The URL can be used to link to this page

Home My WebLink About2004Annual report.pdfAL REPORT c: i"""'" ~;) " , P ~" "" ,~ ;:'~~ ~;~ ,,"'" ::::.E: ~: " ,, '" 1"'1--I '-. ),'t.'!i' t:J....- -- .....J( ...... fT1"" "" 00II,.... (j) .i..- CJ (") -'~~. ~...,..." ....-.. co(j)C::, . . tf) ft.c" r::1- J""'" I, ~" ......J \"..-i "-",,-:P" ...... A~ peA C-re.e Vv'~i-(!C-o, . NAME (3 (!..A.r ICe Blvd, 'c,..rrJ,-,\ .J. YADDRESS TO TH IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED \2~:S)- ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31 , 2004 COMPANY INFORMATION 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 Aspen Creek Water Comp , Inc. 435-946-3503 vista(Q).bearlake. com 12/28/1999 Idaho 10 S. Bear lake Blvd. Garden City Utah 84028 Corporation Fish Haven, Idaho 11 Are there any affiliated companies? Yes If yes, attach a list with names, addresses & descriptions. Explain any services provided to the utility. 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? 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 Garden CitState UtahZip 84028 Name Phone No. A. Ray Elliott 435-946-3503 Norman Mecham 435-946-3503 Norman Mecham 435-946-3503 A. Ray Elliott 435-946-3503 Dixie Nelson 435-946-3503 A. Ray Elliott 435-946-3503 A. Ray Elliott 435-946-3503 Dixie Nelson 435-946-3503 Rev 3/02 Page NAME:Ray Elliott. Aspen Creek Water Co. COMPANY INFORMATION (Cont.) For the Year Ended 12/31/2004 15 Is the system operated or maintained under a service contract? 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? 18 If yes: Name of Organization n/a Name of owner or operator n/aMailing Address n/aC~ State n/aZip n/a 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 Rev 3/02 Page 2 $AmountGallons/CCF n/a Yes Apr-(New Customers Receive at time of hookup) NAME: ACCT # 460 461. 461. 462 464 465 466 400 Ray Elliott. Aspen Creek Water Co. REVENUE & EXPENSE DETAIL For the Year Ended 12/31/2004 DESCRIPTION 400 REVENUES Unmetered Water Revenue Metered Sales - Residential Metered Sales - Commercial, Industrial Fire Protection Revenue Other Water Sales Revenue Irrigation Sales Revenue Sales for Resale Total Revenue (Add Lines 1 - 7) (also enter result on Page 4, line 1) * DEQ Fees Billed separately to customers 10 ** Hookup or Connection Fees Collected 11 ***Commission Approved Surcharges Collected 401 OPERATING EXPENSES 12 601.6 labor - Operation & Maintenance 13 601.labor - Customer Accounts 14 601.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 19 618 Chemicals 20 620.6 Materials & Supplies - Operation & Maint. 21 620.8 Materials & Supplies - Administrative & General 22 631-34 Contract Services - Professional 23 635 Contract Services - Water Testing 24 636 Contract Services - Other 25 641-42 Rentals - Property & Equipment 26 650 Transportation Expense 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 33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) Rev 3/02 Page 3 3500 6000 9500 Booked to Acct # 6000 Booked to Acct Booked to Acct # 464 1751 5472 2461 9735 Name: ACCT # Ray Elliott, Aspen Creek Water Co. INCOME STATEMENT For Year Ended 12/31/2004 DESCRIPTION 403 406 407 6 408. 7 408. 8 408. 9A 408. 17 413 18 414 30 427. 31 427. 409. 409. 410. 410. 411 412 415 416 419 420 421 426 408. 409- Rev 3/02 Revenue (From Page 3 , line 8) Operating Expenses (From Page 3, line 33) Depreciation Expense Amortization, Utility Plant Aquisition Adj. Amortization Exp. - Other Regulatory Fees (PUC) Property Taxes Payroll Taxes Other Taxes (list) 9500 9735 DEQ Fees 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 - Utility 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 23 & 24 less lines 21 , & 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) 9860 360 297 297 Page 4 Name: SUB ACCT # Rev 3/02 Ray Elliott, Aspen Creek Water Co. ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended 12/31/2004 DESCRIPTION (Add lines 1 - 28) Balance Beginning of Year Added During Year 301 Organization 302 Franchises and Consents 303 land & land Rights 0000 10000 304 Structures and Improvements 14500 14500 305 Collecting & Impounding Reservoirs 90000 90000 306 lake , River & Other Intakes 307 Wells 70000 70000 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 311 Power Pumping Equipment 18500 18500 320 Purification Systems 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 55650 15000 70650 333 Services 334 Meters and Meter Installations 1500 1500 335 Hydrants 14500 14500 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 274650 15000 289650 Removed During Year Balance End of Year Enter beginning & end of year totals on Pg 7, Line 1 Page 5 Name:Ray Elliott, Aspen Creek Water Co. For Year Ended 12/31/2004 ACCUMULATED DEPRECIATION ACCOUNT 108.DETAIL SUB Depreciation Rate Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 304 Structures and Improvements 1725 2450 725 305 Collecting & Impounding Reservoirs 13500 18000 4500 306 lake, River & Other Intakes 307 Wells 0500 14000 3500 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 311 Power Pumping Equipment 5550 7400 1850 320 Purification Systems 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 8348 11880 3532 333 Services 334 Meters and Meter Installations 450 600 150 335 Hydrants 2175 2900 725 336 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)42248 14982 57230 Enter beginning & end of year totals on Pg 7, Line 7 Rev 3/02 Page 6 Name:Ray Elliott, Aspen Creek Water Co. BALANCE SHEET For Year Ended 12/31/2004 ASSETS Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year Decrease) 101 Utility Plant in Service (From Pg 5, Line 29)274650 289650 15000 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)274650 289650 15000 108.Accumulated Depreciation (From Pg 6, Line 26)42248 57230 14982 108.Accum. Depr. - Utility Plant lease to Others 108.Accum. Depr. - Property Held for Future Use 110.Accum. Amort. - Utility Plant in Service 110.Accum. Amort. - Utility Plant lease to Others 115 Accumulated Amortization - Aquisition Adj. Net Utility Plant (Line 6 less lines 7 - 12)232402 232420 123 Investment in Subsidiaries 125 Other Investments Total Investments (Add lines 14 & 15) 131 Cash 3084 2974 110 135 Short Term Investments 141 Accts/Notes Receivable - Customers 500 254 246 142 Other Receivables 145 Receivables from Associated Companies 151 Materials & Supplies Inventory 162 Prepaid Expenses 173 Unbilled (Accrued) Utility Revenue 143 Provision for Uncollectable Accounts Total Current (Add lines 17 -24 less line 25)3584 3228 356 181 Unamortized Debt Discount & Expense 183 Preliminary Survey & Investigation Charges 184 Deferred Rate Case Expenses 186 Other Deferred Charges (Escrow)4723 4782 Total Assets (Add lines 13,16 & 26 - 30)240709 240430 279 Rev 3/02 Page 7 Name:Ray Elliott, Aspen Creek Water Co. BALANCE SHEET For Year Ended 12/31/2004 LIABILITIES & CAPITAL Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 201-Common Stock 3000 3000 204-Preferred Stock 207-Miscellaneous Capital Accounts 1559 1559 214 Appropriated Retained Earnings 215 Unappropriated Retained Earnings 3748 3451 297 216 Reacquired Capital Stock 218 Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6)8307 8010 297 221-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.Accrued Other Taxes Payable 236.Accrued Income Taxes Payable 236.Accrued Taxes - Non-Utility 237 -Accrued Debt, Interest & Dividends Payable 241 Misc. Current & Accrued Liabilities 251 Unamortized Debt Premium 252 Advances for Construction 253 Other Deferred Liabilities 255.Accumulated Investment Tax Credits - Utility 255.Accum. Investment Tax Credits - Non-Utility 261-Operating Reserves 271 Contributions in Aid of Construction 274650 289650 15000 272 Accum. Amort. of Contrib. in Aid of Const. **42248 57230 14982 281-Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 - 29 232402 232420 TOTAL LlAB & CAPITAL (Add lines 8 & 30)240709 240430 279 ** Only if Commission Approved Rev 3/02 Page 8 Name:Ray Elliott, Aspen Creek Water Co. STATEMENT OF RETAINED EARNINGS For Year Ended 12/31/2004 Retained Earnings Balance Beginning of Year Amount Added from Current Year Income (From Pg 4, Line 32) Other Credits to Account Dividends Paid or Appropriated Other Distributions of Retained Earnings Retained Earnings Balance ~ End of Year 8307 297 8010 CAPITAL STOCK DETAIL No. Shares No. Shares 0 t t Dividends P 'Description (Class, Par Value etc. Common Stock $1 Par Value A th . donze u s an Ing 50000 3000 DETAIL OF LONG-TERM DEBT Interest R t Year-end Interest P ' Interest . fescnp' Ion a ance ccrue N/A Rev 3/02 Page 9 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA For Year Ended 12/31/2004 Provide an updated system map if significant changes have been made to the system during the year. Water Supply: 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) Dempster Y-750- Aspen Creek Chlorine 21024 Well System Storage: Total Capacity OOO' Usable Capacity OOO' Type ofReservoir Construction (Elevated Pres- (Wood , Steel Storaqe Desiqnation or location Gal.Gal.urized, Boosted)Concrete) Storaqe Tank- Aspen Creek 115 100 Elevated Concrete (Duplicate form and attach if necessary. Asterisk facilities added this year. Rev 3/02 Page 1 0 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 12/31/2004 Pump information for All system pumps, including wells and boosters. Designation or location Rated Capacity Energy Used Discharge PressureHorse & Type of Pump Power (Qpm)(psi)This Year Dempster Y-750- Aspen Creek 7820 ** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year. Attach additional sheets if inadequate space is available on this page. 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? 493000 96500 8100 If customers are metered, what was the total amount sold in peak month?96500 Was your system designed to supply fire flows? If Yes: What is current system rating? Yes 1000 GPM How many times were meters read this year? During which months?October 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! Yes In what year do you anticipate that the system capacity (supply, storage or distribution) will have to be expanded?2005 Rev 3/02 Page 11 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 12/31/2004 FEET OF MAINS Pipe Size In Use Beginning Of Year Installed During Year Abandoned During Year In Use End of Year 111 00 111 00 700 700 1500 1500 CUSTOMER STATISTICS Number of Customers Thousands of Gallons Sold TOTALS (Add lines 2 through 8) This last This last Year Year Year Year 408000 395000 408000 395000 Metered: Residential Commercial Industrial Flat Rate: Residential Commercial Industrial Private Fire Protection Public Fire Protection Street Sprinkling Municipal, Other Other Water Utilities Rev 3/02 Page 12 CERTIFICATE LL -tCt fL; State of 1--= County of ~ ~ \L/ ) ss , the undersigned Ray Elliott and of the- Aspen Creek Water Co. 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. '" (;C Subscribed and Sworn to Before Me this ,:;) ~ay of ~ ,, ';)00 CO) QJ.~ d )~L NOTARY PUBLIC My Commission Expires I I r 1 ;~ () gd klexcel/jnelson/anu Irpts/wtrann ualrpt Rev 3/02 Page 13 Aspen Creek Water, Co. Attachment to Annual Report Line 11: Affiliated Companies Executive Recreational Properties 10 S. Bear Lake Blvd. Garden City, Utah 84028 Management company that provides accounting and management services. Lake Vista Properties, LLC 10 S. Bear Lake Blvd. Garden City, Utah 84028 Land Developer who is responsible for Developing the land that the Water Company will service. Line 20: Recommended Improvements by Division of Environmental Qualitv Recommendation has been made that a 2nd Well drilled and added to the water system because of expansion of the subdivision. Many of the requirements for digging the new well have already been met and drilling should begin in July 2005. System Ene:ineerine: Data- Line 10: Back Bone Plant Additions A 2nd Well will be drilled in 2005 at a cost of approximately $70 000. This will provided by the developer. FROM : MCKEE FAX t-(J. : 4359463519 -,._-----". , )27 2003 10:39RM Pi SUMMARY OF RULES AND RE ULA nONS OF THE IDAHO PUBLIC UTD.J COMMISSION GOVERNING CUSTOMER TIONS OF NATURAL GAS; ELU7RIC AND W ATE PUBLIC UTULITIES UNDER THE JURISDICTION 0 THE IDAHOPUBLIC UTILITIES CO SION A utility may tenninate service to a customer without bislher perm ssioo after adequate notice for the f()llo'wing reasons: Non-peymmt of delinquent bills. F aiIum to abide by tho terms of payment . ---L. MisreprestJ1Iaton of identity -'- 6'" 1Jnauthorh.ed diversion or use of 1he utility N on-s uffici cnt funds clJcc 1c. Actions customer may take to avoid termination: A) . Pay in full or make payIneat arrangements with A physicians certificate stating the cxistcnce of a An informal of fOt'l11al complaint concerning the A$pc:nCreek Wate!' 10 SOirth aear Lake B vd. Garden City, Utah 8 (435) 946-3500 . on may be filed with the utility: Or If yoo are unable to contact the ut!1ity company ou may file with the Idaho Pld)lic Utilitic:s Commission, P.O. Box 8372 , Boise, Idaho 83720 or call 1-800-432-0369. Complete set Of customer Rules &. Regulations on file with ASP Public Utilities CommissIon. CREEK WATER CO. and the Idaho