2022Annual Report.pdf

ANNUAL REPORT
OF
Rural Telephone Company
NAME
892 W Madison Ave Glenns Feryv.Idaho 8%23ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2022
RUR-T
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:Rural Telephone Company
Address of principal office:892 W.Madison Ave.,Glenns Ferry,ID 83623-2372
Telephone Number Area Code [phone] E-mail address:[e-mail]
Cities or towns served:Shoup,Boise River,Tipanuk,Three Creek,Atlanta,Prairie
Name and title of officer having custody of the general corporate books of account:
James R.Martell,President
Address of office where corporate books are kept and phone number:Same as Above
Organized underthe laws of the State of:Idaho
Date of organization:7/27/1979
Form of organization (proprietorship,association,corporation):Corporation
If a Subchapter S Corporation,please specify:
Name and address of controlling company,if any:Martell Enterprises,Inc.
892 W.Madison Ave.,Glenns Ferry,ID 83623
Names of affiliated companies.Give address and description of business:
Pend Oreille Telephone Company -Same as Above
NehalemTelecommunications,Inc.-Same as Above
OFFICERS
Report belowthe 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 James R.Martell Same as Above
Vice President Michael J.Martell Same as Above
Sec/Treasurer Carmela M.Martell Same as Above
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
and Address
James R.Martell Non-Term 12 $18,000
Carmela M.Martell Non-Term 12 $12,000
Michael J.Martell Non-Term 12 $16,800
Angela Carpenter Non-Term 12 $12,000
Andrea Roberts Non-Term 12 $18,000
Mark R.Martell Non-Term 12 $12,000
Matthew Martell Non-Term 12 $12,000
Name of Chairman of the Board:James R.Martell
Name of Secretary (or Clerk)of Board:Carmela M.Martell
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 Title Wages and Bonuses Paid
James R.Martell President $100,000.08
Carmela M.Martell Sec./Treasurer $60,000.00
Michael J.Martell Vice President $104,000.00
Mark R.Martell Administrative Manager $101,986.00
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.
Implemented FASB ASC 842 Lease accounting standard.
Rev 3/02 Page 3
BALANCE SHEETAssetsandOtherDebits
Balance Balance increaseBegmnmgatEndor
Title Of Account of Year Of Year (Decrease)
Current Assets
1120 Cash and Equivalents 854,121.16 654,799.39 (199,321.77)
1130 Cash
1140 Special Cash Deposits
1150 Working Cash Advances
1160 TemporaryInvestments
1180 Telecommunications Accts.Receivable 101,794.16 95,088.52 (6,705.64)
1181 Accts.Rec.Allow.-Telecommunications
1190 Other Accounts Receivable 723,866.94 1,173,299.82 449,432.88
1191 Accounts Receivable Allow.-Other
1200 Notes Receivable
1201 Notes Receivable Allowance
1210 Interest &DividendsReceivable
1220 Material and Supplies 496,813.85 545,088.81 48,274.96
1280 Prepayments 9,000.22 12,766.01 3,765.79
1290 Prepaid Rents
1300 Prepaid Taxes 5,000.00 5,000.00 0.00
1310 Prepaid Insurance
1320 Prepaid Directory Expenses
1330 Other Prepayments
1350 Other Current Assets 0.00 0.00 0.00
Noncurrent Assets
1401 Investment in AffiliatedCompanies 9,712,726.94 10,021,055.53 308,328.59
1402 Investment in NonaffiliatedCompanies
1406 NonregulatedInvestments 3,040,751.23 3,302,719.04 261,967.81
1407 Unamortized Debt Issuance Expense 0.00 1,725,747.13 1,725,747.13
1408 Sinking Funds
1410 Other NoncurrentAssets 268,042.25 275,795.79 7,753.54
1438 Deferred Maintenance &Retirements
1439 Deferred Charges 878.04 556.92 (321.12)
1500 Other Jurisdiction Assets -NetProperty,Plant and Equipment
2001 Telecommunications Plants in Service 29,995,261.35 30,575,924.13 580,662.78
2002 Prop.Held for Future Telecom.Use 4,000.00 4,000.00 0.00
2003 Telecom.Plant under Constr.-Short Term 555,045.91 157,851.42 (397,194.49)
2004 Telecom.Plant under Constr.-Long Term
2005 Telecom.Plant Adjustment
2006 NonoperatingPlant
2007 GoodwillDepreciation and Amortization Accounts
3100 Accumulated Depreciated (24,625,479.34)(25,552,336.86)(926,857.52)
3200 Accum.Depre.-Held for Future Use
3300 Accumulated Depreciation-Nonoperating
3400 Accumulated Amortization -Tangible
3410 Accum.Amort.-CapitalizedLeases
3420 Accum.Amort.-Leasehold Improvements (341,268.53)
3500 Accumulated Amortization -Intangible
3600 Accumulated Amortization -Other
TOTAL ASSETS 21,141,822.71 22,656,087.12 1,855,532.94
Rev 3/02 Page 4
BALANCE SHEET
Liabilities &Stockholders'Equity
Balance Balance Increase
Beginning at End or
Title of Account of Year of Year (Decrease)
Current Liabilities
4010 Accounts Payable 551,453.21 371,537.56 (179,915.65)
4020 Notes Payable
4030 Advance Billings and Payments 46,089.12 46,094.12 5.00
4040 Customer Deposits (4,128.54)(10,308.00)(6,179.46)
4050 Current Maturities -Long -Term Debt 630,581.03 661,730.56 31,149.53
4060 Current Maturities -Capital leases
4070 Income Taxes -Accrued 120,742.16 (97,519.84)(218,262.00)
4080 Other Taxes -Accrued 36,577.26 (3,378.38)(39,955.64)
4100 Net Current Defer.Oper.IncomeTaxes
4110 Net Current Defer.Nonoper.Income Taxes
4120 Other Accrued Liabilities 174,308.98 185,230.65 10,921.67
4130 Other Current Liabilities 1,326,914.26 1,505,244.25 178,329.99
Long-Term Debt
4210 Funded Debt 1,915,680.06 1,382,509.42 (533,170.64)
4220 Premium on Long-Term Debt
4230 Discount on Long-Term Debt
4240 Reacquired Debt
4250 Obligations Under Capital Leases 0.00 1,383,269.39 1,383,269.39
4260 Advances from Affiliated Companies
4270 Other Long-Term Debt 270,699.51 130,996.76 (139,702.75)
Other Liabilities &Deferred Credits
4310 Other Long-Term Liabilities
4320 Unamort.Oper.Invest.Tax Credits -Net 88,926.00 100,533.00 11,607.00
4330 Unamort.Nonoper.Invest.Tax Credits -Net
4340 Net Noncurrent Defer.Oper.Income Taxes 571,676.00 463,728.00 (107,948.00)
4350 Net Noncur.Defer.Nonoper.Income Taxes 109,319.00 108,202.00 (1,117.00)
4360 Other Deferred Credits
4370 Other Juris.Liab.&Def.Credits -Net 228,056.00 178,114.00 (49,942.00)
Stockholders'Equity
4510 Capital Stock 56,900.00 56,900.00 0.00
4520 Additional Paid-In Capital 10,197.00 10,197.00 0.00
4530 Treasury Stock
4540 Other Capital
4550 Retained Earnings 15,007,831.66 16,183,006.63 1,175,174.97
TOTAL LIAB.&OTHER CREDITS 21,141,822.71 22,656,087.12 1,514,264.41
Rev 3/02 Page 5
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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
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
13
,
1
2
9
.
5
0
13
,
1
2
9
.
5
0
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
7,
5
0
0
,
9
6
1
.
3
9
76
,
8
5
0
.
4
7
7,
5
7
7
,
8
1
1
.
8
6
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
1,
6
2
6
,
1
9
5
.
0
5
63
,
6
7
8
.
8
8
1,
6
8
9
,
8
7
3
.
9
3
26
8
1
Ca
p
i
t
a
l
Le
a
s
e
s
26
8
2
Le
a
s
e
h
o
l
d
l
m
p
r
o
v
e
m
e
n
t
s
29
3
,
9
1
3
.
6
5
47
,
0
0
5
.
9
4
34
0
,
9
1
9
.
5
9
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
19
,
0
5
1
,
4
1
7
.
7
0
79
3
,
5
7
5
.
9
0
(3
8
9
,
4
1
3
.
8
3
)
0.
0
0
19
,
4
5
5
,
5
7
9
.
7
7
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
94
3
,
1
7
0
.
8
6
33
.
3
3
%
12
1
,
7
9
1
.
4
8
(4
7
,
6
3
9
.
4
2
)
1,
0
1
7
,
3
2
2
.
9
2
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
94
5
,
1
7
4
.
0
3
14
.
3
0
%
96
,
4
0
8
.
6
5
1,
7
9
2
.
8
6
1,
0
4
3
,
3
7
5
.
5
4
21
2
1
Bu
i
l
d
i
n
g
s
65
8
,
0
2
4
.
1
7
ID
3
.
0
%
,
NV
2
.
8
%
27
,
9
5
1
.
0
0
68
5
,
9
7
5
.
1
7
21
2
2
Fu
r
n
i
t
u
r
e
23
6
,
9
9
3
.
6
3
12
.
5
0
%
0.
0
0
23
6
,
9
9
3
.
6
3
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
60
5
,
6
1
3
.
2
4
20
.
0
0
%
(7
,
9
3
5
.
6
8
)
(3
2
5
,
4
4
3
.
3
6
)
27
2
,
2
3
4
.
2
0
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,
3
1
7
,
0
0
3
.
0
7
ID
1
2
.
0
%
,
NV
5
.
2
6
%
10
0
,
2
7
0
.
4
0
(5
,
1
7
8
.
2
3
)
2,
4
1
2
,
0
9
5
.
2
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
50
,
4
1
6
.
4
2
20
.
0
0
%
0.
0
0
50
,
4
1
6
.
4
2
22
3
2
Ci
r
c
u
i
t
Eq
u
i
p
m
e
n
t
5,
9
0
7
,
5
4
8
.
9
9
ID
1
0
.
0
%
,
NV
5
.
2
6
%
39
7
,
5
5
6
.
7
2
13
,
6
4
0
.
0
0
6,
3
1
8
,
7
4
5
.
7
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
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
35
,
1
8
9
.
9
4
5.
0
0
%
3,
8
4
9
.
1
2
39
,
0
3
9
.
0
6
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
10
,
9
5
4
,
3
8
7
.
0
5
ID
6
.
5
%
,
NV
4
.
0
%
37
2
,
7
5
6
.
0
8
11
,
3
2
7
,
1
4
3
.
1
3
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
1,
8
4
5
,
3
5
4
.
7
6
ID
7
.
0
%
,
NV
4
.
0
%
16
7
,
7
5
0
.
4
6
2,
0
1
3
,
1
0
5
.
2
2
26
8
2
Le
a
s
e
h
o
l
d
Im
p
r
o
v
e
m
e
n
t
s
12
6
,
6
0
3
.
1
8
3.
0
0
%
9,
2
8
7
.
4
4
13
5
,
8
9
0
.
6
2
TO
T
A
L
24
,
6
2
5
,
4
7
9
.
3
4
1,
2
8
9
,
6
8
5
.
6
7
(3
6
2
,
8
2
8
.
1
5
)
25
,
5
5
2
,
3
3
6
.
8
6
*P
l
e
a
s
e
lis
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
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
94
3
,
1
7
0
.
8
6
33
.
3
3
%
12
1
,
7
9
1
.
4
8
(4
7
,
6
3
9
.
4
2
)
1,
0
1
7
,
3
2
2
.
9
2
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
94
5
,
1
7
4
.
0
3
14
.
3
0
%
96
,
4
0
8
.
6
5
1,
7
9
2
.
8
6
1,
0
4
3
,
3
7
5
.
5
4
21
2
1
Bu
i
l
d
i
n
g
s
34
5
,
9
9
4
.
1
4
3.
0
0
%
14
,
9
7
2
.
8
8
36
0
,
9
6
7
.
0
2
21
2
2
Fu
r
n
i
t
u
r
e
23
6
,
9
9
3
.
6
3
12
.
5
0
%
0.
0
0
23
6
,
9
9
3
.
6
3
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
60
5
,
6
1
3
.
2
4
20
.
0
0
%
(7
,
9
3
5
.
6
8
)
(3
2
5
,
4
4
3
.
3
6
)
27
2
,
2
3
4
.
2
0
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,
0
0
8
,
3
4
3
.
4
7
12
.
0
0
%
88
,
7
9
7
.
9
0
(5
,
1
7
8
.
2
3
)
1,
0
9
1
,
9
6
3
.
1
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
50
,
4
1
6
.
4
2
20
.
0
0
%
0.
0
0
50
,
4
1
6
.
4
2
22
3
2
Ci
r
c
u
i
t
Eq
u
i
p
m
e
n
t
4,
4
2
9
,
0
3
6
.
7
9
10
.
0
0
%
30
2
,
0
1
5
.
5
2
4,
7
3
1
,
0
5
2
.
3
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
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
6,
0
0
3
.
4
0
5.
0
0
%
65
6
.
6
6
6,
6
6
0
.
0
6
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
6,
2
6
6
,
2
2
7
.
4
6
M6
.
5
0
%
-
F5
.
0
0
%
28
5
,
5
9
7
.
8
3
6,
5
5
1
,
8
2
5
.
2
9
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
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INVESTMENTS
Report below the investments in Accounts 1401,1402 and 1406.Identify each investmentas to the
account in which included.Minor amounts in Account 1406 may be grouped by classes.
Book Cost of Book Cost of
Investments Investments
Disposed of Held atDescriptionDateAcquiredThisyearEndofYear
NRTC Patronage -1406.10 2005 275,795.79
Syringa Networks,LLC -1406 2001 3,287,219.04
Solix -1406 10,000.00
Telespire -1406 2006 2,500.00
Fairfield Internet -1406 2006 3,000.00
Pend Oreille Telephone -1401 1997 7,235,138.16
Nehalem Telecommunications -1401 2004 2,785,917.37
Totals 13,599,570.36
RECEIVABLES
Itemize amounts show in Accounts 1180,1190 and 1200.For notes receivable list each note separately and
includethe 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
Customer -1180 95,088.52
Customer -1190 33,948.88
Advances -1350 7,100.70
NECA -1190 338,174.92
CABS -1190 39,487.40
State USF -1190 25,185.03
Miscellaneous -1190 117,738.89
Elmore County E911 -1190 939.20
Totals 0.00 657,663.54
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 _Rate Due Date Face Amount
None.
Totals
ACCOUNTS PAYABLE
Report below all Accounts Payable amounting to more than $100.00
Name of Creditor Amount
Calix,Inc.25,121.13
Charles Schwab Trust Company 9,475.69
Computer Technology,Inc.5,436.02
Elmore County Tax Collector 17,188.86
Farmers Union Insurance 29,957.00
Forvis,LLP 5,583.56
Idaho State Tax Commission 14,742.65
Internal Revenue Service 54,390.43
Little Valley Elk Ranch 11,685.68
Mid-State Consultants 6,853.29
Moss Adams,LLP 14,983.56
NeoNova Network Services,LLC.12,041.00
Nevada Telecommunications 6,875.00
Syringa Networks,LLC 28,390.11
Taylor Weston &Associates Inc.11,421.95
Telespire PCS 6,302.69
US Bank 32,693.31
Nevada Bell 8,416.23
Other IXCs 5,470.58
Other A/P 76,764.34
Totals 383,793.08
Rev 3/02 Page 11
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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 andpreferred.
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 SheetClass&Series of Stock Authorized per Share Shares Amount
Common Stock 2,500 100.00 569 56,900.00
Rev 3/02 Page 13
INCOME &RETAINED EARNINGS STATEMENT
Item Total Company Idaho Only
Total Operating Income (from page 16)5,750,871.33 3,224,921.08
Total Operating Expenses (from page 18)4,901,320.65 2,906,820.00
7100 Other Operating Income and Expense (953.64)(953.64)
7210 Operating Investment Tax Credits-Net (11,607.00)(11,607.00)
7220 Operating Federal Income Taxes (114,942.00)4,711.00
7230 Operating State and Local Income Taxes (7,372.00)(7,372.00)
7240 Operating Other Taxes (56,811.23)(15,124.35)
7250 Provision for Deferred Operating Income Taxes-Net 157,890.00 86,350.04
7200 Operating Taxes (Total)(32,842.23)56,957.69
7310 Dividend Income 13,031.10 7,126.71
7320 Interest Income 19.78 10.82
7330 Income from Sinking and Other Funds
7340 Allowance for Funds Used During Construction 16,106.76 15,512.99
7350 Gains/Losses from the Disposition of Certain Property (29,603.00)(16,189.88)
7360 Other Nonoperating Income 1,437,708.40 786,282.72
7370 Special Charges (31,134.04)(17,027.21)
7300 Nonoperating Income and Expense 1,406,129.00 775,716.15
7410 Nonoperating Investment Tax Credits-Net
7420 Nonoperating Federal Income Taxes (211,296.00)(115,557.78)
7430 Nonoperating State and Local Income Taxes (65,678.00)(35,919.30)
7440 Nonoperating Other Taxes
7450 Provision for Deferred Nonoperating Income Taxes-Net 1,117.00 610.89
7400 Nonoperating Taxes (275,857.00)(150,866.19)
7510 Interest on Funded Debt (100,037.31)(54,710.40)
7520 Interest Expense-Capital Leases
7530 Amortization of Debt Issuance Expense
7540 Other Interest Deductions (69,224.51)(37,858.88)
7500 Interest and Related Items (169,261.82)(92,569.28)
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 0.00 0.00
7910 Income Effect of Jurisdictional Ratemaking
Differences-Net
7990 Nonregulated Net Income (176,587.01)(159,385.32)
AMOUNT TRANSFERRED TO RETAINED EARNINGS 1,600,177.98 747,000.49
Rev 3/02 Page 14
OPERATING REVENUES
Item Total Company Idaho Only
Local Network Services Revenues
5001 Basic Area Revenue 447,306.54 236,447.12
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 11,666.38 11,438.67
458,972.92 247,885.79
Network Access Services Revenues
5081 End User Revenue (SLC)138,988.82 75,956.16
5082 Switched Access Revenue (Interstate)3,993,531.80 2,188,030.62
5083 Special Access Revenue 137,363.86 0.00
5084 State Access Revenue (Intrastate)614,057.71 322,808.34
5101 Long Distance Network Services Revenues 8,786.56 6,443.75
5100 Long Distance Message Revenue -All 19.04 0.00
4,892,747.79 2,593,238.87
Internet Services
5280.10 DSL Modem Revenue Idaho 18,655.06 18,655.06
5280.20 DSL Modem Revenue Nevada 11,003.50 0.00
29,658.56 18,655.06
Other Non-RegulatedRevenues
5280.30 Fiber Lease Idaho 57,170.04 57,170.04
5280.31 DWNM Circuit Equipment Lease 306,393.52 306,393.52
363,563.56 363,563.56
Miscellaneous Revenues
5230.10 Directory Revenue Idaho 2.40 2.40
5230.20 Directory Revenue Nevada 0.00 0.00
5220.10 Intrastate B&C Idaho 0.72 0.72
5220.20 Intrastate B&C Nevada 3,454.71 0.00
5260.10 Misc Revenue Idaho 1,201.90 1,201.90
5260.20 Misc Revenue Nevada 783.88 0.00
5,443.61 1,205.02
Uncollectible Revenues
5300.10 Uncollectible Revenue Idaho 372.78 372.78
5300.20 Uncollectible Revenue Nevada 112.11 0.00
484.89 372.78
TOTAL OPERATING REVENUES 5,750,871.33 3,224,921.08
Please identify the following revenues:
NECA USF $_0._00.To what account were they booked?5081.21
State USF $302,220.96.To what account were they booked?5084.21
Rev 3/02 Page 15
OPERATING REVENUES
Item Total Company Idaho Only
Plant Specific Operations Expense
6110 Network Support Expenses
6112 Motor Vehicle Expense 19,200.00 10,500.48
6113 Aircraft Expense
6114 Special Purpose Vehicles Expense
6115 Garage Work Equipment Expense
6116 Other Work Equipment Expense
6120 General Support Expenses 72,784.11 39,805.63
6121 Land and Building Expenses 182,292.22 167,939.24
6122 Furniture and Artworks Expense
6123 Office Equipment Expense
6124 General Purpose Computers Expense
6210 Central Office Switching Expenses 263,670.69 193,731.68
6211 Analog Electronic Expense
6212 Digital Electronic Expense
6215 Electro-Mechanical Expense
6220 Operators System Expense
6230 Central Office Transmission Expenses 497,491.53 228,641.73
6231 Radio Systems Expense
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 0.00 0.00
6362 Other Terminal Equipment Expense
6410 Cable and Wire Facilities Expenses 629,219.64 337,916.92
6411 Pole Expense
6421 Aerial Cable Expense 0.00 0.00
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 1,664,658.19 978,535.68
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 (1,571.61)1,765.47
6530 Network Operations Expense
6531 Power Expense 85,977.29 51,768.50
6532 Network Administration Expense 144,097.84 84,944.25
6533 Testing Expense
6534 Plant Operations Administration Expense
6535 Engineering Expense 13,786.16 8,739.29
6540 Access Expense 138,318.79 75,646.55
6560 Depreciation and Amortization Expenses 236,669.83 129,121.21
6561 Depreciation Expense-Telecom.Plant in Service 1,031,381.22 740,217.36
6562 Depreciation Expense-Property Held for Future Use
6563 Amortization Expense -Tangible
6564 Amortization Expense -Intangible
6565 Amortization Expense -Other
Total Plant Nonspecific Operations Expenses
1,648,659.52 1,092,202.63
Customer Operations Expense
6610 Marketing 19,396.46 10,607.92
6611 Product Management
6612 Sales
6613 Product Advertising
6620 Services
6621 Call Completion Services
6622 Number Services
6623 Customer Services 166,544.81 92,840.19
Total Customer Operations Expense 185,941.27 103,448.11
Corporate Operations Expense
6710 Executive and Planning 395,666.64 216,390.09
6711 Executive
6712 Planning
6720 General and Administrative 842,316.72 460,663.01
6721 Accounting and Finance 143,928.12 49,352.88
6722 External Relations
6723 Human Resources
6724 Information Management
6725 Legal 20,150.19 6,227.60
6726 Procurement
6727 Research and Development
6728 Other General and Administrative
6790 Provision for Uncollectible Notes Receivable
Total Corporate Operations Expense 1,402,061.67 732,633.58
TOTAL OPERATING EXPENSES 3,236,662.46 1,928,284.32
Rev 3/02 Page 17
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o
n
n
e
c
t
s
O
O
O
O
O
O
En
d
of
Ye
a
r
51
51
7
4
11
62
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
.
:
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
Di
a
l
To
n
e
fr
o
m
an
o
t
h
e
r
C.
O
.
:
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
:
29
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
:
6
Re
v
3/
0
2
Pa
g
e
18
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
2
(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
:
Bo
i
s
e
Ri
v
e
r
Pr
e
f
i
x
(e
s
)
:
20
8
-
6
5
3
Ce
n
t
r
a
l
Of
f
i
c
e
Sw
i
t
c
h
Ty
p
e
:
Me
t
a
Sw
i
t
c
h
Ch
e
c
k
all
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
Dig
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
_
X
_
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
:
20
4
8
Cu
s
t
o
m
e
r
Li
n
e
s
:
44
4
(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
:
6/
1
6
/
2
0
0
8
Pu
b
l
i
c
Te
l
e
p
h
o
n
e
Lin
e
s
15
Co
m
p
a
n
y
Of
f
i
c
i
a
l
Li
n
e
s
9
Co
m
p
a
n
y
Te
s
t
Lin
e
s
29
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
-
Sin
g
l
e
Li
n
e
Mu
l
t
i
-
Sin
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
39
8
39
8
27
22
49
44
7
Ne
w
Co
n
n
e
c
t
s
O
0
3
0
3
3
Di
s
c
o
n
n
e
c
t
s
1
1
0
5
5
6
En
d
of
Ye
a
r
39
7
39
7
30
17
47
44
4
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
.
:
Nu
m
b
e
r
of
Cu
s
t
o
m
e
r
s
wit
h
No
n
p
u
b
l
i
s
h
e
d
or
No
n
l
i
s
t
e
d
:
51
Di
a
l
To
n
e
fr
o
m
an
o
t
h
e
r
C.
O
.
:
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
:
26
9
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
:
13
Re
v
3/0
2
Pa
g
e
18
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
2
(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
:
Ti
p
a
n
u
k
Pr
e
f
i
x
(e
s
)
:
20
8
-
7
9
6
Ce
n
t
r
a
l
Of
f
i
c
e
Sw
i
t
c
h
Ty
p
e
:
Me
t
a
Sw
i
t
c
h
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
_
Dig
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
_
X
_
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
:
20
4
8
Cu
s
t
o
m
e
r
Li
n
e
s
:
60
(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
:
6/
1
6
/
2
0
0
8
Pu
b
l
i
c
Te
l
e
p
h
o
n
e
Li
n
e
s
O
Co
m
p
a
n
y
Of
f
i
c
i
a
l
Li
n
e
s
2
Co
m
p
a
n
y
Te
s
t
Li
n
e
s
3
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
-
Sin
g
l
e
Li
n
e
Mu
l
t
i
-
Si
n
g
l
e
Li
n
e
To
t
a
l
Lin
e
Mu
l
t
i
-
Su
b
t
o
t
a
l
Ce
n
t
r
e
x
Lin
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
61
61
3
1
4
65
Ne
w
Co
n
n
e
c
t
s
O
0
0
0
0
0
Di
s
c
o
n
n
e
c
t
s
5
5
0
0
0
5
En
d
of
Ye
a
r
56
56
3
1
4
60
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
:
Dia
l
To
n
e
fr
o
m
th
i
s
C.
O
.
:
Nu
m
b
e
r
of
Cu
s
t
o
m
e
r
s
wit
h
No
n
p
u
b
l
i
s
h
e
d
or
No
n
l
i
s
t
e
d
:
15
Dia
l
To
n
e
fr
o
m
an
o
t
h
e
r
C.
O
.
:
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
:
47
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
:
11
Re
v
3/
0
2
Pa
g
e
18
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
2
(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
:
Th
r
e
e
Cr
e
e
k
Pr
e
f
i
x
(e
s
)
:
20
8
-
8
5
7
Ce
n
t
r
a
l
Of
f
i
c
e
Sw
i
t
c
h
Ty
p
e
:
Me
t
a
Sw
i
t
c
h
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
_
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
_
X
_
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
:
20
4
8
Cu
s
t
o
m
e
r
Li
n
e
s
:
48
(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
:
12
/
3
1
/
2
0
2
0
Pu
b
l
i
c
Te
l
e
p
h
o
n
e
Li
n
e
s
1
Co
m
p
a
n
y
Of
f
i
c
i
a
l
Li
n
e
s
4
Co
m
p
a
n
y
Te
s
t
Li
n
e
s
3
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
Lin
e
Mu
l
t
i
-
Si
n
g
l
e
Lin
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
39
39
7
6
13
52
Ne
w
Co
n
n
e
c
t
s
O
0
0
0
0
0
Di
s
c
o
n
n
e
c
t
s
2
2
2
0
2
4
En
d
of
Ye
a
r
37
37
5
6
11
48
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
:
Dia
l
To
n
e
fr
o
m
th
i
s
C.
O
.
:
Nu
m
b
e
r
of
Cu
s
t
o
m
e
r
s
wit
h
No
n
p
u
b
l
i
s
h
e
d
or
No
n
l
i
s
t
e
d
:
3
Dia
l
To
n
e
fr
o
m
an
o
t
h
e
r
C.
O
.
:
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
:
24
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
:
9
Re
v
3/
0
2
Pa
g
e
18
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
2
(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
:
At
l
a
n
t
a
Pr
e
f
i
x
(e
s
)
:
20
8
-
8
6
4
Ce
n
t
r
a
l
Of
f
i
c
e
Sw
i
t
c
h
Ty
p
e
:
Me
t
a
Sw
i
t
c
h
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
_
Dig
i
t
a
l
X
El
e
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ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES
YEAR ENDED DECEMBER 31,2022.
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 Monthly included on customer billing.
Alternate method of notification Newspaper publications:(copies attached)
Times News -Twin Falls,ID,2/24/2022,6/13/2022,12/11/2022.
Record Herald -Salmon,ID,2/24/2022,6/16/2022,12/15/2022.
Mountain Home News -Mountain Home,ID ,3/2/2022,6/15/2022,12/14/2022
Idaho Statesman -Boise,ID,2/24/2022,6/12/2022,12/12/2022
Rule IDAPA 31.41.01.403.02
Record of Complaints:
Number received by Company 2
Category of complaints (if known):
Deposit Disputes O
Charges on Bill 0
DeniaVTermination 0
Quality or Availability
of Service 2
Carrier Selection/Assignment 0
Miscellaneous O
Rev 3/02
Page 20
CUSTOMER INFORMATION
What to Know About Telephone Solicitors
A telephone solicitor is a person who calls and requests that you purchase something
or make a donation.State and Federal laws require that telephone solicitors calling
residential customers must identify themselves and the business they represent by
identifying the purpose of the call and providing a telephone number where the
solicitor or the company can be reached.Additionally,a telephone solicitor can't
legally call a residence before 8 a.m.or after 9 p.m.
Keep in mind that these requirements do not apply to telephone solicitations made at
your request,solicitations made in connection with an existing debt or contract,or calls
from a telephone solicitor with whom you have a prior or existing business relationship.
Other Laws and Practices Governing Telephone Service
Throughoutthe Customer Informationpages we have told you about many of the rules
and regulations that govern telephone service.Here are some other importantthings
you should know:
RTI Rural Telecom provides telephone service without regard to race,.nationality,
color,religion,sex,marital status,or disabilities.RTI Rural Telecom is regulated
by the Idaho &Nevada Utilities Commissions.A complete copy of the rules and
regulations governing telephone service is available at the Idaho &Nevada Public
Utilities state office and RTI Rural Telecom.
The rates and practices for telephone services now in effect are subject to
change.A schedule of current rates is available at the Idaho &Nevada Public
Utilities state office and RTI Rural Telecom.All telephone numbers are owned
by your local telephone company,which has the right to change any numbers
as may be required.
No automatic dialing announcing device can be connected to RTI Rural Telecom
network unless it complies with Federal Communication Commission (FCC)
rules.Autodialers used to transmit artificial or prerecorded voice messages
should automatically release the called party's line within 5 seconds of that
party's hang-upsignal reaching the caller's dialing system.For additionalinfor-
mation contact RTl Rural Telecom,toll free at 1-888-366-7821.
For your protection,RTI Rural Telecom is able to detect fraudulent calls.State
and Federal law prohibit defraudingor attemptingto defraud a telephone com-
pany of its rightful charges.
***Proof of Publication ***
Twin Falls Times-News RTI
132 Fairfield St W,Twin Falls,Idaho 83301 RTI is a quality telecommuSn cat oens seervices provider who providesbasicenhancedservicesatreasonablerateswithinitsserviceterritory.Emergency 911 Services -Exchanges with charges in Idaho are:394,SHE RRI DAVIS,being duly sworn,deposes and says:That she is the 653,868,864,857 and 796.There is a $1.25 per line charge.Principal Clerk of the Times-News,a daily newspaper printed and o*g|,*,'¡ade
ce .......................................................$25.76publishedatTwinFalls,Twin Falls County,State of Idaho,and Local Business.............................................................................$42.00AccessRecoverySingleLine..........................................................$3.00havingageneralcirculationtherein,and which said newspaper hâS Access Recovery Multi-Line...........................................................$3.00beencontinuouslyanduninterruptedivnublishedinsaidCountvFed.Subscriber Line (FCC Access,1 line)....................................$6.50JrJFed.Subscriber Line (FCC Access,Multi Line).............................$9.20duringaperiodoftwelveconsecutivemonthspriortothefirstIdahoUniversalServiceFundSurcharge(IUSF es)...................$.25publicationofthenotice,a copy of which is attached hereto:that said |taahe onaehrsaAsSest oneceFunSr no g (I F us)$
notice was published in the Times-News,in conformity with Section The above chargeswill have federal and local taxes added on.Toll Blocking is available at no charge for low income customers who60-108,Idaho Code,as amended,for:qualify.RTI is an Equal Opportunity Employer
in accordance with Federal civil rights law and U.S.Department ofInsertionSAgriculture(USDA)civil rights regulations and policies,the USDA,itsAgencies,offices,and employees,and institutions participating in oradministeringUSDAprogramsareprohibitedfromdiscriminatingbasedRURALTELEPHONECOMPANYonrace,color,national origin,religion,sex,gender identity (includinggenderexpression),sexual orientation,disability,age,marital status,family/parental status,income derived from a public assistanceprogram,political beliefs,or reprisal or retaliation for rior civil rightsactivity,in any program or activity conductedorfunded USDA (not all892WESTMADISONAVEbasesapplytoallprograms).Remedies and complaint iling deadlinesvarybyprogramorincident.GLENNS FERRY ID 83623 Persons with disabilities who require alternative means of communica-tion for program information (e.g.,Braille,large print,audiotape,American Sign Language,etc.)should contact the responsible AgencyorUSDA's TARGET Center at [phone] (voice and TTY)orcontactUSDAthroughtheFederalRelayServiceat(800)877-8339.ORDER NU ER 124812 Additionally,program information may be made available m languagesotherthanEnglish.USDA is an equalopportunity provider,employer and lender.
If you wish to file a Civil Rights program com laint of discrimination,complete the USDA Program Discnmination Ëomplaint Form (PDF),found online athttp://www.ascr.usda.aov/complaint filing cust,htmi,or at any USDA office,or call [phone] to request the form.You(Le als Clerk)may also write a letter containing all of the information requested in theform.Send your completed complaint form or letter to us by mail at U.S.Department of Agriculture,Director,Office of Adjudication,1400IndependenceAvenue,S.W.,Washington,D.C.20250-9410,by faxSTATEOFIDAHO)[phone] or email at [e-mail] Lifeline Low Income Support-How To Apply:
1.To qualify for Lifeline Services,you can apply online by going to theCOUNTYOFTWINFALLS)National Verifier consumer portal at CheckLifeline.org/lifeline andcreatinganaccount.
2.Apply by mail:You will mail in your lifeline application,householdOnthisdayointheyearoeforeme,a worksheet and proof of eligibility to:Lifeline Support Center PO BOX7081LondonKY40742.Applications are available to print at :Notary Public,personally appe d before me Sherri Davis known or ÇheckLifeline.orqllifelineidentifiedtometobethenersonwhosenamesubscribedtothewithin3.Please contact RTI if you need assistance with the lifeline process.Lifelme is a govemment program offering qualified low incomeinstrument,and being by first duly sworn,declared that the statementS households a discount on unlimited basic telephone services orthereinaretrue,and acknowledged to me that she executed the intemet.
Publish:February 24,2022sam
Notary Public FOR Idaho
Residing at:Twin Falls,Id
My Commission expires:
Section:Legals
Category:50 Legal
PUBLISHED ON:02/24/2022
TOTAL AD COST:92.81
FILED ON:2/24/2022
'***Proof of Publication ***
Twin Falls Times-News
132 Fairfield St W,Twin Falls,Idaho 83301
REBA DAVIS,being duly sworn,deposes and says:That she is thePrincipalClerkoftheTimes-News,a daily newspaper printed andpublishedatTwinFalls,Twin Falls County,State of Idaho,andhavingageneralcirculationtherein,and which said newspaper hasbeencontinuouslyanduninterruptedlypublishedinsaidCountyduringaperiodoftwelveconsecutivemonthspriortothefirstpublicationofthenotice,a copy of which is attached hereto:that saidnoticewaspublishedintheTimes-News,in conformity with Section60-108,Idaho Code,as amended,for:
Insertions
RTI
897WË$T MADISØl4
GLENNS FERRY ID 83623
ORDER NU ER.128380 ,
(Legals Clerk)
STATE OF IDAHO ).SS
COUNTY OF TWIN FALLS )
On this É day of //C in the year ofÊ//J>before me,aNotaryPublic,personally appeared before me Reba Davis known oridentifiedtometobethepersonwhosenamesubscribedtothewithininstrument,and being by first duly sworn,declared that the statementsthereinaretrue,and acknowledged to me that she executed the
same.
Notary Publ FO Idaho
AMY W\ESMORERMesidinm9matLLwinFallse,Idaho ,yt pg,COMM S NO 2LO2CO3230
STATE OF \DAHO
MY COMM.EXP\RES 09/04 2
Section:Legals
Category:50 Legal
PUBLISHED ON:06/13/2022
TOTAL AD COST:197.57
FILED ON:6/13/2022
Legal Legal Legal
RTI
Service Rates
RTI Is a quality telecommunications services provider i provides basic enhanced services
at reasonable rates within its service territory.Emergency 911 Services -Exchanges with
charges in Idaho are:394,653,868,864,857 and 796.There is a $1.25 per line charge.
Residential &Business Rates
Local Residence $25.76
Local Business $42.00
Access Recovery Single Line $3.00
Access Recovery Multi-Line $3.00
Fed.Subscriber Line (FCC Access,i line)$6.50
Fed.Subscriber Line (FCC Access,Multi Line)$9.20IdahoUniversalServiceFundSurcharge(IUSF)-(Res)$.25IdahoUniversalServiceFundSurcharge(IUSF)-(Bus)$.44StateofIdahoAssistanceProgram$.00
The above charges will have federal and local taxes added on.
Toll Blocking is available at no charge for low income customers who qualify.
RTI is an Equal Opportunity Employer
in accordance with Federal civil rights law and U.S.Departmentof Agriculture (USDA)civil
rights regulations and policies,the USDA,its Agencies,offices,and employees,and institutionsparticipatinginoradministeringUSDAprogramsareprohibitedfromdiscriminatingbasedon
race,color,national origin,religion,sex,gender identity (including gender expression),sexual
orientatlon,disability,age,marital status,family/parental status,income derived from a publicassistanceprogram,political beliefs,or reprisal or retaliation for prior civil rights activity,in
any program or activity conducted or funded by USDA (not all bases apply to all programs).
Remedles and complaint filing deadlines vary by program or incident.
Persons with disabilities who require alternative means of communication for program
information (e.g.,Braille,large print,audiotape,American Slgn Language,etc.)should contacttheresponsibleAgencyorUSDA's TARGET Center at [phone] (voice and TTY)or contact
USDA through the Federal Relay Service at [phone].Additionally,program information
may be made available in languages other than English.
USDA is an equal opportunity provider,employer and lender.
If you wish to file a Civil Rights program complaint of discrimination,complete the
USDA Program DiscriminationComplaint Form (PDF),found online athttu://www.ascr.usda.aov/complaint filina cust.htmi,or at any USDA office,or call (866)
632-9992 to request the form.You may also write a letter containing all of the information
requested in the form.Send your completed complaint form or letter to us by mail at U.S.
Departmentof Agriculture,Director,Office of Adjudication,1400 Independence Avenue,S.W.,
.Washington,D.C.20250-9410,by fax [phone] or email at [e-mail].
Lifellne Low income Support-How To Apply:
1.To qualify for LIfellne Services,you can apply online by going to the National Verifier consumer
portal at CheckLIfeline.org/Ilfeline and creating an account.
2.Apply by mail:You will mail in your lifellne application,household worksheet and proof ofeligibilityto:Lifeline Support Center PO BOX 7081 London KY 40742.Applications are
available to print at:CheckLifellne.org/lifellne
3.Please contact RTI if you need assistance with the lifeline process.
Lifeline is a government program offering qualified low income households a discount onunlimitedbasictelephoneservicesorInternet.
RTL
***Proof of Publication ***
Twin Falls Times-News
132 Fairfield St W,Twin Falls,Idaho 83301
REBA DAVIS,being duly sworn,deposes and says:That she is thePrincipalClerkoftheTimes-News,a daily newspaper printed andpublishedatTwinFalls,Twin Falls County,State of Idaho,and
having a general circulation therein,and which said newspaper hasbeencontinuouslyanduninterruptedlypublishedinsaidCountyduringaperiodoftwelveconsecutivemonthspriortothefirstpublicationofthenotice,a copy of which is attached hereto:that saidnoticewaspublishedintheTimes-News,in conformity with Section60-108,Idaho Code,as amended,for:
Insertions
RTI
892 WEST MADISON
GLENNS FERRY ID 83623
ORDER gUMBER 1 353
(Legals Clerk)
STATE OF IDAHO ).SS
COUNTY OF TWIN FALLS )
On this Ë day of in the year of $fore me,a
Notary Public,personally appeared before me Reba Davis known or
identified to me to be the person whose name subscribed to the within
instrume and being by first duly sworn,declared that the statements
therei are rue,and acknowledged to me that she executed the
sa e.
Notaryfu lic FOR IdahoResid'g t:Twin Falls,Idaho AMY MES
My C mission expires:COMMISSDÑ NO 203230
STATE OF ID 0
MY COMM.EXPIRES 09/04/2026Section:Legals
Category:50 Legal
PUBLISHED ON:12/10/2022
TOTAL AD COST:208.57
FILED ON:12/11/2022
Legal Legal,Legal
RTI
Service Rates
RTI Is a quality telecommunications services provider who provides basic enhanced services at
reasonable rates within its service territory.Emergency911 Services -Exchanges with charges
in Ïdaho are:394,653,868,864,857 and 796.There is a $1.25 per line charge.
Regiciential &Business Rates
Local Residence
$25.76
Local Business
$42.00
Access Recovery Single Line $3.00
Access Recovery Multi-Line $3.00
Fed.Subscriber Line (FCC Access,1 line)$6.50
Fed.Subscriber Line (FCC Access,Multi Line)$9.20
Idaho Universal Service Fund Surcharge (IUSF)-(Res)$.25
1daho Universal Service Fund Surcharge (IUSF)-(Bus)$.44
State of Idaho Assistance Program $.00
The above charges will have federal and local taxes added on.
Toll Blocking is available at no charge for low income customers who qualify.
RTI 1s an Equal OpportunityEmployer
in accordance with Federal civil rights law and U.S.Department of Agriculture (USDA)civil
rights regulations and policies,the USDA,its Agencies,offices,and employees,and institutions
participating in or administering USDAprograms are prohibited from discriminating based on
race,color,national origin,religion,sex,gender identity (including gender e×pression),sexual
orientation,disability,age,marital status,family/parental status,income derived from a public
assistance program,political beliefs,or reprisal or retaliationfor prior civil rights activity,in
any program or activity conducted or funded by USDA(not all bases apply to all programs).
Remedles and complaint filing deadlines vary by program or incident
Persons with disabilities who require alternative means of communication for program
information (e.g.,Braille,large print,audiotape,American Sign Language,etc.)should contact
the responsible Agency or USDA';TARGETCenter at [phone] (voice and TTY)or contact
USDAthrough the Federal Relay Service at [phone].Additionally,program information
may be made available In languages other than English.
USDAis an equal opportunity provider,employer and lender.
If you wish to file a Civil Rights program complaint of discrimination,complete the USDA
Program Discrimination Complaint Form (PDF),found online at http://www.ascr.usda.gov/
complaint_filing_cust.htmi,or at any USDAoffice,or call [phone] to request the form.
You may also write a letter containing all of the information requested in the form.Send your
completed complaint form or letter to us by mail at U.S.Department of Agriculture,Director,
Office of Adjudication,1400 independence Avenue,S.W.,Washington,D.C.20250-9410,by fax
[phone] or email at [e-mail].
Lifeline Low income Support-How To Apply:
1.To qualify for Lifeline Services,you can apply online by going to the National Verifier
consumer portal at CheckLifeline.org/lifeline and creating an account.
2.Apply by mail:You will mail in your lifetine application,household worksheet and proof of
eligibility to:Lifeline Support Center PO BOX 7081 London KY 40742.Applications are
available to print at :CheckLifeline.org/lifeline
3.Please contact RTI if you need assistance with the lifeline process.
Lifeline is a government program offering qualified low income households a discount on
unlimited basic telephone services or Internet.
2022
itions
basic
"s':7.Affidavit of Publication
rates
STATE OF IDAHO2e5.76
County of Lemhi42.00
$6.50
$9.20 RICKY G.HODGES being first duly sworn,deposes and says he is one of the publishers (print-
ers)of The Recorder Herald,a newspaper published weekly at Salmon,Lemhi County,Idaho,and2(Res)of general circulation therein.That the LEGNOTÏÕÑS O P 2 eRed copy
3(Bus)of which is attached to the margin beyetíf,has been and was correctly printed and published in e
regular and entire issue of ever umber of said newspaper and not in any supplement thereof or...$.00 thereto for ONE (1)consee ive issue(s).commencing with the issue dated 02-24-2022 andfederalendingwiththeissuedated-24-2022.n Tone
le local
e at no
.rs WEho
-e:394,
a $1.25 STATE OF IDAHO
ible for .County of Lemhi
:assis-
for dis-
service
ad tele-On this 24TH day of FEBRUARY in this year of 2022 before me.A Notary Public.personally
contact appeared RICKY G.HODGES.known or identified to me to be the person whose name subscribed
office,to the within instrument.and being by me first duly sworn.declared that the statements therein
i all con-are true.and acknowledged to me that he executed the same.tories at
s speci-
e lists.If
ding the
it 1-888-
otary ublic for IdahoResidingAtSalmoidaho
Publication Fee $94.08
OG
LEGAL NOTICE SHOUP (ALSO)2022
RTI Service Rates
RTI is a quality telecommunications
services provider who provides basic
enhanced services at reasonable rates
within its service territory.Basic ser-
vices are offered at the following rates
for Atlanta &Three Creek Areas:
Residential &Business Rates
Local Residence ........................$25.76
Local Business ..........................$42.00
Fed.Subscriber Line
(FCC Access,1 line)....................$6.50
Fed.Subscriber Line
(FCC Access,Multi Line).............$9.20
Idaho Universal Service
Fund Surcharge (IUSF)........$.12(Res)
Idaho Universal Service
Fund Surcharge (IUSF)........$.20(Bus)
State of Idaho Assistance
Prograrg............................................$.00
The above charges will have federal
and local taxes added on.Touch Tone
service is provided as a part of the local
service.Toll Blocking is available at no
charge for low income customers whoqualify.Emergency 911 Services -Ex-
changes with charges in Idaho are:394,
653,868,864 and 796.There is a 51.25
per line charge.
Low income individuals eligible for
Lifeline and Link-Up telephone assis-
tance programs may be eligible for dis-counts from these basic local service
charges through state specified tele-
phone assistance plans.Please contact
your local Health and Welfare office.
Basic services are offered to all con-
sumers in the RTI service territories at
the rates,terms,and conditions speci-
fied in the RTI tariffs and/or price lists.If
you have any questions regarding the
RTI's services,please call us at 1-888-366-7821,or visit our business office at
892 W.Madison Ave.Glenns Ferry,ID
83623 for further information regardingservices.
RTI An Equal Opportunity EmployerRTIwithitsmainofficelocatedat892
W.Madison Avenue,Glenns Ferry,ID
83623,complies and adheres to thefollowingstatementsundertheU.S.
Department of Agriculture guidelines.
In accordance with Federal law and
the U.S.Department of Agriculture'spolicy,this institution is prohibited from
discriminating on the basis of race,color,national origin,sex,religion,age,ordisabilitygNot.all prohibited bases apply
to all programs).
To file a complaint of discrimination,
write USDA,Director,Office of Civil-
Rights,Room 326-W,Whitten Building,
1400 Independence Avenue,SW.Wash-
ington,DC 20250-9410,or call [phone] (voice or TDD).USDA is anequalopportunityproviderandemployer.Did you know Telephone Ass stance
Programs are available to low-income
individuals.To qualify for Lifeline Ser-
vices,please contact RTI Rural Tele-
phone or for more míormation go to
www.usac.org and click on I:feline Life-line is a program designed to assist low
income households afford local tele-
phon service.
Please contact your local Health &Wolforn Office nr all Tnil Erna L.RRA.
Affidavit of Publication
STATE OF IDAHO
ss.County of Lemhi
RICKY G.HODGES being first duly sworn,deposes and says he is one of the publishers (print-
ers)of The Recorder Herald,a newspaper published weekh enim,n.I ,,bi County,Idaho,and
of general circulation therein.That the RTI ICE RATES,a true printed copy hich is
attached to the margin hereof,has bee and was correctly printed and published in the reg ar
and entire issue of every number said newspaper and not in any supplement thereof or theret
for ONE (1)consecutive issue ),commencing with the issue dated 06-16-2022 and ending with
the issue dated 06-16-202
STATE OF IDAHO
ss.County of Lemhi
On this 16TH day of JUNE in this year of2022 before me,A Notary Public.personally appeared
RICKY G.HODGES,known or identified to me to be the person whose name subscribed to the
within instrument,and being by me first duly sworn,declared that the statements therein are true,
and acknowledged to me that he executed the same.
Publication Fee $89.28 8 L\
RTI SERVICE RATES
RTI is a quality telecommunications
services provider who provides basic en-
han ced services at reasonable rates within
its service territory.Basic services are
offered at the following rates for Atlanta &
Three Creek Areas:Residential &Busi-
ness Rates
Local Residence .....................$25.76
Local Business .......................$42.00
Fed.Subscriber Line
(FCC Access,i line)........$6.50,
Fed.Subscriber Line
(FCC Access,Multi Line)..$9.20
Idaho Universal Service Fund
Surcharge (IUSF)..................$.12
(Res)Idaho Universal Service Fund
Surcharge (IUSF)..................$.20
(Bus)State of Idaho Assistance
Program ...................................$.00
The above charges will have federal
and local taxes added on.Touch Tone
service is provided as a part of the local
service.Toll Blocking is available at no
charge for low income customers who
qualify.Emergency 911 Services --Ex-
changes with charges in Idaho are:394,
653,868,864 and 796.There is a $1.25
per line charge.
Low incomeindividuals eligiblefor Life-
line and Link-Up telephone assistance
programs may be eligible for discounts
from these basic local service charges
through state specified telephone assis-
tance plans.Please contact your local
Health and Welfare office.
Basic services are offered to all con-
sumers in the RTI service territories at
the rates,terms,and conditions speci-
fied in the RTI tariffs and/or price lists.If
you have any questions regarding the
RTI's services,please call us at 1-888-
366-7821,or visit our business office at
892 W.Madison Ave.Glenns Ferry,ID
83623 for further information regarding
services.
RTI --An Equal Opportunity Employer
RTl with its main office located at 892
W.Madison Avenue,Glenns Ferry,ID
83623,complies and adheres to the fol-
lowing statements under the U.S.Depart-
ment of Agriculture guidelines.In accor-
dance with Federal law and the U.S.De-
partment of Agriculture's policy,this in-
stitution is prohibited from discriminating
on the basis of race,color,national origin,
sex,religion,age,or disability (Not all
prohibited bases apply to all programs).
To file a complaint of discrimination,
write USDA,Director,Office of Civil Rights,
Room 326-W,Whitten Building,1400 In-
dependence Avenue,SW,Washington,
DC 20250-9410,or call [phone]
(voice or TDD).USDA is an equal oppor-
tunity provider Nd employer.
Did you know-Telephone Assistance
Programs are available to low-income in-
dividuals.
To qualify for Lifeline Services,please
contact RTI Rural Telephone or for more
information goto www.usac.org and click
on lifeline.Lifeline is a program designed
to assist low income households afford
localtelephone service.
Please contact your local Health &
wolform (3ffica nr ('nil Tnil Fran 1-888-366-
Affidavit of Publication
STATE OF IDAHO
ss.County of Lembi
RICKY G.HODGES being first duly sworn,d es and says he is one of the publishe rint-
ers)of The Recorder Herald.a newspaa published weekly at Salmon.Lemhi County,Idaho,anofgeneralcirculationtherein.'tat the LEGAL NOTICE SHOUP (ALSO)2022 a trueprintedcopyofwhichisatthedtothemarginhereof.has been and was correctly printed
and published in the regu <r and entire issue of every number of said newspaper and not in
any supplement thereof or thereto for ONE (1)consecutive issue(s),commencing with the
issue dated 12-15-202 and ending with the issue dated 12-15-2022.
STATE OF IDAHO
ss.County of Lemhi
On this 15th day of December in this year of 2022 before me.A Notary Public.personally
appeared RICKY G.HODGES,known or identified to me to be the person whose namesubscribedtothewithininstrument.and being by me first duly sworn.declared that thestatementsthereinaretrue.and acknowledged to me that be executed the same.
os ry Public for IdahoResidingAtSalmon.Idaho gittillii
Commission expires 04-10-2023
iÏhin its service territory.Basic ser-
vices are offered at the following rates
for Atlanta &Three Creek Areas:
Residential &Business Rates
Local Residence
$25.76
Local Business
$42.00
Fed.Subscriber Line (FCC Access,
1 line)
$6.50
Fed.Subscriber Line (FCC Access,
Multi Line)
$9.20
Idaho Universal Service Fund Sur-
charge (lUSF)
S.12 (Res)
Idaho Universal Service Fund Sur-
charge (IUSF)
$.20 (Bus)
$tate of Idaho Assistance Program
$.00
The above charges will have federal
and local taxes added on.
Touch Tone aervice is provided as a
part of the local service.Toll Blocking is
available at no charge for low income
customers who qualify.
Emergency 911 Services -Exchanges
with charges in Idaho are:394,653,868,864
and 796.There is a $1.25 per line charge.
Low income individuals eligible for
Lifeline and Link-Up telephone assistance
programs may be eligible for discounts
from these basic local service charges
through state specified telephone assis-
tance plans.Please contact your Jocal
Health and Welfare office.
Basic services are offered to all con-
sumers in the RTI service territories at
the rates,terms,and conditions speci-
fied in the RTI tariffs and/or price lists.If
you have any questions regarding the
RTl's services,please call us at 1-888-
366-7821.or visit our business office at
892 W.Madison Ave.Glenns Ferry,ID
83623 for further information regarding
services.
RTl
An Equal Opportunity Employer
RTIwith Its main office located at 892
W.Madison Avenue,Glenns Ferry,ID
83623,complies and adheres to the
following statements under the U.S.
Department of Agriculture guidelines.
In accordance with Federal law and
the U.S.Department of Aggulture'spolicy,this institution is prohibited fromdiscriminatingönthebasisofrace,color,national origin,sex,religion,age,ordisability(Not all prohibited bases applytoallprograms).To file a complaint of discrimination,write USDA,Director,Office of CivilRights,Room 326-W,Whitten Building,1400 Independence Avenue,SW,Wash-ington,DC 20250-9410,or call [phone] (voice or TDD).USDA is anequalopportunityproviderandemployer.Did you know
Telephone Assistance Programs areavailabletolow-income individuals.
To qualify for Lifeline Services,please
contact RTI Rural Telephone or for moreinformationgotowww.usac.org andclickonlifeline.Lifeline is a programdesignedtoassistlowincomehouse-
holds afford local telephone service.
Please contact your local Health &
Welfare Office or Call Toll Free 1-888-
AFFIDAVIT OF PUBLICATION
Countyof Elmore
State of Idaho O·
I,Joy Martinez,do solemnlyswear that I am
the Legal Clerk of the:
Mountain Home News
A weeklynewspaper of general circulation,publishedonce a week,in Mountain Home,Idaho,that the notice attached hereto which is
a part of publication thereof;was publishedinsaidnewspaperforiweek,thepublicationdatehavinbeenmadeon theidayofAAGy,2022;in theWednesdayissueofthepaperduringtheperiodandtimeofpublicationandthatthe
notice was publishedin the paper proper and
not in a supplementthereof.
And I further swear that the said Mountain
Home News has been continuouslyanduninterruptedlypublishedinsaidElmoreCountyduringtheperiodof78consecutive
weeks prior to the first publication of the
attached notice.
Leg41e
scgbed and sworn to me this day
o ‡V,2022.
Notary Public
Residing in Mountain Home,Elmore County,
Idaho.
My commission expires 11-16-2022.
Service Rates
RTI is a quality telecommunicationsservicesÂviderwho provides basic enhanced services at
reasonable rates within its service territory.Emergency911 Services -Exchanges with charges in
Idaho are:394,653,868,864,857 and 796.There is a $1.25 per line charge.
Residential &Business Rates
Local Residence $25.76
Local Business $42.00
Access Recovery Single Line $3.00
Access Recovery Multi-Line $3.00
Fed.Subscriber Line (FCCAccess,1 line)$6.50
Fed.Subscriber Line (FCCAccess,Multi Line)$9.20
Idaho Universal Service Fund Surcharge (IUSF)-(Res)$.25
1daho Universal Service Fund Surcharge (lUSF)-(Bus)$.44
State of Idaho Assistance Program $.00
Ïhe above charges will have federal and local taxes added on.
Toll Blocking Ìskäliable at no charge for low income customers who qualify.
RTI is an Equal Opportunity Employer
In accordance with Federal civil rights law and U.S.Department of Agriculture (USDA)civil fights
regulations and policies,the USDA,its Agencies,offices,and employees,and institutions partici-
pating in or administeringUSDAprograms are prohibited from discriminatingbased on race,color,
national origin,religion,sex,gender identity (including gender expression),sexual orientation,dis-
ability,age,maritalstatus,family/parental status,incorrie derived from a public assistance program,
political beliefs,or reprisal or retaliation for prior civil rights activity,in any program or activity con-
ducted or funded by USDA (not all bases apply to all programs).Remedies and complaint filing
deadlines vary by program or incident.
Persons with disabilities who require altemative means of communicationfor program information
(e.g.,Braille,large print,audiotape,American Sign Language,etc.)should contact the responsible
Agency or USDA's TARGETCenter at [phone] (voice and TTY)or contact USDAthrough the
Federal Relay Service at [phone].
Additionally,program information may be made available in languages other than English.
USDA is an equal opportunity provider,employer and lender.
If you wish to file a Civil Rights program complaint of discrimination,completethe USDA Program
Discrimination Complaint Form (PDF),found online at http://www.ascr.usda.gov/complaint filina
cust.htmi.or at any USDAoffice,or call [phone] to request the form.You may also write a
letter containing all of the information requested in the form.Send your completedcomplaint form or
letter to us by mailat U.S.Departmentof Agriculture,Director,Office of Adjudication,1400 Indepen-
dence Avenue,S.W.,Washington,D.C.20250-9410,by fax [phone] or email at pmgmin,
[e-mail].
Lifeline Low Income Support-How To Apply:
1.To qualify for Lifeline Services,you can apply online by going to the NationalVerifier con-
sumer portal at CheckLifeline.org/IIfeline and creating an account.
2.Apply by mail:You will mailin your lifeline application,household worksheet and proof of
eligibilityto:Lifellne Support Center PO BOX 7081 London KY 40742.Applications are
available to print at:CheckLifeline.org/lifeline
3.Please contact RTI if you need assistance with the lifeline process.
Lifeline is a government program offering qualified low income households a discount on unlim-
ited basic telephone services or Intemet.
17TL
One Publication:March 2,2022
AFFIDAVIT OF PUBLICATION
Countyof ElmoreStateofIdaho N·
I,Joy Martinez,do solemnlyswear that I amtheLegalClerkofthe:
Mountain IIome News
A weeklynewspaper of general circulation,publishedonce a week,in Mountain Home,Idaho,that the notice attached hereto which isapartofpublicationthereof;was published insaidnewspaperforiweek,thepublicationdatehavingbeenmadeon the\$day of _Jug _,2022;in theWednesdayissueofthepaperduringtheperiodandtimeofpublicationandthatthenoticewaspublishedinthepaperproperandnotinasupplementthereof.
And I further swear that the said MountainHomeNewshasbeencontinuouslyanduninterruptedlypublishedinsaidElmoreCountyduringtheperiodof78consecutiveweekspriortothefirstpublicationoftheattachednotice.
al C erk O
Subscribed and sworn to me this day2022.
Notary Public
Residing in Mountain Home,Elmore County,Idaho.
My commission expires 11-16-2022.
RTI
Service Rates
RTI is a quality telecommunications services pr er who provides basic enhanced services at
reasonable rates within its service territory.Emergency 911 Services -Exchanges with charges
in Idaho
are:394,653,868,864,857 and 796.There is a $1.25 per line charge.
Residential &Business Rates
Local Residence
$25.76
Local Business
$42.00
Access Recovery Single Line $3.00
Access Recovery Multi-Line $3.00
Fed.Subscriber Line (FCCAccess,1 fine)$6.50
Fed.Subscriber Line (FCC Access,Multi Line)'$9.20
Idaho Universal Service Fund Surcharge (IUSF)-(Res)$.25
Idaho Univgraal Service Fund Surcharge (IUSF)-(Bus)$.44
State of IdahoAssistance ProgEam ~-~$.00
The above charges will have federal and local taxes added on.
Toll Blocking is available at no charge for low income customers who qualify.
RTI is an Equal Opportunity Employer
in accordance with Federal civil rights law and U.S.Department of Agriculture (USDA)civil rights
regulations and policies,the USDA,its Agencies,offices,and employees,and institutions partici-
pating in or administering USDAprograms are prohibited from discriminatingbased on race,color,
national origin,religion,sex,gender identity (including gender expression),sexual orientation,dis-
ability,age,marital status,family/parental status,incomederived from a public assistance program,
political beliefs,or reprisal or retaliation for prior civil rights activity,in any program or activity con-
ducted or funded by USDA (not all bases apply to all programs).Remedies and complaint filing
deadlines vary by program or incident.
Persons with disabilities who require alternative means of communication for program information
(e.g.,Braille,large print,audiotape,American Sign Language,etc.)should contact the responsible
Agency or USDA's TARGETCenter at [phone] (voice and TTY)or contact USDAthrough the
Federal Relay Service at [phone].Additionally,program information may be made available
in languages other than English.
USDA is an equal opportunity provider,employer and lender.
If you wish to file a Civil Rights program complaint of discrimination,completethe USDA Program
Discrimination Complaint Form (PDF),found online at http://www.ascr.usda.gov/complaint filing
cust.html.or at any USDA office,or call [phone] to request the form.You may also write a
letter containing all of the information requested in the form.Send your completed complaint form
or letter to us by mail at U.S.Department of Agriculture,Director,Office of Adjudication,1400 Inde-
pendence Avenue,S.W.,Washington,D.C.20250-9410,by tax [phone] or
email at [e-mail].
Lifeline Low locome Support-How To Apply:
1.To qualify for Lifeline Services,you can apply online by going to the National\Ïerifier consumer
portal at CheckLifeline,orgilliëline and creating an account.
2..Apply by mail:You will mail in your lifeline application,household worksheet and proof of eli
gibilityto:Lífeline Support Center PO BOX 7081 London KY 40742.Applications are available
to print at :CheckLifeline.org/lifeline
3.Please contact RT1 if you need assistance with the lifeline process.
Lifeline is a government program offering qualified low income households a discount on unlimited
basic telephone services or internet.
IWTI
One Publication:June 15,2022
AFFIDAVIT OF PUBLICATION
County of ElmoreStateofIdaho
I,Joy Martinez,do solemnlyswear that I amtheLegalClerkofthe:
Mountain Home News
A weeklynewspaper of general circulation,-published once a week,in Mountain Home,Idaho,that the notice attached hereto which isapartofpublicationthereof;was publishedinsaidnewspaperforIweek,thepublicationdatehavingbeenmadeon thedayofþec,2022;in theWednesdayissueofthepaperduringtheperiodandtimeofpublicationandthatthenoticewaspublishedinthepaperproperandnotinasupplementthereof.
And I further swear that the said MountainHomeNewshasbeencontinuouslyanduninterruptedlypublishedinsaidElmoreCountyduringtheperiodof78consecutiveweekspriortothefirstpublicationoftheattachednotice.
Ì Cleik '
Su cribed and sworn to me this dayof,2022.
Notary Public
Residingin Mountain Home,Elmore County,Idaho.
My commission expires 11-16-2028.
RTI
Service Rates
RTI is a quality telecommunications services der who provides basic enhanced services at
reasonable rates within its service territory.Emergency911 Services -Exchanges with charges in
Idahoare:394,653,868,864,857 and 796.There is a $1.25 per line charge.
Residential &Business Rates
Local Residence
$25.76
Local Business
$42.00
Access Recovery Single Line S 3.00
-'MRecoveryRutti-Line $3.00
Fed.Subscriber Line (FCCAccess,1 line)$6.50
Fed.Subscriber Line (FCC Access,Multi Line)$9.20
Idaho Universal Service Fund Surcharge (IUSF)-(Res)$.25
Idaho Universal Service Fund Surcharge (IUSF)-(Bus)$.44
State of IdahoAssistance Program $.00
The above charges will have federal and local taxes added on.
Toll Blocking is available at no charge for low income customers who qualify.
RTI is an Equal OpportunityEmployer
in accordance with Federal civil rights law and U.S.Department of Agriculture (USDA)civil rights
regulations and policies,the USDA,its Agencies,offices,and employees,and institutions partici-
pating in or administering USDA programs are prohibitedfrom discriminating based on race,color,
national origin,religion,sex,gender identity (including gender expression),sexual orientation,dis-
ability,age,maritalstatus,family/parental status,income derived from a public assistance program,
political beliefs,or reprisal or retaliation for prior civil rights activity,in any program or activity con-
ducted or funded by USDA (not all bases apply to all programs).Remedies and complaint filing
deadlines vary by program or incident.
Persons with disabilities who require alternative means of communication for program information
(e.g.,Braille,large print,audiotape,American Sign Language,etc.)should contact the responsible
Agency or ttSDA's TARGETCenter at [phone] (voice and TTY)or contact USDAthrough the
Fedaral Relay Sentice at (800)8774839.
Additionally,program information may be made vallable in languages other than English.
USDAis an equal opportunity provider,employer an Tder---
if you wish to file a Civil Rights program complaint of discrimination,complete the USDA Program
Discrimination Complaint Form (PDF),found online at http://www.ascr.usda.gov/complaint filing
cust.html.or at any USDA office,or call [phone] to request the form.You may also write a
letter containing att of the information requested in the form.Send your completed complaint form
or letter to us by mail at U.S.Department of Agriculture,Director,
Office of Adjudication,1400 Independence Avenue,S.W.,Washington,D.C.20250-9410,by fax
[phone] or email at proaram intake(Onsda.nov
Lifeline Low income Support-How To Apply:
1.To qualify for Lifeline Services,you can apply online by going to the National Verifier
consumer portal at CheckLifeline.org/lifeline and creating an account
2.Apply by mail:You will mail in your lifeline application,household worksheet and proof of
eligibility to:Lifeline Support Center PO BOX 7081 London KY 40742,Applications are
availableto print at :CheckLifeline.org/lifeline
3.Please contact RTI if you need assistance with the lifeline process.
Lifeline is a government program offering qualified low income households a discount on unlimited
basic telephoneservices or Internet.
IT TL
One Publication:December 14,2022
Beautort Gazette The Herald -F4cck Hill el Nuevo Herald -Miami bun News -Myrtle Beach
.Belleville Mews-Derrrerat Herald Sun -Durham Modsto Bee The News Tribune Tacoma
Bellingharn Herald idaho Statesman Paleigh News &Obserær T he T legraph -MaconrË
,
-Bradenton Herald island Dacket The Olyrnpian San Luis Obispo TriburefÊ>,NÍ CCLAT(HY Centre Daily Times Kansas Oty Star Sacr.amentoBee Tri-City Herald
Charlotte Observer Le×ington Herald-Leader Fort WC<th Star-Telegrarn Wichtta Eagle
Colurnt>as Ledger-Erquirer Mercea Sun-Star The State -Columbia
Fresro Bee Miami Herald Sun Herald -Biloxi
Pagelof1
RTI -RURAL TELEPHONE COMPANY INVOKE
Atto:Accounts Payable invoice No.:102999
892 W MADISON AVE Invoice Date:02/28/2022GLENNSFERRY,ID 836232374
Due Date·03/30/2022
BIN-To Account·24613
Sales Rep:Julie Ambry
|Billed TimesDatesOrderNo.Destdpuon Product She Units Run
02/24/2022 -02/24/2022 223005 Print Legal Ad BOI-Idaho Statesman 2 x 59 L 118 L 1 $73.28
IPLOO61884 Legal|Legals&Public Notices (LS
Summary
Amount Due·$73.28
m----------mmmmmmmmmmmmm------------------------------------
Please Retum This Portion With Your Payment (Thank You)
Beautort Gazette The Herald -Ro:W Hill el Nueve Herald -Miami Sun News -Myrtle BeachBellemlleNews-Derro:rat Herald Sun -Durham Modesto Bee The News Tribure TacomaBellingharnHeraldIdahoStatesmanRaleighNews&Obserær The Telegraph -MaconBradentonHeraldIslandPacketTheOlympianSanLuisObispoTrureCentreDailyTimesKansasCityStarSacramentoBeeTn-City HeraldCharlotteObserwrLexingtonHerald-Leader Fort Werth Star-Telegrarn Wichita EagleColurntusLedger-Erquirer Merced5un-Star TheState ColumbiaFresroBeeMiamiHeraldSunHerald-Biloxi
Pagelofl
RTI -RURAL TELEPHONE COMPANY JUNE INVOIŒ
Attn:Accounts Payable invoice No;131626892WMADISONAVE
Invoice Date·06/30/2022GLENN5FERRY,ID 836232374
DueDate 07/30/2022
Bill-To Account 24613
Sales Rep:Haley Martin
06/12/2022 -06/12/2022 275359 Print LegalAd B0l-IdahoStatesman 2 x 58 L 116 L 1 $71,80IPLOO76867LegalILegals&Public Notices US
June Summary
Amount Due:$71.80
-------------mmm--m--mm--------------------.m--------------
Beaufort Gazette The Herald -Rcck Hill el Nuevo Herald -Miami Sun News -Myrtte Bexh
Belleville News-Derrx:crat Herald Sun -Durham Modesto Bee The News Tribune Tacoma
Bellingham Herald Idaho Statesman Raleigh News &Obserwr The Telegraph -Macon
Bradenton Herald NJand Packet The Olympian San Luis Obispo Tribunef/>ÌVICCLATCH Y Centre Daily Times Kansas Oty Star Sacramento Bee Tri-Oty Herald
Charlotte Observer Lexington Herald-Leader Fort Werth Star-Telegram Wichita T-agle
Colurnbus Ledger-Erv4uirer Merced Sun-Star The State -ColumbiaFresnoBeeMiantiHeraldSunHerald-Bilaxi
AFFIDAVIT OF PUBLICATION
Account#Order Number Identification Order PO Amount Cols Depth
24613 357435 Print Legal Ad-IPLO1014470 -IPLO101447 $71.80 2 51L
Attention:SANDY STUMP Bettina Jantzen,being duly sworn,deposes and
says:That she is the Principal Clerk of The IdahoRTI-RURAL TELEPHONECOMPANY
892 W MADISON AVE Statesman,a daily newspaper printed and
published at Boise,Ada County,State of Idaho,GLE NNS FERRY,ID 836232374 and having a general circulation therein,and which
said newspaper has been continuously and
uninterruptedly published in said County during a.............................................^¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯
period of twelve consecutive monthsprior to theservicenates'first publication of the notice,a copy of which is
RTI is a quality telecommunications services provider who provides basic en-|attached hereto:that said notice was published inhancedservicesatreasonablerateswithinitsserviceterritory.Emergency 911 =
Services -Exchanges with charges in Idaho are:394,653,868,864,857 and ;The Idaho Statesman,in conformity with Section796.There is a $125 per line charge '60-108.Idaho Code,as amended,for:Residential &Business RatesLocalResidence S 25.76LocalBusiness$42.00AccessRecoverySingleLine$3.00 1 Ín5eftÍ0n(s)published on:Access Recovery Multi-Line S 3.00Fed.Subscriber Line (FCC Access,i line)S 6.50 12/12/22Fed.Subscriber Une (FCC Access,Multi Line)$920IdahoUniversalServiceFundSurcharge(IUSF)-(Res)$25IdahoUniversalServiceFundSurcharge(IUSF)-(Bus)$.44StateofIdahoAssistanceProgram$.00
The above charges will have federal and local taxes added on.
Toll Blocking is available at no charge for low income customers who qualify.
RTI is an Equal Opportunity Employer
in accordance with Federal civil rights law and U.S.Department of Agriculture
(USDA)civil rights regulations and policies,the USDA,its Agencies,offices,andemployees,and institutions participating in or administering USDAprograms areprohibitedfromdiscriminatingbasedonrace,color,national origin,religion,sex,gender identity (including gender expression),sexual orientation,disability,age,marital status,family/parental status,income derived from a public assistanceprogram,political beliefs,or reprisal or retaliation for prior civil rights activky,(Legals derk)In any program or activity conducted or funded by USDA (not all bases applytoallprograms).Remedies and complaint filing deadlines vary by program orincident.On this12th day of December in the year of 2022 beforePersonswithdisabilitieswhorequirealternativemeansofcommunicationforprograminformatlon(e.g.,Braille,large print,audiotape,American Sign Lan-me,a Notary Public,personally appeared before me
guage,etc.)should contact the responsible Agency or USDA's TARGET Center Bettina JantZen known or identified to me to be theat(202)720-2600 (voice and TTY)or contact USDA through the Federal RelayServiceat(800)877-8339.Additionally,program information may be made avail-person whosename subscribed to the within
able in languages other than English.Instrument,and being by first duly sworn,declaredthatUSDAisanequalopportunityprovider,employer and lender.
If youwish to filea Civil Rights program complaint ofdiscrimination,complete the the statements therein are true,and acknowledgedto
USDA Program Discrimination Complaint Form (PDF),found online at http1/www me that she executed the same.ascr.usda.gov/complaint_filing_cust.htmi,or at any USDA office,or call [phone] to request the form.You may also write a letter containing all of theinformationrequestedintheform.Send your completed complaint form or lettertousbymailatU.S.Department of Agriculture,Director,Office of Adjudication,1400 Independence Avenue,S.W.,Washington,D.C.20250-9410,by fax [phone] or email at [e-mail] Low Income Support-How To Apply:
To qualify for Lifeline Services,you can apply online by going to the NationalVerifierconsumerportalatCheckLifeline.org/lifeline and creating an account.Apply by mail:You will mail in your lifeline application,household worksheet 4 ,and proof of eligibility to:Lifeline Support Center PO BOX 7081 London KY40742.Applications are available to print at :CheckLifeline.org/lifelinePleasecontactRTIifyouneedassistancewiththelifelineprocess.Lifeline is a government program offering qualified low income households a Notary Public in andfor the state ot Texas,residingindiscountonunlimitedbasictelephoneservicesorintemet.Da |BS COUntyIPLO101447Dec122022
k.STEPHANIE HATCHER
M MyNotary ID #133534400
Expires January 14,2026
|Extracharge for lostor duplicateaffidavits.
|Legal documentplease do not destroy!
CERTIFICATE
State of Idaho )
)ss
County of )
WE,the undersigned Michael J.Martell
and Mark R.Martell
of the Rural Telephone Company 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 thin t rein set forth,to the best of
our knowledge,information and belief.
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me this day of ,(Year)
Notary Public
My Commissionexpires ,(Year)
I THERESA M WILSON
Notary Public -State of Idaho
Commission Number 37959
Rev 3/02 My Commission Expires Jul 28,2028
gdklexcel/jnelsonlanulrpts/telannualrpt
Page 21
R TITM
RURAL TELECOM 892 W.Madison Ave.,Glenns Ferry,10 83823
May 22,2023
Idaho Public Utilities Commission
PO Box 83720
Boise,ID 83720-0074
Attention:Terri Carlock
Dear Ms.Carlock:
Enclosed you will find the 2022 IPUC Annual Report for Rural Telephone Company.Along with the Annual Report is the Telecommunications Utilities Form I and a copy ofRuralTelephoneCompany's audited fmancial statements.
If you need further assistance,please contact me.
Sincerely,
Tom Halvorson
Accountant
Rural TelephoneCompany
208/366-2614
tom.hah
IDAHO UNIVERSAL SERVICE FUND
2023 ANNUAL REPORT REQUEST DUE JUNE 1,2023 Page 1
LOCAL RATES
COMPANY NAME:GC Pivotal,LLC EMAIL:[e-mail]
PREPARED BY:Nick Caragher PHONE:[phone]
ILOCALRATEAS OF MAY 1,2023 FOR FLAT ONE-PARTY SERVICE,INCLUDING ANYMANDATORYEASSURCHARGE,EXCLUDING RURAL OR MILEAGE CHARGES.
RESIDENCE BUSINESS
N/A 0 0 0 0 0 0
TOTAL 0 0 0 0 0 0
COMPANY WEIGHTED
AVERAGE RATE (TOTAL(COL.CICOL.A)/12)
IDAHO UNIVERSAL SERVICE FUND
2023 ANNUAL REPORT REQUEST DUE JUNE 1,2023 Page 2
ACCESS LINES
COMPANY NAME:GC Pivotal,LLC EMAIL:[e-mail]
PREPARED BY:Nick Caragher PHONE:[phone]
ACCESS LINES AT OF MAY 1,2023 FOR CALCULATION OF LOCAL SURCHARGE.
RESIDENTIAL BUSINESS
SINGLE PARTY SERVICE O O
MULTI PARTY SERVICE O 0
SEMI-PUBLIC PAY SERVICE O 0
PUBLIC ACCESS LINE FOR CUSTOMER
OWNED PAY TELEPHONES O 0
CENTROM,CENTREX AND
OTHER CO BASED SYSTEMS.O 0
LOCAL SERVICE TRUNKS
ASSOCIATED WITH PBX SYSTEMS 0 0
TOTAL LOCAL SERVICE
ACCESS LINES 0 0
*INCLUDE ONLY THE PUBLIC NETWORK ACCESS LINES TO THIS KIND OF EQUIPMENT,
NOT THE NUMBER OF STATION LINES BEHIND THE EQUIPMENT.
IDAHO UNIVERSAL SERVICE FUND
2023 ANNUAL REPORT REQUEST DUE JUNE 1,2023 Page 3
ACCESS MINUTES &REVENUES
COMPANY NAME:GC Pivotal,LLC Email:nick.caragher@claconnect com
PREPARED BY:Nick Caragher PHONE:[phone]
2022 ACCESS RATES ANNUAL
RATE ELEMENT INTRASTATE AT REVENUES AT
ACCESS MINUTES May 1,2023 CURRENT RATES
CARRIER COMMON LINE ACCESS
1 ORIGINATING 0 0 0
2 TERMINATING o o O
3 TOTAL CCL ACCESS (SUM LINES 1-2)0 0 0
SWITCHED ACCESS SERVICE
4 LOCAL TRANSPORT (COMPOSITE RATE)0 0 0
5 LOCAL SWITCHING
6 LS1-FGA &FGB,PER MINUTE o O 0
7 LS2-FGC &FGD,PER MINUTE o o o
8 LINE TERMINATION,PER MINUTE o o o
9 INTERCEPT,PER MINUTE o O 0
10 TOTALSWITCHED ACCESS
(SUM LINES 4-9)o o o
11 BILLING&COLLECTION REVENUE (AT MAY 2023 RATES BASED ON 2022 TOTAL
MESSAGES BILLED FOR MTSIWATS ACCESS SERVICES.)0
12 TOTALACCESS REVENUES (SUM LINES 3,10,AND 11)O
SPECIAL ACCESS REVENUES (AT CURRENT RATES)0
*IF DIFFERENT EXCHANGES HAVE DIFFERENT RATES,EACH RATE MUST BE REPORTED AS A SEPARATE LINE ITEM,
INDICATING THE EXCHANGES IN WHICH SERVICE IS OFFERED AT EACH RATEAND TOTAL NUMBER OF MINUTES BILLED TO SERVICE
AT EACH RATE (IDAPA 31.N.3.13)
IDAHO UNIVERSAL SERVICE FUND
2023 ANNUAL REPORT REQUEST DUE JUNE 1,2023
ACCESS LINES
COMPANY NAME:GC Pivotal,LLC EMAIL:nick.caragher@claconnect com
PREPARED BY:Nick Caragher PHONE:[phone]
PART A:
2022 2022
INTRASTATE INTRASTATE
MTS/WATS MTS/WATS
BILLED MINUTES BILLED REVENUES
MTS
SAGE TELECOMMUNICATION SERVICE)o 0
WATS
AREA TELECOMMUNICATION SERVICE)0 0
OTHER
O O
TOTAL 0 0
NOTE:THESE MINUTES SHOULD REFLECT ALL MINUTES ACTUALLY
CARRIED BY YOUR COMPANY,WHETHER BILLED DIRECTLY
BY YOU OR THROUGH ANOTHER COMPANY.
PART B:
THOSE LEC'S PROVIDING INTRASTATE MTS/WATS SERVICES MUST ALSO CONVERT
ANNUAL BILLED MTS/WATS MINUTES INTO EQUIVALENT ACCESS MINUTES.THE METHOD
USED TO CONVERT BILLED TOLL MINUTES INTO EQUIVALENT ACCESS MINUTES MUST BE
SHOWN WITH THE TOLL MINUTES USED IN THE CALCULATION.
EQUIVALENT ACCESS MINUTES FROM COMPANY
0PROVIDEDMTSIWATSSERVICES
luri"Il-I·llll·ninil·ll·llInl III·rillrl Ililliinirl"
1 /35IDPUC
PO Box 83720
Boise,ID 83720-0074
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Fe
d
e
r
a
l
In
c
o
m
e
Ta
x
(C
u
r
r
e
n
t
)
25
.
21
,
5
9
9
6,
5
7
9
3,
1
6
4
9,7
4
3
5,
0
4
0
77
54
6,
6
8
5
11
,
8
5
6
72
5
0
Ne
t
De
f
e
r
r
e
d
In
c
o
m
e
Ta
x
e
s
26
.
-3
3
,
6
4
1
(1
0
,
2
4
6
)
(4
,
9
2
8
)
(1
5
,
1
7
5
)
(7
,
8
5
0
)
(1
2
0
)
(8
4
)
(1
0
,
4
1
2
)
(1
8
,
4
6
6
)
72
1
0
Ne
t
In
v
e
s
t
m
e
n
t
Ta
x
Cr
e
d
i
t
s
27
.
0
-
-
-
-
-
-
To
t
a
l
Ta
x
e
s
28
.
57
,
4
8
0
15
,
6
5
0
7,
2
0
1
22
,
8
5
2
13
,
3
6
4
24
7
17
3
20
,
8
4
4
34
,
6
2
9
Ne
t
Op
e
r
a
t
i
n
g
in
c
o
m
e
29
.
-3
2
8
,
5
9
3
56
8
,
7
3
2
31
,
3
5
3
60
0
,
0
8
5
(6
1
7
,
6
5
9
)
(9
,
7
3
2
)
(6
,
8
4
8
)
(2
9
4
,
4
4
0
)
(9
2
8
,
6
7
9
)
Pa
g
e
1
of
8
SU
M
M
e
A
R
R
Y
(c
a
s
n
t
i
n
u
e
d
)
20
0
1
Te
l
e
c
o
m
.
Pl
a
n
t
in
Se
r
v
i
c
e
(5
b
)
1.
15
,
5
6
4
,
4
5
9
4,
2
7
3
,
0
3
2
1,
9
7
3
,
1
5
5
6,
2
4
6
,
1
8
8
3,
6
1
9
,
6
1
4
66
,
1
7
5
46
,
4
1
9
5,
5
8
6
,
0
6
3
9,3
1
8
,
2
7
1
20
0
5
Pla
n
t
Ac
q
u
i
s
i
t
i
o
n
Ad
j
u
s
t
m
e
n
t
2.
O
-
-
-
-
-
-
31
0
0
Le
s
s
:
Ac
c
u
m
u
l
a
t
e
d
De
p
r
.
(-)
(5
c
)
3.
-1
3
,
0
6
2
,
0
4
Š
(3
,
5
7
9
,
6
6
8
)
(1
,
6
8
4
,
4
7
8
)
(5
,
2
6
4
,
1
4
6
¶
(3
,
0
4
3
,
2
9
5
)
(5
5
,
6
6
5
)
(3
8
,
0
1
6
)
(4
,
6
6
0
,
9
2
3
)
(7
,
7
9
7
,
8
9
9
)
34
x
x
-
3
6
x
x
Ac
c
u
m
u
l
a
t
e
d
Am
o
r
t
.
(-)
(5
)
4.
-5
5
,
7
0
9
(1
5
,
2
9
4
)
(7
,
0
6
2
)
(2
2
,
3
5
7
)
(1
2
,
9
5
5
)
(2
3
7
)
(1
6
6
)
(1
9
,
9
9
4
)
(3
3
,
3
5
2
)
41
0
0
-
4
3
4
0
Ac
c
u
m
.
De
f
e
r
r
e
d
Ta
x
(-
)
_
5.
-3
7
8
,
9
3
Š
(9
3
,
5
3
6
)
(2
2
,
4
2
8
)
(1
1
5
,
9
6
4
)
_
(9
0
,
7
9
0
)
(1
,
9
4
1
)
(1
,
5
9
4
)
(1
6
8
,
6
4
9
)
(2
6
2
,
9
7
4
)
12
2
0
Ma
t
e
r
i
a
l
s
an
d
Su
p
p
l
i
e
s
6.
25
6
,
4
0
0
63
,
0
1
5
16
,
5
5
1
79
,
5
6
6
61
,
6
1
6
1,
3
0
4
1,
0
6
0
11
2
,
8
5
4
17
6
,
8
3
4
----
Eq
u
a
l
Ac
c
e
s
s
Eq
u
i
p
m
e
n
t
(7
)
7.
O
-
-
-
-
-
-
----
Ot
h
e
r
Ra
t
e
Ba
s
e
8.
87
,
2
3
5
26
,
4
2
1
12
,
5
6
7
38
,
9
8
8
20
31
9
m
26
,
9
6
5
48
,
2
4
7
To
t
a
l
Av
e
r
a
g
e
Ra
t
e
Ba
s
e
9.
2,
4
1
1
,
4
0
2
67
3
,
9
7
1
28
8
,
3
0
4
96
2
,
2
7
6
55
4
,
9
4
7
9,
9
5
5
7,
9
0
8
87
6
,
3
1
7
1,
4
4
9
,
1
2
6
Pa
g
e
2
of
8
PL
A
N
T
IN
SE
R
V
I
C
E
DE
T
A
I
L
21
X
X
Ge
n
e
r
a
l
Su
p
p
o
r
t
Fa
c
i
l
i
t
i
e
s
1.
1,
9
4
7
,
6
2
1
53
4
,
6
9
6
24
6
,
9
0
6
78
1
,
6
0
2
45
2
,
9
3
2
8,
2
8
1
5,
8
0
9
69
8
,
9
9
9
1,
1
6
6
02
0
22
X
X
Ce
n
t
r
a
l
Of
f
i
c
e
Eq
u
i
p
m
e
n
t
:
CA
T
1-
O
p
e
r
a
t
o
r
Sy
s
t
e
m
s
2.
0
-
-
CA
T
2-
T
a
n
d
e
m
Sw
i
t
c
h
i
n
g
(A
l
l
o
c
.
)
3.
O
-
-
-
-
-
-
CA
T
2-
T
a
n
d
e
m
Sw
i
t
c
h
i
n
g
(A
s
s
i
g
n
.
)
4,
0
-
-
-
-
-
-
CA
T
3-
L
o
c
a
l
Sw
i
t
c
h
i
n
g
5.
39
6
,
9
1
7
33
7
,
3
8
0
-
33
7
,
3
8
0
-
-
-
59
,
5
3
8
59
,
5
3
8
CA
T
4.
1
2
-E
x
c
h
.
Tr
u
n
k
(J
o
i
n
t
Us
e
)
6.
3,0
7
8
-
-
-
-
-
3,
0
7
8
_
-
3,
0
7
8
CA
T
4.
1
2
-E
x
c
h
.
Tr
u
n
k
(D
e
d
.
Us
e
)
7.
1,
0
5
3
,
7
2
8
-
1,
0
4
9
,
4
6
5
1,
0
4
9
,
4
6
5
-
4
26
4
-
4,
2
6
4
CA
T
4.
1
3
-S
u
b
s
c
r
.
Li
n
e
(J
o
i
n
t
Us
e
)
8.
1,
6
3
1
,
9
2
4
40
7
,
9
8
1
-
40
7
,
9
8
1
40
7
,
9
0
-
-
81
5
,
9
6
2
1,
2
2
3
,
9
4
3
CA
T
4.
1
3
-S
u
b
s
c
r
.
Li
n
e
(D
e
d
.
Us
e
)
9.
0
-
-
-
-
-
CA
T
4.
2
3
-l
X
Tr
u
n
k
(J
o
i
n
t
Us
e
)
10
1,
2
7
5
,
1
2
1
72
1
,
9
7
4
-
72
1
,
9
7
4
55
3
,
1
4
8
-
-
-
55
3
,
1
4
8
hr
64
,
6
9
0
-
57
,
4
4
5
57
,
4
4
5
-
7,
2
4
5
5
To
t
a
l
CO
E
14
4,
4
2
5
,
4
5
8
1,
4
6
7
,
3
3
4
1,
1
0
6
,
9
0
9
2,
5
7
4
,
2
4
4
96
1
,
1
2
9
11
,
5
0
9
3,
0
7
8
87
5
,
5
0
0
1,
8
5
1
,
2
1
5
3X
X
Ít
i
f
o
r
m
a
t
i
o
n
Or
i
/T
n
Eq
u
Ï
p
m
e
n
CA
T
1-
R
e
g
u
l
a
t
e
d
CP
E
15
0
-
-
-
-
-
-
-
Ot
h
e
r
IO
T
16
.
0
-
-
-
-
-
-
-
To
t
a
l
10
T
17
.
O
O
-
-
-
-
-
-
24
X
X
Ca
b
l
e
&
Wir
e
Fa
c
i
l
i
t
i
e
s
:
CA
T
1.
3
-
S
u
b
s
c
r
i
b
e
r
Lin
e
(C
o
m
m
o
n
)
18
.
7,
7
2
2
,
7
8
7
1,
9
3
0
,
6
9
_
7
-
1,
9
3
0
,
6
9
7
1,
9
3
0
,
6
9
7
-
3,
8
6
1
,
3
9
4
5,7
9
2
,
0
9
0
CA
T
1.
1
,
2
-
S
u
b
s
c
r
i
b
e
r
Lin
e
(D
e
d
.
)
19
.
O
-
-
-
-
-
-
CA
T
2-
E
x
c
h
.
Tr
u
n
k
(J
o
i
n
t
Us
e
)
20
.
36
,
2
8
5
-
-
-
36
,
2
8
5
-
36
,
2
8
5
CA
T
2-
E
x
c
h
.
Tr
u
n
k
(D
e
d
.
Us
e
)
21
.
40
,
3
3
1
-
20
,
1
6
5
20
,
1
6
5
-
20
,
1
6
5
-
20
,
1
6
5
CA
T
3-
l
X
Tr
u
n
k
(J
o
i
n
t
Us
e
)
22
.
40
2
,
9
8
3
22
5
,
4
3
3
-
22
5
,
4
3
3
17
7
,
5
5
0
-
-
-
17
7
,
5
5
0
CA
T
3-
l
X
Tr
u
n
k
(D
e
d
.
Us
e
)
23
.
57
0
,
5
7
1
-
54
6
,
1
3
0
54
6
,
1
3
0
-
24
,
4
4
1
-
-
24
,
4
4
1
CA
T
4-
H
o
s
t
/
R
e
m
o
t
e
Tr
u
n
k
24
.
0
-
-
-
-
-
-
-
Ot
h
e
r
C&
W
F
25
0
-
-
-
-
-
-
-
To
t
a
l
C&
W
F
26
.
8,
7
7
2
,
9
5
7
2,
1
5
6
,
1
3
0
56
6
,
2
9
5
2,
7
2
2
,
4
2
5
2,
1
0
8
,
2
4
7
44
,
6
0
6
36
,
2
8
5
3,
8
6
1
,
3
9
4
6,
0
5
0
,
5
3
2
26
X
X
Ot
h
e
r
As
s
e
t
s
:
Ca
p
i
t
a
l
Le
a
s
e
s
_
27
.
13
4
,
7
3
0
36
,
9
8
8
17
,
0
8
0
54
,
0
6
9
31
,
3
3
2
57
3
40
2
48
,
3
5
4
80
,
6
6
1
Le
a
s
e
h
o
l
d
im
p
r
o
v
e
m
e
n
t
s
28
.
0
-
-
-
-
-
-
-
in
t
a
n
g
i
b
l
e
s
29
.
0
-
-
-
-
-
-
To
t
a
l
Ot
h
e
r
As
s
e
t
s
30
.
13
4
,
7
3
0
36
,
9
8
8
17
,
0
8
0
54
,
0
6
9
31
,
3
3
2
57
3
40
2
48
,
3
5
4
80
,
6
6
1
To
t
a
l
Te
l
e
c
o
m
.
Pl
a
n
t
in
Se
r
v
i
c
e
(5
b
)
31
.
15
,
2
8
0
,
7
6
6
4,
1
9
5
,
1
4
8
1,9
3
7
,
1
9
1
6,
1
3
2
,
3
3
9
3,
5
5
3
,
6
4
0
64
,
9
6
9
45
,
5
7
3
5,
4
8
4
,
2
4
6
9,
1
4
8
,
4
2
8
Pa
g
e
3
of
8
De
p
r
e
c
i
a
t
i
o
n
&
Am
o
r
t
i
z
a
t
i
o
n
Ac
c
u
m
u
l
a
t
e
d
De
p
r
e
c
i
a
t
i
o
n
De
t
a
i
l
31
1
X
Ge
n
e
r
a
l
Su
p
p
o
r
t
Fa
c
i
l
i
t
i
e
s
1.
1,
5
8
4
,
3
7
9
43
4
,
9
7
2
20
0
,
8
5
7
63
5
,
8
2
9
36
8
,
4
5
8
6,
7
3
6
4,
7
2
5
56
8
,
6
3
2
94
8
,
5
5
1
31
2
X
Ce
n
t
r
a
l
Off
i
c
e
Sw
i
t
c
h
i
n
g
2.
32
4
,
5
2
4
27
5
,
8
4
6
-
27
5
,
8
4
6
-
-
-
48
,
6
7
9
48
,
6
7
9
31
2
X
Op
e
r
a
t
o
r
Sy
s
t
e
m
s
3.
0
-
-
-
-
-
-
-
31
2
X
Ce
n
t
r
a
l
Off
i
c
e
Tr
a
n
s
m
i
s
s
i
o
n
4.
3,
6
6
4
,
0
1
6
1,
0
2
8
,
2
3
6
1,
0
0
6
,
8
8
4
2,
0
3
5
,
1
2
0
87
4
,
4
5
1
10
,
4
7
2
2,
8
0
4
1,
1,
6
2
8
,
8
5
Š
31
3
X
in
f
o
r
m
a
t
i
o
n
Or
i
g
/
T
e
r
m
.
Eq
u
i
p
.
5.
0
-
-
-
-
-
-
31
4
X
Ca
b
l
e
&
Wir
e
Fa
c
i
l
i
t
i
e
s
6.
7,
4
8
9
,
1
2
6
1,
8
4
0
,
6
1
4
47
6
,
7
3
7
2,
3
1
7
,
3
5
1
1,8
0
0
,
3
8
7
38
,
4
5
7
30
,
4
8
8
3,
3
0
2
,
4
4
4
5,
1
7
1
,
7
7
5
To
t
a
l
Ac
c
u
m
u
l
a
t
e
d
De
p
r
e
c
i
a
t
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o
n
(S
c
)
7.
13
,
0
6
2
,
0
4
5
3,
5
7
9
,
6
6
8
1,
6
8
4
,
4
7
8
5,
2
6
4
,
1
4
6
3,
0
4
3
,
2
9
5
55
,
6
6
5
38
,
0
1
6
4,
6
6
0
,
9
2
3
7,7
9
7
,
8
9
9
Ac
c
u
m
u
l
a
t
e
d
Am
o
r
t
i
z
a
t
i
o
n
De
t
a
i
l
ŠÌ
1
0
Ca
L
ea
s
e
5
09
f5
29
4
06
2
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5
7
12
,
9
5
5
23
7
66
19
,
9
9
4
3
5
34
2
0
Le
a
s
e
h
o
l
d
Im
p
r
o
v
e
m
e
n
t
s
9.
O
-
-
-
-
-
-
-
35
0
0
In
t
a
n
g
i
b
l
e
s
10
.
O
-
-
-
-
36
0
0
Ac
q
u
i
s
i
t
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n
Ad
j
u
s
t
m
e
n
t
11
.
0
-
-
-
To
t
a
l
Ac
c
u
m
u
l
a
t
e
d
Am
o
r
t
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z
a
t
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o
n
(5
c
)
12
.
55
,
7
0
9
15
,
2
9
4
7,
0
6
2
22
,
3
5
7
12
,
9
5
5
23
7
16
6
19
,
9
9
4
33
,
3
5
2
Pa
g
e
4
of
8
OP
E
R
A
T
I
N
G
EX
P
E
N
S
E
DE
T
A
I
L
61
X
X
-
6
4
X
X
Pla
n
t
Sp
e
c
i
f
i
c
Op
e
r
a
t
i
o
n
s
61
1
0
-
2
0
Ge
n
e
r
a
l
Su
p
p
o
r
t
Fa
c
i
l
i
t
i
e
s
1.
15
7
,
8
0
1
43
,
20
,
0
0
5
63
,
3
2
7
36
,
6
9
8
67
1
47
1
56
,
6
3
5
94
,
4
7
4
62
1
X
Ce
n
t
r
a
l
Of
f
i
c
e
Sw
i
t
c
h
Ï
n
g
2.
17
5
,
8
3
5
58
,
3
0
1
43
,
9
8
0
10
2
,
2
8
2
38
,
1
8
8
45
7
12
2
34
,
7
8
6
73
,
5
5
4
62
2
0
Op
e
r
a
t
o
r
Sy
s
t
e
m
s
3.
0
-
-
-
-
62
3
X
Ce
n
t
r
a
l
Of
f
i
c
e
Tr
a
n
s
m
i
s
s
i
o
n
4.
25
2
,
8
0
7
_
83
,
8
2
2
63
,
2
3
3
,0
5
5
54
,
9
0
5
65
7
50
,
0
1
3
10
5
,
7
5
2
63
X
X
In
f
o
r
m
a
t
i
o
n
Or
i
g
.
/
T
e
r
m
.
Eq
u
i
p
.
5.
O
-
-
-
-
-
-
64
X
X
Ca
b
l
e
&
Wir
e
Fa
c
i
l
i
t
i
e
s
6.
35
0
,
9
5
9
86
,
2
5
5
22
,
6
5
4
10
8
,
9
1
0
84
,
3
4
0
1,
7
8
4
1,
4
¾
15
4
,
4
7
4
24
2
,
0
4
9
To
t
a
l
Pl
a
n
t
Sp
e
c
i
f
i
c
(5
a
)
7.
93
7
,
4
0
2
27
1
,
7
0
1
14
9
,
8
7
3
42
1
,
5
7
3
21
4
,
1
3
0
3,
5
7
0
2,
2
2
0
29
5
,
9
0
7
51
5
,
8
2
8
65
X
X
Pla
n
t
No
n
s
p
e
c
i
f
i
c
Op
e
r
a
t
i
o
n
s
(8
)
65
1
2
Pr
o
v
i
s
i
o
n
i
n
g
8.
O
-
-
-
-
-
-
-
65
3
X
Ne
t
w
o
r
k
Op
e
r
a
t
i
o
n
s
9.
15
0
,
7
2
1
41
,
3
7
9
19
,
1
0
7
60
,
4
8
6
35
,
0
5
1
64
1
45
0
54
,
0
9
4
90
,
2
3
5
65
4
0
Ac
c
e
s
s
Pa
i
d
to
LE
C
s
(9
)
10
.
4,
7
5
3
4,
7
5
3
-
4,
7
5
3
-
-
-
-
To
t
a
l
Pl
a
n
t
No
n
s
p
e
c
i
f
i
c
(5
a
)
11
.
15
5
,
4
7
4
46
,
1
3
2
19
,
1
0
7
65
,
2
3
9
35
,
0
5
1
64
1
45
0
54
,
0
9
4
90
,
2
3
5
65
6
X
De
p
r
e
c
i
a
t
i
o
n
&
Am
o
r
t
i
z
a
t
i
o
n
(8
)
65
6
1
Ge
n
e
r
a
l
Su
p
p
o
r
t
Fa
c
i
l
i
t
i
e
s
12
.
10
7
,
8
8
4
29
,
6
1
8
13
,
6
7
7
43
,
2
9
5
25
,
0
8
9
45
9
32
2
38
,
7
2
0
64
,
5
8
9
65
6
1
Ce
n
t
r
a
l
Off
i
c
e
Sw
i
t
c
h
i
n
g
13
.
57
,
5
7
0
48
,
9
3
5
-
48
,
9
3
5
-
-
-
8,
6
3
6
8,
6
3
6
65
6
1
Op
e
r
a
t
o
r
Sy
s
t
e
m
s
14
.
_
_
0
-
-
-
-
-
65
6
1
Ce
n
t
r
a
l
Off
i
c
e
Tr
a
n
s
m
i
s
s
i
o
n
15
.
29
4
,
9
4
6
82
,
7
7
1
81
,
0
5
2
16
3
,
8
2
3
70
,
3
9
1
84
3
22
6
59
,
6
6
3
13
1
,
1
2
3
65
6
1
In
f
o
r
m
a
t
i
o
n
Or
i
g
/
T
e
r
m
.
Eq
u
i
p
.
16
.
0
-
-
-
-
-
-
-
65
6
1
Ca
b
l
e
&
Wir
e
Fa
c
i
l
i
t
i
e
s
17
.
37
6
,
9
1
5
92
,
6
2
7
30
,
0
4
2
12
2
,
6
6
9
90
,
0
1
6
1,5
8
8
1,
9
7
5
16
0
,
6
6
7
25
4
,
2
4
6
65
6
3
Ca
p
i
t
a
l
Le
a
s
e
s
18
.
3,
9
4
2
1,
0
8
2
50
0
1,
5
8
2
91
7
17
12
1,
4
1
5
2,
3
6
0
65
6
3
Le
a
s
e
h
o
l
d
Im
p
r
o
v
e
m
e
n
t
s
19
.
_
0
-
_
-
-
65
6
4
In
t
a
n
g
i
b
l
e
s
20
.
0
-
-
-
-
-
-
65
6
5
Ac
q
u
i
s
i
t
i
o
n
Ad
j
u
s
t
m
e
n
t
21
.
0
-
-
-
-
To
t
a
l
De
p
r
e
c
i
a
t
i
o
n
&
Am
o
r
t
i
z
a
t
i
o
n
(5
a
)
22
.
84
1
,
2
5
7
25
5
,
0
3
3
12
5
,
2
7
1
38
0
,
3
0
4
18
6
,
4
1
3
2,
9
0
7
2,
5
3
5
26
9
,
0
9
9
i
46
0
,
9
5
4
Pa
g
e
5
of
8
OP
E
R
A
T
I
N
G
EX
P
E
N
S
E
(c
o
n
t
i
n
u
e
d
)
66
X
X
Cu
s
t
o
m
e
r
Op
e
r
a
t
i
o
n
s
66
1
X
Ma
r
k
e
t
i
n
g
1.
6,
1
6
8
1,
5
6
6
-
1,
5
6
6
61
2
-
-
3,
9
9
1
4,
6
0
3
66
2
X
Op
e
r
a
t
o
r
Se
r
v
i
c
e
s
2.
48
3
-
-
-
-
-
48
3
48
3
66
2
X
Di
r
e
c
t
o
r
y
Pu
b
l
i
s
h
i
n
g
-
A
l
p
h
a
.
3
0
-
-
-
-
-
66
2
X
Dir
e
c
t
o
r
y
Pu
b
l
i
s
h
i
n
g
-
C
l
a
s
s
i
f
i
e
d
4.
O
-
-
-
-
-
-
66
2
X
Dir
e
c
t
o
r
y
Pu
b
l
i
s
h
i
n
g
-
F
o
r
e
i
g
n
5.
O
-
-
-
-
-
-
-
66
2
3
Se
r
v
i
c
e
Or
d
e
r
Pr
o
c
.
-
E
n
d
Us
e
r
6.
13
,
0
6
2
5,
3
1
3
-
5,3
1
3
7,
7
4
8
-
-
-
7,
7
4
8
66
2
3
Pa
y
m
e
n
t
&
Co
l
l
e
c
t
i
o
n
-
E
n
d
Us
e
r
7.
9,7
9
6
3,
0
2
-
3,
0
2
2
6,
7
7
5
-
-
-
6,
7
7
5
66
2
3
Bi
l
l
i
n
g
In
q
u
i
r
y
-
E
n
d
Us
e
r
9,
7
9
6
2
-
3,
0
2
2
6,
7
7
5
-
-
6,
7
7
5
66
2
3
Se
n
r
i
c
e
Or
d
e
r
Pr
o
c
.
-
C
X
R
9.
O
-
-
-
-
-
-
66
2
3
Pa
y
m
e
n
t
&
Co
l
l
e
c
t
i
o
n
-
C
X
R
10
.
O
-
-
-
-
-
-
-
K3
B
in
q
u
i
XR
1
0
-
-
-
-
-
66
2
3
Co
i
n
Ad
m
i
n
i
s
t
r
a
t
i
o
n
12
.
0
-
-
-
-
-
66
2
3
Re
v
.
Ac
c
t
g
.
-
T
o
l
l
Tic
k
e
t
Pr
o
c
13
.
O
-
-
-
-
-
66
2
3
Re
v
.
Ac
c
t
g
.
-
L
o
c
a
l
Me
s
s
.
Pr
o
c
.
14
.
2,
5
5
9
46
0
-
46
0
2,
0
9
9
-
-
-
2,
0
9
9
66
2
3
Re
v
.
Ac
c
t
g
.
-
O
t
h
e
r
Bil
l
&
Co
l
l
.
15
.
3,
6
4
7
1,
0
8
8
-
1,
0
8
8
1,
2
8
0
-
-
1,
2
8
0
2,
5
5
9
66
2
3
Re
v
.
Ac
c
t
g
.
-
S
L
C
Bi
l
l
i
n
g
16
.
19
2
19
2
-
19
2
-
-
66
2
3
Re
v
.
Ac
c
t
g
.
-
C
X
R
B
&
C
(9
)
17
.
5,
8
3
6
2,
9
1
8
-
2,
9
1
8
2,
9
1
8
-
-
-
2,
9
1
8
66
2
3
B
&
C
Am
t
s
Pa
i
d
to
LE
C
s
(9
)
18
.
O
-
-
-
-
-
66
2
3
Ot
h
e
r
Cu
s
t
o
m
e
r
Se
r
v
i
c
e
19
.
6,
8
7
7
6,
8
7
7
-
6,
8
7
7
-
-
-
-
To
t
a
l
Cu
s
t
o
m
e
r
Op
e
r
a
t
i
o
n
s
(5
a
)
20
.
58
,
4
1
7
24
,
4
5
7
-
24
,
4
5
7
28
,
2
0
6
-
-
5,7
5
4
33
,
9
6
0
67
X
X
Co
r
p
o
r
a
t
e
Op
e
r
a
t
i
o
n
s
:
67
1
X
E×
e
c
u
t
i
v
e
&
Pla
n
n
i
n
g
21
.
20
1
,
7
6
0
60
,
0
3
7
30
,
4
0
0
90
,
4
3
6
49
,
1
1
5
72
2
44
9
61
,
0
3
8
11
1
,
3
2
4
67
2
X
Ge
n
e
r
a
l
&
Ad
m
i
n
i
s
t
r
a
t
i
v
e
22
.
48
2
,
4
6
4
15
9
,
8
6
6
69
,
1
9
7
22
9
,
0
6
3
11
1
,
7
9
8
1,
6
4
4
1,
0
2
1
13
8
,
9
3
8
25
3
,
4
0
1
67
2
8
EA
S
Se
t
t
l
e
m
e
n
t
Ex
p
e
n
s
e
23
.
O
-
-
-
-
-
-
-
To
t
a
l
Co
r
p
o
r
a
t
e
Op
e
r
a
t
i
o
n
s
(5
a
)
24
.
68
4
,
2
2
4
21
9
,
9
0
3
99
,
5
9
7
31
9
,
4
9
9
16
0
,
9
1
2
2,3
6
7
1,
4
7
0
19
9
,
9
7
6
36
4
,
7
2
5
---
-
Ot
h
e
r
Op
e
r
a
t
i
n
g
Ex
p
e
n
s
e
s
:
-
Eq
u
a
l
Ac
c
e
s
s
Pr
o
v
i
s
i
o
n
(1
0
)
25
.
0
-
-
-
-
-
----
Un
i
v
e
r
s
a
l
Se
r
v
i
c
e
Fu
n
d
(1
1
)
26
.
0
-
-
-
-
----
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Pa
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of
8
Rural Telephone
Company
Independent Auditor's Report,
Consolidated Financial
Statements,and
Supplementary
Consolidating Information
December 31,2022 and 2021
Rural Telephone Company
December 31,2022 and 2021
Contents
I ndependentA ud ito r's Repor t...............................................................................................1
Consolidated Financial Statements
Balance Sheets.................................................................................4
Statements of Income ...........................................................6
Statements of Stockholder's Equity .........................................................7
Statements of Cash Flows .................................................................................8
Notes to Financial Statements .............................................................9
SupplementaryInformation
IndependentAuditor's Report on Supplementary Information......................................................33
Consolidating Balance Sheet as of December 31,2022..............................................................34
Consolidating Income Statement for the Year Ended December 31,2022......................................36
Consolidating Balance Sheet as of December 31,2021.............................................................37
Consolidating Income Statement for the Year Ended December 31,2021......................................39
Report on Internal Control Over Financial Reporting and on Compliance andOtherMattersBasedonanAuditoftheConsolidatedFinancialStatementsPerformedinAccordancewithGovernmentAuditingStandards
I ndependentA udito r's Re port .........................................................................................40
Schedule of Findings and Responses ...............................................................................42
Report on Compliance with Aspects of Contractual AgreementsandRegulatoryRequirementsforTelecommunicationsBorrowersIndependentAuditor's Report.........................................................................................44
FORVIS
8517 Excelsior Drive,Suite 301 /Madison,WI 53717
P 608.664.9110 /F 608.664.9112
forvis.com
Independent Auditor's Report
Board of Directors
Rural Telephone Company
Glenns Ferry,Idaho
Report on the Audit of the Consolidated Financial Statements
Opinion
We have audited the consolidated financial statements of RuralTelephone Company (an Idaho corporation
and wholly-owned subsidiary of Martell Enterprises,Inc.)and subsidiaries,which comprise the consolidatedbalancesheetsasofDecember31,2022,and 2021,and the related consolidated statements of income,stockholder's equity and cash flows for the years then ended,and the related notes to the consolidatedfinancialstatements.
In our opinion,the accompanying consolidated financial statements referred to above present fairly,in allmaterialrespects,the financial position of Rural Telephone Company and its subsidiaries,as ofDecember31,2022,and 2021,and the results of their operations and their cash flows for the years thenendedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica.
We did not audit the financial statements of Syringa Networks,LLC (Syringa),the investment in which,asdiscussedinNote4totheconsolidatedfinancialstatements,is accounted for by the equity method of
accounting.The investment in Syringa was $3,286,245 and $3,024,651 as of December 31,2022 and
2021,respectively,and the equity in its net income was $789,380 and $749,229 for the years then ended.The financial statements of Syringa were audited by other auditors whose report has been furnished to us,
and our opinion insofar as it relates to the amounts included for Syringa is based solely on the report of,
and additional audit procedures to meet the relevant requirements of auditing standards generally accepted
in the United States of America performed by,the other auditors.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States ofAmerica(GAAS)and the standards applicable to financial audits contained in Government Auditing
Standards,issued by the Comptroller General of the United States (Government Auditing Standards).Ourresponsibilitiesunderthosestandardsarefurtherdescribedinthe"Auditor's Responsibilities for the AuditoftheConsolidatedFinancialStatements"section of our report.We are required to be independent ofRuralTelephoneCompanyandsubsidiariesandtomeetourotherethicalresponsibilities,in accordancewiththerelevantethicalrequirementsrelatingtoouraudits.We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our audit opinion.The financial statements ofSyringawerenotauditedinaccordancewithGovernmentAuditingStandards.
ryxnry
Board of Directors
Rural Telephone Company
Page 2
Responsibilities of Managementfor the Consolidated Financial Statements
As discussed in Note 14 to the consolidated financial statements,Rural Telephone Company adopted new
accounting guidance related to accounting for leases in accordance with ASC 842.Our opinion is notmodifiedwithrespecttothismatter.
Responsibilities of Managementfor the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated financialstatementsinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica;
and includes the design,implementation and maintenance of internal control relevant to the preparation
and fair presentation of consolidated financial statements that are free from material misstatement,whetherduetofraudorerror.
In preparing the consolidated financial statements,management is required to evaluate whether there areconditionsorevents,considered in the aggregate,that raise substantial doubt about Rural Telephone
Company and subsidiaries'ability to continue as a going concern within one year after the date that theconsolidatedfinancialstatementsareavailabletobeissued.
Auditor's Responsibility
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as
a whole are free from material misstatement,whether due to fraud or error,and to issue an auditor's reportthatincludesouropinion.Reasonable assurance is a high level of assurance but is not absolute assurance
and therefore is not a guarantee that an audit conducted in accordance with GAAS and GovernmentAuditingStandardswillalwaysdetectamaterialmisstatementwhenitexists.The risk of not detecting amaterialmisstatementresultingfromfraudishigherthanforoneresultingfromerror,as fraud may involvecollusion,forgery,intentional omissions,misrepresentations,or the override of internal control.Misstatements are considered material if there is a substantial likelihood that,individually or in theaggregate,they would influence the judgment made by a reasonable user based on the consolidatedfinancialstatements.
In performing an audit in accordance with GAAS and GovernmentAuditing Standards,we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the consolidated financial statements,whether due to fraud or error,and design and perform audit procedures responsive to those risks.
Such procedures include examining,on a test basis,evidence regarding the amounts and
disclosures in the consolidated financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit proceduresthatareappropriateinthecircumstances,but not for the purpose of expressing an opinion on theeffectivenessofRuralTelephoneCompanyandsubsidiaries'internal control.Accordingly,no suchopinionisexpressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significantaccountingestimatesmadebymanagement,as well as evaluate the overall presentation of theconsolidatedfinancialstatements.
Conclude whether,in our judgment,there are conditions or events,considered in the aggregate,that raise substantial doubt about Rural Telephone Company and subsidiaries'ability to continue
as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding,among other matters,theplannedscopeandtimingoftheaudit,significant audit findings,and certain internal control-related mattersthatweidentifiedduringtheaudit.
Board of Directors
Rural Telephone Company
Page 3
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards,we also have issued our report dated May 5,2023,on
our consideration of Rural Telephone Company and subsidiaries'internal control over financial reporting
and our tests of its compliance with certain provisions of laws,regulations,contracts and grant agreements
and other matters.The purpose of that report is to describe the scope of our testing of internal control over
financial reporting and compliance and the results of that testing,and not to provide an opinion on the
internal control over financial reporting or on compliance.That report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering Rural Telephone Company
and subsidiaries'internal control over financial reporting and compliance.
FOKvis.LLP
Madison,Wisconsin
May 5,2023
Rural Telephone Company
Consolidated Balance Sheets
December 31,2022 and 2021
Assets 2022 2021
Current Assets
Cash and cash equivalents $2,586,025 $2,756,253
Debt securities -20,045
Equity securities 19,747 49,350
Accounts receivable
Due from customers 199,504 188,161
Network access 916,925 968,670
Other 141,033 102,456
Materials and supplies 985,140 922,405
Inventory 159,042 136,669
Prepaid income taxes 97,520 -
Other prepayments 45,804 41,491
5,150,740 5,185,500
Other Noncurrent Assets
Debt securities -52,127
Equity securities 69,444 -
Equity method investment 3,286,245 3,024,651
Other investments 605,103 623,781
Right of use asset 1,460,065 -
Affiliate receivables 930,873 950,029
Deferredcharges 530 878
Goodwill 31,166 37,198
Intangibles 513 513
6,383,939 4,689,177
Property,Plant and Equipment
Telephone plant in service 60,869,039 59,277,622
Otherproperty 819,645 812,606
61,688,684 60,090,228
Less accumulated depreciation 51,083,181 49,500,292
10,605,503 10,589,936
Plant under construction 1,283,829 1,331,549
Property held for futureuse 5,250 5,250
11,894,582 11,926,735
Total assets $23,429,261 $21,801,412
See Notes to Consolidated Financial Statements 4
Rural Telephone Company
Consolidated Balance Sheets,continued
December 31,2022 and 2021
Liabilities and Stockholder's Equity 2022 2021
Current Liabilities
Currentportion of long-termdebt $803,298 $763,060
Accounts payable
Network access 45,768 96,963
Other 587,205 810,397
Advancedbilling and payments 402,211 46,089
Customer deposits 4,559 2,650
Lease liability 383,281 -
Deferredrevenue 14,000 14,000
Accrued income taxes -120,742
Other accrued taxes 7,205 22,129
Other accrued liabilities 295,093 280,125
2,542,620 2,156,155
Long-term Debt,less current portion 1,725,089 2,584,470
Other Noncurrent Liabilities and Deferred Credits
Lease liability 1,075,547 -
Deferredincome taxes 1,499,672 1,550,938
Deferredinvestment tax credit 100,533 88,926
Deferredregulatoryliabilities 235,687 345,986
2,911,439 1,985,850
Stockholder's Equity
Common stock -$100 par value,2,500 shares authorized,569
shares issued and outstanding 56,900 56,900
Other capital 10,197 10,197
Retained earnings 16,183,016 15,007,840
16,250,113 15,074,937
Total liabilities and stockholder's equity $23,429,261 $21,801,412
See Notes to Consolidated Financial Statements 5
Rural Telephone Company
Consolidated Statements of Income
Years Ended December 31,2022 and 2021
2022 2021
Operating Revenues
Local network services $1,173,068 $1,247,149
Networkaccess services 9,765,047 10,087,516
Long distance services 41,529 55,324
Internetservices 2,078,214 2,065,184
Video services 234,185 210,798
Other nonregulated revenues 550,420 514,544
Miscellaneous 136,730 142,267
Uncollectible,net of recoveries 711 (222)
13,979,904 14,322,560
Operating Expenses
Plant specific operations 3,043,434 3,126,925
Plant nonspecific operations 1,090,773 1,092,775
Cost of long distance services 36,123 34,983
Cost of internetservices 2,057,384 1,769,310
Cost of videoservices 304,953 223,602
Cost of other nonregulatedrevenues 93,085 85,337
Depreciation and amortization 2,053,336 1,966,149
Customeroperations 719,621 716,767
Corporateoperations 3,037,504 3,163,947
Generaltaxes 228,563 268,009
12,664,776 12,447,804
OperatingIncome 1,315,128 1,874,756
Other Income (Expense)
Interest and dividendincome 40,106 49,931
Allowancefor funds used during construction 16,981 18,394
Equity income in unconsolidated affiliate 789,380 749,229
Gain on sale of spectrum -203,000
Gain on sale of land 18,123 -
Interest expense (161,68 1)(202,687)
Other,net (86,856)(38,344)
616,053 779,523
Income Before Income Taxes 1,931,181 2,654,279
Income Tax Expense 331,003 622,695
Net Income $1,600,178 $2,031,584
See Notes to Consolidated Financial Statements 6
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7
Rural Telephone Company
Consolidated Statements of Cash Flows
Years Ended December 31,2022 and 2021
2022 2021
Operating Activities
Net income $1,600,178 $2,031,584Itemsnotrequiring(providing)cash:
Depreciation 2,047,304 1,959,449
Amortization 6,032 6,700
Noncash operating lease expense 379,596
Deferred incometaxes (161,565)(107,935)
Deferral/amortization of investment tax credits,net 11,607 6,571
Patronage in business conducted with cooperatives (11,300)(19,011)Equity income in unconsolidated affiliates (789,380)(749,229)
Realized and unrealized (gains)losses on equity securities 29,603 (1,279)
Gain on sale of spectrum -(203,000)
Gain on sale of land (18,123)
Allowance for funds used during construction (16,981)(18,394)
Distributions received from unconsolidated affiliate 527,786 310,860
Patronage distributions received from business conducted with
cooperatives 30,093 29,055
Changes in
Accounts receivable 20,98 1 (200,066)
Materials and supplies and inventory (85,108)(96,112)
Prepaid income taxes (97,520)
Other prepayments and deferred charges (3,965)(3,555)
Accounts payable (198,841)53,609
Accrued income taxes (120,742)16,841
Other accrued taxes (14,924)683
Advanced billings and customer deposits 358,031 (453,746)
Lease liability (380,833)
Other accrued liabilities 14,968 3,559
Net cash provided by operating activities 3,126,897 2,566,584
Investing Activities
Capital expenditures (2,141,583)(1,994,308)
Purchases of debt securities -(9,825)
Purchases of equity securities (68,227)(49,350)
Proceeds from sale of spectrum -203,000
Proceeds from sale ofland 43,609
Proceeds from sale of equity securities -50,629
Proceeds from sale/maturity of debt securities 70,840 10,000
Salvage,net of cost of removing plant 42,381
Net cash used in investing activities (2,052,980)(1,789,854)
Financing Activities
Repayment of long-term debt (819,143)(826,841)
Dividends paid (425,002)(424,993)
Net cash used in financing activities (1,244,145)(1,251,834)
Decrease in Cash and Cash Equivalents (170,228)(475,104)
Cash and Cash Equivalents,Beginning of Year 2,756,253 3,231,357
Cash and Cash Equivalents,End of Year $2,586,025 $2,756,253
Supplemental Cash Flows Information:
Fixed assets in accounts payable $59,680 $135,226
See Notes to Consolidated Financial Statements 8
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Note 1:Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Basis of Presentation
Rural Telephone Company and subsidiaries (herein referred to as "the Company")are providers of
telecommunications exchange,local access,internet,and cable television and long distance
services in a service area located in southernIdaho,northern Nevada,northeast Washington,and
northwest Oregon.The Company is a wholly-owned subsidiary of Martell Enterprises,Inc.
The accounting policies of the Company conform to accounting principles generally accepted in
the United States of America.Telephone operations reflect practices appropriateto the telephone
industry.The accounting records of the telephone company are maintained in accordance with the
Uniform System of Accounts for Telephone Companies prescribed by the Federal Communications
Commission (FCC)as modified by the state regulatory authorities.
Principles of Consolidation
The consolidated financial statements include the accounts of the parent company,Rural Telephone
Company (RTC),and its 100%owned subsidiaries,Nehalem Telecommunications,Inc.(NTI)and
Pend Oreille Telephone Company (POTC).All material intercompany transactions have been
eliminated in consolidation.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires managementto make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenues and expenses
during the reporting period.Actual results could differ from those estimates.
Cash Equivalents
All highly liquid investments with a maturity of three months or less at the time of purchase are
considered cash equivalents.At December 31,2022 and 2021,cash equivalents consisted
primarily of money market accounts.
At December 31,2022 the Company's cash accounts exceeded federally insured limits by
approximately $1,295,000.
Accounts Receivable
Accounts receivable are stated at the amount of consideration from customers of which the
Company has an unconditional right to receive plus any accrued and unpaid interest.Accounts
receivable are ordinarily due 15 days after the issuance of the invoice.The Company monitors
outstanding balances and periodicallywrites off balances that are determined to be uncollectible.
The Company has concluded that losses on balances outstanding at year end will be immaterial.
9
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Materials and supplies
Materials and supplies consist primarily of construction materials used to expandthe Company's
network.Materials and supplies are stated at the lower of cost or market with cost determined by
the averagecost method.
Inventory
Inventoryis stated at the lower of cost or market with cost determined by the averagecost method.
Inventory consists of various nonregulated equipment that is purchasedby the Company primarily
for sale to customers.
Debt Securities
Debt securities held by the Company generally are classified and recorded in the consolidated
financial statements as follows:
Classified as Description Recorded at
Held to maturity Certain debt securities that management Amortized cost(HTM)has the positive intent and ability to hold
to maturity
Trading Securities that are bought and held Fair value,with changes in fair
principally for the purpose of selling in value included in earnings
the near term and,therefore,held for
only a short period of time
Available for sale Securities not classified as HTM or Fair value,with unrealized
(AFS)trading gains and losses excluded
from earnings and reported in
other comprehensive income
Purchase premiums and discounts are recognized in interest income using the interest method over
the terms of the securities.Gains and losses on the sale of securities are recorded on the trade date
and are determinedusing the averagecost method.
10
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
When the fair value of securities is below the amortized cost,the Company's accounting treatment
for an other-than-temporary impairment (OTTI)is as follows:
Accounting Treatment for OTTIComponents
Circumstances of Impairment Credit
Considerations Component Remaining Portion
Not intended for sale and more likely than not that Recognized in Recognized in other
the Company will not have to sell before recovery of earnings comprehensive
cost basis income
Intended for sale or more likely than not that the Recognized in earnings
Company will be required to sell before recovery of
cost basis
For held-to-maturity debt securities,the amount of OTTI recorded in other comprehensive income
for the noncredit portion of a previous OTTI is amortized prospectively over the remaining life of
the security on the basis of the timing of future estimatedcash flows of the security.
When a credit loss component is separatelyrecognized in earnings,the amount is identified as the
total of principal cash flows not expectedto be received over the remaining term of the security,as
projected based on cash flow projections.
EquitySecurities
The Company measures equity securities,other than investments that qualify for the equity method
of accounting,at fair value with changes recognized in net income.
The Company measures equity securities without a readily determinable fair value at cost,minus
impairment,if any,plus or minus changes resulting from observableprice changes for the identical
or a similar investment.
For equity securities and equity investments measuredunder the practicability exception,the
Company performs a qualitative assessment for equity investmentswithout readily determinable
fair values considering impairment indicators to evaluatewhether an impairment exists.If an
impairment exists,the Company will recognize a loss based on the difference between carrying
value and fair value.
Property,Plant and Equipment
Property,plant,and equipment acquisitions are recorded at original cost including the capitalized
cost of salaries and wages,materials,certain payroll taxes,employeebenefits and interest incurred
during the construction period.
11
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
The Company provides for depreciation for financial reporting purposes on the straight-line
method by the application of rates based on the estimatedservice lives of the various classes of
depreciable property as approvedby the state regulatory authorities.These estimates are subject to
change in the near term.
The estimated useful lives for each major depreciable classification of property and equipment are
as follows:
Buildings 25-36 years
Furniture and office equipment 4-16 years
Vehicles and work equipment 3-9 years
Switching equipment 8-19 years
Outside plant 7-50 years
Leasehold improvements 33 years
Internet equipment 3-5 years
Wireless equipment 5 years
CATV equipment 8 years
Other property 5 years
The Company capitalizes interest costs as a component of construction in progress,based on the
weighted-average rates paid for long-term borrowing.
Renewals and betterments of units of telephoneproperty are charged to telephoneplant in service.
When telephone plant is retired,its cost is removed from the asset account and chargedagainst
accumulated depreciation less any salvagerealized.No gains or losses are recognized in
connection with routine retirements of depreciable telephoneproperty.Repairs and renewals of
minor items of telephone property are included in plant specific operations expense.
Repairs of other property,as well as renewals of minor items,are chargedto plant specific
operations expense.A gain or loss is recognized when other property is sold or retired.
Deferred Revenue
Revenuefrom fees for a tower lease are deferred and recognized over the periods to which the fees
relate in accordancewith Topic 606.
Advanced Payments
Advanced billing and payments includes a payment of $356,117 received in 2022 for 2023
Washington Universal Service Fund.
Asset Retirement Obligations
Accounting principles generally accepted in the United States of America require that an asset
retirement obligation (ARO)associated with the retirement of a tangible long-livedasset be
recognized as a liability in the period in which it is incurred or becomes determinable (as defined
by the standard)even when the timing and/or method of settlement may be conditional on a future
event.
12
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
When the liability is initiallyrecorded,the entity capitalizes the cost of the asset retirement
obligation by increasing the carrying amount of the related long-livedasset.Over time,the liability
is accreted to its presentvalue each period,and the capitalized cost is depreciatedover the useful
life of the related asset.
The Company has determined it does not have a material legal obligationto remove long-lived
assets,and accordingly,there have been no liabilities recorded for the years ended December 31,
2022 and 2021.
Goodwill
The Company elected the private company accounting alternative for identifiable intangible assets
in a business combination.Under this alternative,certain customer-related intangible assets and
noncompetition agreementsare subsumed into goodwill and are no longer required to be
recognized separatelyin the accounting for a business combination.
The Company also has elected the private company accounting alternative for the subsequent
measurement of goodwill.Under this alternative,goodwill is amortized on a straight-line basis
over 10 years or less.The Company evaluatesthe recoverability of the carrying value of goodwill
at the entity level whenever events or circumstances indicate the carrying amount may not be
recoverable.
In testing goodwill for impairment,the Company has the option first to perform a qualitative
assessment to determine whether it is more likely than not that goodwill is impaired or the entity
can bypass the qualitative assessment and proceeddirectly to the quantitative test by comparing the
carrying amount,including goodwill,of the entity with its fair value.The goodwill impairment
loss,if any,is measuredas the amount by which the carrying amount of an entity,including
goodwill,exceeds its fair value.Subsequentincreases in goodwillvalue are not recognized in the
consolidated financial statements.
IntangibleAssets
Intangible assets with finite lives are being amortized on the straight-line basis over three years.
Such assets are periodically evaluatedas to the recoverability of carrying values.
Long-LivedAsset Impairment
The Company evaluatesthe recoverability of the carrying value of long-livedassets whenever no
longer cost of serviceregulated,events or circumstances indicate the carrying amount may not be
recoverable.
If a long-livedasset is tested for recoverability and the undiscounted estimated future cash flows
expectedto result from the use and eventual disposition of the asset is less than the carrying
amount of the asset,the asset cost is adjusted to fair value and an impairment loss is recognized as
the amount by which the carrying amount of a long-livedasset exceeds its fair value.
No asset impairment was recognized during the years ended December 31,2022 and 2021.
13
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Income Taxes
The company is included in the consolidated income tax return of Martell Enterprises,Inc.
The Company accounts for income taxes in accordancewith income tax accounting guidance
(Financial Accounting Standards Board (FASB)Accounting Standards Codification (ASC)740,
Income Taxes).The income tax accounting guidance results in two componentsof income tax
expense:current and deferred.Current income tax expense reflects taxes to be paid or refunded for
the current period by applying the provisions of the enacted tax law to the taxable income or excess
of deductionsover revenues.The Company determines deferred income taxes using the liability
(or balance sheet)method.Under this method,the net deferred tax asset or liability is based on the
tax effects of the differences between the book and tax bases of assets and liabilities,and enacted
changes in tax rates and laws are recognized in the period in which they occur.Deferred income
tax expense results from changes in deferred tax assets and liabilities betweenperiods.Deferred
tax assets are reducedby a valuation allowance if,based on the weight of evidence available,it is
more likely than not some portion or all of a deferred tax asset will not be realized.
Tax positions are recognized if it is more likely than not,based on the technical merits,the tax
position will be realized or sustained upon examination.The term "more likely than not"means a
likelihood of more than 50%;the terms examined and upon examination also include resolution of
the related appeals or litigation processes,if any.A tax position that meets the more likely-than-
not recognition threshold is initially and subsequentlymeasuredas the largest amount of tax benefit
that has a greater than 50%likelihood of being realized upon settlementwith a taxing authority that
has full knowledge of all relevant information.The determination of whether or not a tax position
has met the more-likely-than-not recognition threshold considers the facts,circumstances,and
information available at the reporting date and is subject to management'sjudgment.
Investment tax credits (ITC)are being amortized over the regulatory life of the plant which
produced the ITC.
Revenue Recognition
Network access revenues are derived from charges for access to the Company's local exchange
network.The interstate portion of access revenues for NTI is based on a cost separation formula
administered by the National Exchange Carrier Association (NECA)which is regulated by the
FCC.Interstate access for RTC and POTC includes support funding based on the Alternative
Connect America Model (A-CAM).See Note 12 for additional information about the Company's
network access revenues.
The Company recognizes internet revenue as the total amount earnedfrom charges to customers in
the statement of operations as internet services.In accordancewith tariffs filed with the FCC by
NECA,the Company charges its non-regulated internet operationsthe tariffed wholesale DSL rate
for the use of the Company's regulated plant facilities.These charges in network access services
and cost of internet servicestotaled $1,281,132 and $1,095,586 in 2022 and 2021,respectively.
14
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Revenueis recognized when control of the promised goods or servicesis transferred to the
Company's customers,in an amount that reflects the consideration that it expects to be entitled to
in exchange for those goods or services.The amount and timing of revenue recognition varies
based on the nature of the goods or servicesprovided and the terms and conditions of the customer
contract.See Note 7 for additional information about the Company's revenues.
Taxes Collected from Customers and Remitted to Governmental Authorities
Taxes collected from customers and remitted to governmental authorities are presentedin the
accompanying consolidated statements of income on a net basis.
AdvertisingCosts
Advertising costs are expensed as incurred.
Note 2:Debt and Equity Securities
Amounts related to debt securities,including the amortized cost and approximate fair values,
together with gross unrealized gains and losses and any other-than-temporary impairments (OTTI)
recognized in accumulated other comprehensive income (AOCI),are as follows:
Gross Gross
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
Debt Securities:
December 31,2021:
U.S.government obligations $72,172 $-$-$72,172
15
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
EquitySecurities Without ReadilyDeterminable Fair Values
The Company measures certain equity securities without a readily determinable fair value at cost
minus impairment,if any,plus or minus changes resulting from observableprice changes for the
identical or a similar investment.As of and for the years endedDecember 31,2022 and 2021,
amounts related to equity securities without a readily determinable fair value are as follows:
2022 2021
Carrying amount of investments without readily
determinable fair values $605,103 $623,781
Impairments and downward adjustments recognized
during the year --
Upward adjustments recognized during the year --
There havebeen no cumulative impairments and downward adjustments as of December 31,2022.
There havebeen no cumulative upward adjustmentsas of December 31,2022.
16
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Note 3:Property,Plant,and Equipment
Property,plant and equipment includes the following:
2022 2021
Telephone plant in service:
Land $263,428 $288,914
Buildings 1,941,615 1,933,865
Furniture and office equipment 870,258 1,283,351
Vehicles and work equipment 3,951,104 3,956,675
Switching equipment 19,050,320 18,099,631
Outside plant 34,451,395 33,421,272
Leasehold improvements 340,919 293,914
Subtotal 60,869,039 59,277,622
Other property:
Internet equipment 243,573 243,573
Wireless equipment 296,321 296,321
CATV equipment 252,852 245,812
Other 26,899 26,900
Subtotal 819,645 812,606
Total property,plant and equipment $61,688,684 $60,090,228
Depreciation on depreciable property resulted in a composite rate of 3.38%and 3.27%for 2022
and 2021,respectively.
17
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Note 4:Equity Method Investments
The Company has a 3.84%interest in Syringa Networks,LLC which provides fiber transport and
other servicesthroughout Idaho.For investments ($3,286,245 and $3,024,651 at December 31,
2022 and 2021,respectively)accountedfor under the equity method,the Company recognizes its
proportionate share of the income and losses accruing to it under the terms of its membership
agreement.The Company has elected to classify distributions received from this investment using
the cumulative earnings approach.
The following is a summary of condensedfinancial information pertaining to the investment
described above:
December 31,
2022 2021
Assets $117,803,673 $102,054,738
Liabilities 31,983,526 23,046,919
Equity $85,820,147 $79,007,819
Years Ended December 31,
2022 2021
Revenues $71,480,392 $71,192,460
Expenses 50,923,626 51,681,290
Net Income $20,556,766 $19,511,170
18
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Note 5:Long-Term Debt
Long-term debt consists of:
2022 2021
RDUP mortgage notes -5%$1,921,771 $2,551,337
RUS note payable for ARRA Broadband Initiative Program -2.567%40,688 46,298
RUS note payable for ARRA Broadband Initiative Program -3.051%60,424 68,600
RUS note payable for ARRA Broadband Initiative Program -2.756%136,943 155,685
RUS note payable for ARRA Broadband Initiative Program -2.169%25,924 29,553
RUS note payable for ARRA Broadband Initiative Program -2.361%68,682 78,220
RUS note payable for ARRA Broadband Initiative Program -2.383%3,023 3,442
Long-termnote to Umpqua Bank -payments due monthly,
interest rate of 4.90%,due in 2025 156,666 214,724
Long-termnote to DitchWitch Financial -payments due monthly
interest rate of 5.69%,due in 2024 114,266 199,671
2,528,387 3,347,530
Less current portion 803,298 763,060
$1,725,089 $2,584,470
19
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
The annual requirements for principal payments on long-term debt for the next five years
are as follows:
2023 $803,298
2024 769,100
2025 693,500
2026 122,000
2027 53,000
Substantially all assets of the Company are pledged as security for the long-term debt under certain
loan agreementswith the Rural Development Utilities Program (RDUP).These mortgage notes are
to be repaid in equal monthly installments covering principal and interest beginning after date of
issue and expiring by 2029.
The mortgage to the United States of America,underlying the RDUP notes,contains certain
restrictions on the declaration or payment of cash dividends,redemption of capital stock or
investment in affiliated companiesexcept as might be specifically authorized in writing in advance
by the RDUP noteholders.
The security and loan agreements underlying the Umpqua Bank note contains certain restrictions
on distributions to stockholder's,and investment in or loans to others.The Company is required to
maintain certain financial ratios for long-term debt to net worth and debt service coverage.
Cash paid for interest net of amounts capitalized for 2022 and 2021 totaled $144,700 and $184,293
respectively.
At December 31,2022,of the funds available for long-term notes,all funds were advanced.
Under the provisions of the loan contract,advancesof loan funds shall be depositedin a special
construction account and held in trust for the government until disbursed.The loan contract
restricts disbursementsto such expenditures as RDUP may authorize.All payments from the trust
accounts are subject to RDUP approval.
20
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Note 6:Income Taxes
Income taxes reflected in the consolidated statements of income consist of the following:
2022 2021
Federalincome taxes:
Current tax expense $396,873 $627,859
Deferred tax expense (83,964)(88,765)
State income taxes:
Current tax expense 84,088 96,200
Deferred tax expense (77,601)(19,170)
Investmenttax credits,net 11,607 6,571
Income tax expense $331,003 $622,695
Cash paid for income taxes and estimated income taxes for 2022 and 2021 totaled $718,453 and
$684,550,respectively.
The tax effects of temporary differences related to deferred taxes shown on the consolidated
balance sheets were:
2022 2021
Deferred tax assets
Regulatoryliability $44,672 $71,515
Investment tax credit 36,894 32,634
Total deferred tax assets 81,566 104,149
Deferred tax liabilities
Depreciation 1,504,500 1,578,480
Investmentin LLC 76,738 76,607
Total deferred tax liabilities 1,581,238 1,655,087
Net deferred tax liability $1,499,672 $1,550,938
A valuation allowance is required to reduce the deferred tax assets reported if,based on the weight
of the evidence,it is more likely than not that some portion or all of the deferredtax assets will not
be realized.After consideration of the evidence,both positive and negative,management
determinedthat no valuation allowance was required at December 31,2022 and 2021,to reduce the
deferred tax assets to the amount that will more likely than not be realized.
21
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
The tax provision differs from the expense that would result from applying the federal statutory
rates to income before taxes because of the effects of state income taxes,the deferral and
amortization of investment tax credits and the amortization of deferred regulatory liabilities.
In accordance with ASC 980,the Company establisheda regulatory liability which represents the
excess deferred taxes on depreciable assets,resulting from reductions in the statutory federal
income rate under the Tax Cuts and Jobs Act.The regulatory liability is being amortized over the
lives of the related depreciable assets.At December 31,2022 and 2021,the regulatory liability had
a balance of $235,687 and $345,986,respectively.
The Company has evaluated its income tax positions and has determined that there are no uncertain
income tax positions that need to be recorded or reported in the financial statements at
December 31,2022 and 2021.
The Company's federal and state income tax returns for years 2019 to presentremain subject to
examination.
Note 7:Revenue from Contracts with Customers
Performance Obligations
Revenueis measuredas the amount of consideration the Company expects to receive in exchange
for transferring distinct goods or providingservicesto customers.The Company's revenue
consists substantially of communications servicesand ancillary equipment offered to customers.
Local services
The Company offers voice including calling features,video,certain long distance and internet
serviceson a standalonebasis or in bundled servicepackages.Each serviceis considered distinct
and therefore are accounted for as separate performance obligations.Voice,video,certain long
distance,and internet service revenue is recognized over time as the customer simultaneously
receives and consumes the benefits provided by the Company as the Company performs.
Customary terms require payment within 15 days from the bill date,and for certain customers,
deposits may be required in advanceof service.Billing is completed at the beginning of the month
of service.
Network access
The Company recognizes network access revenues when performance obligations under the terms
of contracts with its customers are satisfied,which occurs when the customer transfers voice and
data traffic over the Company's network.Revenueis recognized over time as the customer
simultaneously receives and consumes the benefits provided by the Company as the Company
performs.Customary terms are governed by interstate and intrastate tariffs and require payment
within 30 days from the bill date that is in arrears from the performance of the service.
22
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Miscellaneous and nonregulated services
The Company sells ancillary communications equipment directly to end user customers.Direct
sales to end user customers include products and may include related services such as installation
and home network managementservices.These products are distinct from the delivered
communications serviceswithin the context of the contract,and therefore revenue is recognized for
products,installation and management on a discrete basis.Revenue is recognized when the
equipment is made available and the Company has an enforceable right to payment.
Government support revenues
Government support revenues consist of assistance from the Federal Universal Service Fund as
describedin Regulatory Matters,Note 13.Government support revenue is not considered a
contract with a customer and is outside the scope of Topic 606,however,the Company has elected
to account for government support revenues by analogy to Topic 606.
Disaggregation of Revenue
The following table presents the Company's revenues disaggregatedby the timing of such revenue
recognized during the year ended December 31,2022 and 2021:
2022 2021
Timing of revenue and recognition
At a point in time $67,874 $55,398
Over a period of time 4,735,377 4,789,662
Total $4,803,251 $4,845,060
These amounts do not include revenues outside the scope of Topic 606;therefore,revenue line
items in this table will not agree to amounts presentedin the consolidated statements of income.
The Company has determined that the nature,amount,timing and uncertainty of revenue and cash
flows are not materially affected by any factors such as geography of service location,customer
type,or service line.
SignificantJudgments
For contracts where access is made available over time,the Company recognizesrevenue over the
contract period for which the customer has subscribedto service.The Company measures a
contract's progress based on days expired over the total contract period,a so-called output method.
23
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
AccountingPolicies and Practical ExpedientsElected
AccountingPolicies
For sales and other similar taxes collected from customers on behalf of third parties,the Company
is applying an accounting policy election,which permits an entity to exclude from revenue
(transaction price)any amounts collected from customers on behalf of governmental authorities,
such as sales taxes,use tax,and other similar taxes collected concurrent with revenue-producing
activities.Therefore,the Company presents revenue net of sales taxes and similar revenue-based
taxes.
Practical Expedients
For significant financing components,the Company electeda practical expedient,which allows an
entity to recognize the promised amount of consideration without adjusting for the time value of
money if the contract has a duration of one year or less,or if the reason the contract extended
beyond one year is because the timing of delivery of the product is at the customer's discretion.As
the Company's contracts are typically less than one year in length and do not have significant
financing components,we have not presentedrevenue on a presentvalue basis.
For sales and other similar taxes collected from customers on behalf of third parties,the Company
elected a practical expedient,which permits entities to exclude from the transaction price all sales
taxes that are assessed by a governmental authority and that are "imposed on,and concurrent with a
specific revenue-producing transaction and collected by the entity from a customer."
For measuring progressfor revenue recognized over time,the Company elected to use the right to
invoice practical expedient.This practical expedient allows an entity to recognize revenue in the
amount of consideration to which the entity has the right to invoice when the amount that the entity
has the right to invoice correspondsdirectly to the value transferred to the customer.That is,the
invoice practical expedient cannot be applied in all circumstances because the right to invoice a
certain amount does not always correspond to the progresstoward satisfying the performance
obligation.Therefore,an entity should demonstrateits ability to apply the invoice practical
expedient to performance obligations satisfied over time.
24
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Contract Balances
The following table provides information about the Company's receivables,contract assets and
contract liabilities from contracts with customers:
2022 2021
Accounts receivable,beginning of year $349,735 $387,894
Accounts receivable,end of year 463,346 349,735
Contract liabilities,beginning of year $50,332 $50,332
Contract liabilities,end of year 60,094 50,332
Note 8:Employee Benefits
The Company has a Safe Harbor 401(k)plan (Plan)covering all eligibleemployees.Plan expense
for 2022 and 2021 was $247,223 and $205,186,respectively.The Company makes contributions
to the Plan equivalent to amounts accrued,which are limited to amounts permitted under Internal
Revenue Service rules.
Note 9:Related Party Transactions
Related party receivables at December 31 consists of the following:
2022 2021
Noncurrent affiliate receivable,stockholders and employees $494,620 $521,810
Noncurrent affiliate receivable,Martell Enterprises,Inc.153,244 150,212
Noncurrent af61iate receivable,Little Valley Elk Ranch 283,009 278,007
$930,873 $950,029
The Company leases equipment from Little Valley Elk Ranch (LVER).Leasing expenses were
$170,673 and $170,673 in 2022 and 2021,respectively.LVER is a related party to the Company
as shareholdersof the Company own LVER.
25
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
The Company is a member in Syringa Networks,LLC (Syringa)which provides servicesto the
Company and also receives servicesfrom the Company.For the years ending December 31,2022
and 2021,the Company incurred expenses totaling $426,674 and $454,125,respectively,for
servicesreceived and recognized revenues of $363,564 and $337,319,respectively,for services
provided.
Note 10:Concentrations of Credit Risk
The Company grants credit to customers,all of whom are located in the franchised service area,
and telecommunications intrastate and interstate long distance carriers.The Company is subject to
competition for telecommunications services including telecommunications exchangeservices
offered by other providers in the franchised area.
The Company received 70%and 70%of its 2022 and 2021 revenues,respectively,from access
revenues and assistance provided by the Federal Universal Service Fund.As a result of the
Telecommunications Act of 1996,the manner in which access revenues and Universal Service
Funds are determined is currently being modified by regulatory bodies.
Financial instruments that potentiallysubject the Company to concentrations of credit risk consist
principally of cash equivalents.The Company places its cash equivalents in several financial
institutions which limits the amount of credit exposure in any one financial institution.
The Company maintains its cash in bank deposit accounts which,at times,may exceed federally
insured limits.The Company has not experiencedany losses in such accounts.The Company
believes it is not exposed to any significant credit risk on cash and cash equivalents.
Note 11:Regulatory Accounting
For its telephone operations,the Company follows generally accepted accounting principles for
regulated enterprises.Accordingly,the Company defers certain cost and obligations and
depreciatesplant and equipment over lives approved by regulators.While the Company continues
to believe the current regulatory and competitive environment supports this accounting treatment,
should conditions change the Company would be required to write-off these deferred cost and
obligations and evaluatethe net carrying value of its plant and equipment for any impairment
losses absent the future recovery currently permitted by the regulators.
26
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Note 12:Regulatory Matters
The Company receives revenues from access revenues and assistance provided by the Federal
Universal Service Fund.The manner in which access revenues and Universal Service funds are
determined has been modified in several recent Federal Communications Commission proceedings.
Changesinclude modifications to rate-of-return support including caps on the recovery of certain
expenditures,and reductions in terminating access charges billed with eventualtransition to a
bill-and-keep framework for the exchangeof traffic between carriers.These changes by the FCC
createdvarious support mechanismswhich allowed eligible rate-of-return carriers to elect and
Alternative Connect America Model (A-CAM II)option,continue with their existing or revised
Alternative Connect America Model (A-CAM I)election or remain a legacy rate-of-return carrier.
The Company has elected to accept the revised A-CAM I support offer in certain states.For its
operations in Idaho,Nevada and Washington,the Company is eligibleto receive funds of
$4,507,425per year for ten years.The Company declined A-CAM II support in Oregon.For the
years endedDecember 31,2022 and 2021,the Company received $4,507,425 and $4,507,425,
respectively,in A-CAM funds,which is included in network access services.
During 2022,the Company completed an analysis of eligible locations to meet the buildout
requirements coveredby the A-CAM order.The Company determined it will meet buildout
requirements,as such no allowance has been established.
Whether a rate-of-return carrier chooses model-basedsupport or remains on legacy mechanisms,it
will be required to meet service obligations,adheredto reporting obligations,and retain records.
Note 13:Disclosures About Fair Value of Assets and Liabilities
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transactionbetween market participants at the measurement date.Fair value measurements
must maximize the use of observable inputs and minimize the use of unobservable inputs.There is
a hierarchy of three levels of inputs that may be used to measure fair value:
Level 1 Quoted prices in active markets for identical assets or liabilities.
Level 2 Observableinputs other than Level 1 prices,such as quoted prices for similar assets
or liabilities;quoted prices in markets that are not active;or other inputs that are
observable or can be corroborated by observablemarket data for substantially the
full term of the assets or liabilities.
Level 3 Unobservable inputs supportedby little or no market activity and are significant to
the fair value of the assets or liabilities.
27
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Recurring Measurements
The following table presents the fair value measurements of assets and liabilities recognized in the
accompanying balance sheets measuredat fair value on a recurring basis and the level within the
fair value hierarchy in which the fair value measurements fall at December 31,2022 and 2021:
Fair Value Measurements Using
Quoted Prices
in Active Significant
Markets for Other Significant
identical Observable Unobservable
Assets Inputs Inputs
Fair Value (Level 1)(Level 2)(Level 3)
December 31,2022:
Available-for-salesecurities:
Equities $89,191 $89,191 $-$
December 31,2021:
Available-for-salesecurities:
Equities $49,350 $49,350 $-$
Held-to-maturitysecurities:
U.S.Treasuries 72,172 -72,172
Following is a description of the valuation methodologies and inputs used for assets and liabilities
measuredat fair value on a recurring basis and recognized in the accompanying balancesheets,as
well as the general classification of such assets and liabilities pursuant to the valuation hierarchy.
There have been no significant changes in the valuation techniques during the year ended
December 31,2022.
Debt and Equity Securities
Where quoted market prices are available in an active market,securities are classified within
Level 1 of the valuation hierarchy.If quotedmarket prices are not available,then fair values are
estimatedby using quoted prices of securities with similar characteristics or independent asset
pricing servicesand pricing models,the inputs of which are market-basedor independently sourced
market parameters,including,but not limited to,yield curves,interest rates,volatilities,
prepayments,defaults,cumulative loss projections and cash flows.Such securities are classified in
Level 2 of the valuation hierarchy.There are no securities classified within Level 3 of the
hierarchy.
28
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Note 14:Leases
Change in AccountingPrinciple
In February 2016,the FASB issued ASU 2016-02,Leases (Topic 842).This ASU requires lessees
to recognize a lease liability and a right-of-use (ROU)asset on a discounted basis,for substantially
all leases,as well as additional disclosures regarding leasing arrangements.Disclosures are
required to enableusers of financial statements to assess the amount,timing and uncertainty of
cash flows arising from leases.In July 2018,the FASB issued ASU 2018-11,Leases (Topic 842):
Targeted Improvements,which provides an optional transition method of applying the new lease
standard.Topic 842 can be applied using either a modified retrospective approach at the beginning
of the earliest period presentedor,as permitted by ASU 2018-11,at the beginning of the period in
which it is adopted,i.e.,the comparativesunder ASC 840 option.
The Company adoptedTopic 842 on January 1,2022 (the effective date),using the comparatives
under ASC 840 transition method,which applies Topic 842 at the beginning of the period in which
it is adopted.Prior period amounts have not been adjusted in connection with the adoption of this
standard.The Company elected the package of practical expedientsunder the new standard,which
permits entities to not reassess lease classification,lease identification or initial direct costs for
existing or expired leases prior to the effective date.The Company has lease agreementswith
nonlease components that relate to the lease components.The Company elected the practical
expedient to account for nonlease components and the lease componentsto which they relate as a
single lease component for all.Also,the Company electedto keep short-term leases with an initial
term of 12 months or less off the balance sheet.The Company did not elect the hindsight practical
expedient in determining the lease term for existing leases as of January 1,2022.
The most significant impact of adoption was the recognition of operating lease ROU assets and
operating lease liabilities of $1,839,661 and $1,839,661,respectively,while the accounting for
existing capital leases (now referred to as finance leases)remained substantially unchanged.As
part of adopting the standard,previously recognized liabilities for deferred rent and lease incentives
were reclassified as a component of the ROU assets.The standarddid not significantlyaffect our
consolidated statements of operations,comprehensive income or cash flows.
AccountingPolicies
The Company determines if an arrangementis a lease or contains a lease at inception.Leases result
in the recognition of ROU assets and lease liabilities on the balance sheets.ROU assets represent
the right to use an underlying asset for the lease term,and lease liabilities represent the obligation
to make lease payments arising from the lease,measuredon a discountedbasis.The Company
determines lease classification as operating or finance at the lease commencement date.
29
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
The Company combines lease and nonlease components,such as common area and other
maintenance costs,and accounts for them as a single lease component in calculating the ROU
assets and lease liabilities for its office buildings and employee vehicles.
At lease commencement,the lease liability is measuredat the presentvalue of the lease payments
over the lease term.The ROU asset equals the lease liability adjustedfor any initial direct costs,
prepaid or deferred rent,and lease incentives.The Company has made a policy election to use arisk-free rate (the rate of a zero-coupon U.S.Treasury instrument)for the initial and subsequent
measurement of all lease liabilities.The risk-free rate is determined using a period comparable
with the lease term.
The lease term may include options to extend or to terminate the lease that the Company is
reasonably certain to exercise.Lease expense is generally recognized on a straight-line basis over
the lease term.
The Company has elected not to record leases with an initial term of 12 months or less on the
balance sheets.Lease expense on such leases is recognized on a straight-line basis over the lease
term.
Nature of Leases
The Company has enteredinto the following lease arrangements:
Operating Leases
The Company's leases consist of vehicles and equipment,office equipment and real estate
All Leases
The Company has leases with LVER as describedin Note 9.Additionally,the company leases
buildings from a company shareholder.
The Company's lease agreements do not contain any material residual value guarantees or material
restrictive covenants.
30
Rural Telephone Company
Notes to Consolidated Financial Statements
December 31,2022 and 2021
Quantitative Disclosures
The lease cost and other required information for the years endedDecember 31,2022 and 2021,
are:
2022
Lease cost $403,085
2022
Other information
Cash paid for amounts included in the measurement of
lease liabilities
Operating cash flows from finance leases $379,596
Right-of-use assets obtainedin exchange for new
operating lease liabilities 1,839,661
Weighted-average remaining lease term
Operating leases 7.0 years
Weighted-average discount rate
Operating leases 1.44%
Future minimum lease payments and reconciliation to the consolidated balance sheet at
December 31,2022,are as follows:
Operating
Leases
2023 $401,903
2024 329,480
2025 104,821
2026 102,373
2027 102,373
Thereafter 500,706
Total future undiscountedlease payments 1,541,656
Less imputed interest 82,828
Lease liabilities $1,458,828
Note 15:Subsequent Events
Subsequent events have been evaluatedthrough May 5,2023 which is the date the financial
statements were available to be issued.
31
Supplementary Information
FORVIS
8517 Excelsior Drive,Suite 301 /Madison,WI 53717
P 608.664.9110 /F 608.664.9112
forvis.com
IndependentAuditor's Report on Supplementary Information
Board of Directors
Rural Telephone Company
Glenns Ferry,Idaho
Our audits were conducted for the purpose of forming an opinion on the consolidated financial statements
that collectively comprise the Company's basic financial statements.The supplementary information listed
in the table of contents is presented for purposes of additional analysis and is not a required part of the
basic consolidated financial statements.Such information is the responsibility of management and was
derived from and relates directly to the underlying accounting and other records used to prepare the basic
consolidated financial statements.
The supplementary information has been subjected to the auditing procedures applied in the audit of the
basic consolidated financial statements and certain additional procedures,including comparing and
reconciling such information directly to the underlying accounting and other records used to prepare the
basic financial statements or to the basic financial statements themselves,and other additional procedures
in accordance with auditing standards generally accepted in the LJnited States of America.In our opinion,
the information is fairly stated in all material respects in relation to the basic financial statements as awhole.
FORVIS,LLP
FOKVis.LLP
Madison,Wisconsin
May 5,2023
PRAXITY
Rural Telephone Company
Consolidating Balance Sheet
December 31,2022
AssetS Rural Nehalem Pend Oreille
Telephone Telecommun-Telephone Intercompany
Company ications,Inc.Company Eliminations Consolidated
Current Assets
Cash and cash equivalents $635,052 $290,138 $1,660,835 $-$2,586,025
Debt securities
Equity securities 19,747 ---19,747
Accounts receivable
Due from customers 95,089 33,690 70,725 -199,504
Network access 436,797 134,092 346,036 -916,925
Affiliates -346,345 1,174,838 (1,521,183)
Other 128,986 4,491 7,556 -141,033
Materials and supplies 465,781 152,446 366,913 -985,140
Inventory 79,308 30,675 49,059 -159,042
Prepaid income taxes 97,520 ---97,520
Other prepayments 17,766 15,443 12,595 -45,804
1,976,046 1,007,320 3,688,557 (1,521,183)5,150,740
Other Noncurrent Assets
Investment in affiliates 10,021,083 --(10,021,083)
Equity securities --69,444 -69,444
Equity method investments 3,286,245 ---3,286,245
Other investments 292,270 121,474 191,359 -605,103
Right of use asset 1,384,479 61,842 13,744 -1,460,065
Affiliate receivables 617,825 29,428 283,620 -930,873
Deferred charges 530 ---530
Goodwill --31,166 -31,166
Intangibles -513 --513
15,602,432 213,257 589,333 (10,021,083)6,383,939
Property,Plant and Equipment
Telephone plant in service 29,893,628 10,877,165 20,098,246 -60,869,039
Other property 682,296 -137,349 -819,645
30,575,924 10,877,165 20,235,595 -61,688,684
Less accumulated depreciation 25,552,337 9,289,743 16,241,101 -51,083,181
5,023,587 1,587,422 3,994,494 -10,605,503
Plantunder construction 157,851 546,740 579,238 -1,283,829
Property held for future use 4,000 -1,250 -5,250
5,185,438 2,134,162 4,574,982 -11,894,582
Total assets $22,763,916 $3,354,739 $8,852,872 $(11,542,266)$23,429,261
34
Rural Telephone Company
Consolidating Balance Sheet,continued
December 31,2022
Liabilities and Stockholders'Equity Rural Nehalem Pend Orellie
Telephone Telecommun-Telephone Intercompany
Company ications,Inc.Company Eliminations Consolidated
Current Liabilities
Current portion of long-term debt $661,731 $-$141,567 $-$803,298
Accounts payable
Network access 13,887 9,904 21,977 -45,768
Affiliates 1,505,244 15,939 -(1,521,183)
Other 357,649 87,203 142,353 -587,205
Advanced billing and payments 46,094 -356,117 -402,211
Customer deposits -529 4,030 -4,559
Lease liability 344,379 30,615 8,287 -383,281
Deferred revenue --14,000 -14,000
Other accrued taxes (3,378)10,583 --7,205
Other accrued liabilities 185,231 40,630 69,232 -295,093
3,110,837 195,403 757,563 (1,521,183)2,542,620
Long-term Debt,less current portion 1,513,506 -211,583 -1,725,089
Credits
Lease liability 1,038,890 31,206 5,451 -1,075,547
Deferred income taxes 571,930 284,617 643,125 -1,499,672
Deferred investment tax credit 100,533 ---100,533
Deferred regulatory liabilities 178,114 57,573 --235,687
1,889,467 373,396 648,576 -2,911,439
Stockholders'Equity
Commonstock 56,900 1,600,000 2,666,346 (4,266,346)56,900
Other capital 10,197 ---10,197
Retained earnings 16,183,009 1,185,940 4,568,804 (5,754,737)16,183,016
16,250,106 2,785,940 7,235,150 (10,021,083)16,250,113
Total liabilities and stockholders'equity $22,763,916 $3,354,739 $8,852,872 $(11,542,266)$23,429,261
35
Rural Telephone Company
Consolidating Income Statement
Year Ended December 31,2022
Rural Nehalem Pend Oreille
Telephone Telecommun-Telephone Intercompany
Company ications,Inc.Company Eliminations Consolidated
Operating Revenues
Localnetworkservices $458,973 $326,941 $387,154 $-$1,173,068
Network access services 4,900,681 1,356,424 3,507,942 -9,765,047
Long distance services -41,529 --41,529
Internet services 822,156 562,789 693,269 -2,078,214
Video services 234,185 ---234,185
Other nonregulated revenues 425,614 91,460 33,346 -550,420
Miscellaneous 4,993 96,607 35,130 -136,730
Uncollectible,net of recoveries 485 317 (91)-711
6,847,087 2,476,067 4,656,750 -13,979,904
Operating Expenses
Plant specific operations 1,736,307 373,775 933,352 -3,043,434
Plant nonspecific operations 374,815 85,475 630,483 -1,090,773
Cost of long distance services 7,960 28,163 --36,123
Cost of internet services 883,260 739,551 434,573 -2,057,384
Cost of video services 304,953 ---304,953
Cost of other nonregulated revenues -93,085 --93,085
Depreciation and amortization 1,278,853 164,237 610,246 -2,053,336
Customer operations 185,941 386,431 147,249 -719,621
Corporate operations 1,402,062 669,425 966,017 -3,037,504
Generaltaxes 56,811 41,240 130,512 -228,563
6,230,962 2,581,382 3,852,432 -12,664,776
Operating Income (Loss)616,125 (105,315)804,318 -1,315,128
Other Income (Expense)
Interest and dividend income 13,051 16,766 41,611 (31,322)40,106
Allowance for funds used during
construction 16,107 -874 -16,981
Equity income in unconsolidated affiliate 789,380 ---789,380
Gain on sale of land --18,123 -18,123
Interest expense (169,262)(324)(23,417)31,322 (161,681)
Other,net (61,691)(14,540)(10,625)-(86,856)
587,585 1,902 26,566 -616,053
Income (Loss)Before Income Taxes and
Equity Earnings of Subsidiaries 1,203,710 (103,413)830,884 -1,931,181
Income Tax Expense (Benefit)251,888 (25,708)104,823 -331,003
Income (Loss)Before Equity
Earnings (Loss)of Subsidiaries 951,822 (77,705)726,061 -1,600,178
Equity Earnings of Subsidiaries 648,356 --(648,356)
Net Income (Loss)$1,600,178 $(77,705)$726,061 $(648,356)$1,600,178
36
Rural Telephone Company
Consolidating Balance Sheet
December 31,2021
AssetS Rural Nehalem Pend Oreille
Telephone Telecommun-Telephone Intercompany
Company ications,Inc.Company Eliminations Consolidated
Current Assets
Cash and cash equivalents $804,772 $317,670 $1,633,811 $-$2,756,253
Debt securities --20,045 -20,045
Equity securities 49,350 ---49,350
Accounts receivable
Due from customers 101,794 25,762 60,605 -188,161
Network access 627,671 68,386 272,613 -968,670
Affiliates -691,683 1,342,527 (2,034,210)
Other 96,197 -6,259 -102,456
Materials and supplies 428,915 100,717 392,773 -922,405
Inventory 67,897 25,010 43,762 -136,669
Prepayments 14,000 14,896 12,595 -41,491
2,190,596 1,244,124 3,784,990 (2,034,210)5,185,500
Other Noncurrent Assets
Investment in affiliates 9,712,727 --(9,712,727)
Debt securities --52,127 -52,127
Equity method investment 3,024,651 ---3,024,651
Other investments 284,142 147,315 192,324 -623,781
Affiliate receivables 645,389 26,827 277,813 -950,029
Deferred charges 878 ---878
Goodwill --37,198 -37,198
Intangibles -513 --513
13,667,787 174,655 559,462 (9,712,727)4,689,177
Property,Plant and Equipment
Telephone plant in service 29,320,005 10,670,627 19,286,990 -59,277,622
Other property 675,257 -137,349 -812,606
29,995,262 10,670,627 19,424,339 -60,090,228
Less accumulated depreciation 24,625,479 9,127,351 15,747,462 -49,500,292
5,369,783 1,543,276 3,676,877 -10,589,936
Plant under construction 555,046 554,637 221,866 -1,331,549
Property held for future use 4,000 -1,250 -5,250
5,928,829 2,097,913 3,899,993 -11,926,735
Total assets $21,787,212 $3,516,692 $8,244,445 $(11,746,937)$21,801,412
37
Rural Telephone Company
Consolidating Balance Sheet,continued
December 31,2021
Liabilities and Stockholders'Equity Rural Nehalem Pend Oreille
Telephone Telecommun-Telephone Intercompany
Company ications,Inc.Company Eliminations ConsolidatedCurrentLiabilities
Current portion of long-term debt $630,581 $-$132,479 $-$763,060
Accounts payable
Network access 13,715 79,165 4,083 -96,963
Affiliates 1,972,303 -61,907 (2,034,210)
Other 560,993 157,005 92,399 -810,397
Advanced billing and payments 46,089 ---46,089
Customer deposits (4,129)479 6,300 -2,650
Deferred revenue --14,000 -14,000
Accrued income taxes 120,742 ---120,742
Other accrued taxes 13,322 8,807 --22,129
Other accrued liabilities 174,309 40,256 65,560 -280,125
3,527,925 285,712 376,728 (2,034,210)2,156,155
Long-term Debt,less current portion 2,186,380 -398,090 -2,584,470
Credits
Deferred income taxes 680,995 290,574 579,369 -1,550,938
Deferred investment tax credit 88,926 ---88,926
Deferred regulatory liabilities 228,056 76,761 41,169 -345,986
997,977 367,335 620,538 -1,985,850
Stockholders'Equity
Commonstock 56,900 1,600,000 2,666,346 (4,266,346)56,900
Other capital 10,197 ---10,197
Retained earnings 15,007,833 1,263,645 4,182,743 (5,446,381)15,007,840
15,074,930 2,863,645 6,849,089 (9,712,727)15,074,937
Totalliabilities and stockholders'equity $21,787,212 $3,516,692 $8,244,445 $(11,746,937)$21,801,412
38
Rural Telephone Company
Consolidating Income Statement
Year Ended December 31,2021
Rural Nehalem Pend Oreille
Telephone Telecommun-Telephone Intercompany
Company ications,Inc.Company Eliminations Consolidated
Operating Revenues
Localnetworkservices $485,224 $357,685 $404,240 $-$1,247,149
Network access services 5,003,542 1,342,473 3,741,501 -10,087,516
Long distance services -55,324 --55,324
Internet services 822,947 575,485 666,752 -2,065,184
Video services 210,798 ---210,798
Other nonregulated revenues 401,207 78,080 35,257 -514,544
Miscellaneous 5,596 102,336 34,335 -142,267
Uncollectible,net of recoveries (459)(6)243 -(222)
6,928,855 2,511,377 4,882,328 -14,322,560
Operating Expenses
Plant specific operations 1,794,517 431,340 901,068 -3,126,925
Plant nonspecific operations 451,385 205,028 436,362 -1,092,775
Cost of long distance services -34,983 --34,983
Cost of internet services 785,944 555,289 428,077 -1,769,310
Cost of video services 223,602 ---223,602
Cost of other nonregulated revenues -85,337 --85,337
Depreciation and amortization 1,232,657 104,392 629,100 -1,966,149
Customer operations 195,125 405,776 115,866 -716,767
Corporate operations 1,500,261 706,101 957,585 -3,163,947
Generaltaxes 116,844 55,918 95,247 -268,009
6,300,335 2,584,164 3,563,305 -12,447,804
Operating Income (Loss)628,520 (72,787)1,319,023 -1,874,756
Other Income (Expense)
Interest and dividend income 20,026 18,816 38,867 (27,778)49,931
Allowance for funds used during
construction 6,779 -11,615 -18,394
Equity income in unconsolidated af61iate 749,229 ---749,229
Gain on sale of spectrum 203,000 ---203,000
Interest expense (200,921)(256)(29,288)27,778 (202,687)
Other,net (21,143)(8,690)(8,511)-(38,344)
756,970 9,870 12,683 -779,523
Income (Loss)Befon Income Taxes and
Equity Earnings of Subsidiaries 1,385,490 (62,917)1,331,706 -2,654,279
Income Tax Expense 353,465 (10,886)280,116 -622,695
Income Before Equity
Earnings (Loss)of Subsidiaries 1,032,025 (52,031)1,051,590 -2,031,584
Equity Earnings of Subsidiaries 999,560 --(999,560)
Net Income $2,031,585 $(52,031)$1,051,590 $(999,560)$2,031,584
39
FORVIS
8517 Excelsior Drive,Suite 301 /Madison,WI 53717
P 608.664.9110 /F 608.664.9112
forvis.com
Report On Internal Control Over Financial Reporting and on Compliance and
Other Matters Based on an Audit of the Consolidated Financial Statements
Performed in Accordance with Government Auditing Standards
IndependentAuditor's Report
Board of Directors
Rural Telephone CompanyGlennsFerry,ldaho
We have audited,in accordance with auditing standards generally accepted in the United States of America
and the standards applicable to financial audits contained in Government Auditing Standards,issued by
the Comptroller General of the United States,the consolidated financial statements of Rural TelephoneCompanyandsubsidiaries(Company),which comprise the consolidated balance sheet as of December 31,2022 and 2021,and the related consolidated statements of income,stockholder's equity and cash flows for
the year then ended,and the related notes to the consolidated financial statements,and have issued our
report thereon dated May 5,2023.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the consolidated financial statements,we considered the
Company's internal control over financial reporting (internal control)to determine the audit procedures that
are appropriate in the circumstances for the purpose of expressing our opinion on the consolidated financial
statements,but not for the purpose of expressing an opinion on the effectiveness of the Company's internal
control.Accordingly,we do not express an opinion on the effectiveness of the Company's internal control.
A deficiencyin internalcontrolexists when the design or operation of a control does not allow management
or employees,in the normal course of performing their assigned functions,to prevent or detect and correct
misstatements on a timely basis.A material weakness is a deficiency,or a combination of deficiencies,ininternalcontrol,such that there is a reasonable possibility that a material misstatement of the Company's
consolidated financial statements will not be prevented or detected and corrected on a timely basis.Asignificantdeficiencyisadef¡ciency,or a combination of deficiencies,in internal control that is less severe
than a material weakness,yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control that might be material
weaknesses or significant deficiencies and,therefore,material weaknesses or significant deficiencies may
exist that have not been identified.Given these limitations,during our audit we did not identify any
deficiencies in internal control that we consider to be material weaknesses.We did identify certaindeficienciesininternalcontrol,described in the accompanying schedule of findings and responses as items
2022-001 and 2022-002 that we consider to be significant deficiencies.
-QPRAXITY
Board of Directors
Rural Telephone Company
Page 41
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the Company's consolidated financial statements
are free from material misstatement,we performed tests of its compliance with certain provisions of laws,regulations,contracts and grant agreements,noncompliance with which could have a direct and materialeffectonthedeterminationoffinancialstatementamounts.However,providing an opinion on compliance
with those provisions was not an objective of our audit,and accordingly,we do not express such an opinion.The results of our tests disclosed no instances of noncompliance or other matters that are required to bereportedunderGovernmentAuditingStandards.
Rural Telephone Company's Response to Findings
Government Auditing Standards requires the auditor to perform limited procedures on the Company'sresponsetothefindingsidentifiedinourauditanddescribedintheaccompanyingscheduleoffindingsandresponses.The Company's,response was not subjected to the auditing procedures applied in the audit oftheconsolidatedfinancialstatements,and accordingly,we express no opinion on the response.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance
and the results of that testing,and not to provide an opinion on the effectiveness of the entity's internalcontroloroncompliance.This report is an integral part of an audit performed in accordance withGovernmentAuditingStandardsinconsideringtheCompany's internal control and compliance.Accordingly,this communication is not suitable for any other purpose.
FORVIS,LLP
FOKVW.LLP
Madison,Wisconsin
May 5,2023
Rural Telephone Company
Schedule of Findings and Responses
Year Ended December 31,2022
Findings Required to be reported by Government AuditingStandards
Reference
Number Findinq
Significant Deficiencies
2022-001 Criteria -Complete segregation of duties and a formal risk assessment process areessentialinmaintaininginternalcontrolsoverfinancialreportingandmanagingtheinformationtechnologysystemoftheCompany.
Condition -The Company has not established complete segregation of duties or aformalriskassessment,antifraud program,and monitoring system.
Cause ---The Company has a limited number of personnel and it therefore has notdedicatedtherequiredresourcestomaintaincompletesegregationofdutiesorprepareformalriskassessmentandmonitoringsystems.
Effect-Due to the lack of a formal internal control and information technology system
and segregation of duties,there is a potential for an employee to perpetrate andconcealatheftofassetsfromtheCompany.
Recommendation:Complete segregation of incompatible duties in the accountingdepartmentmaynotbepossibleatthecurrentstaffinglevels.Management and thosechargedwithgovernanceshouldbeawareofthelimitationsoftheinternalcontrolsystemascurrentlyimplementedandshouldremainalertforopportunitiestoimprovethesegregationofdutiesthroughthereallocationofdutiesorreassignmentofresponsibilities.
Management's Response:The Company periodically performs an informal riskassessmentandmonitorsthebusinessriskassociatedwithassignmentofpersonnel
to various activities.
42
Rural Telephone Company
Schedule of Findings and Responses
Year Ended December 31,2022
Findings Required to be reported by Government AuditingStandards
Reference
Number Findinq
Significant Deficiencies
2022-002 Criteria -In order for the Company to fulfill its reporting requirements and prepare
complete financial statement disclosures it must put in place personnel and properlydesignedcontrolstoensurefairlystatedfinancialstatements.
Condition -The Company has utilized accounting assistance from a third party todraftconsolidatedfinancialstatementsandassistwiththepreparationofcertainnormalannualclosingentries.
Cause -The Company has a limited number of personnel.
Effect -Lack of experience in preparing financial statements and normal closingentriescouldresultinincompletedisclosuresand/or incorrect presentation of
information which could have an adverse impact on users of the financial statements.
Recommendation:While putting in place the personnel and properly designedcontrolsmaynotbeacosteffectivesolutiontocompletingtheCompany's reportingrequirements,management should strive to educate staff on changing reportingrequirementsandreviewthefinancialstatementswithdisclosuresatmultiplelevels
prior to issuance.
Management'sResponse:The Company reviews and approves the results of these
activities and believes this approach provides a cost effective solution in light of their
limited resources.
43
FORVIS
8517 Excelsior Drive,Suite 301 /Madison,WI 53717
P 608.664.9110 /F 608.664.9112
forvis.com
Report on Compliance with Aspects of Contractual Agreements andRegulatoryRequirementsforTelecommunicationsBorrowers
Independent Auditor's Report
Board of Directors
Rural Telephone Company
Glenns Ferry,Idaho
We have audited,in accordance with auditing standards generally accepted in the United States of AmericaandthestandardsapplicabletofinancialauditscontainedinGovernmentAuditingStandardsissuedbytheComptrollerGeneraloftheUnitedStates,the consolidated financial statements of Rural TelephoneCompany,and subsidiaries (Company),which comprise the consolidated balance sheet as ofDecember31,2022 and 2021,and the related consolidated statements of income,stockholder's equity and
cash flows for the year then ended,and the related notes to the consolidated financial statements,andhaveissuedourreportthereondatedMay5,2023.In accordance with Government Auditing Standards,
we also have issued our report dated May 5,2023,on our consideration of the Company's internal control
over financial reporting and on our tests of its compliance with certain provisions of laws,regulations,contracts and grant agreements and other matters.No reports other than the reports referred to above and
our schedule of findings and responses related to our audit have been furnished to management.
In connection with our audit,nothing came to our attention that caused us to believe that the Company,failed to comply with the terms,covenants,provision or conditions of their loan,grant and securityinstrumentsassetforthin7CFRPart1773,Policy on Audits of Rural Utilities Service Borrowers,§1773.33
and the clarified RUS policy memorandum dated February 7,2014,insofar as they relate to accountingmattersasenumeratedbelow.However,our audit was not directed primarily toward obtaining knowledgeofnoncompliance.Accordingly,had we performed additional procedures,other matters may have come
to our attention regarding the Company's noncompliance with the above-referenced terms,covenants,provisions or conditions of the contractual agreements and regulatory requirements,insofar as they relate
to accounting matters.
In connection with our audit,we noted no matters regarding the Company's and subsidiaries accounting
and records to indicate that the Company did not:
Maintain adequate and effective accounting procedures;
Utilize adequate and fair methods for accumulating and recording labor,material and overhead
costs,and the distribution of these costs to construction,retirement and maintenance or other
expense accounts;
Reconcile continuing property records to the controlling general ledger plant accounts;
PRAXITY
Board of Directors
Rural Telephone Company and SubsidiariesPage45
Clear construction accounts and accrue depreciation on completed construction;
Record and properly price the retirement of plant;
Seek the approval of the sale,lease or transfer of capital assets and disposition of proceeds for the
sale or lease of plant,material or scrap;
Maintain adequate control over materials and supplies;
Prepare accurate and timely Financial and Operating Reports;
Obtain written approval to enter into any contract for the management,operation or maintenance
of the borrower's system if the contract covers substantially all of the telecommunications system;
Disclose material related-party transactions in the financial statements,in accordance withrequirementsforrelatedpartiesingenerallyacceptedaccountingprinciples;
Record depreciation in accordance with RUS requirements;
Comply with the requirements for the detailed schedule of investments.
Rural Telephone Company and Subsidiaries
Schedule of Subsidiary and Affiliate Investments
December 31,2022and 2021
Nehalem Pend Oreille Syringa
Telecommun-Telephone NetworksEntityNameications,Inc.Company LLC
Principal Business Local Local Broadband
exchange and exchange and Technology/Data
access access Transport
Ownership Percentage 100.00%100.00%3.84%
Accounting Method Consolidated Consolidated Equity
Year ended December31,2021
Original Investment
Prior years $1,600,000 $2,666,346 $361,576
Earnings
Prior years 1,315,676 4,855,528 3,858,222
Currentyear (52,031)1,051,590 749,229
Dividends received
Prior years -(1,724,375)(1,633,516)
Current year --(310,860)
Book value of investment December31,2021 2,863,645 6,849,089 3,024,651
Year ended December31,2022
Earnings
Current year (77,705)726,061 789,380
Dividends received
Current year -(340,000)(527,786)
Book value of investment December31,2022 $2,785,940 $7,235,150 $3,286,245
46
Board of Directors
Rural Telephone Company
Page 47
This report is intended solely for the information and use of the board of directors,management of theCompany,and the Rural Development Utilities Program and is not intended to be and should not be
used by anyone other than these specified parties.However,this report is a matter of public recordanditsdistributionisnotlimited.
FORVIS,LLP
FOKVB.LLP
Madison,Wisconsin
May 5,2023