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HomeMy WebLinkAbout2000Annual Report.pdf.RECEIVEDFILED ANNUAL REPOR$° OF Silver Star Telephone Company,Inc. NAME PO Box 226,104101 Hwy 89,Freedom,WY 83120 ADDRESS TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED December 31,2000 ANNUAL REPORT OF SMALL TELEPHONE COMPANIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING DECEMBER 31,2000 COMPANY INFORMATION Exact name of utility:Silver Star Telephone Company,Inc. Address of principal office:P.O.Box 226,104101 Hwy 89,Freedom,WY 83120 Telephone Number (Area Code _307 )883-2411 Cities or towns served:Wyoming -Freedom,Etna,Alpine,Afton,Bedford;Idaho -Irwin,Swan Valley Name and title of officer having custody of the general corporate books of account: Allen R.Hoopes,President Address of office where corporate books are kept and phone number: P.O.Box 226,104101 Higwary 89,Freedom,WY 83120 (307)883-2411 Organized under the laws of the State of:Wyoming Date of organization:10/20/50 Form of organization (proprietorship,association,corporation):Corporation If a Subchapter S Corporation,please specify:N/A Name and address of controlling company,if any N/A Names of affiliated companies.Give address and description of business:Columbine Telephone Company, Inc.Dba Teton Telecom;P.O.Box 226,104101 Hwy 89,Freedom WY 83120 -Telecommunications Services OFFICERS Report below the title,name and office address of each general officer of the utility at the end of the year.If there were any changes during the year,show the name,title,and address of the previous officer and the date of change. Title Name Address President Allen R.Hoopes P.O.Box 226,Freedom,WY 83120 Vice President Ron B.McCue P.O.Box 226,Freedom,WY 83120 Sec/Treasurer Bonnie E.Hoopes P.O.Box 226,Freedom,WY 83120 Last update 8/99 Page 1 DIRECTORS List the name of each person who was a member of the Board of Directors at any given time during the year:(Fees relatedto meetings only.) Term Expired or Current Term Meetings Attended Fees Paid Name Will Expire This year During Year and Address Melvin R.Hoopes Indefinite 6 $600 Ardell C.Hoopes Indefinite 6 $600 Allen R.Hoopes Indefinite 6 $600 Bonnie E.Hoopes Indefinite 6 $600 Stephen R.Hoopes Indefinite 6 $600 Bradford E Hoopes Indefinite 6 $600 Rod R.Jensen Indefinite 6 $600 Dennis L.Sanderson Indefinite 6 $600 Name of Chairman of the Board:Melvin R.Hoopes Name of Secretary (or Clerk)of Board:Bonnie E.Hoopes Number of Meetingsof the Board during the year:6 MANAGERS List the name of each person who performed management duties for the Company during the year,and the total wages and bonuses paid to those persons:(Do not include Directorfees in these amounts.) Name Title Wages and Bonuses Paid Allen R.Hoopes General Manager 108,451 Ron B.McCue Operations 100,681 Sharon Urbanik Customer service 54,506 Chad H.Turner Controller 67,446 NOTE:These wages include all dollars paid to managers performing work for Silver Star Telephone as well as those dollars allocated to Columbine Telephone Company,dba Teton Telecom Last update 8/99 Page 2 NOTES TO THE FINANCIAL STATEMENTS Please provide important information such as changes in accounting or depreciation practices, extensions or additions to the system;disposal of any substantial portion of the property of the utility; reorganization,mergers,or consolidations with other companies;leases executed;other contracts or agreements entered into;changes made in articles of incorporation or amendments;the occurrence of contingency losses or gains. 1)The company has a line of credit with Rural Telephone finance Cooperative in the amount of $6,232,000 Advances in 2000 were $1,700,000.The balance outstanding at December 31,2000 is $4,200,000. Last Update 8/99 Page 3 BALANCE SHEETAssetsandOtherDebits Balance Balance IncreaseBeginningatEndor Title of Account of Year of Year (Decrease) Current Assets 1120 Cash and Equivalents 508,504 135,974 (372,530) 1130 Cash 1140 Special Cash Deposits 1150 Working Cash Advances 300 300 1160 Temporary Investments 237,704 213,712 (23,992) 1180 Telecommunications Accts.Receivable 651,114 593,677 (57,437) 1181 Accts.Rec.Allow.-Telecommunications 1190 Other Accounts Receivable 196,812 164,255 (32,557) 1191 Accounts Receivable Allow.-Other 1200 Notes Receivable 37,376 152,857 115,481 1201 Notes Receivable Allowance 1210 Interest &Dividends Receivable 14,669 24,563 9,894 1220 Material and Supplies 278,444 279,680 1,236 1280 Prepayments 1290 Prepaid Rents 1300 Prepaid Taxes 194,619 14,944 (179,675) 1310 Prepaid Insurance 1320 Prepaid Directory Expenses 1330 Other Prepayments 1350 Other Current Assets Noncurrent Assets 1401 Investment in Affiliated Companies 835,609 858,834 23,225 1402 Investment in Nonaffiliated Companies 1,011,930 1,365,294 353,364 1406 Nonregulated Investments 3,515,151 3,260,032 (255,119) 1407 Unamortized Debt Issuance Expense 1408 Sinking Funds 1410 Other Noncurrent Assets 425,732 412,187 (13,545) 1438 Deferred Maintenance &Retirements 1439 Deferred Charges 1500 Other Jurisdiction Assets -Net Property,Plant and Equipment 2001 Telecommunications Plants in Service 13,894,347 14,677,690 783,343 2002 Prop.Held for FutureTelecom.Use 2003 Telecom.Plant under Constr.-Short Term 374,578 3,607,775 3,233,197 2004 Telecom.Plant under Constr.-Long Term 2005 Telecom.Plant Adjustment 2006 Nonoperating Plant 2007 Goodwill Depreciation and Amortization Accounts 3100 Accumulated Depreciated 3200 Accum.Depre.-Held for Future Use 8,436,626 9,462,705 1,026,079 3300 Accumulated Depreciation -Nonoperating 3400 Accumulated Amortization -Tangible 3410 Accum.Amort.-Capitalized Leases 3420 Accum.Amort.-Leasehold Improvements 3500 Accumulated Amortization -Intangible 3600 Accumulated Amortization -Other TOTAL ASSETS 13,740,263 16,299,069 2,558,806 Last Update 8/99 Page4 BALANCE SHEET Liabilities &Stockholders'Equity Balance Balance Increase Beginning at End or Title of Account of Year of Year (Decrease) Current Liabilities 4010 Accounts Payable 480,300 661,201 180,901 4020 Notes Payable 2,500,000 4,200,000 1,700,000 4030 Advance Billings and Payments 4040 Customer Deposits 7,816 6,445 (1,371) 4050 Current Maturities -Long -Term Debt 348,000 367,000 19,000 4060 Current Maturities -Capital leases 4070 Income Taxes -Accrued 4080 Other Taxes -Accrued 32,235 58,307 26,072 4100 Net Current Defer.Oper.Income Taxes (106,983)(130,739)(23,756) 4110 Net Current Defer.Nonoper.Income Taxes 4120 Other Accrued Liabilities 408,268 444,322 36,054 4130 Other Current Liabilities Long-Term Debt 4210 Funded Debt 3,926,703 3,858,980 (67,723)4220 Premium on Long-Term Debt 4230 Discounton Long-Term Debt 4240 Reacquired Debt 4250 Obligations Under Capital Leases 4260 Advances from Affiliated Companies 4270 Other Long-Term Debt Other Liabilities &Deferred Credits 4310 Other Long-Term Liabilities 477,055 492,054 14,999 4320 Unamort.Oper.Invest.Tax Credits -Net 82,862 82,390 (472)4330 Unamort.Nonoper.Invest.Tax Credits -Net 4340 Net Noncurrent Defer.Oper.Income Taxes (329,481)(239,087)90,394 4350 Net Noncur.Defer.Nonoper.IncomeTaxes 7,620 (4,008)(11,628) 4360 Other Deferred Credits 44,712 45,060 348 4370 Other Juris.Liab.&Def.Credits -Net Stockholders'Equity 4510 Capital Stock 10,000 10,000 4520 Additional Paid-In Capital 8,000 8,000 4530 Treasury Stock 4540 Other Capital 4,786 (22,598)(27,384) 4550 Retained Earnings 5,838,370 6,461,742 623,372 TOTAL LIAB.&OTHER CREDITS 13,740,263 16,299,069 2,558,806 Last Update 8/99 Page 5 AN A L Y S I S OF TE L E C O M M U N I C A T I O N S PL A N T IN SE R V I C E TO T A L Co m p a n y Ba s i s Ba l a n c e Pl a n t Tr a n s f e r s Ba l a n c e Be g i n n i n g Ad d i t i o n s Re t i r e d an d En d of Ye a r Du r i n g ye a r or So l d Ad j u s t m e n t s of Ye a r An a l y s i s of Te l e c o m m u n i c a t i o n s Pl a n t in Se r v i c e 14 1 0 In t e r n e t Eq u i p m e n t 35 , 5 7 5 45 , 7 3 5 7, 7 7 1 89 , 0 8 1 21 1 1 La n d 9, 1 9 8 6, 5 7 5 15 , 7 7 3 21 1 2 Mo t o r Ve h i c l e s 55 4 , 7 3 1 42 , 9 7 9 (2 0 , 2 1 3 ) 57 7 , 4 9 7 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 50 7 , 9 8 4 70 , 0 3 4 (5 , 7 9 7 ) 57 2 , 2 2 1 21 2 1 Bu i l d i n g s 1, 5 6 5 , 9 2 0 4, 8 8 2 1, 5 7 0 , 8 0 2 21 2 2 Fu r n i t u r e 68 , 9 6 0 68 , 9 6 0 21 2 3 Of f i c e Eq u i p m e n t 16 2 , 4 6 6 16 2 , 4 6 6 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 29 5 , 4 6 5 14 8 , 6 2 8 (7 , 7 7 1 ) 43 6 , 3 2 2 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Di g i t a l El e c t r o n i c Sw i t c h i n g 1, 4 0 7 , 5 7 3 24 , 6 6 8 18 , 2 4 4 1, 4 5 0 , 4 8 5 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 71 2 , 7 0 4 2, 9 1 3 71 5 , 6 1 7 22 3 2 Ci r c u i t Eq u i p m e n t 2, 3 3 3 , 4 6 4 35 8 , 3 1 4 (9 1 , 6 0 2 ) (1 8 , 2 4 4 ) 2, 5 8 1 , 9 3 2 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wir i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 7, 1 2 0 (7 , 1 2 0 ) 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 24 1 1 Po l e s 24 2 1 Ae r i a l Ca b l e 24 2 2 Un d e r g r o u n d Ca b l e 24 2 3 Bu r i e d Ca b l e 6, 1 5 5 , 2 0 7 20 3 , 3 4 7 6, 3 5 8 , 5 5 4 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s 77 , 0 2 2 77 , 0 2 2 26 8 1 Ca p i t a l Le a s e s 26 8 2 Le a s e h o l d im p r o v e m e n t s 26 9 0 In t a n g i b l e s 95 8 95 8 TO T A L P L A N T A C C O U N T S 13 , 8 9 4 , 3 4 7 90 8 , 0 7 5 (1 2 4 , 7 3 2 ) 14 , 6 7 7 , 6 9 0 La s t Up d a t e 8/ 9 9 Pa g e 6 AN A L Y S I S OF TE L E C O M M U N I C A T I O N S PL A N T AC C O U N T S ID A H O Op e r a t i o n s On l y Ba l a n c e Pl a n t Tr a n s f e r s Ba l a n c e Be g i n n i n g Ad d i t i o n s Re t i r e d an d En d of Ye a r Du r i n g Ye a r or So l d Ad j u s t m e n t s of Ye a r An a l y s i s of Te l e c o m m u n i c a t i o n s Pl a n t in Se r v i c e 14 1 0 In t e r n e t eq u i p m e n t 43 7 6, 5 7 5 7, 0 1 2 21 1 1 La n d 21 1 2 Mo t o r Ve h i c l e s 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 21 2 1 Bu i l d i n g s 11 8 , 7 7 2 4, 8 8 2 12 3 , 6 5 4 21 2 2 Fu r n i t u r e 21 2 3 Of f i c e Eq u i p m e n t 74 8 74 8 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Dig i t a l El e c t r o n i c Sw i t c h i n g 26 0 , 9 8 4 17 , 0 9 5 (1 , 1 5 9 ) 27 6 , 9 2 0 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 65 , 5 8 2 65 , 5 8 2 22 3 2 Ci r c u i t Eq u i p m e n t 51 3 , 5 6 6 19 7 , 2 2 0 (5 5 , 9 5 1 ) 1, 1 5 9 65 5 , 9 9 4 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 7, 1 2 0 (7 , 1 2 0 ) 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 24 1 1 Po l e s 24 2 1 Ae r i a l Ca b l e 24 2 2 Un d e r g r o u n d Ca b l e 24 2 3 Bu r i e d Ca b l e 2, 1 2 1 , 7 7 7 99 , 9 4 1 2, 2 2 1 , 7 1 8 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s 26 8 1 Ca p i t a l Le a s e s 26 8 2 Le a s e h o l d Im p r o v e m e n t s 26 9 0 In t a n g i b l e s TO T A L P L A N T A C C O U N T S 3, 0 8 8 , 9 8 6 32 5 , 7 1 3 (6 3 , 0 7 1 ) 3, 3 5 1 , 6 2 8 La s t Up d a t e 8/ 9 9 Pa g e 7 AN A L Y S I S OF EN T R I E S IN AC C U M U L A T E D DE P R E C I A T I O N Ac c o u n t 31 0 0 TO T A L Co m p a n y Ba s i s Ba l a n c e Cr e d i t s Re t i r e m e n t s Ba l a n c e Be g i n n i n g De p r e c i a t i o n Du r i n g an d En d of Ye a r Ra t e * Ye a r Ad j u s t m e n t s of Ye a r An a l y s i s of En t r i e s in Ac c u m u l a t e d De p r e c i a t i o n 14 1 0 In t e r n e t 15 , 2 7 9 33 . 3 3 % 11 , 1 1 4 26 , 3 9 3 21 1 2 Mo t o r V e h i c l e s 21 4 , 1 9 6 20 . 0 0 % 68 , 9 0 6 (1 2 , 7 1 3 ) 27 0 , 3 8 9 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 41 9 , 0 2 4 9. 0 0 % 53 , 6 4 2 (2 , 7 9 7 ) 46 9 , 8 6 9 21 2 1 Bu i l d i n g s 85 4 , 0 3 7 5. 0 0 % 78 , 4 0 3 (4 3 , 8 4 0 ) 88 8 , 6 0 0 21 2 2 Fu r n i t u r e 68 , 9 6 0 FD 43 , 8 4 0 11 2 , 8 0 0 21 2 3 Of f i c e Eq u i p m e n t 15 5 , 4 7 1 14 . % - 20 % 6, 9 9 5 16 2 , 4 6 6 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 20 8 , 0 9 5 14 . 0 0 % 47 , 8 2 1 25 5 , 9 1 6 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Di g i t a l El e c t r o n i c Sw i t c h i n g 68 2 , 9 3 9 8. 3 3 % - 12 . 0 % 12 8 , 8 7 7 (2 4 4 , 3 7 7 ) 56 7 , 4 3 9 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 61 6 , 9 9 6 10 . 0 0 % 11 , 1 7 0 62 8 , 1 6 6 22 3 2 Ci r c u i t Eq u i p m e n t 1, 3 2 1 , 0 0 7 10 % - 12 . 5 % 26 8 , 3 7 1 (8 8 , 1 5 9 ) 1, 5 0 1 , 2 1 9 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 7, 1 2 0 FD (7 , 1 2 0 ) 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 24 1 1 Po l e s 24 2 1 Ae r i a l Ca b l e 24 2 2 Un d e r g r o u n d Ca b l e 80 5. 0 0 % 80 24 2 3 Bu r i e d Ca b l e 3, 8 5 5 , 6 6 2 5% - 20 % 45 7 , 7 1 8 24 4 , 3 7 7 4, 5 5 7 , 7 5 7 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s 17 , 7 6 0 5. 0 0 % 3, 8 5 1 21 , 6 1 1 TO T A L 8, 4 3 6 , 6 2 6 1, 1 3 6 , 8 6 8 (1 1 0 , 7 8 9 ) 9, 4 6 2 , 7 0 5 *P l e a s e li s t in d i v i d u a l de p r e c i a t i o n ra t e fo r ea c h ac c o u n t . La s t Up d a t e 8/ 9 9 Pa g e 8 AN A L Y S I S OF EN T R I E S IN AC C U M U L A T E D DE P R E C I A T I O N Ac c o u n t 31 0 0 ID A H O Op e r a t i o n s On l y Ba l a n c e Cr e d i t s Re t i r e m e n t s Ba l a n c e Be g i n n i n g De p r e c i a t i o n Du r i n g an d En d of Ye a r Ra t e * Ye a r Ad j u s t m e n t s of Ye a r An a l y s i s of En t r i e s in Ac c u m u l a t e d De p r e c i a t i o n 14 1 0 In t e r n e t 21 1 2 Mo t o r Ve h i c l e s 21 1 3 Ai r c r a f t 21 1 4 Sp e c i a l Pu r p o s e Ve h i c l e s 21 1 5 Ga r a g e Wo r k Eq u i p m e n t 21 1 6 Ot h e r Wo r k Eq u i p m e n t 21 2 1 Bu i l d i n g s 42 , 1 1 3 5. 0 0 % 6, 0 4 5 48 , 1 5 8 21 2 2 Fu r n i t u r e 21 2 3 Of f i c e Eq u i p m e n t 74 8 FD 0 74 8 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 22 1 1 An a l o g El e c t r o n i c Sw i t c h i n g 22 1 2 Di g i t a l El e c t r o n i c Sw i t c h i n g 77 , 6 6 9 12 . 0 0 % 32 , 1 6 6 10 9 , 8 3 5 22 1 5 El e c t r o - M e c h a n i c a l Sw i t c h i n g 22 2 0 Op e r a t o r Sy s t e m s 22 3 1 Ra d i o Sy s t e m s 31 , 5 0 2 10 . 0 0 % 3, 4 4 7 34 , 9 4 9 22 3 2 Ci r c u i t Eq u i p m e n t 25 6 , 8 0 3 12 . 5 0 % 80 , 9 3 9 (5 5 , 8 2 0 ) 28 1 , 9 2 2 23 1 1 St a t i o n Ap p a r a t u s 23 2 1 Cu s t o m e r Pr e m i s e s Wi r i n g 23 4 1 La r g e Pr i v a t e Br a n c h Ex c h a n g e s 23 5 1 Pu b l i c Te l e p h o n e Te r m i n a l Eq u i p m e n t 7, 1 2 0 FD (7 , 1 2 0 ) 0 23 6 2 Ot h e r Te r m i n a l Eq u i p m e n t 24 1 1 Po l e s 24 2 1 Ae r i a l Ca b l e 24 2 2 Un d e r g r o u n d Ca b l e 24 2 3 Bu r i e d Ca b l e 1, 1 5 4 , 1 7 7 6. 5 % - 20 % 22 9 , 3 9 3 1, 3 8 3 , 5 7 0 24 2 4 Su b m a r i n e Ca b l e 24 2 6 In t r a b u i l d i n g Ne t w o r k Ca b l e 24 3 1 Ae r i a l Wi r e 24 4 1 Co n d u i t Sy s t e m s TO T A L 1, 5 7 0 , 1 3 2 35 1 , 9 9 0 (6 2 , 9 4 0 ) 1, 8 5 9 , 1 8 2 *P l e a s e li s t in d i v i d u a l de p r e c i a t i o n ra t e fo r ea c h ac c o u n t . La s t Up d a t e 8/9 9 Pa g e 9 INVESTMENTS Report below the investments in Accounts 1401,1402 and 1406.Identify each investment as to the account in which included.Minor amounts in Account 1406 may be grouped by classes. BookCostof BookCostof Investments Investments Disposed of Held at Description Date Acquired This year End of Year Cash Value -Life Ins.Various 963,709 Rural Telephone Bank Stock 1997 39,050 RTFC capital credits Various 7,776 Linktel Networks 1998 37,664 Syringa Networks 2000 10,000 PCS Investments Various 49,520 Economic Development loans 2000 257,575 Columbine Telephone Co.Various 684,019 Gold Star Communciations 1999 174,815 Silver Star -Afton (CLEC)1999 3,260,032 Totals 5,484,160 RECEIVABLES Itemize amounts show in Accounts 1180,1190 and 1200.For notes receivable list each note separately and include the maturity date and interest rate.Minor amounts in Account 1210 may be combined. Amount at End of Year Notes Accounts Name of Company Receivable Receivable Customer billed 73,196 Mountainland Communications 39,243 NECA 234,517 Interexchange Carriers 258,777 State USF 27,184 Columbine Telephone Co.53,220 Other 30,000 71,795 Valley Wireless,LP 122,857 Totals 152,857 757,932 Last Update 8/99 Page 10 NOTES PAYABLE For Notes Payable,list each note separately and include the maturity date and interest rate. Interest Name of Creditor Date of Note _Rate Due Date Face Amount RTFC 7/24/98 9.10%7/24/03 1,000,000 RTFC 3/10/99 9.10%9/15/01 1,500,000 RTFC 3/10/99 9.10%7/28/01 1,700,000 Totals 4,200,000 ACCOUNTS PAYABLE Report below all Accounts Payable amounting to more than $100.00 Name of Creditor Amount NECA 282,582 Potelco,Inc.160,201 Harp Engineering 61,477 Advanced Fibre Communications 31,047 Cisco 10,742 Geoeconomics Inc.18,870 Martin &Associates,Inc.15,127 Excise,Sales and payroll taxes 9,713 Various other vendors 71,442 Totals 661,201 Last Update 8/99 Page 11 LO N G - TE R M DE B T Ac c o u n t s 42 1 0 , 42 4 0 , 42 5 0 , 42 6 0 , 42 7 0 an d 43 1 0 Lis t th e re q u i r e d da t a fo r ea c h ob l i g a t i o n in c l u d e d in th e s e ac c o u n t s , gr o u p i n g th e m by ac c o u n t nu m b e r an d sh o w i n g to t a l s fo r ea c h ac c o u n t . If an y ob l i g a t i o n s ma t u r e se r i a l l y or ot h e r w i s e at va r i o u s da t e s , gi v e pa r t i c u l a r s in a no t e . Da t e Da t e Fa c t Pr e m i u m / Di s c o u n t Cl a s s & Se r i e s of of Am o u n t Ou t s t a n d i n g Ye a r In t e r e s t fo r ye a r of Ob l i g a t i o n Is s u e Ma t u r i t v Au t h o r i z e d Ye a r - E n d To t a l Am o r t i z e d Ra t e Am o u n t RU S No t e 6/ 1 / 6 3 20 0 9 23 , 7 7 0 6, 7 7 1 2. 0 0 % 14 4 RU S No t e 3/ 1 / 7 4 20 1 5 1, 6 8 9 , 0 0 0 78 5 , 7 1 8 5. 0 0 % 40 , 7 7 0 RU S No t e 12 / 1 / 9 0 20 2 5 2, 1 8 8 , 0 0 0 1, 2 9 7 , 6 0 9 5. 0 0 % 69 , 4 4 8 RU S No t e De c - 9 5 20 0 9 35 0 , 0 0 0 28 4 , 4 4 1 6. 5 7 % 19 , 4 3 5 RU S No t e De c - 9 5 20 0 9 86 4 , 3 4 5 70 3 , 7 2 5 6. 7 5 % 49 , 3 8 5 RU S No t e De c - 9 5 20 0 9 19 0 , 6 5 5 15 5 , 6 1 2 6. 9 6 % 11 , 2 5 5 RT B No t e De c - 9 0 20 0 9 82 0 , 0 5 0 65 8 , 5 6 1 6. 5 4 % 44 , 9 0 4 PS C No t e Ju l - 9 7 20 0 7 37 , 5 9 6 33 , 5 4 3 6. 2 5 % 2, 2 2 3 Ru r a l Ec o n o m i c De v . No t e 30 0 , 0 0 0 30 0 , 0 0 0 0. 0 0 % Le s s cu r r e n t po r t i o n (3 6 7 , 0 0 0 ) To t a l 3, 8 5 8 , 9 8 0 23 7 , 5 6 4 De f e r r e d Co m p e n s a t i o n 49 2 , 0 5 4 La s t Up d a t e 8/ 9 9 Pa g e 12 CAPITAL STOCK Report below the particulars called for concerning common and preferred stock at end of year, designating separate series of any general class.Show totals separately for common and preferred. For each class of preferred stock,show the dividend rate and whether dividends are cumulative or noncumulative. Show details in a footnote of capital stock sold during the year.Include number of shares, consideration received,premium or discount,and expenses incurred. Number Outstanding per of Shares Par Value Balance Sheet Class &Series of Stock Authorized per Share Shares Amount Common Stock Voting 25,000 1 2,500 2,500 Common Stock Non-Voting 75,000 1 7,500 7,500 TOTAL 100,000 10,000 $10,000 Last Update 8/99 Page 13 INCOME &RETAINED EARNINGS STATEMENT Item Total Company Idaho Only Total Operating Income (from page 15)4,736,746 1,278,456 Total Operating Expenses (from page 17)3,643,022 959,683 7100 Other Operating Income and Expense 7210 Operating Investment Tax Credits-Net (7,765)(7,765) 7220 Operating Federal Income Taxes 313,718 124,363 7230 Operating State and Local Income Taxes 4,501 4,501 7240 Operating Other Taxes 72,725 23,836 7250 Provision for Deferred Operating IncomeTaxes-Net 24,464 (22,845) 7200 Operating Taxes (Total)407,643 122,090 7310 Dividend Income 19,640 4,828 7320 Interest Income 45,776 4,466 7330 Income from Sinking and Other Funds 7340 Allowance for Funds Used During Construction 51,857 49,224 7350 Gains/Losses from the Disposition of Certain Property 7360 Other Nonoperating Income (14,519)2,263 7370 Special Charges (1,733)(82) 7300 Nonoperating Income and Expense 101,021 60,699 7410 Nonoperating Investment Tax Credits-Net 7420 Nonoperating Federal Income Taxes 21,536 3,902 7430 Nonoperating State and Local Income Taxes 7440 Nonoperating Other Taxes 7450 Provision for Deferred Nonoperating IncomeTaxes-Net 2,478 7400 Nonoperating Taxes 24,014 3,902 7510 Interest on Funded Debt 357,674 55,914 7520 Interest Expense-Capital Leases 7530 Amortization of Debt Issuance Expense 7540 Other Interest Deductions 7500 Interestand Related Items 357,674 55,914 7610 Extraordinary Income Credits 7620 Extraordinary Income Charges 7630 Current Income Tax Effect of Extraordinary Items-Net 7640 Provision for Deferred Income Tax Effect of Extraordinary Items-Net 7600 Extraordinary Items 0 0 7910 Income Effect of Jurisdictional Ratemaking Differences-Net 7990 Nonregulated Net Income 217,958 17,318 AMOUNT TRANSFERRED TO RETAINED EARNINGS 623,372 214,884 Last Update 8/99 Page 14 OPERATING REVENUES Item Total Company Idaho Only Local Network Services Revenues 5001 Basic Area Revenue 951,960 214,486 5002 Optional ExtendedArea Revenue 5003 Cellular Mobile Revenue 21,814 1,085 5004 Other Mobile Services Revenue 5010 Public Telephone Revenue 60 (119) 5040 Local Private Line Revenue 43,769 25,368 5050 Customer Premises Revenue 5060 Other Local Exchange Revenue 114,779 11,986 5069 Other Local Exchange Settlements 1,013,553 315,300NetworkAccessServicesRevenues 5081 End User Revenue (SLC)150,764 29,324 5082 Switched Access Revenue (Interstate)1,588,947 583,787 5083 Special Access Revenue 80,655 26,693 5084 State Access Revenue (Intrastate)297,889 50,421 Long Distance Network Services Revenues 5100 Long Distance Message Revenue -All 60 56MiscellaneousRevenues 5230 Directory Revenue 46,716 3,613 5240 Rent Revenue 270,567 5250 Corporate Operations Revenue 42,425 4,403 5261 Special Billing Arrangements Revenue 5262 Customer Operations Revenue 5263 Plant Operations Revenue 5264 Other Incidental Regulated Revenue 5269 Other Revenue Settlements 5270 Carrier Billing &Collection Revenue 124,751 12,758UncollectibleRevenues 5301 Uncollectible Revenue -Telecommunications (8,961)(378) 5302 Uncollectible Revenue -Other (3,002)(327) TOTAL OPERATING REVENUES 4,736,746 1,278,456 Please identify the following revenues: NECA USF $_889,705 .To what account were they booked?5069.1 State USF $163,101 .To what account were they booked?5069.2 Last Update 8/99 Page 15 OPERATING REVENUES Item Total Company Idaho Only Plant Specific Operations Expense 6110 Network Support Expenses 6112 Motor Vehicle Expense 3,712 6113 Aircraft Expense 6114 Special PurposeVehicles Expense 6115 Garage Work Equipment Expense 6116 Other Work Equipment Expense 6120 General Support Expenses 6121 Land and Building Expenses 67,834 23,632 6122 Furniture and Artworks Expense 22,238 6123 Office Equipment Expense 12,570 3,098 6124 General Purpose Computers Expense 53,769 14,943 6210 Central Office Switching Expenses 6211 Analog Electronic Expense 6212 Digital Electronic Expense 246,069 77,580 6215 Electro-Mechanical Expense 6220 Operators System Expense 6230 Central Office Transmission Expenses 6231 Radio Systems Expense 7,395 4,471 6232 Circuit Equipment Expense 40,130 18,276 6310 Information Origination/Termination Expense 6311 Station Apparatus Expense 192,437 16,968 6341 Large Private Branch Exchange Expense 6351 Public Telephone Terminal Equipment Expense 9,066 2,508 6362 Other Terminal Equipment Expense 6410 Cable and Wire Facilities Expenses 6411 Pole Expense 6421 Aerial Cable Expense 6422 Underground Cable Expense 6423 Buried Cable Expense 577,094 140,988 6424 Submarine Cable Expense 6425 Deep Sea Cable Expense 6426 Intrabuilding Network Cable Expense 6431 Aerial Wire Expense 6441 Conduit Systems Expense TOTAL PLANT SPECIFIC OPERATIONS EXPENSE 1,232,314 302,464 Last Update 8/99 Page 16 OPERATING REVENUES Item Total Company Idaho Only Plant Nonspecific Operations Expense 6510 Other Property/Plant/Equipment Expenses 6511 Property Held for Future Telecomm.Use Expenses 6512 Provisioning Expense 6530 Network Operations Expense 6531 Power Expense 71 6532 Network Administration Expense 41,944 12,9246533TestingExpense14,345 3,330 6534 Plant Operations Administration Expense 116,890 48,4866535EngineeringExpense38,266 20,0416540AccessExpense46226560DepreciationandAmortizationExpenses 6561 Depreciation Expense-Telecom.Plant in Service 1,136,866 351,990 6562 Depreciation Expense-Property Held for Future Use 6563 Amortization Expense -Tangible 6564 Amortization Expense -Intangible 6565 Amortization Expense -Other Total Plant Nonspecific Operations Expenses 1,348,844 436,773CustomerOperationsExpense 6610 Marketing 6611 Product Management 231 666612Sales34,264 10,190 6613 ProductAdvertising 18,852 1,2796620Services 6621 Call Completion Services 7 7 6622 Number Services 38,120 10,8286623CustomerServices202,362 42,192TotalCustomerOperationsExpense293,836 64,562 Corporate Operations Expense 6710 Executiveand Planning 6711 Executive 136,624 48,057 6712 Planning 44,212 6,571 6720 General and Administrative 6721 Accounting and Finance 215,783 57,8166722ExternalRelations50,768 7,5416723HumanResources38,173 10,9756724InformationManagement 6725 Legal 44,652 826726Procurement5,954 1,718 6727 Research and Development 6728 Other General and Administrative (Incl.7370.1)231,862 23,1246790ProvisionforUncollectibleNotesReceivable Total Corporate Operations Expense 768,028 155,884 TOTAL OPERATING EXPENSES 3,643,022 959,683 Last Update 8/99 Page 17 CE N T R A L OF F I C E DA T A as of De c e m b e r 31 , (u n l e s s ot h e r w i s e in d i c a t e d ) Na m e of Ce n t r a l Of f i c e : II w _ L r l Pr e f i x (e s ) : 20 8 - 4 8 3 Ce n t r a l Of f i c e Sw i t c h Ty p e : RS C of f DM S 10 Ch e c k all th a t ap p l y : Ch e c k on e : Ch e c k on e : St a n d A l o n e _ X Di g i t a l _ X _ El e c t r o n i c Ho s t An a l o g _ _ El e c t r o - M e c h a n i c a l Re m o t e Ot h e r : di a i t a l Ac c e s s Li n e Ca p a c i t y Ac c e s s Li n e s in Us e De s i g n : O Cu s t o m e r Li n e s : _¾ (I n c l u d e Ce n t r e x , PA L , Se m i - P u b . ) In s t a l l e d / E q u i p p e d : M Pu b l i c Te l e p h o n e Lin e s Co m p a n y Of f i c i a l Li n e s _ 1 0 Co m p a n y Te s t Lin e s Cl a s s i f i c a t i o n of Cu s t o m e r Ac c e s s Re s i d e n c e Bu s i n e s s Mu l t i - Sin g l e Li n e Mu l t i - Si n g l e Li n e To t a l Li n e Mu l t i - Su b t o t a l Ce n t r e x Li n e Mu l t i - Su b t o t a l Re s i d e n c e 1- P a r t y 1- P a r t y Pa r t y Re s i d e n c e N. A . R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & Bu s i n e s s Be g i n n i n g of Ye a r 36 2 36 2 11 1 11 1 47 3 Ne w Co n n e c t s 44 44 22 22 66 Di s c o n n e c t s 19 19 24 24 43 En d of Ye a r 38 7 38 7 10 9 10 9 49 6 Fo r e i g n Ex c h a n g e : Di r e c t o r y Li s t i n g s : Dia l To n e fr o m th i s C. O . : Nu m b e r of Cu s t o m e r s wi t h No n p u b l i s h e d or No n l i s t e d : _ _ 1 1 . 0 Di a l To n e fr o m an o t h e r C. O . : Cu s t o m Ca l l i n g : Nu m b e r of cu s t o m e r s wi t h at le a s t on e fe a t u r e : _ 1 6 5 To t a l nu m b e r of fe a t u r e s su b s c r i b e d to : _ 1 2 La s t Up d a t e 8/ 9 9 Pa g e 18 CE N T R A L OF F I C E DA T A as of De c e m b e r 31 , & (u n l e s s ot h e r w i s e in d i c a t e d ) Na m e of Ce n t r a l Of f i c e : Wa v a n Pr e f i x (e s ) : 20 8 - 5 7 4 Ce n t r a l Off i c e Sw i t c h Ty p e : RS L M of f DM S 10 Ch e c k al l th a t ap p l y : Ch e c k on e : Ch e c k on e : St a n d A l o n e _ X Dig i t a l _ X El e c t r o n i c Ho s t An a l o g El e c t r o - M e c h a n i c a l Re m o t e Ot h e r : di a i t a l Ac c e s s Li n e Ca p a c i t v Ac c e s s Li n e s in Us e De s i g n : 19 2 Cu s t o m e r Li n e s : 10 3 (I n c l u d e Ce n t r e x , PA L , Se m i - P u b . ) In s t a l l e d / E q u i p p e d : 19 2 Pu b l i c Te l e p h o n e Li n e s _ 3 Co m p a n y Of f i c i a l Li n e s _ j i l Co m p a n y Te s t Lin e s Cl a s s i f i c a t i o n of Cu s t o m e r Ac c e s s Re s i d e n c e Bu s i n e s s Mu l t i - Sin g l e Li n e Mu l t i - Sin g l e Li n e To t a l Li n e Mu l t i - Su b t o t a l Ce n t r e x Li n e Mu l t i - Su b t o t a l Re s i d e n c e 1- P a r t y 1- P a r t y Pa r t y Re s i d e n c e N. A . R . 1- P a r t y 1- P a r t y Pa r t y Bu s i n e s s & Bu s i n e s s Be g i n n i n g of Ye a r 64 64 48 48 11 2 Ne w Co n n e c t s 1 1 3 3 4 Dis c o n n e c t s 3 3 10 10 13 En d o f Y e a r 62 62 41 41 10 3 Fo r e i g n Ex c h a n g e : Di r e c t o r y Li s t i n g s : Di a l To n e fr o m th i s C. O . : Nu m b e r of Cu s t o m e r s wi t h No n p u b l i s h e d or No n l i s t e d : 3f L Di a l To n e fr o m an o t h e r C. O . : Cu s t o m Ca l l i n g : Nu m b e r of cu s t o m e r s wi t h at le a s t on e fe a t u r e : To t a l nu m b e r of fe a t u r e s su b s c r i b e d to : _ ½ La s t Up d a t e 8/ 9 9 Pa g e 18 NU M B E R OF CA L L S CO M P L E T E D BY CU S T O M E R S DU R I N G (Y e a r ) _ 2 0 0 0 . Av e r a g e # Lo c a l Ca l l s To l l Ca l l s Or i g i n a t e d (T o t a l of all Ca r r i e r s ) of Cu s t o m e r Nu m b e r Av g . / Av g . / Lo c a l Ex c h a n g e Li n e s in Us e (1 0 0 0 s ) Lin e In t r a s t a t e In t e r s t a t e To t a l Li n e 1_ I r w i n 40 3 24 8 , 7 3 4 20 , 9 5 9 19 3 , 4 4 8 21 4 , 4 0 7 2_ W a y a n 57 4 32 , 8 9 3 4, 5 0 3 45 , 3 2 4 49 , 8 2 7 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 La s t Up d a t e 8/ 9 9 Pa g e 19 ANNUAL REPORT FOR SMALL TELEPHONE COMPANIES YEAR ENDED DECEMBER 31, CUSTOMER RELATIONS RULES COMPLIANCE Rule IDAPA 31.21.01.603 Rule IDAPA 31.41.01.105 Please provide copies of: Summary of Customer Relations Rules for Telephone Corporations Idaho Telephone Solicitation Act Notification Method of Notification: Mailed separately to customers Yes No X Included in directory Yes_X_No Date of notification July 2000 Alternate method of notification Rule IDAPA 31.41.01.403.02 Record of Complaints: Number received by Company 2 Category of complaints (if known): Deposit Disputes Charges on Bill i Denial/Termination Quality or Availability of Service Carrier Selection/Assignment 1 Miscellaneous Last Update 8/99 Page 20 CERTIFICATE State of Idaho ) )ss County of ) WE,the undersigned Allen R.Hoopes and Chad Turner of the Silver Star Telephone Company.Inc.utility, on our oath do severally say that the foregoing return has been prepared under our direction,from the original books,papers,and records of said utility;that we have carefully examined same,and declare the same to be a correct statement of the business affairs of said utility for the period covered by the return in respect to each and every matter and thing therein set forth,to the best of our knowledge,informationand belief. (Chief Officer) (Officer in Charge of Accounts) Subscribed and Sworn to Before Me this Ñ$ÌÊ day of n ,(Year)200 i . DEANA JOH TARY PUBLIC COUNTY D'STATE OFNotaPublicUNCOUWYOMING MY COMMISSION EXHTIES  My Commission expires 'Í ,(Year)ÀOO &. gdklexcelljnelson/anulrpts/telannuairpt Last Update 8/99 Page 21