2023Annual Report.pdf

RECEIVED
Tuesday, April 30, 2024 3:45PM
IDAHO PUBLIC
UTILITIES COMMISSION
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 12/31/2023
COMPANY INFORMATION
1 Give full name of utility Algoma Water Company
2 Date of Organization 5/15/1984
3 Organized under the laws of the state of Idaho
4 Address of Principal Office (number&street) 67 Wild Horse Trail
5 P.Q. Box (if applicable)
6 City Sandpoint
7 State Idaho
8 Zip Code 83864
9 Organization (proprietor, partnership, corp.) Sole Proprietor
10 Towns, Counties served Algoma, Bonner
11 Are there any affiliated companies? (yes or no) No
If yes,attach a list with names,addresses&descriptions. Explain any services provided to the utliity.
12 Contact Information Name Phone No.
President (Owner) Robert Carrier 702-6139-1061
Vice President
Secretary
General Manager
Complaints or Billing Debbie Haines 208-265-4270
Engineering Bob Hansen 208-2155-4270
Emergency Service Bob Hansen 208-265-4270
Accounting Debbie Haines 208-265-4270
13 Were any water systems acquired during the year or any additions/deletions made
iv the sei vice area during the year? No
If yes,attach a list with names,addresses&descriptions. Explain any services provided to the utility.
14 Where are the Company's books and records kept?
Street Address 67 Wild Horse Trail
City Sandpoint
State Idaho
Zip 83864
2023 Algoma Annual Report 1 of 13

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
COMPANY INFORMATION (Cont.) For the Year Ended 12/31/2023
15 Is the system operated or maintained under a service contract? Yes
16 if yes: With whom is the contract? Water Systems Management
When does the contract expire? Ongoing
What services and rates are included?
17 Is water purchased for resale through the system? No
18 If yes: Name of Organization
Name of owner or operator
Mailing Address
City
State
Zip
Gallons/CCF $Amount
Water Purchased
19 Has any system(s) been disapproved by the
Idaho Department of Environmental Quality?
If yes,attach full explanation
20 Has the Idaho Department of Environmental Quality
recommended any improvements?
If yes,attach full explanation
21 Number of Complaints received during year concerning:
Quality of Service
High Bills
Disconnection
22 Number of Customers involuntarily disconnected
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?
If yes,attach full explanation and an updated system map
2023 Algoma Annual Report 2 of 13

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
REVENUE&EXPENSE DETAIL For the Year Ended 12/31/2023
SUB ACCT DESCRIPTION
400 REVENUES
1 460 Unmetered Water Revenue $ 9,852.0
2 461.1 Metered Sales - Residential
3 461.2 Metered Sales - Commercial, Industrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue(Add Lines 1 -7) $ 9,852.00
(also enter result on Page 4,line 1) Booked to Acct #
9 *DEQ Fees Billed separately to customers Booked to Acct #
10 **Hookup or Connection Fees Collected Booked to Acct #
11 ***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
12 601.1-6 Labor- Operation &Maintenance
13 601.7 Labor- Customer Accounts
14 601.8 Labor- Administrative&General
15 603 Salaries, Officers &Directors
16 604 Employee Pensions&Benefits
17 610 Purchased Water
18 615-16 Purchased Power&Fuel for Power $ 2,246.91
19 618 Chemicals
20 620.1-6 Materials &Supplies- Operation &Maint. $ 9,103.3
21 620.7-8 Materials&Supplies- Administrative&General $ 90.2
22 631-34 Contract Services- Professional $ 2,575.51
23 635 Contract Services- Water Testinq $ 309.2
24 636 Contract Services- Other $ 765.7
25 641-42 Rentals - Property&Equipment
26 650 Transportation Expense
27 656-59 Insurance
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm. Exp. (Other except taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous $ 2S3.3
33 Total Operating Expenses (Add lines 12-32,also enter on Pg 4,line 2) $ 15,344.31
2023 Algoma Annual Report 3 of 13

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
INCOME STATEMENT For the Year Ended 12/31/2023
SUB ACCT DESCRIPTION
1 Revenue(From Page 3,line 8) $ 9,852.00
2 Operating Expenses(From Page 3,line 33) $ 15,344.31
3 403 Depreciation Expense $ -
4 406 Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.So Regulatory Fees (PUC)
7 408.11 Property Taxes $ 160.90
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list) DEQ Fees
9B
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes
12 410.10 Provision for Deferred Income Tax- Federal
13 410.11 Provision for Deferred Income Tax- State
14 411 Provision for Deferred Utility Income Tax Credits
15 412 Investment Tax Credits- Utility
16 Total Expenses from operations before Interest (add lines 2-15) $ 15,505.21
17 413 Income From Utility Plant Leased to Others
18 414 Gains (Losses) From Disposition of Utility Plant
19 Net Operating Income(Add lines 1, 17&18 less line 16) $ (5,653.21)
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing,Jobbing &Contracts
22 419 Interest&Dividend Income
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes, Non-Utility Operations
27 409-20 Income Taxes, Non-Utility Operations
28 Net Non-Utility Income (Add lines 20,22,23&24 less lines 21,25,26,&27) $ -
29 Gross Income(add lines 19&28) $ (5,653.21)
30 427.3 Interest Exp. on Long-Term Debt
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30&31),(Also Enter on Pg 9,Line 2) $ (5,653.21)
2023 Algoma Annual Report 4 of 13

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
ACCOUNT 101 PLANT IN SERVICE DETAIL For the Year Ended 12/31/2023
Balance Added Removed Balance
Beginning During During End of
SUB ACCT DESCRIPTION of Year Year Year Year
1 301 Organization $ —�
2 302 Franchises and Consents $
3 303 Land &Land Rights $ 27,800.00 $ 27,800.00
4 304 Structures and Improvements $ 764.83 $ 764.83
5 305 Collecting &Impounding Reservoirs $ -
6 3u6 Lake, River&Other intakes $ -
7 307 Wells $ 594.09 $ 594.09
8 308 Infiltration Galleries&Tunnels $
9 309 Supply Mains $ -
10 310 Power Generation Equipment $ -
11 311 Power Pumping Equipment $ 21,562.17 $ 21,562.17
12 320 Purification Systems $ -
13 330 Distribution Reservoirs&Standpipes $ 2,068.77 $ 2,068.77
14 331 Trans. & Distrib. Mains&Accessories $ 15,066.23 $ 15,066.23
15 333 Services $ -
16 334 Meters and Meter Installations $
17 335 Hydrants $
18 336 Backflow Prevention Devices $ _
19 3'39 Other Plant&Misc. Equipment $ -
20 340 Office Furniture and Equipment $
21 341 Transportation Equipment $
22 342 Stores Equipment $
23 343 Tools, Shop and Garage Equipment $ _
24 344 Laboratory Equipment $_„
25 345 Power Operated Equipment $
26 346 Communications Equipment $
27 347 Miscellaneous Equipment $
28 348 Other Tangible Property $ -
29 TOTAL PLANT IN SERVICE $ 67,856.09 $ - - $ 67,856.09
(Add lines 1-28) Enter beginning&end of year totals on Pg 7,Line 1
2023 Algoma Annual Report 5 of 13

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL For the Year Ended 12/31/2023
Depreciation Balance Balance Increase
Rate Beginning End of or
SUB ACCT DESCRIPTION % of Year Year (Decrease)
1 304 Structures and Improvements $ 764.83 $ 764.83 $ -
2 305 Collecting &Impounding Reservoirs $
3 306 Lake, River&Other Intakes $
4 307 Wells $ 594.09 $ 594.09 $
5 308 Infiltration Galleries &Tunnels $
6 jug Suppiy Mains
7 310 Power Generation Equipment $
8 311 Power Pumping Equipment 5.0% $ 21,562.17 $ 20,484.06 $ (1,078.11)
9 320 Purification Systems $
10 330 Distribution Reservoirs&Standpipes $
11 331 Trans. &Distrib. Mains&Accessories $ 8,040.00 $ 8,040.00 $ -
12 333 Services $
13 334 Meters and Meter Installations $
14 335 Hydrants $
15 336 Backflow Prevention Devices $
16 339 Other Plant&Misc. Equipment $
17 340 Office Furniture and Equipment $
18 341 Transportation Equipment $
Si 342 Stores Equipment $
20 343 Tools, Shop and Garage Equipment $
21, 344 Laboratory Equipment $
22 345 Power Operated Equipment I $
2-3 346 Communications Equipment $
24 347 Miscellaneous Equipment $
25 348 Other Tangible Property $
26 TOTALS(Add Lines 1 -25) $ 30,961.0 $ 29,882.98 $ (1,078.11)
Enter beginning&end of year totals on Pg 7,Line 7
2023 Algoma Annual Report 6 of 13

ANNUAL REPORT FOR WATER U 1LMES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
BALANCE SHEET For the Year Erlded 12/31/2023
ASSETS Balance Balance Increase
Beginning End of or
SUB ACCT DESCRIPTION of Year Year (Decrease)
1 101 Utility Plant in Service(From Pg 5,Line 29) $ 67,856.09 $ 67,856.09 $ -
2 102 Utility Plant Leased to Others $ -
3 103 Plant Held for Future Use $ -
4 1o5 Construction Work in Progress $ -
5 114 Utility Plant Aquisition Adjustment $
6 Subtotal (Add Lines i-5) $ 67,856.09 $ 67,856.09 $
7 im.i Accumulated Depreciation (From Pg 6,Line 26) $ 30,961.09 $ 29,882.98 $ (1,078.11)
8 108.2 Accum. Depr. - Utility Plant Lease to Others $ -
9 108.3 Accum. Depr. - Property Held for Future Use $ -
10 110.1 Accum. Amort. - Utility Plant in Service $ -
11 110.2 Accum. Amort. - Utility Plant Lease to Others $ -
12 115 Accumulated Amortization - Aquisition Adj. $ -
13 Net Utility Planet(tine 6 less lines 7-12) $ 36,895.00 $ 37,973.11 $ 1,078.11
14 123 Investment in Subsidiaries $ -
15 125 Other Investments $
16 Total Investments (Add lines 14&15) $ - $ - $ -
17 131 Cash $ 2,346.93 $ 1,008.00 $ (1,338.93)
18 135 Short Term Investments $ -
19 141 Accts/Noies Receivable- Customers $ 393.75 459.00
20 142 Other Receivables $ 189.00 $ (189.00)
21 145 Receivables from Associated Companies $ -
22 i5i Materials &Supplies Inventory $
23 162 Prepaid Expenses $ -
24 173 Unbilled (Accrued) Utility Revenue $ -
25 143 Provision for Uncollectable Accounts $
26 Total Current(Add lines 17 -24,less line 25) $ 2,929.68 $ 1,467.00 $ (1,462.68)
27 181 Unamortized Debt Discount&Expense $ -
28 183 Preliminary Survey&Investigation Charges $
29 im Deferred Rate Case Expenses $ -
30 186 Other Deferred Charges $ -
31 Total Assets (Add lines 13, 16&26-30) $ 39,824.68 $ 39,440.11 $ 384.57
2023 Algoma Annual Report 7 of 13

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
BALANCE SHEET For the Year Ended 12/31/2023
LIABILITIES R CAPITAL Balance Balance Increase
Beginning End of or
SUB ACCr DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock —`—�
2 204-6 Preferred Stock
3 207-13 Miscellaneous Capital Accounts
4 214 Appropriated Retained Earnings
5 215 Unappropriated Retained Earnings
6 216 Reacquired i..apiLdi StOGK
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6) $ - $ - $ -
9 221-2 Bonds
10 223 Advances from Associated Companies $ 38,704.68 1 $ 58,218.77 $ 19,514.09
11 224 Other Long -Term Debt
12 231 Accounts Payable _
13 232 Notes Payable
14 233 Accounts Payable-Associated Companies
15 235 Customer Deposits (Refundable)
16, 236.11 Accrued Other Taxes Payable
17 236.12 Accrued Income Taxes Payable
18 236.2 Accrued Taxes - Non-Utility ... _
9, 237-40 Accrued Debt, interest&Dividends Payable
20 241 Misc. Current&Accrued Liabilities
21 251 Unamortized Debt Premium
22, 252 Advances for Construction
23, 253 Other Deferred Liabilities
24• 255.1 Accumulated Investment Tax Credits - Utility
25 255.2 Accum. Investment Tax Credits- Non-Utility
26 261-5 Operating Reserves
27 271 Contributions in Aid of Construction
28 272 Accum. Amort. of Contrib. in Aid of Const. **
29 281-3 Accumulated Deferred Income Taxes
30 Total Liabilities(Add lines 9-29) $ 38,704.E $ 58,218.77 $ 19,514.09
31. TOTAL LIABILITIES $CAPITAL (Add lines 8&30) $ 38,704.68 $ 58,218.77 $ 19,514.09
*Only 9 Commission Approved
2023 Algoma Annual Report 8 of 13

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
STATEMENT OF RETAINED EARNINGS For the Year Ended 12/31/2023
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year Income (From Pg 4, Line 32) $ (5,653.21)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
No. Shares No.Shares Dividends
7 Description (Class, Par Value etc.) Authorized outstanding Paid
$
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Totals $ $
2023 Algoma Annual Report 9 of
g p

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
SYSTEM ENGINEERING DATA For the Year Ended 12/31/2022
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply: Type of Water
Treatment: supply
Rated (None,Chlorine Annual Source
Capacity Fluoride Production (Well,spring,
Pump Designation or location (gpm) Filter etc.) (000's Gal.) Surface Wtr)
TOTALS 0
3 System Storage:
Type of
Total Usable Reservoir Construction
Capacity Capacity (Elevated (Wood,
000's 000's Pressurized Steel
Storage Designation or Location Gal. Gal. Boosted) _Concrete)
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
2023 Algoma Annual Report 10 of 1�

ANNUAL REPORT FOR WATER UTILMES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
SYSTEM ENGINEERING DATA Continued For the Year E ided 12/31/2023
4 Pump information for ALL system pumps, including wells and boosters.
Rated Rated Discharge Energy used
Horse power Capacity Pressure this Year
Designation or Location &Type of Pump** (hp) (gpm) (psi) (Kwh)
**Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space Is available on this page.
5 If Wells are metered:
What was the total amount pumped this year? 000's gal.
What was the total amount pumped during peak month? 000's gal.
What was the total amount pumped on the peak day? gal.
6 If customers are metered, what was the total amount sold in peak month? 000's gal.
7 Was your system designed to supply fire flows?
If Yes:What is current system rating?
8 How many times were meters read this year?
During which months?
9 How many additional customers could be served with no system improvements
except a service line and meter?
How many of those potential additions are vacant lots?
10 Are backbone plant additions anticipated during the coming year?
If Yes,attach an owlanatlon of am1ects and anticloated costs!
11 In what year do you anticipate that the system capacity (supply, storage or distributio )
will have to be expanded?
2023 Algoma Annual Report 11 of 13

ANNUAL REPORT FOR WATER UTILtRES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Algoma Water Company
SYSTEM ENGINEERING DATA Continued For the Year Ended 12/31/2023
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End of
Size Of Year Year Year Year
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
This Last "this Last
Year Year Year Year
2 Metered:
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:
3A Residentiai
3B Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
TOTALS (Add lines 2 through 8) 0 1 0 1 0 1 0
2023 Algoma Annual Report 12 of

ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
CERTIFICATE
State of Idaho )
ss
County of
�� )
'z WL
WE, the undersigned ` ' � y
and /�
of the ►� l S ` (J ✓� l �
utility, on our oath do severally say that the foregoing report 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 and affairs of said utility for the period
covered by the report in respect to each and every matter and thing therin set forth, to the best of our
knowledge, information and belief.
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
this +.j V day of 6 RACHEL ELLEN LAINE
—' Notary Public-State of Idaho
Commission Number 53783
My Commission Expires Nov 30,2029�
RY PUBLIC
My Commission Expires , tr '30 202
gdk/excel/jnelson/anuirptsi'wtrannual rpt
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