2020Annual Report.pdf

DCNT
ANNUAL REPORT
OF
Direct Communications Rockland, lnc.
NAME
150 South Main
Rockland, lD 83271
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2020
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ANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31. 2020
COMPANY INFORMATION
Exact name of utility: DIRECT COMMUNICATIONS ROCKLAND, INC
Address of principal office:150 South Main Rockland, ldaho 83271
Telephone Number (Area Code- 208_)548 - 2345
Cities or towns served:Rockland. Arbon, Paris. Bloom St. Charles, & Fish Haven
Name and title of officer having custody of the general corporate books of account:
Tim May, General Manager
Address of office where corporate books are kept and phone number:
150 South Main Rockland, ldaho 83271 (208) 548 - 2345
Organized under the laws of the State of:ldaho
Date of organization 1973
Form of organization (proprietorship, association, corporation)
lf a Subchapter S Corporation, please specify:
Corporation
Name and address of controlling company, if any:
Names of affiliated companies. Give address and description of business:
Direct Communciations Cedar Valley, 150 South Main Rockland, ldaho 83271, ILEC
OFFICERS
Report below the title, name and office address of each general officer of the utility at the end of the
year. lf there were any changes during the year, show the name, title, and address of the previous
officer and the date of change.
Title Name Address
PresidenUGM Tim May P.O. Box 269 Rockland, ldaho 83271
Secretary Scott Hendrickson P.O. Box 269 Rockland, ldaho 83271
Rev 3/02 Page 1
DIRECTORS
List the name of each person who was a member of the Board of Directors at any given time during the
year: (Fees related to meetings only.)
Term Expired
or Gurrent Term
WillExpire
Meetings Attended
This year
Fees Paid
During YearName
and Address
Timothy May Jul-25
Jeremy Smith Jul-20
Kip Wilson Jul-20
Scott Hendrickson Jul-25
Marc Dunn Jul-25
PO Box 269, Rockland, lD 83271
Name of Chairman of the Board Tim May
Name of Secretary (or Clerk) of Board Scott Hendrickson
Number of Meetings of the Board during the year:3
MANAGERS
List the name of each person who performed management duties for the Company during the year, and
the total wages and bonuses paid to those persons: (Do not include Director fees in these amounts.)
Name Title Wages and Bonuses Paid
Tim May General Manager lnformation is Confidential
Rev 3/02 Page2
3
1
1
3
3
NOTES TO THE FINANCIAL 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 property of the utility;
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.
Rev 3/02 Page 3
BALANCE SHEETAssets and Other Debits
Title of Account
Current Assets1'120 Cash and Equivalents1130 Cash1140 SpecialCashDeposits1150 Working Cash Advances1160 Temporarylnvestments1180 TelecommunicationsAccts. Receivable1181 Accts. Rec. Allow. -Telecommunications1190 OtherAccountsReceivable1191 Accounts Receivable Allow. - Other1200 Notes Recelvable1201 Notes Receivable Allowance1210 lnterest & Dividends Receivable1220 MaterialandSupplies1280 Prepayments1290 Prepaid Rents1300 Prepaid Taxes1310 Prepaid lnsurance1320 Prepaid Directory Expenses1330 Other Prepayments1350 Other Current Assets
Noncurrent Assets1401 lnvestment in Affiliated Companies1402 lnvestment in Nonaffiliated Companies1406 Nonregulatedlnvestments1407 Unamortized Debt lssuance Expense1408 Sinking Funds1410 Other Noncurrent Assets1438 Deferred Maintenance & Retirements1439 Deferred Charges1500 Other Jurisdiction Assets - Net
Property, Plant and Equipment2001 Telecommunications Plants in Service2002 Prop. Held for Future Telecom. Use2003 Telecom. Plant under Constr. - Short Term2004 Telecom. Plant under Constr. - Long Term2005 Telecom. Plant Adjustment2006 Nonoperating Plant2007 Goodwill
Depreciation and Amortization Accounts3100 AccumulatedDepreciated3200 Accum. Depre. - Held for Future Use3300 Accumulated Depreciation - Nonoperating3400 Accumulated Amortization - Tangible3410 Accum. Amort. - Capitalized Leases3420 Accum. Amort. - Leasehold lmprovements3500 Accumulated Amortization - lntangible3600 Accumulated Amortization - Other
TOTAL ASSETS
-Tr433O' -p6sz5,'5-
-vw -r,4gr'--0r -0r
tsalance
tsegrnnrng
of Year
t alance
at End
of Year
lnGrease
or
(Decrease)
1,983,600
U.j,Tg,57r
-rzmoo-37ff1g,,z-55re'0--Tf6;000)'1,566,414
903,056 868,140
U
474,289 1,604,783
-rT5ovsr
-o-
0
241,685
-5:r5r
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--165,ftO'
--T.
461,815
19,286 15,000
019,960,038 26,064,199_7,rs0p6.s_ _5..20_5m_arczs3g5 -=I6'Fzd-9.20---r0r,T6r
-7T0,T,4r-5,F,61z7{
--
r10,930,077 10,497,486
-T4mF-T
-_6-
0
0
028,963,610 28,186,237
1,065,033 908,069
-]ts6-F64I
--
0
0
U
021,233,044 21,007,778
3,424,813 -{365p,r8-959,1 15
0
353 792
55,337,021 70,674,447
0
0
0
Rev 3/02 Page 4
15,337,426
BALANCE SHEET
Liabilities & Stockholders' Equity
Balance
Beginning
of Year
901,734
2,158,465
20,476,449
1,875,199
425,687
(1,215,684)
28,263,240
55,337,022
Page 5
Balance
at End
of Year
!ncrease
(Decrease)
3,703,039
or
Title of Account
40't0
4020
4030
4040
4050
4060
4070
4080
4100
4110
4120
41 30
Current Liabilities
Accounts Payable
Notes Payable
Advance Billings and Payments
Customer Deposits
Current Maturities - Long -Term Debt
Current Maturities - Capital leases
lncome Taxes - Accrued
Other Taxes - Accrued
Net Current Defer. Oper. lncome Taxes
Net Current Defer. Nonoper. lncome Taxes
Other Accrued Liabilities
Other Current Liabilities
Long-Term Debt
Funded Debt
Premium on Long-Term Debt
Discount on Long-Term Debt
Reacquired Debt
Obligations Under Capital Leases
Advances from Affiliated Companies
Other Long-Term Debt
Other Liabilities & Deferred Credits
Other Long-Term Liabilities
Unamort. Oper. lnvest. Tax Credits - Net
Unamort. Nonoper. lnvest. Tax Credits - Net
Net Noncurrent Defer. Oper. lncome Taxes
Net Noncur. Defer. Nonoper. lncome Taxes
Other Deferred Credits
Other Juris. Liab. & Def. Credits - Net
Stockholders' Equity
CapitalStock
Additional Paid-ln Capital
Treasury Stock
Other Capital
Retained Earnings
4210
4220
4230
4240
4250
4260
4270
4310
4320
4330
4340
4350
4360
4370
4510
4520
4530
4540
4550
TOTAL LIAB. & OTHER CREDITS
Rev 3/02
4,604,773
0
00
0
0
340 340
2,214,458 s5,993
0
51,664 51 664
0
0
0
56,638 (2,395,294\
0
0
18,557,984 (1,918,465)
0
0
0
0
0
4,000,000 4,000,000
0
0
0
0
2,497,935 622.736
0
0 1,451,115 451 115
0
1
0
425,687 0
0
(1,215,684)
38,029,538 9,766,298
0
70,674,447 15,337,425
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INVESTMENTS
Report below the investments in Accounts 1401 , 1402 and 1406. ldentify each investment as to the
account in which included. Minor amounts in Account 1406 may be grouped by classes.
Book Cost of
lnvestments
Disposed of
This year
Book Cost of
lnvestments
Held at
End ofYearDescription
RTFC
INDEPENDENT CABLE SYSTEIv
CEDAR VALLEY
SYRINGA NETWORK
ANPI & SOLEX
NEWSTREETS, INC.
CoBank
NRTC
Soda Springs Customers
Name of Companv
Date Acouired
-
1993-94
2003
2004
2000
2002
2002
2020
146 097
111 160
10,300,483
4,400,322
17,800
20 000
2017 189,626
2017 25,838
525,456
Star Telephone 2017 15,763,717
Totals 30,759,579
RECEIVABLES
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.
Amount at End of YearNotes AccountsReceivable Receivable
Customers 107 225
lnterexcahnoe Carriers & Others 412 345
3,464,192Affiliates
N/R - 2M Brand 306,400
N/R - DC Cedar Vallev 8,660,800
Totals 8 967 200 3,983,762
Rev 3/02 Page 10
NOTES PAYABLE
For Notes Payable, list each note separately and include the maturity date and interest rate.
Name of Creditor Date of Note
lnterest
Rate Due Date Face Amount
Totals
ACCOUNTS PAYABLE
Report below all Accounts Payable amounting to more than $100.00
Name of Creditor
see attached
Amount
Totals 0.00
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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. lnclude number of shares,
consideration received, premium or discount, and expenses incurred.
Class & Series of Stock
Number
of Shares
Authorized
Par Value
per Share
Outstanding per
Balance Sheet
Shares Amount
COMMON VOTING STOCK 100,000 12,500 43,956
COMMON NONVOTING STOCK 900,000 112,500 395,600
Rev 3/02 Page 13
Item
INCOME & RETAINED EARNINGS STATEMENT
TotalCompany ldaho Only
Total Operating lncome (from page 15)
Total Operating Expenses (from page 17)
7100 Other Operating lncome and Expense
7210 Operating lnvestment Tax Credits-Net
7220 Operating Federal lncome Taxes
7230 Operating State and Local lncome Taxes
7240 Operating Other Taxes
7250 Provision for Deferred Operating lncome Taxes-Net
7200 Operating Taxes (Total)
5,170,703
5,561,305
29,890
5,600
50,104
85,s95
264,517
0
0
5,462,006
5,726,523
(57)
0
(57)
574,612
64,359
638,971
2,978,909
7,590,264
SAME
AS
TOTAL
7310
7320
7330
7340
7350
7360
7370
7300
Dividend lncome
lnterest lncome
lncome from Sinking and Other Funds
Allowance for Funds Used During Construction
Gains/Losses from the Disposition of Certain Property
Other Nonoperating lncome
Special Charges
Nonoperating lncome and Expense
7410 Nonoperating lnvestment Tax Credits-Net
7420 Nonoperating Federal lncome Taxes
7430 Nonoperating State and Local lncome Taxes
7440 Nonoperating Other Taxes
7450 Provision for Deferred Nonoperating lncome Taxes-Net7400 Nonoperating Taxes
7510 lnterest on Funded Debt
7520 lnterest Expense-Capital Leases
7530 Amortization of Debt lssuance Expense
7540 Other lnterest Deductions
7500 lnterest and Related ltems
7610 Extraordinary lncome Credits
7620 Extraordinary lncome Charges
7630 Current lncome Tax Effect of Extraordinary ltems-Net
7640 Provision for Deferred lncome Tax Effect of
Extraordinary ltems-Net7600 Extraordinary ltems
7910 lncome Effect of Jurisdictional Ratemaking
Differences-Net
7990 Nonregulated Net lncome
0
Rev 3/02
AMOUNT TRANSFERRED TO RETAINED EARNINGS
Page 14
Item
OPERATING REVENUES
TotalCompany ldaho Only
5001
5002
5003
5004
5010
5040
5050
5060
5069
5081
5082
5083
5084
5100
5230
5240
5250
5261
5262
5263
5264
5269
5270
5301
5302
Local Network Services Revenues
Basic Area Revenue
Optional Extended Area Revenue
Cellular Mobile Revenue
Other Mobile Services Revenue
Public Telephone Revenue
Local Private Line Revenue
Customer Premises Revenue
Other Local Exchange Revenue
Other Local Exchange Settlements
Network Access Services Revenues
End User Revenue (SLC)
Switched Access Revenue (lnterstate)
SpecialAccess Revenue
State Access Revenue (lntrastate)
Long Distance Network Services Revenues
Long Distance Message Revenue - All
Miscellaneous Revenues
Directory Revenue
Rent Revenue
Corporate Operations Revenue
Special Billing Arrangements Revenue
Customer Operations Revenue
Plant Operations Revenue
Other lncidental Regulated Revenue
Other Revenue Settlements
Carrier Billing & Collection Revenue
U ncollecti ble Reven ues
Uncollectible Revenue - Telecommunications
Uncollectible Revenue - Other
184,O94
27 092
47 362
3,825,820
8',13,842
224,069
35,520
11 136
768
SAME
AS
TOTAL
TOTAL OPERATING REVENUES 5,170,703
Please identify the following revenues:
NEcAUSF$-639'832.00-'Towhataccountweretheybooked?
State USF $ 202,401.00_. To what account were they booked?
5082.22
5084.60
Rev 3/02 Page 15
OPERATING REVENUES
Item TotalGompany ldaho Only
Plant Specific Operations Expense
6110 Network Support Expenses
61 12 Motor Vehicle Expense
61 13 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 Artworks Expense
6123 Office Equipment Expense
6124 General Purpose Computers Expense
6210 Central Office Switching Expenses
6211 Analog Electronic Expense
6212 Digilal Electronic Expense
621 5 Electro-Mechanical Expense
6220 Operators System Expense
6230 Central Office Transmission Expenses
6231 Radio Systems Expense
6232 Circuit Equipment Expense
6310 lnformation Originationffermination 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 Facilities 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 lntrabuilding Network Cable Expense
6431 Aerial Wire Expense
6441 Conduit Systems Expense
SAME
AS
TOTAL
60,957
54,890
19,166
55,149
22,403
771,043
591,067
Rev 3/02
TOTAL PLANT SPECIFIC OPERATIONS EXPENSE
Page 16
1,574,674
Item
OPERATING REVENUES
TotalCompany ldaho Only
Plant Nonspecific Operations Expense
651 0 Other Propefi/PlanVEquipment Expenses
6511 Property 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 Access Expense
6560 Depreciation and Amortization Expenses
6561 Depreciation Expense-Telecom. Plant in Service
6562 Depreciation Expense-Property Held for Future Use
6563 Amortization Expense - Tangible
6564 Amortization Expense - lntangible
6565 Amortization Expense - Other
Total Plant Nonspecific Operations Expenses
Customer Operations Expense
6610 Marketing
6611 Product Management
6612 Sales
661 3 Product Advertising
6620 Services
6621 Call Completion Services
6622 Number Services
6623 Customer Services
Total Customer Operations Expense
6710
6711
6712
6720
6721
6722
6723
6724
6725
6726
6727
6728
6790
Corporate Operations Expense
Executive and Planning
Executive
Planning
General and Adm inistrative
Accounting and Finance
External Relations
Human Resources
lnformation Management
Legal
Procurement
Research and Development
Other General and Administrative
Provision for Uncollectible Notes Receivable
Total Corporate Operations Expense
TOTAL OPERATING EXPENSES
69,694
SAME
AS
TOTAL
354,299
315,664
156,003
1,696,272
2,591,932
159,759
68
204,647
364,473
556,164
287 188
5,935
14,775
6,677
159,486
1,030,226
Rev 3/02 Page 17
5,561,305
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ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES
YEAR ENDED DEGEMBER 31,2020
CUSTOMER RELATIONS RULES COMPLIANCE
Rule IDAPA 31.21.01.603
Rule IDAPA 31.41.01.105
Please provide copies of:
Summarv of Customer Relations Rules for Teleohone Coroorations
ldaho Teleohone Solicitation Act Notification
Method of Notification:
Mailed separately to customers
lncluded in directory
Date of notification Feb-20
Yes_ No__X_
Yes No X
Alternate method of notification Posted on website & included as annual bill message
Rule IDAPA 31.41 .01 .403.02
Record of Complaints:
Number received by Company
Category of complaints (if known):
Deposit Disputes
Charges on Bill
Denialffermination
Quality or Availability
of Service
Carrier Selection/Assignment
Miscellaneous
1
0
0
0
0
0
1
Rev 3/02
Page 20
CERTIFICATE
State of ldaho
County of Power
WE, the undersigned Tim May
and_R.MichaelParrish
of the Direct Commu Rockland. lnc.r rlil itv,
on our oath do severally say that the foregoing return has been prepared under our direction, from
the original books, papers, and records of said utility; that we have carefully examined same, and
declare the same to be a correct statement of the business affairs of said utility for the period
covered by the return in respect to each
our knowledge, information and belief.
and every matter and therein set forth, to the best of
Manager)
(Chief Financial Officer)
Subscribed and Sworn to Before Me this _29_ day of _April_ , 2020
Notary Public
My Commission expires _11 June , (Year) _2022_
Rev 3/02
gdUexcel/jnelson/anulrpts/telannualrpt
SS
I
Page21