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Home My WebLink About20200515Annual Report 2019 Redacted.pdfANNUAL REPOR FOR THE OF YEAR ENDED: 2019 ADDRESS IDAHO PUBLIC UTILITIES COMMISSION FREMONT TELCOM CO. 1221 N. RUSSELL ST. MISSOULA, MT 59808 NAME TO THE C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Cover RECEIVED 2020 May 15AM4:54 IDAHO PUBLIC UTILITIES COMMISSION FRE-T ANNUAL REPORT OF SMALL TELEPHONE COMPANIES T THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31, 201 COMPANY INFORMATION Exact name of utility: Fremont Telcom Co. Address of principal office: 1221 N Russell St, Missoula, MT 59808 Telephone Number 406-541-5000 Cities or towns served: Saint Anthony, Ashton, Teton, and Island Park, ID Name and title of officer having custody of the general corporate books of account: Marilee Klaudt, Exec. Admin./Paralegal Address of office where corporate books are kept and phone number: 406-541-5111 1221 N Russell St., Missoula, MT 59808 Organized under the laws of the State of: Idaho Date of organization: March 9, 1994 Form of organization (proprietorship, association, corporation): Corporation If a Subchapter S Corporation, please specify: Name and address of controlling company, if any: Names of affiliated companies. Give address and description of business: Blackfoot Telephone Cooperative, Inc. BTC Holdings, Blackfoot Communications, Inc., TeleSphere Software, Inc., collectively doing business as Blackfoot. OFFICERS Report below the title, name and office address of each general officer of the utility at the end of the year. If 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 Chief Executive Officer Jason Williams 1221 N. Russell St., Missoula, MT 59808 Assistant Treasurer, Chief Financial Officer Stacey Mueller 1221 N. Russell St., Missoula, MT 59808 Assistant Secretary Stacey Mueller 1221 N. Russell St., Missoula, MT 59808 Vice President - HR & Community Relations Laura Marshall 1221 N. Russell St., Missoula, MT 59808 Vice President - Stretegic Planning Joe Fanguy 1221 N. Russell St., Missoula, MT 59808 Chief Technology Officer Dave Martin 1221 N. Russell St., Missoula, MT 59808 Vice President - Sales & Marketing J.P. Violette 1221 N. Russell St., Missoula, MT 59808 Rev 3/02 Page 1 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Comp Info 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 Current Term Meetings Attended Fees Paid Will Expire This year During Year Name Address Tom Eggensperger, President PO Box 219, Thompson Falls, MT 59873 5/22 12 19,300.00 Geoffrey Wilson, Vice President 2704 Southside Road, Superior, MT 59872 5/21 12 16,150.00 Cindy Lewis, Secretary/Treasurer PO Box 529, Seeley Lake, MT 59868 5/21 12 19,750.00 Jim Blush PO Box 158, St. Ignatius, MT 59865 5/21 12 16,600.00 Ross Friede PO Box 184, Hall, MT 59837 5/21 12 12,950.00 Les Iverson 31580 Potomac Rd., Potomac, MT 59823 5/22 12 18,400.00 Stuart Morton PO Box 396, St. Ignatius, MT 59865 5/22 12 17,950.00 Jim Newberg 1971 South Couture Loop, Arlee, MT 59821 5/21 12 17,050.00 John Teague 8945 Teague Ranch Rd., Clinton, MT 59825 5/21 12 20,650.00 Name of Chairman of the Board: President - Tom Eggensperger Name of Secretary (or Clerk) of Board: Secretary - Cindy Lewis Number of Meetings of the Board during the year: 12 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 Wages and Bonuses Pa N/A Rev 3/02 Page 2 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Directors 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. None Rev 3/02 Page 3 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Notes to Fin BALANCE SHEET Assets and Other Debit Balance Balance Increase Beginning at End o Title of Accoun of Yea of Year 2019 (Decrease) Current Asset 1120 Cash and Equivalent 2,468,23 2,967,971 499,733 1130 Cash 1140 Special Cash Deposit 1150 Working Cash Advances 1160 Temporary Investments 1180 Telecommunications Accts. Receivabl 104,218 16,589 (87,629) 1181 Accts. Rec. Allow. -Telecommunication 1190 Other Accounts Receivabl 188,734 202,335 13,601 1191 Accounts Receivable Allow. - Othe 1200 Notes Receivable 1201 Notes Receivable Allowanc 1210 Interest & Dividends Receivabl 1220 Material and Supplie 236,726 300,046 63,320 1280 Prepayment 1290 Prepaid Rents 12,547 17,807 5,260 1300 Prepaid Taxes 1310 Prepaid Insuranc1320 Prepaid Directory Expense 1330 Other Prepayment 1350 Other Current Asset Noncurrent Asset 1401 Investment in Affiliated Companie 1402 Investment in Nonaffiliated Companie 40,200 42,788 2,588 1406 Nonregulated Investment1407 Unamortized Debt Issuance Expens 1408 Sinking Funds 1410 Other Noncurrent Asset 1,973,80 - (1,973,800 1438 Deferred Maintenance & Retirement 1439 Deferred Charges - 107,674 107,674 1500 Other Jurisdiction Assets - Ne Property, Plant and Equipmen 2001 Telecommunications Plants in Servic 39,562,37 42,128,76 2,566,38 2002 Prop. Held for Future Telecom. Us2003 Telecom. Plant under Constr. - Short Term 91,403 185,828 94,425 2004 Telecom. Plant under Constr. - Long Ter 2005 Telecom. Plant Adjustmen 2006 Nonoperating Plan 2007 Goodwill 384,975 384,975 - Depreciation and Amortization Account 3100 Accumulated Depreciated (29,846,182) (30,205,677) (359,495) 3200 Accum. Depre. - Held for Future Us 3300 Accumulated Depreciation - Nonoperatin 3400 Accumulated Amortization - Tangibl 3410 Accum. Amort. - Capitalized Lease 3420 Accum. Amort. - Leasehold Improvement 3500 Accumulated Amortization - Intangibl (1,745,328 (2,065,794 (320,466) 3600 Accumulated Amortization - Othe TOTAL ASSET 13,471,70 14,083,30 611,595 Rev 3/02 Page 4 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Bal Sheet Balance Balance Increase Beginning at End o Title of Account of Year of Year 2019 (Decrease) Current Liabilities 4010 Accounts Payable 402,518 171,425 (231,093) 4020 Notes Payable 4030 Advance Billings and Payments 4040 Customer Deposits 4050 Current Maturities - Long -Term Debt 32,873 44,435 11,562 4060 Current Maturities - Capital leases 4070 Income Taxes - Accrued 4080 Other Taxes - Accrued - 31,094 31,094 4100 Net Current Defer. Oper. Income Taxes 4110 Net Current Defer. Nonoper. Income Taxes 4120 Other Accrued Liabilities 4130 Other Current Liabilities Long-Term Debt 4210 Funded Debt 295,923 263,466 (32,457) 4220 Premium on Long-Term Debt 4230 Discount on Long-Term Debt 4240 Reacquired Debt 4250 Obligations Under Capital Leases 4260 Advances from Affiliated Companies 4270 Othe erm Debt Other Liabilities & Deferred Credits 4310 Other Long-Term Liabilities 11,981 1,562 (10,419) 4320 Unamort. Oper. Invest. Tax Credits - Net 4330 Unamort. Nonoper. Invest. Tax Credits - Net 4340 Net Noncurrent Defer. Oper. Income Taxes 130,749 573,166 442,417 4350 Net Noncur. Defer. Nonoper. Income Taxes 4360 Other Deferred Credits 1,397 - (1,397) 4370 Other Juris. Liab. & Def. Credits - Net Stockholders' Equity 4510 Capital Stock 5,016,399 5,016,399 - 4520 Additional Paid-In Capital 5,822,588 5,822,588 - 4530 Treasury Stock 4540 Other Capital 4550 Retained Earnings 1,757,279 2,159,167 401,888 TOTAL LIAB. & OTHER CREDITS 13,471,707 14,083,302 611,595 Rev 3/02 Page 5 BALANCE SHEE Liabilities & Stockholders' Equity C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Liab Balance Plant Transfers Balance Beginning Additions Retired and End of Year During year or Sold Adjustments of Year 2019 Analysis of Telecommunications Plant in Service 2111 Land 39,421 29,366 68,787 2112 Motor Vehicles 574,038 35,644 (71,062) 538,620 2113 Aircraft - - 2114 Special Purpose Vehicles - - 2115 Garage Work Equipment - - 2116 Other Work Equipment 358,875 23,424 382,299 2121 Buildings 1,297,392 58,021 1,355,413 2122 Furniture 23,713 23,713 2123 Office Equipment 10,965 8,136 19,101 2124 General Purpose Computers 143,656 143,656 2124 Computer Software 3,800 3,800 2211 Analog Electronic Switching - - 2212 Digital Electronic Switching 1,224,330 (28,648) 1,195,682 2212 Digital Switching Software 34,867 34,867 2220 Operator Systems - - 2231 Radio Systems 336,200 336,200 2232 Circuit Equipment 8,946,784 554,664 (156,381) 9,345,067 2311 Station Apparatus 107,193 9,036 116,229 2321 Customer Premises Wiring - - 2341 Large Private Branch Exchanges - - 2351 Public Telephone Terminal Equipment 47,676 47,676 2362 Other Terminal Equipment - - 2411 Poles 134,428 134,428 2421 Aerial Cable 341,827 341,827 2422 Underground Cable 2,516,672 2,516,672 2423 Buried Cable 16,876,280 666,125 (1,509) (2,318) 17,538,578 2424 Submarine Cable - - 2426 Intrabuilding Network Cable - - 2431 Aerial Wire 2,570 2,570 2441 Conduit Systems 527,375 8,014 535,389 2681 Capital Leases - - 2682 Leasehold Improvements - - 2690 Intangibles (includes Goodwill) 2,358,775 2,358,775 TOTAL PLANT ACCOUNTS 35,906,837 1,392,430 (257,600) (2,318) 37,039,349 Rev 3/02 Page 6 ANALYSIS OF TELECOMMUNICATIONS PLANT IN SERVICE TOTAL Company Basis C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Plant in Serv ANALYSIS OF TELECOMMUNICATIONS PLANT ACCOUNT IDAHO Operations Onl Balance Plant Transfers Balance Beginning Additions Retired and End of Year During Yea or Sold Adjustments of Januar Analysis of Telecommunications Plant in Servic 2111 Land Same as Total Company 2112 Motor Vehicles 2113 ircraft 2114 Special Purpose Vehicle 2115 Garage Work Equipment 2116 Other Work Equipment 2121 Buildings 2122 Furniture 2123 Office Equipment 2124 General Purpose Computers 2211 nalog Electronic Switching 2212 Digital Electronic Switching 2215 Electro-Mechanical Switching 2220 Operator Systems 2231 Radio Systems 2232 Circuit Equipment 2311 Station Apparatus 2321 Customer Premises Wiring 2341 Large Private Branch Exchanges 2351 Public Telephone Terminal Equipmen 2362 Other Terminal Equipment 2411 Poles 2421 erial Cable 2422 Underground Cable 2423 Buried Cable 2424 Submarine Cable 2426 Intrabuilding Network Cable 2431 erial Wire 2441 Conduit Systems 2681 Capital Leases 2682 Leasehold Improvements 2690 Intangibles TOTAL PLANT ACCOUNT Rev 3/02 Page 7 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Plant Anal ANALYSIS OF ENTRIES IN ACCUMULATED DEPRECIATIO Account 310 TOTAL Company Basi Balance Credits Retirements Balance Beginning Depreciation During and End of Yea Rate* Yea Adjustment of Year 2019 Analysis of Entries in Accumulated Depreciatio 2112 Motor Vehicles 513,758 14.29% 51,004 (71,062) 493,700 2113 Aircraft 2114 Special Purpose Vehicles 2115 Garage Work Equipment 2116 Other Work Equipment 255,490 8.33% 9,186 264,676 2121 Buildings 899,826 10.00% 67,021 966,847 2122 Furniture 165 12.50% 1,976 2,141 2123 Office Equipment 10,091 12.50% 1,562 11,653 2124 General Purpose Computers 143,656 8.33% 143,656 2124 Computer Software 3,800 14.29% 3,800 2211 Analog Electronic Switching 2212 Digital Electronic Switching 1,224,331 14.29% - (28,648) 1,195,683 2215 Electro-Mechanical Switching - - 2220 Operator Systems 2231 Radio Systems 336,200 2.86% 336,200 2232 Circuit Equipment 7,663,154 8.33% 200,773 (145,094) 7,718,833 2311 Station Apparatus 87,127 14.29% 29,135 (272) 115,990 2321 Customer Premises Wiring 2341 Large Private Branch Exchanges 2351 Public Telephone Terminal Equipment 47,676 20.00% 47,676 2362 Other Terminal Equipment 2411 Poles 134,428 20.00% 134,428 2421 Aerial Cable 297,683 14.29% 297,683 2421 Aerial Fiber 14,584 14.29% 2,597 17,181 2422 Underground Cable 202,170 14.29% 202,170 2422 Underground Fiber 2,314,502 14.29% 2,314,502 2423 Buried Cable 13,964,743 14.29% 50,832 (1,605) 14,013,970 2423 Buried Fiber 1,182,842 14.29% 164,316 (1,678) 1,345,480 2423 Buried Cable - Line Extensions - - 2431 Aerial Wire 2,570 6.67% 2,570 2441 Conduit Systems 444,000 5.00% 29,451 473,451 2504 Customer List Amortization 1,668,329 14.29% 281,971 1,950,300 2505 Goodwill 76,994 20.00% 38,497 115,491 2721 Internet Equipment 103,383 5.00% 103,383 TOTA 31,591,502 928,321 (248,359) 32,271,464 *Please list individual depreciation rate for each account. Rev 3/02 Page 8 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Accum Depr ANALYSIS OF ENTRIES IN ACCUMULATED DEPRECIATIO Account 310 IDAHO O erations Onl Balance Credits Retirements Balance Beginning Depreciation During and End of Yea Rate*ea Adjustments of Januar Analysis of Entries in Accumulated Depreciatio 2112 Motor Vehicles Same as Total Compan ____________________________________ 2113 Aircraft ______________________________________________ 2114 Special Purpose Vehicle ______________________________________________ 2115 Garage Work Equipmen ______________________________________________ 2116 Other Work Equipmen ______________________________________________ 2121 Buildings ______________________________________________ 2122 Furniture ______________________________________________ 2123 Office Equipmen ______________________________________________ 2124 General Purpose Computer ______________________________________________ 2211 Analog Electronic Switchin ______________________________________________ 2212 Digital Electronic Switching ______________________________________________ 2215 Electro-Mechanical Switching ______________________________________________ 2220 Operator System ______________________________________________ 2231 Radio Systems ______________________________________________ 2232 Circuit Equipmen ______________________________________________ 2311 Station Apparatu ______________________________________________ 2321 Customer Premises Wiring ______________________________________________ 2341 Large Private Branch Exchange ______________________________________________ 2351 Public Telephone Terminal Equipmen ______________________________________________ 2362 Other Terminal Equipmen ______________________________________________ 2411 Poles ______________________________________________ 2421 Aerial Cable ______________________________________________ 2422 Underground Cabl ______________________________________________ 2423 Buried Cable ______________________________________________ 2424 Submarine Cable ______________________________________________ 2426 Intrabuilding Network Cabl ______________________________________________ 2431 Aerial Wire ______________________________________________ 2441 Conduit System ______________________________________________ 2721 Internet Equipmen ______________________________________________ TOTA _______________________________________________ *Please list individual depreciation rate for each account Rev 3/02 Page 9 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Page 9 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. Book Cost o Book Cost o Investments Investments Disposed o Held at Description Date Acquired This yea End of Januar Capital Credits Various 42,788 _________________________ _____________ _________________ __________________ _________________________ _____________ _________________ __________________ _________________________ _____________ _________________ __________________ _________________________ _____________ _________________ __________________ _________________________ _____________ _________________ __________________ _________________________ _____________ _________________ __________________ _________________________ _____________ _________________ __________________ Totals _____________ _________________ 42,788 RECEIVABLE 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 yea Notes Accounts Name of Compan Receivable Receivable Customers _________________ 16,589 CABS _________________ 23,897 _________________ 173,736 Misc _________________ 4,702 Totals 218,923 Rev 3/02 Page 10 USAC C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Invest - Receivable NOTES PAYABL For Notes Payable, list each note separately and include the maturity date and interest rate. Interest Name of Creditor Date of Note Rate Due Date Face Amoun Idahome Farms 1/26/2017 3.50% 12/31/2026 297,489$ _______________________ _______________________ ___________ ____________ ___________ _____________ _______________________ ___________ ____________ ___________ _____________ _______________________ ___________ ____________ ___________ _____________ _______________________ ___________ ____________ ___________ _____________ _______________________ ___________ ____________ ___________ _____________ _______________________ ___________ ____________ ___________ _____________ Totals ___________ ____________ ___________ _____________ ACCOUNTS PAYABL Report below all Accounts Payable amounting to more than $100.00 Name of Creditor Amoun A/P Trade 140,749 Idaho Sales Tax 204 Idaho 911 (County)7,982 Federal USF 2,483 Idaho USF 2,025 A/P Affiliates 17,984 ________________________________________________________________________________ Totals 171,425 Rev 3/02 Page 11 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 AP LONG - TERM DEBT Accounts 4210, 4240, 4250, 4260, 4270 and 4310 List the required data for each obligation included in these accounts, grouping them by account number and showing totals for each account. If any obligations mature serially or otherwise at various dates, give particulars in a note. Date Date Fact Premium/Discount Class & Series of of Amount Outstanding ear Interest for yea of Obligation Issue Maturit Authorized ear-End Total Amortized Rate Amount NONE _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ _____________________ __________ ____________ ____________ _____________ __________ ____________ _____________ _____________ _____________________ ____________ ____________ ____________ _____________ ____________ ____________ _____________ _____________ Rev 3/02 Page 12 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Long Term Debt CAPITAL STOC 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, consideration received, premium or discount, and expenses incurred. Number Outstanding per of Shares Par Value Balance Sheet Class & Series of Stoc Authorized per Share Shares Amoun Common 100,000 0 5,016 5,016,399 _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ _________________________________ ____________ ___________ ___________ ___________ Rev 3/02 Page 13 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Capital Stock Item Total Company Idaho Only _______________________________________________________________________________________ Total Operating Income (from page 15) 4,112,995 Same as Total Operating Expenses (from page 17) 4,317,595 Total Company 7100 Other Operating Income and Expense ____________ 7210 Operating Investment Tax Credits-Net ____________ 7220 Operating Federal Income Taxes 27,586 ____________ 7230 Operating State and Local Income Taxes 8,218 ____________ 7240 Operating Other Taxes 71,080 ____________ 7250 Provision for Deferred Operating Income Taxes-Net 414,303 ____________ 7200 Operating Taxes (Total) 521,187 ____________ 7310 Dividend Income ____________ 7320 Interest Income ____________ 7330 Income from Sinking and Other Funds ____________ 7340 Allowance for Funds Used During Construction ____________ 7350 Gains/Losses from the Disposition of Certain Property ____________ 7360 Other Nonoperating Income (15) ____________ 7370 Special Charges 92,052 ____________ 7300 Nonoperating Income and Expense 92,037 ___________ 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 10,412 ____________ 7520 Interest Expense-Capital Leases ____________ 7530 Amortization of Debt Issuance Expense ____________ 7540 Other Interest Deductions 7500 Interest and Related Items 10,412 ____________ 7610 Extraordinary Income Credits ____________ 7620 Extraordinary 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 Jurisdictional Ratemaking ____________ Differences-Net ____________ 7990 Nonregulated Net Income (includes GAAP adj) (1,137,933) ____________ AMOUNT TRANSFERRED TO RETAINED EARNINGS 309,697 __________ Rev 3/02 Page 14 INCOME & RETAINED EARNINGS STATEMENT C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Income & Retained Item Total Company Idaho Only _________________________________________________________________________________________ Local Network Services Revenues 5001 Basic Area Revenue 1,007,719 Same as Total Company 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 Access Services Revenues 5081 End User Revenue (SLC) __________________ 5082 Switched Access Revenue (Interstate) 2,297,554 __________________ 5083 Special Access Revenue 296,824 __________________ 5084 State Access Revenue (Intrastate) 95,159 __________________ 5100 Long Distance Message Revenue - All __________________ Miscellaneous Revenues 5230 Directory Revenue 4,331 __________________ 5240 Rent Revenue 408,331 __________________ 5250 Corporate Operations Revenue __________________ 5261 Special Billing Arrangements Revenue __________________ 5262 Customer Operations Revenue __________________ 5263 Plant Operations Revenue __________________ 5264 Other Incidental Regulated Revenue __________________ 5269 Other Revenue Settlements 34,677 __________________ 5270 Carrier Billing & Collection Revenue __________________ Uncollectible Revenues 5301 Uncollectible Revenue - Telecommunications __________________ 5302 Uncollectible Revenue - Other (31,600) __________________ TOTAL OPERATING REVENUES 4,112,995 __________________ Please identify the following revenues: Federal USF 2,085,915$ To what account were they booked? 5082 & 5083 State USF 57,258$ To what account were they booked? 5084 Rev 3/02 Page 15 OPERATING REVENUES C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Operating Rev Item Total Company Idaho Only __________________________________________________________________________________________ Plant Specific Operations Expense 6110 Network Support Expenses Same as Total Company 6112 Motor Vehicle Expense 15,078 _______________ 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 31,002 _______________ 6122 Furniture and Artworks Expense _______________ 6123 Office Equipment Expense _______________ 6124 General Purpose Computers Expense 15,038 _______________ 6210 Central Office Switching Expenses _______________ 6211 Analog Electronic Expense _______________ 6212 Digital Electronic Expense 179,695 _______________ 6215 Electro-Mechanical Expense _______________ 6220 Operators System Expense _______________ 6230 Central Office Transmission Expenses 265 _______________ 6231 Radio Systems Expense _______________ 6232 Circuit Equipment Expense 265,016 _______________ 6310 Information Origination/Termination 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 96,637 _______________ 6422 Underground Cable Expense _______________ 6423 Buried Cable Expense 837,923 _______________ 6424 Submarine Cable Expense _______________ 6425 Deep Sea Cable Expense _______________ 6426 Intrabuilding Network Cable Expense _______________ 6431 Aerial Wire Expense _______________ 6441 Conduit Systems Expense _______________ TOTAL PLANT SPECIFIC OPERATIONS EXPENSE 1,440,654 _______________ Rev 3/02 Page 16 OPERATING REVENUES C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Plant Op Exp Item Total Compan Idaho Onl _______________________________________________________________________________________________ Plant Nonspecific Operations Expense 6510 Other Property/Plant/Equipment Expenses Same as Total Company 6511 Property Held for Future Telecomm. Use Expenses ____________________ 6512 Provisioning Expense 100,817 ____________________ 6530 Network Operations Expense ____________________ 6531 Power Expense ____________________ 6532 Network Administration Expense 223,877 ____________________ 6533 Testing Expense 69,082 ____________________ 6534 Plant Operations Administration Expense 3,237 ____________________ 6535 Engineering Expense 225,123 ____________________ 6540 Access Expense 30,719 ____________________ 6560 Depreciation and Amortization Expenses ____________________ 6561 Depreciation Expense-Telecom. Plant in Service 1,147,782 ____________________ 6562 Depreciation Expense-Property Held for Future Use ____________________ 6563 Amortization Expense - Tangible ____________________ 6564 Amortization Expense - Intangible 320,469 ____________________ 6565 Amortization Expense - Other ____________________ Total Plant Nonspecific Operations Expenses 2,121,106 ____________________ Customer Operations Expense 6610 Marketing ____________________ 6611 Product Management 162,099 ____________________ 6612 Sales ____________________ 6613 Product Advertising ____________________ 6620 Services ____________________ 6621 Call Completion Services ____________________ 6622 Number Services ____________________ 6623 Customer Services 429,169 ____________________ Total Customer Operations Expense 591,268 ____________________ Corporate Operations Expense 6710 Executive and Planning ____________________ 6711 Executive ____________________ 6712 Planning ____________________ 6720 General and Administrative ____________________ 6721 Accounting and Finance 46,969 ____________________ 6722 External Relations 12,739 ____________________ 6723 Human Resources ____________________ 6724 Information Management ____________________ 6725 Legal ____________________ 6726 Procurement ____________________ 6727 Research and Development ____________________ 6728 Other General and Administrative 104,859 ____________________ 6790 Provision for Uncollectible Notes Receivable ____________________ Total Corporate Operations Expense 164,567 ____________________ ____________________ TOTAL OPERATING EXPENSES 4,317,595 ___________________ Rev 3/02 Page 17 OPERATING REVENUES C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Op Exp CENTRAL OFFICE DAT as of December 31, 2019 (unless otherwise indicated Name of Central Office:_________Saint Anthony, ID Prefix (es)(208) 624, 458, 558, 652 Central Office Switch Type: Meta Switch Gateway Check all that apply: Check one: Check one: Stand Alone X Digital___X Electronic___X Host Analog___ Electro-Mechanical___ Remote Other:______________________ Access Line Capacit Access Lines in Us Meta Switch Gateway Customer Lines:1,986 (Include Centrex, PAL, Semi-Pub.) Installed/Equipped: 7/2013 Public Telephone Lines 75 Company Official Lines * Company Test Lines:* Classification of Customer Acces Residence Business Multi-Multi- Total Line Multi- Subtotal Centrex Line Multi- Subtotal Residence 1-Party 1-Party Party Residence N.A.R. 1-Party 1-Party Party Business & Business Beginning of Year - 1,465 - 1,465 80 459 267 - 806 2,271 New Connects - *- ** * * - * * Disconnects - *- ** * * - * * End of Year - 1,316 - 1,316 106 354 210 - 670 1,986 Foreign Exchange: Directory Listings: Dial Tone from this C.O.:_______ Number of Customers with Nonpublished or Nonlisted: 41 Dial Tone from another C.O.:_______ Custom Calling: Number of customers with at least one feature * Total number of features subscribed to: 3,202 * Not separately tracked in the normal course of business. Rev 3/02 Page 18 Single Line Single Line C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Central Office NUMBER OF CALLS COMPLETED BY CUSTOMERS DURING (2019) Average # Local Calls Toll Calls Originated (Total of all Carriers) of Customer Number Avg./ Avg./ Local Exchange Lines in Use (1000s) Line Intrastate Interstate Total Line 1 Teton - 458 64 Not Available ___________ 52,407 79,447 131,854 2,060 2 Island Park - 558 961 Not Available ___________ 50,595 259,936 310,531 323 3 Saint Anthony - 624 510 Not Available ___________ 273,588 382,824 656,412 1,288 4 Ashton - 652 428 Not Available ___________ 113,293 250,187 363,480 850 5_____________________ __________ __________ ___________ __________ _________ _________ ___________ 6_____________________ __________ __________ ___________ __________ _________ _________ ___________ 7_____________________ __________ __________ ___________ __________ _________ _________ ___________ 8_____________________ __________ __________ ___________ __________ _________ _________ ___________ 9_____________________ __________ __________ ___________ __________ _________ _________ ___________ 10____________________ __________ __________ ___________ __________ _________ _________ ___________ 11____________________ __________ __________ ___________ __________ _________ _________ ___________ 12____________________ __________ __________ ___________ __________ _________ _________ ___________ 13____________________ __________ __________ ___________ __________ _________ _________ ___________ 14____________________ __________ __________ ___________ __________ _________ _________ ___________ 15____________________ __________ __________ ___________ __________ _________ _________ ___________ 16____________________ __________ __________ ___________ __________ _________ _________ ___________ 17____________________ __________ __________ ___________ __________ _________ _________ ___________ 18____________________ __________ __________ ___________ __________ _________ _________ ___________ Rev 3/02 Page 19 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Call Completion ANNUAL REPORT FOR SMALL TELEPHONE COMPANIE ear ended 12/31/19 CUSTOMER RELATIONS RULES COMPLIANCE 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 No X Included in directory Yes X No Date of notification November 2019 (2,840 publications) Alternate method of notification None _____________________________________________________________________ _____________________________________________________________________ Rule IDAPA 31.41.01.403.02 Record of Complaints: Number received by Company 0 Category of complaints (if known): Deposit Disputes 0 Charges on Bill 0 Denial/Termination 0 Quality or Availability 0 of Service Carrier Selection/Assignment 0 Miscellaneous 0 Rev 3/02 Page 20 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Customer Relations CERTIFICATE State of Montana ) ) ss County of Missoula ) WE, the undersigned Chief Financial Officer of the Fremont Telcom utility, 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 and every matter and thing therein set forth, to the best of our knowledge, information and belief. ___________________________________________ Stacey Mueller Chief Financial Officer Subscribed and Sworn to Before Me this 15th day of May, 2020. Notary Public My Commission expires ______________________ , (Year) __________. Rev 3/02 gdk/excel/jnelson/anulrpts/telannualrpt Page 21 C:\Users\huberb\AppData\Roaming\Microsoft\Excel\Fremont ANNUAL REPORT FORM FOR SM TELS 2019 (version 1) 5/15/2020 Certificate