2001Annual Report.pdf

ANNUAL REPØRT
OF
RICKEL WATER COgu[y
NAME
5408 E Rickel Ranch Road,Athol,ID 83835
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED December 31,2001
DATE:April 27,2002
TO:Bob Smith,Idaho Public Utilities Commission
FROM:Susan JacobsronC,Boopkakeeper
ME MO
Here is the Annual Report for Water Utilities (hard copy and on disk)for the Rickel
Water Company for 2001.I made the following assumptions:
1.I separated the Additional Paid-in Capital from the Contributions in Aid of
Construction.After reviewing the "instruction booklet"you sent me,I believe
that this amount should have been classified as line 211,not 271.
2.I corrected the typographical error on the 2001 beginning balances for the
ASSETS portion of the balance sheet.The total should have been $145,727
($134,718+$11,009).I then adjusted the Accum Amort of Contrib in Aid of
Construction to balance (adjustment $1,449 +$144,278 =$145,727 Total Liab's
&Equity)reducing last year's amount of $11,290 to $9,841).
3.I added current depreciation to the beginning balances for 2001 to get the ending
Accumulated Depr for 2001.Is there a schedule for how these assets should be
depreciated including the useful lives?It seems that some of the assets have
been expensed somewhere along the line and I would like to know the rules for
the rest so I can generate a schedule to support the numbers being used.
4.I assumed that the hookup charges would be Contributions in Aid of Construction
for the old line.I added the $12,000 for 2001 to the beginning balance and
obtained the ending balance.I calculated the Accum Amort of Contrib in Aid of
Construction as the balancing figure for 2001.Not very scientific,but the best I
could come up with until I can get a better handle on what makes up the
Contributions in Aid of Construction so I can decide how it amortizes.
Thanks so much for your patience and help on this report!!How much do I owe you for
the copy of the instruction booklet??It says $15 on the front cover.
Please feel free to contact me with any questions/suggestions/comments at (509)892-
6440 or [phone] (cell).
ANNUAL REPORTFOR WATER UTILITIESTO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 2001
COMPANY INFORMATION
1 Give full name of utility Rickel Water Company
2 Date of Organization 4/13/1995
3 Organizedunder the laws of the state of Idaho
4 Address of Principal Office (number &street)5408 Rickel Ranch Road
5 P.O.Box (if applicable)
6 City Athol
7 State Idaho
8 Zip Code 83801
9 Organization (proprietor,partnership,corp.)Corporation
10 Towns,Counties served Kootenai County
11 Are there any affiliated companies?No
If yes,attach a list with names,addresses &descriptions.Explain any services
provided to the utility.
12 Contact Information Name Phone No.
President (Owner)Ken Rickel 208-772-3685
Vice President Jerry Rickel 509-582-4940
Secretary Cathy Rickel 208-772-3685
GeneralManager Ken Rickel 208-772-3685
Complaintsor Billing Cathy Rickel 208-772-3685
Engineering Empire Surveying 208-772-8581
Emergency Service Ken Rickel 208-772-3685
Accounting Susan Jacobson 509-892-6440
13 Were any water systems acquired duringthe year or any additions/deletionsmade
to the service area during the year?No
If yes,attach a list with names,addresses &descriptions.Explain any services
provided to the utility.
14 Where are the Company'sbooks and records kept?
Street Address 5408 E Rickel Ranch Road
City Athol
State Idaho
Zip 83835
Rev 8/01
NAME:Rickel Water Company
COMPANY INFORMATION(Cont.)
For the Year Ended 2001
15 Is the system operated or maintained undera
service contract?No
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?Yes
18 If yes:Name of Organization Bitterroot Water Company
Name of owner or operator Jeff Cusick
Mailing Address PO Box 1527
City Coeur d'Alene
State Idaho
Zip 83835
Gallons/CCF $Amount
Water Purchased 1,367,440 $410.23
19 Has any system(s)been disapprovedby the
Idaho Departmentof EnvironmentalQuality?No
If yes,attach full explanation
20 Has the Idaho Departmentof EnvironmentalQuality
recommended any improvements?No
If yes,attach full explanation
21 Number of Complaints received during year concerning:
Quality of Service 0
High Bills 0
Disconnection 0
22 Number of Customers involuntarilydisconnected 0
23 Date customers last receiveda copy of the Summary
of Rules requiredby IDAPA 31.21.01.701?1/10/1999
Attach a copy of the Summary
24 Did significantadditions or retirementsfrom the
Plant Accounts occur during the year?No
If yes,attach full explanation
and an updated system map
Rev 8/01
NAME:Rickel Water Company
REVENUE &EXPENSEDETAIL
For the Year Ended 2001
ACCT #DESCRIPTION
400 REVENUES
1 460 UnmeteredWater Revenue
2 461.1 Metered Sales -Residential $6,071
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)$6,071
(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separatelyto customers Booked to Acct #
10 **Hookup or Connection Fees Collected $12,000 Booked to Acct 460.1
11 ***Commission Approved Surcharges Collected Booked to Acct #
401 OPERATING EXPENSES
12 601.1-6 Labor -Operation &Maintenance
13 601.7 Labor -CustomerAccounts
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 $545
19 618 Chemicals
20 620.1-6 Materials &Supplies-Operation&Maint.$6,004
21 620.7-8 Materials &Supplies-Administrative &General $127
22 631-34 ContractServices-Professional
23 635 ContractServices-Water Testing
24 636 Contract Services-Other $1,200
25 641-42 Rentals -Property &Equipment
26 650 TransportationExpense
27 656-59 Insurance $602
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 RegulatoryComm.Exp.(Other except taxes)$50
31 670 Bad Debt Expense
32 675 Miscellaneous $869
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)$9,397
Rev 8/01
Name:Rickel Water Company
INCOME STATEMENT
For Year Ended 2001
ACCT #DESCRIPTION
1 Revenue (From Page 3,line 8)$6,071
2 Operating Expenses (From Page 3,line 33)$9,397
3 403 DepreciationExpense $7,632.
4 406 Amortization,Utility Plant AquisitionAdj.
5 407 Amortization Exp.-Other $139
6 408.10 RegulatoryFees (PUC)
7 408.11 Property Taxes $883
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list)DEQ Fees
9B
9C
9D
10 409.10 Federal IncomeTaxes
11 409.11 State Income Taxes $20
12 410.10 Provisionfor DeferredIncome Tax -Federal
13 410.11 Provisionfor DeferredIncomeTax -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)$18,071
17 413 Income From Utility Plant Leased to Others
18 414 Gains (Losses)From Disposition of Utility Plant
19 Net Operating Income (Add lines 1,17 &18 less line 16)$(12,000)
20 415 Revenues,MerchandizingJobbingand ContractWork
21 416 Expenses,Merchandizing,Jobbing &Contracts
22 419 Interest &DividendIncome
23 420 Allowance for Funds used During Construction
24 421 MiscellaneousNon-Utility Income
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes,Non-Utility Operations
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)$-
29 Gross Income (add lines 19 &28)$(12,000)
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)$(12,000)
Rev 8/01
Name:Rickel Water Company
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 2001
Balance Added Removed Balance
SUB Beginning During During End of
ACCT #DESCRIPTION of Year Year Year Year
1 301 Organization $2,098 $2,098
2 302 Franchises and Consents $-
3 303 Land &Land Rights $5,094 $5,094
4 304 Structures and Improvements $11,233 $11,233
5 305 Collecting &ImpoundingReservoirs $-
6 306 Lake,River &Other Intakes $-
7 307 Wells $54,380 $54,380
8 308 InfiltrationGalleries &Tunnels $-
9 309 Supply Mains $
10 310 Power Generation Equipment $-
11 311 Power Pumping Equipment $7,040 $7,040
12 320 Purification Systems $-
13 330 Distribution Reservoirs&Standpipes $-
14 331 Trans.&Distrib.Mains &Accessories $68,680 $8,202 $5,184 $71,698
15 333 Services $
16 334 Meters and Meter Installations $6,389 $6,389
17 335 Hydrants $-
18 336 Backflow Prevention Devices $
19 339 Other Plant &Misc.Equipment $-
20 340 Office Furniture and Equipment $950 $950
21 341 TransportationEquipment $-
22 342 Stores Equipment $-
23 343 Tools,Shop and Garage Equipment $-
24 344 Laboratory Equipment $-
25 345 PowerOperated Equipment $-
26 346 CommunicationsEquipment $-
27 347 MiscellaneousEquipment $
28 348 Other Tangible Property $-
29 TOTAL PLANT IN SERVICE $155,864 $8,202 $5,184 $158,882
(Add lines 1 -28)Enter beginning&end of year totals on Pg 7,Line 1
Rev 8/01
Name:Rickel Water Company
ACCUMULATED DEPRECIATIONACCOUNT 108.1 DETAIL
For Year Ended 2001
Depreciation Balance Balance Increase
SUB Rate Beginning End of or
ACCT #DESCRIPTION %of Year Year (Decrease)
1 304 Structures and Improvements 5.76%$1,360 $2,007 $647
2 305 Collecting&Impounding Reservoirs $-
3 306 Lake,River &Other Intakes $-
4 307 Wells 4.97%$10,273 $12,976 $2,703
5 308 Infiltration Galleries &Tunnels $-
6 309 Supply Mains $-
7 310 Power Generation Equipment $-
8 311 Power Pumping Equipment 4.39%$1,072 $1,381 $309
9 320 Purification Systems $-
10 330 Distribution Reservoirs &Standpipes $-
11 331 Trans.&Distrib.Mains &Accessories 4.89%$6,778 $10,285 $3,507
12 333 Services $-
13 334 Meters and Meter Installations 4.45%$689 $973 $284
14 335 Hydrants $-
15 336 Backflow PreventionDevices $-
16 339 Other Plant &Misc.Equipment $-
17 340 Office Furnitureand Equipment 19.16%$192 $374 $182
18 341 TransportationEquipment $-
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 $-
26 TOTALS (Add Lines 1 -25)$20,364 $27,996 $7,632
Enter beginning&end of year totals on Pg 7,Line 7
Rev 8/01
Name:Rickel Water Company
BALANCE SHEET
For Year Ended 2001
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)$155,864 $158,882 $3,018
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)$155,864 $158,882 $3,018
7 108.1 Accumulated Depreciation(From Pg 6,Line 26)$20,364 $27,996 $7,632
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 $782 $921 $139
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)$134,718 $129,965 $(4,753)
14 123 Investment in Subsidiaries $-
15 125 Other Investments $-
16 Total Investments (Add lines 14 &15)$-
17 131 Cash $10,583 $15,602 $5,019
18 135 Short Term Investments $-
19 141 Accts/Notes Receivable-Customers $90 $90
20 142 Other Receivables $-
21 145 Receivablesfrom Associated Companies $-
22 151 Materials &Supplies Inventory $-
23 162 Prepaid Expenses $426 $(426)
24 173 Unbilled (Accrued)Utility Revenue $-
25 143 Provisionfor UncollectableAccounts $-
26 Total Current (Add lines 17 -24 less line 25)$11,009 $15,692 $4,683
27 181 UnamortizedDebt Discount &Expense $-
28 183 PreliminarySurvey &InvestigationCharges $-
29 184 Deferred Rate Case Expenses $-
30 186 Other DeferredCharges $-
31 Total Assets (Add lines 13,16 &26 -30)$145,727 $145,656 $(71)
Rev 8/01
Name:Rickel Water Company
BALANCE SHEET
For Year Ended 2001
LIABILITIES &CAPITAL Balance Balance Increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
I I
1 201-3 Common Stock $68,430 $68,430 $0
2 204-6 Preferred Stock I $-
3 207-13 MiscellaneousCapital Accounts $34,750 $39,750 $5,000
4 214 Appropriated Retained Earnings $-
5 215 UnappropriatedRetained Earnings $(44,999)$(56,999)$(12,000)
6 216 ReacquiredCapital Stock $-
7 218 ProprietaryCapital $-
8 Total Equity Capital (Add Lines 1-5+7 less line 6)$58,181 $51,181 $(7,000)
9 221-2 Bonds $-
10 223 Advances from Associated Companies $-
11 224 Other Long -Term Debt $-
12 231 Accounts Payable $96 $294 $198
13 232 Notes Payable $30,817 $30,817 $-
14 233 Accounts Payable -Associated Companies $-
15 235 Customer Deposits (Refundable)$-
16 236.11 Accrued Other Taxes Payable $20 $(20)
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 InvestmentTax Credits -Utility $-
25 255.2 Accum.InvestmentTax Credits -Non-Utility $-
26 261-5 Operating Reserves $-
27 271 Contributionsin Aid of Construction $66,455 $78,455 $12,000
28 272 Accum.Amort.of Contrib.in Aid of Const.**$(9,842)$(15,091)$(5,249)
29 281-3 Accumulated Deferred Income Taxes $-
30 Total Liabilities (Add lines 9 -29 $87,546 $94,475 $6,929
31 TOTAL LIAB &CAPITAL (Add lines 8 &30)$145,727 $145,656 $(71)
**Only if Commission Approved
Rev 8/01
Name:Rickel Water Company
STATEMENTOF RETAINEDEARNINGS
For Year Ended 2001
1 RetainedEarnings Balance @ Beginningof Year $(44,999)
2 Amount Added from Current Year Income (From Pg 4,Line 32)$(12,000)
3 Other Credits to Account
4 DividendsPaid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year $(56,999)
CAPITAL STOCK DETAIL
No.Shares No.Shares Dividends
7 Description (Class,Par Value etc.)Authorized Outstanding Paid
Common,no par value 109,336 109,336 0
DETAIL OF LONG-TERMDEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Note Payable K &C Rickel $30,817 $0 $0
Rev 8/01
Name:Rickel Water Company
SYSTEM ENGINEERINGDATA
For Year Ended 2001
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 Designationor location (gpm)Filter etc.)(000's Gal.)SurfaceWtr)
1.5 Miles West on Brunner Road 125 None Well
from Highway 95,north side of
road,before railroad tracks
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated,Pres-(Wood,Steel
Storage Designationor Location Gal.Gal.urized,Boosted)Concrete)
1.5 Miles West on Brunner Road 2000 $2,000 Pressure Steel
from Highway 95,north side of
road,before railroad tracks
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
Rev 8/01
Name:Rickel Water Company
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 2001
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
1.5 Miles West on Brunner Road
from Highway 95,north side of
road,before railroad tracks
Franklin Motor 25 125 60 10,757 KW
**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?2,137,900
What was the total amount pumped during peak month?1,267,000
What was the total amount pumped on the peak day?N/A
6 If customers are metered,what was the total amount sold in peak month?511,210
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?8
During which months?April,May,June,July,August,September,
October,November
9 How many additional customers could be served with no system improvements
except a service line and meter?21
How many of those potential additions are vacant lots?21
10 Are backboneplant additions anticipated during the coming year?NO
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?UNKNOWN
Rev 8/01
Name:Rickel Water Company
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 2001
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End of
Size Of Year Year Year Year
8"6,720 0 0 6,720
6"2,936 0 0 2,936
CUSTOMERSTATISTICS
Number of Customers Thousandsof Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential 15 15 2,747,265 1,695,270
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential
3B Commercial
3C Industrial
4 PrivateFire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal,Other
8 Other Water Utilities 1 1 758,075 7,142,529
TOTALS (Add lines 2 through 8)16 16 3,505,340 8,837,799
Rev 8/01
CERTIFICATE
State of Washington )
)ss
County of Spokane)
WE,the undersigned,Kenneth W.Rickel and Catherine L.Rickel,of the RICKEL WATER COMPANY,
utility,on our oath do severally say that the foregoing report has been prepared underour direction,
from the original books,papersand 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 Chargeof Accou s)
Subscribedand Sworn to Before Me
this ay of ..
NOTARYPUBLIC BLN I
My Commission Expires C (,L
gdklexcel/jnelsonlanulrpts/wtrannualrpt
Rev 8/01