2011Annual Report.pdf

ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31, 2011
COMPANY INFORMATION
1 Give full name of utility Aspen Creek Water Company, Inc.
Telephone Area Code ( ) 435-946-3503
E-mail address vistabearIake.com
2 Date of Organization 12/28/1999
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 affiliated companies? 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)
Vice President
Secretary
General Manager
Complaints or Billing
Engineering
Emergency Service
Accounting
A. Ray Elliott 435-946-3503
Norman Mecham 435-946-3503
Norman Mecham 435-946-3503
A. Ray Elliott 435-946-3503
Janie Sorochuk 435-946-3503
A. Ray Elliott 435-946-3503
A. Ray Elliott 435-946-3503
Janie Sorochuk 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 Garden City
State Utah
Zip 84028
Rev 3/02 Page 1
NAME: Ray Elliott, Aspen Creek Water Co.
COMPANY INFORMATION (Cont.)
For the Year Ended 12/31/2011
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?
17 Is water purchased for resale through the system? No
18 If yes: Name of Organization n
Name of owner or operator n/a
Mailing Address n/a
City n/a
State n/a
Zip
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
Gallons/CCF $Amount
n/a I
No
Yes
0
0
0
0
1-Apr-02 (New Customers Receive at
time of hookup)
No
Rev 3/02 Page 2
NAME: Ray Elliott, Aspen Creek Water Co.
REVENUE & EXPENSE DETAIL
For the Year Ended 12/31/2011
ACCT # DESCRIPTION
400 REVENUES
1 460 Unmetered Water Revenue 19200
2 461.1 Metered Sales - Residential
3 461.2 Metered Sales - Commercial, Industrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue 50
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines 1 - 7) 19250
(also enter result on Page 4, line 1)
9 * DEQ Fees Billed separately to customers Booked to Acct #
10 ** Hookup or Connection Fees Collected Booked to Acct #
11 ***Commission Approved Surcharges Collected Booked to Acct #
401 OPERATING EXPENSES
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 7348
19 618 Chemicals
20 620.1-6 Materials & Supplies - Operation & Maint. 1521
21 620.7-8 Materials & Supplies - Administrative & General
22 631-34 Contract Services - Professional 4373
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 761
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 428
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) 14431
Rev 3/02 Page 3
Name: Ray Elliott, Aspen Creek Water Co.
INCOME STATEMENT
For Year Ended 12/31/2011
ACCT # DESCRIPTION
I Revenue (From Page 3, line 8) 19250
2 Operating Expenses (From Page 3, line 33) 14431
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 75
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list) DEQ Fees
9B
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes 30
12 410.10 Provision for Deferred Income Tax - Federal
13 410.11 Provision for Deferred Income Tax - State
14 411 Provision for Deferred Utility Income Tax Credits
15 412 Investment Tax Credits - Utility
16 Total Expenses from operations before interest (add lines 2-15) 14536
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) 4714
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 Interest & Dividend Income
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-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) 0
29 Gross Income (add lines 19 & 28) 4714
30 427.3 Interest Exp. on Long-Term Debt
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2) 4714
Rev 3/02 Page 4
Name: Ray Elliott, Aspen Creek Water Co.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 12/31/2011
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
4 304 Structures and Improvements 14500
5 305 Collecting & Impounding Reservoirs 90000
6 306 Lake, River & Other Intakes
7 307 Wells 143380
8 308 Infiltration Galleries & Tunnels
9 309 Supply Mains
10 310 Power Generation Equipment
11 311 Power Pumping Equipment 40051
12 320 Purification Systems
13 330 Distribution Reservoirs & Standpipes
14 331 Trans. & Distrib. Mains & Accessories 79650
15 333 Services
16 334 Meters and Meter Installations 1500
17 335 Hydrants 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 Laboratory Equipment
25 345 Power Operated Equipment
26 346 Communications Equipment
27 347 Miscellaneous Equipment
28 348 Other Tangible Property
10000
14500
90000
143380
40051
79650
1500
14500
29 TOTAL PLANT IN SERVICE 3935811 I 1 393581
(Add lines 1 - 28) Enter beginning & end of year totals on Pg 7, Line I
Rev 3/02 Page 5
Name: Ray Elliott, Aspen Creek Water Co.
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 12/31/2011
Depreciation Balance Balance Increase
Rate Beginning End of or
% of Year Year (Decrease)
5 6800 7525 725
5 45000 49500 4500
5 43560 49200 5640
SUB
ACCT# DESCRIPTION
1 304 Structures and Improvements
2 305 Collecting & Impounding Reservoirs
3 306 Lake, River & Other Intakes
4 307 Wells
5 308 Infiltration Galleries & Tunnels
6 309 Supply Mains
7 310 Power Generation Equipment
8 311 Power Pumping Equipment
9 320 Purification Systems
10 330 Distribution Reservoirs & Standpipes
11 331 Trans. & Distrib. Mains & Accessories
12 333 Services
13 334 Meters and Meter Installations
14 335 Hydrants
15 336 Backflow Prevention Devices
16 339 Other Plant & Misc. Equipment
17 340 Office Furniture and Equipment
18 341 Transportation Equipment
19 342 Stores Equipment
20 343 Tools, Shop and Garage Equipment
21 344 Laboratory Equipment
22 345 Power Operated Equipment
23 346 Communications Equipment
24 347 Miscellaneous Equipment
25 348 Other Tangible Property
26 TOTALS (Add Lines 1 - 25)
10 29904 34833 4929
5 35772 39754 3982
10 1500 1650 150
5 7250 7975 725
I 1697861 1904371 20651
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 12/31/2011
ASSETS Balance
ACCT # DESCRIPTION
1 101 Utility Plant in Service (From Pg 5, Line 29)
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)
7 108.1 Accumulated Depreciation (From Pg 6, Line 26)
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)
14 123 Investment in Subsidiaries
15 125 Other Investments
16 Total Investments (Add lines 14 & 15)
17 131 Cash
18 135 Short Term Investments
19 141 Accts/Notes Receivable - Customers
20 142 Other Receivables
21 145 Receivables from 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)
27 181 Unamortized Debt Discount & Expense
28 183 Preliminary Survey & Investigation Charges
29 184 Deferred Rate Case Expenses
30 186 Other Deferred Charges (Escrow)
31 Total Assets (Add lines 13,16 & 26 - 30)
Balance Increase
End of or
Year Decrease
393581 [I]
393581 0
-190437 -20651

203144 -20651

3178 2158

-850 -850

127061 3406

15034 4714

0 0

218178 -15937
Beginning
of Year
393581
393581
-169786
223795
1020
0
9300
10320
0
234115
Rev 3/02 Page 7
Name:
ACCT #
Ray Elliott, Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 12/31/2011
LIABILITIES & CAPITAL
DESCRIPTION
Balance Balance Increase
Beginning End of or
of Year Year (Decrease)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
201-3 Common Stock
204-6 Preferred Stock
207-13 Miscellaneous Capital Accounts
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)
221 -2 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)
236.11 Accrued Other Taxes Payable
236.12 Accrued Income Taxes Payable
236.2 Accrued Taxes - Non-Utility
237-40 Accrued Debt, Interest & Dividends Payable
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction
253 Other Deferred Liabilities
255.1 Accumulated Investment Tax Credits - Utility
255.2 Accum. Investment Tax Credits - Non-Utility
261-5 Operating Reserves
271 Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. **
281 -3 Accumulated Deferred Income Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LIAB & CAPITAL (Add lines 8 & 30)
** Only if Commission Approved
3000
1559
5761
10320
393581
-169786
223795
234115
3000 0
1559 0
10475 4714
15034 4714
393581 0
-190437 -20651
203144 -20651
218178 -15937
Rev 3/02 Page 8
Name: Ray Elliott, Aspen Creek Water Co.
STATEMENT OF RETAINED EARNINGS
For Year Ended 12/31/2011
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year Income (From Pg 4, Line 32)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year
10320
4714
15034
CAPITAL STOCK DETAIL
No. Shares No. Shares Dividends
7 Description (Class, Par Value etc.) Authorized Outstanding Paid
Common Stock $1 Par Value 500001 30001 0
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
Rev 3/02 Page 9
Name: Ray Elliott, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
For Year Ended 12/31/2011
I Provide an 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,
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated, Pres- (Wood, Steel
(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 12/31/2011
4 Pump information for ALL system pumps, including wells and boosters.
Rated Discharge Energy
Designation or Location Horse Capacity Pressure Used
** 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?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
6 If customers are metered, what was the total amount sold in peak month?
7 Was your system designed to supply fire flows?
If Yes: What is current system rating?
8 How many times were meters read this year?
During which months?
9 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!
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
11,667,474
2,168,775
76,041
N/A
Yes
1000 GPM
July
67
67
Yes
2017
Rev 3/02 Page 11
2 Metered:
2A Residential
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)
Name: Ray Elliott, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 12/31/2011
FEET OF MAINS
In Use Installed Abandoned In Use
I Pipe Beginning During During End of
Size Of Year Year Year Year
CUSTOMER STATISTICS
NumDer 01 uustomers i no sanos or uaiions oom
Last
Year
This
Year
Last
Year
This
Year
38 38 11467 11239
38 38 11467 11239
Rev 3/02 Page 12
CERTIFICATE
State of Idaho
ss
County of
I, the undersigned Ray Elliott and of the Aspen Creek Water Co
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.
Chief Officer)
?A7
(OffØr in Charge of Accounts)
Subscribed and Sworn to Before Me
— — — •1
-...—t4otary Public
My commissiart Expires j 1
jENNINGS
My Commission Expires I
gdk/excel/jnelsonlanulrpts/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
Lake Vista Properties, LLC
10 S. Bear Lake Blvd.
Garden City, Utah 84028
Management company that provides
accounting and management services.
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 was made that a 2' Well be drilled and added to the water system
because of expansion of the subdivision. The Well has been drilled and was completed
in February 2007. No other recommendations have been made at this time.
System Engineering Data- Line 10: Back Bone Plant Additions
A pump house for the new well is expected to be completed in 2012 at an estimated cost
of $15,000. A backup generator and auto switch is also expected to be completed in 2012
at a cost of $30,000. These costs will be provided by the developer.
?7 23 10:39PP1 P1 FR1 MOCEE FPY NJ. 435940.3519
SUMMARY OF RULLS AND RF[)LAflONS
OF THE IDAHO PUBLIC TJU1,I1IIE COMMISSION
GOYXRNT1G CUSTOMILR R114ATEONS OF
NATURAL GAS ELECRXC AND WATEI PUBLIC UIULITIES
UNDIR THE JTJIIISDICTTON OF ME IDAHO
PUBLIC UT[L1'ITES CO1[MiSION
A utility may t -mina10 servim to a cuatomc withcot hislhcc pennsalon jiftor adcq±e notice for the
foilowing rceaoa
A)Non-pe inxucnt bills. I
B)Fthlurc to ahi& by the i=-is ofpaymcit
C)itionofi
) Ubddvrmkaic use ofTheutiIity
B) Nc-iffioicit fubda check
ActIorts custo .may th to avoid tirtoo:
A). Pay in foil or makc pay±oexif arTangeaDanta with th utility ixurpany.
B)A pieiara ceztilIcale atating the etdstencc of a n tedical awr8wq.
C)An infomual of formal complaint concerning the te1ninatiot] may be flied Vnith the irLi[thj:
Mpcu CrWntr co.
10 Soh Bear Lake Blvd.
Garden City, Utah 844M
(435) 94-35O0
Or if you = unable to contact The nIllity company You may Eta with the
Idaho ?itbhc Utilitica Cornm'is,sioc P.O. Box S372),Boja Idaho 83720 or call
3-800-432-0369.
Ccxrlete act ôfotniner Rulcs & R gulailons on file with ASP BN CREEK WATER CO. and the Idaho
Public titiliuiea Cocmuia1on.
Aspen Creek Water Co.
Asset Listing and Depreciation
12-31 -11
Date
Land
Hydrants
2001 Additions 1/1/2001
Total Hydrants
Structures & Imorovements
2001 Additions 1/1/2001
2003 Pumphouse, stairs, doors 1/1/2003
Total Structures & Improv
Resevoirs & Standpipes
2001 Additions 1/1/2001
Total Resevoirs & Standpipes
Power Pumpinci Equip
2001 Additions 1/1/2001
2007 Additions 6/1/2007
2008 Additions 7/1/2008
Total Pumping Equipment
Meters & Meter Installations
2001 Additions 1/1/2001
Total Meters & Meter Install
Transportation & Distribution Mains
2001 Additions 1/1/2001
2004 Additions 1/1/2004
2005 Additions 1/1/2005
Total Transportation & Dist. Mains
Wells
2001 Additions 1/1/2005
2007 Additions 6/1/2007
Total Well
Totals
12/31/2010 CIY 12/31/2011
Life Cost Accm Dep Deprec Accrn Dep
10000 0 0 0
20 14500 7250 725 7975
14500 7250 725 7975
20 10000 5000 500 5500
20 4500 1800 225 2025
14500 6800- 725 7525
20 90000 45000 4500 49500
90000 45000 4500 49500
10 18500 18500 1850 20350
7 17293 9884 2471 12355
7 4258 1520 608 2128
40051 29904 492934833
10 1500 1500 150 1650
5005r 15 0 1650
20 55650 27822 2782 30604
20 15000 5250 750 6000
20 9000 2700 450 3150
79650 35772 3982 39754
20 70000 35000 3500 38500
20 73380 8560 2140 10700
143380 4356Q'•'. 5640$ 9200
393581 169786 20651 190437