20240603Inland Telephone Company Form 481_ETC Affidavit.pdf

RECEIVED
INLAND TELEPHONE COMPANY Monday, June 3, 202
4
IDAHO PUBLIC
Corporate Offices UTILITIES COMMISSION
103 South 2nd Street
P.O. Box 171 INLAND
Roslyn, WA 98941 TELEPHONE
Telephone:[phone]
Fax:[phone]
June 3, 2024
Via electronic filing to: secretar ROuc.idaho.gov
Ms. Monica Barrios-Sanchez
Commission Secretary
Idaho Public Utilities Commission
11331 W. Chinden Blvd, Bldg 8, Suite 201-A
Boise, Idaho 83714
RE: 2023 Eligible Telecommunications Carrier (ETC) Annual Reporting
Requirements with the IPUC/ 2024 ETC Re-Certification
Dear Ms. Barrios-Sanchez:
Inland Telephone Company hereby provides notice to the Idaho Public
Utilities Commission ("Commission") that it has electronically completed and
submitted the FCC Form 481 to the Universal Service Administrative
Corporation ("USAC") and the Federal Communications Commission ("FCC") for
carriers designated as an Eligible Telecommunications Carrier, in accordance
with 47 C.F.R. §§ 54.313 and 54.422.
I have also included the signed Affidavit pursuant to Commission Order
29841. Inland Telephone Company, Study Area Code 472423, is a rural
incumbent local exchange carrier (ILEC) as designated by the FCC, and is eligible
to receive federal universal service high-cost support pursuant to the Code of
Federal Regulations ("CFR"), Title 47, §§ 54.301, 54.305, and Part 36, sub-part
F.
Please review the FCC Form 481 filing and include Inland Telephone
Company in your Annual Use Certification Letter to USAC and the FCC. If you
should have any questions, do not hesitate to contact me directly.
Sincer ,
ames K. Brooks
Treasurer/Controller
Attachments

State of Washington ) CERTIFICATION BY ELIGIBLE TELECOMMUNICATIONS CARRIER
) ss OF COMPLIANCE WITH SERVICE QUALITY AND CUSTOMER
County of Kittitas ) PROTECTION, ABILITY TO REMAIN FUNCTIONAL IN EMERGENCIES,
AND USE OF FEDERAL HIGH-COST SUPPORT.
AFFIDAVIT OF BUSINESS OR CORPORATE OFFICER
The Idaho Public Utilities Commission Order No. 29841 requires that Eligible Telecommunications Carriers(ETC)
certify that it is compliant with applicable service quality standards and consumer protection rules; and ETCs must
demonstrate the ability to remain functional in emergencies. In addition, the Commission must file an annual
certification with the USAC and the FCC that all federal high-cost support provided to ETCs within the State of
Idaho will be used only for the provision, maintenance, and upgrading of facilities and services for which the
support is intended. Accordingly, the undersigned states and verifies under oath the following:
1. I am an officer of Inland Telephone Company, an eligible telecommunications carrier for receiving federal
universal service support under section 214(e) of the Telecommunications Act of 1996 in the state of
Idaho.
2. 1 am familiar with the Company's day-to-day operations in the state of Idaho and with the State's service
quality standards and consumer protection rules as set forth in Commission Order No. 29841.
3. Inland Telephone Company is complying with applicable service quality standards and consumer
protection rules of the Federal Communications Commission and the Idaho Public Utilities Commission.
4. 1 certify to the Commission that the Company is able to remain functional in emergencies as set forth in
Commission Order No. 29841 and in 47 C.F.R. § 54.202(a)(2).
5. 1 also certify that all federal universal service support funds received by Inland Telephone Company
during the current calendar year will be used in a manner consistent with section 254(e); that is, for the
provision, maintenance, and upgrading of facilities and services for which the support is intended. The
company will continue to comply for the period of January 1, 2025, through December 31, 2025, to be
eligible for federal universal service fund support.
6. This verification and affidavit is provided to be the Idaho Public Utilities Commission to enable the IPUC to
certify to the FCC that federal universal service support received by the eligible carriers in the state will be
used in a manner consistent with Section 254(e) of the Telecommunic!51tlen Act.
times K. Brooks, Treasurer/Controller
June 3, 2024
Date
SUBSCRIBED AND SWORN to before me this DL day of June
otary Public for Washir6ton, residing at 1cU r4 R NuaM-s ter.
JESSICA BERRY My Commission expires OLY Gg,,r 7,ZoZ-1 i�s1�{n, I&A.
Notary Public ccmqj
State of Washington
Commission#23030181
My Comm. Expires Oct 7, 2027

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Filing Type and Contact Info
Filing Type
This information has been preselected based on High Cost and Lifeline program support paid out in the previous calendaryear.If
you think the filing type is incorrect,please contact USAC.
High Cost(Section 54.313)
Lifeline(Section 54.422)
Contact Information
Include contact information for the person best able to answer questions about this form.
Contact Name(030)
James Brooks
Phone#(035) Ext.(optional)
[phone]
(xxx)xxx-xxxx
Contact Email Address(039)
[e-mail]
Page 1 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Service Outage Reporting (Voice) (200)
Reportable Outages
For the prior calendar year,were there any reportable voice service outages?(210)
OYes O No
Upload Service Outage Data(220)
Service Outage Data-Template °S1
CSV on ly
Page 2 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Number of Complaints per 1,000 Customers (400)
Report Voice Complaints
How you would like to report voice complaints(zero or greater)for voice telephony service in the prior
calendar year for each service area in which you are designated an ETC for any facilities you own,operate,
lease,or otherwise utilize.(400)
Enter complaints per 1000 customers for fixed
voice(410)
Enter complaints per 1000 customers for mobile
voice(420)
Page 3 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Compliance with Service Quality Standards and Consumer Protection Rules
(500)
Certify
Compliance with Minimum Service Standards(515)
Does the carrier comply with applicable minimum service standards?
OYes O No
Page 4 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Functionality in Emergency Situations (600)
Certify
Functionality in Emergency Situations Certification(600)
Is the carrier able to function in emergency situations?
• Yes O No
Descriptive Document for Functionality in Emergency Situations(610)
PDF 472423 ID FUNC IN EMERG CERT.pdf (72 KB) X
PDF only
Page 5 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Operating Companies (800)
Carrier Names
Reporting Carrier(810)
Inland Telephone Company
Holding Company (811) O
Western Elite Incorporated Services
Validate the information listed above(811)by selecting one of the following:
• Holding Company/Affiliate name listed above is correct.(811A)
OHolding Company/Affiliate name listed above is NOT correct. (811B)
The correct Holding Company/Affiliate name
is(811C):
OThis study area does not have a Holding Company/Affiliate name.(811D)
Operating Company
Operating Company(812)
Inland Telephone Company
Upload Operating Company Data(813A,813B,813C)(Optional)
Operating Company Data Template-CS°
CSV only
Page 6 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Tribal Lands Reporting (900)
Tribal Land Services
Does the filing entity offer Tribal land services?(900)
O Yes • No
Tribal Land(s)on which ETC Serves(910)
Tribal Government Engagement Obligation
(920)
PDF only
Confirm Statuses
Select Yes,No,or NA for each of the below to confirm the status described on the attached PDF(920)
demonstrates coordination with the Tribal government pursuant to Section 54.313(a)(5)includes:
Needs assessment and deployment planning with a focus on Tribal community anchor institutions(921)
OYes O No O NA
Feasibility and sustainability planning(922)
01 Yes O No O NA
Marketing services in a culturally sensitive manner(923)
Yes O No O NA
Compliance with Rights of way processes(924)
OYes O No O NA
Page 7 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Compliance with Land Use permitting requirements(925)
OYes O No 0 NA
Compliance with Facilities Siting rules(926)
Yes O No O NA
Compliance with Environmental Review processes(927)
U Yes O No O NA
Compliance with Cultural Preservation review processes(928)
OYes O No O NA
Compliance with Tribal Business and Licensing requirements(929)
Yes O No O NA
Page 8 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Voice and Broadband Service Rate Comparability (1000)
Certify Voice
Voice Services Rate Comparability Certification (1000)
Is the carrier's pricing of fixed voice services no more than two standard deviations above the applicable
national average urban rate for voice service?If you answer No to line 1000,please provide an explanation
for non-compliance.
• Yes 0 No O Not Applicable
Attach Detailed Description for Voice Services Rate Comparability Compliance(1010)
PDF 472423 ID VOICE RATE COMP CERT.pdf (70 KB) X
PDF,XLS,XLSX only
Certify Broadband
Broadband Comparability Certification (1020)
Does the carrier's broadband services pricing meet one of the following criteria?If you answer No to line 1020,
please provide an explanation for non-compliance.
• Yes-Pricing is no more than the most recent applicable benchmark announced by the Wireline
Competition Bureau.
OYes-Pricing is no more than the non-promotional price charged for a comparable fixed wireline service
in urban areas in the states or U.S.Territories where the eligible telecommunications carrier receives
support.
ONo-Unable to certify broadband rate comparability
ONot Applicable.
OYes-CETC Alaska Plan participant certifies that one plan it offers is substantially similar to a service plan
offered by at least one mobile wireless service provider in the cellular market area of Anchorage,Alaska
and offered for the same or a lower rate than the matching plan in the cellular market area.
Page 9 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Attach Detailed Description for Broadband Rate Comparability Compliance(1030)
PDF 472423 ID BB RATE COMP CERT.pdf(79 KB) X
PDF,XLS,XLSX only
Page 10 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Terrestrial Backhaul Reporting (1100)
Certify
Terrestrial Backhaul Certification(1100)
Do terrestrial backhaul options exist?
• Yes O No
Select the appropriate response to confirm the reporting carrier offers broadband service of at least 1
Mbps downstream and 256 kbps upstream within the supported area pursuant to Section 54.313(g)
(1130)
OYes O No O Not Applicable
Alaska Plan Satellite Backhaul Certification(1140)
Is the carrier providing service consistent with its approved performance plan in the portion(s)of its study
area that relies exclusively on satellite backhaul?
OYes O No O Not Applicable
Page 11 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Lifeline Terms and Conditions (1200)
Upload Document or Link Website
Upload a descriptive document(s)AND/OR reference a specific link to your company's website.
Terms&Conditions of Voice Telephony Lifeline Plans(1210)
PDF only
AND/OR
Link to Public Website(1220)
Confirm Information
Check these boxes below to confirm that the attached PDF,on line 1210,or the website listed,on line 1220,contains the
required information pursuant to Section 54.422(a)(2)annual reporting for ETCs receiving low-income support,carriers
must annually report:
Information describing the terms and conditions of any voice telephony service plans offered to Lifeline
subscribers(1221)
Details on the number of minutes provided as part of the plan(1222)
Additional charges for toll calls,and rates for each such plan(1223)
Page 12 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Price Cap Data (2005)
Certify
Select the appropriate responses below to note compliance as a recipient of frozen High Cost support,High Cost
support to offset access charge reductions,and Connect America Phase II support as set forth in 47 CFR 54.313(c),
(d),(e).The information reported on this form and in the documents attached below is accurate.
Price Cap Carrier Receiving Frozen Support Certification(2015)
Does the carrier certify compliance with the requirements in 47 CFR Section 54.312(a)?
OYes O No O NA
Price Cap Carrier Connect America ICC Support(2016)
Does the carrier certify compliance with the requirements in 47 CFR Section 54.313(d)?
O Yes O No O NA
Enter total amount of Phase II support,if any,that the price cap carrier used for capital expenditures in 2022.(2017C)
$x.xx
$x.xx
Price Cap Community Anchor Institutions(2018A)
Indicate if the carrier newly deployed broadband service to community anchor institution(s)in the previous
calendar year.
OYes-Attach New Community Anchors
ONo-No New Community Anchors
ONot Applicable-No Attachment Required
Page 13 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Please Provide Attachment(2018B)
Attach a document to this line to provide the number,names and addresses of community anchor institutions to
which the recipient newly began providing access to broadband service in the preceding calendar year.
CommunityAnchorTOmplate X`5
-------------------------------------
XLSM only
Page 14 of 36

Privileged and Contains Confidential Information
INLAND TFL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Rate of Return Data (3005)
Certify
Select from the drop down menus or check the boxes below to note compliance with 54.313(f)(1).Privately held
carriers must ensure compliance with the financial reporting requirements set forth in 47 CFR 54.313(f)(2).I further
certify that the information reported on this form and in the documents attached below is accurate.
Does this filing retain a Cost Consultant and/or Firm,or other Third Party to prepare financial and
operations data disclosures submitted to the National Exchange Carrier Association(NECA),USAC,or
the Administrator?(3007)
OYes O No
Name of Consultant(3007A) Name of Consultant Firm/Third Party(30076)
+Another Consultant
Certification of Public Interest Obligations(3030A)
Does the carrier certify compliance with the requirements in 47 CFR Sections 54.313(f)(1)(i)?
• Yes-Attach Explanation O No-Attach Explanation
ONot Applicable-No Attachment Required
Please Provide Attachment(3010B)
PDF 472423 ID PUBLIC INTEREST CERT.pdf (60 KB) X
PDF,XLS,XLSX,DOC,DOCX only
Page 15 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Rate-of-Return Community Anchor Institutions(3012A)
Indicate if the carrier newly deployed broadband service to community anchor institution(s) in the previous
calendar year.
OYes-Attach New Community Anchors • No-No New Community Anchors
ONot Applicable-No Attachment Required
Please Provide Attachment(301213)
Using link,download template and list the number,name and address for each community anchor institution.As
required by 47 CFR Section 54.313(f)(1)(ii),attach the document which contains the community anchor institution
details.
Community Anchor Template x`a
-------------------------------------
XLSM only
As defined in 47 CFR Section 54.313(f)(2),is your company a Privately Held ROR Carrier?(3013)
• Yes O No
Does your company file the RUS annual report?(3014)
• Yes O No
Please check these boxes to confirm that the attached document(s),on line 3017,contains the required
information pursuant to Section 54.313(f)(2)compliance requires:
Electronic copy of their annual RUS reports(Operating Report for Telecommunications
Borrowers)(3015)
L) Document(s)with Balance Sheet,Income Statement and Statement of Cash Flows(3016)
Annual Report(3017)
PDF WA05340530-12312023 RUS.pdf (350 KB) X
PDF,XLS,XLSX,DOC,DOCX only
Page 16 of 36

Privileged and Contains Confidential Information
INLAND TFL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Is your company audited?(3018)
0 Yes n No
If the response is yes on line 3018,please check the boxes below to confirm your submission on line 3026
pursuant to§54.313(f)(2),contains:
Either a copy of their audited financial statement;or(2)a financial report in a format
comparable to RUS Operating Report for Telecommunications Borrowers(3019)
Document(s)with Balance Sheet,Income Statement and Statement of Cash Flows(3020)
Management letter and/or audit opinion issued by the independent certified public
accountant that performed the company's financial audit(3021)
Copy of their financial statement which has been subject to review by an independent
certified public accountant;or 2)a financial report in a format comparable to RUS
Operating Report for Telecommunications Borrowers(3022)
Underlying information subjected to a review by an independent certified public
accountant(3023)
Underlying information subjected to an officer certification (3024)
Document(s)with Balance Sheet,Income Statement and Statement of Cash Flows(3025)
Worksheet Listing(3026)
PDF,XLS,XLSX,DOC,DOCX only
Financial Data Summary
Enter the specified financial data below which is located on your RUS Report(attached on Line 3017)or your
reviewed/audited financial statements(attached on Line 3026).
Revenue(3027)
8743575
Page 17 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Operating Expenses(3028)
L51127
Net Income(3029)
F
2312
Telephone Plant In Service(TPIS) (3030)
F2T97206
Total Assets(3031)
19714362
Total Debt(3032)
10497582
Total Equity(3033)
9216780
Dividends(3034)
Iv
Page 18 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Rural Broadband Experiment Data (4005)
Certify
Public Interest Obligations(4001)
Per FCC 14-98(paragraphs 26-29 and 78),recipient certifies that it is offering broadband meeting the requisite
public interest obligations consistent with the category for which they were selected,including broadband speed,
latency,usage capacity,and rates that are reasonably comparable to rates for comparable offerings in urban
areas.
OYes O No
RBE Community Anchor Institutions(4003A)
Indicate if the carrier newly deployed broadband service to community anchor institution(s)in the previous
calendaryear.
OYes-Attach New Community Anchors
ONo-No New Community Anchors
Please Provide Attachment(400313)
Using link,download template and list the number,name and address for each community anchor institution.As
required by FCC 14-98(paragraph 79),attach the document which contains the community anchor institution
details.
Community Anchor Template x`5
------------ --------- -- -
XLSM only
Page 19 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Alaska Plan Participants (5005)
Certify Terrestrial Backhaul
Newly Available Terrestrial or other Satellite Backhaul(RoR Carriers)(5011)
Indicate whether any terrestrial backhaul or other satellite backhaul became commercially available in the previous
calendar year in areas previously served exclusively by performance-limiting satellite backhaul.
O Yes O No
Newly Available Terrestrial or other Satellite Backhaul(CETC Carriers)(5012)
If the filing carrier identified in its approved performance plans that it relies exclusively on satellite backhaul for a
certain portion of the population in its service area,indicate whether any terrestrial backhaul or other satellite
backhaul became commercially available in the previous calendar year in areas that were previously served
exclusively by satellite backhaul.
OYes O No
Upload Backhaul Technology Data(5013A-5013C)
Backhaul Data Template CS°
--------------------------------
CSV only
Page 20 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Phase II Auction Reporting (6005)
Certify
Enter the total amount of Phase 11 Auction Support,if any,the carrier used for capital expenditures.(6010)
$x.xx
New York Funds Certification(6011)
Certify regarding whether the recipient has available funds for all project costs that will exceed the amount of
support that will be received for the next calendar year.This certification must be provided starting the first July 1
after receiving support until the recipient's penultimate year of support.
O Yes O No
Community Anchor Institutions(6012a)
Indicate if the carrier newly deployed broadband service to community anchor institution(s)in the previous
calendar year.
OYes-Attach New Community Anchor O No-No New Community Anchor
Using the template,upload a document with a number,name and address for each community anchor institution.(6012b)
Community Anchor Template —
-------------------------------------
XLSM only
FCC Form 470 Postings(6013)
For the filing due July 1 following full implementation of this requirement answer this certification request.
Page 21 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
OYes O No O Not Applicable
Post-Final Deployment Milestone Performance Certification(6014)
Starting the first July 1 after meeting the final service milestone,certify that the Phase II-funded network that the
Phase II auction recipient operated in the prior year meets the relevant performance requirements in Section
54.309.
OYes O No O Not Applicable
Page 22 of 36

Privileged and Contains Confidential Information
INLAND TFL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Phase-Down Support Reporting (7005)
Certify
Price Cap Carrier and Fixed Competitive Eligible Telecommunications Carrier Transitional Support
Requirement Certification.(7010)
This certification request applies to any price cap carrier or fixed competitive eligible telecommunications
carrier that elects to continue receiving support pursuant to Section 54.312(d)or Section 54.307(e)(2)(iii)
starting July 1,2020,and annually thereafter on July 1 for each subsequent year they receive such support.
These carriers must use this support throughout specific high-cost and extremely high-cost census blocks
where they continue to have the federal high-cost ETC obligation to provide voice service pursuant to
Section 54.201(d)at rates that are reasonably comparable to comparable offerings in urban areas.Per
Section 54.313(m),does the carrier certify that they used all such support received in the previous year to
provide voice service in compliance with the above obligation?
OYes O No
Page 23 of 36

Privileged and Contains Confidential Information
INLAND TFL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Puerto Rico Fixed and Mobile Funds Certification (8005)
Certify Fixed
Capital Expenditures(8010)
Enter the total amount of Uniendo a Puerto Rico Stage 2 fixed support,if any,the carrier used for capital
expenditures.
$x.xx
Available Funds Certification(8011)
Certify(either yes or no)regarding whether the recipient has available funds for all project costs that will exceed
the amount of support that will be received for the next calendar year.This certification must be provided starting
the first July 1 after receiving support until the recipient's penultimate year of support.
OYes O No
Community Anchor Institutions(8012A)
Indicate if the carrier newly deployed broadband service to community anchor institution(s)in the previous
calendar year.
OYes-Attach New Community Anchors O No-No New Community Anchors
Please Provide Attachment(8012B)
Using link,download template and list the number,name and address for each community anchor institution.As
required by 47 CFR Section 54.313(e)(2)(i)(A),attach the document which contains the community anchor
institution details.
Community-Anchor- Template x`S
------------- -- --------------------
Page 24 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
U1Ily
FCC Form 470 Postings(8013)
For the filing due July 1 following full implementation of this requirement answer yes,no,or not applicable to this
certification request.
OYes O No O Not Applicable
Post-Final Deployment Milestone Performance Certification(8014)
Starting the first July 1 after meeting the final service milestone,certify(yes or no)that the Uniendo a Puerto Rico
Stage 2-funded network that the Stage 2 recipient operated in the prior year meets the relevant performance
requirements in Section 54.309.
OYes O No O Not Applicable
Support Reimbursement Certification(8020)
54.313(n): Recipients of Uniendo a Puerto Rico Fund Stage 2 fixed support shall certify that such support was not
used forcosts that are(orwill be)reimbursed by other sources of support,including of federal or local government
aid or insurance reimbursements;and that support was not used for other purposes,such as the retirement of
company debt unrelated to eligible expenditures,or other expenses not directly related to network restoration,
hardening,and expansion consistent with the framework of the Uniendo a Puerto Rico Fund.
O Yes O No
Disaster Preparedness and Response Documentation(8030)
54.313(n): Recipients of fixed support from Stage 2 of the Uniendo a Puerto Rico Fund shall certify that they have
conducted an annual review of the documentation required by section 54.1515(a)-(c)to determine the need for
and to implement changes or revisions to disaster preparation and recovery documentation.
OYes O No
Page 25 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Certify Mobile
Support Reimbursement(8040)
54.313(n): Recipients of Uniendo a Puerto Rico Fund Stage 2 mobile support shall certify that such support was not used
for costs that are(or will be) reimbursed by other sources of support,including of federal or local government aid or
insurance reimbursements;and that support was not used for other purposes,such as the retirement of company debt
unrelated to eligible expenditures,or other expenses not directly related to network restoration,hardening,and
expansion consistent with the framework of the Uniendo a Puerto Rico Fund.
OYes O No
Disaster Preparedness and Response Documentation(8050)
54.313(n): Recipients of mobile support from Stage 2 of the Uniendo a Puerto Rico Fund shall certify that they have
conducted an annual review of the documentation required by section 54.1515(a)-(c)to determine the need for
and to implement changes or revisions to disaster preparation and recovery documentation.
O Yes O No
Mobile Disbursements Certification(8060)
54.313(o):Recipients of Uniendo a Puerto Rico Fund Stage 2 mobile support shall certify that they are in
compliance with all requirements for receipt of such support to continue receiving Stage 2 mobile disbursements.
O Yes O No
Page 26 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Transitional Support(8070)
Recipients of transitional support under Section 54.1516 shall certify that such support was not used for costs that
are or will be reimbursed by other sources of support,or expenses not directly related to network restoration,
hardening,and expansion consistent with the framework of the Uniendo a Puerto Rico Fund.Transitional support
recipients shall certify that they have conducted an annual review to determine that their disaster preparation and
recovery documentation is up to date,as required by Section 54.1515(a)through(c)or Section 54.1524.Answer
yes or no if carrier is compliant with 54.313(q).
OYes O No
Spending Plans for Recipients of Legacy Frozen Phase-Down Support(8080)
For annual reports due in 2024,2025,and 2026,recipients of frozen high-cost support under Section 54.1504(b)
shall certify that such support received after June 1,2023 was used for resiliency and redundancy measures and to
maintain their voice and broadband network footprint.
O Yes O No
Page 27 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Connect USVI Fixed and Mobile Funds Certification (9005)
Certify Fixed
Capital Expenditures(9010)
Enter the total amount of Connect USVI Fund Stage 2 fixed support,if any,the carrier used for capital expenditures.
$x.xx
Available Funds Certification(9011)
Certify(either yes or no) regarding whether the recipient has available funds for all project costs that will exceed
the amount of support that will be received for the next calendar year.This certification must be provided starting
the first July 1 after receiving support until the recipient's penultimate year of support.
OYes O No
Community Anchor Institutions(9012A)
Indicate if the carrier newly deployed broadband service to community anchor institution(s)in the previous
calendar year.
OYes-Attach New Community Anchors O No-No New Community Anchors
Please Provide Attachment(9012B)
Using link,download template and list the number,name and address for each community anchor institution.As
required by 47 CFR Section 54.313(e)(2)(i)(A),attach the document which contains the community anchor
institution details.
Community Anchor Template x`s
-------------------------------------
XLSM only
Page 28 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
FCC Form 470 Postings(9013)
For the filing due July 1 following full implementation of this requirement answer yes,no,or not applicable to this
certification request.
OYes O No O Not Applicable
Post-Final Deployment Milestone Performance Certification(9014)
Starting the first July 1 after meeting the final service milestone,certify(yes or no)that the Connect USVI Fund
Stage 2-funded network that the Stage 2 recipient operated in the prior year meets the relevant performance
requirements in Section 54.309.
OYes O No O Not Applicable
Support Reimbursement Certification(9020)
54.313(n): Recipients of Connect USVI Fund Stage 2 fixed support shall certify that such support was not used for
costs that are(or will be)reimbursed by other sources of support,including of federal or local government aid or
insurance reimbursements;and that support was not used for other purposes,such as the retirement of company
debt unrelated to eligible expenditures,or other expenses not directly related to network restoration,hardening,
and expansion consistent with the framework of the Connect USVI Fund.
OYes O No
Disaster Preparedness and Response Documentation(9030)
54.313(n): Recipients of fixed support from Stage 2 of the Connect USVI Fund shall certify that they have conducted
an annual review of the documentation required by section 54.1515(a)-(c)to determine the need for and to
implement changes or revisions to disaster preparation and recovery documentation.
OYes O No
Certify Mobile
Page 29 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Support Reimbursement(9040)
54.313(n): Recipients of Connect USVI Fund Stage 2 mobile support shall certify that such support was not used for costs
that are(or will be)reimbursed by other sources of support,including of federal or local government aid or insurance
reimbursements;and that support was not used for other purposes,such as the retirement of company debt unrelated
to eligible expenditures,or other expenses not directly related to network restoration,hardening,and expansion
consistent with the framework of the Connect USVI Fund.
OYes O No
Disaster Preparedness and Response Documentation(9050)
54.313(n): Recipients of mobile support from Stage 2 of the Connect USVI Fund shall certify that they have
conducted an annual review of the documentation required by Section 54.1515(a)-(c)to determine the need for
and to implement changes or revisions to disaster preparation and recovery documentation.
OYes O No
Mobile Disbursements Certification(9060)
54.313(o):Recipients of Connect USVI Fund Stage 2 mobile support shall certify that they are in compliance with
all requirements for receipt of such support to continue receiving Stage 2 mobile disbursements.
OYes O No
Page 30 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Transitional Support(9070)
Recipients of transitional support under Section 54.1516 shall certify that such support was not used for costs that
are or will be reimbursed by other sources of support,or expenses not directly related to network restoration,
hardening,and expansion consistent with the framework of the Connect USVI Fund.Transitional support
recipients shall certify that they have conducted an annual review to determine that their disaster preparation and
recovery documentation is up to date,as required by Section 54.1515(a)through(c)or Section 54.1524.Answer
yes or no if carrier is compliant with 54.313(q).
O Yes O No
Spending Plans for Recipients of Legacy Frozen Phase-Down Support(9080)
For annual reports due in 2024,2025,and 2026,recipients of frozen high-cost support under Section 54.1504(b)
shall certify that such support received after June 1,2023 was used for resiliency and redundancy measures and to
maintain their voice and broadband network footprint.
O Yes O No
Page 31 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Rural Digital Opportunity Fund Reporting (10005)
Certify RDOF
Capital Expenditures(10010)
Starting the first July 1 after receiving support until the July 1 after the recipient's support term has ended,
recipients of Rural Digital Opportunity Fund support must submit the total amount of support,if any,the recipient
used for capital expenditures in the previous calendaryear.This is required by 47 C.F.R.Section 54.313(e)(2)(i)(B).
$x.xx
Available Funds Certification(10011)
Please provide a response(either yes or no)to this certification request for any recipient of Rural Digital
Opportunity Fund support that the recipient has available funds for all project costs that will exceed the amount of
support that will be received for the next calendar year.This certification must be provided starting the first July 1
after receiving support until the recipient's penultimate year of support,as required by required by 47 C.F.R.
Section 54.313(e)(2)(ii).
OYes O No
Community Anchor Institutions(10012A)
Recipients of Rural Digital Opportunity Fund support must attach a list containing the number,names,and
addresses of community anchor institutions to which the eligible telecommunications carrier newly began
providing access to broadband service in the preceding calendaryear.This filing is required by 47 C.F.R.Section
54.313(e)(2)(i)(A).
OYes-Attach New Community Anchors O No-No New Community Anchors
Page 32 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Please Provide Attachment(10012B)
Using link,download template and list the number,name and address for each community anchor institution.As
required by 47 CFR Section 54.313(e)(2)(i)(A),attach the document which contains the community anchor
institution details.
Comm-unity-Anchor- - Template----X`S
------- ----- -- --- ----------- -
�L�' _ i
FCC Form 470 Postings(10013)
For the filing due July 1st following full implementation of this requirement,please provide a response(either yes,
no,or not applicable)to this certification request.Recipients of Rural Digital Opportunity Fund must respond
affirmatively that they bid on category one telecommunications and Internet access services in response to all FCC
Form 470 postings seeking broadband service that meets the connectivity targets for the schools and libraries
universal service support program for eligible schools and libraries(as described in Section 54.501) located within
any area in a census block where the carrier is receiving Rural Digital Opportunity Fund,and that such bids were at
rates reasonable comparable to rates charged to eligible schools and libraries in urban areas for Instructions for
Completing FCC Form 481 OMB Control No.3060-0986(High-Cost)OMB Control No.3060-0819(Low-Income)
November 2020 Page 44 comparable offerings.This filing is required by 47 C.F.R.Section 54.313(e)(2)(i)(C).This
certification will not be required until the July 1st following the E-Rate program year that this obligation has been
fully implemented.Modernizing the E-Rate Program for Schools and Libraries et al.,WC Docket.Nos.13-184,10-90,
29 FCC Rcd 15538,15566-67,para.72(2014).
OYes O No O Not Applicable
Page 33 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Post-Final Deployment Milestone Performance Certification(10014)
Starting the first July 1st after a Rural Digital Opportunity Fund recipient meets its final service milestone until the
July 1st after the support recipient's support term has ended,please provide a response(either yes,no,or not
applicable)that the Rural Digital Opportunity Fund-funded network that the support recipient operated in the
prior year meets the relevant performance requirements in 47 C.F.R.Section 54.309.This filing is required by47
C.F.R.Section 54.313(e)(2)(iii).
OYes O No O Not Applicable
Page 34 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Certifications
Supply Chain Certifications
Section 54.9: Prohibition on the Use of Funds
I certify under penalty of perjury that no universal service support has been or will be used to purchase,obtain,
maintain,improve,or otherwise support any equipment or services produced or provided by any company designated
by the Federal Communications Commission as posing a national security threat to the integrity of communications
networks or the communications supply chain since the effective date of the designations.
If No is selected,a waiver is required for each SAC which is not certified.
• Yes O No
Upload Waiver Document
PDF only
Section 54.10: Prohibition on the Use of Certain Federal Subsidies
I certify that no federal subsidy made available through a program administered by the Commission that provides funds
to be used for the capital expenditures necessary for the provision of advanced communications services has been or
will be used to purchase,rent,lease,or otherwise obtain,any covered communications equipment or service,or
maintain any covered communications equipment or service previously purchased,rented,leased,otherwise obtained,
as required by 47 C.F.R.Section 54.10.
If No is selected,a waiver is required for each SAC which is not certified.
• Yes O No
Upload Waiver Document
PDF only
Page 35 of 36

Privileged and Contains Confidential Information
INLAND TEL-ID FCC Form 481
State: ID OMB Control#: 3060-0986(High Cost)&
Sac: 472423 3060-0819(Low Income),December 2020
498 ID: 143002527 Program Year: 2025
Section 54.11: Requirements to Remove and Replace
Prior to answering,review section 54.11 of the Commission's rules(47 CFR Section 54.11).Answer Yes if either(1)you
comply with section 54.11(a),meaningyou do not use covered communications equipment or services,or(2)section
54.11(d)applies to you,meaning you are not yet subject to section 54.11(a)because you are a Reimbursement Program
recipient with an unexpired removal,replacement,and disposal term per section 1.50004(h)of the Commission's rules
(47 CFR Section 1.50004(h)).Answer No if you do not comply with section 54.11(a),meaning you do use covered
communications equipment or services.
® Yes O No
Accuracy Certifications
Certify
L) I certify that I am an officer of the reporting carrier;my responsibilities include ensuring the accuracy of the annual
reporting requirements for universal service support recipients;and,to the best of my knowledge,the information
reported on this form and in any attachments is accurate.
L) I understand that making willful false statements in any part of this report and/or in these certifications is
punishable by fine or imprisonment pursuant to 47 U.S.C.Sections 416(c),503(b)(1)(B),and 18 U.S.C.Section 1001.
Signature
Officer Name Title
James Brooks Treasurer
L) I understand this is a digital signature,and is the same as if I signed my name with a pen.
Page 36 of 36

Ability to Remain Functional in Emergencies Certification
§54.313(a)(1)
ETCs must demonstrate that it has a reasonable amount of back-up power to ensure functionality without
an external power source, is able to re-route traffic around damaged facilities, and is capable of managing
traffic spikes resulting from emergency situations.
§54.202(a)(2) Demonstrate its ability to remain functional in emergency situations, including a
demonstration that it has a reasonable amount of back-up power to ensure functionality without an external
power source, is able to reroute traffic around damaged facilities, and is capable of managing traffic spikes
resulting from emergency situations.
I, James K. Brooks, being of lawful age, state that I am Treasurer/Controller of
Inland Telephone Company ("Company")(SAC 472423), that I am authorized to execute
this certification on behalf of the Company, and that the facts set forth in this certification
are true to the best of my knowledge, information and belief.
On this basis, the Company certifies that it maintained the ability to function in
emergency situations under the standard found in Idaho Public Utilities Commission
Order No. 29841 and in 47 C.F.R. §54.202(a)(2), as such standards relate to functionality
of wireline carriers in emergency situations. The Company further certifies that it
maintains back-up power to ensure functionality without an external power source in the
forms of auxiliary generators and batteries in its central offices as well as adequate battery
back-up in its subscriber carrier cabinets. For its fiber-to-the-premise deployment in its
Leon exchange, the Company offers for sale battery back-up for the optical network
terminal. The Company's switching capability is more than adequate to manage the traffic
of its subscribers.
For calls within the exchange of Leon, depending upon where a cut is made, there
exists redundant toll routing however, the Lenore exchange has no redundant toll routing.
In both exchanges, customers can continue to make calls within the exchange should the
interexchange interconnected facilities get disconnected. The Company does not have
"ring" technology at this time however; the Company is always looking for redundant
routing alternatives.
I certify under penalty of perjury under the laws of the State of Washington that the
foregoing is true and correct.
Dated this 31st day of May, 2024 in Roslyn, Washington.
By: 7;7-
es K. Brooks
reasurer/Controller
Inland Telephone Company
LINE 610

Voice Services Rate Comparability Certification
§54.313(a)(2)
Any recipient of high-cost support shall provide the following:A certification that the pricing of the company's
voice services is not more than two standard deviations above the applicable national average urban rate
for voice service, which will be specified annually in a public notice issued by the FCC's Wireline
Competition Bureau.
PUBLIC NOTICE DA 23-1172—Voice Rates. Based on the survey results, the 2024 urban average monthly
rate is $34.37. Therefore, the reasonable comparability benchmark for voice services, two standard
deviations above the urban average, is $55.13. Under the Commission's rules, each ETC, including
competitive ETCs providing fixed voice services, must certify in the FCC Form 481 filed no later than July
1, 2024, that the pricing of its basic residential voice services is no more than $55.13.
I, James K. Brooks, being of lawful age, state that I am Treasurer/Controller of
Inland Telephone Company ("Company"), Study Area Code 472423, that I am authorized
to execute this certification on behalf of the Company, and that the facts set forth in this
certification are true to the best of my knowledge, information and belief.
On this basis, the Company certifies, pursuant to 47 C.F.R. § 54.313(a)(10), that
the Company's pricing of its voice services is no more than $55.13.
The Company further submits, as support, the following residential service lines
and rates as of June 1; excluding the Federal Subscriber Line Charge of$6.50 and below
$55.13:
Exchange Rate Type Count Base State State Mand. Total Per
Res. SLC USF Fee EAS Res.
Rate Charge
LENORE (836) Residential 116 25.76 0 .25 0 26.01
LENORE(836) Res-Measured 5 18.00 0 .25 0 18.25
LEON (224) Residential 12 25.76 0 .25 0 26.01
LEON (224) Res-Measured 1 18.00 0 .25 0 18.25
1 certify under penalty of perjury under the laws of the State of Washington that the
foregoing is true and correct.
Dated this 31st day of May, 2024 in Roslyn, Washington.
By:
mes K. Brook
Treasurer/Controller
Inland Telephone Company
LINE 1010

Broadband Services Rate Comparability Certification
§54.313(a)(3)
Any recipient of high-cost support shall provide the following:A certification that the pricing of one of their
broadband services, which meet public interest obligations, is no more than the applicable benchmark
announced annually in a public notice issued by the FCC's Wireline Competition Bureau or is no more than
the non-promotional price charged for a comparable fixed wireline service in urban areas in the states or
U.S. Territories where the eligible telecommunications carrier receives support.
PUBLIC NOTICE DA 23-1172—Broadband Rates. Recipients of high-cost and/or Connect America Fund
support that are subject to broadband performance obligations are required to offer broadband service at
rates that are at or below the relevant reasonable comparability benchmark. Carriers subject to the Alaska
Plan are required to meet Alaska-specific benchmarks and to certify that they are meeting the relevant
reasonable comparability benchmark for their broadband service offering in the FCC Form 481 filed no later
than July 1, 2024.
I, James K. Brooks, being of lawful age, state that I am Treasurer/Controller of
Inland Telephone Company ("Company"), Study Area Code 472423, that I am authorized
to execute this certification on behalf of the Company, and that the facts set forth in this
certification are true to the best of my knowledge, information, and belief.
The Company offers at least one broadband service plan that meets the relevant
metrics in both of its Idaho exchanges; the pricing benchmark for the minimum speed
standard of 10 Mbps downstream/1 Mbps upstream, and unlimited capacity Allowance.
The Company's rate for a 10 Mbps downstream/1 Mbps upstream service is $65.00; the
benchmark is $89.35. In its Lenore exchange, the Company also offers and advertises a
fixed wireless broadband alternative; the maximum offered is 50 Mbps downstream/15
Mbps upstream, and unlimited capacity allowance for $90.00. The closest benchmark is
50 Mbps downstream/5 Mbps upstream for $88.38. In the Company's Leon exchange,
fiber-to-the-premise is available. the Company's rate for a 100 Mbps downstream/20
Mbps upstream, and unlimited usage capacity is $80.00; the benchmark is $92.26. On
this basis, the Company certifies that the pricing of a service that meets the Commission's
broadband public interest obligations is no more than the applicable benchmark
announced in Public Notice DA 23-1172; compliant pursuant to 47 C.F.R. § 54.313(a)(3).
I certify under penalty of perjury under the laws of the State of Washington that the
foregoing is true and correct.
Dated this 31st day of May, 2024 in Roslyn, Washington.
By:
es K. Brooks
Treasurer/Controller
Inland Telephone Company
LINE 1030

Public Interest Obligations - Broadband Certification
§54.313(f)(1)(1)
Rate-of-Return ETCs are required to provide certain certifications and other details related to their
broadband obligations.
I, James K. Brooks, being of lawful age, state that I am Treasurer/Controller of
Inland Telephone Company ("Company"), Study Area Code 472423, that I am authorized
to execute this certification on behalf of the Company, and that the facts set forth in this
certification are true to the best of my knowledge, information, and belief.
The Company currently offers and advertises a maximum speed of 500 Mbps
downstream/50 Mbps upstream to where it is available to customers served by fiber-to-
the-premise and 50 Mbps downstream/5 Mbps upstream where available to customers
served from copper facilities in its Leon exchange. The Company currently offers and
advertises a maximum speed of 25 Mbps downstream/25 Mbps upstream in its Lenore
exchange and has consciously limited its offering based on bandwidth to the Internet from
this exchange location. The Company currently conditions service offerings as they are
not available throughout these exchanges; based on the facilities available.
On this basis, the Company certifies, pursuant to 47 C.F.R. § 54.313(f)(1)(i), that
it has taken reasonable steps to provide upon reasonable request, broadband service at
actual speeds of 10 Mbps downstream/1 Mbps upstream, with latency suitable for real-
time applications, including Voice over Internet Protocol, and usage capacity that is
reasonably comparable to comparable offerings in urban areas, and that requests for
such service are met within a reasonable amount of time.
I certify under penalty of perjury under the laws of the State of Washington that the
foregoing is true and correct.
Dated this 31st day of May, 2024 in Roslyn, Washington.
By:
es K. Brooks
reasurer/Controller
Inland Telephone Company
LINE 3010B

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of
Western Elite Incorporated Services)
Audited Financial Statements
December 31, 2023 and 2022

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
Audited Financial Statements
December 31, 2023 and 2022
INDEPENDENT AUDITOR'S REPORT........................................................................... 1-3
AUDITED FINANCIAL STATEMENTS
BalanceSheets ..................................................................................................................4-5
Statementsof Income............................................................................................................6
Statements of Stockholder's Equity.......................................................................................7
Statements of Cash Flows................................................................................................. 8-9
Notes to Financial Statements....................................................................................... 10-23

JOHNSON
STONE&
PAGAN0,Ps.
CERTIFIED PUDEI(AllOUNTANTS
1501 Regents Blvd.,Suite 100
Firerest,WA 9846"060
Independent Auditor's Report
Board of Directors
Inland Telephone Company
Roslyn, Washington
Opinion
We have audited the accompanying financial statements of Inland Telephone Company (a
wholly-owned subsidiary of Western Elite Incorporated Services) (the "Company"), which
comprise the balance sheets as of December 31, 2023 and 2022, and the related statements of
income, stockholders' equity and cash flows for the years then ended, and the related notes to
the financial statements.
In our opinion,the financial statements referred to above present fairly, in all material respects,
the financial position of Inland Telephone Company as of December 31, 2023 and 2022, and
the results of its operations and its cash flows for the years then ended in accordance with
accounting principles generally accepted in the United States of America("U.S. GAAP").
Change in Accounting Principle
As discussed in Note 1 to the financial statements, the Company has adopted the provisions of
Financial Accounting Standards Board Accounting Standards Update 2016-03, Financial
Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial
Instruments, as of January 1, 2023, using the modified retrospective approach. Our opinion is
not modified with respect to this matter.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United
States of America("U.S. GAAS") and the standards applicable to financial audits contained in
Government Auditing Standards, issued by the Comptroller General of the United States. Our
responsibilities under those standards are further described in the Auditor's Responsibilities for
the Audit of the Financial Statements section of our report. We are required to be independent
of Inland Telephone Company and to meet our other ethical responsibilities in accordance with
the relevant ethical requirements relating to our audits. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements
in accordance with U.S. GAAP,and for the design,implementation and maintenance of internal
control relevant to the preparation and fair presentation of financial statements that are free
from material misstatement, whether due to fraud or error.

Board of Directors Page 2
Inland Telephone Company
In preparing the financial statements, management is required to evaluate whether there are
conditions or events, considered in the aggregate, that raise substantial doubt about Inland
Telephone Company's ability to continue as a going concern within one year after the date that
the financial statements are available to be issued.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion. 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 U.S. GAAS and Government Auditing Standards will always detect a material
misstatement when it exists. The risk of not detecting a material misstatement resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations or the override of internal control. Misstatements,
including omissions,are considered material if there is a substantial likelihood that,individually
or in the aggregate,they would influence the judgment made by a reasonable user based on the
financial statements.
In performing an audit in accordance with U.S. GAAS and Government Auditing Standards,
we:
• Exercise professional judgment and maintain professional skepticism throughout
the audit.
• Identify and assess the risks of material misstatement of the 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 financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the effectiveness of Inland Telephone Company's
internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluate the
overall presentation of the financial statements.
• Conclude whether,in our judgment,there are conditions or events,considered in the
aggregate, that raise substantial doubt about Inland Telephone Company's 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,the planned scope and timing of the audit, significant audit findings and certain internal
control related matters that we identified during the audit.

Board of Directors Page 3
Inland Telephone Company
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated
April 8, 2024 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. The purpose of that report is solely 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 effectiveness of the Company's 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 the Company's internal
control over financial reporting and compliance.
)4.0� 'ItFvj— $. q--. , P. :!�
JOHNSON, STONE & PAGANO, P.S.
April 8, 2024

AUDITED FINANCIAL STATEMENTS

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
BALANCE SHEETS
December 31, 2023 and 2022
2023 2022
ASSETS
CURRENT ASSETS
Cash $ 521,029 $ 559,133
Cash- construction fund 10,562 10,562
Telecommunications accounts receivable,less allowance
for credit losses 406,350 434,430
Materials and supplies 623,155 547,807
Income taxes receivable 40 40
Prepaid expenses 178,917 123,802
Total Current Assets 1,740,053 1,675,774
NONCURRENT ASSETS
Cash surrender value of life insurance 80,651 76,699
Due from affiliated companies 623,495 611,638
Investments 90,781 89,414
Other assets 250 250
Total Noncurrent Assets 795,177 778,001
PROPERTY, PLANT AND EQUIPMENT
Telecommunications plant in service 37,710,834 37,302,801
Less allowances for depreciation 23,634,609 22,192,120
14,076,225 15,110,681
Telecommunications plant under construction 470,893 367,075
Property held for future telecommunications plant use 383,023 383,023
Less allowances for depreciation 306,950 237,839
76,073 145,184
Total Telecommunications Plant 14,623,191 15,622,940
Nonregulated plant in service and miscellaneous
physical property 4,686,372 4,869,703
Less allowances for depreciation 2,130,431 2,151,908
Total Nonregulated Plant and Miscellaneous
Physical Property 2,555,941 2,717,795
TOTAL ASSETS $ 19,714,362 $ 20,794,510
The accompanying notes are an integral part of these financial statements.
-4-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
BALANCE SHEETS (Continued)
December 31, 2023 and 2022
2023 2022
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES
Accounts payable $ 213,285 $ 183,609
Customers' deposits 1,374 1,318
Taxes,other than income taxes 59,453 62,095
Accrued payroll and benefits 326,645 333,137
Other current liabilities 6,925 12,025
Deferred revenue 232,911 232,911
Installments on long-term debt due within one year 1,208,184 1,183,813
Total Current Liabilities 2,048,777 2,008,908
LONGTERM DEBT, less portion classified as a
current liability 6,417,339 7,625,522
DEFERRED INCOME TAXES 2,031,466 2,045,612
Total Liabilities 10,497,582 11,680,042
STOCKHOLDER'S EQUITY
Common stock,par value $10 per share
Authorized- 10,000 shares
Issued and outstanding- 9,315 shares 93,150 93,150
Additional paid-in capital 7,175 7,175
Retained earnings 9,116,455 9,014,143
Total Stockholder's Equity 9,216,780 9,114,468
TOTAL LIABILITIES AND STOCKHOLDER'S
EQUITY $ 19,714,362 $ 20,794,510
The accompanying notes are an integral part of these financial statements.
-5-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
STATEMENTS OF INCOME
Years Ended December 31, 2023 and 2022
2023 2022
OPERATING REVENUES
Local network service revenues $ 431,146 $ 473,254
Network access service revenues 4,659,514 4,821,070
Miscellaneous revenues 50,208 50,701
Uncollectible deduction 25,138 7,558
Total Operating Revenues 5,115,730 5,337,467
OPERATING EXPENSES
Plant specific operations 1,690,395 1,640,961
Plant nonspecific operations 756,706 658,422
Depreciation and amortization 1,592,897 1,580,323
Customer operations 696,221 663,996
Corporate operations 932,129 845,578
Total Operating Expenses 5,668,348 5,389,280
OPERATING TAXES
Taxes,other than income taxes 228,019 269,568
Income taxes 23,111 32,159
Total Operating Taxes 251,130 301,727
Net Operating Loss (803,748) (353,540)
FIXED CHARGES
Interest on funded debt 179,647 205,182
Other interest expense 60 27
Total Fixed Charges 179,707 205,209
OTHER INCOME (EXPENSE)
Interest and dividend income 13,498 16,393
Unrealized loss on investment (1,470) (10,730)
Miscellaneous expense (38,573) (38,676)
Nonregulated income -net 1,145,066 850,281
Nonoperating income tax expense 32,754 (93,965)
Total Other Income 1,085,767 723,303
NET INCOME $ 102,312 $ 164,554
The accompanying notes are an integral part of these financial statements.
-6-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
STATEMENTS OF STOCKHOLDER'S EQUITY
Years Ended December 31, 2023 and 2022
Additional
Common Paid-in Retained
Stock Capital Earnings Total
BALANCE AT DECEMBER 31, 2021 $ 93,150 $ 7,175 $ 8,849,589 $ 8,949,914
Net income for the year 164,554 164,554
BALANCE AT DECEMBER 31, 2022 93,150 7,175 9,014,143 9,114,468
Net income for the year 102,312 102,312
BALANCE AT DECEMBER 31, 2023 $ 93,150 $ 7,175 $ 9,116,455 $ 9,216,780
The accompanying notes are an integral part of these financial statements.
-7-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
STATEMENTS OF CASH FLOWS
Years Ended December 31, 2023 and 2022
2023 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 102,312 $ 164,554
Adjustments to reconcile net income to net cash
provided by operating activities
Increase in cash surrender value of He
insurance policies (3,952) (5,506)
Unrealized loss on investment 1,470 10,730
Depreciation and amortization of
telecommunications plant 1,592,897 1,580,323
Depreciation of nonregulated plant and
miscellaneous physical property 229,772 235,037
Deferred income taxes 55,865 126,124
Gain on disposal of equipment (65,728) (42,265)
Noncash stock dividend income (5,165) (3,023)
Noncash transfer of plant in service to expense 1,857
Net change in operating assets and liabilities 92,615 334,241
Net Cash Provided by Operating Activities 1,814,856 2,402,072
CASH FLOWS FROM INVESTING ACTIVITIES
Payments received on note receivable 152,440
Proceeds from life insurance 137,034
Additions to plant (584,377) (763,551)
Proceeds from sale of equipment 396,800 47,500
Additions to nonregulated plant in service and
miscellaneous physical property (402,031) (494,809)
Advances to affiliated companies (425,944) (1,152,787)
Payments received from affiliated companies 344,076 1,348,105
Proceeds from capital certificates 2,328 5,079
Net Cash Used by Investing Activities (669,148) (720,989)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on long-term debt 1,183,812 (1,159,763)
Net Cash Used by Financing Activities 1,183,812 (1,159,763)
NET INCREASE (DECREASE)IN CASH (38,104) 521,320
Cash at B e ginning of Year 569,695 48,375
CASH AT END OF YEAR $ 531,591 $ 569,695
The accompanying notes are an integral part of these financial statements.
-8-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
STATEMENTS OF CASH FLOWS (Continued)
Years Ended December 31, 2023 and 2022
2023 2022
COMPONENTS OF NET CHANGE IN OPERATING
ASSETS AND LIABILITIES
(Increase) decrease in assets
Telecommunications accounts receivable $ 28,080 $ 173,397
Materials and supplies (75,348) 11,520
Prepaid expenses (55,115) (4,204)
Increase (decrease) in liabilities
Accounts payable 23,946 2,344
Customers' deposits 56 (116)
Taxes,other than income taxes (2,642) 708
Accrued payroll and benefits (6,492) (82,319)
Other current liabilities (5,100)
Deferred revenue 232,911
NET CHANGE IN OPERATING ASSETS AND
LIABILITIES $ 92,615 $ 334,241
SUPPLEMENTAL DISCLOSURES OF CASH
FLOW INFORMATION
Cash paid during the year for interest $ 179,707 $ 205,209
SUPPLEMENTAL DISCLOSURES OF NONCASH
OPERATING, INVESTING AND FINANCING
ACTIVITIES
Extension and replacement of telecommunications plant
included in accounts payable $ 9,998 $ 4,268
Noncash transfer of materials and supplies to
telecommunications plant in service $ $ (2,176
Noncash transfer of nonregulated plant in service from
telecommunications plant in service $ $ 14,590
Noncash transfer of deferred income tax benefit
to affiliated company $ 70,011 $ 73,823
COMPONENTS OF CASH AT END OF YEAR
Cash $ 521,029 $ 559,133
Cash- construction fund 10,562 10,562
$ 531,591 $ 569,695
The accompanying notes are an integral part of these financial statements.
-9-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 1 -NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
Telephone Industry
Inland Telephone Company(the"Company")is a local exchange telecommunications company
providing local exchange, network access, broadband access services and other
telecommunications services to customers in Columbia, Kittitas, Mason, Whitman and Walla
Walla counties in Washington, and Latah and Nez Perce Counties in Idaho.
The Company is a small rate-of-return carrier. The Federal Communications Commission
("FCC") Report and Order and Further Notice of Proposed Rulemaking ("FCC 11-161") and
Report and Order, Order and Order on Reconsideration and Further Notice of Proposed
Rulemaking("FCC 16-33")have reformed the universal service and intercarrier compensation
systems. These reforms have modified the manner in which the Company recovers its
telecommunication revenue requirements.
Organization
The Company is a wholly-owned subsidiary of Western Elite Incorporated Services ("WEIS").
Regulation
The Company is subject to the accounting rules and rate regulation policies of the Washington
Utilities and Transportation Commission("WUTC")and the Idaho Public Utilities Commission
("IPUC") and adheres to the FCC Uniform System of Accounts for a Class B telephone
company as prescribed by the FCC under Part 32.
Cash
For purposes of the statements of cash flows, the Company considers cash to be cash on hand,
in checking accounts, in money market accounts and in construction fund accounts.
Materials and Supplies
Materials and supplies consist of telephone installation equipment that is purchased by the
Company and are reported at the lower of cost(first-in,first-out method)or net realizable value.
Investments
Investments in marketable equity securities are carried at fair value; investments in cooperative
capital certificates are carried at cost as fair value is not readily determinable (see Note 4).
-10-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 1 -NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (Continued)
Fair Value Measurements
The Company measures fair value of its investments in accordance with a hierarchy based on
defined inputs. The hierarchy prioritizes the inputs underlying fair value measurements and
requires that valuation techniques maximize the use of observable inputs and minimize the use
of unobservable inputs. The three levels of inputs essentially distinguish the relative reliability
of inputs to fair value measurements. Level 1 inputs are more reliable and objective than Level
2 inputs, which are in turn more reliable and objective than Level 3 inputs. In arriving at a fair
value measure,the Company is required to determine the level in the fair value hierarchy within
which a fair value measurement ultimately falls and provide disclosure of such determinations.
Property,Plant and Equipment
Property, plant and equipment are stated at cost and are depreciated on a straight-line basis for
accounting purposes. Lives used for calculating depreciation on telecommunications plant are
in accordance with the rules of the WUTC and IPUC and are based on the estimated economic
useful lives of the assets. Likewise,lives used for calculating depreciation on all other property,
plant and equipment are based on the estimated economic useful lives of the assets.
Accounting for Long-lived Assets
The Company periodically reviews its long-lived assets, such as property,plant and equipment
for potential impairment whenever events or changes in circumstances indicate that the carrying
amount of an asset may not be recoverable. Recoverability of assets to be held and used is
measured by a comparison of the carrying amount of an asset to estimated undiscounted future
cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its
estimated future cash flows, an impairment charge is recognized in the amount by which the
carrying amount of the asset exceeds the fair value of the asset. At December 31, 2023 and
2022, management determined that there were no material impairment charges to be recorded
as of those dates.
Telecommunications Plant Retirements
When an asset is retired or otherwise disposed of,the cost of the asset is removed from the asset
account and charged to the related allowance for depreciation. Similarly, the cost of removal
and salvage proceeds are charged or credited to the allowances for depreciation. Consequently,
no gain or loss upon disposition is recognized.
Allowance for Funds Used During Construction
Interest applicable to funds used for long-term construction projects is capitalized as a part of
the cost of the asset and depreciated over the asset's estimated useful life. There was no interest
capitalized in 2023 and 2022.
-11-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 1 -NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (Continued)
Advertising Costs
Costs incurred for advertising are expensed as incurred. Advertising expense was $3,072 and
$3,831 for the years ended December 31, 2023 and 2022, respectively.
Revenue Recognition,Major Customers and Services
The Company's revenue contracts with customers may include a promise or promises to deliver
goods, such as equipment and/or services, including local network, network access services,
long distance network and broadband and internet access services. Promised goods and services
are considered distinct as the customer can benefit from the goods or services either on their
own or together with other resources that are readily available to the customer, and the
Company's promise to transfer a good or service to the customer is separately identifiable from
other promises in the contract. The Company accounts for goods and services as separate
performance obligations. Each service is considered a single performance obligation as it is
providing a series of distinct services that are substantially the same and have the same pattern
of transfer.
The transaction price is determined at contract inception and reflects the amount of
consideration to which the Company is expected to be entitled in exchange for transferring a
good or service to the customer. The amount is generally equal to the market price of the goods
and/or services promised in the contract. The transaction price excludes amounts collected on
behalf of third-parties, such as sales taxes and regulatory fees. Conversely, nonrefundable up-
front fees, such as service activation and set-up fees, are included in the transaction price. In
determining the transaction price,the Company considers its enforceable rights and obligations
within the contract. The Company does not consider the possibility of a contract being
cancelled, renewed or modified.
The transaction price is allocated to each performance obligation based on the standalone
selling price of the good or service, net of the related discount, as applicable.
Revenue is recognized when or as performance obligations are satisfied by transferring control
of the good or service to the customer as described below.
Service revenues, with the exception of usage-based revenues, are generally billed in advance
and recognized in subsequent periods when or as services are transferred to the customer.
The Company offers bundled service packages that consist of high-speed internet and voice
services,including local and long distance calling,voicemail and calling features. Each service
is considered distinct and, therefore, accounted for as a separate performance obligation.
Service revenue is recognized over time, consistent with the transfer of service, as the customer
simultaneously receives and consumes the benefits provided by the Company's performance as
the Company performs.
-12-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 1 -NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (Continued)
Revenue Recognition,Major Customers and Services (Continued)
Usage-based services, such as per-minute long distance service and access charges billed to
other telephone carriers for originating and terminating long distance calls in the Company's
network, are billed in arrears. The Company recognizes revenue from these services when or
as services are transferred to the customer.
Equipment revenue is generated from the sale of voice and data communications equipment.
Subsidies consist of both federal and state subsidies, which are designed to promote widely
available,quality telephone service at affordable prices and access to broadband internet service
in rural areas. These revenues are calculated by the administering government agency based
on information the Company provides.
The Company recognizes federal universal service contributions on a gross basis. The
Company accounts for all other taxes collected from customers and remitted to the respective
government agencies on a net basis.
In the normal course of the Company's business, certain long distance network and network
access service revenues are subject to out-of-period adjustments. Such adjustments are normal
occurrences and are recorded by the Company during the year in which they become
determinable.
Network access service revenues are derived from the provision of exchange access services to
interexchange carriers or to an end-user of telecommunication services.
Revenues for certain interstate access services are currently received through tariffed access
charges filed by the National Exchange Carrier Association("NECA")with the FCC on behalf
of the NECA member companies. These access charges are currently billed by the Company
to interstate interexchange carriers and pooled with like-revenues from all NECA member
companies. The pooled access charge revenues received by the Company are currently based
upon the actual cost of providing interstate access services, plus a return on the investment
dedicated to providing these services. Pooled access charge revenues are estimated at
December 31 each year and are subject to adjustment. Such adjustments are normal
occurrences and are recorded by the Company during the year in which they occur.
-13-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 1 -NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (Continued)
Revenue Recognition,Major Customers and Services (Continued)
The FCC 11-161 modified and replaced the existing universal system and intercarrier
compensation systems with universal service reform and intercarrier compensation reform. A
Connect America Fund ("CAF") has been established to replace all existing high-cost support
mechanisms and set broadband service requirements. Alongside the broadband service rules,
reforms to establish a framework to limit reimbursements for excessive capital and operating
expenses were implemented as of July 1, 2012, and phase-outs of certain support payments
occurred. Intercarrier compensation reform adopts a uniform bill-and-keep framework as the
ultimate end-state for all telecommunications traffic exchanged with the Company. Intercarrier
compensation rates are capped, and the disparity between intrastate and interstate terminating
end office rates is being brought to parity in two steps as outlined in FCC 11-161. The state's
public utilities commissions will be overseeing the modifications to rates in intrastate tariffs.
All intrastate terminating rates mirror NECA interstate rates. Limits on carriers' total eligible
recovery will reflect existing downward trends on intercarrier compensation revenues with
declining switching costs and minutes of use.
As part of FCC 16-33 Universal Service Reform ("USF") order, rate-of-return
telecommunication carriers have been given an option of remaining on a legacy support
mechanism that includes broadband data-only service funding or electing a model-based
support funding mechanism with an emphasis on broadband obligation deployment that was
implemented on February 1, 2017. The Company elected the model-based support mechanism
called Alternative Connect America Model ("A-CAM"). A-CAM funding is a set guaranteed
amount for 10 years in exchange for the Company completing broadband build-out obligations
to its service area. In January 2024, the Company elected enhanced A-CAM, a model-based
support funding mechanism that requires broadband to all locations identified in the Broadband
Data Collection map within their study area to provide at 100/20 speed or above. In exchange,
the Company receives predictable guaranteed federal funding for 15 years effective January 1,
2024. This funding will replace legacy funding,which includes CAF Broadband Loop Support
and High Cost Loop Support.
The Company continues to review the reforms and modifications to the support that the
Company receives and understands that those reforms and modifications could have an adverse
effect on the Company's revenues and cash flow. Revenue impacts are subject to change based
upon future data collections and further clarification from the FCC.
Revenues for intrastate access services are received through tariffed access charges filed by the
Company at the WUTC. Once filed,the tariffed access charges become effective if specifically
approved by the WUTC or allowed to become effective by operation of law. The intrastate
switched access charges are billed by the Company to intrastate interexchange carriers.
Intrastate special access charges are also billed to intrastate interexchange carriers that order
such services and, in some cases, to retail customers that order special access services.
-14-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 1 -NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (Continued)
Revenue Recognition,Major Customers and Services (Continued)
The WUTC implemented a state universal communications service program ("State USF
Program") and also replaced the cumulative reduction in support the Company received from
the federal CAF. The State USF Program began January 2015, and subsequent annual
disbursements from the State USF Program comprised of the terminated universal service
support pool ("Traditional USF") and the disbursement of the cumulative CAF deficit support
are scheduled to occur in January of the following State USF Program years, assuming the
Company continues to be eligible under the program. On July 1, 2020, WUTC changed the
funding requirements to be based on obligation for deployment of broadband at speeds specified
by the FCC to locations in the Company's study area. The State USF Program year runs from
July 1 to June 30. In 2023, the Company received $401,899 from the state USF Program for
the period July 1, 2023 to June 30, 2024, and recorded deferred revenue of$200,050 for the
unearned portion. In 2022, the Company received $401,897 from the State USF Program for
the period July 1,2022 to June 30,2023, and recorded deferred revenue of$200,050. The State
USF Program is scheduled to expire on June 30, 2024.
Revenues for Idaho State intrastate access services are received through tariffed access charges
filed by the Company and approved by the IPUC. The access charges are billed by the
Company to intrastate interexchange carriers and are considered bill-and-keep based on tariffed
rates.
For some of the services that the Company provides to its customers,the Company relies upon
services and facilities supplied to it by other companies. Any material disruption of the services
or facilities supplied to the Company by other companies could potentially have an adverse
effect upon the Company's operating results.
Income Taxes
The Company provides federal and state income taxes for the effects of transactions reported
in the financial statements and consists of taxes currently due and deferred income taxes. The
Company files a consolidated federal and state income tax return with its parent, Western Elite
Incorporated Services and affiliated subsidiaries. The consolidated tax liability of the affiliated
group is allocated based upon each company's contributions to consolidated taxable income.
The Company utilizes the liability method of accounting for deferred income taxes. Under the
liability method, deferred taxes are determined based on the temporary differences between the
financial statement and tax basis of assets and liabilities using tax rates expected to be in effect
during the years in which the basis differences reverse. A valuation allowance is recorded when
it is more likely than not that some of the deferred tax assets will not be realized.
-15-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 1 -NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES (Continued)
Adoption of New Accounting Standard
As of January 1,2023,the Company adopted Accounting Standards Update("ASU")No. 2016-
13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on
Financial Instruments ("ASU 2016-13"), which replaces the incurred loss methodology with
an expected loss methodology that is referred to as the current expected credit loss ("CECL")
methodology. The CECL model is applicable to the measurement of credit losses on financial
assets measured at amortized cost, including trade and loan receivables, and held-to-maturity
debt securities. CECL requires entities to measure all expected credit losses for financial assets
held at the reporting date based on historical experience, current conditions and reasonable and
supportable forecasts. The update also requires that credit losses on available-for-sale debt
securities be presented as an allowance rather than a write-down of the security. This standard
provides financial statement users with more decision-useful information about the expected
losses on financial instruments.
The Company adopted the standard effective January 1, 2023. The impact of the adoption was
not considered material to the financial statements and primarily resulted in new and enhanced
disclosures only. See Note 3 for further disclosure of the Company's accounts receivable.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally
accepted in the United States of America requires management to 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 may differ from those
estimates and assumptions used in preparing the accompanying financial statements.
Subsequent Events
The management of the Company evaluated for subsequent events and transactions for potential
recognition and disclosure through April 8, 2024, the date the financial statements were
available to be issued.
NOTE 2 - CONCENTRATION OF CREDIT RISK
The Company maintains cash balances at one financial institution in eastern Washington,
insured by the Federal Deposit Insurance Corporation ("FDIC") up to $250,000. At
December 31, 2023, $318,940 exceeded the insured amount.
The Company's accounts receivable are subject to potential credit risk as they are unsecured.
-16-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 3 - TELECOMMUNICATIONS ACCOUNTS RECEIVABLE
The telecommunications accounts receivable balance consists of:
2023 2022
Due from customers and agents $ 84,402 $ 78,352
Due from exchange carriers and exchange
carrier associations 317,775 327,465
Other accounts receivable 31,348 31,613
Allowance for credit losses 27 175) 3 000)
$ 406.350 $ 434.430
The Company extends credit to their business and residential customers based upon a written
credit policy. Service interruption is the primary vehicle for controlling losses.
Telecommunications accounts receivable are recorded when subscriber bills,carrier access bills
and exchange carrier associations settlement statements are rendered and are presented in the
balance sheets, net of the allowances for credit losses. Certain exchange carrier associations'
settlements are subject to out-of-period adjustments and are recorded during the year in which
they become determinable. The allowances for credit losses are estimated based on the
Company's historical loss experience,current conditions and forecasted changes,including,but
not limited to, changes related to the economy, the industry and business. As of December 31,
2023, approximately 21% of the accounts receivable were outstanding 90 days or more after
the date of the invoice on which they were first billed.
NOTE 4 -INVESTMENTS
Investments consist of the following:
2023 2022
Common stock of Verizon Communications, Inc.
(at fair value) $ 31,695 $ 33,165
Rural Telephone Finance Cooperative Capital
Certificates (at cost) 59,086 56,249
$ 90.781 $ 89.414
-17-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 4 -INVESTMENTS (Continued)
Following is the hierarchy and fair value measurements at December 31:
Fair Value Measurements
Quoted Prices
in Active Significant
Markets Other Other
For Identical Observable Subjective
Assets Inputs Inputs
Fair Value (Level 1) (Level 2) (Level 3)
December 31, 2023
Verizon Communications, Inc. $ 31.695 $ 31,695 $ $
December 31, 2022
Verizon Communications, Inc. $ 33.165 $ 33,165 $ $
Investments valued using Level 1 inputs are based on unadjusted quoted market prices within
active markets. Investments valued using Level 2 inputs are based primarily on quoted prices
for similar assets in active or inactive markets. Level 3 inputs are based on the Company's own
assumptions on how knowledgeable parties would price assets or liabilities and are developed
using the best information available in the circumstances.
NOTE 5 -PROPERTY, PLANT AND EQUIPMENT
Telecommunications Plant in Service
Telecommunications plant in service is stated at cost. Listed below are the major classes of
telecommunications plant:
2023 2022
General support facilities $ 6,628,396 $ 6,434,406
Central office equipment 8,000,918 8,020,188
Cable and wire facilities 23,073,596 22,840,283
Intangible assets 7,924 7,924
$ 37.710.834 $ 37.302.801
-18-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 5 - PROPERTY, PLANT AND EQUIPMENT (Continued)
Provisions have been made for depreciation of major classes of telecommunications plant at
straight-line rates as follows:
General support facilities
Buildings 2.50% - 4.00%
Furniture and office equipment 15.00% - 25.00%
Vehicles and other work equipment 12.50% - 16.00%
Central office equipment 9.00% - 11.19%
Cable and wire facilities 5.00% - 42.06%
Nonregulated Plant in Service and Miscellaneous Physical Property
Nonregulated plant in service and miscellaneous physical property are stated at cost. Listed
below are the major classes of nonregulated plant and miscellaneous physical property:
2023 2022
Land $ 406,216 $ 518,714
Buildings 920,128 1,341,029
Towers 332,678 332,678
General support assets 99,266 151,230
Nonregulated telecommunications equipment 514,091 501,959
Broadband and internet equipment 2,411,588 2,021,688
Trademark 2,405 2,405
$ 4.686.372 $ 4.869.703
Provisions have been made for depreciation of major classes of nonregulated plant and
miscellaneous physical property at straight-line rates as follows:
Buildings 5.00%
Towers 5.00%
General support assets 15.00% - 16.00%
Nonregulated telecommunications equipment 20.00%
Broadband and internet equipment 20.00%
Trademark 6.72%
-19-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 5 - PROPERTY, PLANT AND EQUIPMENT (Continued)
Depreciation Expense
The provisions for depreciation on telecommunications plant and nonregulated plant in service
and miscellaneous physical property are as follows:
2023 2022
Telecommunication plant $ 1,592,897 $ 1,580,323
Nonregulated plant and miscellaneous
physical property 229,772 235,037
$ 1.822.669 $ 1.815.360
NOTE 6 -LONG-TERM DEBT
Long-term debt consists of the following:
Current
Annual
Installments Principal Amount
of Principal 2023 2022
Federal Financing Bank("FFB") -
supplemental mortgage note
1.702% - due December 2029 $ 34,771 $ 217,660 $ 251,840
2.468% - due December 2029 88,342 563,776 649,951
2.681% - due December 2029 25,790 165,473 190,577
2.894% - due December 2029 45,853 295,796 340,335
2.649% - due December 2029 136,056 872,257 1,004,736
2.422% - due December 2029 35,382 225,539 260,069
2.078% - due December 2029 93,450 590,542 682,058
1.856% - due December 2029 37,996 238,773 276,066
2.157% - due December 2029 120,603 763,650 881,664
2.069% - due December 2029 83,818 529,555 611,647
1.655% - due December 2029 93,463 584,375 676,293
1.744% - due December 2029 107,511 673,716 779,357
1.260% - due December 2029 39,168 242,485 281,159
1.628% - due December 2029 265,981 1,661,926 1,923,583
Total Long-term Debt 71625,523 8,809,335
Less principal installments on long-term
debt due within one year 1,208,184 1,183,813
$ 6.417.339 $ 7.625.522
-20-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 6 -LONG-TERM DEBT (Continued)
At December 31, 2023, maturities on long-term debt for the next five years and thereafter are
as follows:
2024 $ 1,208,184
2025 1,232,066
2026 1,257,249
2027 1,282,476
2028 1,309,426
Thereafter 1,336,122
$ 7.625.523
Substantially all of the Company's telephone plant now owned and hereafter acquired is subject
to first and supplemental mortgage agreements executed by the Federal Financing Bank
("FFB"). The terms of the mortgage agreements restrict distributions to stockholders,
redemptions of capital stock and investments in affiliated companies. Allowable distributions
are based on minimum net worth requirements defined in the agreements.
Pursuant to the FFB Loan Agreement dated October 7, 2011, Section 5.12, TIER Requirement,
the Company will maintain a TIER of at least 1.5. At December 31,2023,management believes
they meet the TIER covenant.
NOTE 7-INCOME TAXES
The Company recognizes deferred income taxes for differences between the basis of assets and
liabilities for financial statement and income tax purposes. The deferred tax assets and
liabilities represent future income tax return consequences of those differences, which will
either be taxable or deductible when the assets and liabilities are recovered or settled. The
differences relate to the following:
• Depreciable assets'lives and methods of calculating depreciation for financial and income
tax reporting.
• Accounting for investment in marketable equity securities at fair value for financial
reporting purposes and cost for income tax purposes.
• Carryforward of a net operating loss for income tax reporting.
-21-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 7 -INCOME TAXES (Continued)
The tax effects of temporary differences that give rise to significant portions of deferred tax
(assets) liabilities consist of the following:
2023 2022
Telecommunications plant $ 1,773,440 $ 1,852,644
Net operating loss carryforward 102,315 70,011
Nonregulated assets 157,023 123,960
Investments 1312) 1003)
$ 2.031.466 $ 2.045.612
The provision for income taxes is allocated between operating and nonoperating income as
follows:
2023 2022
Operating income taxes
Deferred expense $ 23,111 $ 32,159
Nonoperating income taxes
Deferred expense 32,754 93,965
Total Income Taxes Expense $ 55.865 $ 126.124
Components of the provisions for income taxes expense are as follows:
2023 2022
Deferred tax expense $ 55,865 $ 126,124
Total Income Taxes Expense $ 55.865 $ 126.124
NOTE 8 -LEASES
Future lease commitments are not material; total rental and lease expense for the years ended
December 31, 2023 and 2022 is less than 1% of revenues.
-22-

WASHINGTON 534 & 530
INLAND TELEPHONE COMPANY
(A Wholly-Owned Subsidiary of Western Elite Incorporated Services)
NOTES TO FINANCIAL STATEMENTS
December 31, 2023 and 2022
NOTE 9 -EMPLOYEE BENEFIT PLANS
The Company participates in a 401(k)profit sharing plan and a discretionary integrated pension
plan for the benefit of all full-time eligible employees. The 401(k)plan provides for employee
elective deferrals up to a maximum allowed by law. The Company has a matching contribution
rate that is equal to 100%of each eligible employee's elective deferrals up to and including,but
not exceeding, 4% of said eligible employee's eligible compensation (as defined in the 401(k)
plan document). In compliance with the integration formula which coordinates the pension
plan with Social Security, the Company can elect to contribute 4% of eligible employees' first
$128,200 for 2023 and $118,000 for 2022 of regular compensation, and 4% of their regular
compensation in excess of$128,200 in 2023 and$118,000 in 2022 to the plan,but not to exceed
$66,000 and$61,000 per employee in 2023 and 2022,respectively. The Company did not make
a discretionary integrated pension or profit sharing contribution in 2023 or 2022. Company
contributions charged to operations in connection with the 401(k) profit sharing plan and the
integrated pension plan were $76,845 and$81,446 in 2023 and 2022, respectively.
NOTE 10 -RELATED PARTY TRANSACTIONS
The Company's parent, Western Elite Incorporated Services, also owns Inland Long Distance
Company and R&R Cable Company. Inland Telephone Company conducts certain business
transactions with Inland Long Distance Company and R&R Cable Company.
During the years ended December 31, the Company had the following related party
transactions:
Western Elite Incorporated
Services and Subsidiaries
Balance December 31, 2021 $ 733,133
Advances to affiliates 1,173,126
Transfer of deferred income taxes 73,823
Telecommunication services provided 18,996
Telecommunications services received (39,335)
Repayment of advances 1 348 105)
Balance December 31, 2022 611,638
Advances to affiliates 442,053
Transfer of deferred income taxes (70,011)
Telecommunication services provided 17,335
Telecommunications services received (33,444)
Repayment of advances (344,076
Balance December 31, 2023 $ 623,495
-23-

JOHNSON
STONE&
PAGAN0,Ps.
CERTIFIED PUDEI(AllOUNTANTS
1501 Regents Blvd.,Suite 100
Firerest,WA 9846"060
Independent Auditor's Report on Internal Control Over Financial
Reporting and on Compliance and Other Matters Based on
an Audit of Financial Statements Performed in Accordance
with Government Auditing Standards
Board of Directors
Inland Telephone Company
Roslyn, Washington
We have audited, in accordance with the 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 financial
statements of Inland Telephone Company (a wholly-owned subsidiary of Western Elite
Incorporated Services) (the "Company"),which comprise the balance sheet as of December 31,
2023, and the related statements of income, stockholder's equity and cash flows for the year
then ended, and the related notes to the financial statements, and have issued our report thereon
dated April 8, 2024.
Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered Inland
Telephone Company's internal control over financial reporting ("internal control") as a basis
for designing audit procedures that are appropriate in the circumstances for the purpose of
expressing our opinion on the financial statements, but not for the purpose of expressing an
opinion on the effectiveness of Inland Telephone Company's internal control. Accordingly,we
do not express an opinion on the effectiveness of Inland Telephone Company's internal control.
A deficiency in internal control exists 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, in internal control, such that there is a reasonable
possibility that a material misstatement of the Company's financial statements will not be
prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency,
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. Given these limitations, during our audit we
did not identify any deficiencies in internal control that we consider to be material weaknesses.
However, material weaknesses may exist that have not been identified.

Board of Directors Page 2
Inland Telephone Company
Compliance and Other Matters
As part of obtaining reasonable assurance about whether Inland Telephone Company's 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 material effect on the determination of financial statement
amounts. 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 be reported
under Government Auditing Standards.
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 result of that testing, and not to provide an opinion on the effectiveness of
the Company's internal control or on compliance. This report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the Company's
internal control and compliance. Accordingly,this communication is not suitable for any other
purpose.
)4,6t�
�. •- -P.�
JOHNSON, STONE & PAGANO, P.S.
April 8, 2024

JOHNSON
STONE&
PAGAN0,Ps.
CERTIFIED PUDEI(AllOUNTANTS
1501 Regents Blvd.,Suite 100
Firerest,WA 98466-6060
April 8, 2024
Board of Directors and Management
Inland Telephone Company
Roslyn, Washington
Board of Directors and Management:
We have audited the financial statements of Inland Telephone Company (the "Company") as of
and for the year ended December 31,2023, and have issued our report thereon dated April 8,2024.
Professional standards require that we advise you of the following matters relating to our audit.
Our Responsibility in Relation to the Financial Statement Audit
As communicated in our engagement letter dated January 5, 2024, our responsibility, as described
by professional standards,is to form and express an opinion about whether the financial statements
that have been prepared by management with your oversight are presented fairly, in all material
respects, in accordance with accounting principles generally accepted in the United States of
America ("U.S. GAAP"). Our audit of the financial statements does not relieve you or
management of its respective responsibilities.
Our responsibility, as prescribed by professional standards, is to plan and perform our audit to
obtain reasonable, rather than absolute, assurance about whether the financial statements are free
of material misstatement. An audit of financial statements includes consideration of internal
control over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances,but not for the purpose of expressing an opinion on the effectiveness of the entity's
internal control over financial reporting. Accordingly, as part of our audit, we considered the
internal control of Inland Telephone Company solely for the purpose of determining our audit
procedures and not to provide any assurance concerning such internal control.
We are also responsible for communicating significant matters related to the audit that are, in our
professional judgment, relevant to your responsibilities in overseeing the financial reporting
process. However, we are not required to design procedures for the purpose of identifying other
matters to communicate to you.
Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously
communicated to you.

Board of Directors and Management Page 2
Inland Telephone Company
April 8, 2024
Compliance with All Ethics Requirements Regarding Independence
We have complied with all relevant ethical requirements regarding independence. We have
implemented a quality control review of the financial statements conducted by a shareholder not
involved in the engagement and our assessment of management's skills, knowledge, and
experience to mitigate threats to independence.
Significant Risks Identified
Professional standards require us to identify significant risks as part of the overall planning process
of an audit. We consider these significant risks when planning the nature, timing, and extent of
our audit procedures. Our audit planning has resulted in the identification of the following
significant risks in relation to Inland Telephone Company's audit:
1) Fraud in Revenue Recognition
2) Management Override of Control
We noted no instances of fraud in revenue recognition or management override of controls as a
result of our audit procedures.
Qualitative Aspects of the Entity's Significant Accounting Practices
Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary
of the significant accounting policies adopted by Inland Telephone Company is included in Note
1 to the financial statements. As described in Note 1 to the financial statements, Inland Telephone
Company adopted the provisions of Financial Accounting Standards Board Accounting Standards
update 2016-13 Financial Instruments- Credit Losses(Topic 326):Measurement of Credit Losses
on Financial Statements using the modified retrospective approach. The cumulative effect of the
accounting change as of the beginning of the year is not material. No matters have come to our
attention that would require us,under professional standards, to inform you about(1)the methods
used to account for significant unusual transactions and (2) the effect of significant accounting
policies in controversial or emerging areas for which there is a lack of authoritative guidance or
consensus.
Significant Accounting Estimates
Accounting estimates are an integral part of the financial statements prepared by management and
are based on management's current judgments. Those judgments are normally based on knowledge
and experience about past and current events and assumptions about future events. Certain
accounting estimates are particularly sensitive because of their significance to the financial
statements and because of the possibility that future events affecting them may differ markedly
from management's current judgments. The most sensitive accounting estimates affecting the
financial statements are:
Your estimates of the recoverability of long-term assets, estimates of the useful lives of
property, plant and equipment, and interstate revenue requirements, which are based on
prior experience with similar assets, liabilities, and interstate filing requirements. We
evaluated the estimates and determined that they are reasonable in relation to the financial
statements taken as a whole.

Board of Directors and Management Page 3
Inland Telephone Company
April 8, 2024
Your estimate of allowance for credit losses, which is based on historical revenue,
historical loss levels experienced, current conditions, and forecasted changes, including,
but not limited to, changes related to the economy, industry, and business. We evaluated
the key factors and assumptions used to develop the allowance in determining that it is
reasonable in relation to the financial statements taken as a whole.
Your estimate of the future maturities of long-term debt is based on minimum required
payments at current levels of debt. We evaluated these required payments and determined
that they are reasonable in relation to the financial statements taken as a whole.
Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly sensitive
because of their significance to financial statement users. The most sensitive disclosures affecting
the financial statements were regarding property, plant, and equipment (Note 5), long-term debt
(Note 6), income taxes (Note 7) and related party transactions (Note 10).
Significant Unusual Transactions
For purposes of this communication, professional standards require us to communicate to you
significant unusual transactions identified during our audit. We identified no significant unusual
transactions as a result of our audit procedures that have not been recognized in the financial
statements in the proper period.
Identified or Suspected Fraud
We have not identified or obtained information that indicates that fraud may have occurred.
Significant Difficulties Encountered During the Audit
We encountered no significant difficulties in dealing with management relating to the performance
of the audit.
Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards also require us to accumulate all
known and likely misstatements identified during the audit, other than those that we believe are
trivial, and communicate them to the appropriate level of management. Furthermore,professional
standards require us to communicate the effect of uncorrected misstatements related to prior
periods on the relevant classes of transactions, account balances, or disclosures, and the financial
statements as a whole. Management has corrected all identified misstatements. Uncorrected
misstatements or matters underlying those uncorrected misstatements could potentially cause
future-period financial statements to be materially misstated, even though the uncorrected
misstatements are immaterial to the financial statements currently under audit.
In addition, professional standards require us to communicate to you all material, corrected
misstatements that were brought to the attention of management as a result of our audit procedures.
Management has corrected all such misstatements. The adjustments for current period income
taxes and deferred income taxes were material misstatements detected as a result of audit
procedures and were corrected by you.
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a
matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting,
or auditing matter,which could be significant to Inland Telephone Company's financial statements
or the auditor's report. No such disagreements arose during the course of the audit.

Board of Directors and Management Page 4
Inland Telephone Company
April 8, 2024
Representations Requested from Management
We have requested certain written representations from management, which are included in the
attached letter dated April 8, 2024.
Management's Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and
accounting matters. Management informed us that, and to our knowledge, there were no
consultations with other accountants regarding auditing and accounting matters.
Other Significant Matters, Findings, or Issues
In the normal course of our professional association with Inland Telephone Company, we
generally discuss a variety of matters, including the application of accounting principles and
auditing standards, significant events or transactions that occurred during the year, operating
conditions affecting the entity, and operating plans and strategies that may affect the risks of
material misstatement. None of the matters discussed resulted in a condition to our retention as
Inland Telephone Company's auditors.
Changes in Accounting Principle
We included a change in accounting principle paragraph in the auditor's report related to the
Company's adoption of Accounting Standards Codification 2016-13 Financial Instruments -
Credit Losses(Topic 326):Measurement of Credit losses on Financial Instruments. We concluded
the adoption of the standard did not have a material effect on the financial statements. The purpose
of the paragraph is to draw attention to the disclosures in the adoption of the standard. We did not
modify our opinion related to this matter.
This report is intended solely for the information and use of the Board of Directors and
management of Inland Telephone Company, and is not intended to be, and should not be used by
anyone other than these specified parties.
Very truly yours,
)4.0� Lt;Vj_ t. z -- , 4!��
JOHNSON, STONE & PAGANO, P.S.

USDA Rural Development
U.S.DEPARTMENT OF AGRICULTURE
Financial Report
REPORTING PERIOD: October 01, 2023 - December 31, 2023
STATUS: Submitted
ENTITY NAME PRIMARY BORROWER ID
Inland Telephone Company N/A
PHYSICAL ADDRESS CORRESPONDENCE ADDRESS
103 S 2nd St P 0 Box 171
Roslyn, Washington Roslyn, Washington
98941 98941
FISCAL YEAR-END
December 31
SUPPLEMENTAL INFORMATION / NOTES TO USDA CERTIFICATION
N/A We hereby certify that the entries in the
report are true and accurate to the best
of our knowledge.
SUPPLEMENTAL DOCUMENTS
N/A All insurance required by 7 CFR Part 1788
was in effect during the reporting
period, and renewals have been obtained
NOTES FROM USDA for all policies.
N/A All of the obligations under the RUS
award documents have been fulfilled in
all material respects.
SUBMITTED BY
JAMES BROOKS
SUBMISSION DATE
03/28/2024

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Network Access Services Revenue
REPORTING PERIOD: October 1, 2023 - December 31, 2023
LINE ITEM CURRENT YEAR AMOUNT
E_ December 31, 2023
End User Federal Subscriber Line Charges $118,855
End User State Subscriber Line Charges
End User Federal Broadband Only Loop Charges
End User Federal Access Recovery Charges $39,095
Federal USF Model Based High Cost Support (CAM, A-CAM, $1,861,788
REVISED A-CAM, Enhanced A-CAM)
Federal USF Auction Support (RBE, CAF II, RDOF)
Federal USF High Cost Loop Support
Federal USF Connect America Fund - Broadband Loop Support
(Formerly ICLS)
Federal USF Frozen High Cost Support
Federal USF Alaska Plan Support
State Universal Service Support $429,503
Federal USF Connect America Fund - Intercarrier Compensation $624,810
Support
Carrier Interstate Switched Access Charges $11,865
Carrier Intrastate Switched Access Charges $22,379
Interstate Special Access Charges (aka, Business Data $882,818
Services Charges)
Intrastate Special Access Charges $11,867
Other Network Access Services Revenue $656,547
Total Network Access Services Revenue $4,659,527
2

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Non-Operating Net Income
REPORTING PERIOD: October 1, 2023 - December 31, 2023
LINE ITEM CURRENT YEAR AMOUNT
December 31, 2023
Non-Operating Revenue
Non-Operating Revenue $13,498
Total Non-Operating Revenue $13,498
Non-Operating Expense NONE- A
Non-Operating Expense $40,043
Total Non-Operating Expense $40,043
Total
Total Non-Operating Net Income $(26,545)
3

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Income Statement
REPORTING PERIOD: October 1, 2023 - December 31, 2023
LINE ITEM CURRENT YEAR AMOUNT
December 31, 2023
Local Network Services Revenue $431,146
Network Access Services Revenue $4,659,527
Long Distance Network Services Revenue $ (13)
Carrier Billing and Collection Revenue $17,335
Other Operating Revenue $3,660,718
Amortized Grant Revenue
Uncollectible Revenue $25,138
Net Operating Revenues $8,743,575
Plant Specific Operations Expense $1,690,395
Plant Non-Specific Operations Expense (Excluding Depreciation $756,706
and Amortization)
Depreciation Expense $1,592,761
Amortization Expense $136
Customer Operations and Corporate Operations Expenses $1,628,350
Other Operating Expense $2,482,779
Total Operating Expenses $8,151,127
Operating Income or Margins $592,448
Non-Operating Net Income $(26,545)
Interest on Funded Debt (RUS, RTB and FFB Notes) $179,647
Other Interest Expense $60
Interest on Line(s) of Credit
Allowance for Funds Used During Construction
Total Fixed Charges $179,707
Taxes $283,884
Extraordinary Items
Total Net Income or Margins $102,312
Financial Performance Metrics
EBITDA $2,158,800
EBIT $565,903
Principal Payments on Long-Term Debt and Capital Leases $1,183,812
TIER 1.57
DSCR 1.38
Network Access Services Revenue / Net Operating Revenues 0.53%
Cash Flow from Operations / Total Debt Service
4

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Balance Sheet
REPORTING PERIOD: October 1, 2023 - December 31, 2023
LINE ITEM CURRENT YEAR AMOUNT
December 31, 2023
Assets
Current Assets
Cash and Equivalents $521,029
Cash-RUS Construction Fund $10,562
Accounts Receivable - Affiliates $0
Accounts Receivable - Non-Affiliates $406,350
Notes Receivable - Affiliates
Notes Receivable - Non-Affiliates
Interest and Dividends Receivable
Materials and Inventory $623,155
Other Current Assets $178,957
Total Current Assets $1,740,053
Non-Current Assets
Investment in Affiliated Companies - Rural Development $623,495
Investment in Affiliated Companies - Non-Rural Development
Intangible Assets
Other Non-Current Assets $171,682
Total Non-Current Assets $795,177
Plant, Property, Equipment
Plant-in-Service $42,397,206
Plant Under Construction $470,893
Plant Adjustment, Non-Operating Plant and Goodwill $383,023
Less Accumulated Depreciation $26,071,990
Net Plant $17,179,132
Total Assets $19,714,362
Liabilities & Equity
Current Liabilities
Accounts Payable - Affiliates $0
Accounts Payable - Non-Affiliates $213,285
Notes Payable - Affiliates
Notes Payable - Non-Affiliates $1,374
Current Maturities Long-Term Debt - RUS, RTB, and FFB Notes $1,208,184
Current Maturities Long-Term Debt - Funded Debt - Other
Current Maturities Long-Term Debt - Rural Development Loan
Current Maturities Other Long-Term Debt
Current Maturities - Capital Leases
Lines of Credit
Other Current Liabilities $625, 934
Total Current Liabilities $2,048,777
Long-Term Debt
Funded Debt - RUS, RTB, and FFB Notes $6,417,339
Less Unapplied Payments - Cushion of Credit
Funded Debt - Other
Funded Debt - Rural Development Loan
Obligations Under Capital Lease
Other Long-Term Debt
Total Long-Term Debt $6,417,339
5

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Balance Sheet Continued
REPORTING PERIOD: October 1, 2023 - December 31, 2023
LINE ITEM CURRENT YEAR AMOUNT
December 31, 2023
Other Liabilities and Deferred Credits
Other Long-Term Liabilities and Deferred Credits $2,031,466
Deferred Grant Revenue
Total Other Liabilities and Deferred Credits $2,031,466
Total Liabilities $10,497,582
Equity
Capital Stock Outstanding and Subscribed $93,150
Additional Paid-in-Capital $7,175
Membership and Capital Certificates
Patronage Capital Credits
Retained Earnings or Margins $9,116,455
Total Equity $9,216,780
Total Liabilities and Equity $19,714,362
Financial Performance Metrics
Total Equity / Total Assets 470
Current Ratio 0.85
Quick Ratio 0.55
Working Capital in Dollars $ (308,724)
Total Liabilities / Total Equity 1.14
Net Plant / Long-Term Debt 2.25
Tangible Equity $8,833,757
Tangible Equity / Total Assets 0.45
6

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Subscriber Data
REPORTING PERIOD: October 1, 2023 - December 31, 2023
My Entity has an existing network; therefore, it has subscribers (including data) to report at
the end of this reporting period.
LINE ITEM CURRENT YEAR AMOUNT
December 31, 2023
Total number of cumulative subscribers at the beginning of 3,758
this reporting period
Total number of cumulative subscribers at the end of this 3,626
reporting period
Total number of existing data subscribers who were upgraded 84
to broadband service during this reporting period
Total number of new broadband subscribers that were added 262
during this reporting period
Average price for broadband service offered to residential $72.00
customers
Average price for broadband service offered to business $91.00
customers
Average download speed 10 Mbps
Average upload speed 1 Mbps
Average price $50.00
7

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Review Report
REPORTING PERIOD: October 1, 2023 - December 31, 2023
Non-Operating Net Income
LINE ITEM EXPLANATION USDA NOTES
Includes Interest and Dividend
Non-Operating Revenue Income and other nonoperating
income
Non-Operating Expense Other expenses
Income Statement
LINE ITEM EXPLANATION USDA NOTES
Operating Income or Margins Loss of voice grade customers
Non-Operating Net Income Expenses were more than
revenue
Balance Sheet
LINE ITEM EXPLANATION USDA NOTES
Accounts Receivable - Affiliate amounts are located
Affiliates in noncurrent section
Accounts Payable - Affiliates No affiliates accounts payable
Our Network Access Service
Current Ratio revenues decreased and our
Operating expenses increased.
8

USDA Rural Development
US.DEPARTMENT OF AGRICULTURE
System Data Report
REPORTING PERIOD: January 01, 2023 - December 31, 2023
STATUS: Submitted
ENTITY NAME PRIMARY BORROWER ID
Inland Telephone Company N/A
PHYSICAL ADDRESS CORRESPONDENCE ADDRESS
103 S 2nd St P 0 Box 171
Roslyn, Washington Roslyn, Washington
98941 98941
FISCAL YEAR-END
December 31
SUPPLEMENTAL INFORMATION / NOTES TO USDA CERTIFICATION
N/A We hereby certify that the entries in the
report are true and accurate to the best
of our knowledge.
SUPPLEMENTAL DOCUMENTS
N/A
SUBMITTED BY
JAMES BROOKS
NOTES FROM USDA
N/A
SUBMISSION DATE
03/28/2024

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Network Data
REPORTING PERIOD: January 1, 2023 - December 31, 2023
My Entity has an existing wireline and wireless network.
LINE ITEM CURRENT YEAR AMOUNT
December 31, 2023
Wireline Network ft
Route Miles (Existing) Beginning of the Calendar Year 1,135.75
Route Miles (New) Constructed During the Calendar Year 6.51
Route Miles (Retired) During the Calendar Year 4.43
Total Route Miles End of Calendar Year 1,137.83
Route Miles (Modified) Constructed During the Calendar Year 3.46
Route Miles (New) Under Construction at the End of the 1.5
Calendar Year
Route Miles (Modified) Under Construction at the End of the 0
Calendar Year
Wireless Network
Sites (Existing) Beginning of the Calendar Year 7
Sites (New) Added/Constructed During the Calendar Year 0
Sites (Retired) During the Calendar Year 0
Total Sites End of Calendar Year 7
Sites (New) Under Construction at the End of the Calendar 0
Year
Sites (Existing) Upgraded During the Calendar Year 0
2

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Capital Investment Data
REPORTING PERIOD: January 1, 2023 - December 31, 2023
LINE ITEM CURRENT YEAR AMOUNT
EL:-- December 31, 2023
RUS, RTB, and FFB Loans $6,417,339.00
RUS Grants
Other Long-Term Loan Funds
Other Short-Term Loan Funds
General Funds (RUS Interim Approval)
General Funds (Other than Interim Approval)
Other Federal/State Grants
Matching Funds (Equity)
Salvaged Materials
Contribution in Aid to Construction
Total Capital Investment $6,417,339.00
3

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Depreciation Rates
REPORTING PERIOD: January 1, 2023 - December 31, 2023
My Entity's depreciation rates are approved by a regulatory authority with jurisdiction over the
provision of telephone services.
LINE ITEM CURRENT YEAR AMOUNT
December 31, 2023
Network & Access Equipment
Switching Equipment 9%
Routing Equipment 9%
Transport Equipment 11.2%
Access Equipment
Video Equipment
Power Equipment
Satellite Equipment
Other - Network and Access Equipment
Outside Plant
Copper Cable - Aerial 20.4%
Copper Cable - Buried 6%
Copper Cable - Underground
Coaxial Cable - Aerial
Coaxial Cable - Buried
Coaxial Cable - Underground
Fiber Cable - Aerial 5%
Fiber Cable - Buried 5%
Fiber Cable - Underground
Fiber Cable - Submarine
Conduit Systems
Ducts (Vacant)
Drops 6%
Cabinets / Underground Vaults 6%
Poles 7.6%
Make-Ready
Other - Outside Plant
Buildings
New Construction
Pre-Fab Huts
Improvements
Other - Buildings 4%
Towers
Guyed Towers
Lattice Towers
Monopole / Self-Supporting Towers
Wood Poles
Improvements
Other - Towers
Customer Premises Equipment
Video Set Top Boxes
Modems and Routers
Inside Wiring
Multi-Terminal Adapter (VoIP)
Smart Meters
Other - Customer Premises Equipment
Support Assets
4

Inland Telephone Company
Primary Borrower ID:
Submission Date: 03/28/2024
Depreciation Rates Continued
REPORTING PERIOD: January 1, 2023 - December 31, 2023
LINE ITEM CURRENT YEAR AMOUNT
December 31, 2023
Construction Vehicles
Construction Equipment
Motor Vehicles 16%
Special Purpose Vehicles
Office Equipment 25%
Office Furniture 15%
Billing System
Test Equipment
Portable Generators
Tools 16%
Other - Support Assets
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