HomeMy WebLinkAbout2013Annual Report.pdfAsv\,t/
A]YIYTIAL REPORT
OF
NAME
RAY ELLIOTT
ASPEN CREEK WATER CO
IO S BEAR LAKE BLVD
GARDEN CITY UT 84028
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2013
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31, 2013
COMPANY INFORMATION
Aspen Creek Water Companv, lnc.Give full name of utility
Telephone Area Code ( )
E-mailaddress
Date of Organization
Organized under the laws of the state of
Address of Principal Office (number & street)
P.O. Box (if applicable)
City
State
Zip Code
Organization (proprietor, partnership, corp.)
Towns, Counties served
435-946-3500
vista@bearlake.com
2
3
4
5
6
7
I
o
10
12t28t1999
ldaho
10 S. Bear Lake Blvd.
Garden City
Utah
84028
Corporation
Fish Haven, ldaho
11 Are there any affiliated companies?Yes
lf yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
12 Contact lnformation
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?
lf 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
City
State
zip
10 S. Bear Lake Blvd.
Garden City
Phone No
No
Utah
84028
Norman Mecham
Rev 3/02 Page 1
NAME: Rav Elliott. Aspen Creek Water Co.
COMPANY INFORMATION (Cont.)
For the Year Ended 1213112013
15 ls the system operated or maintained under a
service contract?
16 lf yes: With whom is the contract? nla
When does the contract expire? nla
What services and rates are included? n/a
17 ls water purchased for resale through the system?
18 lf yes: Name of Organization nla
Name of owner or operator ila
Mailing Address
City
State
zip
Water Purchased
19 Has any system(s) been disapproved by the
ldaho Division of Environmental Quality?
lf yes, attach full explanation
20 Has the ldaho Division of Environmental Quality
recommended any improvements?
lf 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?
lf yes, attach full explanation
and an updated system map
Gallons/CCF $Amountnta I
Yes
1-Apr-02 (New Customers Receive at
time of hookup)
No
No
No
nla
nla
nla
No
Rev 3/02 Page 3
NAME. nav fttiott, nspen
REVENUE & EXPENSE DETAIL
For the Year Ended 1213112013
ACCT #DESCRIPTION
1
2
3
4
5
6
7
8
I
10
11
460
461.1
461.2
462
464
465
466
400
4OO REVENUES
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, Industrial
Fire Protection Revenue
Other Water Sales Revenue
lrrigation 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
** Hookup or Connection Fees Collected
***Commission Approved Surcharges Collected
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 & Fuelfor Power
618 Chemicals
620.1-6 Materials & Supplies - Operation & Maint.
620.7-8 Materials & Supplies - Administrative & General
631-34 Contract Services - Professional
635 Contract Services - Water Testing
636 Contract Services - Other
641-42 Rentals - Property & Equipment
650 Transportation Expense
656-59 lnsurance
660 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)
670 Bad Debt Expense
675 Miscellaneous
Total Operating Expenses (Add lines {2 - 32, also enter on Pg 4, Iine 2)
1 9670
3500
23170
Booked to Acct #
3500 Booked to Acct #
Booked to Acct #
841 0
753
835
955
464
12
'13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
4657
Rev 3/02 Page 4
850
16460
Name: Rav Elliott, Aspen Creek Water Co.
ACCT #
For Year Ended
DESCRIPTION
INCOME STATEMENT
12t31t2013
1
2
3
4
5
6
7
8
9A
9B
9C
9D
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
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
PayrollTaxes
Other Taxes (list)
23170
16460
403
406
407
408.10
408.1 1
408.12
408.1 3
291
DEQ Fees
409.10 Federal lncome Taxes
409.11 State lncome Taxes
410.10 Provision for Deferred Income Tax - Federal
410.11 Provision for Deferred lncome Tax - State
411 Provision for Deferred Utility Income Tax Credits
412 lnvestment Tax Credits - Utility
413
414
415
416
419
420
421
426
408.20
409-20
427.3
427.5
671
354
Total Expenses from operations before interest (add lines 2-15)
lncome From Utility Plant Leased to Others
Gains (Losses) From Disposition of Utility Plant
Net Operating lncome (Add lines 1,17 &18less line 16)
Revenues, Merchandizing Jobbing and Contract Work
Expenses, Merchandizing, Jobbing & Contracts
lnterest & Dividend lncome
Allowance for Funds used During Construction
Miscellaneous Non-Utility lncome
Miscellaneous Non-Utility Expense
Other Taxes, Non-Utility Operations
lncome Taxes, Non-Utility Operations
Net Non-Utility lncome (Add lines 20,22,23 & 24 less lines 21 ,25,26, &27)
Gross lncome (add lines 19 & 28)
lnterest Exp. on Long-Term Debt
Other lnterest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
17776
5394
5394
Rev 3/02 Page 5
5394
Name:
SUB
ACCT #
Rav Elliott. Asoen Creek Water Co.
ACCOUNT 101 PLANT IN SERVICE DETATL
For Year Ended 1213112013
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
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'l
302
303
304
30s
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
341
342
343
344
345
346
347
348
DESCRIPTION
Organization
Franchises and Consents
Land & Land Rights
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTAL PLANT IN SERVICE
(Add lines 1 -28)
1 0000
1 4500
1 500
14500
393581
Enter beginning & end of year totals on Pg 7, Line '1
90000
'10000
14500
90000
143380
40051
79650
1 500
14500
Rev 3/02 Page 6
Name: Rav Elliott. Aspen Creek Water Co.
ACGUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 1213112013
1
2
3
4
5
6
7
I
o
10
11
12
13
14
15
16
17
18
'19
20
21
22
23
24
25
26
SUB
ACCT #
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
341
342
343
344
345
346
347
348
DESCRIPTION
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
Depreciation
Rate
Yo
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
Decrease
725
4500
725
18647
Enter beginning & end of year totals on Pg7, LineT
Rev 3/02 Page 7
I
Name: Ray Elliott, Aspen Creek Water Co.
1
2
3
4
5
o
7
8
I
10
11
12
13
14
15
16
17
18
'19
20
21
22
23
24
25
26
27
28
29
30
3'1
181
183
184
186
ACCT #
ASSETS
DESCRIPTION
101 Utility Plant in Service (From Pg 5, Line 29)
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)
108.1 Accumulated Depreciation (From Pg 6, Line 26)
108.2 Accum. Depr. - Utility Plant Lease to Others
108.3 Accum. Depr. - Property Held for Future Use
1't0.1 Accum. Amort. - Utility Plant in Service
110.2 Accum. Amort. - Utility Plant Lease to Others
'1 15 Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - 12)
123 lnvestment in Subsidiaries
125 Other lnvestments
Total lnvestments (Add lines 14 & 15)
131 Cash
135 Short Term lnvestments
141 Accts/Notes Receivable - Customers
142 Other Receivables
145 Receivables from Associated Companies
151 Materials & Supplies lnventory
162 Prepaid Expenses
173 Unbilled (Accrued) Utility Revenue
143 Provision for Uncollectable Accounts
TotalCurrent (Add lines 17 -24less line 25)
Unamortized Debt Discount & Expense
Preliminary Survey & lnvestigation Charges
Deferred Rate Case Expenses
Other Deferred Charges (Escrow)
TotalAssets (Add lines 13, 16 & 26 - 30)
BALANCE SHEET
For Year Ended 1213112013
Balance
Beginning
of Year
39358'1
393581
-207088
1 86493
1 3436
19926
206419
Balance
End of
Year
lncrease
or
Decrease
-18647
-18647
4110
5394
-13253
-75
924
360
Rev 3/02 Page 8
Name: Rav Elliott. Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 1213112013
1
2
3
4
5
o
7
8
o
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
ACCT #
LIABILITIES & GAPITAL
DESCRIPTION
201-3 Common Stock
204-6 Preferred Stock
207 -13 Miscellaneous Capital Accounts
214 AppropriatedRetainedEarnings
215 UnappropriatedRetainedEarnings
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7less 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 CustomerDeposits(Refundable)
236.11 Accrued Other Taxes Payable
236.12 Accrued lncome Taxes Payable
236.2 Accrued Taxes - Non-Utility
237-40 Accrued Debt, lnterest & Dividends Payable
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction
253 Other Deferred Liabilities
255.1 Accumulated lnvestment Tax Credits - Utility
255.2 Accum. lnvestment 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 lncome Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LIAB & CAPITAL ( Add lines 8 & 30)
Balance
Beginning
of Year
393581
-207088
1 86493
206419
Balance
End of
Year
lncrease
or
Decrease
5394
5394
-18647
-18647
-13253
** Only if Commission Approved
Rev 3/02 Page 9
:
Name: Ray Elliott, Aspen Creek Water Co.
STATEMENT OF RETAINED EARNINGS
For Year Ended 1213112013
1
2
3
4
5
6
Retained Earnings Balance @ Beginning of Year
Amount Added from Current Year lncome (From Pg 4, Line 32)
Other Credits to Account
Dividends Paid or Appropriated
Other Distributions of Retained Earnings
Retained Earnings Balance @ End of Year
CAPITAL STOCK
Descriotion (Class, Par Value etc.)
Common Stock $1 Par Value
DETAIL OF LONG.TERM DEBT
lnterest Year-end
DETAIL
No. Shares
19926
5394
25320
No. Shares Dividends
Interest lnterest
Rev 3/02 Page 10
Name: Rav Elliott, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
For Year Ended 1213112013
Provide an updated system map if significant changes
Water Supply:
Desionati or location
Y-750 Creek
System Storage:
have been made to the system during the year
Rated
Capacity
Total
Capacity
000's
Gal.
Type of
Treatment:
(None, Chlorine
Fluoride
Filter etc.
Usable
Capacity
000's
Gal.
Water
SupplyAnnual Source
Production (Well, Spring,
Surface
Well
Type of
Reservoir Construction
(Elevated,Pres- (Wood, Steel
urized,Concrete
Concrete
Gal.
on or Location
e Tank- Aspen Creek
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Rev 3/02 Page 11
'* Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
i
Name: Ray Elliott, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 1213112013
Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Power
Rated
Capacity
& Tvoe of PumD**
Y-750
lf 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?
lf customers are metered, what was the total amount sold in peak month?
Was your system designed to supply fire flows?
lf Yes: What is current system rating?
How many times were meters read this year?
During which months?
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?
Are backbone plant additions anticipated during the coming year?
lf Yes, attach an explanation of projects and anticipated costs!
ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
Discharge
Pressure
Energy
Used
This Year
24043
12,255,515
2,278,082
79,873
N/A
Yes
lOOO GPM
o
7
Julv
64
64
10 Yes
11
Rev 3i02 Page 12
2017
i.
Name: Ray Elliott, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 1213112013
FEET OF MAINS
ln Use
Beginning
Of Year
Pipe
Size
2 Metered:
2A Residential
28 Commercial
2C lndustrial
3 Flat Rate:
3A Residential
38 Commercial
3C lndustrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
Abandoned
During
Year
Thousands of Gallons Sold
lnstalled
During
Year
In Use
End of
Year
CUSTOMER STATISTICS
Number of Customers
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 13
GERTIFIGATE
state or@ lr.lal^Pf
countv ot &-d-(J
l, 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.
Subscribed and Sworn to Before Me
gdUexcel/jnelson/anulrpts^rtrannualrpl
Charge of Accounts)
N(IIARY PUBLIC
rATHY LI{SLOP
STA'I'E OF UTAH
Rev 3/02 Page 14
Aspen Creek Watero Co.
Attachment to Annual Report
Line 11: Affiliated Companies
Executive Recreational Properties Management company that provides
10 S. Bear Lake Blvd. accounting and management services.
Garden City, Utah 84028
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 bv Division of Environmental Oualitv
Recommendation was made that a2nd 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 Eneineerine Data- Line l0: Back Bone Plant Additions
A pump house for the new well is expected to be completed in 2014 at an estimated cost
of $15,000. A backup generator and auto switch is also expected to be completed in 2014
at a cost of $30,000. These costs will be provided by the developer.
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