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HomeMy WebLinkAbout2001Annual Report.pdfANNUAL REPORT OF Silver Star Telephone Co.,Inc. NAME 104101 Hwy 89 PO Box 226 Freedom,WY 83120 ADDRESS TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED December 31, 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:10/20/1950 Form of organization (proprietorship,association,corporation):Corporation lf a Subchapter S Corporation,please specify:N/A Name and address of controlling company,if an)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 VP Operations Ron B.McCue P.O.Box 226,Freedom,WY 83120 Sec/Treasurer Bonnie E.Hoopes P.O.Box 226,Freedom,WY 83120 VP Finance Chad Turner 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 related to meetings only.) Term Expired or Current Term Meetings Attended Fees Paid Name Will Expire This year During Year and Address Melvin R.Hoopes Indefinite 1 $125 Ardell C.Hoopes Indefinite 1 $125 Allen R.Hoopes Indefinite 1 $125 Bonnie E.Hoopes Indefinite 1 $125 Stephen R.Hoopes indefinite 1 $125 Bradford E Hoopes Indefinite 1 $125 Rod R.Jensen lndefinite 1 $125 Name of Chairman of the Board:Melvin R.Hoopes Name of Secretary (or Clerk)of Board:Bonnie E.Hoopes Number of Meetings of the Board during the year:1 MANAGERS List the name of each person who performed management duties for the Company during the year,and the total wages and bonuses paid to those persons:(Do not include Director fees in these amounts.) Name Title Wages and Bonuses Paid Allen R.Hoopes General Manager 112,649 Ron B.McCue VP Operations 106,104 Sharon Urbanik Customer Service Manager 57,557 Chad H.Turner VP Finance 78,065 Robert S.Tanguay Network Manager 19,618 Karen Hicks Engineering Manager 30,094 Drew Izatt Marketing Manager 53,220 Diane Dickinson Human ResourcesManager 47,194 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. Changes in our network have made Exchanges 574 and 483 into concentrators hosted by a DMS-10 located in Freedom,WY. Last Update 8/99 Page 3 BALANCE SHEETAssetsandOtherDebits Balance Balance IncreaseBegmnmgatEnclor Title of Account of Year of Year (Decrease) Current Assets 1120 Cash and Equivalents 135,974 1,012,734 876,760 1130 Cash 1140 Special Cash Deposits 1150 Working Cash Advances 300 400 100 1160 Temporary Investments 213,712 198,576 (15,136) 1180 Telecommunications Accts.Receivable 593,677 494,234 (99,443) 1181 Accts.Rec.Allow.-Telecommunications 1190 Other Accounts Receivable 164,255 721,957 557,702 1191 Accounts Receivable Allow.-Other 1200 Notes Receivable 152,857 30,000 (122,857) 1201 Notes Receivable Allowance 1210 Interest &Dividends Receivable 24,563 (24,563) 1220 Material and Supplies 279,680 266,113 (13,567) 1280 Prepayments 1290 Prepaid Rents 1300 Prepaid Taxes 14,944 223,231 208,287 1310 Prepaid Insurance 1320 Prepaid Directory Expenses 1330 Other Prepayments o 42,285 42,285 1350 Other Current Assets Noncurrent Assets 1401 Investment in Affiliated Companies 858,834 684,019 (174,815) 1402 Investment in Nonaffiliated Companies 1,365,294 1,285,156 (80,138) 1406 Nonregulated Investments 3,260,032 3,100,594 (159,438) 1407 Unamortized Debt Issuance Expense 1408 Sinking Funds 1410 Other Noncurrent Assets 412,187 1,685,428 1,273,241 1438 Deferred Maintenance &Retirements 1439 Deferred Charges 1500 Other Jurisdiction Assets -Net Property,Plant and Equipment 2001 Telecommunications Plants in Service 14,677,690 19,843,116 5,165,426 2002 Prop.Held for Future Telecom.Use 2003 Telecom.Plant under Constr.-Short Term 3,607,775 653,851 (2,953,924) 2004 Telecom.Plant under Constr.-Long Term 2005 Telecom.Plant Adjustment 2006 Nonoperating Plant 2007 GoodwillDepreciation and Amortization Accounts 3100 Accumulated Depreciated 3200 Accum.Depre.-Held for Future Use 9,462,705 10,944,706 1,482,001 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 16,299,069 19,296,988 2,997,919 Last Update 8/99 Page 4 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 661,201 490,879 (170,322) 4020 Notes Payable 4,200,000 (4,200,000) 4030 Advance Billings and Payments 4040 Customer Deposits 6,445 7,930 1,485 4050 Current Maturities -Long -Term Debt 367,000 541,000 174,000 4060 Current Maturities -Capital leases 4070 Income Taxes -Accrued 4080 Other Taxes -Accrued 58,307 52,674 (5,633) 4100 Net Current Defer.Oper.Income Taxes (130,739)(107,976)22,763 4110 Net Current Defer.Nonoper.Income Taxes 4120 Other Accrued Liabilities 444,322 521,650 77,328 4130 Other Current Liabilities Long-Term Debt 4210 Funded Debt 3,858,980 10,581,948 6,722,968 4220 Premium on Long-Term Debt 4230 Discount on 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 492,054 608,118 116,064 4320 Unamort.Oper.Invest.Tax Credits -Net 82,390 173,518 91,128 4330 Unamort.Nonoper.Invest.Tax Credits -Net 4340 Net Noncurrent Defer.Oper.Income Taxes (239,087)(372,964)(133,877) 4350 Net Noncur.Defer.Nonoper.Income Taxes (4,008)5,171 9,179 4360 Other Deferred Credits 45,060 94,810 49,750 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 (22,598)(4,780)17,818 4550 Retained Earnings 6,461,742 6,687,010 225,268 TOTAL LIAB.&OTHER CREDITS 16,299,069 19,296,988 2,997,919 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 89 , 0 8 1 1, 0 5 6 90 , 1 3 7 21 1 1 La n d 15 , 7 7 3 15 , 7 7 3 21 1 2 Mo t o r Ve h i c l e s 57 7 , 4 9 7 14 0 , 5 5 9 (5 2 , 8 6 3 ) 66 5 , 1 9 3 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 57 2 , 2 2 1 11 6 , 7 7 5 (3 0 , 1 3 4 ) 65 8 , 8 6 2 21 2 1 Bu i l d i n g s 1, 5 7 0 , 8 0 2 12 5 , 2 8 6 1, 6 9 6 , 0 8 8 21 2 2 Fu r n i t u r e 68 , 9 6 0 1, 1 0 3 70 , 0 6 3 21 2 3 Of f i c e Eq u i p m e n t 16 2 , 4 6 6 14 , 6 5 1 (2 9 , 4 5 6 ) 14 7 , 6 6 1 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 43 6 , 3 2 2 13 2 , 8 7 5 56 9 , 1 9 7 22 1 1 An a l o g Ele 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 5 0 , 4 8 5 62 5 , 1 7 3 (7 , 8 6 0 ) 2, 0 6 7 , 7 9 8 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 5 , 6 1 7 27 , 0 9 6 74 2 , 7 1 3 22 3 2 Cir c u i t Eq u i p m e n t 2, 5 8 1 , 9 3 2 1, 1 8 3 , 5 4 5 (5 9 , 7 0 1 ) 3, 7 0 5 , 7 7 6 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 E× 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 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, 3 5 8 , 5 5 4 2, 9 5 5 , 9 8 9 (7 , 9 2 1 ) 9, 3 0 6 , 6 2 2 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 29 , 2 5 3 10 6 , 2 7 5 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 14 , 6 7 7 , 6 9 0 5, 3 5 3 , 3 6 1 (1 8 7 , 9 3 5 ) 19 , 8 4 3 , 1 1 6 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 7, 0 1 2 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 12 3 , 6 5 4 12 5 , 2 8 6 24 8 , 9 4 0 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 Di g i t a l Ele c t r o n i c Sw i t c h i n g 27 6 , 9 2 0 11 , 1 5 1 (7 , 8 6 0 ) 28 0 , 2 1 1 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 21 , 4 7 8 87 , 0 6 0 22 3 2 Ci r c u i t Eq u i p m e n t 65 5 , 9 9 4 69 4 , 3 1 9 (1 7 , 2 1 6 ) 1, 3 3 3 , 0 9 7 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 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, 2 2 1 , 7 1 8 2, 6 3 7 , 1 7 1 4, 8 5 8 , 8 8 9 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 2, 9 2 8 2, 9 2 8 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 PL A N T AC C O U N T S 3, 3 5 1 , 6 2 8 3, 4 9 2 , 3 3 3 (2 5 , 0 7 6 ) 6, 8 1 8 , 8 8 5 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 26 , 3 9 3 33 . 3 3 % 11 , 1 1 4 37 , 5 0 7 21 1 2 Mo t o r V e h i c l e s 27 0 , 3 8 9 20 . 0 0 % 67 , 2 6 8 (4 4 , 7 6 3 ) 29 2 , 8 9 4 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 46 9 , 8 6 9 10 . 0 0 % 60 , 6 9 8 (4 , 1 3 4 ) 52 6 , 4 3 3 21 2 1 Bu i l d i n g s 93 2 , 4 4 1 5. 0 0 % 83 , 7 6 6 1, 0 1 6 , 2 0 7 21 2 2 Fu r n i t u r e 68 , 9 6 0 FD 1, 1 0 3 70 , 0 6 3 21 2 3 Of f i c e Eq u i p m e n t 16 2 , 4 6 6 14 . % - 20 % (2 3 , 4 5 6 ) 13 9 , 0 1 0 21 2 4 Ge n e r a l Pu r p o s e Co m p u t e r s 25 5 , 9 1 6 14 . 0 0 % 68 , 2 4 5 32 4 , 1 6 1 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, 0 5 6 , 1 9 2 8. 3 3 % - 12 . 0 % 16 3 , 1 9 2 (7 , 8 6 0 ) 1, 2 1 1 , 5 2 4 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 62 8 , 1 6 6 10 . 0 0 % 13 , 6 2 6 64 1 , 7 9 2 22 3 2 Ci r c u i t Eq u i p m e n t 1, 5 0 1 , 2 1 9 10 % - 12 . 5 % 33 8 , 7 4 4 (3 8 , 2 9 5 ) 1, 8 0 1 , 6 6 8 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 FD 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 4, 0 6 9 , 0 0 3 5% - 20 % 79 6 , 8 1 1 (7 , 9 2 1 ) 4, 8 5 7 , 8 9 3 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 21 , 6 1 1 5. 0 0 % 3, 8 6 3 25 , 4 7 4 TO T A L 9, 4 6 2 , 7 0 5 1, 6 0 8 , 4 3 0 (1 2 6 , 4 2 9 ) 10 , 9 4 4 , 7 0 6 *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 48 , 1 5 8 5. 0 0 % 11 , 4 0 8 59 , 5 6 6 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 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 10 9 , 8 3 5 12 . 0 0 % 33 , 3 2 9 (7 , 8 6 0 ) 13 5 , 3 0 4 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 34 , 9 4 9 10 . 0 0 % 3, 2 1 6 38 , 1 6 5 22 3 2 Ci r c u i t Eq u i p m e n t 28 1 , 9 2 2 12 . 5 0 % 12 8 , 9 2 2 (1 3 , 3 4 6 ) 39 7 , 4 9 8 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 0 FD 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, 3 8 3 , 5 7 0 6. 5 % - 20 % 47 8 , 1 4 1 1, 8 6 1 , 7 1 1 24 2 4 Su b m a r i n e Ca b l e 0 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 o 24 3 1 Ae r i a l Wi r e 0 24 4 1 Co n d u i t Sy s t e m s 12 12 TO T A L 1, 8 5 9 , 1 8 2 65 5 , 0 2 8 (2 1 , 2 0 6 ) 2, 4 9 3 , 0 0 4 *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 atDescriptionDateAcquiredThisyearEndofYear Cash Value -Life Ins.Various 545,507 Rural Telephone Bank Stock 1997 96,945 RTFC capital credits Various 90,983 Linktel Networks 1998 37,664 Syringa Networks 2000 72,422 PCS Investments Various 49,520 Economic Development loans 2000 220,063 Universal Rapid Access 1998 147,052 Bridgeland Wireless 2001 25,000 Columbine Telephone Co.Various 684,019 Silver Star -Afton (CLEC)1999 3,100,594 Totals 5,069,769 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 84,229 Mountainland Communications 12,813 NECA 145,477 Interexchange Carriers 231,053 State USF 27,184 Columbine Telephone Co.594,719 Other 120,716 Valley Wireless,LP 30,000 Totals 30,000 1,216,191 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 II_ate Due Date Face Amount Totals ACCOUNTS PAYABLE Report below all Accounts Payable amounting to more than $100.00 Name of Creditor Amount NECA 47,718 Nortel Networks,Inc.188,032 Harp Engineering 10,010 Midwest Office Furniture 75,980 Citibank Advantage Business 10,942 Planetary Networks,Inc.20,917 Lower Valley Energy 10,254 AT &T 30,421 Various other vendors 96,605 Totals 490,879 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 Li s 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 y 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 / 1 9 6 3 20 0 9 20 , 3 0 1 5, 9 6 8 2. 0 0 % 12 6 RU S No t e 3/ 1 / 1 9 7 4 20 1 5 1, 6 8 9 , 0 0 0 71 5 , 7 9 8 5. 0 0 % 37 , 6 8 9 RU S No t e 12 / 1 / 1 9 9 0 20 2 5 2, 1 8 8 , 0 0 0 1, 1 6 0 , 3 2 5 5. 0 0 % 61 , 0 9 6 RU S No t e De c - 9 5 20 0 9 35 0 , 0 0 0 26 0 , 1 5 5 6. 5 7 % 17 , 9 5 8 RU S No t e De c - 9 5 20 0 9 86 4 , 3 4 5 64 4 , 0 1 3 6. 7 5 % 45 , 6 5 7 RU S No t e De c - 9 5 20 0 9 19 0 , 6 5 5 14 2 , 5 3 0 6. 9 6 % 10 , 4 1 4 RT B No t e De c - 9 0 20 0 9 82 0 , 0 5 0 59 8 , 7 8 1 6. 5 4 % 41 , 1 1 8 RT F C LO C 3, 7 3 2 , 0 0 0 3, 1 2 7 , 0 0 0 5. 2 5 % 36 0 , 8 3 9 RT F C No t e Oc t - 0 1 20 1 6 3, 2 6 3 , 1 5 8 2, 6 3 1 , 5 7 9 5. 9 5 % 34 , 5 3 9 FC C No t e Ju l - 9 7 20 0 7 37 , 5 9 6 29 , 2 1 4 6. 2 5 % 1, 9 6 1 A. I . Cr e d i t Co r p . 1, 3 5 6 , 5 3 3 1, 3 5 6 , 5 3 3 5. 4 2 % 30 , 7 7 7 Fo r d Cr e d i t Oc t - 0 1 20 0 4 11 0 , 7 5 5 10 4 , 6 0 2 0. 0 0 % 0 We s t e r n St a t e s Eq u i p m e n t De c - 0 1 20 0 4 46 , 4 5 0 46 , 4 5 0 0. 0 0 % 0 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 % 0 Le s s cu r r e n t po r t i o n (5 4 1 , 0 0 0 ) To t a l 10 , 5 8 1 , 9 4 8 64 2 , 1 7 4 De f e r r e d Co m p e n s a t i o n 60 8 , 1 1 8 La s t LJ p d a t e 8/9 9 Pa g e 12 CAPITAL STOCK Repon below the particulars called for concerning common and preferred stock at end of year, designating separate series of any general class.Showtotals 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)5,196,954 1,338,417 Total Operating Expenses (from page 17)4,553,139 1,100,873 7100 Other Operating Income and Expense 7210 Operating Investment Tax Credits-Net (3,932)(3,932) 7220 Operating Federal Income Taxes 222,508 (30,399) 7230 Operating State and Local Income Taxes 3,056 3,056 7240 Operating Other Taxes 66,427 25,296 7250 Provision for Deferred Operating Income Taxes-Net 13,589 (22,358) 7200 Operating Taxes (Total)301,648 (28,337) 7310 Dividend income 24,685 6,999 7320 Interest Income 42,014 5,862 7330 Income from Sinking and Other Funds 7340 Allowance for Funds Used During Construction 7350 Gains/Losses from the Disposition of Certain Property (28,890) 7360 Other Nonoperating Income (30,518)4 7370 Special Charges (2,905) 7300 Nonoperating Income and Expense 4,386 12,865 7410 Nonoperating Investment Tax Credits-Net 7420 Nonoperating Federal Income Taxes (1,398)1,994 7430 Nonoperating State and Local Income Taxes 7440 Nonoperating Other Taxes 7450 Provision for Deferred Nonoperating Income Taxes-Net 7400 Nonoperating Taxes (1,398)1,994 7510 Interest on Funded Debt 502,523 231,952 7520 Interest Expense-Capital Leases 7530 Amortization of Debt Issuance Expense 7540 Other Interest Deductions 2,278 24 7500 Interest and Related Items 504,801 231,976 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 O O 7910 Income Effect of Jurisdictional Ratemaking Differences-Net 7990 Nonregulated Net Income 395,119 67,581 AMOUNT TRANSFERRED TO RETAINED EARNINGS 238,269 112,357 Last Update 8/99 Page 14 OPERATING REVENUES Item Total Company Idaho Only Local Network Services Revenues 5001 Basic Area Revenue 973,721 217,662 5002 Optional Extended Area Revenue 5003 Cellular Mobile Revenue 50,743 2,745 5004 Other Mobile Services Revenue 5010 Public Telephone Revenue 27 (198) 5040 Local Private Line Revenue 51,717 33,312 5050 Customer Premises Revenue 5060 Other Local Exchange Revenue 129,741 13,498 5069 Other Local Exchange Settlements 1,200,448 390,660 Network Access Services Revenues 5081 End User Revenue (SLC)166,803 31,816 5082 Switched Access Revenue (Interstate)1,639,534 541,059 5083 Special Access Revenue 144,517 30,710 5084 State Access Revenue (Intrastate)334,713 47,647 Long Distance Network Services Revenues 5100 Long Distance Message Revenue -All 23 Miscellaneous Revenues 5230 Directory Revenue 45,635 3,437 5240 Rent Revenue 287,770 9,600 5250 Corporate Operations Revenue 53,724 5,690 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 120,398 10,981 Uncollectible Revenues 5301 Uncollectible Revenue -Telecommunications (1,820)20 5302 Uncollectible Revenue -Other (740)(222) TOTAL OPERATING REVENUES 5,196,954 1,338,417 Please identify the following revenues: NECA USF $_1,169,242 .To what account were they booked?5069.1 State USF $_164,954 .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 2,391 6113 Aircraft Expense 6114 Special Purpose Vehicles Expense 6115 Garage Work Equipment Expense 6116 Other Work Equipment Expense 6120 General Support Expenses 6121 Land and Building Expenses 52,921 20,803 6122 Furniture and Artworks Expense 17,911 6123 Office Equipment Expense 11,279 2,079 6124 General Purpose Computers Expense 96,761 24,446 6210 Central Office Switching Expenses 6211 Analog Electronic Expense 6212 Digital Electronic Expense 268,187 68,583 6215 Electro-Mechanical Expense 6220 Operators System Expense 6230 Central Office Transmission Expenses 6231 Radio Systems Expense 10,189 3,881 6232 Circuit Equipment Expense 137,959 36,017 6310 Information Origination/Termination Expense 6311 Station Apparatus Expense 233,657 28,606 6341 Large Private Branch Exchange Expense 6351 Public Telephone Terminal Equipment Expense 7,270 1,191 6362 Other Terminal Equipment Expense 6410 Cable and Wire Facilities Expenses 6411 Pole Expense 6421 Aerial Cable Expense 27 6422 Underground Cable Expense 6423 Buried Cable Expense 623,794 142,235 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 1,462,346 327,841 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 PowerExpense 66 6532 Network Administration Expense 42,567 11,109 6533 Testing Expense 16,319 4,031 6534 Plant Operations Administration Expense 109,687 53,282 6535 Engineering Expense 39,728 24,164 6540 Access Expense 16,129 4,725 6560 Depreciation and Amortization Expenses 6561 Depreciation Expense-Telecom.Plant in Service 1,608,429 655,028 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 1,832,925 752,339 Customer Operations Expense 6610 Marketing 6611 Product Management 6612 Sales 39,730 10,893 6613 Product Advertising 22,705 698 6620 Services 6621 Call Completion Services 6622 Number Services 36,143 9,893 6623 Customer Services 227,228 48,991 Total Customer Operations Expense 325,806 70,475 Corporate Operations Expense 6710 Executive and Planning 6711 Executive 151,271 44,559 6712 Planning 42,412 2,873 6720 General and Administrative 6721 Accounting and Finance 212,296 71,206 6722 External Relations 54,773 6,127 6723 Human Resources 47,655 13,346 6724 Information Management 6725 Legal 37,562 793 6726 Procurement 8,168 2,039 6727 Research and Development 6728 Other General and Administrative (Incl.7370.1)377,925 (190,725) 6790 Provision for Uncollectible Notes Receivable Total Corporate Operations Expense 932,062 (49,782) TOTAL OPERATING EXPENSES 4,553,139 1,100,873 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 : No n e Pr e f i x (e s ) : 57 4 , 48 3 Ce n t r a l Of f i c e Sw i t c h Ty p e : 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 Al o n e Di g i t a l 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 : 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 : Cu s t o m e r Lin e s : 61 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 : 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 26 Co m p a n y Te s t Li n 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 Lin 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 44 9 44 9 15 0 15 0 59 9 Ne w Co n n e c t s 43 43 8 8 51 Di s c o n n e c t s 24 24 13 13 37 En d of Ye a r 46 8 46 8 14 5 14 5 61 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 : 60 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 : 22 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 : 16 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 al l 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 ) Li n 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 Ir w i n 48 3 21 5 , 5 5 3 15 , 0 3 2 21 1 , 0 9 1 22 6 , 1 2 3 2 Wa y a n 57 4 28 , 7 3 2 5, 0 5 2 43 , 8 6 1 48 , 9 1 3 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 YEARENDEDDECEMBER31,. 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 2001 Alternate method of notification Rule IDAPA 31.41.01.403.02 Record of Complaints: Number received by Company 5 Category of complaints (if known): Deposit Disputes Charges on Bill 5 Denial/Termination Quality or Availability of Service Carrier Selection/Assignment 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,information and belief. (Chief Officer) (Officer in Charge of Accounts) Subscribed and Sworn to Before Me this y of ,(Year) MICHELLE MOTZKUS-NOTARY PUBLIC Notary Public COUNTYOF STATEOF UNCOI.N WYOMING MY COMMISSION EXPIRES My Commission expires ,(Year) gdklexcel/jnelsonlanulrpts/telannualrpt Last Update 8/99 Page 21