2023Annual Report.pdf

CAM-T
RECEIVED
Tuesday,April 16,2024 10:47 AM
IDAHO PUBLIC
UTILITIES COMMISSION
ANNUAL REPORT
OF
Cambridge Telephone Company
NAME
PO Box W??-
Cambridge, ID 83610
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2023

ANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31, 2023
COMPANY INFORMATION
Exact name of utility: Cambridge Telephone Company
Address of principal office: P.O. Box K ambridge ID 83610
Telephone Number (Area Code 208) 257-3314 Email address:[e-mail]
Cities or towns served: Cambridge, Council, Indian Valley, Cuprum, Lowman
Name and title of officer having custody of the general corporate books of account:
James Wescott, CEO
Address of office where corporate books are kept and phone number:
P.O. Box 88, 130 Superior Street, Cambridge, ID 83610, [phone]
Organized under the laws of the State of: Idaho
Date of organization: 1966
Form of organization (proprietorship, association, corporation): Corporation
If a Subchapter S Corporation, please specify: N/A
Name and address of controlling company, if any: N/A
Names of affiliated companies. Give address and description of business:
CTC Telecom, Inc., P.O. Box 69, Cambridge, ID
83610-Telecommunications, Internet and Wireless (CLEC)
OFFICERS
Report below the title, name and office address of each general officer of the utility at the end of the
year. If there were any changes during the year, show the name, title, and address of the previous
officer and the date of change.
Title Name Address
Chairman & President Richard Wiggins P.O. Box 88, Cambridge, ID 83610
Vice President Kermit Wiggins P.O. Box 88, Cambridge, ID 83610
Secretary/Treasurer Kristie Kanady P.O. Box 88, Cambridge, ID 83610
Board Member& CEO Joana Wiggins P.O. Box 88, Cambridge, ID 83610
Board Member James Wescott P.O. Box 88, Cambridge, ID 83610
Rev 3/02 Page 1
These financial statements have not been subjected to an audit, review, or compliation engagement, and no
assurance is provided for them.

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
Kermit Wiggins Indefinite 1 -
P.O. Box 88, Cambridge, ID 83610
Richard Wiggins Indefinite 1
P.O. Box 88, Cambridge, ID 83610
Joana Wiggins Indefinite 1
P.O. Box 88, Cambridge, ID 83610
Kristie Kanady Indefinite 1 -
P.O. Box 88, Cambridge, ID 83610
James Wescott Indefinite 1
P.O. Box 88, Cambridge, ID 83610
Name of Chairman of the Board: Richard Wiggins
Name of Secretary(or Clerk) of Board: Kristie Kanady
Number of Meetings of the Board during the year: 1
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
Richard Wiggins Chairman & President Confidential
James Wescott CEO Confidential
Kristie Kanady Secretary/Treasurer& Billing Manager Confidential
Jerry Piper VP, Operations Confidential
Rev 3/02 Page 2
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

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.
1 In 1998, CTC Telecom, Inc. (CTC), a whollv-owned subsidiary of Cambridge Telephone Company,
was incorporated. with an initial investment of$100,000. CTC operates as a Competitive Local
Exchanqe Carrier in the state of Idaho. Additional capital investments (net of returns of capital )
of$2,542.546 have been made through December 31, 2023.
2 Cambridge Telephone Company (Cambridge) is a member of Syringa Networks, LLC, an Idaho
Limited Liability Company. Cambridge's investment in Syringa as of December 31, 2023 was
$6,295,342 (equity method investment).
3 As of December 31, 2023, the company has five loans with Zions Bank:
[a] $1.058.448
[b] $409,917
[c] $1,876,095
[d] $685,182
[e] $685,182
[f] $2,000,000
4 The Company opted into the A-CAM model-based support and is eligible to receive $2,891,180
annually until 2028.
5 Beginning in January 2024 the Company will received Enhanced A-CAM support of$6,134,381
annually until 2038. This will replace A-CAM support in note 4 above.
Rev 3/02 Page 3
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

BALANCE SHEET
Assets and Other Debits
Balance Balance Increase
Beginning at End or
I Itle of Account of Year of Year (Decrease)
Current Assets
1120 Cash and Equivalents
1130 Cash 291,629 6,137,073 5,845,444
1140 Special Cash Deposits -
1150 Working Cash Advances
1160 Temporary Investments -
1180 Telecommunications Accts. Receivable 227,842 379,011 151,169
1181 Accts. Rec. Allow. -Telecommunications -
1190 Other Accounts Receivable 3,343,704 346,668 (2,997,036)
1191 Accounts Receivable Allow. - Other -
1200 Notes Receivable -
1201 Notes Receivable Allowance -
1210 Interest & Dividends Receivable -
1220 Material and Supplies 2,092,548 2,647,992 555,444
1280 Prepayments -
1290 Prepaid Rents -
1300 Prepaid Taxes -
1310 Prepaid Insurance 51,745 77,451 25,706
1320 Prepaid Directory Expenses -
1330 Other Prepayments
1350 Other Current Assets
Noncurrent Assets
1401 Investment in Affiliated Companies 11,013,105 3,642,546 (7,370,559
1402 Investment in Nonaffiliated Companies 6,360,046 6,558, 09 198,063
1406 Nonregulated Investments -
1407 Unamortized Debt Issuance Expense
1408 Sinking Funds
1410 Other Noncurrent Assets 67,575 55,426 (12,149)
1438 Deferred Maintenance & Retirements
1439 Deferred Charges 1,470 1,470 -
1500 Other Jurisdiction Assets - Net -
Property, Plant and Equipment
2001 Telecommunications Plants in Service 26,519,826 27,554,335 1,034,509
2002 Prop. Held for Future Telecom. Use -
2003 Telecom. Plant under Constr. - Short Term 557,949 246,716 (311,233)
2004 Telecom. Plant under Constr. - Long Term -
2005 Telecom. Plant Adjustment -
2006 Nonoperating Plant -
2007 Goodwill 169,166 - (169,166)
Depreciation and Amortization Accounts
3100 Accumulated Depreciated (22,228,067) (22,902,569) (674,502)
3200 Accum. Depre. - Held for Future Use -
3300 Accumulated Depreciation - Nonoperating -
3400 Accumulated Amortization -Tangible -
3410 Accum. Amort. - Capitalized Leases -
3420 Accum. Amort. - Leasehold Improvements -
3500 Accumulated Amortization - Intangible -
3600 Accumulated Amortization - Other -
TOTAL ASSETS 28,468,538 24,744,228 (3,724,310)
Rev 3/02 Page 4
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

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 798,957 689,012 (109,945)
4020 Notes Payable 334,000 334,000
4030 Advance Billings and Payments 156,778 156,778
4040 Customer Deposits 160,718 1,640 (159,078)
4050 Current Maturities- Long -Term Debt -
4060 Current Maturities- Capital leases -
4070 Income Taxes -Accrued (104,464) 104,464
4080 Other Taxes -Accrued 14,000 16,895 2,895
4100 Net Current Defer. Oper. Income Taxes - -
4110 Net Current Defer. Nonoper. Income Taxes -
4120 Other Accrued Liabilities 349,098 259,372 (89,726)
4130 Other Current Liabilities -
Long-Term Debt
4210 Funded Debt 7,094,039 7,134,084 40,045
4220 Premium on Long-Term Debt -
4230 Discount on Long-Term Debt -
4240 Reacquired Debt -
4250 Obligations Under Capital Leases 54,980 54,980
4260 Advances from Affiliated Companies -
4270 Other Long-Term Debt -
Other Liabilities & Deferred Credits
4310 Other Long-Term Liabilities 190,000 190,000
4320 Unamort. Oper. Invest. Tax Credits- Net 652,886 586,607 (66,279)
4330 Unamort. Nonoper. Invest. Tax Credits- Net -
4340 Net Noncurrent Defer. Oper. Income Taxes -
4350 Net Noncur. Defer. Nonoper. Income Taxes -
4360 Other Deferred Credits -
4370 Other Juris. Liab. & Def. Credits - Net -
Stockholders' Equity -
4510 Capital Stock 30,000 30,000 -
4520 Additional Paid-In Capital -
4530 Treasury Stock (757,511) 2,841,666 3,599,177
4540 Other Capital -
4550 Retained Earnings 20,230,815 12,449,194 (7,781,621)
TOTAL LIAB. & OTHER CREDITS 28,468,538 24,744,228 (3,724,310)
Rev 3/02 Page 5
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

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INVESTMENTS
Report below the investments in Accounts 1401, 1402 and 1406. Identify each investment as to the
account in which included. Minor amounts in Account 1406 may be grouped by classes.
Book Cost of Book Cost of
Investments Investments
Disposed of Held at
Description Date Acquired This year End of Year
CTC Telecom, Inc. 1998 3,642,546
Cash value life insurance 53,539
Syringa Networks, LLC 2000-2008 6,295,342
NRTC 2003-2020 19,228
Marketable Securities 2023 190,000
Totals 10,200,655
RECEIVABLES
Itemize amounts show in Accounts 1180, 1190 and 1200. For notes receivable list each note separately and
include the maturity date and interest rate. Minor amounts in Account 1210 may be combined.
Amount at End of Year
Notes Accounts
Name of Company Receivable Receivable
Due from customers 379,011
Interexchange carriers 334,850
Miscellaneous other 11,818
Totals 725,679
Rev 3/02 Page 10
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

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
Zion's Bank 11/3/2023 7.9 10/14/2025 334,000
Totals 334.000
ACCOUNTS PAYABLE
Report below all Accounts Payable amounting to more than $100.00
Name of Creditor Amount
Stuart C Irby Co 288,040
Calix 136,903
High Country Fusion 127,836
WAV Inc. 15,621
FORVIS 14,147
Computer Technology Inc. 11,116
Bankcard Center 9,450
Northwest Power Systems 8,904
Vertigis LLC 8,366
Idaho Power 5,764
Engineering Northwest LLC 5,000
Telispire 4,892
Safeguard 4,823
Universal Service Administration 3,854
Silver Star Communications 2,984
Aviat U.S., Inc. 2,344
Cambridge Lumber Company 2,259
Allied Benefits 2,052
Smith Auto 1,870
Idaho State Insurance 1,867
Vantage Point 1,800
Utah State Tax Commission 1,743
Amerigas 1,706

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CAPITAL STOCK
Report below the particulars called for concerning common and preferred stock at end of year,
designating separate series of any general class. Show totals separately for common and
preferred.
For each class of preferred stock, show the dividend rate and whether dividends are cumulative or
noncumulative.
Show details in a footnote of capital stock sold during the year. Include number of shares,
consideration received, premium or discount, and expenses incurred.
Number Outstanding per
of Shares Par Value Balance Sheet
Class & Series of Stock Authorized per Share Shares Amount
Common stock 30,000 $ 1.00 30,000 30,000
Rev 3/02 Page 13
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

INCOME $ RETAINED EARNINGS STATEMENT
Item Total Company Idaho Only
Total Operating Income (from page 16) 5,570,937 Same as
Total Operating Expenses (from page 18) 4,905,277 total company
7100 Other Operating Income and Expense
7210 Operating Investment Tax Credits-Net 0
7220 Operating Federal Income Taxes (113,507)
7230 Operating State and Local Income Taxes (14,103)
7240 Operating Other Taxes 40,600
7250 Provision for Deferred Operating Income Taxes-Net 0
7200 Operating Taxes (Total) (87,010)
7310 Dividend Income
7320 Interest Income (153,077)
7330 Income from Sinking and Other Funds
7340 Allowance for Funds Used During Construction (34,261)
7350 Gains/Losses from the Disposition of Certain Property
7360 Other Nonoperating Income (2,988,648)
7370 Special Charges
7300 Nonoperating Income and Expense (3,175,986)
7410 Nonoperating Investment Tax Credits-Net
7420 Nonoperating Federal Income Taxes
7430 Nonoperating State and Local Income Taxes
7440 Nonoperating Other Taxes
7450 Provision for Deferred Nonoperating Income Taxes-Net
7400 Nonoperating Taxes
7510 Interest on Funded Debt 141,746
7520 Interest Expense-Capital Leases 186,836
7530 Amortization of Debt Issuance Expense
7540 Other Interest Deductions 76
7500 Interest and Related Items 328,658
7610 Extraordinary Income Credits
7620 Extraordinary Income Charges
7630 Current Income Tax Effect of Extraordinary Items-Net
7640 Provision for Deferred Income Tax Effect of
Extraordinary Items-Net
7600 Extraordinary Items
7910 Income Effect of Jurisdictional Ratemaking
Differences-Net
7990 Nonregulated Net Income 7,262
AMOUNT TRANSFERRED TO RETAINED EARNINGS 3,607,260
Rev 3/02 Page 14
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

OPERATING REVENUES
Item Total Company Idaho Only
Local Network Services Revenues
5001 Basic Area Revenue 393,411 Same as
5002 Optional Extended Area Revenue total company
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 51,541
5069 Other Local Exchange Settlements 2,891,046
Network Access Services Revenues
5081 End User Revenue (SLC) 144,765
5082 Switched Access Revenue (Interstate) 572,707
5083 Special Access Revenue
5084 State Access Revenue (Intrastate) 213,740
Long Distance Network Services Revenues
5100 Long Distance Message Revenue-All
Miscellaneous Revenues
5230 Directory Revenue 4,400
5240 Rent Revenue 4,185
5250 Corporate Operations Revenue 1,293,603
5261 Special Billing Arrangements Revenue
5262 Customer Operations Revenue
5263 Plant Operations Revenue
5264 Other Incidental Regulated Revenue 470
5269 Other Revenue Settlements
5270 Carrier Billing & Collection Revenue
Uncollectible Revenues
5301 Uncollectible Revenue-Telecommunications 1,069
5302 Uncollectible Revenue- Other
TOTAL OPERATING REVENUES 5,570,937
Please identify the following revenues:
NECA USF $2,891,180. To what account were they booked? 5069.10
State USF $149,676. To what account were they booked? 5084.52
Rev 3/02 Page 15
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

OPERATING REVENUES
Item Total Company Idaho Only
Plant Specific Operations Expense
6110 Network Support Expenses Same as
6112 Motor Vehicle Expense 23,443 total company
6113 Aircraft Expense
6114 Special Purpose Vehicles Expense
6115 Garage Work Equipment Expense
6116 Other Work Equipment Expense
6120 General Support Expenses
6121 Land and Building Expenses 144,585
6122 Furniture and Artworks Expense
6123 Office Equipment Expense 22,761
6124 General Purpose Computers Expense 138,401
6210 Central Office Switching Expenses
6211 Analog Electronic Expense
6212 Digital Electronic Expense 131,757
6215 Electro-Mechanical Expense
6220 Operators System Expense
6230 Central Office Transmission Expenses 8,400
6231 Radio Systems Expense
6232 Circuit Equipment Expense 460,312
6310 Information Origination/Termination Expense
6311 Station Apparatus Expense
6341 Large Private Branch Exchange Expense
6351 Public Telephone Terminal Equipment Expense
6362 Other Terminal Equipment Expense
6410 Cable and Wire Facilities Expenses
6411 Pole Expense 161,657
6421 Aerial Cable Expense
6422 Underground Cable Expense
6423 Buried Cable Expense 180,957
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 1,272,273
Rev 3/02 Page 16
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

OPERATING REVENUES
Item Total Company Idaho Only
Plant Nonspecific Operations Expense
6510 Other Property/Plant/Equipment Expenses Same as
6511 Property Held for Future Telecomm. Use Expenses total company
6512 Provisioning Expense
6530 Network Operations Expense
6531 Power Expense
6532 Network Administration Expense 356,839
6533 Testing Expense
6534 Plant Operations Administration Expense
6535 Engineering Expense 13,020
6540 Access Expense 43,786
6560 Depreciation and Amortization Expenses
6561 Depreciation Expense-Telecom. Plant in Service 1,280,333
6562 Depreciation Expense-Property Held for Future Use
6563 Amortization Expense -Tangible
6564 Amortization Expense - Intangible 169,166
6565 Amortization Expense -Other
Total Plant Nonspecific Operations Expenses 1,863,144
Customer Operations Expense
6610 Marketing
6611 Product Management
6612 Sales
6613 Product Advertising 71,392
6620 Services
6621 Call Completion Services
6622 Number Services 9,618
6623 Customer Services 157,417
Total Customer Operations Expense 238,427
Corporate Operations Expense
6710 Executive and Planning
6711 Executive 724,231
6712 Planning
6720 General and Administrative
6721 Accounting and Finance 540,779
6722 External Relations
6723 Human Resources
6724 Information Management
6725 Legal 6,481
6726 Procurement
6727 Research and Development
6728 Other General and Administrative 259,942
6790 Provision for Uncollectible Notes Receivable
Total Corporate Operations Expense 1,531,433
TOTAL OPERATING EXPENSES 3,633,004
Rev 3/02 Page 17

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ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES
YEAR ENDED DECEMBER 31,
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 X No
Included in directory Yes No X
Date of notification 05/01/2024
Alternate method of notification
Rule IDAPA 31.41.01.403.02
Record of Complaints:
Number received by Company 0
Category of complaints (if known):
Deposit Disputes
Charges on Bill
Denial/Termination
Quality or Availability
of Service
Carrier Selection/Assignment
Miscellaneous
Rev 3/02
Page 20
These financial statements have not been subjected to an audit, review, or compilation engagement, and no
assurance is provided for them.

CERTIFICATE
State of Idaho )
j ss
County of )
WE, the undersigned James Wescott
and
of the CAMBRIDGE TELEPHONE COMPANY INC. utllity,
on our oath do severally say that the foregoing return has been prepared under our direction, from
the original books, papers, and records of said utility; that we have carefully examined same, and
declare the same to be a correct statement of the business affairs of said utility for the period
covered by the return in respect to each and every matter and thing therein set forth, to the best of
our knowledge, information and belief.
(Chief Officer)
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me this day of (Year) c? r
Notary 6.1blic
SANDRA J WARD
Notary Public-State of Idaho
Commission Number 20191714
My Commission expires Lc. _ (Year) & My Commission Expires Aug 9,2025
U
Rev 3/02
gdk/excel/jnelson/anulrpts/telannualrpt
Page 21