2001Annual Report.pdf

ANNUAL REPORT
OF
PACKSADDLE ESTATES WATER CORP:
NAME
P.O.BOX 269
TETONIA,IDAHO 83452
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2001
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ANNUAL REPORT FOR WATER UTILITIES TOTHEIDAHOPUBUCUTILITIESCOMMISSIONFORTHEYEARENDINGNO1
COMPANYINFORMATION
1 Give full name of utility PACK SADDLE 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 8 3 4 5 2
9 Organization(proprietor,partnership,corp.)CORPORATION
10 Towns,Counties served PACKSADDLE ESTATES SUBDIVISION-TETON COUNT3
11 Are there any affiliated companies?NONE
if yes,attach a list with names,addresses &descriptions.Explain any services
providedto the utility.
12 Contact Information Name Phone No.
President (Owner)EARL BA INBRIDGE 208 -4 56-2 2 3 6
Vice President JUANITA BAINBRIDGE 208-456-2236
Secretary REA FULLMER 208-456-2301
General Manager REA FULLMER 208-456-2301
Complaintsor Billin9 REA FULLMER 208-456-2301
Engineering ·BENTON 208-522-8033
Emergency Service NITA BAINBRIDGE 208-456-2236
Accounting WILLIAM B MOULTON 208-354-2929
13 Were any water systems acquired during the year or any additions/deletionsmade
to the service area during the year?NONEIfyes,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 8 345 2
Rev 8/01 Page 1
NAME:PACKSADDLE ESTATES WATER CORP:
COMPANY INFORMATION(Cont.)
FortheYearEnded 200i e)
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 services and rates are included?
17 Is water purchasedfor resale through the system?NO
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 Departmentof EnvironmentalQuality?NO
If yes,attach full explanation
20 Has the Idaho Departmentof EnvironmentalQuality
recommendedany improvements?NO
If yes,attach full explanation
21 Numberof Complaints receivedduring year concerning:
Quality of Senrice 0
High Bills 0
Disconnection 0
22 Numberof Customersinvoluntarily disconnected 0
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?07/01/01
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
Rev 8/01
NAME:PACKSADDLE ESTATES WATER CORP:
REVENUE &EXPENSE DETAIL
For the Year Ended 200 1ACCT#DESCRIPTION
400 REVENUES
1 460 UnmeteredWater Revenue 1 2 ,2 5 3 .0 1
2 461.1 MeteredSales -Residential NA
3 461.2 Metered Sales -Commercial,Industrial NA
4 462 Fire Protection Revenue im
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)12,253,91(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separately to customers NA Booked to Acct #
10 **Hookup or Connection Fees Collected 0 Booked to Acct #
11 ***CommissionApproved Surcharges Collected NA Booked to Acct #
401 OPERATING EXPENSES
12 601.1-6 Labor -Operation &Maintenance 1 ,3 2 5 .OO
13 601.7 Labor-CustomerAccounts -1,144 .50
14 601.8 Labor -Administrative &General
15 603 Salaries,Officers &Directors 0
16 604 Employee Pensions &Benefits O
17 610 Purchased Water O
18 615-16 Purchased Power &Fuel for Power 3 ,397 .11
19 618 Chemicals O
20 620.1-6 Materials &Supplies -Operation &Maint.476 .49
21 620.7-8 Materials &Supplies -Administrative&General 3 14 .9 6
22 631-34 Contract Services -Professional re pa i rs 8 6 2 .O 1
23 635 ContractServices -Water Testing 37 3 .OO
24 636 ContractServices-Other Accounting 200.00
25 641-42 Rentals -Property &Equipment 0
26 650 Transportation Expense 5 4 5 .2 2
27 656-59 Insurance 3 8 3 .0 0
28 660 Advertising 0
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm.Exp.(Other except taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)9 ,O 2 1 .29
Rev 8/01
Name:PACKSADDLE ESTATES WATER CORP:
INCOMESTATEMENT
ForYearEnded 2001
ACCT #DESCRIPTION
1 Revenue (From Page 3,line 8)1 2 ,2 5 3 .0 1
2 Operating Expenses (From Page 3,line 33)9 ,O 2 1 .2 9
3 403 DepreciationExpense (T~/ØÜ
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other (p't..,Ñ
6 408.10 Regulatory Fees (PUC)50.00
7 408.11 Property Taxes
8 408.12 Payroll Taxes 2 3 1 .5 1
9A 408.13 Other Taxes (list)DEQ Fees 2 5 .O0
9B Idaho State Tax Commisssion 20.00
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 Provision for Deferred Utility Income Tax Credits
15 412 InvestmentTax Credits -Utility
16 Total Expenses from operations before 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 OperatingIncome (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 During Construction
24 421 MiscellaneousNon-Utility Income
25 426 MiscellaneousNon-Utility Expense
26 408.20 Other Taxes,Non-UtilityOperations
27 409-20 Income Taxes,Non-Utility Operations
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-TermDebt
31 427.5 Other Interest Charges
32 NET INCOME(Line 29 less lines 30 &31)(Also Enter on Pg 9,Line 2)(p
Rev 8/01
Name:PACKSADDLE ESTATES WATER CORPORATION:
ACCOUNT 101 PLANT IN SERVICEDETAIL
For Year Ended 2001
Balance Added Removed BalanceSUBBeginningDuringDuringEndofACCT#DESCRIPTION of Year Year Year Year
1 301 Organization
2 302 Franchises and Consents
3 303 Land &Land Rights
4 304 Structures and Improvements
5 305 Collecting &ImpoundingReservoirs
6 306 Lake,River &Other Intakes
7 307 Wells
8 308 InfiltrationGalleries &Tunnels
I9309SupplyMains
10 310 Power Generation Equipment
11 311 Power Pumping Equipment
12 320 Purification Systems
13 330 Distribution Reservoirs&Standpipes
14 331 Trans.&Distrib.Mains &Accessories
15 333 Services
16 334 Meters and Meter Installations ~'(6
17 335 Hydrants
18 336 Backflow Prevention Devices
19 339 Other Plant &Misc.Equipment
20 340 Office Furniture and Equipment
21 341 TransportationEquipment
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
28 348 Other Tangible Property
29 TOTAL PLANT IN SERVICE OG ]
(Add lines 1 -28)Enter beginning&end of year totals on Pg 7,Line 1
Rev 8/01
Name:packsariril PP f ater vator corp,
ACCUMULATED DEPRECIATIONACCOUNT 108.1 DETAIL
For Year Ended 2001
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 SL "(μ,C C L
5 308 InfiltrationGalleries &Tunnels
6 309 Supply Mains
7 310 Power Generation Equipment
8 311 Power Pumping Equipment ,5 L N S 8
9 320 PurificationSystems
10 330 DistributionReservoirs &Standpipes
11 331 Trans.&Distrib.Mains &Accessories
12 333 Services
13 334 Meters and Meter Installations L (pg
14 335 Hydrants
15 336 Backflow PreventionDevices
16 339 Other Plant &Misc.Equipment
17 340 Office Furnitureand Equipment
18 341 Transportation Equipment
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment
21 344 Laboratory Equipment
22 345 Power Operated Equipment
23 346 CommunicationsEquipment
24 347 Miscellaneous Equipment
25 348 Other Tangible Property
26 TOTALS (Add Lines 1 -25)g661
Enter beginning &end of year totals on Pg 7,Line 7
Rev 8/01
Name:PACKSADDLE BUTATES WATER CORP:
BALANCE SHEET
ForYearEnded @ 2001
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 AquisitionAdjustment
6 Subtotal (Add Lines 1 -5)
7 108.1 AccumulatedDepreciation(From Pg 6,Line 26)6 3 7 Î
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.190 p
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 Provisionfor UncollectableAccounts
26 Total Current (Add lines 17 -24 less line 25)
27 181 UnamortizedDebt Discount &Expense
28 183 PreliminarySurvey &Investigation Charges
29 184 DeferredRate Case Expenses
30 186 Other DeferredCharges
31 Total Assets (Add lines 13,16 &26 -30)0;Q(1 p
Rev 8/01
Name:PACKSADDLE ESTATES WATER CORP:
BALANCE SHEET
ForYearEnded 2001
LIABILITIES &CAPITAL Balance Balance Increase
Beginning End of orACCT#DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock 1 9 ()1
2 204-6 Preferred Stock
3 207-13 Miscellaneous Capital Accounts
4 214 Appropriated Retained Earnings
5 215 UnappropriatedRetained Earnings f(p ()'(p6
6 216 Reacquired Capital Stock
7 218 Proprietary Capital
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 Unamortized Debt Premium
22 252 Advances for Construction
23 253 Other Deferred Liabilities
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){p j'i (y |
**Only if Commission Approved
Rev 8/01
Name:PACKSADDLE BSTATES WATER CORP:
STATEMENTOF RETAINED EARNINGS
ForYearEnded 2001
i Retained Earnings Balance @ Beginningof Year (o 3
2 Amount Added from Current Year Income (From Pg 4,Line 32)(e
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributionsof Retained Earnings
6 Retained EarningsBalance @ End of Year BT Ò
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
Rev 8/01
Name:PACKSADDLE ESTATES WATER CORPORATION:
SYSTEM ENGINEERINGDATA
For Year Ended 2001
1 Provide an updated system map if significant changeshave been made to the system during the year.
2 Water Supply:Type of WaterTreatment:SupplyRated(None,Chlorine Annual Source
Capacity Fluoride Production (Well,Spring,Pump Designationor location (gpm)Filter etc.)(000's Gal.)Surface Wtr)
LOT 63 '70 NONE WELL
LOT 63 35 NONE WELL
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction000's 000's (Elevated,Pres-(Wood,SteelStorageDesignationorLocationGal.Gal.urized,Boosted)Concrete)
LOT 63 88,000 88,000 ELEVATED CONCRETE
some
PRESSURIZE J
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
Rev 8/01
Name:PACKSADDLE ESTATES WATER CORP:
SYSTEM ENGINEERINGDATA
(continued)
ForYearEnded 2001
4 Pump informationfor ALL system pumps,including wells and boosters.
Rated Discharge EnergyDesignationorLocationHorseCapacityPressureUsed&Type of Pump**Power (gpm)(psi)This Year
LOT 63 10hp 70 41451
LOT 63 5hp 35 0
**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?NA
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 additional customers could be served with no system improvementsexceptaservicelineandmeter?APPOX.66
How many of those potential additions are vacant lots?APPROX.62
10 Are backboneplant additions anticipated during the coming year?possiblyIfYes,attach an explanationof projects and anticipated costs!?3 ,000
11 In what year do you anticipate that the system capacity (supply,storage or distribution)Do not know ifwillhavetobeexpanded?
it will have to
be.
Rev 8/01
Name:PACKSADDLE ESTATES WATER CORP:
SYSTEM ENGINEERINGDATA
(continued)
ForYearEnded 2001
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End ofSizeOfYearYearYearYear
6"-4"-3"-2"APPROXIMATE 20,000 ft.NONE NONE Approx.20,0UU it.
CUSTOMERSTATISTICS
Numberof Customers Thousands of Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:NA
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:30 regular 30 R
3A Residential 4 seasonal 5 S.C.Cluset s &3B Commercial NA one han e
3C Industrial NA burned so 3
dont know low to figure it.
4 Private Fire Protection NA
5 Public Fire Protection NA
6 Street Sprinkling NA
7 Municipal,Other NA
8 OtherWater Utilities NA
TOTALS (Add lines 2 through 8)30 30
Rev 8/01
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 recordsof said utility;that we have carefully examinedsame,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.
(Õhief Offic r)
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
NOTARY PUBL!C
My Commission Expires i
gdklexcel/jnelson/anulrpts/wtrannualrpt
Rev 8/01