2009Annual Report.pdf

r: "
c
GTL-I
ANNUAL REPORT
OF ~~dO
'4 ...
. ~,)eTe Telecom, Inc.
NAME
PO Box 88, Cambridge, ID 83610
ADDRESS
TO THE
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEARENDED December 31, 2009
,,
I
~l!sllng
Qi:_~"' ~i 1. ~_ L.,; ¡.....
Z~lr r.....' .-;')0Ju 9: ti7
ACCOUNTANT'S COMPILATION REPORT
The Board of Directors
CTC Telecom, Inc.
Cambridge, Idaho 83610
We have compiled the accompanying balance sheets ofCTC Telecom, Inc. as of December 31,2009 and 2008,
and the related income and retained earings statement for the year ended December 3 i, 2009, included in the
accompanying prescribed form, in accordance with Statements on Standards for Accounting and Review
Services issued by the American Institute of Certified Public Accountants. We have also compiled the
supplementa information, except for pages 1, 2, 18, 19, and 20.
Our compilation was limited to presenting in the form prescribed by the Idaho Public Utilities Commission
information that is the representation of management. We have not audited or reviewed the financial statements
referred to above and, accordingly; do not express an opinion or any other form of assurance on them.
These financial statements and the supplementar information are presented in accordance with the
requirements of the Idaho Public Utilties Commission, which differ from generally accepted accounting
principles. Accordingly, the financial statements and supplementar information are not designed for those
who are not informed about such differences.
The information contained on pages 1,2, 18, 19, and 20 has not been audited, reviewed, or compiled by us,
and, accordingly, we assume no responsibilty for that information.JL. ~¿if
coior~0-~pr~ngs4o
April 29, 20ío
Kiesling Associates LLP I Kiesling Consulting LLC I Kiesling Investment Management LLC
( i
ANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING DECEMBER 31, 2009
COMPANY INFORMATION
Exact name of utilty: CTC Telecom, Inc.
Address of pnncipal offce: P.O. Box 69, 130 Superior St., Cambridge, 1083610
Telephone Number (Area Code 208 257-3314
Cities or towns served: Hidden Springs, 10, Boise
Name and title of offcer having custody of the general corporate books of account:
Richard Wiggins, President
Address of offce where corporate books are kept and phone number:
P.O. Box 69, 130 Superior St., Cambndge, 1083610, [phone]
Organized under the laws of the State of: Idaho
Oate of organization: 17-Feb-98
Form of organization (proprietorship, association, corporation): Corporation
If a Subchapter S Corporation, please specify:
Name and address of controllng company, if any: Cambridge Telephone Company, Inc.
P.O. Box 69,130 Superior St., Cambridge, 1083610
Names of affliated companies. Give address and description of business: Cambridge Telephone Company, Inc.
P.O. Box 69,130 Superior St., Cambridge, 10 83610-Telecommunications Service;
CTC Construction, LLC P.O. Box 88, Cambridge, 10 83610-Construction Services
OFFICERS
Report below the title, name and offce address of each general offcer of the utility at the end of the
year. If there were any changes dunng the year, show the name, title, and address of the previous
offcer and the date of change.
Title
President
Vice President
Secretary
Treasurer
Name
Richard Wiggins
Kermit Wiggins
Kristie Kanady
Joana Wiggins
Addre
1745 Fairview Ave., Weiser, 1083672
P.O. Box 69, Cambridge, 1083610
P.O. Box 353, Cambndge, 1083610
P.O. Box 69, Cambridge, 1083610
Rev 3/02 Page 1
( i
DIRECTORS
List the name of each person who was a member of the Board of Oirectors at any given time during the
year: (Fees related to meetings only.)
Tenn Expire
or Currnt Tenn Meetings AttndedName Wil Expire This year
and Addre
Richard Wiggins
P.O. Box 69, Cambridge, 1083610 Indefinite 1 None
Kermit Wiggins
P.O. Box 69, Cambridge, 1083610 Indefinite 1 None
Knstie Kanady
P.O. Box 353, Cambridge, 1083610 Indefinite 1 None
Joana Wiggins
P.O. Box 69, Cambridge, 1083610 Indefinite 1 None
Name of Chairman of the Board: Richard Wiggins
Name of Secretary (or Clerk) of Board: Knstie Kanady
Number of Meetings of the Board during the year: 1
Fee Paid
During Year
MANAGERS
List the name of each person who performed management duties for the Company dunng the year, and
the total wages and bonuses paid to those persons: (00 not include Oirector fees in these amounts.)
Name Title Wages and Bonuses Paid
Rev 3/02 Page 2
( ¡
NOTES TO THE FINACIA STATEMENTS
Please provide important information such as changes in accounting or depreciation practices,
extensions or additions to the system; disposal of any substantial portion of the propert of the utilty;
reorganization, mergers, or consolidations with other companies; leases executed; other contracts
or agreements entered into; changes made in articles of incorporation or amendments; the
occurrence of contingency losses or gains.
1 In 1998, CTC Telecom, Inc., (CTC) a wholly-owned subsidiary of Cambndge Telephone Company
Inc. was incorporated, with an initial investment of $100,000. CTC operates as a Competitive
Local Exchange Carrier in the state of Idaho. Construction of plant facilties was complete in 1999
and be an rovidin services on Se tember 1,1999. PCS wireless facilties were com leted and
service initiated in Se tember, 2001. Additional aid-in ca ital of $1 was invested b
Cambridge Telephone Company, Inc. through December 31, 2009.
2 In Apnl, 1999, CTC secured a loan from CoBank, ACB in the amount of $1,700,000, of which
$613,648 was unpaid as of December 31,2009. The loan is secured by a Leasehold Deed
of Trust and Security Agreement covering all real and personal propert. In addition, the loan is
secured by Personal Guarantee of Payment Agreements by certain shareholders of Cambridge
Telephone Company, and Pledge Agreements for stock of Cambndge Telephone Company
owned by certain shareholders.
An additional loan from CoBank, ACB of $800,000 was arranged for in 2001 of which $132,334
was unpaid as of December 31,2009.
The Com an has entered into a lease for land effective 2/15/99. The lease is 10 ears and
additional leases were obtained for ceil sites in 2001. Annual lease payments are $12,900.
Rev 3/02 Page 3
t;i,
BALACE SHEET
Aset and Other Debit
Balance Balance Incree
Beginning at End orTitle of Accunt of Year of Year (Dereas)Currnt Aset
1120 Cash and Equivalents
1130 Cash 8,899 137 (8,762)1140 Special Cash Deposits
1150 Working Cash Advances
1160 Temporary Investments
1180 Telecommunications Accts. Receivable 5,918 4,221 (1,697)1181 Accts. Rec. Allow. -Telecommunications -
1190 Other Accounts Receivable 24,135 80,617 š6,482
1191 Accunts Receivable Allow. - Other
1200 Notes Receivable
1201 Notes Receivable Allowance
1210 Interest & Dividends Receivable
1220 Material and Supplies 28,934 14,918 (14,016)1280 Prepayments
1290 Prepaid Rents 8,100 8,100
1300 Prepaid Taxes
1310 Prepaid Insurance
1320 Prepaid Directory Expenses
1330 Other Prepayments
1350 Other Current Assets
Noncurrnt Asets
1401 Investment in Affliated Companies
1402 Investment in Nonaffliated Companies 198,970 202,012 3,042
1406 Nonregulated Investments
1407 Unamortized Debt Issuance Expense
1408 Sinking Funds
1410 Other Noncurrent Assets 70,278 70,278
1438 Deferred Maintenance & Retirements
1439 Deferred Charges 7,900 7,900
1500 Other Jurisdiction Assets - Net
Propert, Plant and Equipment
2001 Telecommunications Plants in Service 4,611,816 4,725,077 113,261
2002 Prop. Held for Future Telecom. Use
2003 Telecom. Plant under Constr. - Short Term
2004 Telecom. Plant under Constr. - Long Term
2005 Telecom. Plant Adjustment
2006 Nonoperating Plant
2007 Goodwil
Depreiation and Amorttion Accounts
3100 Accumulated Depreciated (2,274,437)2,499,129 4,773,566
3200 Accum. Depre. - Held for Future Use
3300 Accumulated Depreciation - Nonoperating
3400 Accumulated Amortization - Tangible
3410 Accum. Amort. - Capitalized Leases
3420 Accum. Amort. - Leasehold Improvements
3500 Accumulated Amortization - Intangible
3600 Accumulated Amortization - Other
TOTAL ASSETS 2,682,413 2,614,131 4,929,976
Rev 3/02 Page 4
,'i,
BALCE SHEET
Liabilitie & Stockholders' Equity
Balance Balance Increase
Beginning at End or
Tite of Account of Year otYear (Derese)
Currnt Liabilities
4010 Accounts Payable 736,299 912,924 176,625
4020 Notes Payable
4030 Advance Bilings and Payments 84,041 89,368 5,327
4040 Customer Deposits
4050 Current Maturities - Long -Term Debt 241,667 241,667
4060 Current Maturities - Capital leases
4070 Income Taxes - Accrued
4080 Other Taxes - Accrued 15,164 16,439 1,275
4100 Net Current Defer. Oper. Income Taxes
4110 Net Current Defer. Nonoper. Income Taxes
4120 Other Accrued Liabilities 3,703 2,627 (1,076)4130 Other Current Liabilties
Long-Tenn Debt
4210 Funded Debt 745,981 504,315 (241,666)
4220 Premium on Long-Term Debt
4230 Discount on Long-Term Debt
4240 Reacquired Debt
4250 Obligations Under Capital Leases
4260 Advances from Affliated Companies
4270 Other Long-Term Debt
Other Liabilities & Deferrd Credit
4310 Other Long-Term Liabilities
4320 Unamort. Oper. Invest. Tax Credits - Net
4330 Unamort. Nonoper. Invest. Tax Credits - Net
4340 Net Noncurrent Defer. Oper. Income Taxes 10,684 16,002 5,318
4350 Net Noncur. Defer. Nonoper. Income Taxes 3,924 3,069 (855)4360 Other Deferred Credits 59,783 41,870 (17,913)4370 Other Juris. Liab. & Def. Credits - Net
Stockholders' Equit
4510 Capital Stock 100,000 100,000
4520 Additional Paid-In Capital 1,900,000 1,900,000
4530 Treasury Stock
4540 Other Capital
4550 Retained Earnings (1,218,833)(1,214,150)4,683
TOTAL LIAB. & OTHER CREDITS 2,682,413 2,614,131 (68,282)
Rev 3/02 Page 5
..
AN
A
L
Y
S
I
S

O
F

T
E
L
E
C
O
M
M
U
N
I
C
A
T
I
O
N
S

P
L
A
N
T

I
N

S
E
R
V
I
C
E
TO
T
A
L

C
o
m
p
a
n
y

B
a
s
i
s
Ba
l
a
n
c
e
Pl
a
n
t
Tr
a
n
s
f
e
r
s
Ba
l
a
n
c
e
Be
g
i
n
n
i
n
g
Ad
d
i
t
i
o
n
s
Re
t
i
r
e
d
an
d
En
d
of
Ye
a
r

Du
r
i
n
g

y
e
a
r
or

So
l
d

Ad
j
u
s
b
n
e
n
t
s
of

Ye
a
r

An
a
l
y
s
i
s

o
f

T
e
l
e
c
o
m
m
u
n
i
c
a
t
i
o
n
s

P
l
a
n
t

i
n

S
e
r
v
i
c
e
21
1
1
La
n
d
57
,
5
8
6
57
,
5
8
6
21
1
2
Mo
t
o
r

V
e
h
i
c
l
e
s
94
,
2
0
6
94
,
2
0
6
21
1
3
Ai
r
c
r
a
f
t
21
1
4
Sp
e
c
i
a
l

P
u
r
p
o
s
e

V
e
h
i
c
l
e
s
21
1
5
Ga
r
a
g
e

W
o
r
k

E
q
u
i
p
m
e
n
t
21
1
6
Ot
h
e
r

W
o
r
k

E
q
u
i
p
m
e
n
t
21
2
1
Bu
i
l
d
i
n
g
s
52
4
,
0
1
4
2,
8
5
0
52
6
,
8
6
4
21
2
2
Fu
r
n
i
t
u
r
e
33
5
33
5
21
2
3
Of
f
c
e

E
q
u
i
p
m
e
n
t
21
2
4
Ge
n
e
r
a
l

P
u
r
p
o
s
e

C
o
m
p
u
t
e
r
s
18
,
7
4
8
18
,
7
4
8
22
1
1
An
a
l
o
g

E
l
e
c
t
r
o
n
i
c

S
w
i
t
c
h
i
n
g
22
1
2
Di
g
i
t
a
l

E
l
e
c
t
r
o
n
i
c

S
w
i
t
c
h
i
n
g
78
4
,
2
1
0
2,
1
8
5
(1
3
9
,
3
2
7
)
54
,
8
0
9
70
1
,
8
7
7
22
1
5
El
e
c
t
r
o
-
M
e
c
h
a
n
i
c
a
l

S
w
i
t
c
h
i
n
g
22
2
0
Op
e
r
a
t
o
r

S
y
s
t
e
m
s
22
3
1
Ra
d
i
o

S
y
s
t
e
m
s
22
3
2
Ci
r
c
u
i
t

E
q
u
i
p
m
e
n
t
1,
2
4
6
,
4
9
6
27
,
0
6
1,
2
7
3
,
5
6
0
23
1
1
St
a
t
i
o
n

A
p
p
a
r
a
t
u
s
23
2
1
Cu
s
t
o
m
e
r

P
r
e
m
i
s
e
s

W
i
r
i
n
g
23
4
1
La
r
g
e

P
r
i
v
a
t
e

B
r
a
n
c
h

E
x
c
h
a
n
g
e
s
23
5
1
Pu
b
l
i
c

T
e
l
e
p
h
o
n
e

T
e
r
m
i
n
a
l

E
q
u
i
p
m
e
n
t
23
6
2
Ot
h
e
r

T
e
r
m
i
n
a
l

E
q
u
i
p
m
e
n
t
24
1
1
Po
l
e
s
24
2
1
Ae
r
i
a
l

C
a
b
l
e
24
2
2
Un
d
e
r
g
r
o
u
n
d

C
a
b
l
e
24
2
3
Bu
r
i
e
d

C
a
b
l
e
1,
7
4
3
,
9
1
6
16
3
,
3
3
2
1,
9
0
7
,
2
4
8
24
2
4
Su
b
m
a
r
i
n
e

C
a
b
l
e
24
2
6
In
t
r
a
b
u
i
l
d
i
n
g

N
e
t
w
o
r
k

C
a
b
l
e
24
3
1
Ae
r
i
a
l

Wir
e

24
4
1
Co
n
d
u
i
t

S
y
s
t
e
m
s
13
,
3
6
5
13
,
3
6
5
26
8
1
Ca
p
i
t
a
l

L
e
a
s
e
s
26
8
2
Le
a
s
e
h
o
l
d

I
m
p
r
o
v
e
m
e
n
t
s
14
1
0
In
t
e
r
n
e
t
12
8
,
9
4
0
2,
3
4
8
13
1
,
2
8
8
TO
T
A
L

P
L
A
N
T

A
C
C
O
U
N
T
S
4,
6
1
1
,
8
1
6
19
7
,
7
7
9
(1
3
9
,
3
2
7
)
54
,
8
0
9
4,
7
2
5
,
0
7
7
Re
v

3/
0
2

Pa
g
e

6
AN
A
L
Y
S
I
S

O
F

T
E
L
E
C
O
M
M
U
N
I
C
A
T
I
O
N
S

P
L
A
T

A
C
C
O
U
N
T
S
ID
A
H
O

O
p
e
r
a
t
i
o
n
s

O
n
l
y
Ba
l
a
n
c
e
Be
g
i
n
n
i
n
g
of
Ye
a
r
An
a
l
y
s
i
s

o
f

T
e
l
e
c
o
m
m
u
n
i
c
a
t
i
o
n
s

P
l
a
n
t

i
n

s
e
r
v
i
c
e
21
1
1
21
1
2
21
1
3
21
1
4
21
1
5
21
1
6
21
2
1
21
2
2
21
2
3
21
2
4
22
1
1
22
1
2
22
1
5
22
2
0
22
3
1
22
3
2
23
1
1
23
2
1
23
4
1
23
5
1
23
6
2
24
1
1
24
2
1
24
2
2
24
2
3
24
2
4
24
2
6
24
3
1
24
4
1
26
8
1
26
8
2
26
9
0
Re
v

3/
0
2
La
n
d
Mo
t
o
r

V
e
h
i
c
l
e
s
Ai
r
c
r
a
f
t
Sp
e
c
i
a
l

P
u
r
p
o
s
e

V
e
h
i
c
l
e
s
Ga
r
a
g
e

W
o
r
k

E
q
u
i
p
m
e
n
t
Ot
h
e
r

W
o
r
k

E
q
u
i
p
m
e
n
t
Bu
i
l
d
i
n
g
s
Fu
r
n
i
t
u
r
e
Of
f
c
e

E
q
u
i
p
m
e
n
t
Ge
n
e
r
a
l

P
u
r
p
o
s
e

C
o
m
p
u
t
e
r
s
An
a
l
o
g

E
l
e
c
t
r
o
n
i
c

S
w
i
t
c
h
i
n
g
Di
g
i
t
a
l

E
l
e
c
t
r
o
n
i
c

S
w
i
t
c
h
i
n
g
El
e
c
t
r
o
-
M
e
c
h
a
n
i
c
a
l

S
w
i
t
c
h
i
n
g
Op
e
r
a
t
o
r

S
y
s
t
e
m
s
Ra
d
i
o

S
y
s
t
e
m
s
Ci
r
c
u
i
t

E
q
u
i
p
m
e
n
t
St
a
t
i
o
n

A
p
p
a
r
a
t
u
s
Cu
s
t
o
m
e
r

P
r
e
m
i
s
e
s

W
i
r
i
n
g
La
r
g
e

P
r
i
v
a
t
e

B
r
a
n
c
h

E
x
c
h
a
n
g
e
s
Pu
b
l
i
c

T
e
l
e
p
h
o
n
e

T
e
r
m
i
n
a
l

E
q
u
i
p
m
e
n
t
Ot
h
e
r

T
e
r
m
i
n
a
l

E
q
u
i
p
m
e
n
t
Po
l
e
s
Ae
r
i
a
l

C
a
b
l
e
Un
d
e
r
g
r
o
u
n
d

C
a
b
l
e
Bu
r
i
e
d

C
a
b
l
e
Su
b
m
a
r
i
n
e

C
a
b
l
e
In
t
r
a
b
u
i
l
d
i
n
g

N
e
t
w
o
r
k

C
a
b
l
e
Ae
r
i
a
l

Wi
r
e
Co
n
d
u
i
t

S
y
s
t
e
m
s
Ca
p
i
t
a
l

L
e
a
s
e
s
Le
a
s
e
h
o
l
d

I
m
p
r
o
v
e
m
e
n
t
s
In
t
a
n
g
i
b
l
e
s
TO
T
A
L

P
L
A
T

A
C
C
O
U
N
T
S
Ad
d
i
t
i
o
n
s
Du
r
i
n
g

Y
e
a
r
Pl
a
n
t
Re
t
i
r
e
d
or

So
l
d
SA
M
E

A
S

T
O
T
A
L

C
O
M
P
A
N
Y
Pa
g
e

7
Tr
a
n
s
f
e
r
s
an
d
Ad
j
u
s
t
m
e
n
t
s
--
Ba
l
a
n
c
e
En
d
of

Ye
a
r
¡
zo
~
~A.Woow
5:i C:& ~
:i CO(, -
(, cc( ~z e,;; :lw
~w
u.o
U)
;
,,
C\0 C\co ......co C\0)0 co 10 ~..0)....~C\.0 I I M C\I I 0 I I 10 i I 0)I ......e, " at Ñ Ö et Ñ oe ..a)ö a)c c ·..0 ..0 ~0 C\..0)J! w)o C'........
II õ Ñ
.a .ac c. .E" EI! c.._ at :s
.. .~~ ~
.! Q..- c
I ~~(,0
..Im
~I
E
8
cii- . Q..0i-g.5:
at c -._ c~at- ..m ro
m
j
,. itlia.
t!
~....
10 C'0..C\t
(fooc:C\
;: (fo 0010o .
. C\10 ..Öo
ew
ooco ii
10 0.. ..I .. C\
cô....
M......
0)..0)iôco
o~
~..
o..C\iôo..
.. ..
co co.. 00iô
;:oooc:C\
(fooN..
(fo10
N..
-#o..
(foo
oò
(f (f0000
c: ex..
10..i 10....
0)..I .. I
iô10..
...., 10 iÖMco
..oi .. I
g10
10 10co 10i 0)..
et a)C\..
i¡ ëa. ~t! ø.~Q) :J" æ ~_l ~æ gi äiW.. Q) c: æ:E gi"f (i ë ~:SE ~ë S:E~S ~ x~ Q) lU- Q)- c.o~- -w EE U- ~EQ)C: E~S~ ~ "'c.~ ~ C.E ~l~~ ~"f Q)3 Q) ~:l ~ '5 c. _ '- 0 en ~ ø _ Q) c: i- 0" :õ ~Q)~3 c:Q)-o-E c:~~~Q)W lU ~~ øSø ØW~ Q)E~§~äisøEQ)~Em§(i U il E
I ~ 8. ~ W c. e-.b e ~ !e E c. (¡ ~ s "5.5 Q) -g ~ U æ Q)-~ ~~o~ ~:J~~~OOS3C.c.~lUQ)E ..-:J~Q)c:.C:_~ i..~ 0 ~~-Q)~ ø~ "'~-"' w - W-cQ) ~ ~øQ)~_W-W~"'~WCQ)~i-Q)Q) lUe,,-~SW~~- Q)~ æ~W lU æ ¿sen c: E~ i- U æ'- (¡3~~~"' ~l æ",~~ 8 ~ O~b ~ o§ 0 0 Q)~ "' ø(i ~i E..(i c:~õl 0 Q) ~!~ EE ~ lU~~ l~ o~~ ~..!~~~~.. ~~ ~ c:.! ~ ~ fJ C) õ ~ ~ 0 C) ~. Õ iI 0 l2 c3 ø 8 ~ æ õ ~ ~ :5 ~ ~ £ ~ :Ë 8
lC\
at ..C ..
c( C\
M .. 10 co .. C' M .. .. C\ 10 0 .. C\ .. .. .. .. C\ .. .. C\ M .. co .. 0 ..
.. .. .. .. C' C' C\ C\ .. .. .. C\ M M .. C\ .. 10 co .. C\ C\ C\ C\ C\ M .. ..
.. .. .. .. .. .. .. .. C\ C\ C\ C\ C' C\ M M M M M .. .. .. .. .. .. .. .. ..C\ C\ C\ C' C' C' C\ C\ C\ C\ C\ C\ C\ C\ C\ C\ C\ C\ C\ C' C' C\ C\ C\ C\ C\ .. C'
0)..o
~co
Q)l
..M..
t!C\Ñ
~e
..c::J
~
~
Q)
.2s
~
c:o
1ä'õ~c.
Q)"0
m:J
~~.5
~
Iiiit
~
~
TO
T
A
L
AN
A
L
Y
S
I
S

O
F

E
N
T
R
I
E
S

I
N

A
C
C
U
M
U
L
A
T
E
D

D
E
P
R
E
C
I
A
T
I
O
N
Ac
c
o
u
n
t

3
1
0
0
ID
A
H
O

O
p
e
r
a
t
i
o
n
s

O
n
l
y
Ba
l
a
n
c
e
Be
g
i
n
n
i
n
g
of

Ye
a
r
"'
P
l
e
a
s
e

l
i
s
t

i
n
d
i
v
i
d
u
a
l

d
e
p
r
e
c
i
a
t
i
o
n

r
a
t
e

f
o
r

e
a
c
h

a
c
c
o
u
n
t
.
An
a
l
y
s
i
s

o
f

E
n
t
r
i
e
s

I
n

A
c
c
u
m
u
l
a
t
e
d

D
e
p
r
e
c
i
a
t
i
o
n
21
1
2

M
o
t
o
r
V
e
h
i
c
l
e
s
21
1
3

A
i
r
c
r
a
f
t
21
1
4

S
p
e
c
i
a
l

P
u
r
p
o
s
e

V
e
h
i
c
l
e
s
21
1
5

G
a
r
a
g
e

W
o
r
k

E
q
u
i
p
m
e
n
t
21
1
6

O
t
h
e
r

W
o
r
k

E
q
u
i
p
m
e
n
t
21
2
1

B
u
i
l
d
i
n
g
s
21
2
2

F
u
r
n
i
t
u
r
e
21
2
3

O
f
f
i
c
e

E
q
u
i
p
m
e
n
t
21
2
4

G
e
n
e
r
a
l

P
u
r
p
o
s
e

C
o
m
p
u
t
e
r
s
22
1
1

A
n
a
l
o
g

E
l
e
c
t
r
o
n
i
c

S
w
i
t
c
h
i
n
g
22
1
2

D
i
g
i
t
a
l

E
l
e
c
t
r
o
n
i
c

S
w
i
t
c
h
i
n
g
22
1
5

E
l
e
c
t
r
o
-
M
e
c
h
a
n
i
c
a
l

S
w
i
t
c
h
i
n
g
22
2
0

O
p
e
r
a
t
o
r

S
y
s
t
e
m
s
22
3
1

R
a
d
i
o

S
y
s
t
e
m
s
22
3
2

C
i
r
c
u
i
t

E
q
u
i
p
m
e
n
t
23
1
1

S
t
a
t
i
o
n

A
p
p
a
r
a
t
u
s
23
2
1

C
u
s
t
o
m
e
r

P
r
e
m
i
s
e
s

W
i
r
i
n
g
23
4
1

L
a
r
g
e

P
r
i
v
a
t
e

B
r
a
n
c
h

E
x
c
h
a
n
g
e
s
23
5
1

P
u
b
l
i
c

T
e
l
e
p
h
o
n
e

T
e
r
m
i
n
a
l

E
q
u
i
p
m
e
n
t
23
6
2

O
t
h
e
r

T
e
r
m
i
n
a
l

E
q
u
i
p
m
e
n
t
24
1
1

P
o
l
e
s
24
2
1

A
e
r
i
a
l

C
a
b
l
e
24
2
2

U
n
d
e
r
g
r
o
u
n
d

C
a
b
l
e
24
2
3

B
u
r
i
e
d

C
a
b
l
e
24
2
4

S
u
b
m
a
r
i
n
e

C
a
b
l
e
24
2
6

I
n
t
r
a
b
u
i
l
d
i
n
g

N
e
t
w
o
r
k

C
a
b
l
e
24
3
1

A
e
r
i
a
l

W
i
r
e
24
4
1

C
o
n
d
u
i
t

S
y
s
t
e
m
s
Re
v

3/
0
2
De
p
r
e
c
i
a
t
i
o
n
Ra
t
e
*
Cr
e
d
i
t
s
Du
r
i
n
g
Ye
a
r
SA
M
E

A
S

T
O
T
A
L

C
O
M
P
A
N
Y
Pa
g
e

9
Re
t
i
r
e
m
e
n
t
s
an
d
Ad
j
u
s
t
m
e
n
t
s
t_
Ba
l
a
n
c
e
En
d
of

Ye
a
r
.'*,.
INVESTMENTS
Report below the investments in Accounts 1401, 1402 and 1406. Identify each investment as to the
account in which included. Minor amounts in Account 1406 may be grouped by classes.
Description
CoBank patronage
Info USA Stock
Totals
Date Acquired
various
11/27/2002
Book Cost of
Investments
Disposed of
This year
RECEIVABLES
Book Cost of
Investments
Held at
End of Year
92,812
109,200
202,012
Itemize amounts show in Accounts 1180, 1190 and 1200. For notes receivable list each note separately and
include the maturity date and interest rate. Minor amounts in Account 1210 may be combined.
Name of Company
Customer accounts receivable
Interexchange carriers
CoBank
Miscellaneous
USAC
Totals
Rev 3/02
Amount at End of Year Notes Accounts
Receivable Receivable
5,321
1,927
5,649
7,941
64,000
Page 10
84,838
,-
NOTES PAYABLE
For Notes Payable, list each note separately and include the maturity date and interest rate.
Name of Creditor
NONE
Totals
Date of Note
Interet
Rate
ACCOUNTS PAYABLE
Report below all Accounts Payable amounting to more than $100.00
Name of Creditor
Cambridge Telephone Company
Ada County Tax Collector
Ada County Treasurer
CESCO
Digicellinternational
Farmers Mutual Telephone
Lite Industries
QWEST
Rina, LLC
USAC
Zone Telecom
RINA
Other, Various
Totals
Rev 3/02 Page 11
Due Date Face Amoun
Amount
850,012
13,643
2,137
3,036
1,204
2,695
3,687
5,385
5,907
4,769
12,683
6,061
1,705
912,924
..
,
LO
N
G

-

T
E
R
M

D
E
B
T
Ac
c
o
u
n
t
s

4
2
1
0
,

4
2
4
,

4
2
5
0
,

4
2
6
0
,

4
2
7
0

a
n
d

4
3
1
0
Li
s
t

t
h
e

r
e
q
u
i
r
e
d

d
a
t
a

f
o
r

e
a
c
h

o
b
l
i
g
a
t
i
o
n

i
n
c
l
u
d
e
d

i
n

t
h
e
s
e

a
c
c
o
u
n
t
s
,

g
r
o
u
p
i
n
g

t
h
e
m

b
y

a
c
c
u
n
t

n
u
m
b
e
r

a
n
d

s
h
o
w
i
n
g

t
o
t
a
l
s

f
o
r

e
a
c
h

a
c
c
u
n
t
.
If

a
n
y

o
b
l
i
g
a
t
i
o
n
s

m
a
t
u
r
e

s
e
r
i
a
l
l
y

o
r

o
t
h
e
r
w
i
s
e

a
t

v
a
r
i
o
u
s

d
a
t
e
s
,

g
i
v
e

p
a
r
t
i
c
u
l
a
r
s

i
n

a

n
o
t
e
.
Da
t
e
Da
t
e
Fa
c
t
Pr
e
m
i
u
m
l
Di
s
c
o
u
n
t
Cl
a
s
s

&

S
e
r
i
e
s
of
of
Am
o
u
n
t
Ou
t
s
t
a
n
d
i
n
g
Ye
a
r
In
t
e
r
e
s
t

f
o
r

y
e
a
r
of

O
b
l
l
a
a
t
i
o
n
Is
u
e
Ma
t
u
r
i
t
y
Au
t
h
o
r
i
z
e
d
Ye
a
r
-
E
n
d
To
t
a
l
Am
o
r
t
i
z
e
d
Ra
t
e
Am
o
u
n
t
Co
B
a
n
k
4/
1
5
/
1
9
9
9
4/
2
0
/
2
0
1
4
1,
7
0
0
,
0
0
0
61
3
,
6
4
8
va
r
i
a
b
l
e
27
,
1
0
8
Co
B
a
n
k
5/
1
/
2
0
0
1
5/
2
0
/
2
0
1
1
80
0
,
0
0
0
13
2
,
3
3
4
va
r
i
a
b
l
e
9,
2
6
4
Le
s
s

c
u
r
r
e
n
t

m
a
t
u
n
t
i
e
s
(2
4
1
,
6
6
7
)
To
t
a
l
50
4
,
3
1
5
36
,
3
7
2
Re
v

3
/
0
2
Pa
g
e

1
2
"
CAPITAL STOCK
Report below the particulars called for concerning common and preferred stock at end of year,
designating separate series of any general class. Show totals separately for common and
preferred.
For each class of preferred stock, show the dividend rate and whether dividends are cumulative or
noncumulative.
Show details in a footnote of capital stock sold during the year. Include number of shares,
con~ideration received, premium or discount, and expenses incurred.
Class & Series of Stock
Common
Rev 3102
Number
of Share
Authoried
5,000,000
Par Value
per Share
No Par
Page 13
Outstanding per
Balance Shee
Share Amount
10,000 100,000
-:',,
INCOME & RETAINED EARNINGS STATEMENT
.
Item Totl Company Idaho Only
Total Operating Income (from page 15)
Total Operating Expenses (from page 17)
7100 Other Operating Income and Expense
7210 Operating Investment Tax Credits-Net
7220 Operating Federal Income Taxes
7230 Operating State and Local Income Taxes
7240 Operating Other Taxes
7250 Provision for Deferred Operating Income Taxes-Net
7200 Operating Taxes (Total)
7310 Dividend Income
7320 Interest Income
7330 Income from Sinking and Other Funds
7340 Allowance for Funds Used During Construction
7350 GainslLosses from the Disposition of Certain Propert
7360 Other Nonoperating Income
7370 Special Charges
7300 Nonoperating Income and Expense
7410 Nonoperating Investment Tax Credits-Net
7420 Nonoperating Federal Income Taxes
7430 Nonoperating State and Local Income Taxes
7440 Nonoperating Other Taxes
7450 Provision for Deferred Nonoperating Income Taxes-Net
7400 Nonoperating Taxes
7510 Interest on Funded Debt
7520 Interest Expense-Capital Leases
7530 Amortization of Debt Issuance Expense
7540 Other Interest Deductions
7500 Interest and Related Items
7610 Exraordinary Income Credits
7620 Exraordinary Income Charges
7630 Current Income Tax Effect of Extraordinary Items-Net
7640 Provision for Deferred Income Tax Effect of
Extraordinary Items-Net
7600 Extraordinary Items
7910 Income Effect of Junsdictional Ratemaking
Differences-Net
7990 Nonregulated Net Income
AMOUNT TRASFERRED TO RETAINED EARNINGS
Rev 3/02
723,536
1,033,706
33,035
4,463
37,498
8,690
(1,003)
7,687
36,372
36,372
381,036
4,683
Page 14
Same as
total company
'".
Item
OPERATING REVENUES
Totl Company Idaho Only
Local Netork Services Revenues
5001 Basic Area Revenue
5002 Optional Extended Area Revenue
5003 Cellular Mobile Revenue
5004 Other Mobile Services Revenue
5010 Public Telephone Revenue
5040 Local Private Line Revenue
5050 Customer Premises Revenue
5060 Other Local Exchange Revenue
5069 Other Local Exchange Settlements
Network Acc services Revenues
5081 End User Revenue (SLC)
5082 Switched Access Revenue (Interstate)
5083 Special Access Revenue
5084 State Access Revenue (Intrastate)
Long Distance Network Services Revenues
5100 Long Distance Message Revenue - All
Miscellaneous Revenues
5230 Directory Revenue
5240 Rent Revenue
5250 Corporate Operations Revenue
5261 Special Biling Arrangements Revenue
5262 Customer Operations Revenue
5263 Plant Operations Revenue
5264 Other Incidental Regulated Revenue
5269 Other Revenue Settlements
5270 Carrier Billng & Collection Revenue
Uncollectible Revenues
5301 Uncollectible Revenue - Telecommunications
5302 Uncollectible Revenue - Other
TOTAL OPERATING REVENUES
Please identify the following revenues:
NECA USF $ NONE
231,198
77,552
111,850
15,225
8,492
216,845
2,791
49,665
9,136
782
723,536
. To what account were they booked?
State USF $ NONE . To what account were they booked?
Rev 3/02 Page 15
Same as
total company
'!.C
Item
OPERATING REVNUES
Total Company Idaho Only
Plant Specifc Operations Expense
6110 Network Support Expenses
6112 Motor Vehicle Expense
6113 Aircraft Expense
6114 Special Purpose Vehicles Expense
6115 Garage Work Equipment Expense
6116 Other Work Equipment Expense
6120 General Support Expenses
6121 Land and Building Expenses
6122 Furniture and Artorks Expense
6123 Offce Equipment Expense
6124 General Purpose Computers Expense
6210 Central Office Switching Expenses
6211 Analog Electronic Expense
6212 Digital Electronic Expense
6215 Electro-Mechanical Expense
6220 Operators System Expense
6230 Central Offce Transmission Expenses
6231 Radio Systems Expense
6232 Circuit Equipment Expense
6310 Information OriginationlTermination Expense
6311 Station Apparatus Expense
6341 Large Private Branch Exchange Expense
6351 Public Telephone Terminal Equipment Expense
6362 Other Terminal Equipment Expense
6410 Cable and Wire Facilties Expenses
6411 Pole Expense
6421 Aerial Cable Expense
6422 Underground Cable Expense
6423 Buried Cable Expense
6424 Submarine Cable Expense
6425 Deep Sea Cable Expense
6426 Intrabuilding Network Cable Expense
6431 Aerial Wire Expense
6441 Conduit Systems Expense
Same as
total company4,417
19,310
18,780
72,844
110,345
10,309
TOTAL PLANT SPECIFIC OPERATIONS EXPENSE 236,005
Rev 3/02 Page 16
~~
Item
OPERATING REVENUES
Totl Company Idaho Only
Plant Nonspecifc Operations Expense
6510 Other Propert/PlanUEquipment Expenses
6511 Propert Held for Future Telecomm. Use Expenses
6512 Provisioning Expense
6530 Network Operations Expense
6531 Power Expense
6532 Network Administration Expense
6533 Testing Expense
6534 Plant Operations Administration Expense
6535 Engineering Expense
6540 Acces Expense
6560 Depreciation and Amortization Expenses
6561 Depreciation Expense-Telecom. Plant in Service
6562 Depreciation Expense-Propert Held for Future Use
6563 Amortization Expense - Tangible
6564 Amortization Expense - Intangible
6565 Amortization Expense - Other
Total Plant Nonspecific Operations Expenses
Customer Operations Expense
6610 Marketing
6611 Product Management
6612 Sales
6613 Product Advertising
6620 Services
6621 Call Completion Services
6622 Number Services
6623 Customer Services
Totl Customer Operations Exense
Corprate Operations Expense
6710 Executive and Planning
6711 Executive
6712 Planning
6720 General and Administrative
6721 Accounting and Finance
6722 External Relations
6723 Human Resources
6724 Information Management
6725 Legal
6726 Procurement
6727 Research and Development
6728 Other General and AdministratiVe
6790 Provision for Uncollectible Notes Receivable
Total Cororate Operations Expense
TOTAL OPERATING EXPENSES
Rev 3/02
6,427
472
193,477
364,019
564,395
45,737
1,433
119,890
167,060
6,931
35,721
55
3,114
20,425
66,246
1,033,706
Page 17
Same as
total company
.f'
CE
N
T
R
A
L

O
F
F
I
C
E

D
A
T
A
as

o
f

D
e
c
e
m
b
e
r

3
1
,

2
0
0
8

(
u
n
l
e
s

o
t
h
e
r
w
i
s
e

I
n
d
i
c
a
t
e
d
)
Na
m
e

o
f

C
e
n
t
r
a
l

O
f
f
i
c
e
:

H
i
d
d
e
n

S
o
r
i
n
o
s
Pr
e
f
i
x

(
e
s
)
:

2
2
9
Ce
n
t
r
a
l

O
f
f
c
e

S
w
i
t
c
h
Ch
e
c
k

a
l
l

t
h
a
t

a
p
p
l
y
:
St
a
n
d

A
l
o
n
e
.
l
Ho
s
t
_
Re
m
o
t
e
_
Ac
c
e
s

L
i
n
e

C
a
p
a
c
i
t
y
De
s
i
g
n
:

1
0
,
0
0
0
In
s
t
a
l
l
e
d
/
E
q
u
i
p
p
e
d
:

1
3
4
4
Ty
p
e
:

E
W
S
D

&

T
a
g
u
a

T
7
0
0
0
Ch
e
c
k

on
e
:
Di
g
i
t
a
l
.
l
An
a
l
o
g
_
Cl
a
s
s
i
f
i
c
a
t
i
o
n

o
f

C
u
s
t
o
m
e
r

A
c
c
e
s
Be
g
i
n
n
i
n
g

o
f

Y
e
a
r
Ne
w

C
o
n
n
e
c
t
s
Di
s
c
o
n
n
e
c
t
s
En
d

o
f

Ye
a
r
Mu
l
t
i
-
Li
n
e
1-
P
a
r
t
Fo
r
e
i
g
n

E
x
c
h
a
n
g
e
:
Di
a
l

T
o
n
e

f
r
o
m

t
h
i
s

C
.
O
.
:
-
.
Di
a
l

T
o
n
e

f
r
o
m

a
n
o
t
h
e
r

C
.
O
.
:

0
Re
s
i
d
e
n
c
e
Si
n
g
l
e

L
i
n
e
Mu
l
t
i
-
1-
P
a
r
t

P
a
r
t
76
3
11
9
13
7
74
5
Cu
s
t
o
m

C
a
l
l
i
n
g
:
Nu
m
b
e
r

o
f

c
u
s
t
o
m
e
r
s

w
i
t
h

a
t

l
e
a
s
t

o
n
e

f
e
a
t
u
r
e
:
_
6
0
9
_
To
t
a
l

n
u
m
b
e
r

o
f

f
e
a
t
u
r
e
s

s
u
b
s
c
r
i
b
e
d

t
o
:
_
2
6
_
Re
v

3/
0
2
Ch
e
c
k

on
e
:
El
e
c
t
r
o
n
i
c
.
l
El
e
c
t
r
o
-
M
e
c
h
a
n
i
c
a
l
_
Ot
h
e
r
:
Ac
c
e
s

L
i
n
e
s

i
n

U
s
e
Cu
s
t
o
m
e
r

L
i
n
e
s
:
(I
n
c
l
u
d
e

C
e
n
t
r
e
x
,

P
A
L
,

S
e
m
i
-
P
u
b
.
)
Pu
b
l
i
c

T
e
l
e
p
h
o
n
e

L
i
n
e
s
-
l
Co
m
p
a
n
y

O
f
f
c
i
a
l

L
i
n
e
s
_
7
_
Co
m
p
a
n
y

T
e
s
t

L
i
n
e
s
-
l
Bu
s
i
n
e
s
Mu
l
t
i
-
Si
n
g
l
e

L
i
n
e
To
t
a
l
Su
b
t
o
t
a
l
Ce
n
t
r
e
x
Li
n
e
Mu
l
t
i
-
Su
b
t
o
t
a
l
Re
s
i
d
e
n
c
e
Re
s
i
d
e
n
c
e
N.
A
R
.
1-
P
a
r
t
1-
P
a
r
t
Pa
r
t
Bu
s
i
n
e
s
s
&
B
u
s
i
n
e
s
s
76
3
91
91
85
4
11
9
9
9
12
8
13
7
24
24
16
1
74
5
76
76
82
1
Di
r
e
t
o
r
y

L
i
s
t
i
n
g
s
:
Nu
m
b
e
r

o
f

C
u
s
t
o
m
e
r
s

w
i
t
h

N
o
n
p
u
b
l
i
s
h
e
d

o
r

N
o
n
l
i
s
t
e
d
:
_
3
0
8
_
Pa
g
e

1
8
Lo
c
a
l

E
x
c
h
a
n
g
e
1
22
9
2,3,4,5,6,7,8 9_10
,
11 12
,
13
,
14
,
15
,
16
,
17
,
18 Re
v

3
/
0
2
NU
M
B
E
R

O
F

C
A
L
L
S

C
O
M
P
L
E
T
E
D

B
Y

C
U
S
T
O
M
E
R
S

D
U
R
I
N
G

(
Y
e
a
r
)

2
0
0
7
Av
e
r
a
g
e

#
of

Cu
s
t
o
m
e
r
Li
n
e
s

i
n

U
s
e
Lo
c
a
l

C
a
l
l
s
Nu
m
b
e
r

A
v
g
.
/
(1
0
0
0
s
)

L
i
n
e
82
2
Pa
g
e

1
9
.
..
To
l
l

C
a
l
l
s

O
r
i
g
i
n
a
l
e
d

(
T
o
t
a
l

o
f

a
l
l

C
a
r
r
i
e
r
s
)
In
t
r
a
s
t
a
t
e
Av
g
.
/
Li
n
e
21
,
9
4
4
20
5
,
1
8
8
In
t
e
r
s
t
a
t
e

T
o
t
a
l
22
7
,
1
3
2
27
6
. "',ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES
YEA ENDED DECEMBER 31,2007.
CUSTOMER RELATIONS RULES COMPLIACE
Rule IDAPA 31.21.01.603
Rule IDAPA 31.41.01.105
Please provide copies of:
Summary of Customer "Relations Rules for Telephone Corporations
Idaho Telephone Solicitation Act Notification
Method of Notification:
Mailed separately to customers Yes-LNo_
Included in directory Yes_ No-L
Date of notification 4/1/2008
Alternate method of notification NIA
Rule IDAPA 31.41.01.403.02
Record of Complaints:
Number received by Company 17
Category of complaints (if known):
Deposit Disputes
Charges on Bil 8
DeniallTermination
Quality or Availabilty
of Service
Carrier SelectionlAssignment
Miscellaneous 9
Rev 3/02
Page 20
I", I( .1.f
CERTIFICATE
State of Idaho )
) ssCounty of Washington )
WE, the undersigned RICHARD WIGGINS
and
of the CTC TELECOM, INC.utilty,
on our oath do severally say that the foregoing return has been prepared under our direction, from
the onginal books, papers, and records of said utilty; that we have carefully examined same, and
declare the same to be a correct statement of the business affairs of said utilty for the period
covered by the return in respect to each and every matter and thing therein set forth, to the best of
our knowledge, information and belief.
J2~è¿ LJ~4' ~~hief Off '"
J2~è. i&:i '?
(Offcer in Charge of -C£unts)
Subscnbed and Sworn to Before Me this J ~
.£1 ~ Ul;1J~lfrkNotary P blic
day of ~, (Year) 20 IÒ.
, (Year) ;i 110
DANA LYNNE MUNDEN
Notary Public
State of Idaho
My Commission expires 'bU. c2
Rev 3/02
Page 21