2001Annual Report.pdf

RECElVED @
FILED O
ANNUAL'QRT
OF
NAME
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 000
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHOPUBLIC UTILITIESCOMMISSION
FOR THE YEAR ENDING ppóO
COMPANYINFORMATION
1 Give full name of utility us
2 Date of Organization Ÿ 7
3 Organizedunderthe laws of the state of oc a /f 7$
4 Address of Principal Office (number&street)//C y ½'f
5 P.O.Box (if applicable)
6 City vt B
7 State
8 Zip Code 3 Ÿá /
9 Organization (proprietor,partnership,corp.)Co-
10 Towns,Counties served e.,em ,oc ¢«
11 Are there any affiliated companies?
If yes,attach a list with names,addresses &descriptions Explain any services
provided to the utility.
12 Contact Information Name Phone No.
President (Owner)/À gjek .26'a VV7
Vice President C,s.6'O Ñ f
Secretary $4,«~-QVT-7ŸóV
General Manager oÁ fff 9 */ŸÍ
Complaintsor Billing
Engineering
EmergencyService
Accounting
13 Were any water systems acquired during the year or any additions/deletionsmade
to the service area during the year?p
If yes,attach a list with names,addresses &descriptions.Explain any servicesprovidedtotheutility.
14 Where are the Company'sbooks and records kept?
Street Address A me r.I e -e
City
State
Zip
Rev7/99 Page 1
NANIE:
COMPANYINFORMATION(Cont.)
For the Year Ended
15 Is the system operated or maintainedundera
service contract?
16 If yes:With whom is the contract?
When does the contract expire?
What services and rates are included?
17 Is water purchasedfor resale through the system?
18 If yes:Name of Organization
Name of owner or operator
Mailing Address
City
State
Zip
Gallons/CCF $Amount
Water Purchased
19 Has any system(s)been disapproved by the
Idaho Divisionof EnvironmentalQuality?
If yes,attach full explanation
20 Has the Idaho Division of EnvironmentalQuality
recommendedany improvements?
If yes,attach full explanation
21 Number of Complaintsreceived during year concerning:
Quality of Service
High Bills
Disconnection
22 Number of Customers involuntarilydisconnected
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?PÛ
Attach a copy of the Summary
24 Did significant additions or retirementsfrom the
Plant Accounts occur during the year?
If yes,attach full explanation
and an updated system map
Rev7/99 Page 2
NAM,E:
REVENUE &EXPENSE DETAIL
For the Year Ended
ACCT #DESCRIPTION
400 REVENUES
1 460 UnmeteredWater Revenue
2 461.1 Metered Sales -Residential Ö Ÿ I 3
3 461.2 Metered Sales -Commercial,Industrial
4 462 Fire Protection Revenue
5 464 OtherWater Sales Revenue
6 465 IrrigationSales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines 1 -7)
(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separately to customers Û Booked to Acct #
10 **Hookup or ConnectionFees Collected $Booked to Acct #
11 ***CommissionApproved Surcharges Collected Booked to Acct #
401 OPERATINGEXPENSES
12 601.1-6 Labor-Operation &Maintenance
13 601.7 Labor -Customer Accounts dO
14 601.8 Labor -Administrative &General
15 603 Salaries,Officers &Directors
16 604 Employee Pensions &Benefits
17 610 PurchasedWater
18 615-16 Purchased Power &Fuel for Power
19 618 Chemicals
20 620.1-6 Materials &Supplies -Operation&Maint.
21 620.7-8 Materials &Supplies -Administrative&General
22 631-34 Contract Services -Professional
23 635 ContractSenrices -Water Testing
24 636 Contract Services -Other
25 641-42 Rentals -Property &Equipment
26 650 Transportation Expense
27 656-59 Insurance
28 660 Advertising /
29 666 Rate Case Expense (Amortization)
30 667 RegulatoryComm.Exp.(Other except taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous /O
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)3
Rev7/99 Page 3
Name:
INCOMESTATEMENT
For Year Ended
ACCT #DESCRIPTION
1 Revenue(From Page 3,line 8)
2 Operating Expenses (From Page 3,line 33)
3 403 DepreciationExpense
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other
6 408.10 RegulatoryFees (PUC)
7 408.11 Property Taxes p Ý Ÿ
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list)DEQ Fees Ñ O
9B
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes .2 Ü
12 410.10 Provisionfor Deferred Income Tax -Federal
13 410.11 Provision for Deferred Income Tax -State
14 411 Provisionfor Deferred Utility Income Tax Credits
15 412 InvestmentTax Credits -Utility
16 Total Expenses from operationsbefore interest (add lines 2-15)
17 413 Income From Utility Plant Leased to Others
18 414 Gains (Losses)From Disposition of Utility Plant
19 Net Operating Income (Add lines 1,17 &18 less line 16)
20 415 Revenues,MerchandizingJobbing and ContractWork
21 416 Expenses,Merchandizing,Jobbing &Contracts
22 419 Interest &Dividend Income
23 420 Allowance for Funds used DuringConstruction
24 421 MiscellaneousNon-UtilityIncome
25 426 MiscellaneousNon-Utility Expense
26 408.20 Other Taxes,Non-Utility Operations
27 409-20 IncomeTaxes,Non-UtilityOperations
28 Net Non-Utility Income (Add lines 20,22,23 &24 less lines 21,25,26,&27)
29 Gross income (add lines 19 &28)
30 427.3 Interest Exp.on Long-Term Debt
31 427.5 Other Interest Charges
32 NET INCOME(Line 29 less lines 30 &31)(Also Enter on Pg 9,Line 2)
Rev7/99 Page 4
Name:
ACCOUNT101 PLANT IN SERVICE DETAIL
For Year Ended
Balance Added Removed BalanceSUBBeginningDuringDuringEndofACCT#DESCRIPTION of Year Year Year Year
i 301 Organization
2 302 Franchises and Consents
3 303 Land &Land Rights
4 304 Structures and Improvements
5 305 Collecting&Impounding Reservoirs
6 306 Lake,River &Other Intakes
7 307 Wells
8 308 InfiltrationGalleries &Tunnels
9 309 Supply Mains
10 310 Power GenerationEquipment
11 311 Power Pumping Equipment
12 320 PurificationSystems
13 330 Distribution Reservoirs &Standpipes
14 331 Trans.&Distrib.Mains &Accessories
15 333 Services
16 334 Meters and Meter Installations
17 335 Hydrants
18 336 Backflow Prevention Devices
19 339 Other Plant &Misc.Equipment
20 340 Office Furnitureand Equipment
21 341 Transportation Equipment
22 342 Stores Equipment
23 343 Tools,Shop and Garage Equipment
24 344 LaboratoryEquipment
25 345 Power Operated Equipment
26 346 CommunicationsEquipment
27 347 MiscellaneousEquipment
28 348 Other Tangible Property
29 TOTAL PLANT IN SERVICE
(Add lines 1 -28)Enter beginning&end of year totals on Pg 7,Line 1
Rev7/99 Page 5
Name:
ACCUMULATED DEPRECIATIONACCOUNT 108.1 DETAIL
For Year Ended
Depreciation Balance Balance increaseSUBRateBeginningEndoforACCT#DESCRIPTION %of Year Year (Decrease)
1 304 Structures and Improvements §€&C é so pg ca
2 305 Collecting &ImpoundingReservoirs
3 306 Lake,River &Other Intakes
4 307 Wells
5 308 Infiltration Galleries &Tunnels
6 309 Supply Mains
7 310 Power Generation Equipment
8 311 Power Pumping Equipment
9 320 PurificationSystems
10 330 DistributionReservoirs &Standpipes
11 331 Trans.&Distrib.Mains &Accessories
12 333 Services
13 334 Meters and Meter Installations
14 335 Hydrants
15 336 Backflow PreventionDevices
16 339 Other Plant &Misc.Equipment
17 340 Office Furniture and Equipment
18 341 TransportationEquipment
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment
21 344 Laboratory Equipment
22 345 PowerOperated Equipment
23 346 CommunicationsEquipment
24 347 MiscellaneousEquipment
25 348 Other Tangible Property
26 TOTALS (Add Lines 1 -25)
Enter beginning&end of year totals on Pg 7,Line 7
Rev7/99 Page 6
Name:
BALANCE SHEET
For Year Ended
ASSETS Balance Balance Increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
1 101 Utility Plant in Service (From Pg 5,Line 29)C i a o/a se a y.-cI
2 102 Utility Plant Leased to Others
3 103 Plant Held for Future Use
4 105 ConstructionWork in Progress
5 114 Utility Plant Aquisition Adjustment
6 Subtotal (Add Lines 1 -5)
7 108.1 Accumulated Depreciation(From Pg 6,Line 26)
8 108.2 Accum.Depr.-Utility Plant Lease to Others
9 108.3 Accum.Depr.-PropertyHeld for Future Use
10 110.1 Accum.Amort.-Utility Plant in Service
11 110.2 Accum.Amort.-Utility Plant Lease to Others
12 115 Accumulated Amortization-Aquisition Adj.
13 Net Utility Plant (Line 6 less lines 7 -12)
14 123 Investmentin Subsidiaries
15 125 Other Investments
16 Total Investments (Add lines 14 &15)
17 131 Cash
18 135 Short Term Investments
19 141 Accts/Notes Receivable-Customers
20 142 Other Receivables
21 145 Receivablesfrom Associated Companies
22 151 Materials &Supplies Inventory
23 162 Prepaid Expenses
24 173 Unbilled (Accrued)Utility Revenue
25 143 Provision for UncollectableAccounts
26 Total Current (Add lines 17 -24 less line 25)
27 181 UnamortizedDebt Discount &Expense
28 183 Preliminary Survey&Investigation Charges
29 184 Deferred Rate Case Expenses
30 186 Other Deferred Charges
31 Total Assets (Add lines 13,16 &26 -30)
Rev7/99 Page 7
Name:
BALANCE SHEET
For Year Ended
LIABILITIES &CAPITAL Balance Balance Increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock
2 204-6 PreferredStock
3 207-13 MiscellaneousCapital Accounts
4 214 Appropriated Retained Earnings
5 215 UnappropriatedRetained Earnings
6 216 ReacquiredCapital Stock
7 218 ProprietaryCapital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)
9 221-2 Bonds
10 223 Advances from Associated Companies
11 224 Other Long -Term Debt
12 231 Accounts Payable
13 232 Notes Payable
14 233 Accounts Payable -Associated Companies
15 235 Customer Deposits (Refundable)
16 236.11 Accrued Other Taxes Payable
17 236.12 Accrued Income Taxes Payable
18 236.2 Accrued Taxes -Non-Utility
19 237-40 Accrued Debt,Interest &Dividends Payable
20 241 Misc.Current&Accrued Liabilities
21 251 UnamortizedDebt Premium
22 252 Advancesfor Construction
23 253 Other Deferred Liabilities
24 255.1 Accumulated InvestmentTax Credits -Utility
25 255.2 Accum.InvestmentTax Credits -Non-Utility
26 261-5 Operating Reserves
27 271 Contributionsin Aid of Construction
28 272 Accum.Amort.of Contrib.in Aid of Const.**
29 281-3 Accumulated Deferred IncomeTaxes
30 Total Liabilities (Add lines 9 -29
31 TOTAL LIAB &CAPITAL (Add lines 8 &30)
**Only if Commission Approved
Rev7/99 Page 8
Name:
STATEMENTOF RETAINED EARNINGS
For Year Ended
1 RetainedEarnings Balance @ Beginningof Year
2 Amount Added from CurrentYear Income (From Pg 4,Line 32)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributionsof Retained Earnings
6 Retained EarningsBalance @ End of Year
CAPITAL STOCK DETAIL
No.Shares No.Shares Dividends
7 Description (Class,Par Value etc.)Authorized Outstanding Paid
DETAIL OF LONG-TERMDEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Rev7/99 Page 9
Narne:
SYSTEM ENGINEERINGDATA
For Year Ended
1 Providean updated system map if significant changeshave been made to the system during the year.
2 Water Supply:Type of Water
Treatment:Supply
Rated (None,Chlorine Annual Source
Capacity Fluoride Production (Well,Spring,
Pump Designationor location (gpm)Filter etc.)(000's Gal.)Surface Wtr)
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated,Pres-(Wood,Steel
Storage Designation or Location Gal.Gal.urized,Boosted)Concrete)
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
Rev7/99 Page 10
Name:
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended
4 Pump informationfor ALL system pumps,including wells and boosters.
Rated Discharge Energy
Designationor Location Horse Capacity Pressure Used
&Type of Pump**Power (gpm)(psi)This Year
**Submit pump curves unless previouslyprovided or unavailable.Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
5 If Wells are metered:
What was the total amount pumpedthis year?
What was the total amount pumpedduring peak month?
What was the total amount pumped on the peak day?
6 If customers are metered,what was the total amount sold in peak month?
7 Was your system designed to supply fire flows?
If Yes:What is current system rating?
8 How many times were meters read this year?
During which months?r
9 How many additional customers could be servedwith no system improvements -7exceptaservicelineandmeter?
How many of those potential additionsare vacant lots?
10 Are backbone plant additions anticipated during the coming year?
If Yes,attach an explanationof projects and anticipated costs!
11 In what year do you anticipate that the system capacity (supply,storage or distribution)
will have to be expanded?
Rev7/99 Page 11
Name:
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End of
Size Of Year Year Year Year
CUSTOMERSTATISTICS
Numberof Customers Thousands of Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential
3B Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal,Other
8 Other Water Utilities
TOTALS (Add lines 2 through 8)
Rev7/99 Page 12
CERTIFICATE
State of Idaho )
)ss
County of €A )
WE,the undersigned '
utility,on our oath do severallysay that the foregoing report has been prepared underour direction,
from the original books,papers and records of said utility;that we have carefully examined same,and
declare the same to be a correct statement of the business and affairs of said utility for the period
covered by the report in respect to each and every matter and thing therin set forth,to the best of our
knowledge,informationand belief.
(Chief Officer)
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
guilliimilllllllifillinillilifilllisillifillittiligiDEBRAJ.BOLLER ithis6dayof
Û Ä
Ë STATE OF IDAHO ËDimninnlimmmmmunmmmunumumONOTARYPlJBLIC
My Commission Expires (O-(2-20 y
gdk/excel/jnelsonlanulrpts/wtrannuatrpt
Rev7/99 Page 13
U.S.Income Tax Return for an S Corporation OMB No.1545-0130Form1120SjDonotfilethisformunlessthecorporationhastimelyfiledForm2553toelecttobeanScorporation-2000DepartmentoftheTreasuryinternalRevenueservicejSeeseparateinstructions.
For calendar year 2000,or ta× year beginning
,2000,&ending ,20AEffectivedateofUseNameNumber,street,room/suite no.Cityltown,state,&ZIP code C Employer identification no.election as S corp.IRs Evergreen Water Co 82-034090 601/01/1982 label·D DateincorporatedOther-B Businesscodeno.wise,HC 4 Box 44B 06/01/1976(see instructions)print or Sa int Maries I D 8 38 61 E Total assets (see instructions)221000 type.
$16,28 5.F Check applicable boxes:(1)U Initialreturn (2)U Final return (3)U Change in address (4)U Amended returnGEnternumberofshareholdersinthecorporationatendofthetaxyear................................................)1Caution:Include only trade or business income and expenses on lines 1a through 21.See the instructions for mora information.1a Gross receipts or sales 7,17 3 .b Less returns and allowances CBal C ,i2Costofgoodssold(Schedule A,line 8).....................2c3Grossprofit.Subtractline2fromline 1c ............................3 7,173.o 4 Net gain (loss)from Form 4797,Part 11,line 18 (attach Form 4797)...................45Otherincome(loss)(attach schedule)....................56Totalincome(loss).combine lines 3 through 5.....................]6 7 ,17 3 .o 7 compensationofofficers.......................78Salariesandwages(less employment credits)....................8 4 0 0 .U 9 Repairs and maintenance ....................9 8 7 8 .C 10 Baddebts..........
.......10
o 11 Rents...........
........11 200.OR 12 Taxesandlicenses .................12 719.SNL 13 Interest....................................13(s 14a Depreciation (if required,attach Form 4562).....................14a 3 67 .E
i b Depreciation claimed on Schedule A and elsewhere on return .......14bEyCSubtractline14bfromline14a........................14c 3 67 .
I ANr 15 Depletion (Do not deduct oil and gas depletion.)..................15S116Advertising.........................16 20.RN 17 Pension,profit-sharing,etc.,plans ..........
........17US)18 Employee benefit programs...........
.........18|19 Otherdeductions(attachschedule)................................................19 1,734.
I 20 Total deductions.Add the amounts shown in the far right column for lines 7 through 19...........j 20 4 ,318 .O
N
s 21 Ordinary Income (loss)from trade or business activities.Subtract line 20 from line 6 ...............21 2 ,8 5 5 .22 Tax:a Excess net passive income tax (attach schedule)...........22aTbTaxfromScheduleD(Form1120S)............................22b
X C Add lines 22a and 22b (see the instructions for additional taxes)......................22C
A 23 Payments:a 2000 est.ta× payments &amount applied from 1999 rtn.23a
N b Taxdeposited withForm7004...........................23bDCCreditforFederaltaxpaidonfuels(attach Form 4136).............23c
d Add lines 23a through 230.............................23d
Y 24 Estimated tax penalty.Check if Form 2220 is attached ................................j 2425Taxdue.If the total of lines 22c and 24 is larger than line 23d,enter amount owed.See the
instructions for depository method of payment ........................................j 25s26Overpayment.If line 23d is larger than the total of lines 22c and 24,enter amount overpaid ........)2627Enteramountofline26youwant:Credited to 2001 est.tax Refunded j 27Uneenaltiesofpeury,declare tha I have exam ned this rt rn,includingpacco p nyin schaÛnu es an statemhe ths,and tc the best of m n wiedgeandSign""""°"3"complete.eclaration o preparer th an t ayer)as on ormkaton o preparer has any kno ge.Here
Í Signature of officer Date Ï Title
Preparer's k .',Date Check if self-Preparer's SSN or PTINPaidsignatureI,02/16/2001 employed POOO89271Preparer's Firm'sname(or \(Scott Beggs and Company EIN 82-0457460UseOnlyyoursifself-employed),
|
30 4 E Cameron Ave Phone no.address,andZIPcode Kelloqq ID 83837 208--245-4117ForPaperworkReductionActNotice,see the separate instructions.Form 1120S (2000)CAA 0 1120S12 NTF 32567 Copyright 2000 Greatland/Nelco LP -Forms Software Only
FoËm112 S(2000)Evergreen Water Co 82-0340906 Page2ScheduleACostofGoodsSold(see instructions)
1 inventory at beginning of year ....................1
2 Purchases...........
.........2
3 Costofiabor................................34Additionalsection263Acosts(attach schedule).................45Othercosts(attach schedule).................56Total.Add lines 1 through 5 .................67Inventoryatendofyear...............................................78Costofgoodssold.Subtract line 7 from line 6.Enter here and on page 1,line 2 ..................89aCheckallmethodsusedforvaluingclosinginventory.
(i)
_
Cost as described in Regulations section 1.471-3
(ii)Lower of cost or market as described in Regulations section 1.471-4
(iii)Other (specify method used and attach explanation)J
b Check if there was a writedown of "subnormal"goods as described in Regulations section 1.471-2(c).......................
C Check if the LIFO inventory method was adopted this tax year for any goods (if checked,attach Form 970)......................jdiftheLIFOinventorymethodwasusedforthistaxyear,enter percentage (or amounts)of closinginventorycomputedunderLIFO.........................................................9deDotherulesofsection263A(for property produced or acquired for resale)apply to the corporation?................Yes NofWasthereanychangeindeterminingquantities,cost,or valuations between opening and closing inventory7..........Yes Noif"Yes,"attach explanation.
Schedule B|Other Information
Yes No
1 Check method of accounting:(a)Cash (b)Accrual (c)Other (specify
2 Refer to the list in the instructions and state the corporation's principal:
(a)Businessactivity)Water Supply (b)Productorservicej Water service
3 Did the corporation at the end of the tax year own,directly or indirectly,50%or more of the voting stock of a domestic
corporation7 (For rules of attribution,see section 267(c).)If "Yes,"attach a schedule showing:(a)name,address,andemployeridentificationnumberand(b)percentage owned ............................X4Wasthecorporationamemberofacontrolledgroupsubjecttotheprovisionsofsection15617....................X5CheckthisboxifthecorporationhasfiledorisrequiredtofileForm8264,Application for Registration of a Tax Shelter ...6 Check this box if the corporation issued publicly offered debt instruments with original issue discount.................]
If so,the corporation may have to file Form 8281,information Retum for Publicly Offered Original Issue Discount Instruments.7 If the corporation:(a)filed its election to be an S corporation after 1986,(b)was a C corporation before it elected to be an
S corporation or the corporation acquired an asset with a basis determined by reference to its basis (or the basis of any otherproperty)in the hands of a C corporation,and (c)has net unrealized built-in gain (defined in section 1374(d)(1))in excess ofthenetrecognizedbuilt-in gain from prior years,enter the net unrealized built-in gain reduced by net recognized built-in gainfromprioryears(seeinstructions)................................................]$8 Check this box if the corporation had accumulated earnings and profits at the close of the tax year (see instructions)......JUNote:If the corporation had assets or operated a business in a foreign country or U.S.possession,it may be required to attach Schedule N(Form 1120),Foreign Operations of U.S.Corporations,to this return.See Schedule N for details.Schedule K Shareholders'Shares of Income,Credits,Deductions,etc.
(a)Pro rata share items (b)Total amount
1 Ordinary income (loss)from trade or business activities (page 1,line 21)....................1 2 ,8 55 .2 Net income (loss)from rental real estate activities (attach Form 8825)..................23aGrossincomefromotherrentalactivities...................3a
b Expenses from other rental activities (attach schedule)........3b
C Net income (loss)from other rental activities.Subtract line 3b from line 3a ...................3c4Portfolioincome(loss):In-a Interestincome ....................4acomebOrdinarydividends...................4b(Loss)C Royaltyincome ............................................4cdNetshort-term capital gain (loss)(attach Schedule D (Form 1120S))....................4d
e Net long-term capital gain (loss)(attach Schedule D (Form 1120S)):
(1)28%rate gain (loss)(2)Total for year..j 4e(2)
f Other portfolio income (loss)(attach schedule)....................................4f5Netsection1231gain(loss)(other than due to casualty or theft)(attach Form 4797)...........56Otherincome(loss)(attach schedule)...................6
Form 1120S (2000)CAA O 1120S12 NTF 32569 Copyright 2000 Greattand/Nelco LP -Forms Software Only
FCim1120S(2000)Evergreen Water Co 82--0340906 Page 3ScheduleKShareholders'Shares of Income,Credits,Deductions,etc.(continued)
(a)Pro rata share items (b)Total amount7Charitablecontributions(attach schedule).....................7Deduc.8 Section 179 expense deduction (attach Form 4562)....................8tions9Deductionsrelatedtoportfolioincome(loss)(itemize).....................910Otherdeductions(attachschedule)....................10invest-'11 â Interest expense on investment debts ........................11amentb(1)Investment income included on lines 4a,4b,4c,and 4f .......................11b(1)Interest I (2)Investment e×penses included on line 9 above .......................11b(2)I12 a Credit for alcohol used as a fuel (attach Form 6478).......................,12abLow-income housing credit:
(1)From partnerships to which sec.42(j)(5)applies for property placed in service before 1990 ...12b(1)(2)Other than on line 12b(1)for property placed in service before 1990 ....................12b(2)
Credits (3)From partnerships to which section 42(j)(5)applies for property placed in service after 1989 ..12b(3)(4)Other than on line 12b(3)for property placed in service after 1989 ......................12b(4)
C Qualified rehabilitation expenditures related to rental real estate activities (attach Form 3468).....12CdCredits(other than credits shown on lines 12b and 12c)related to rental real estate activities.....12deCreditsrelatedtootherrentalactivities....................12e13Othercredits.............................................13Adjust-14 a Depreciation adjustment on property placed in service after 1986 ......................14a (16 4 .)ments b Adjusted gain or loss ...........
..........14bcDepletion(other than oil and gas)...........................14cPrefer-d (1)Gross income from oil,gas,or geothermal properties ....................14d(1)ence (2)Deductions allocable to oil,gas,or geothermal properties.....................14d(2)items e Other adjustments and tax preference items (attach schedule)......................14e15aNameofforeigncountryorU.S.possession jbGrossincomesourcedatshareholderlevel.....................15b
C Foreign gross income sourced at corporate level:
(1)Passive.............................15c(1)(2)Listed categories(attachschedule)........................15c(2)(3)Generallimitation.....................................15c(3)d Deductions allocated and apportioned at shareholder level:Foreign (1)Interest expense ..........
...........15d(1)Taxes (2)other.............................................................15d(2)e Deductions allocated and apportioned at corporate level to foreign source income:(1)Passive...............................15e(1)(2)Listed categories (attach schedule)......................15e(2)(3)Generallimitation..................................15e(3)
f Total foreign taxes (check one):Paid Accrued.............................15f
g Reduction in taxes available for credit and gross income from all sources (attach schedule)......15916Section59(e)(2)expenditures:a Type j b Amount j 16b17Tax-exempt interest income....................1718Othertax-exempt income .....................1819Nondeductibleexpenses.....................................................19
Other 20 Total property distributions (including cash)other than dividends reported on line 22 below......2021Otheritemsandamountsrequiredtobereportedseparatelytoshareholders(attâch
schedule)
22 Total dividend distributions paid from accumulated earnings and profits .....................2223Income(loss).(Required only if Schedule M-1 must be completed.)Combine lines 1 through
6 in column (b).From the result,subtract the sum of lines 7 through 11a,15f,and 16b..........23 2 ,8 5 5 .
Form 1120S (2000)CAA 0 1120S34 NTF 32570 Copyrigtil 2000 Greatland/Nelco LP -Forms Software Only
Form1120C(2000)Evergreen Water Co 82-·0340906 Page4ScheduleLBalanceSheetsperBooksBeginningoftaxyearEndoftaxyearAssets(a)(b)(c)(d)
1 Cash......................5,157.8,379.2a Trade notes and accounts receivable....
b Less allowance for bad debts...
3 inventories ...
4 u.s.Government obligations ...
5 Tax-exempt securities ...
6 Other current assets (attach schedule)...
7 Loans to shareholders ...
8 Mortgage and real estate loans ........
9 Other investments (attach schedule).....
10 a Buildings and other depreciable assets ...111,927 .111,927 .b Less accumulated depreciation .........103,654 .8,273.104 ,021.7,90 6.11 a Depletable assets...........
b Less accumulated depletion............
12 Land (net of any amortization)..........
13 a intangible assets (amortizable only)...
b Less accumulated amortization ...
14 Other assets (attach schedule)....
15 Totalassets.................13,430..-16,285.Llabilities and Shareholders'Equity
16 Accounts payable...
17 Mortgages,notes,bonds payable in less than 1 yr .14 ,0 0 0 .14 ,0 0 0 .18 Other current liabilities (attach schedule)..
19 Loansfromshareholders...........28,634 .28,634 .20 Mortgages,notes,bonds payable in 1 yearor more
21 Other liabilities (attach schedule)...
22 Capital stock .........7 0 ,0 10 .7 0 ,0 10 .23 Additional paid-in capital .........4 4 ,8 0 0 .4 4 ,8 0 0 .24 Retained earnings .................(144,014 .)(141,159.)25 Adjusiments to shareholders'equity (attach sch.).
26 Less cost of treasury stock.............()()27 Total liabilities and shareholders'equity ...13,4 30 ..-\16,2 8 5 .
Schedule M-1 Reconciliation of Income (Loss)per Books With Income (Loss)per Return (You are not requiredtocompletethisscheduleifthetotalassetsonline15,column (d),of Schedule L are less than $25,000.)
1 Net income (loss)per books ...........2 ,8 5 5 .5 income recorded on books this year not
2 income included on Schedule K,lines 1 through 6,included on Schedule K,lines 1 throughnotrecordedonbooksthisyear(itemize):6 (itemize):
a Tax-exempt int.$
3 f¯xpenses recorded on books this year not 6 Deductions included on Schedule K,linesincludedonScheduleK,lines 1 through 1 through 11a,15f,and 16b,not charged11a,15f,and 16b (itemize):against book income this year (itemize):a Depreciation $a Depreciation $b Travel andentertainment
7 Addlines5and6....
4 Add lines 1 through 3.................2 ,8 5 5 .8 Income (loss)(Schedule K,tine 23).Line 4 less line 7 2 ,8 5 5 .
Schedule M-2 Analysis of Accumulated Adjustments Account,Other Adjustments Account,and
i Shareholders'Undistributed Taxable income Previously Taxed (see the instructions)
(a)Accumulated (b)Other adjustments und st'ihbareehdolad×
leadjustmentsaccountaccountincomepreviouslytaxed
1 Balance at beginning of tax year ...........(115 ,2 6 9 .)(2 8 ,7 4 5 .)2 Ordinary income from page 1,line 21 .......(2 ,8 5 5 .
3 Other additions ...
4 Lossfrompage1,line21.................()
5 Otherreductions .......................()()6 combine lines 1 through 5................(112,414 .)(28,74 5.)7 Distributions other than dividend distributions .
8 Balance at end of tax year.Subtract line 7 from line 6 ..(112 ,4 14 .)(2 8 ,7 4 5 .)CAA 0 1120S34 NTF 32571 Copyright 2000 Greatland/Nelco LP -Forms Software Only Form 1120S (2000)
US Form 1120S,Page 1,Line 19 -Other Deductions 2000
Name:Evergreen Water CO IE number:82-0340906Type:
Accounting.....................60.Amortization....
Answering service.....
Auto and truck expenses.......
Bank charges.....
Commissions......
Computer expense.......
Delivery and freight......
Dues and subscriptions......................2 0 0 .Entertainmentand promotion......
Gifts.......
Insurance......
Janitorial......
Laundry and cleaning......
Legal and professional.......
Licenses and permits......
Meals:at 50%
at 60%-DOT hours of service
at 100%-See instructions........
Miscellaneous......
Office expense......
Outside service......
Parking and tolls......
Postage....................9 0 .Printing.....
Sales expense.......
Security.......
Supplies...................2 92 .Telephone......
Temporary help......
Tools......
Trade show expense......
Training and seminars.......
Travel.....
I iniforms
Utilities..............................Water Testinq 244.
Total .....................1,7 3 4 .Copyright form software only,2000 Universal Tax Systems,Inc.All rights reserved.USWSASS1
ECHED'JLEK-1 Shareholder's Share of Income,Credits,Deductions,etC.OMBNo.1545-0130(Form 1120S)j see separate Instructions.
For calendar year 2000 or tax year 2000DepartroentoftheTreasuryInternalRevenueServicebeginning
,2000,and ending ,20Shareholder's Identifying number j 519-6 6-0 659 Corporation's identifying number j 82-034 0 90 6Shareholder's name,address,and ZIP code Corporation's name,address,and ZIP codeMichelleSlackEvergreenWaterCo
HCo4 Box 44B HC 4 Box 44BSaintMariesID83861-Saint Maries ID 83861
A Shareholder's percentage of stock ownership for tax year (see instructions for Schedule K-1).......................j 10 0 .0 0 0 ¾B internal Revenue Service Center where corporation filed its return j OgdenCTaxshelterregistrationnumber(see instructions for Schedule K-1).........................]D Check applicable boxes:(1)Final K-1 (2)Amended K-1
(c)Form 1040 filers enter the(a)Pro rata share items
i (b)Amount amount in column (b)on:
1 Ordinary income (loss)from trade or business activities........1 2 ,8 5 5 ·
¯
See Shareholder's2Netincome(loss)from rental real estate activities ............2 instructions for Schedule3Netincome(loss)from other rental activities ................3 K-1 (Form 1120S).
4 Portfolio income (loss):
a interest ...................4a Sch.B,Part I,line 1bOrdinarydividends...................4b Sch.B,Part il,line 5
C Royalties...........................4c Sch.E,Part I,line 4IncomedNetshort-term capital gain (loss).....................4d Sch.D,line 5,col.(f)(Loss)e Net long-term capital gain (loss):
(1)28%rate gain (loss)...................4e(1)Sch.D,line 12,col.(g)(2)Totalforyear .............................4e(2)Sch.D,line12,col.(f)
f Other portfolio income (loss)(attach schedule)..............4f Fa"[°"Jffig
See Shareholder'sInstructionsforSchedule5Netsection1231gain(loss)(other than due to casualty or theft)5 K-1 (Form 1120S).6 Other income (loss)(attach schedule)....................6 fe"7 Charitable contributions (attach schedule)..................7 Sch.A,line 15 or 16Deduc-8 Section 179 expense deduction .........................8 See Shareholder'stions9Deductionsrelatedtoportfolioincome(loss)(attach schedule)..9 Instructions for Schedule
K-1 (Form 11205).10 Other deductions (attach schedule).......................10Invest.11a Interest expense on investment debts .....................11a Form 4952,line 1mentb(1)investment income included on lines 4a,4b,4c,&4f above 11b(1)See Shareholder'sInstructionsforScheduleInterest(2)Investment expenses included on line 9 above..........11b(2)K-1 (Form 1120S).12a credit for alcohol used as fuel ......................128 Form 6478,line 10bLow-income housing credit:
(1)From section 42(j)(5)partnerships for property placed in
servicebefore1990..............................12b(1)
(2)Other than on line 12b(1)for property placed in service
before1990....................................12b(2)
(3)From section 42(j)(5)partnerships for property placed in Form 8586,line 5
serviceafter1989...............................12b(3)Credits (4)Other than on line 12b(3)for property placed in service
after1989.....................................12b(4)
C Qualified rehabilitation expenditures related to rental real estate
activities.........................................12C
d Credits (other than credits shown on lines 12b and 12c)related See Shareholder'storentalrealestateactivities........................12d instructions for ScheduleeCreditsrelatedtootherrentalactivities.....................128 K-1 (Form 1120S).
13 Othercredits.......................................13ForPaperworkReductionActNotice,see the Instructions for Form 1120S.Scht dule K-1 (Form 1120S)2000cAA0120SKi12NTF32556ACopyright2000Grealland/NelcoLP-Forms Software Only
S hedule K-1 (Form 1120S)(2000)Michelle Slack 519--66-0659 Page 2
(c)Form 1040 filers enter the(a)Pro rata share items (b)Amount amount in column (b)on:14a Depreciation adjustment on property placed in service after 1986 14a (164 .)Adjust,See the Shareholder'smentsbAdjustedgainorloss......................14b instructionsfor&Tax C Depletion (other than oil and gas).........................14c Schedule K-1 (FormPref-d (1)Gross income from oil,gas,or geothermal properties ......14d(1)1120S)anderenceI(2)Deductions allocable to oil,gas,or geothermal properties...14d(2)Instructions forItems|Form 6251eOtheradjustmentsandtaxpreferenceitems(attach schedule)...14e15aNameofforeigncountryorU.S.possession
b Gross income sourced at shareholder level ..................15b
C Foreign gross income sourced at corporate level:
(1)Passive ..............................15c(1)(2)Listed categories (attach schedule)....................15c(2)(3)Generallimitation...............................15c(3)d Deductions allocated and apportioned at shareholder level:
(1)Interest expense........................15d(1)Form 1116,Part iFor-(2)Other........................................15d(2)eign
Taxes e Deductions allocated and apportioned at corporate level to
foreign source income:
(1)Passive ..............................15e(1)(2)Listed categories (attach schedule)....................15e(2)(3)Generallimitation.............................15e(3)
f Total foreign taxes (check one):Paid Accrued 15f Form 1116,Part ilgReductionintaxesavailableforcreditandgrossincomefromallSeeinstructionsforsources(attach schedule)........................15g Form 111616Section59(e)(2)expenditures:a Type nesÎruSchrnes reSchedulebAmount..........................16b K-1(Form1120S).17 Tax-exempt interest income .....................17 Form 1040,line 8b18Othertax-exempt income ...................1819Nondeductibleexpenses..............................19 See the Shareholder'sOther20Propertydistributions(including cash)other than dividend Instructions for
Schedule K-1distributionsreportedtoyouonForm1099-DIV ..............20 (Form 1120$).21 Amount of loan repayments for "Loans From Shareholders".....2122Recaptureoflow-income housing credit:
a From section 42(j)(5)partnerships ........................22a Form 8611,line 8bOtherthanonline22a.................................22b23Supplementalinformationrequiredtobereportedseparatelytoeachshareholder (attach additional scnedules if more space isneeded):
Sup-
ple-
mental
Infor-mation
CAA 4 120SK112 NTF 32557A Copyright 2000 Grealland/Netco LP -Forms Software Only Schedule K-1 (Form 1120S)2000
Depreciation and Amortization OMB No.1545-0172Form4562(Including Information on Listed Property)2000DepartmentoftheTreasury,,AttachmentinternaiRevenueservice(99))See separate instructions.]Attach this form to your return.Sequence No.67Name(s)shown on return Business or activity to which this form relates Identifying numberEvergreenWaterCoWaterCompany82-0340906PartIElectionToExpenseCertainTangibleProperty(Section 179)Note:If you have any "listed property,"complete Part V before you complete Part I.
1 Maximum dollar limitation.If an enterprise zone business,see the instructions .....................1 $20,0002Totalcostofsection179propertyplacedinservice.See the instructions.....................23Thresholdcostofsection179propertybeforereductioninlimitation....................3 $200,0004Reductioninlimitation.Subtract line 3 from line 2.If zero or less,enter -0-........................45Dollarlimitationfortaxyear.Subtract line 4 from line 1.If zero or less,enter-0-.If married filingseparately,seetheinstructions............
...........................5 20,000.6 (a)Description of propedy (b)Cost (business use only)(c)Elected cost
7 Listed property.Enteramountfromline27.................................7
8 Total elected cost of section 179 property.Add amounts in column (c),lines 6 and 7 .....................89Tentativededuction.Enter the smaller of line 5 or line 8...................91ÛCarryoverofdisalloweddeductionfrom1999.See the instructions ...............................1011Businessincomelimitation.Enter smaller of business income (not less than zero)or line 5 (see instructions)...1112Section179expensededuction.Add lines 9 and 10,but do not enter more than line 11...................1213Carryoverofdisalloweddeductionto2001.Add lines 9 and 10,less line 12 ......)13Note:Do not use Part II or Part Ill below for listed property (automobiles,certain other vehicles,cellular telephones,certain computers,or propertyusedforentertainment,recreation,or amusement).Instead,use Part V for listed property.Part 11 MACRS Depreciation for Assets Placed in Service Only During Your 2000 Tax Year (Do not include listedproperty.)
Section A --General Asset Account Election14Ifyouaremakingtheelectionundersection168(i)(4)to group any assets placed in service during the tax year into one or moregeneralassetaccounts,check this box.See the instructions ...................................................Section B --General Depreciation System (GDS)(See the instructions.)(b)Month and (c)Basis for depr.(a)Classification of property year placed (businessnnvestment use (d)Recovery (e)(f)Method (g)Depreciationinserviceonly--see instructions)penod Convention deduction15a3-year property
b 5-year property
C 7-year property
d 10-year property
e 15-year property
f 20-year property
g 25-year property 25 yrs.S/LhResidentialrental27.5 yrs.MM S/Lproperty27.5 yrs.MM SIL
I Nonresidential real 39 yrs.MM SlLpropertyMMS/LSectionC--Alternative Depreciation System (ADS)(See the instructions.)16 a class life \S/Lb12-year 12 yrs.SIL
C 40 year 40 yrs.MM S/L|Part Ill Other Depreciation (Do not include listed property.)(See the instructions.)17 GDS and ADS deductions for assets placed in service in ta× years beginning before 2000 .................17 3 67 .18 Property subject to section 168(f)(1)election .......................1819ACRSandotherdepreciation............
.............19PartIVSummary(See the instructions.)Copyright 2000 Greatland/Nelco LP -Forms Software Only20Listedproperty.Enteramountfromline26..................................................2021Total.Add deductions from line 12,lines 15 and 16 in column (g),and lines 17 through 20.Enter here and ontheappropriatelinesofyourreturn.Partnerships and S corporations --see instructions ..................21 3 67 .22 For assets shown above and placed in service during the current year,enter the
portion of the basis attributable to section 263A costs .......................22ForPaperworkReductionActNotice,see the InstructionS.CAA 0 456212 NTF 30859 Form 4562 (2000)
82
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