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HomeMy WebLinkAbout2022Annual Report.pdfM lb -T ANNUAL REPORT OF NAME ADDRESS TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED 2022 ANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31,2022 COMPANY INFORMATION Exact name of utility:Midvale Telephone Company Address of principal office:PO Box 7 Midvale Idaho 83645 Telephone Number (Area Code -208)355-2211 Cities or towns served:Midvale,Lakeview,Stanley,Warren,Warm Lake,Yellow Pine,Weiser Name and title of officer having custody of the general corporate books of account: John Stuart,CEO Address of office where corporate books are kept and phone number: 2205 Keithley Creek Rd,Midvale,Idaho 83645 and (208)-355-2211 Organized under the laws of the State of:Idaho Date of organization:March 19,1959 Form of organization (proprietorship,association,corporation):S Corporation If a Subchapter S Corporation,please specify:S Corporation Name and address of controlling company,if any: Midvale Telephone Exchange,Inc. Names of affiliated companies.Give address and description of business: Syringa Networks,3795 Development Avenue,Boise ID 83705 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 President/CEO John Stuart PO Box 7,Midvale ID 83645 Vice Pres./COO Dennis Farrington PO Box 7,Midvale ID 83645 Secretary/Treasure Nick Rynearson PO Box 7,Midvale ID 83645 Chairman Bruce Goslovich 10069 W.Quail Stome St.Boise ID 83709 Vice Chairman Gary Horton 782 E.Cinnabar Dr.Cottonwood,AZ 86326 Director Marsha Smith 9639 W.Carolina Drive Boise Idaho 83709 Director John Stuart PO Box 7,Midvale ID 83645 Director Jason Robinson 1101 N.Camelot Drive Boise Idaho 83704 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 Current Term Meetings Attended Fees Paid Name Will Expire This year During Year Bruce Goslovich 2023 4 Confidential Marsha Smith 2023 4 Confidential Jason Robinson 2025 4 Confidential Gary Horton 2025 4 Confidential John Stuart Exempt 4 Confidential Name of Chairman of the Board:Bruce Goslovich Name of Secretary (or Clerk)of Board:Gary Horton Number of Meetings of the Board during the year:4 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 John Stuart Chief Executive Officer Confidential Nick Rynearson Chief Financial Officer Confidential Dennis Farrington Chief Operations Officer Confidential Jesse Whitner ID Operations Manager Confidential Matt Teague AZ Operations Manager Confidential Diana Holmes HR Manager Confidential Missy Harrison CSR Manager Confidential Stacy Morris Tech Support Manager Confidential Rev 3/02 Page 2 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 SHEETAssetsandOtherDebits Balance Balance increaseBeginningatEndorTitleofAccountofYearofYear(Decrease)Current Assets 1120 Cash and Equivalents 1,861,687 2,334,673 472,986 1130 Cash - 1140 Special Cash Deposits - 1150 Working Cash Advances - 1160 Temporary Investments - 1180 TelecommunicationsAccts.Receivable 345,825 413,114 67,2891181Accts.Rec.Allow.-Telecommunications - 1190 Other Accounts Receivable 801,217 868,699 67,4821191AccountsReceivableAllow.-Other - 1200 Notes Receivable - 1201 Notes ReceivableAllowance - 1210 Interest &Dividends Receivable - 1220 Material and Supplies 598,211 768,140 169,9291280Prepayments172,968 367,487 194,519 1290 Prepaid Rents - 1300 Prepaid Taxes - 1310 Prepaid Insurance - 1320 Prepaid Directory Expenses - 1330 Other Prepayments - 1350 Other Current Assets - Noncurrent Assets 1401 Investmentin Affiliated Companies 5,016,997 5,449,580 432,583 1402 Investmentin Nonaffiliated Companies 77,136 75,100 (2,036)1406 NonregulatedInvestments 60,825 -(60,825) 1407 UnamortizedDebt Issuance Expense - 1408 Sinking Funds - 1410 Other NoncurrentAssets - 1438 DeferredMaintenance&Retirements - 1439 DeferredCharges - 1500 Other Jurisdiction Assets -Net - Property,Plant and Equipment 2001 TelecommunicationsPlants in Service 49,782,377 50,822,108 1,039,731 2002 Prop.Held for Future Telecom.Use 121,533 40,991 (80,542)2003 Telecom.Plant under Constr.-Short Term 1,554,076 3,431,339 1,877,2632004Telecom.Plant under Constr.-Long Term - 2005 Telecom.Plant Adjustment - 2006 Nonoperating Plant 3,552,526 4,062,753 510,2272007Goodwill- Depreciation and Amortization Accounts 3100 Accumulated Depreciated (35,022,976)(35,327,839)(304,863) 3200 Accum.Depre.-Held for Future Use (83,024)(10,863)72,1613300AccumulatedDepreciation-Nonoperating (2,182,421)(2,461,671)(279,250) 3400 Accumulated Amortization -Tangible - 3410 Accum.Amort.-Capitalized Leases - 3420 Accum.Amort.-Leasehold Improvements - 3500 Accumulated Amortization -Intangible - 3600 AccumulatedAmortization -Other - TOTAL ASSETS 26,656,957 30,833,611 4,176,654 Rev 3/02 Page 4 BALANCE SHEET Liabilities &Stockholders'Equity Balance Balance Increase Beginning at End orTitleofAccountofYearofYear(Decrease) Current Liabilities 4010 Accounts Payable 592,772 563,789 (28,983)4020 Notes Payable - 4030 Advance Billings and Payments 271,683 313,872 42,189 4040 Customer Deposits - 4050 Current Maturities -Long -Term Debt 1,125,909 1,371,765 245,8564060CurrentMaturities-Capital leases - 4070 Income Taxes -Accrued - 4080 Other Taxes -Accrued - 4100 Net Current Defer.Oper.Income Taxes - 4110 Net Current Defer.Nonoper.Income Taxes - 4120 Other Accrued Liabilities 199,741 224,249 24,5084130OtherCurrentLiabilities- Long-Term Debt 4210 Funded Debt 9,124,765 10,933,594 1,808,8294220PremiumonLong-Term Debt - 4230 Discount on Long-Term Debt - 4240 Reacquired Debt - 4250 Obligations Under Capital Leases - 4260 Advances from Affiliated Companies - 4270 Other Long-Term Debt - Other Liabilities &Deferred Credits - 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 - 4350 Net Noncur.Defer.Nonoper.Income Taxes - 4360 Other Deferred Credits - 4370 Other Juris.Liab.&Def.Credits -Net - Stockholders'Equity - 4510 Capital Stock 32,910 32,910 - 4520 Additional Paid-In Capital - 4530 Treasury Stock - 4540 Other Capital - 4550 Retained Earnings 15,309,177 17,393,432 2,084,255 TOTAL LIAB.&OTHER CREDITS 26,656,957 30,833,611 4,176,654 Rev 3/02 Page 5 AN A L Y S I S OF TE L E C O M M U N I C A T I O N S PL A N T IN SE R V I C E TO T A L Co m p a n y Ba 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 ye a r or So l d Ad j u s t m e n t s of Ye a r An a l y s i s of Te l e c o m m u n i c a t i o n s Pl a n t in Se r v i c e 21 1 1 La n d 40 8 , 9 8 7 19 , 0 9 3 42 8 , 0 8 0 21 1 2 Mo t o r Ve h i c l e s 1, 3 8 6 , 4 2 8 19 4 , 7 8 0 (4 6 , 5 4 0 ) (1 0 , 1 4 2 ) 1, 5 2 4 , 5 2 6 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 2, 1 2 4 , 3 8 3 25 7 , 1 2 8 (9 0 , 8 9 9 ) 2, 2 5 0 2, 2 9 2 , 8 6 2 21 1 6 Te s t Eq u i p m e n t 29 6 , 4 5 8 24 , 7 7 0 (4 , 7 7 0 ) 31 6 , 4 5 8 21 2 1 Bu i l d i n g s 2, 0 5 6 , 5 7 0 2, 0 5 6 , 5 7 0 21 2 2 Fu r n i t u r e 58 , 3 1 3 (1 3 , 3 2 3 ) 44 , 9 9 0 21 2 3 Of f i c e Eq u i p m e n t 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 30 1 , 8 9 0 36 , 7 3 6 33 8 , 6 2 6 22 1 1 An a l o g Ele c t r o n i c Sw i t c h i n g 22 1 2 Dig i t a l El e c t r o n i c Sw i t c h i n g 2, 7 9 2 , 2 7 2 10 , 2 8 3 (5 3 2 , 6 1 3 ) 7, 8 9 2 2, 2 7 7 , 8 3 4 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g - 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 84 , 8 2 0 17 , 3 2 3 10 2 , 1 4 3 22 3 2 Ci r c u i t Eq u i p m e n t 6, 2 6 7 , 9 3 6 1, 0 4 0 , 8 8 6 (3 8 0 , 4 6 8 ) 5, 6 8 3 6, 9 3 4 , 0 3 7 22 3 2 ON T Eq u i p m e n t 2, 4 9 3 , 5 6 9 25 7 , 2 1 7 (4 0 0 , 2 5 2 ) 2, 3 5 0 , 5 3 4 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 92 8 92 8 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 24 1 1 Po l e s - - 24 2 1 Ae r i a l Ca b l e 24 2 2 Un d e r g r o u n d Ca b l e 24 2 3 Bu r i e d Ca b l e 31 , 1 3 6 , 2 8 6 1, 9 7 2 , 4 4 5 (1 , 3 2 7 , 7 5 3 ) 31 , 7 8 0 , 9 7 8 24 2 3 Ma p p i n g Pr o g r a m 34 3 , 3 7 2 34 3 , 3 7 2 24 2 4 Su b m a r i n e Ca b l e - - 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 24 3 1 Ae r i a l Wir e 24 4 1 Co n d u i t Sy s t e m s - - 26 8 1 Ca p i t a l Le a s e s 28 1 , 3 3 2 28 1 , 3 3 2 26 8 2 Le a s e h o l d im p r o v e m e n t s 30 , 1 6 3 30 , 1 6 3 26 9 0 In t a n g i b l e s TO T A L PL A N T AC C O U N T S 50 , 0 6 3 , 7 0 7 3, 8 3 0 , 6 6 1 (2 , 7 9 6 , 6 1 8 ) 5, 6 8 3 51 , 1 0 3 , 4 3 3 Re v 3/ 0 2 Pa g e 6 AN A L Y S I S OF TE L E C O M M U N I C A T I O N S PL A N T AC C O U N T S ID A H O Op e r a t i o n s On l y 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 Ye a r or So l d Ad j u s t m e n t s of Ye a r An a l y s i s of Te l e c o m m u n i c a t i o n s Pl a n t in Se r v i c e 21 1 1 La n d 34 5 , 9 7 0 19 , 0 9 3 36 5 , 0 6 3 21 1 2 Mo t o r V e h i c l e s 82 1 , 4 4 8 14 3 , 9 2 8 (2 2 , 4 0 3 ) (8 4 , 3 4 0 ) 85 8 , 6 3 3 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 1, 4 6 8 , 4 0 6 13 9 , 5 5 0 (9 0 , 8 9 9 ) 2, 2 5 0 1, 5 1 9 , 3 0 7 21 1 6 Te s t Eq u i p m e n t 22 3 , 8 4 6 15 , 9 2 1 (4 , 7 7 0 ) 23 4 , 9 9 7 21 2 1 Bu i l d i n g s 1, 3 7 7 , 9 2 5 1, 3 7 7 , 9 2 5 21 2 2 Fu r n i t u r e 44 , 1 0 3 (1 0 , 2 2 1 ) 33 , 8 8 2 21 2 3 Of f i c e Eq u i p m e n t 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 24 2 , 5 2 4 30 , 6 3 4 27 3 , 1 5 8 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Di g i t a l El e c t r o n i c Sw i t c h i n g 1, 4 5 3 , 3 2 2 10 , 2 8 3 (5 2 4 , 9 3 5 ) 93 8 , 6 7 0 22 1 5 Ele c t r o - M e c h a n i c a l Sw i t c h i n g - - 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 22 3 2 Ci r c u i t Eq u i p m e n t 2, 6 4 9 , 0 1 8 98 3 , 1 3 7 (3 8 0 , 4 6 8 ) 5, 6 8 3 3, 2 5 7 , 3 7 0 22 3 2 ON T Eq u i p m e n t 88 8 , 0 0 5 98 , 4 2 3 (4 2 , 3 4 7 ) 94 4 , 0 8 1 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 92 8 92 8 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 24 1 1 Po l e s 24 2 1 Ae r i a l Ca b l e 24 2 2 Un d e r g r o u n d Ca b l e 24 2 3 Bu r i e d Ca b l e 14 , 9 6 9 , 9 6 5 1, 6 8 2 , 4 9 9 (7 2 6 , 4 2 1 ) (4 0 , 9 7 3 ) 15 , 8 8 5 , 0 7 0 24 2 3 Ma p p i n g Pr o g r a m 19 2 , 7 9 7 19 2 , 7 9 7 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s 26 8 1 Ca p i t a l Le a s e s 20 0 , 7 8 3 20 0 , 7 8 3 26 8 2 Le a s e h o l d Im p r o v e m e n t s - 26 9 0 In t a n g i b l e s TO T A L PL A N T AC C O U N T S 24 , 8 7 9 , 0 4 0 3, 1 2 3 , 4 6 8 (1 , 8 0 2 , 4 6 4 ) (1 1 7 , 3 8 0 ) 26 , 0 8 2 , 6 6 4 Re v 3 / 0 2 Pa g e 7 AN A L Y S I S OF EN T R I E S IN AC C U M U L A T E D DE P R E C I A T I O N Ac c o u n t 31 0 0 TO T A L Co m p a n y Ba s i s Ba l a n c e Cr e d i t s Re t i r e m e n t s Ba l a n c e Be g i n n i n g De p r e c i a t i o n Du r i n g an d En d of Ye a r Ra t e * Ye a r Ad j u s t m e n t s of Ye a r An a l y s i s of En t r i e s in Ac c u m u l a t e d De p r e c i a t i o n 21 1 2 Mo t o r Ve h i c l e s 1, 1 7 0 , 0 1 2 25 % 18 9 , 5 7 4 (4 3 , 5 3 0 ) 1, 3 1 6 , 0 5 6 21 1 3 Ai r c r a f t - - 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s - - 21 1 5 Ga r a g e Wo r k Eq u i p m e n t - - 21 1 6 Ot h e r Wo r k Eq u i p m e n t 1, 9 4 8 , 0 5 5 20 % 19 7 , 3 4 3 (7 0 , 8 9 9 ) 2, 0 7 4 , 4 9 9 21 1 6 Te s t Eq u i p m e n t 29 6 , 4 5 7 20 % 3, 8 2 3 (4 , 7 7 0 ) 29 5 , 5 1 0 21 1 6 Le a s e ho l d eq u i p m e n t 30 , 1 6 3 20 % 30 , 1 6 3 21 2 1 Bu i l d i n g s 1, 2 9 6 , 8 0 2 3% 58 , 9 8 3 1, 3 5 5 , 7 8 5 21 2 2 Fu r n i t u r e - - 21 2 3 Of f i c e Eq u i p m e n t 58 , 3 1 4 14 % (1 3 , 3 2 3 ) 44 , 9 9 1 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 25 9 , 7 9 8 20 % 69 , 3 6 9 32 9 , 1 6 7 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g - - 22 1 2 Di g i t a l El e c t r o n i c Sw i t c h i n g 2, 6 6 9 , 8 7 8 12 . 5 % 30 , 6 5 4 (5 3 2 , 6 1 3 ) 2, 1 6 7 , 9 1 9 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g - 22 2 0 Op e r a t o r Sy s t e m s - - 22 3 1 Ra d i o Sy s t e m s 4, 1 8 1 10 % 4, 1 8 1 22 3 2 Ci r c u i t Eq u i p m e n t 5, 1 2 5 , 6 1 5 10 % 62 0 , 2 2 9 (3 8 0 , 4 6 8 ) 5, 3 6 5 , 3 7 6 22 3 2 ON T Eq u i p m e n t 2, 2 3 7 , 0 4 4 20 % 34 0 , 0 0 9 (4 0 0 , 2 5 2 ) 2, 1 7 6 , 8 0 1 23 1 1 St a t i o n Ap p a r a t u s - 10 % - 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g - - 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s - 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 92 8 10 % 92 8 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t - 24 1 1 Po l e s - 24 2 1 Ae r i a l Ca b l e - - 24 2 2 Un d e r g r o u n d Ca b l e - - 24 2 3 Bu r i e d Ca b l e 19 , 6 4 8 , 4 3 6 6. 7 % 1, 4 9 5 , 5 1 8 (1 , 3 2 7 , 7 5 3 ) 19 , 8 1 6 , 2 0 1 24 2 3 Ma p p i n g Pr o g r a m 27 7 , 2 9 4 20 % 63 , 1 5 3 34 0 , 4 4 7 24 2 4 Su b m a r i n e Ca b l e - 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e - 24 3 1 Ae r i a l Wi r e - - 24 4 1 Co n d u i t Sy s t e m s - - TO T A L 35 , 0 2 2 , 9 7 7 3, 0 6 8 , 6 5 5 (2 , 7 7 3 , 6 0 8 ) 35 , 3 1 8 , 0 2 4 Re v 3/ 0 2 Pa g e 8 AN A L Y S I S OF EN T R I E S IN AC C U M U L A T E D DE P R E C I A T I O N Ac c o u n t 31 0 0 ID A H O Op e r a t i o n s On l y Ba l a n c e Cr e d i t s Re t i r e m e n t s Ba l a n c e Be g i n n i n g De p r e c i a t i o n Du r i n g an d En d of Ye a r Ra t e * Ye a r Ad j u s t m e n t s of Ye a r An a l y s i s of En t r i e s in Ac c u m u l a t e d De p r e c i a t i o n 21 1 2 Mo t o r Ve h i c l e s 82 1 , 4 4 8 25 % 76 , 1 8 5 (2 2 , 4 0 3 ) 87 5 , 2 3 0 21 1 3 Ai r c r a f t - - 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t - 21 1 6 Ot h e r Wo r k Eq u i p m e n t 1, 4 6 2 , 2 5 8 20 % 13 0 , 0 6 3 (7 0 , 8 9 9 ) 1, 5 2 1 , 4 2 2 21 1 6 Te s t Eq u i p m e n t 22 3 , 8 4 7 20 % (4 , 7 7 0 ) 21 9 , 0 7 7 21 1 6 Le a s e h o l d Im p r o v e m e n t s - 21 2 1 Bu i l d i n g s 82 7 , 2 8 1 20 % 41 , 3 3 8 86 8 , 6 1 9 21 2 2 Fu r n i t u r e - - 21 2 3 Of f i c e Eq u i p m e n t 44 , 1 0 3 14 % (1 0 , 2 2 1 ) 33 , 8 8 2 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 20 6 , 0 6 7 20 % 58 , 6 1 2 26 4 , 6 7 9 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g - - 22 1 2 Di g i t a l El e c t r o n i c Sw i t c h i n g 1, 4 5 3 , 3 2 4 12 . 5 % (5 2 4 , 9 3 5 ) 92 8 , 3 8 9 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g - - 22 2 0 Op e r a t o r Sy s t e m s - - 22 3 1 Ra d i o Sy s t e m s 1, 6 5 9 10 % 1, 6 5 9 22 3 2 Ci r c u i t Eq u i p m e n t 2, 3 0 9 , 0 2 8 10 % 26 6 , 3 1 2 (3 8 0 , 4 6 8 ) 2, 1 9 4 , 8 7 2 22 3 2 ON T Eq u i p m e n t 71 7 , 8 6 0 20 % 18 3 , 5 2 6 (4 2 , 3 4 7 ) 85 9 , 0 3 9 23 1 1 St a t i o n Ap p a r a t u s 0 10 % 0 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g - - 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s - - 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 92 8 10 % 92 8 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t - - 24 1 1 Po l e s - - 24 2 1 Ae r i a l Ca b l e - - 24 2 2 Un d e r g r o u n d Ca b l e - - 24 2 3 Bu r i e d Ca b l e 8, 6 8 0 , 0 5 0 6. 7 % 62 6 , 2 2 7 (7 2 6 , 4 2 1 ) 8, 5 7 9 , 8 5 6 24 2 3 Ma p p i n g Pr o g r a m 15 9 , 7 5 9 20 % 33 , 0 3 8 19 2 , 7 9 7 24 2 4 Su b m a r i n e Ca b l e - - 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e - 24 3 1 Ae r i a l Wi r e - 24 4 1 Co n d u i t Sy s t e m s - TO T A L 16 , 9 0 7 , 6 1 4 1, 4 1 5 , 3 0 1 (1 , 7 8 2 , 4 6 4 ) 16 , 5 4 0 , 4 5 1 *P l e a s e li s t in d i v i d u a l de p r e c i a t i o n ra t e fo r ea c h ac c o u n t . Re v 3/ 0 2 Pa g e 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. BookCostof BookCostof Investments Investments Disposed of Held at Description Date Acquired This year End of Year Rural Telephone Finance Company 1993 72,100 NECA Services,Inc.10/2000 3,000 SYRINGA Cash Investment 9/2000 5,449,580 Totals 5,524,680 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 Year Notes Accounts Name of Company Receivable Receivable Subscribers 413,114 Idaho USF 29,232 NECA 794,790 Carriers 14,833 Misc Non Reg 29,844 Totals 1,281,813 Rev 3/02 Page 10 NOTES PAYABLE For Notes Payable,list each note separately and include the maturity date and interest rate. Interest Name of Creditor Date of Note Rak Due Date Face Amount Totals - ACCOUNTS PAYABLE Report below all Accounts Payable amounting to more than $100.00 Name of Creditor Amount See Attached List 537,385 Totals 537,385 Rev 3/02 Page 11 Open Invoices 12/31/2022 Description Amount ALDRICH SERVICES LLP 11,000.00 AMERIBEN SOLUTIONS/IEC GROUP 847.50 APA BENEFITS INC.4,174.35 ARIZONA PUBLIC SERVICE CO 158.05 ARIZONA PUBLIC SERVICE COMPAN 4,797.87 ARIZONA UNIVERSAL SERVICE FUN 83.43 AUSTEN THOMASON 44.00 AVISTA UTILITIES 285.58 BANKCARD CENTER -ZIONS 25,765.21 BENNETT OIL 261.64 CAMBRIDGE LUMBER INC.48.74 CENTURYLINK 1,030.31 CITY OF BENSON 71.28 CITY OF WEISER 348.08 CLEAR CREEK DISPOSAL 263.05 COMPUTER TECHNOLOGY,INC 7,203.90 CORE TELECOM SYSTEMS INC 3,025.36 DEX MEDIA WEST LLC 356.50 DIANE HIGGINS 50.00 DOMINIC AUBREY 50.00 ESPi 1,834.50 FARMER'S SUPPLY COOPERATIVE 3,240.40 FEDEX 101.93 GRANITE PORTABLES &SEPTIC 106.00 GRASSHOPPER LANDSCAPING &MAI 3,990.81 HARDIN SANITATION 155.47 HATA ELECTRIC 530.13 HAWLEY TROXELL ENNIS &HAWLEY 1,295.00 HOMETOWN MOTORS 122.18 IDAHO POWER 3,341.96 IDAHO SMALL BUSINESS MARKETIN 7,404.09 INTERMOUNTAIN GAS COMPANY 371.54 K HARDWARE,INC 34.40 KELLEY BRUCE 50.00 KRIEG DeVAULT LLP 1,615.00 MONTE R.LEE &COMPANY 40,386.41 MOUNTAIN VILLAGE 308.73 NAMES AND NUMBERS 648.00 NEUSTAR INFORMATION SERVlCES 208.84 ONE CALL CONCEPTS,INC 1.14 PATRIOT DISPOSAL INC 80.25 POMERENE DOMESTIC WATER 30.41 POWER PRODUCT SERVICES INC 16,354.82 REP COM INTERNATIONAL LLC 10,303.70 RUTHERFORD DIVERSIFIED INDUST 337,341.20 SALMON RIVER ELECTRIC COOPERA 1,167.35 SALMON RIVER PROPANE INC 977.86 SHIRTS N STUFF EMBROIDERY DES 305.18 SOFTCHOICE CORPORATION 1,348.48 SPARKLETTS 101.21 SRP 472.36 STUART C IRBY CO 213.49 SULPHUR SPRINGS VALLEY 1,805.68 SYRINGA NETWORKS,LLC 3,303.00 TED DOGGETT 50.00 TELCORDIA TECHNOLOGIES 292.15 TOLY DIGITAL NETWORKS INC.3,116.52 TOWN OF PRESCOTT VALLEY 23.03 TRANSACTION NETWORK SERVICES 450.00 TREASURE VALLEY COFFEE,INC 29.15 U.S.BANK EQUIPMENT FINANCE 1,190.94 UNIVERSAL SERVICE ADMINISTRAT 7,846.37 UNS GAS,INC.136.41 USIC HOLDINGS,LLC 3,376.23 VERIZON WIRELESS 4,435.37 VEXX INC.15,921.20 WEISER AUTO PARTS 251.26 WEISER SIGNAL AMERICAN 720.00 WIENHOFF DRUG TESTING 130.00 537,385.00 LO N G - TE R M DE B T Ac c o u n t s 42 1 0 , 42 4 0 , 42 5 0 , 42 6 0 , 42 7 0 an d 43 1 0 Lis t th e re q u i r e d da t a fo r ea c h ob l i g a t i o n in c l u d e d in th e s e ac c o u n t s , gr o u p i n g th e m by ac c o u n t nu m b e r an d sh o w i n g to t a l s fo r ea c h ac c o u n t . If an y ob l i g a t i o n s ma t u r e se r i a l l y or ot h e r w i s e at va r i o u s da t e s , gi v e pa r t i c u l a r s in a no t e . Da t e Da t e Fa c t Pr e m i u m / Di s c o u n t Cl a s s & Se 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 fo r ye a r of Ob l i g a t i o n Is s 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 B Am o u n t RU S A 8/ 7 / 1 9 8 0 8/ 7 / 2 0 1 5 1, 0 6 8 , 0 0 0 - 2% In c l u d e d be l o w RU S E 6/ 1 / 1 9 9 2 6/ 1 / 2 0 1 6 25 2 , 0 0 0 - 5% In c l u d e d be l o w RU S F 9/ 2 9 / 1 9 9 4 9/ 2 9 / 2 0 1 4 3, 3 1 2 , 0 0 0 - 5% in c l u d e d be l o w RU S G 2/ 1 / 2 0 0 2 2/ 1 / 2 0 1 6 5, 6 9 5 , 0 0 0 - 5% In c l u d e d be l o w RU S H 9/ 4 / 2 0 0 7 9/ 4 / 2 0 2 6 8, 9 2 1 , 5 0 8 2, 7 5 9 , 5 3 7 5% In c l u d e d be l o w RU S K 10 / 1 / 2 0 1 7 9/ 3 0 / 2 0 3 5 12 , 5 9 1 , 0 0 0 8, 7 1 3 , 9 1 6 0. 8 2 % - 2. 5 4 % In c l u d e d be l o w BI P - YO U N G PR O J . 9/ 2 0 / 2 0 1 0 9/ 2 0 / 2 0 3 3 64 4 , 0 4 5 38 9 , 0 1 6 2. 7 1 % - 3. 6 0 % In c l u d e d be l o w BI P - ST A N L E Y PR O J 9/ 2 1 / 2 0 1 0 9/ 2 0 / 2 0 3 3 38 0 , 7 5 1 23 5 , 6 5 8 2. 7 1 % -2 . 7 9 % In c l u d e d be l o w BI P - HE N D E R S O N PR O J 9/ 2 2 / 2 0 1 0 9/ 2 0 / 2 0 3 5 33 4 , 9 2 4 20 7 , 2 3 2 2. 4 0 % - 2. 8 5 % In c l u d e d be l o w 40 5 0 Cu r r e n t Ma t u r i t i e s - Lo n g -T e r m De b t (1 , 3 7 1 , 7 6 5 ) TO T A L 10 , 9 3 3 , 5 9 4 Re v 3/ 0 2 Pa g e 12 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 ornoncumulative. 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 Stock Authorized per Share Shares Amount COMMON 10,000 N/A 1,000 32,910 Rev 3/02 Page 13 INCOME &RETAINED EARNINGS STATEMENT Item Total Company Idaho Only Total Operating Income (from page 16)10,636,337 4,937,681 Total Operating Expenses (from page 18)(9,810,779)(4,201,310) 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 (150,355)(46,595) 7250 Provision for Deferred Operating Income Taxes-Net 7200 Operating Taxes (Total)(150,355)(46,595) 7310 Dividend Income 7320 Interest Income -- 7330 Income from Sinking and Other Funds 7340 Allowance for Funds Used During Construction 34,996 20,571 7350 Gains/Losses from the Disposition of Certain Property 7360 Other Nonoperating Income 1,305,275 1,305,275 7370 Special Charges 7300 Nonoperating Income and Expense 1,340,271 1,325,846 7410 Nonoperating Investment Tax Credits-Net 7420 Nonoperating Federal Income Taxes (2,640)(20) 7430 Nonoperating State and Local Income Taxes 7440 Nonoperating Other Taxes 7450 Provision for Deferred Nonoperating Income Taxes-Net 7400 NonoperatingTaxes (2,640)(20) 7510 Interest on Funded Debt (284,068)(87,641) 7520 Interest Expense-Capital Leases 7530 Amortization of Debt Issuance Expense 7540 Other Interest Deductions 7500 Interest and Related Items (284,068)(87,641) 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 355,489 (133,887) AMOUNT TRANSFERRED TO RETAINED EARNINGS 2,084,255 1,794,074 Rev 3/02 Page 14 OPERATING REVENUES Item Total Company Idaho Only Local Network Services Revenues 5001 Basic Area Revenue 600,499 289,756 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)205,827 86,112 5082 Switched Access Revenue (Interstate)7,086,743 3,154,067 5083 Special Access Revenue 2,200,956 982,274 5084 State Access Revenue (Intrastate)404,734 378,196 Long Distance Network Services Revenues 129,765 44,382 5100 Long Distance Message Revenue -All Miscellaneous Revenues 5230 Directory Revenue 6,226 1,947 5240 Rent Revenue 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 5270 Carrier Billing &Collection Revenue Uncollectible Revenues 5301 Uncollectible Revenue -Telecommunications 789 149 5302 Uncollectible Revenue -Other 798 798 TOTAL OPERATING REVENUES 10,636,337 4,937,681 Please identify the following revenues: NECA USF $1,542,696.To what account were they booked?5082 State USF $350,785.To what account were they booked?5084 Rev 3/02 Page 15 OPERATING REVENUES Item Total Company Idaho Only Plant Specific Operations Expense 6110 Network Support Expenses 6112 Motor Vehicle Expense 2,453 981 6113 Aircraft Expense 6114 Special PurposeVehicles Expense 6115 Garage Work Equipment Expense 6116 Other Work Equipment Expense 6120 General Support Expenses 101,142 72,419 6121 Land and Building Expenses 6122 Furniture and Artworks Expense 6123 Office Equipment Expense 6124 General Purpose Computers Expense 245,519 114,434 6210 Central Office Switching Expenses 211,771 82,150 6211 Analog Electronic Expense 6212 Digital Electronic Expense 6215 Electro-Mechanical Expense 6220 Operators System Expense 6230 Central Office Transmission Expenses 2,415,803 904,206 6231 Radio Systems Expense 11,890 6232 Circuit Equipment Expense 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 1,350,221 603,870 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 TOTAL PLANT SPECIFIC OPERATIONS EXPENSE 4,338,799 1,778,060 Rev 3/02 Page 16 OPERATING REVENUES Item Total Company Idaho Only Plant Nonspecific Operations Expense 6510 Other Property/Plant/Equipment 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 324,045 120,288 6535 Engineering Expense 40,953 16,439 6540 Access Expense 152,558 61,023 6560 Depreciation and Amortization Expenses 6561 Depreciation Expense-Telecom.Plant in Service 3,159,009 1,495,843 6562 Depreciation Expense-Property Held for Future Use (72,161)(72,161) 6563 Amortization Expense -Tangible 6564 Amortization Expense -Intangible 6565 Amortization Expense -Other Total Plant Nonspecific Operations Expenses 3,604,404 1,621,432 Customer Operations Expense 6610 Marketing 253,561 126,110 6611 Product Management 6612 Sales 6613 Product Advertising 6620 Services 6621 Call Completion Services -- 6622 Number Services 8,971 6,535 6623 Customer Services 289,378 121,848 Total Customer Operations Expense 551,910 254,493 Corporate Operations Expense 6710 Executive and Planning 228,726 93,259 6711 Executive 6712 Planning 6720 General and Administrative 6721 Accounting and Finance 699,434 285,148 6722 External Relations 6723 Human Resources 6724 Information Management 6725 Legal 31,587 10,836 6726 Procurement 6727 Research and Development 6728 Other General and Administrative 355,919 158,082 6790 Provision for Uncollectible Notes Receivable Total Corporate Operations Expense 1,315,666 547,325 TOTAL OPERATING EXPENSES 9,810,779 4,201,310 Rev 3/02 Page 17 CE N T R A L OF F I C E DA T A as of De c e m b e r 31 , 20 2 1 (u n l e s s ot h e r w i s e in d i c a t e d ) Na m e of Ce n t r a l Of f i c e : Mi d v a l e , La k e v i e w , St a n l e y , Wa r r e n , Wa r m La k e , Ye l l o w Pi n e Pr e f i x (e s ) : 35 5 , 2 2 2 , 7 7 4 , 6 3 6 , 6 3 2 , 6 3 3 Ce n t r a l Of f i c e Sw i t c h Ty p e : Mi d v a l e , St a n l e y , La k e v i e w , & Wa r m La k e - Ta q u a T- 7 0 0 0 . Wa r r e n & Ye l l o w Pi n e - Re d c o m MD X Ch e c k al l th a t ap p l y : Ch e c k on e : Ch e c k on e : St a n d Al o n e _ x Di g i t a l _ x _ El e c t r o n i c _ x Ho s t An a l o g _ El e c t r o - M e c h a n i c a l Re m o t e Ot h e r : Ac c e s s Li n e Ca p a c i t y Ac c e s s Li n e s in Us e De s i g n : 22 2 , 3 5 5 , 6 3 2 , 7 7 4 - 10 , 0 0 0 . 63 3 & 6 3 6 - 1, 0 0 0 Cu s t o m e r Li n e s : 64 9 (I n c l u d e Ce n t r e x , PA L , Se m i - P u b . ) In s t a l l e d / E q u i p p e d : Sa m e Pu b l i c Te l e p h o n e Lin e s 1_ 1 Co m p a n y Of f i c i a l Li n e s 35 Co m p a n y Te s t Li n e s 55 Cl a s s i f i c a t i o n of Cu s t o m e r Ac c e s s Re s i d e n c e Bu s i n e s s Mu l t i - Si n g l e Li n e Mu l t i - Si n g l e Li n e To t a l Li n e Mu l t i - 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 1- P a r t y 1- P a r t y Pa r t y Re s i d e n c e N. A . R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & Bu s i n e s s Be g i n n i n g of Ye a r 59 6 59 6 66 61 12 7 72 3 Ne w Co n n e c t s 12 3 12 3 8 23 31 15 4 Di s c o n n e c t s -1 9 5 -1 9 5 -2 0 -1 3 -3 3 -2 2 8 En d of Y e a r 52 4 52 4 54 71 12 5 64 9 Fo r e i g n Ex c h a n g e : Di r e c t o r y Li s t i n g s : Di a l To n e fr o m th i s C. O . : NA Nu m b e r of Cu s t o m e r s wi t h No n p u b l i s h e d or No n l i s t e d : _ 6 7 Di a l To n e fr o m an o t h e r C. O . : NA Cu s t o m Ca l l i n g : Nu m b e r of cu s t o m e r s wi t h at le a s t on e fe a t u r e : 40 8 To t a l nu m b e r of fe a t u r e s su b s c r i b e d to : _ 8 Re v 3/ 0 2 Pa g e 18 NU M B E R OF CA L L S CO M P L E T E D BY CU S T O M E R S DU R I N G (Y e a r ) R. Av e r a g e # Lo c a l Ca l l s To l l Ca l l s Or i q i n a t e d (T o t a l of al l Ca r r i e r s ) of Cu s t o m e r Nu m b e r Av g . / Av g . / Lo c a l Ex c h a n g e Li n e s in Us e (1 0 0 0 s ) Li n e In t r a s t a t e In t e r s t a t e To t a l Li n e 1 22 2 - La k e v i e w 32 N/ A N/ A 29 2, 6 7 3 2, 7 0 2 84 2 35 5 - Mi d v a l e 25 9 N/ A N/ A 1, 4 8 6 5, 1 7 4 6, 6 6 0 26 3 63 2 - Wa r m La k e 48 N/ A N/ A 25 1 2, 6 7 6 2, 9 2 7 61 4 63 3 - Ye l l o w Pi n e 61 N/ A N/ A 14 5 2, 1 9 8 2, 3 4 3 38 5 63 6 - Wa r r e n 86 N/ A N/ A 3, 3 8 9 4, 1 4 0 7, 5 2 9 88 6 77 4 - St a n l e y 37 3 N/ A N/ A 13 , 1 7 5 43 , 2 0 4 56 , 3 7 9 15 1 7 8 9 10 11 12 13 14 15 16 17 18 Re v 3/ 0 2 Pa g e 19 ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES YEAR ENDED DECEMBER 31,2021. 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 No_x Date of notification 2/2/2022 Alternate method of notification Annual Notice was mailed to customers with their Feb monthly bill. Rule IDAPA 31.41.01.403.02 Record of Complaints: Number received by Company 0 Category of complaints (if known): Deposit Disputes Charges on Bill Denial/Termination Quality or Availability of Service Carrier Selection/Assignment Miscellaneous Rev 3/02 Page 20 CERTIFICATE State of Idaho ) )ss County of Washington ) WE,the undersigned John Stuart and Nick Rynearson of the Midvale Telephone Company 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. (Chief Officer) (Office harge of Accounts) scribed and Sworn to Before Me this day of ,(Year). SUSAN SAMSON ..NOTARY PUBUC -STATE OF IDAHO ry Public COMMISSl0NNUMBER47503 MY COMMISSION EXPIRES 10-22-2024 My Commission expires ,(Year) Rev 3/02 gdklexcel/jnelsonlanulrpts/telannualrpt Page 21 e e