2014Annual Report.pdf

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A]YIYUAL REPORT
OF
R., E ltio ++
ftS P. N C fe-uK V o*c. Co ,
NAME
lO S. {3e..n L.-K- Blwd
Gan/ e,v C J*y u\T 8.1ozt
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES GOMMISSION
FOR THE
YEAR ENDED Zotl
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIG UTILITIES COMMISSION
FOR THE YEAR ENDING December 31,2014
1 Give full name of utility
Telephone Area Code ( )
E-mailaddress
2 Dale 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
Street Address
City
State
zip
COMPANY INFORMATION
Aspen Creek Water Companv, lnc.
435-946-3500
vistatObearlake.com
12t28t1999
ldaho
10 S. Bear Lake Blvd.
Garden City
Utah
84028
Name Phone No.
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? No
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?
Rev 3/02 Page 2
ruAUf: Rav Elliott, Aspen Creek Water Co.
COMPANY !NFORMATION (Cont.)
For the Year Ended 1213112014
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 nla
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
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
time of hookup)
No
No
nla
nla
nla
nla
No
of Rules required by IDAPA 31.21.01.701? 1-Apr-tQ!(New Customers Receive at
No
Rev 3/02 Page 3
' NAME: Rav Elliott. Asoen Creek Water Co.
REVENUE & EXPENSE DETAIL
For the Year Ended 1213112014
ACCT # DESCRIPTION
4OO REVENUES
1 460 Unmetered Water Revenue
2 461.1 Metered Sales - Residential
3 461.2 Metered Sales - Commercial, lndustrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 lrrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
9 * DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
40' 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
19 618 Chemicals
20 620.1-6 Materials & Supplies - Operation & Maint.
21 620.7-8 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 lnsurance
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)
3500
1 9670
23170
Booked to Acct #
3500 Booked to Acct fl 464
Booked to Acct #
8328
4875
1210
971
Rev 3/02 Page 4
1149
1 6533
' Nime: Ray Elliott, Aspen Creek Water Co.
INCOME STATEMENT
For Year Ended 1213112014
ACCT # DESCRIPTION
1 Revenue (From Page 3, line 8)
2 Operating Expenses (From Page 3, line 33)
3 403 Depreciation Expense
4 406 Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC)
7 408.1'l Property Taxes
8 408J2 PayrollTaxes
9A 408.13 OtherTaxes (list) DEQ Fees
1 6533
9B
9C
9D
10 409.10 Federal lncome Taxes
11 409j1 State lncome Taxes
12 410.10 Provision for Deferred lncome Tax - Federal
13 410.11 Provision for Deferred lncome Tax - State
14 411 Provision for Deferred Utility Income Tax Credits
15 412 lnvestment Tax Credits - Utility
16 Total Expenses from operations before interest (add lines 2-15)
17 413 lncome From Utility Plant Leased to Others
18 414 Gains (Losses) From Disposition of Utility Plant
19 Net Operating lncome (Add lines 1, 17 &18less line 16)
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 lnterest & Dividend lncome
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility lncome
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes, Non-Utility Operations
27 409-20 lncome Taxes, Non-Utility Operations
28 Net Non-Utility lncome (Add lines 20,22,23 & 24 less lines 21 ,25,26, &27)
29 Gross lncome (add lines 19 & 28)
30 427.3 lnterest Exp. on Long-Term Debt
31 427.5 Other lnterest Charges
32 NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
23170
321
293
182
17329
5841
5841
Rev 3/02 Page 5
5841
Name: Rav Elliott, Aspen Creek Water Co.
ACCOUNT 101 PLANT !N SERVICE DETAIL
For Year Ended 1213112014
SUB
ACCT #
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
1
2
3
4
5
6
7
I
9
10
11
12
13
14
15
16
17
'18
19
20
21
22
23
24
25
26
27
28
29
301
302
303
304
305
306
307
308
309
310
311
320
330
331
333
334
33s
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)
143380
1 500
14500
393581
Enter beginning & end of year totals on Pg 7, Line 1
I 43380
1 0000
14500
90000
40051
79650
1 500
14500
393581
Rev 3/02 Page 6
Name: Rav Elliott. Aspen Creek Water Co.
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 1213112014
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
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 Equ ipment
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
o/o
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
4500
725
5640
3982
725
16180
608
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 7
Name: Ray Elliott, Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 1213112014
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 #
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
110.1 Accum. Amort. - Utility Plant in Service
110.2 Accum. Amort. - Utility Plant Lease to Others
115 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
135
141
142
145
151
162
173
143
181
183
184
186
Cash
Short Term lnvestments
Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies lnventory
Prepaid Expenses
Unbilled (Accrued) Utility Revenue
Provision for U ncollectable 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
Beginning
of Year
393581
393581
-225735
167846
4035
1 3796
1 931 66
Balance
End of
Year
lncrease
or
-'16180
-16180
-2984
-625
9450
5841
-'10339
Rev 3/02 Page 8
Ray Elliott, Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 1213112014
ACCT #
LIABILITIES & CAPITAL
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
Balance
Beginning
of Year
393581
-225735
1 93166
Balance
End of
Year
1
2
3
4
5
b
7
I
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
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 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 lncome Taxes Payable
Accrued Taxes - Non-Utility
Accrued Debt, lnterest & Dividends Payable
Misc. Current & Accrued Liabilities
Unamortized Debt Premium
Advances for Construction
Other Deferred Liabilities
Accumulated lnvestment Tax Credits - Utility
Accum. lnvestment Tax Credits - Non-Utility
Operating Reserves
Contributions in Aid of Construction
Accum. Amort. of Contrib. in Aid of Const. **
Accumulated Deferred lncome Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LIAB & CAPITAL ( Add Iines 8 & 30)
167846
-16180
-16180
-1 0339
** Only if Commission Approved
Rev 3/02 Page 9
Rav Elliott. Asoen Creek Water Co.
STATEMENT OF RETAINED EARNINGS
For Year Ended 1213112014
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 DETAIL
Description (Class, Par Value etc.)
Common Stock $1 Par Value
DETAIL OF LONG.TERM DEBT
25320
s841
31 161
No. Shares No. Shares Dividends
Descri
N/A
lnterest
Rate
Year-end
Balance
lnterest
Paid
lnterest
Accrued
Rev 3/02 Page 10
Name: Ray Elliott, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
For Year Ended 1213112014
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply: Type of WaterTreatment: SupplyRated (None, Chlorine Annual SourceCapacity Fluoride Production (Well, Spring,
or location
3 System Storage:
Total
Capacity
000's
Gal.
Usable
Capacity
000's
Gal.
Type of
Reservoir Construction
(Elevated,Pres- (Wood, Steel
ion or Location
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Rev 3/02 Page 'll
Y-750
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
Nime: Rav Elliott, Aspen Creek Water Co.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 1213112014
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
RatedHorse Capacity
& Tvoe of Power
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
25245
12,868,291
2,391,986
83,867
N/A
Yes
lOOO GPM
July
63
63
10 Yes
11
Rev 3/02 Page 12
2017
N'ame: Rav Elliott. Aspen Creek Water Co.
1 Pipe
Size
SYSTEM ENGINEER!NG DATA
(continued)
For Year Ended 1213112014
FEET OF MAINS
ln Use
Beginning
Of Year
lnstalled
During
Year
2
2A
28
2C
3
3A
3B
3C
4
5
Metered:
Residential
Commercial
lndustrial
Flat Rate:
Residential
Commercial
lndustrial
Private Fire Protection
Public Fire Protection
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
TOTALS (Add lines 2 through 8)
Page '13
CERTIFICATE
State of ldaho
Countv of
SS
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
uis ?-ta^v ot JLntnrS , @15
NOTARY PUBLIC
MycommissionExpires 8l t5 ^ 'g
gdUexcel/jnelson/anulrpts/Mrannualrpl
Charge of Accounts)
Rev 3/02 Page 14
Aspen Creek Water, 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
l0 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 Ouality
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 10: Back Bone Plant Additions
A pump house for the new well is expected to be completed in 2015 at an estimated cost
of $15,000. A backup generator and auto switch is also expected to be completed in 2015
at a cost of $30,000. These costs will be provided by the developer.
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Aspen Greek Water Co.
Asset Listing and Depreciation
12-31-14
Land
Hvdrants
2001 Additions
Total Hydrants
Structures & Improvements
2001 Additions
2003 Pumphouse, stairs, doors
Total Structures & lmProv
Resevoirs & Standpioes
2001 Additions
Total Resevoirs & StandPiPes
Power Pumpinq Equip
2001 Additions
2007 Additions
2008 Additions
Total Pumping EquiPment
Meters & Meter lnstallations
2001 Additions
Total Meters & Meter lnstall.
Transportation & Distribution Mains
2001 Additions
2004 Additions
2005 Additions
TotalTransportation & Dist. Mains
Wells
2001 Additions
2007 Additions
TotalWell
Totals
Date Life
1t1t2001
1213112013Cost Accm Dep
10000 0
14500 9425
c/Y 1213112014
Deprec Accm Deo
00
725 '1015020
14500
1 0000
4500
14500
90000
90000
1 8500
17293
4258
40051
1 500
1 500
55650
1 5000
9000
79650
70000
73380
143380
393581
9425
6500
2475
8975
58500
58500
1 8500
17293
3344
39137
1 500
't500
361 68
7500
4050
47718
45500
14980
60480
225735
4500
4500 63000
1 8500
17293
3952
39745
1 500
1 500
38950
8250
4500
51 700
725 10150
1t1t2001
1t1t2003
111t2001 20
1t1t2001
6t1t2007
7t1t2008
1t112001
1t1t2001
1t112004
11112005
1t1t2005
6t1t2007
20
20
500 7000225 2700
725 9700
63000
608
10
7
7
10
608
3500 490002140 17120
5640 66120
16180 241915
20
20
20
20
20
2782
750
450
3982