2000Annual Report.pdf

ANNUAL REPORT
OF
PACKSADDLE ESTATES WATER CORPORATION
NAME
P.O.BOX 269 113 CENWRAL STREET TETONIA,IDAHO 83452
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2000
ANNUAL REPORTFOR WATER UTILITIESTOTHEIDAHOPUBLICUTILITIESCOMMISSION
FOR THE YEAR ENDING 2000
COMPANYINFORMATION
1 Give full name of utility PACKSADDLE ESTATES WATER CORPORATION
2 Date of Organization FEBRUARY 1,1996
3 Organized under the laws of the state of IDAHO
4 Address of Principal Office (number&street)113 CENTRAL >STREET
5 P.O.Box (if applicable)269
6 City TETONIA
7 State IDAHO
8 Zip Code 83452
9 Organization(proprietor,partnership,corp.)CORPORATION
10 Towns,Counties served PACKSADDLE ESTATES SUBDIVISION-TETON COUNTY
11 Are there any affiliated companies?NONE
If yes,attach a list with names,addresses &descriptions.Explain any services
provided to the utility.
12 Contact Information Name Phone No.President (Owner)EARL BAINBRIDGE 208-456-2236
Vice President JUANITA BAINBRIDGE 208-456-2236
Secretary REA FULLMER 208-456-2301
General Manager REA FULLMER 208-456-2301
Complaintsor Billing REA FULLMER 208-456-2301
Engineering BENTON 208-522-8033
EmergencyService NITA BAINBRIDGE 208-456-2236
Accounting WILLIAM B MOULTON 208-354-2929
13 Were any water systems acquired during the year or any additions/deletions made
to the service area duringthe year?NONE
If yes,attach a list with names,addresses &descriptions.Explain any servicesprovidedtotheutility.
14 Where are the Company'sbooks and records kept?
Street Address 113 CENTRAL STREET
City TETONIA
State IDAHO
Zip 83452
Rev7/99 Page 1
NAME:PACKSADDLE ESTATES WATER CORPORATION
COMPANY INFORMATION(Cont.)
For the Year Ended 200()
15 Is the system operated or maintained under a
service contract?NA
16 If yes:With whom is the contract?
When does the contract expire?
What sentices and rates are included?
17 Is water purchased for resale through the system?
18 ff 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 EnvironmentalQuality?NO
If yes,attach full explanation
20 Has the Idaho Divisionof EnvironmentalQuality NOrecommendedanyimprovements?
If yes,attach full explanation
21 Number of Complaintsreceived during year concerning:
Quality of Service 0
High Bills O
Disconnection 0
22 Numberof Customers involuntarilydisconnected NONE
23 Date customers last received a copy of the Summary JUNE 2,2000ofRulesrequiredbyIDAPA31.21.01.701?
Attach a copy of the Summary
24 Did significant additions or retirementsfrom the
Plant Accounts occur during the year?NO
If yes,attach full explanation
and an updated system map
Rev7/99 Page 2
NAME:PACKSADDLE ESTATES WATER CORPORATION
REVENUE &EXPENSE DETAIL
For the Year Ended 2000ACCT#DESCRIPTION
400 REVENUES
1 460 UnmeteredWater Revenue 1 1 ,9 6 3 .9 2
2 461.1 Metered Sales -Residential NA
3 461.2 MeteredSales -Commercial,Industrial NA
4 462 Fire Protection Revenue NA
5 464 Other Water Sales Revenue NA
6 465 IrrigationSales Revenue NA
7 466 Sales for Resale NA
8 400 Total Revenue(Add Lines 1 -7)11 ,9 6 3 .9 2(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separatelyto customers NA Booked to Acct #
10 **Hookupor ConnectionFees Collected 8 60 .00 Booked to Acct #P-water acct .
11 ***CommissionApproved SurchargesCollected Booked to Acct #
401 OPERATING EXPENSES
12 601.1-6 Labor -Operation&Maintenance 1 ,5 20 .0 0
13 601.7 Labor -CustomerAccounts 1 ,1 34 .OO
14 601.8 Labor -Administrative&General
15 603 Salaries,Officers&Directors
16 604 Employee Pensions &Benefits
17 610 Purchased Water
18 615-16 Purchased Power &Fuel for Power 1 ,90 3 .8 8
19 618 Chemicals
20 620.1-6 Materials &Supplies -Operation &Maint.7 2 0 .6 1
21 620.7-8 Materials &Supplies -Administrative &General 3 3 1 .7 2
22 631-34 Contract Services -Professional
23 635 Contract Services-Water Testing 178 .0 0
24 636 Contract Services -Other ACCOUNTING 400 .00
25 641-42 Rentals-Property &Equipment
26 650 Transportation Expense 449 .0 2
27 656-59 Insurance 5 8 9 .0 0
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm.Exp.(Other except taxes)2 5 .00
31 670 Bad Debt Expense
32 675 Miscellaneous 00
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)32300
Rev7/99 Page 3
Name:PACKSADDLE ESTATES WATER CORPORATION
INCOME STATEMENT
For Year Ended 2000
ACCT #DESCRIPTION
1 Revenue(From Page 3,line 8)11 ,9 6 3 .9 2
2 Operating Expenses (From Page 3,line 33)3 13 16
3 403 DepreciationExpense 697 OO
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other 1 9 ¶À
6 408.10 RegulatoryFees (PUC)50 .00
7 408.11 PropertyTaxes 718 .04
8 408.12 Payroll Taxes O .6 (
9A 408.13 Other Taxes (list)DEQ Fees 2 5 .0 0
9B
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes
12 410.10 Provision for Deferred Income Tax -Federal
13 410.11 Provision for Deferred Income Tax -State
14 411 Provisionfor DeferredUtility Income Tax Credits
15 412 InvestmentTax Credits -Utility
16 Total Expenses from operations before interest (add lines 2-15)I Ûâh6
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 Allowancefor Funds used During Construction
24 421 MiscellaneousNon-Utility Income
25 426 MiscellaneousNon-UtilityExpense
26 408.20 Other Taxes,Non-Utility Operations
27 409-20 Income Taxes,Non-UtilityOperations
28 Net Non-UtilityIncome (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:
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended
Balance Added Removed BalanceSUBBeginningDuringDuringEndofACCT#DESCRIPTION of Year Year Year Year
1 301 Organization L/Û
2 302 Franchises and Consents
3 303 Land &Land Rights
4 304 Structures and Improvements
5 305 Collecting&Impounding Resentoirs
6 306 Lake,River&Other Intakes
7 307 Wells
8 308 Infiltration Galleries &Tunnels
9 309 Supply Mains
10 310 Power Generation Equipment
11 311 Power Pumping Equipment
12 320 PurificationSystems
13 330 DistributionReservoirs &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 Laboratory Equipment
25 345 Power Operated Equipment
26 346 CommunicationsEquipment
27 347 MiscellaneousEquipment 29
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
19ame:
ACCUMULATED DEPRECIATIONACCOUNT 108.1 DETAIL
For Year Ended 9,0ÛÛ
Depreciation Balance Balance IncreaseSUBRateBeginningEndoforACCT#DESCRIPTION %of Year Year (Decrease)
1 304 Structures and Improvements
2 305 Collecting &ImpoundingReservoirs
3 306 Lake,River &Other Intakes
4 307 Wells \$1 34¾
5 308 InfiltrationGalleries &Tunnels
6 309 Supply Mains
7 310 PowerGenerationEquipment
8 311 Power Pumping Equipment
9 320 PurificationSystems
10 330 Distribution Reservoirs&Standpipes
11 331 Trans.&Distrib.Mains &Accessories
12 333 Services
13 334 Meters and Meter Installations Ì Oß
14 335 Hydrants
15 336 Backflow Prevention Devices
16 339 Other Plant &Misc.Equipment
17 340 Office Furniture and Equipment
18 341 Transportation Equipment
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment
21 344 LaboratoryEquipment
22 345 Power Operated Equipment
23 346 CommunicationsEquipment
24 347 MiscellaneousEquipment
25 348 Other Tangible Property Ë0 Q 3(pl
26 TOTALS (Add Lines 1 -25)9 (p'l'
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 orACCT#DESCRIPTION of Year Year (Decrease)
1 101 Utility Plant in Service (From Pg 5,Line 29)
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)4 9 5
8 108.2 Accum.Depr.-Utility Plant Lease to Others
9 108.3 Accum.Depr.-Property Held for Future Use
10 110.1 Accum.Amort.-Utility Plant in Service
11 110.2 Accum.Amort.-Utility Plant Lease to Others
12 115 AccumulatedAmortization-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 PreliminarySurvey &InvestigationCharges
29 184 DeferredRate Case Expenses
30 186 Other Deferred Charges
31 Total Assets (Add lines 13,16 &26 -30)57
Rev7/99 Page 7
Name:
BALANCE SHEET
For Year Ended
LIABILITIES &CAPITAL Balance Balance Increase
Beginning End of orACCT#DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock 1 3 Ÿ Q $T $
2 204-6 Preferred Stock
3 207-13 MiscellaneousCapitalAccounts
4 214 AppropriatedRetained Earnings
5 215 UnappropriatedRetained Earnings 16 3 9 6 26216ReacquiredCapitalStock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)
9 221-2 Bonds
10 223 Advancesfrom 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&DividendsPayable
20 241 Misc.Current&Accrued Liabilities
21 251 UnamortizedDebt Premium
22 252 Advances for Construction
23 253 Other DeferredLiabilities
24 255.1 Accumulated Investment Tax 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 Income Taxes
30 Total Liabilities (Add lines 9 -29
31 TOTAL LIAB &CAPITAL (Add lines 8 &30)31 1 Ÿ**Only if Commission Approved
Rev7/99 Page 8
Name:
STATEMENTOF RETAINEDEARNINGS
For Year Ended
1 Retained Earnings Balance @ Beginningof Year
2 Amount Added from Current Year Income (From Pg 4,Line 32)
3 Other Credits to Account
4 DividendsPaid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
No.Shares No.Shares Dividends
7 Description(Class,Par Value etc.)Authorized Outstanding Paid
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Rev7/99 Page 9
Name:PACKSADDLE ESTATES WATER CORPORATTON
SYSTEM ENGINEERINGDATA
ForYearEnded 2000
1 Provide an updatedsystem map if significant changes have 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 Designation or location (gpm)Filter etc.)(000's Gal.)Surface Wtr)
LOT 63 70 NONE 6389200 WELLLOT6335NONEWELL
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated,Pres-(Wood,SteelStorageDesignationorLocationGal.Gal.urized,Boosted)Concrete)
LOT 63 88,000 88,000 ELEVATED CONCRETE
some
PRESSURIE 2D
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
Rev7/99 Page 10
Name:PACKSADDLE ESTATES WATER CORPORATION
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 2000
4 Pump informationfor ALL system pumps,including wells and boosters.
Rated Discharge EnergyDesignationorLocationHorseCapacityPressureUsed
&Type of Pump**Power (gpm)(psi)This YearLOT6310hp7023839KWHLOT635hp|35 -0-
**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 pumped during peak month?
What was the total amount pumpedon the peak day?
6 If customers are metered,what was the total amount sold in peak month?NOT METERED
7 Was your system designed to supply fire flows?NO
If Yes:What is current system rating?
8 How many times were meters read this year?
During which months?
9 How many additionalcustomers could be servedwith no system improvements APPROX 66exceptaservicelineandmeter?
How many of those potential additions are vacant lots?APPROX 62
10 Are backbone plant additions anticipatedduring the coming year?If Yes,attach an explanation of projects and anticipated costs!
11 In what year do you anticipate that the system capacity (supply,storage or distribution)will have to be expanded?DONT KNOW IF IT
WILL HAVE TO BE.
Rev7/99 Page 11
Name:PACKSADDLE ESTATES WATER CORPORATION
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 2000
FEET OF MAINS
In Use Installed Abandoned in Use
1 Pipe Beginning During During End ofSizeOfYearYearYearYear
I6"-4"-3"-2"APPROXIMATE 20,000 ft.NONE NONE APPROXIMATE20,000 ft.
CUSTOMERSTATISTICS
Numberof Customers Thousands of Gallons Sold
This Last This LastYearYearYearYear2Metered:
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:30 regula :28
5 seasonal3AResidentialCLOSERS.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)30 28
Rev7/99 Page 12
CERTIFICATE
State of Idaho )
)ss
County of )
WE,the undersigned EARL BAINBRIDGE
and REA FULLMER
of the PACKSADDLE ESTATES WATER CORPORATION
utility,on our oath do severally 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 therin set forth,to the best of our
knowledge,information and belief.
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me ..seœ,,,
NOTARY PUBLIC
My Commission Expires f $2 2005
gdklexcel/jnelsonlanulrpts/wtrannuairpt
Rev7/99 Page 13