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Home My WebLink About2005Annual report.pdf,~, ,'---' \" " ANNU AL REPO A~ p- . :;. ~,--;'-..- ,.--., ! "' -"" fT' ,:"" -- en :., ,'.:J f"' c~ ~"0'1 --. " ..8.J...p e ~ C. f'a.e. K l/V &.. -t e I" C. NAME ;::;:; :: . ':? ~2 : ::, \.D 10 oS . f3e."". L~j(;(!. Blvd ~c;..rdt~'7 fAT ~CfO2.~ ADDRESS TO THE IDAHO PUBLIC UTiliTIES COMMISSION FOR THE YEAR ENDED J 1.. ~ 3) -D.$" ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31 2005 11 Are there any affiliated companies? Yes If yes, attach a list with names, addresses & descriptions. 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 made to 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 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 Rev 3/02 COMPANY INFORMATION Aspen Creek Water Company, 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 Explain any services Name Phone No. A. Rav Elliott 435-946-3503 Norman Mecham 435-946-3503 Norman Mecham 435-946-3503 A. Rav Elliott 435-946-3503 Dixie Nelson 435-946-3503 A. Rav Elliott 435-946-3503 A. Rav Elliott 435-946-3503 Dixie Nelson 435-946-3503 Page 1 NAME:Rav Elliott, Aspen Creek Water Co. COMPANY INFORMATION (Cont.) For the Year Ended 12/31/2005 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 Gallons/CCF n/a $Amount Yes 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 Apr-(New Customers Receive at time of hookup) Rev 3/02 Page 2 NAME: ACCT # 460 461, 461. 462 464 465 466 400 Rav Elliott, Aspen Creek Water Co. REVENUE & EXPENSE DETAIL For the Year Ended 12/31/2005 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 5250 7500 12750 Booked to Acct # 7500 Booked to Acct fj Booked to Acct # 464 2642 8000 2089 12781 Name: ACCT # Ray Elliott, Aspen Creek Water Co. INCOME STATEMENT For Year Ended 12/31/2005 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) 12781 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 I ncome (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) Page 4 12750 12895 145 146 146 Name: SUB ACCT # Rev 3/02 Ray Elliott, Aspen Creek Water Co. ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended 12/31/2005 DESCRIPTION (Add lines 1 - 28) Balance Beginning of Year Added During Year 301 Organization 302 Franchises and Consents 303 land & land Rights 1 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 70650 9000 79650 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 289650 9000 298650 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 12/31/2005 ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL SUB Depreciation Rate Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 304 Structures and Improvements 2450 3175 725 305 Collecting & Impounding Reservoirs 18000 22500 4500 306 lake, River & Other Intakes 307 Wells 14000 17500 3500 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 311 Power Pumping Equipment 7400 9250 1850 320 Purification Systems 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 11880 15862 3982 333 Services 334 Meters and Meter Installations 600 750 150 335 Hydrants 2900 3625 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)57230 72662 15432 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 12/31/2005 ASSETS Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 101 Utility Plant in Service (From Pg 5 , Line 29)289650 298650 9000 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)289650 298650 9000 108.Accumulated Depreciation (From Pg 6, Line 26)57230 72662 15432 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)232420 225988 6432 123 Investment in Subsidiaries 125 Other Investments Total Investments (Add lines 14 & 15) 131 Cash 2974 3124 150 135 Short Term Investments 141 Accts/Notes Receivable - Customers 254 254 142 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)3228 3124 104 181 Unamortized Debt Discount & Expense 183 Preliminary Survey & Investigation Charges 184 Deferred Rate Case Expenses 186 Other Deferred Charges (Escrow)4782 4887 105 Total Assets (Add lines 13, 16 & 26 - 30)240430 233999 6431 Rev 3/02 Page 7 Name:Ray Elliott, Aspen Creek Water Co. BALANCE SHEET For Year Ended 12/31/2005 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 3451 3452 216 Reacquired Capital Stock 218 Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6)8010 8011 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 289650 298650 9000 272 Accum. Amort, of Contrib. in Aid of Const. **57230 - 72662 15432 281-Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 - 29 232420 225988 6432 TOTAL LlAB & CAPITAL (Add lines 8 & 30)240430 233999 6431 ** Only if Commission Approved Rev 3/02 Page 8 Name:Ray Elliott, Aspen Creek Water Co. STATEMENT OF RETAINED EARNINGS For Year Ended 12/31/2005 Retained Earnings Balance (g! 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 (g! End of Year 8010 8011 CAPITAL STOCK DETAIL No. Shares No, Shares Dividends P 'Description (Class , Par Value etc. Common Stock $1 Par Value Authorized Outstanding 50000 3000 DETAIL OF LONG-TERM DEBT Interest Year-end Interest Interest Description Rate Balance Paid Accrued N/A Rev 3/02 Page 9 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA For Year Ended 12/31/2005 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 Designation or location (aom)Filter etc.(OOO's Gal.)Surface Wtr) Dempster Y-750- Aspen Creek Chlorine 21 024 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) Storage Tank- Aspen Creek 115 100 Elevated Concrete (Duplicate form and attach if necessary. Asterisk facilities added this year. Rev 3/02 Page 10 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 12/31/2005 Pump information for All system pumps, including wells and boosters. Designation or location Rated Capacity Energy Used Discharge PressureHorse & Tvpe of Pump Power (gpm)(psi)This Year Dempster Y-750- Aspen Creek 10162 ** 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? 517650 101325 8505 If customers are metered , what was the total amount sold in peak month?81325 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?2006 Rev 3/02 Page 11 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 12/31/2005 FEET OF MAINS Pipe Size In Use Beginning Of Year Installed During Year Abandoned During Year In Use End of Year 111 00 11100 700 700 1500 750 2250 CUSTOMER STATISTICS Number of Customers Thousands of Gallons Sold TOTALS (Add lines 2 through 8) This last This last Year Year Year Year 497650 408000 497650 408000 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 utA-II State of.:illlle County of R I c ) 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. d~hi (Officer in Charge of Accounts) Subscribed and Sworn to Before Me this day of '-fYtn ~tQ() -J JA CI. NOTARY PUBLIC My Commission Expires (~ (~ de? ..., gd kIexcel/jnelson/anu Irpts/wtrannualrpt 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 2006. System Engineering Data- Line 10: Back Bone Plant Additions A 2nd Well will be drilled in 2006 at a cost of approximately $70 000. This will be provided by the developer. , '" FROM : MCKEE FAX i'D. :4359463519 J27 2003 10:39~ SUMMARY OF RULES AND RE ULATIONSOF THE IDAHO PUBLIC U COMMISSIONGOVERNING CUSTOMER TIONS OF NATURAL GAS, ELECTRIC AND W ATE PUBLIC UTULITIES UNDER TDE JURISDICTION 0 THE IDAHOPUBLIC UTILITIES CO SIGN A utility may tenninate service to a customer without bislher penn ss100 after adequate notice for the following rea8OM: Non-paymmt of delinquent b!lls. Failure to abide by the terms ofpa;ymcnt "'rnt MisrepresentatIon of identi1y -. --~ T"~ UnouIItorh.ed '" "'" mthe utility Non-sufficient funds chcclc. Actions customer may take to avo.id tennioation: A physicians certfficate stating the existence of a An informal of formal complaint concemingtbe . on may be filed with the utility: A$pmCreek Water 10 SOtrth Sear Lake B vd. Garden City, Utah 8 (435) 9%-3500 Or Ifyoo are unable to contact the utility company ou may fjl~ 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 011 file with ASP Public UtUitks Cornmi$slon.