The URL can be used to link to this page

Home My WebLink About2012Annual Report.pdfANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31, 2012 COMPANY INFORMATION 1 Give full name of utility Aspen Creek Water Company, Inc. Telephone Area Code ( ) 435-946-3503 E-mail address vista(äbearlake. corn 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 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 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 Rev 3/02 Page 1 NAME: Ray Elliott, Aspen Creek Water Co. COMPANY INFORMATION (Cont.) For the Year Ended 12/31/2012 15 Is the system operated or maintained under a service contract? No 16 If yes: With whom is the contract? When does the contract expire? What services and rates are included? n/a 17 Is water purchased for resale through the system? No 18 If yes: Name of Organization Name of owner or operator n/a Mailing Address City State n/a Zip Gallons/CCF $Amount 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 Pate 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 n/a No Yes 0 0 0 0 1-Apr-02 (New Customers Receive at time of hookup) Rev 3/02 Page 2 NAME: ACCT # Ray Elliott, Aspen Creek Water Co. REVENUE & EXPENSE DETAIL For the Year Ended 12/31/2012 DESCRIPTION 400 REVENUES 460 Unmetered Water Revenue 18860 461.1 Metered Sales - Residential 461.2 Metered Sales - Commercial, Industrial 462 Fire Protection Revenue 464 Other Water Sales Revenue 3500 465 Irrigation Sales Revenue 466 Sales for Resale 400 Total Revenue (Add Lines 1 - 7) 22360 (also enter result on Page 4, line 1) * DEQ Fees Billed separately to customers Booked to Acct # ** Hookup or Connection Fees Collected 3500 Booked to Acct 4 ***Commission Approved Surcharges Collected Booked to Acct # 401 OPERATING EXPENSES 601.1-6 Labor - Operation & Maintenance 601.7 Labor - Customer Accounts 601.8 Labor - Administrative & General 603 Salaries, Officers & Directors 604 Employee Pensions & Benefits 610 Purchased Water 615-16 Purchased Power & Fuel for Power 7826 618 Chemicals 620.1-6 Materials & Supplies - Operation & Maint. 2851 620.7-8 Materials & Supplies - Administrative & General 631-34 Contract Services - Professional 4625 635 Contract Services - Water Testing 636 Contract Services - Other 641-42 Rentals - Property & Equipment 650 Transportation Expense 656-59 Insurance 736 660 Advertising 666 Rate Case Expense (Amortization) 667 Regulatory Comm. Exp. (Other except taxes) 670 Bad Debt Expense 675 Miscellaneous 806 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) 16844 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 32 33 A 1A Rev 3/02 Page 3 Name: Ray Elliott, Aspen Creek Water Co. INCOME STATEMENT For Year Ended 12/31/2012 ACCT # DESCRIPTION 1 Revenue (From Page 3, line 8) 22360 2 Operating Expenses (From Page 3, line 33) 16844 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 95 8 408.12 Payroll Taxes 9A 408.13 Other Taxes (list) DEQ Fees 9B 9C 9D 10 409.10 Federal Income Taxes 325 11 409.11 State Income Taxes 204 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) 17468 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) 4892 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) 4892 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) 4892 Rev 3/02 Page 4 Name: Ray Elliott, Aspen Creek Water Co. ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended 12/31/2012 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 29 TOTAL PLANT IN SERVICE 393581 (Add lines 1 - 28) Enter beginning 10000 14500 90000 143380 40051 79650 1500 14500 393581 & end of year totals on Pg 7, Line 1 Rev 3/02 Page 5 Name: Ray Elliott, Aspen Creek Water Co. ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL For Year Ended 12/31/2012 Depreciation Balance Balance Increase Rate Beginning End of or % of Year Year (Decrease) 5 7525 8250 725 5 49500 54000 4500 5 49200 54840 5640 10 34833 36062 1229 5 39754 43736 3982 10 1650 1500 -150 5 7975 8700 725 190437 207088 16651 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) Enter beginning & end ot year totals on i-'g (,Line I Rev 3/02 Page 6 Name: Ray Elliott, Aspen Creek Water Co. BALANCE SHEET For Year Ended 12/31/2012 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 393581 0 -207088 -16651 186493 -16651 65651 3387 -751 775 134361 730 19926 4892 0 0 206419 -11759 Beginning of Year 393581 393581 -190437 203144 3178 -850 12706 15034 0 218178 Rev 3/02 Page 7 Name: ACCT# Ray Elliott, Aspen Creek Water Co. BALANCE SHEET For Year Ended 12/31/2012 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 31 201-3 204-6 207-13 214 215 216 218 221-2 223 224 231 232 233 235 236.11 236.12 236.2 237-40 241 251 252 253 255.1 255.2 261-5 271 272 281-3 TOTAL Common Stock Preferred Stock Miscellaneous Capital Accounts Appropriated Retained Earnings Unappropriated Retained Earnings Reacquired Capital Stock Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6) Bonds Advances from Associated Companies Other Long - Term Debt Accounts Payable Notes Payable Accounts Payable - Associated Companies Customer Deposits (Refundable) Accrued Other Taxes Payable Accrued Income Taxes Payable Accrued Taxes - Non-Utility Accrued Debt, Interest & Dividends Payable Misc. Current & Accrued Liabilities Unamortized Debt Premium Advances for Construction Other Deferred Liabilities Accumulated Investment Tax Credits - Utility Accum. Investment Tax Credits - Non-Utility Operating Reserves Contributions in Aid of Construction Accum. Amort. of Contrib. in Aid of Const. ** Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 -29 LIAB & CAPITAL (Add lines 8&30) ** Only if Commission Approved 3000 1559 10475 15034 393581 -190437 203144 218178 3000 0 1559 0 15367 4892 19926 4892 393581 0 -207088 -16651 186493 -16651 206419 -11759 Rev 3/02 Page 8 Name: Ray Elliott, Aspen Creek Water Co. STATEMENT OF RETAINED EARNINGS For Year Ended 12/31/2012 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 15034 4892 19926 CAPITAL STOCK DETAIL No. Shares No. Shares Dividends 7 Description (Class, Par Value etc.) Common Stock $1 Par Value 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 12/31/2012 1 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 12/31/2012 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? 11,784,149 2,190,463 76,801 N/A Yes 1000 GPM July 65 65 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 12/31/2012 FEET OF MAINS In Use Installed Abandoned In Use 1 Pipe Beginning During During End of Size Of Year Year Year Year CUSTOMER STATISTICS umoer OT ustomers ino'sanas 01 uaiions Last Year This Year Last Year This Year 40 38 11784 11467 40 38 11784 11467 Rev 3/02 Page 12 CERTIFICATE LLT State of )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. rChief (Officer in Charge of Accounts) Subscribed and Sworn to Before Me this j_dayof 0I3 4LdAa a NOTARY PUBLIC My Commission Expires - 'BUC -. "•• L OF UTAH gdkfexcel/jnelson/anulrpts/wtrannualrpt NOTARY PUBLIC SANDRA A LEVAN *IIIII\ COMMISSION STATE O UTAH 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 2nd 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 En2ineerin2 Data- Line 10: Back Bone Plant Additions A pump house for the new well is expected to be completed in 2013 at an estimated cost of $15,000. A backup generator and auto switch is also expected to be completed in 2013 at a cost of $30,000. These costs will be provided by the developer. * FREM : T1CK FRY : 43594t519 27 22 1 391 Ri SUMMARY OF RULES AND RE[)LAT1ONS OF THE IDAhO PUBLIC TJTUJIIE$ COMMISSION GO YKPR[N C GUSTOMFR RFIAflONS OF ATUkAL GAS, ELECTRIC AND WATEJ PUBLIC UTUTJITIES UtW1R TilE JTJIUSDIcTION O11 THE IDAHO PUBLIC UT[LIITES CO ION A vffEty my tezmiaeie to a customc wifixit hiethee pum SBIDO xfto aguete jxjtke for the fofloiig rcascms: A)N oo-pofdtitbI1h. B)FTht to abi& by the t=-ms ofpaymcot C)Mztkoofideitlty D)Unazddivskntheutility E)tont finds thok. AtioT cstrthmay take -W avthd tinatioo: A)- Pay in full or]Ike peymed amngeeLs th utility eeuiny. B)A payakins ceefffca1e stati±ig the etds1ece of iR n edic] muorgmi7y. C)An iuformi of formel cc= lamt coroethng the te iatioo may be fled 'ith the utility: It) S oth Bear Lake Blvd, Gardeu City, Utah 9 28 (435)946-3500 Or if yoo Bxr, imeble to contact the utility company yDu may tho with the Idaho Public Urilkits Commissiw4 P.O. Box S3720,Boiee Idaho 83720 or cell 1400--432--0369. Ccap1ete at ôfmstor RuIcs & Rcgulatiorie on file with ASPEN CREEK WATER CO. ergi the Idaho Public Lft[Utlea Cmialci. I