Annual Report 2023.pdf

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ANNUAL OF
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NAME
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ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2023

ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31, 2023
COMPANY INFORMATION
1 Give full name of utility Aspen Creek Water Company, Inc.
Telephone Area Code( ) 435-757-2182
E-mail address [e-mail]
2 Date of Organization 12/28/1999
3 Organized under the laws of the state of Idaho
4 Address of Principal Office(number&street) 23-Meadow-Br,-=isti-Haveri-ID-8�3287
5 P.O. Box(if applicable) PO Box 77 C cw
6 City Garden City
7 State Utah
8 Zip Code 84028
9 Organization (proprietor, partnership, corp.) Corporation
10 Towns, Counties served Fish Haven, Idaho
11 Are there any affiliated companies? Yes
If yes, attach a list with names, addresses &descriptions. Explain any services
provided to the utility.
12 Contact Information Name Phone No.
President(Owner) Bart McKinnon 435-757-2182
Vice President Patrick McKinnon 435-757-2182
Secretary Kami McKinnon 435-757-2182
General Manager Bart McKinnon 435-757-2182
Complaints or Billing Kami McKinnon 435-757-2182
Engineering Bart McKinnon 435-757-2182
Emergency Service Bart McKinnon 435-757-2182
Accounting Kami McKinnon 435-757-2182
13 Were any water systems acquired during the year or any additions/deletions made
to the service 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 �f)tI�L 1�J
City fish-Haven Lr kc t(Y- 0
State 115— L�tc )
Zip 83287-
Rev 3/02 Pagel

NAME: Bart McKinnon, Aspen Creek Water Co.
COMPANY INFORMATION (Cont.)
For the Year Ended 12/31/2023
15 Is the system operated or maintained under a
service contract? No
16 If yes: With whom is the contract? n/a
When does the contract expire? n/a
What services and rates are included? n/a
17 Is water purchased for resale through the system? No
18 If yes: Name of Organization n/a
Name of owner or operator n/a
Mailing Address n/a
City n/a
State n/a
Zip n/a
Gallons/CCF $Amount
Water Purchased n/a
19 Has any system(s) been disapproved by the
Idaho Division of Environmental Quality? No
If yes, attach full explanation
20 Has the Idaho Division of Environmental Quality
recommended any improvements? Yes
If yes, attach full explanation
21 Number of Complaints received during year concerning:
Quality of Service 0
High Bills 0
Disconnection 0
22 Number of Customers involuntarily disconnected 0
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701? 1-Apr-02 (New Customers Receive at
Attach a copy of the Summary time of hookup)
24 Did significant additions or retirements from the
Plant Accounts occur during the year? No
If yes, attach full explanation
and an updated system map
Rev 3/02 Page 2

NAME: Bart McKinnon. Aspen Creek Water Co.
REVENUE & EXPENSE DETAIL
For the Year Ended 12/31/2023
ACCT# DESCRIPTION
400 REVENUES
1 460 Unmetered Water Revenue 28910
2 461.1 Metered Sales - Residential
3 461.2 Metered Sales-Commercial, Industrial
4 462 Fire Protection Revenue
5 464 Other Water Sates Revenue 47000
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue(Add Lines 1 -7) 75910
(also enter result on Page 4, line 1)
9 * DEQ Fees Billed separately to customers Booked to Acct#
10 '* Hookup or Connection Fees Collected 47000 Booked to Acct� 464
11 ***Commission Approved Surcharges Collected Booked to Acct#
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 10244
19 618 Chemicals
20 620.1-6 Materials &Supplies -Operation & Maint. 10255
21 620.7-8 Materials & Supplies-Administrative &General 1166
22 631-34 Contract Services - Professional 5759
23 635 Contract Services-Water Testing 1556
24 636 Contract Services -Other
25 641-42 Rentals - Property&Equipment
26 650 Transportation Expense
27 656-59 Insurance 437
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 4569
33 Total Operating Expenses (Add lines 12 -32, also enter on Pg 4, line 2) 33986
Rev 3/02 Page 3

Name: Bart McKinnon, Aspen Creek Water Co.
INCOME STATEMENT
For Year Ended 12/31/2023
ACCT# DESCRIPTION
1 Revenue(From Page 3, line 8) 75910
2 Operating Expenses(From Page 3, line 33) 33986
3 403 Depreciation Expense 22580
4 406 Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. -Other
6 408.10 Regulatory Fees (PUC)
7 408.11 Property Taxes 345
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list) DEQ Fees
9B
9C
9D
10 409.10 Federal Income Taxes 3745
11 409.11 State Income Taxes 1344
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) 62000
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) 13910
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) 0
29 Gross Income (add lines 19 &28) 13910
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) 13910
Rev 3/02 Page 4

Name: Bart McKinnon, Aspen Creek Water Co.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 12/31/2023
Balance Added Removed Balance
SUB Beginning During During End of
ACCT# DESCRIPTION of Year Year Year Year
1 301 Organization
2 302 Franchises and Consents
3 303 Land & Land Rights 10000 10000
4 304 Structures and Improvements 14500 14500
5 305 Collecting & Impounding Reservoirs 90000 90000
6 306 Lake, River&Other Intakes
7 307 Wells 143380 143380
8 308 Infiltration Galleries &Tunnels
9 309 Supply Mains
10 310 Power Generation Equipment 20651 20651
11 311 Power Pumping Equipment 40051 40051
12 320 Purification Systems
13 330 Distribution Reservoirs &Standpipes
14 331 Trans. & Distrib. Mains &Accessories 136260 136260
15 333 Services
16 334 Meters and Meter Installations 1500 1500
17 335 Hydrants 14500 14500
18 336 Backflow Prevention Devices
19 339 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 279751 1 27975
29 TOTAL PLANT IN SERVICE 470842 498817
(Add lines 1 -28) Enter beginning &end of year totals on Pg 7, Line 1
Rev 3/02 Page 5

Name: Bart McKinnon, Aspen Creek Water Co.
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 12/31/2023
Depreciation Balance Balance Increase
SUB Rate Beginning End of or
ACCT# DESCRIPTION % of Year Year Decrease
1 304 Structures and Improvements 5 14275 14500 225
2 305 Collecting & Impounding Reservoirs 5 90000 90000 0
3 306 Lake, River&Other Intakes
4 307 Wells 5 102100 130844 28744
5 308 Infiltration Galleries &Tunnels
6 309 Supply Mains
7 310 Power Generation Equipment 100 20651 20651 0
8 311 Power Pumping Equipment 10 40051 40051 0
9 320 Purification Systems
10 330 Distribution Reservoirs &Standpipes
11 331 Trans. & Distrib. Mains &Accessories 5 81045 90735 9690
12 333 Services
13 334 Meters and Meter Installations 10 1500 1500 0
14 335 Hydrants 5 14500 14500 0
15 336 Backflow Prevention Devices
16 339 Other Plant & Misc. Equipment
17 340 Office Furniture and Equipment
18 341 Transportation Equipment
19 342 Stores Equipment
20 343 Tools, Shop and Garage Equipment
21 344 Laboratory Equipment
22 345 Power Operated Equipment
23 346 Communications Equipment
24 347 Miscellaneous Equipment
25 348 Other Tangible Property 0 22580 22580
26 TOTALS (Add Lines 1 -25) 364122 4253611 61239
Enter beginning &end of year totals on Pg 7, Line 7
Rev 3/02 Page 6

Name: Bart McKinnon, Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 12/31/2023
ASSETS Balance Balance Increase
Beginning End of or
ACCT# DESCRIPTION of Year Year Decrease
1 101 Utility Plant in Service (From Pg 5, Line 29) 470842 498817 27975
2 102 Utility Plant Leased to Others
3 103 Plant Held for Future Use
4 105 Construction Work in Progress
5 114 Utility Plant Aquisition Adjustment
6 Subtotal (Add Lines 1 -5) 470842 498817 27975
7 108.1 Accumulated Depreciation (From Pg 6, Line 26) -364122 -425361 -61239
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 Plant(Line 6 less lines 7 - 12) 106720 73456 -33264
14 123 Investment in Subsidiaries
15 125 Other Investments
16 Total Investments (Add lines 14 & 15) 0 0 0
17 131 Cash 47283 53868 6585
18 135 Short Term Investments
19 141 Accts/Notes Receivable-Customers 4080 42001 120
20 142 Other Receivables
21 145 Receivables from Associated Companies
22 151 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) 51363 58068 6705
27 181 Unamortized Debt Discount& Expense
28 183 Preliminary Survey& Investigation Charges
29 184 Deferred Rate Case Expenses
30 186 Other Deferred Charges (Escrow) 0 0 0
31 Total Assets (Add lines 13, 16&26-30) 158083 131524 -26559
Rev 3/02 Page 7

Name: Bart McKinnon Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 12/31/2023
LIABILITIES &CAPITAL Balance Balance Increase
Beginning End of or
ACCT# DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock 3000 3000 0
2 204-6 Preferred Stock
3 207-13 Miscellaneous Capital Accounts
4 214 Appropriated Retained Earnings
5 215 Unappropriated Retained Earnings 43184 57094 13910
6 216 Reacquired Capital Stock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6) 46184 60094 13910
9 221-2 Bonds
10 223 Advances from Associated Companies
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 5179 3369 -1810
18 236.2 Accrued Taxes- Non-Utility
19 237-40 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 450191 450191 0
28 272 Accum. Amort. of Contrib. in Aid of Const. ** -382130 -343471 -38659
29 281-3 Accumulated Deferred Income Taxes
30 Total Liabilities (Add lines 9-29 111899 71430 -40469
31 TOTAL LIAB &CAPITAL(Add lines 8 &30) 1580831 131524 -26559
** Only if Commission Approved
Rev 3/02 Page 8

Name: Bart McKinnon Aspen Creek Water Co.
STATEMENT OF RETAINED EARNINGS
For Year Ended 12/31/2023
1 Retained Earnings Balance @ Beginning of Year 43184
2 Amount Added from Current Year Income(From Pg 4, Line 32) 13910
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year 57094
CAPITAL STOCK DETAIL
No. Shares No. Shares Dividends
7 Description (Class, Par Value etc.) Authorized Outstanding Paid
Common Stock$1 Par Value 50000 3000 0
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
8 -Description Rate Balance Paid Accrued
N/A
Rev 3/02 Page 9

Name: Bart McKinnon, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
For Year Ended 12/31/2023
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 m Filter etc.) (000's Gal. Surface Wtr
Dempster Y-750 Aspen Creek 300 Chlorine 13511 Well
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated,Pres- (Wood, Steel
Storage Designation or Location Gal. Gal. urized, Boosted) Concrete)
Storage Tank-Aspen Creek 115 100 Elevated Concrete
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Rev 3/02 Page 10

Name: Bart McKinnon, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 12/31/2023
4 Pump information for ALL system pumps, including wells and boosters.
Rated Discharge Energy
Designation or Location Horse Capacity Pressure Used
&Type of Pump" Power pm (psi) This Year
Dempster Y-750 Aspen Creek 40 300 140 35494
** 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? 15,632,400
What was the total amount pumped during peak month? 2,657,624
What was the total amount pumped on the peak day? 106,305
6 If customers are metered, what was the total amount sold in peak month? N/A
7 Was your system designed to supply fire flows? Yes
If Yes: What is current system rating? 1000 GPM
8 How many times were meters read this year? 1
During which months? July
9 How many additional customers could be served with no system improvements
except a service line and meter? 43
How many of those potential additions are vacant lots? 43
10 Are backbone plant additions anticipated during the coming year?
If Yes, attach an explanation of projects and anticipated costs! Yes
11 In what year do you anticipate that the system capacity(supply, storage or distribution)
will have to be expanded? 2024
Rev 3/02 Page 11

Name: Bart McKinnon, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
(continued)
For 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
6" 12600 12600
2" 700 700
8" 7325 600 7925
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential 62 56 15632 14542
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential
313 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) 62 56 15632 14542
Rev 3/02 Page 12

CERTIFICATE
State of4daM )
ss
County of .h"C )
I, the undersigned Bart McKinnon and { y 6\k ) of the Aspen Creek Water Co.
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.
(Chief Officer)
i ^
(Officer in Charge ofAccounts)
Subscribed and Sworn to Before Me
rn1 n C�
this d" day of , tom NUTARY PUBLIC
SIlAItLENE C MIL.LARO
, My Commission 0 728215
/ ALGA ° Cot►wnis I Epp
V Q r— Fib uwy 15,2027
NOTARY PUBLICll'1'Ali
My Commission Expires f P�
gdk/excel/j nel son/a nul rpts/Mrannual rpt
Rev 3/02 Page 13

Aspen Creek Water, Co.
Attachment to Annual Report
Line 11: Affiliated Companies
Dirthead Services Inc. Land Developer who is responsible for
23 Meadow Dr Developing the land that the Water Fish
Haven, Idaho 83287 Company services.
Line 20: Recommended Improvements by Division of Environmental Quality
Recommendation was made that a 2nd Well be drilled and added to the water system
because of expansion of the subdivision. The Well has been drilled and was completed in
February 2007. No other recommendations have been made at this time.
System Engineering Data- Line 10: Back Bone Plant Additions
A pump house for the new well is expected to be completed in 2024 at an estimated cost
of$40,000. A backup generator was installed in 2021 at a cost of$15,934. An auto
switch was installed in 2022. The cost of the auto switch was $4,717. These costs will be
provided by either the company or the developer.

Summary of Rules and Regulations of the
Idaho Public Utilities Commission
Governing Customer Relations of
Natural Gas Electric and Water Public Utilities
Under the Jurisdiction of the Idaho
Public Utilities Commission
A utility may terminate service to a customer without his/her permission after
adequate notice for the following reasons:
A) Non-payment of delinquent bills.
B) Failure to abide by the terms of payment arrangement.
C) Misrepresentation of identity.
D) Unauthorized diversion or use of the utility.
E) Non-sufficient funds check.
Actions customers may take to avoid termination:
A) Pay in full or make payment arrangements with the utility company.
B) A physician's certificate stating the existence of a medical emergency.
C) An informal or formal complaint concerning the termination may be filed
with the utility.
Aspen Creek Water Co
PO Box 77
Garden City, UT 84028
[phone]
Or if unable to contact the utility company you may file with the
Idaho Public Utilities Commission, PO Box 83720, Boise, ID 83720 or
call 1-800-432-0369.
Complete set of customer Rules & Regulations on file with Aspen Creek Water Co.
and the Idaho Public Utilities Commission.