2002Annual Report.pdf

ANNUAL R EPORF=
OF
Âs Pen Creet Wa+er,Co ,
NAME
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED l2 -31 -0 &
ANNUAL REPORTFOR WATER UTILITIESTO
THE IDAHO PUBLIC UTILITIESCOMMISSION
FOR THE YEAR ENDING December31,2002
COMPANYINFORMATION
1 Givefull name of utility Aspen Creek Water Company,Inc.
2 Date of Organization 12/28/99
3 Organized under the laws of the state of Idaho
4 Address of Principal Office (number&street)10 S.Bear Lake Blvd.
5 P.O.Box (if applicable)
6 City Garden City
7 State Utah
8 Zip Code 84028
9 Organization (proprietor,partnership,corp.)Corporation
10 Towns,Counties served Fish Haven,Idaho
11 Are there any affiliatedcompanies?Yes
If yes,attach a list with names,addresses &descriptions.Explain any services
provided to the utility.
12 Contact Information Name Phone No.
President (Owner)A.Ray Elliott 435-946-3503
Vice President Norman Mecham 435-946-3503
Secretary Gary McKee 435-946-3503
General Manager Gary McKee 435-946-3503
Complaints or Billing Dixie Nelson 435-946-3503
Engineering Gary McKee 435-946-3503
Emergency Service Gary McKee 435-946-3503
Accounting Dixie Nelson 435-946-3503
13 Were any water systems acquired during the year or any additions/deletions made
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's books and records kept?
Street Address 10 S.Bear Lake Blvd.
City GardenCity
State Utah
Zip 84028
Rev3/02 Page 3
NAME:Gary McKee,Aspen Creek Water Co.
COMPANYINFORMATION(Cont.)
For the Year Ended December31,2002
15 Is the system operated or maintained under a
service contract?No
16 If yes:With whom is the contract?n/a
When does the contract expire?n/a
What services and rates are included?n/a
17 Is water purchased for resale through the system?No
18 If yes:Name of Organization n/a
Name of owner or operator n/a
Mailing Address n/a
City n/a
State n/a
Zip n/a
Gallons/CCF $Amount
Water Purchased n/a
19 Has any system(s)been disapprovedby the
Idaho Division of EnvironmentalQuality?No
If yes,attach full explanation
20 Has the Idaho Division of EnvironmentalQuality
recommended any improvements?Yes
If yes,attach full explanation
21 Numberof Complaints received during year concerning:
Quality of Service None
High Bills None
Disconnection None
22 Numberof Customers involuntarily disconnected None
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?April 1,2002
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?No
If yes,attach full explanation
and an updated system map
Rev 3/02 Page 4
NAME:Gary McKee,Aspen Creek Water Co.
REVENUE &EXPENSEDETAIL
For the Year Ended December31,2002
ACCT#DESCRIPTION
400 REVENUES
1 460 Unmetered Water Revenue 3250
2 461.1 Metered Sales -Residential
3 461.2 Metered Sales -Commercial,Industrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue 4000
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue(Add Lines 1 -7)7250
(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separately to customers Booked to Acct #
10 **Hookup or Connection Fees Collected 4000 Booked to Acct #464
11 ***Commission ApprovedSurcharges Collected Booked to Acct #
401 OPERATINGEXPENSES
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 &Benefits
17 610 Purchased Water
18 615-16 Purchased Power&Fuel for Power 590
19 618 Chemicals
20 620.1-6 Materials &Supplies -Operation &Maint.1039
21 620.7-8 Materials &Supplies -Administrative &General
22 631-34 Contract Services -Professional 2615
23 635 Contract Services -WaterTesting
24 636 Contract Services -Other
25 641-42 Rentals -Property &Equipment
26 650 TransportationExpense
27 656-59 Insurance
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm.Exp.(Other except taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous 441
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)4685
Rev 3/02 Page 5
Name:Gary McKee,Aspen Creek Water Co.
INCOME STATEMENT
For Year Ended December31,2002
ACCT #DESCRIPTION
1 Revenue(From Page 3,line 8)7250
2 Operating Expenses (From Page 3,line 33)4685
3 403 Depreciation Expense
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other
6 408.10 Regulatory Fees (PUC)
7 408.11 Property Taxes
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list)DEQ Fees
9B
9C
9D
10 409.10 Federal Income Taxes 608
11 409.11 State Income Taxes 320
12 410.10 Provision for DeferredIncome Tax -Federal
13 410.11 Provision for DeferredIncome Tax -State
14 411 Provision for DeferredUtility Income Tax Credits
15 412 Investment Tax Credits -Utility
16 Total Expenses from operations beforeinterest (add lines 2-15)5613
17 413 Income From Utilky 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)1637
20 415 Revenues,Merchandizing Jobbing and Contract Work
21 416 Expenses,Merchandizing,Jobbing &Contracts
22 419 Interest &Dividend income 201
23 420 Allowancefor Funds used During Construction
24 421 Miscellaneous Non-Utility Income 4
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)205
29 Gross Income (add lines 19 &28)1842
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)1842
Rev 3/02 Page 6
Name:Gary McKee,Aspen Creek Water Co.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December31,2002
Balance Added Removed Balance
SUB Beginning During During End of
ACCT #DESCRIPTION of Year Year Year Year
1 301 Organization
2 302 Franchises and Consents
3 303 Land &Land Rights 10000 10000
4 304 Structures and Improvements 10000 10000
5 305 Collecting &Impounding Reservoirs 90000 90000
6 306 Lake,River&Other Intakes
7 307 Wells 70000 70000
8 308 Infiltration Galleries &Tunnels
9 309 Supply Mains
10 310 PowerGeneration Equipment
11 311 PowerPumping Equipment 18500 18500
12 320 Purification Systems
13 330 Distribution Reservoirs &Standpipes
14 331 Trans.&Distrib.Mains &Accessories 55650 55650
15 333 Services
16 334 Meters and Meter Installations 1500 1500
17 335 Hydrants 14500 14500
18 336 Backflow Prevention Devices
19 339 Other Plant &Misc.Equipment
20 340 Office Furniture and Equipment
21 341 Transportation Equipment
22 342 Stores Equipment
23 343 Tools,Shop and Garage Equipment
24 344 LaboratoryEquipment
25 345 PowerOperated Equipment
26 346 Communications Equipment
27 347 Miscellaneous Equipment
28 348 Other Tangible Property
29 TOTALPLANT IN SERVICE 270150 270150
(Add lines 1 -28)Enter bEginning &end of year totals on Pg 7,Line 1
Rev3/02 Page 7
Name:Gary McKee,Aspen Creek Water Co.
ACCUMULATEDDEPRECIATIONACCOUNT108.1 DETAIL
For Year Ended December31,2002
Depreciation Balance Balance Increase
SUB Rate Beginning End of or
ACCT #DESCRIPTION %of Year Year (Decrease)
1 304 Structures and Improvements 5 500 1000 500
2 305 Collecting &Impounding Reservoirs 5 4500 9000 4500
3 306 Lake,River&Other Intakes
4 307 Wells 5 3500 7000 3500
5 308 Infiltration Galleries &Tunnels
6 309 Supply Mains
7 310 PowerGeneration Equipment
8 311 PowerPumping Equipment 10 1850 3700 1850
9 320 Purification Systems
10 330 Distribution Reservoirs &Standpipes
11 331 Trans.&Distrib.Mains &Accessories 5 2783 5566 2783
12 333 Services
13 334 Meters and Meter Installations 10 150 300 150
14 335 Hydrants 5 725 1450 725
15 336 Backflow Prevention Devices
16 339 Other Plant &Misc.Equipment
17 340 Office Fumiture and Equipment
18 341 TransportationEquipment
19 342 Stores Equipment
20 343 Tools,Shop and GarageEquipment
21 344 LaboratoryEquipment
22 345 Power Operated Equipment
23 346 Communications Equipment
24 347 Miscellaneous Equipment
25 348 Other Tangible Property
26 TOTALS(Add Lines 1 -25)14008 28016 14008
Enter beginning &end of year totals on Pg 7,Line 7
Rev3/02 Page 8
Name:Gary McKee,Aspen Creek Water Co.
BALANCE SHEET
For Year Ended December31,2002
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)270150 270150
2 102 Utility Plant Leased to Others
3 103 Plant Held for Future Use
4 105 Construction Work in Progress
5 114 Utility Plant Aquisition Adjustment
6 Subtotal (Add Lines 1 -5)270150 270150
7 108.1 Accumulated Depreciation (From Pg 6,Line 26)14008 28016 14008
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 Accumulated Amortization -Aquisition Adj.
13 Net Utility Plant (Line 6 less lines 7 -12)256142 242134 -14008
14 123 investment in Subsidiaries
15 125 Other Investments
16 Total Investments (Add lines 14 &15)
17 131 Cash 4013 5979 1966
18 135 Short Term Investments
19 141 Accts/Notes Receivable-Customers 773 568 -205
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 Uncollectable Accounts
26 Total Current (Add lines 17 -24 less line 25)4786 6547 1761
27 181 Unamortized Debt Discount &Expense
28 183 Preliminary Survey&Investigation Charges
29 184 Deferred Rate Case Expenses
30 186 Other DeferredCharges (Escrow)4598 4679 81
31 Total Assets (Add lines 13,16 &26 -30)265526 253360 -12166
Rev3/02 Page 9
Name:Gary McKee,Aspen Creek Water Co.
BALANCESHEET
For Year Ended December31,2002
LIABILITIES&CAPITAL Balance Balance Increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
1 201-3 CommonStock 3000 3000
2 204-6 PreferredStock
3 207-13 Miscellaneous Capital Accounts 1559 1559
4 214 AppropriatedRetained Earnings
5 215 UnappropriatedRetained Earnings 4825 6667 1842
6 216 Reacquired Capital Stock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)9384 11226 1842
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 CustomerDeposits (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 Advancesfor Construction
23 253 Other DeferredLiabilities
24 255.1 Accumulated Investment TaxCredits -Utility
25 255.2 Accum.Investment Tax Credits -Non-Utility
26 261-5 Operating Reserves
27 271 Contributions in Aid of Construction 270150 270150
28 272 Accum.Amort.of Contrib.in Aid of Const.**-14008 -28016 -14008
29 281-3 Accumulated DeferredIncome Taxes
30 Total Liabilities (Add lines 9 -29 256142 242134 -14008
31 TOTAL LIAB &CAPITAL(Add lines 8 &30)265526 253360 -12166
**Only if Commission Approved
Rev3/02 Page 10
Name:Gary McKee,Aspen Creek Water,Co.
STATEMENTOF RETAINEDEARNINGS
For Year Ended December31,2002
1 Retained Earnings Balance @ Beginning of Year 9384
2 Amount Added from Current Year Income (From Pg 4,Line 32)1842
3 Other Credits to Account
4 DividendsPaid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year 11226
CAPITALSTOCK DETAIL
No.Shares No.Shares Dividends
7 Description (Class,Par Value etc.)Authorized Outstanding Paid
CommonStock $1 Par Value 50000 3000 0
DETAILOF LONG-TERMDEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Rev3/02 Page 11
Name:Gary McKee,Aspen Creek Water Co.
SYSTEM ENGINEERINGDATA
For Year Ended December31,2002
1 Providean updated system 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.)SurfaceWtr)
DempsterY-750 -Aspen Creek 40 Chlorine 21024 Well
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)
Storage Tank -Aspen Creek 115 100 Elevated Concrete
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
Rev3/02 Page 12
Name:Gary McKee,Aspen Creek Water,Co.
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended December31,2002
4 Pump information for ALL system pumps,including wells and boosters.
Rated Discharge Energy
Designation or Location Horse Capacity Pressure Used
&Type of Pump**Power (gpm)(psi)This Year
DempsterY-750 -Aspen Creek 7.5 40 70 5262
**Submit pump curves unless previously provided or unavaila ale.Asterisk fac lities 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?340000
What was the total amount pumped during peak month?85000
What was the total amount pumpedon the peak day?5000
6 If customers are metered,what was the total amount sold in peak month?60000
7 Was your system designed to supply fire flows?Yes
if Yes:What is current system rating?1000 GPM
For 2 Hours
8 How many times were meters read this year?1
During which months?October
9 How many additional customers could be served with no system improvements
except a service line and meter?50
How many of those potential additions are vacant lots?28
10 Are backbone plant additions anticipated during the coming year?Yes
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 haveto be expanded?2003
Rev3/02 Page 13
Name:Gary McKee,Aspen Creek Water Co.
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended December31,2002
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End ofSizeOfYearYearYearYear
6"11331 Ft.11331 Ft.
CUSTOMERSTATISTICS
Numberof Custo ners Thousands of Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential 16 11 290000 225000
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)16 11 290000 225000
Rev3/02 Page 14
CERTIFICATE
State of );J )ss
County of )
WE,the undersigned Gary McKee
and
of the Aspen Creek Water Co.
utility,on our oath do severally say that the foregoingreport has been preparedunder our direction,
from the original books,papers and records of said utilky;that we havecarefully examined same,and
declare the same to be a correct statement of the business and affairs of said utility for the period
coveredby the report in respect to each and everymatter and thing therin set forth,to the best of our
knowledge,information and belief.
(Cfef Officer)
(Officer Chargeof Accounts)
Subscribed and Sworn to Before Me
this day of r i
NOTARYPUBLIC ut
My Commission Expires j ((('2 Ô ...Ü
gdklexcelljnelsonlanulrpts/wtrannualrpt
Rev3/02 Page 15
Line 11:Affiliated Companies
Executive Recreational Propertie Managementcompany that providesaccountin
10 S.Bear Lake Blvd.and managementservices.
Garden City,Utah 84028
Lake Vista Properties,LLC Land Developerwho is responsiblefor
10 S.Bear Lake Blvd.developingthe land that the Water Company
Garden City,Utah 84028 will service.
Line 20:Recommended Improvements by Division of Environmental Quality
Recommendation has been made that a door,entry way and stairs be added to the
pump house vault.
Line 10:Sytem Engineering Data -Back Bone Plant Additions
Construction of a door,entry way and stairs will be added to the
pump house vault at a cost of $3500 (To be providedby developer)
900 feet of new trunk line at a cost $5400 (To be provided by developer)
FROM :MCKEE FAX NO.:4359463519 May.27 2003 10:39AM P1
SUMMARYOF RULES AND RESULATIONSOFTHEIDAHOPUBLICUTILITIENCOMMISSIONGOVERNINGCUSTOMERRELATIONSOFNATURALGAS,ELECTRIC AND WATEli PUBLIC UTULITIESUNDERTHEJURISDICTIONOFTHEIDAHOPUBLICUTILITIESCOMMISSION
A utility may terminate service to a customer without his/her perm ssion after adequate notice for thefollowingreasons:
A)Non-payment ofdelinquent bills.
B)Failure to abide by the terms of payment arrangen ent.
C)Misrepresentation of identity
D)Unauthorized diversion or use of the utility
E)Non-sufficient funds check.
Actions customer may take to avoid termination:
A)Pay in full or make payment arrangements with th<utility company.
B)A physicians certificate stating the existence of a n ledical emergency.
C)An informal of formal complaint concerning the te mination may be filed with the utility:
Aspen Creek Water Co.
10 South Bear Lake B vd.
Garden City,Utah 84028
[phone]
Or if you are unable to contact the utility company you may file with the
Idaho Public Utilities Commission,P.O.Box 8372 ),Boise,Idaho 83720 or call
1-800-432-0369.
Complete set of customer Rules &Regulations on file with ASPEN CREEK WATER CO.and the Idaho
Public Utilities Commission.