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Home My WebLink About2007Annual Report.pdf. OF EvG--(, Eve-v- 7nG+ t,Plr ÚJ NAME .2 Vl? ¡;fFc.~r--~ r:;..c.c. td sr &ri¿.í l .kL Cl3¿',/ ADDRESS ANNUALREPORP/¡) TO THE IDAHO PUBLIC UTiliTIES COMMISSION FOR THE YEAR ENDED 2007 ~ ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING ;:OC? :2 1 Give full name of utility Telephone Area Code ( E-mail address 2 Date of Organization 3 Organized under the laws of the state of 4 Address of Principal Office (number & street) 5 P.O. Box (if applicable) 6 City 7 State 8 Zip Code 9 Organization (proprietor, partnership, corp.) 10 Towns, Counties served COMPANY INFORMATION kv wf~~ W~l~ ~"-/~~ V'20 &' 3'is: ::t.Ltt . ~ r 1'1'7&U_Æo9.~r¡¿c, l!., rJ-~~- ß/'íi ~ ;¿ 'J:J:l ~ &= 3 ftk i s Co.. 1'0 v t:la~ J- J;~t:- 'lé '--- Ý:",- C ca S.. l2'U'1fJ'-' 11 Are there any affiliated companies? /f If yes, attach a list with names, addresses & descriptions. Explain any services provided to the utilty. 12 Contact Information President (Owner) Vice President Secretary General Manager Complaints or Billing -- Engineering Emergency Service Accounting 13 Were any water systems acquired during the year or any additions/deletions madeto the service area during the year? &'0 If yes, attach a list with names, addresses & descriptions. Explain any services provided to the utilty. 14 Where are the Company's books and records kept? /Street Address 9 ¿: "' ¿; ¿ óv P" ... c. City State Zip ;i i. , Rev 3/02 Page 1 NAME: . COMPANY INFORMATION (Cont.) For the Year Ended 15 Is the system operated or maintained under a service contract? 16 If yes: With whom is the contract? When does the contract expire? What services and rates are included? A/o ,A17 Is water purchased for 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 Division of Environmental Quality? If yes, attach full explanation 20 Has the Idaho Division of Environmental Quality recommended any improvements? If yes, attach full explanation 21 Number of Complaints received during year concerning: Quality of Service High Bills Disconnection 22 Number of Customers involuntarily disconnected 23 Date customers last received a copy of the Summary of Rules required by IDAPA 31.21.01.701? Attach a copy of the Summary 24 Did significant additions or retirements from the Plant Accounts occur during the year? If yes, attach full explanation and an updated system map dlo; I (! 6)b l,/o? t & Rev 3/02 Page 2 NAME: REVENUE & EXPENSE DETAIL For the Year Ended DESCRIPTION 400 REVENUES 1 460 Unmetered Water Revenue 2 461.1 Metered Sales - Residential 3 461.2 Metered Sales - Commercial, Industrial 4 462 Fire Protection Revenue 5 464 Other Water Sales Revenue 6 465 Irrigation Sales 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 10 **Hookup or Connection Fees Collected . 11 ***Commission Approved Surcharges Collected " ACCT# 620.1-6 Materials & Supplies - Operation & Maint. 620.7-8 Materials & Supplies - Administrative & General 631-34 Contract Services - Professional 635 Contract Services - Water Testing 636 Contract Services ~ Other 641-42 Rentals - Property & Equipment 650 Transportation Expense 656-59 Insurance 660 Advertising 666 Rate Case Expense (Amortization) 667 Regulatory Comm. Exp. (Other except taxes) _ 670 Bad Debt Expense 675 Miscellaneous Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) 401 OPERATING EXPENSES 12 601.1-6 Labor - Operation & Maintenance 13 601.7 Labor - Customer Accounts 14 601.8 Labor - Administrative & General 15 603 Salaries, Officers & Directors 16 604 Employee Pensions & Bénefits 17 610 Purchased Water 18 615-16 Purchased Power & Fuel for Power 19 618 Chemicals 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Rev 3/02 Page 3 c2 (P -¡q:: . ~.3 Qoø øo ~7r:L~9 -igi. t.1 C/ (J Booked to Acct # Booked to Acct # Booked to Acct # '-i? () '- t9(! ¡.lIZ¡ . LIt if:;- 7( r '! 1(:7'. r; 'f /ICf,?O ~ '3 ó. d)O ?f~'7, "C) /(PIP,IiO 1fr~..88 Name: . ACCT# INCOME STATEMENT For Year Ended DESCRIPTION 1 2 3 403 4 406 5 407 6 408.10 7 408.11 8 408.12 9A 408.13 9B 9C 90 10 409.10 11 409.11 12 410.10 13 410.11 14 411 15 412 16 17 413 18 414 19 20 415 21 416 22 419 23 420 24 421 25 426 26 408.20 27 409-20 28 29 30 427.3 31 427.5 32 Rev 3/02 Revenue (From Page 3, line 8) Operating Expenses (From Page 3, line 33) Depreciation Expense Amortization, Utiity Plant Aquisition Adj. Amortization Exp. - Other Regulatory Fees (PUC) Property Taxes Payroll Taxes Other Taxes (list) DEQ Fees C'~L"e; -fo.."t I l.. elo G c- £~lAG..f(,.. ,p",. /,.se..c.c- ()~ c-5 :r ø~ w Federal Income Taxes State Income Taxes Provision for Deferred Income Tax - Federal Provision for Deferred Income Tax - State Provision for Deferred Utility Income Tax Credits Investment Tax Credits - Utiity Total Expenses from operations before interest (add lines 2-15) Income From Utility Plant Leased to Others Gains (Losses) From Disposition of Utility Plant Net Operating Income (Add lines 1,17 &18 less line 16) Revenues, Merchandizing Jobbing and Contract Work Expenses, Merchandizing, Jobbing & Contracts Interest & Dividend Income Allowance for Funds used During Construction Miscellaneous Non-Utility Income Miscellaneous Non-Utility Expense Other Taxes, Non-Utility Operations Income Taxes, Non-Utility Operations Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26, & 27) Gross Income (add lines 19 & 28) Interest Exp. on Long-Term Debt Other Interest Charges NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2) 5:o~ 1#0~g, ,r¿ l?ÓL. aD qS' "0 /Pt: L dD.. '3",;0 :2~, t/O 5"7?d.p~ Page 4 12 Of-f. 1/. I'd: n c. . '3 ( Name: .: ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended ¡Vi ~.r~5 Balance End of Year Removed During Year Added During Year Balance Beginning of Year SUB ACCT#DESCRIPTION 301 Organization 302 Franchises and Consents 303 Land & Land Rights 304 Structures and Improvements 305 Collecting & Impounding Reservoirs 306 Lake, River & Other Intakes . 307 Wells 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 311 Power Pumping Equipment 320 Purification Systems 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 333 Services 334 Meters and Meter Installations 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant &.Misc. Equipment 340 Office Furniture and Equipment 341 Transportation Equipment 342 Stores Equipment . 343 Tools, Shop and Garage Equipment 344 Laboratory Equipment ~ 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property TOTAL PLANT IN SERVICE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Enter beginning & end of year totals on Pg 7, Line 1(Add lines 1 - 28) Rev 3/02 Page 5 Name: ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL SUB For Year Ended :; ¿ ~ ~ ¡j.:"U Depreciation Rate .~Y- Balance Beginning r- e."¡'-'" ~ Balance End of Increase or 1 2 3 4 5 6 7 "8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 ACCT#DESCRIPTION %of Year Year (Decrease) 304 Structures and Improvements 305 Collecting & Impounding Reservoirs 306 Lake, River & Other Intakes 307 Wells 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 311 Power Pumping Equipment 320 Purification Systems 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 333 Services 334 Meters and Meter Installations 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 340 Office Furniture and Equipment 341 Transportation Equipment 342 Stores Equipment 343 Tools, Shop and Garage Equipment 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property TOTALS (Add Lines 1 - 25) Enter beginning & end of year totals on Pg 7, Line 7 Rev 3/02 Page 6 . Name: BALANCE SHEET For Year Ended ASSETS Balance Beginning Increase or Balance End of 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 ACCT#DESCRIPTION of Year Year (Decrease) 101 Utility Plant in Service (From Pg 5, Line 29) 102 Utility Plant Leased to Others 103 Plant Held for Future Use 105 Construction Work in Progress 114 Utility Plant Aquisition Adjustment Subtotal (Add Lines 1 - 5)~ 108.1 Accumulated Depreciation (From Pg 6, Line 26) 108.2 Accum. Depr. - Utility Plant Lease to Others 108.3 Accum. Depr. - Property Held for Future Use 110.1 Accum. Amort. - Utility Plant in Service 110.2 Accum. Amort. - Utility Plant Lease to Others 115 Accumulated Amortization - Aquisition Adj. Net Utility Plant (Line 6 less lines 7 - 12)" 123 Investment in Subsidiaries 125 Other Investments Total Investments (Add lines 14 & 15) 131 Cash 135 Short Term Investments 141 Accts/Notes Receivable - Customers 142 Other Receivables 145 Receivables from Associated Companies 151 Materials & Supplies Inventory 162 Prepaid Expenses 173 Un billed (Accrued) Utility Revenue 143 Provision for Uncollectable Accounts Total Current (Add lines 17 -24 less line 25) 181 Unamortized Debt Discount & Expense 183 Preliminary Survey & Investigation Charges 184 Deferred Rate Case Expenses . 186 Other Deferred Charges Total Assets (Add lines 13, 16 & 26 .30). Rev 3/02 Page 7 Name: BALANCE SHEET For Year Ended LIABILITIES & CAPITAL Increase or Balance Beginning Balance End of 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 ACCT#DESCRIPTION of Year Year (Decrease) 201-3 Common Stock 204-6 Preferred Stock . 207-13 Miscellaneous Capital Accounts 214 Appropriated Retained Earnings 215 Unappropriated Retained Earnings 216 Reacquired Capital Stock 218 Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6) 221-2 Bonds 223 Advances from Associated Companies 224 Other Long - Term Debt 231 Accounts Payable 232 Notes Payable 233 Accounts Payable - Associated Companies 235 Customer Deposits (Refundable) 236.11 Accrued Other Taxes Payable 236.12 Accrued Income Taxes Payable 236.2 Accrued Taxes - Non-Utility 237-40 Accrued Debt, Interest & Dividends Payable 241 Misc. Current & Accrued Liabilities 251 Unamortized Debt Premium 252 Advances for Construction 253 Other Deferred Liabilities 255.1 Accumulated Investment Tax Credits - Utilty 255.2 Accum. Investment Tax Credits - Non-Utility 261-5 Operating Reserves 271 Contributions in Aid of Construction 272 Accum. Amort. of Contrib. in Aid of Const. ** 281-3 Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 - 29 . TOTAL L1AB & CAPITAL (Add lines 8 & 30) ** Only if Commission Approved Rev 3/02 Page 8 Name: .; STATEMENT OF RETAINED EARNINGS For Year Ended 1 Retained Earnings Balance (g Beginning of Year 2 Amount Added from Current Year Income (From Pg 4, Line 32) 3 Other Credits to Account 4 Dividends Paid or Appropriated 5 Other Distributions of Retained Earnings 6 Retained Earnings Balance (g End of Year 7 Description (Class, Par Value etc.) CAPITAL STOCK DETAIL No. Shares Authorized No. Shares Outstanding Dividends Paid DETAIL OF LONG-TERM DEBT 8 Description Interest Rate Year-end Balance Interest Paid Interest Accrued Rev 3/02 Page 9 Name: .: SYSTEM ENGINEERING DATA For Year Ended Provide an updated system map if significant changes have been made tothe system during the year. . \ 2 W);:P'YcÄ~7 ~j L;~/~L;I ¿; 'i l- ¿/v- Rated Capacity Type of Treatment: (None, Chlorine Fluoride Annual Production Water Supply Source (Well, Spring, Pump DesiQnation or location (gpm)Filter etc.)(OOO's GaL)Surface Wtr) . 3 System Storage: ¡1tJ ck v-t?J Gi J."¿1~,li:"- Capacity OOO's GaL. Usable Capacity OOO's GaL. Type of Reservoir Construction (Elevated,Pres- (Wood, Steel urized, Boosted' . Concrete)Storaqe Desiqnation or Location (Duplicate form and attach if necessary. Asterisk facilities added this year.) Rev 3/02 Page 10 Name: ., SYSTEM ENGINEERING OAT A (continued) For Year Ended 4 Pump information for ALL system pumps, including wells and boosters. ¡1 ~Desrd;: ~tion Horse c:::~1ty Discharge Pressure Energy Used & Type of Pump**Power (gpm)(psi)This Year . . .. .** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year; Attach additional sheets if inadequate space is available on this page. 5 If Wells are metered: What was the total amount pumped this year? What was the total amount pumped during 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?ÆÆ /1 l)i7 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,.r.J A(1t(~ :J ~/y l tL~6le / l. , i 7 '- 9 How many additional customers could be served with no system improvements except a service line and meter? How many of thOse potential additions are vacant lots? 10 Are backbone plant additions anticipated during the coming year? If Yes, attach an explanation of projects and anticipated costs! '3 .3 ¿Vo 11 In what year do you anticipate that the system capacity (supply, storage or distribution) will have to be expanded? Rev 3/02 Page 11 . Name:. SYSTEM ENGINEERING DATA (continued) For Year Ended FEET OF MAINS Pipe Size In Use Beginning Of Year Installed During Year Abandoned During Year In Use End of Year A/f7 e:/..___"ø . CUSTOMER STATISTICS Number of Customers Thousands of Gallons Sold TOTALS (Add lines 2 through 8) This Last This Last Year Year Year Year 5~~ (q ¿fA-AlA- . . 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 Wåter Utilities Rev 3/02 Page 12 .. ., CERTIFICATE State of Idaho ) ) ss County of ) ,4.... E,t?~un~Si9ne~41 vi¡lS-i ~Æand. .'/ "./ ~ la l: . .c C '-Wt: ~c._of the utility, on our oath do everally say that the foregoing report has been prepared under our direction, from the original books, papers and records of said utility; that we have carefully examined same, and declare the same to be a correct statement of the business and affairs of said utility for the period covered by the report in respect to each and every matter and thing therinset forth, to the best of our knowledge, information and belief. ~& , (Chief Offcer)Æ (Officer in Charge of Accounts) Subscribed and Sworn to Before Me this ,tt day Of~, ioot') NOTARY PUBLIC My Commission Expires /tÀl'JY I 10 gdklexcelljnelsonJanulrplslwtrannualrpt Rev 3/02 Page 13 ~ Fonn 11208 U.S. Income Tax Return for an S Corporation ~ Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation. OMS No. 1545.0130 Deparment of the Treasury Intemal.Revenue Service 2007 For calendar vear 2007 or tax year beainnina . and endina A S election effective date Name o Employer identification number01/01/1982 Use the IRS EVERGREEN WATER CO 82-0340906BBusiness activity labeL.. code number Other.Number, street, and room or suite no. If a P.O. box, see instructions.E Date inco rpo rated(see instructions)221300 wise,248 EVERGREEN TERRACE ROAD 06/01/1976print C Check if Sch. M-3 ortype.City or town, state, and ZiP code F Total assets (see instructions) attached D ST.MARIES.ID 83861 $14,626. G Is the corporation electing to be an S corporation beginning with this tax year? DYes 00 No If -Yes,' attach Form 2553 if not already filed H Check if: (1) D Final return (2) D Name change (3) D Address change (4) 0 Amended return (5) D S election termination or revocation I Enter the number of shareholders in the corporation at end of the tax year ............... .. . ...................... ....................... ........ ~ 1 Caution: Include onlv trade or business income and exoenses on lines 1 a throuah 21.See the instructions for more information. 1 a Gross receipts or sales 6,974.b Less retums and allowances C 8al ~1 c 6,974 .' 2 Cost of goods sold (Schedule A, line 8)...............2 Q)3 Gross profit. Subtract line 2 from line 1 c 3 6,974E......................0 4 Net gain (loss) from Form 4797, Part ", line 17 (attach Form 4797)4(J ....................,...E 5 Other income (loss)(attach statement)...................................................................................5 6 Total income (Iossl. Add lines 3 throuah 5 ..............................................................................~6 6 974. (i 7 Compensation of officers ....................................................................................................7 c:8 Salaries and wages (less employment credits)8 800~............................................................... Cl 9 Repairs and maintenance 9 1, 080 .-............................."........... ............................. ......................... ~10 Bad debts .............................................................. .......................................10..11 Rents 11 100 ..g ............................................................................................... ~,12 Taxes and licenses ......s..TA..'E~ENT L 12 256 .c:..............................................................0 13 Interest 13:;..........................................................................................................................(J 299:J 14 Depreciation not claimed on Schedule A or elsewhere on return (attach Form 4562)14 ..................................-1I 15 Dep.letion (Do not deduct oil and gas depletion.)15.5 ...................................................................... Q)16 Advertising 16Q).................................................................................................................................~17 Pension, profit-sharing. etc., plans 171I.................................................................................................... c:18 Employee benefit programs 180........................~19 Other deductions (attach statement) ...STATEMENT :4 19 3 534 .:J ~6,069"0 20 Total deductions. Add lines 7 through 19 20 .Q)c 21 Ordinarv business income (loss). Subtract line 20 from line 6 21 905. 22 a Excess net passive income or LIFO recapture tax (see instructions).....22a b Tax from Schedule 0 (Form 1120S) 22b c Add lines 22a and 22b ............22c 1I 23 a 2007 estimated tax payments and 2006 overpayment credited to 2007 23a-c:b . Tax deposited with Form 7004 23bQ).......................E::c Credit for federal tax paid on fuels (attach Form 4136)23cCla.d Add lines 23a through 23c 23d"0 ........................................................................................... c:24 Estimated tax penalty (see instructions). Check if Form 2220 is attached ~D 24Cl...................)(25 Amount owed.If line 23d is smaller than the total of lines 22c and 24, enter amount owed 25Cl.........................~26 Overp ayment.If line 23d is larger than the total of lines 22c and 24, enter amount overpaid ..... .. i.... ~~;~~~'e'd ......26 27 Enter amount from line 26 Credited to 2008 estimated tax ~~27 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and Sign belief, it is true, corrt, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge. May the IRS discussthis return with theHere ~ Signature of officer I ~Title g~Tg~r(~~h~~rr.)7 Date ooVesDNo Preparer's ~ ~'¡UL lj J Date Check if Preparer's Paid :3 -3 -oS self-SSN or PTiNsignature,A'.Kk't:emoloved DPreparer's Finn's name (or I Use Only yours If self- ~EINemployed),~rFß) 01/address, and Zip code Phone no. JWA For Privacy Act and Paperwork Reduction Act Notice, see separate instruc~ ~ U U Form 11205 200771170112.28.07 12460226 759203 Z00040F 1 2007.04010 EVERGREEN WATER CO Z00040Fl ERGREEN WATER CO 82 0340906Form1120S (2007)EV -Paoe 2 Psê6édÔiè,AI Cost of Goods Sold (see instructions) 1 Inventory at beginning of year .....................................................................................................1 2 Purchases .............................................................................................................................................2 3 Cost of labor ...............................................................................................................................................3 4 Additional section 263A costs (attach statement)...................................................................................................4 5 Other costs (attach statement).................................................................................................................-.-........5 6 TotaL.Add lines 1 through 5 .............................................................................................................................6 7 Inventory at end of year ...............................................................................................................................7 8 Cost of goods sold.Subtract tine 7 from line 6.Enter here and on page 1,line 2 .................................................8 9 a Check all methods used for valuing closing inventory: (i) D Cost as described in Regulations section 1.471-3 (ii) D Lower of cost or market as described in Regulations section 1.471-4 (iii) D Other (Specify method used and attach explanation) ~ 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) d If the LIFO inventory method was used for this tax year, enter percentage (or amounts) of closing inventory computed under LIFO .... .................... .. .................................................. ....................... W e If property is produced or acquired for resale, do the rules of Section 263A apply to the corporation? ........... ..................... f Was there any change in determining quantities, cost, or valuations between opening and closing inventory? ......... ... .... ........... ....... .......... If -Yes' attach ex lanation. sbHéd'ofêa Other Information 1 Check accounting method: (a) (X Cash 2 See the instructions and enter the: (a) Business activity ~ (b) Product or service ~ 3 At the end of the tax year, did the corporation own, directly or indirectly, 50% or more of the voting stock of a domestic corporation? (For rules of attribution, see section 267(c).) If -Yes,' attach a statement showing: (a) name and employer ide~tification number (EIN), (b) percentage owned, and (c) if 100% owned, was a QSub election made? ................... 4 Has this corporation filed, or iE it required to file, a return under section 6111 to provide information on any reportable transaction? 5 Check this box if the corporation issued publicly offered debt instruments with original issue discount .... ....... ... ........ ....... ... .... ......... ..... ~ D If checked, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount Instruments. 6 If the corporation: (a) 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 other property) in the hands of a C corporation and (b) has net unrealized buil-in gain (defined in section 1374(d)(1)) in excess of the net recognized built-in gain from prior years, enter the net unrealized built-in gain reduced by net recognized built-in gain from prioryears ......... ..... ........................................ ~ $ 7 Enter the accumulated earnings and profits of the corporation at the end of the tax year ........ ............ $ 8 Are the corporation's total receipts (see instructions) for the tax year and its total assets at the end of the tax year less than $250 OOO? llYes - the cor oration is not re uired to com lete Schedules Land M-1 ...... ...... ..... sBhèdl.léR Shareholders' Pro Rata Share Items 1 Ordinary business income (loss) (page 1, line ~1) .' e Net rental real estate income (loss) (attach Form 8825) ................ 3a Other gross rental income (loss) ...................... b Expenses from other rental activities (attach statement) .. .......... .......... c Other net rental income (loss). Subtract line 3b from line 3a ..................... .....................................4 Interest income .................... 5 Dividends: a Ordinary dividends b Qualified dividends (c) D Other (specify)~ ~D........~D DYes DNa DYes DNa íiCIo¿ ll Eoo.f 6 Royalties 7 Net short-term capital gain (loss) (attach Schedule D (Form 1120S)) 8a Net long-term capital gain (loss) (attach Schedule D (Form 1120S)) b Collectibles (28%) gain (loss) c Unrecaptured section 1250 gain (attach statement) 9 Net section 1231 gain (loss) (attach Form 4797) . 10 Other income loss see instructions T e ~ JWA 71171112-26-07 12460226 759203 Z00040F 2 2007.04010 EVERGREEN WATER CO Total amount 905. Form 1120S (2007) Z00040Fl Form 11205 (2007)EVERGREEN WATER CO CIeo ~:J"0GIC Shareholders' Pro Rata Share Items 11 Section 179 deduction (attach Form 4562) .. ............ ... .. ... ......... ........ ............. ... .... ...................... ......... 12 a Contributions ......................................................................................................................... b Investment interest expense .............. ... c Section 59(e)(2) expenditures (1) Type ~ (2) Amount ~ ..... .............................. ............,...................................................................... d Other deductions see instructions T e ~ 13 a Low-income housing credit (section 42(j)(5)) ..................................... ............................ ................ b Low-income housing credit (other) c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) . d Other rental real estate credits (see instructions) Type ~ e Other rental credits (see instructions) ............... Type ~ I Credit for alcohol used as fuel (attach Form 6478) .......... .......... ........... ....... .... ..................... .................. Other credits see instructions T e ~ 14 a Name of country or U.S. possession ~ b Gross income from all sources . ... ......... c Gross income sourced at shareholder level Foreign gross income sourced at corporate level d Passive category ... ........... ....................... ................. .. ............. .......... ...... e General category .............. ...... .... ........................ ...................... .... .... ................. ........... I Other (attach statement) ....... ......... ....................... ......... ............... ...... .................. ..... ............... Deductions allocated and apportioned at shareholder level 9 Interest expense .. ................ ..... .... ....... ............................. ... ........ ... ........ ... ............. h Other .................. ................ ....................................................................... ........................... Deductions allocated and apportioned at corporate level to loreign source income I Passive category .......................... ................ ... .......... ... j General category . ........ ......... ........ .............. ... k Other (attach statement) . Other information I Total foreign taxes (check one)" D Paid D Accrued.. ......... ..................... ......... .......... m Reduction in taxes available for credit (attach statement) ........... ............. n Other forei n tax information attach statement ..................... . 15 a Post-1986 depreciation adjustment................ ......................... ......................... b Adjusted gain or loss .......................................... .. .... c Depletion (other than oil and gas) .. ...................... ................ d Oil, gas, and geothermal properties - gross income .............. e Oil, gas, and geothermal properties - deductions ... ................... ........ I Other AMT items attach statement ...................... 16 a Tax-exempt interest income ............. ... ....... ... b Other tax-exempt income .................. c Nondeductible expenses. ................ d Property distributions .. ................ e Re a ment of loans'from shareholders 17 a Investment income ............... b Investment expenses .................................. ................. ............... c Dividend distributions paid from accumulated earnings and profis . .............................. d Other items and amounts attach statement ....... ....... CI.. '6 l!o CIeo ~coCIe El-eenof ou. GI ~ CI:.1- e~e~ ~E~::'ë::c:'-c:::- ene...- GI tí:5 CI ~,g'¡; -= GI coCI"a:e..Glen.. e.2....GI co.i e Õ l5-e , eeo0'-()~GI::a:ë3 18 Income/loss reconciliation. Combine the amounts on lines 1 through 10 in the lar right column. From the result subtract the sum of the amounts on lines 11 throu h 12d and 141 ................. JWA 711721 12-26-07 12460226 759203 Z00040F 3 2007.04010 EVERGREEN WATER CO 82 - 0 34 0 9 0 6 Page 3 Total amount 11 12a 12b 12c 2 12d 13a 13b 13c 13d 13e 131 13 15a 15b 15c 15d 15e 151 16a 16b 16c 16d 16e 17a 17b 17c 18 905. Form 1120S (2007) Z00040Fl EVERGREEN WATER CO Balance Sheets Assets 1 Cash . .................... 2 a 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 (alt. stml.) 7 Loans to shareholders ....... 8 Mortgage and real estate loans 9 Other investments (alt. stml. 10 a Buildings and other depreciable assets b Less accumulated depreciation 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 (atl. stml.) ....... ............ ... 15 Total assets ....... .................... ...... . liabilities and Shareholders'. Equity Accounts payable ................................. 82-0340906 Page 4 Mortgages, notes, bonds payable in less than i year Other current liabilities (atl. stml. Loans from shareholders 31,434. Mort?ages, notes, bonds payable in 1 year or more Other liabilities (atl. stml. Capital stock ............ Additional paid-in capital Retained earnings ....... 70 010. 44,800. -:131,618.:: Adjustments to shareholders' equity (atl. stmt) . Less cost of treasury stock 1 Net income (loss) per books .............. .905.5 Income recorded on books this year not 2 Income included on SChedule K, lines 1, 2, 3c, 4, Sa,included on Schedule K, lines 1 through 6, 7, 8a, 9, and 10, not recorded on books this year 10 (itemize): (itemize):a Tax-exempt interest $ 3 Expenses recorded on books this year not 6 Deductions included on Schedule K, lines 1 included on Schedule K, lines 1 through 12 through 12 and 141, not charged against and 141 (itemize):book income this year (itemize): a Depreciation $a Depreciation $ b Travel and entertainment $ 7 Add lines 5 and 6 .......... 4 Add lines 1 throuoh 3 ............905.8 Income (loss) (Schedule Kline 18). Line 4 less line 7 905. 13 721. Reconcilation of Income (Loss) per Books With Income (Loss) per Return Note: Schedule M-3 required instead of Schedule M-1 if total assets are $10 million or more - see instructions 14 626. 1 Balance at beginning oflax year .... ............... 2 Ordinary income from page 1, line 21 . ...................... ..... 3 Other additions ...... ........ . . ...... .... 4 Loss from page 1, line 21 ............................... 5 Other reductions ........................................ .................. 6 Combine lines 1 through 5 ...... ..... ..... .. .......... .._ .... .......... 7 Distributions other than dividend distributions 8 Balance at end of tax ear. Subtract line 7 from line 6 ~¿W17 JWA12460226 759203 Z00040F 2007.04010 (c) Shareholders' undistnbuted taxable income previously taxed -:103,778. 905.::: -:102,873. -:102 873. -:28 4 EVERGREEN WATER CO Form 1120S (2007) Z00040F1 20 0 7 D E P R E C I A T I O N A N D A M O R T I Z A T I O N R E P O R T OT H E R D E P R E C I A T I O N OT H E R As s e t No . De s c r i p t i o n Da t e Ac q u i r e d I M e t h o d Li f e Li n e No . Un a d j u s t e d Co s t O r B a s i s . Bu s % I R e d u c t i o n I n Ex c l B a s i s Ba s i s F o r De p r e c i a t i o n Ac c u m u l a t e d De p r e c i a t i o n Cu r r e n t Se c 1 7 9 Cu r r e n t Y e a r De d u c t i o n 72 8 1 0 2 04 - 2 7 - 0 7 (D ) - A s s e t d i s p o s e d · I T C ; S e c t i o n 1 7 9 , S a l v a g e , B o n u s ; C o m m e r c i a l R e v i t a l i z a t i o n D e d u c t i o n , G O Z o n e 4. 1 " I- EVERGREEN WATER CO 82-0340906 FORM 1120S TAXES AND LICENSES STATEMENT 1 DESCRIPTION AMOUNT TAXES & LICENSES IDAHO TAXES - BASED ON INCOME 236. 20. TOTAL TO FORM 1120S, PAGE 1, LINE 12 256. FORM 1120S OTHER DEDUCTIONS STATEMENT 2 DESCRIPTION AMOUNT WATER TESTS CHEMICALS POSTAGE FEES AND LICENSES PROFESSIONAL FEES UTILITIES PROFESSIONAL EDUCATION MISC 897. 458. 120. 505. 330.1,114. 100.10. TOTAL TO FORM 1 120S, PAGE 1, LINE 19 3,534. SCHEDULE L ANALYSIS OF TOTAL RETAINED EARNINGS PER BOOKS STATEMENT 3 DESCRIPTION AMOUNT BALANCE AT BEGINNING OF YEAR NET INCOME PER BOOKS DISTRIBUTIONS OTHER INCREASES (DECREASES) ":132,523.:: 905. O. BALANCE AT END OF YEAR - SCHEDULE L, LINE 24, COLUMN (D)..131,618.:: 15580303 759203 Z00040F 5 STATEMENT ( S) 1, 2, 3 2007.04030 EVERGREEN WATER CO Z00040F1 4/6/2008 Pa 1 Trans by Ca All Acunts 1/1/2oo71brough 12/31/2007 Num Date Payee Category Amount inc ea Inc 1/18/2007 693.90 1/25/2007 462.60 3/15/2007 92.52 3/27/2007 188.78 5/10/2007 891.88 6/7/2007 48.89 6/18/2007 257.13 7/27/2007 746.77 8/2/2007 530.68 8/8/2007 236.20 9/10/2007 44.16 11/12/2007 821.88 11/12/2007 311.86 11/26/2007 477.63 12/28/2007 332.45 Total Income - Unassigned 6,974.33 Total Income Categories 6,974.33 Ex ea ACCOUNTNG 1171 1/24/2007 RENEE lEWiS ACCNTNG (165.00) 1020 11/26/2007 RENEE lEWIS ACCNTNG (165.00) Total ACCOUNTING (330.00) Bills EIe 1170 1/24/2007 AvisrA Bills : Elecit (85.92) 1173 2/23/2007 AVisrA Bils : Elecriit (73.72) 1177 4/30/2007 AVlsrA Bills : Eleicit (128.23) 1181 6/6/2007 AVlsrA Bils : Eleriit (84.43) 1185 6/18/2007 AvisrA Bills : ElecCi (105.18) 1002 7/23/2007 AvisrA Bills : Elcit (12.00) 1007 9/10/2007 AVlsrA Bils : Elecicity (338.92) 1010 9/24/2007 AvisrA Bills : Elericit (150.08) 1016 10/23/2007 AvisrA Bils : Eleit (76.69) 1019 11/26/2007 AvisrA Bills : Elec (59.32) (1,114.49) Total Bills (1,114.49) CHEMICALS 1174 3/12/2007 FILTRTION TECH CHEMICA (174.18) 100 8/1/2007 RCWORS CHEMICALS (109.18) 1021 12/10/2007 FILTRTION TECH CHEMICA (174.18) Total CHEMICALS (457.54) COMPENSATION 1026 12/31/2007 ARLO SLACK COMPENSATION (400.00) 4/6/200 Pa 2 Transct by Ca All Acunts 1/1/2007 Throh 12/31/2007 Num Date Payee Category Amount 1028 12/31/2007 MICHEll SLACK COMPENSATION (400.00) Total COMPENSATION (800.00) COMPUTR RENTAL 1027 12/31/2007 MICHEll SLACK COMP\R REAL (100.00) Total COMPUTR RENTAL (100.00) DUES 1006 8/13/2007 IDAHO RURA WATER DUES (230.00) Total DUES (230.00) EductioEducti - Unane 100 9/10/2007 IDAH RURA WATER Educati (100.00) (100.00) Total Education (100.00) ONE CALL SERVICE 1182 6/6/2007 PASSWORD ONE CALL SERVICE (1,46) 1003 7/23/2007 PASSWORD ONE CA SERVICE (4.38) 1015 10/20/2007 PASORD ONE CALL SERVICE (4.38) Total ONE CALL SERVICE (10.22) OPERATORS LISENCE 1012 9/24/2007 BURE OF LISENæS OPERATORS LISENCE (45.00) Total OPERATORS LISENCE (45.00) POSTAGE 1172 1/23/2007 POSTASR POSTAGE (39.00) 1179 4/30/2007 PO POAGE (39.00) 1017 10/23/2007 POSTASR POAGE (41.70) Total POSTAGE (119.70) REGULATORY FEE 1178 4/30/2007 IPU REGULATORY FEE (50.00) 1011 9/24/2007 DEQ REGULATORY FEE (180.00) Total REGULATORY FEE (230.00) REPAIRS 1005 8/13/2007 HUGHES HOME CENTR REPAIRS (7.68) 1009 9/24/2007 SMCONCRET REPAIRS (1,07216) Total REPAIRS (1,079.84) TaxesRel Es Tax 1183 6/18/2007 BENEWAH COUNT Taxes : Real Este Taxes (118,41) 1022 12/17/2007 BENEWAH COUNT Taxes : Real Este Taxes (117.82) 4/6/200 Trans by Ca All Accøunts 1/1/2007l1rough 12/31/2007 Num Date Payee State Inco Tax 1176 4/12/2007 STAlE TAX COMMISION Total Taxes Water te 1169 1175 1180 1001 1013 1014 1018 1/9/2007 3/12/2007 6/6/2007 7/23/2007 10/4/2007 10/20/2007 11/16/2007 Grand Total Total Expense categories Total Water tests SV ANALYTCA SV ANALYTCAL SVL ANALYTCAL SVL ANALYTCAL SVL ANALYTCA SVL ANALYTCAL SVL ANALYTCA category Taxes : State Incøme Tax Watr te Water te Water te Wate tes Water te Water te Water te Pa 3 Amount (236.23) (20.00) (20.00) (256.23) (42.00) (90.00) (105.00) (30.00) (145.00) (355.00) (130.00) (897.00) (5,770.02) 1,204.31