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Home My WebLink About2006Annual Report.pdf1 " ; ..' -. ~, ANNUAL REPO R T~2ib ;~: z-- ')I, OF A-sf- ...B.:2...P e r'\ f'a.e.. Ie /IV&... (!.I' c. () . NAME 10 .s , (3et:..,.. L&..)Ca.. Blvd bc...r t'\ C-I :.J.lA.T ~t.fo2~ ADDRESS TO THE IDAHO PUBLIC UTiliTIES COMMISSION FOR THE J'2.. -3J-Dl)YEAR ENDED ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31 , 2006 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(5).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 Ray 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 Ray Elliott 435-946-3503 Dixie Nelson 435-946-3503 Page 1 NAME:Ray Elliott, Aspen Creek Water Co. COMPANY INFORMATION (Cont.) For the Year Ended 12/31/2006 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/a City n/aState 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 Ray Elliott, Aspen Creek Water Co. REVENUE & EXPENSE DETAIL For the Year Ended 12/31/2006 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 6750 1 0000 16750 Booked to Acct # 10000 Booked to Acct 'II Booked to Acct # 464 2603 2843 3385 318 9149 Name: ACCT # Ray Elliott, Aspen Creek Water Co. INCOME STATEMENT For Year Ended 12/31/2006 DESCRIPTION 403 406 407 6 408. 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) 16750 9149 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 I NCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2) 9227 7523 127 127 7650 7650 Page 4 Name: SUB ACCT # Rev 3/02 Ray Elliott, Aspen Creek Water Co. ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended 12/31/2006 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 79650 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 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 12/31/2006 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 3175 3900 725 305 Collecting & Impounding Reservoirs 22500 27000 4500 306 lake, River & Other Intakes 307 Wells 17500 21000 3500 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 311 Power Pumping Equipment 9250 11100 1850 320 Purification Systems 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 15862 19844 3982 333 Services 334 Meters and Meter Installations 750 900 150 335 Hydrants 3625 4350 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)72662 88094 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 12/31/2006 ASSETS Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 101 Utility Plant in Service (From Pg 5, Line 29)298650 298650 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)298650 298650 108.Accumulated Depreciation (From Pg 6, Line 26)72662 88094 15432 108.2 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)225988 210556 15432 123 Investment in Subsidiaries 125 Other Investments Total Investments (Add lines 14 & 15) 131 Cash 3124 14631 11507 135 Short Term Investments 141 Accts/Notes Receivable - Customers 1030 1030 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)3124 15662 12538 181 Unamortized Debt Discount & Expense 183 Preliminary Survey & Investigation Charges 184 Deferred Rate Case Expenses 186 Other Deferred Charges (Escrow)4887 4887 Total Assets (Add lines 13, 16 & 26 - 30)233999 226217 7782 Rev 3/02 Page 7 Name:Ray Elliott, Aspen Creek Water Co. BALANCE SHEET For Year Ended 12/31/2006 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 3452 11102 7650 216 Reacquired Capital Stock 218 Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6)8011 15661 7650 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 298650 298650 272 Accum. Amort. of Contrib. in Aid of Const. **- 72662 88094 15432 281-Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 - 29 225988 210556 15432 TOTAL LlAB & CAPITAL (Add lines 8 & 30)233999 226217 7782 ** Only if Commission Approved Rev 3/02 Page 8 Name:Ray Elliott, Aspen Creek Water Co, STATEMENT OF RETAINED EARNINGS For Year Ended 12/31/2006 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 8011 7650 15661 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 mg 50000 3000 DETAIL OF LONG-TERM DEBT Interest Year-end Interest Interest Description Rate Balance Paid ccrued N/A Rev 3/02 Page 9 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA For Year Ended 12/31/2006 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 (qpm)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 Storage Designation 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 10 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 12/31/2006 Pump information for All system pumps, including wells and boosters. Designation or location Rated Capacity Energy Used Discharge PressureHorse & Type of Pump Power (gpm)(psi)This Year Dempster Y-750- Aspen Creek 10012 ** 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? 4440000 1000000 32258 If customers are metered , what was the total amount sold in peak month?1000000 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?2007 Rev 3/02 Page 11 Name:Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 12/31/2006 FEET OF MAINS Pipe Size In Use Beginning Of Year Installed During Year Abandoned During Year In Use End of Year 11100 11100 700 700 2250 2250 CUSTOMER STATISTICS Number of Customers Thousands of Gallons Sold TOTALS (Add lines 2 through 8) This last This last Year Year Year Year 4240000 497650 4240000 497650 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 CERTIFICA TE J U, IU State of kiIiIao County of k?\C- ) ss . the underSigned~Y Elliotl 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. Subscribed and Sworn to Before Me NOTARY PUBLIC 1Y\n \\n do07this day of lQ,~"0 ~!I N() My Commission Expires I (,- (1-C;JO()r 9 d kI ex ce IIi n e Isonl an u Irpts/wtran n u a I rpt 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 Quality Recommendation has been made that a 2nd Well be 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 began in December 2006 and was completed in February 2007. System En2ineerin2 Data- Line 10: Back Bone Plant Additions Drilling started on a 2nd Well in December 2006 and was completed in February 2007 at a cost of approximately $77 000. The cost of the well was provided by the developer. " '" FROM : MCKEE FAX~. : 4359463519 ....... J7 2003 10:39FY'1 P1 SUMMARY OF RULES AND RE ULATIONSOF THE IDAHO PUBLIC UTILI COMMISSIONGOVERNING CUSTOMER TIONS OFNATURAL GAS; ELECfRIC ANDWATE PUBLIC UTULITIES UNDER T1IE JURISDICTION 0 THE IDAHOPUBLIC UTlL1TIES CO SION Non-paymcot of delinquent billi. Failure to abide by the tams of paymcm "'rnt~oo of .identity -. -"~ T'~ UnamhorJ"-"'! dMnion 0.- ~oftho utility Non-sufficicnt fuOOs chcck. A utility may tenn:ina:to to a customer without his/Oer perm 88100 door adequate notice for thefollowing raiSons: Actions custoiner may to avoid temrloation: A) . Pay in full or make payIneat I!TI"al!gOO1ent with th utility rompany. A physicians certfficaie stmmg the existence of a An infOmllll offormaI complaint concerning the ~CM Water o. 10 SOirth aear Lake B vel. Garden City, Utah g (435) 9%-3500 . CD may be filed With the utility: Or If yoo. we unable to contact the ut!1ity company ou ma:y fjl~ with theIdaho Public Utilities Commission, P.O. Box 8372 , Boise, Idaho 83720 or calI 1-800-432--0369. Complete Bel: Of customer Rules & Rcgula.tions on file with ASPPublic Utilities Comrnl$slon.CREEK WATER CO. and tbeldaho