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Home My WebLink About2015Annual Report.pdf4sP - tl AIY]Y(IAL REPORT OF kot Ellro I I As p" n CrctK tJ *1<-r c- u , NAME lO S. (}eo, ls-kc Qlvd , (Sa"-J c^ Cf* y . taT ?ul o L? ADDRESS TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED 2015 '{.'c5 er fq 'lttrum C)crm ts==mg(f (,, @ ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31,2015 COMPANY INFORMATION Aspen Creek Water Company, 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 8 9 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? 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? Street Address 10 S. Bear Lake Blvd. City State zip Garden City Phone No Utah 84028 Rev 3/02 Page2 Ray Elliott, Aspen Creek Water Co. COMPANY INFORMATION (Cont.) For the Year Ended 1213112015 15 ls the system operated or maintained under a service contract? 16 lf yes: With whom is the contract? When does the contract exPire? What services and rates are included? 17 ls water purchased for resale through the system? 18 lf yes: Name of Organization nla nla nla 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 31.2'1.01.701? 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 nla $Amount No Yes 1-Apr-02 (New Customers Receive at time of hookup) No nla nla nla Name of owner or operator Mailing Address City State zip Water Purchased nla nla nla Rev 3/02 Page 3 NAME: Rav Elliott. Aspen Creek Water Co. REVENUE & EXPENSE DETAIL For the Year Ended 1213112015 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) I * DEQ Fees Billed separately to customers 10 ** Hookup or Connection Fees Collected 1'l ***Commission Approved Surcharges Collected 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 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 64142 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) 1 8950 1750 20700 Booked to Acct # 1750 Booked to Acct fl 464 Booked to Acct # 1762 1239 8633 4650 Rev 3/02 Page 4 1 361 17645 I Name: Rav Elliott, Aspen Creek Water Co. INCOME STATEMENT For Year Ended 1213112015 ACCT #DESCRIPTION I 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 32 403 406 407 408.10 408.11 408.12 408.13 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) 315 DEQ Fees 409.10 Federal lncome Taxes 409.11 State lncome Taxes 410.10 Provision for Deferred lncome Tax - Federal 410.11 Provision for Deferred lncome Tax - State 411 Provision for Deferred Utility lncome Tax Credits 412 lnvestment Tax Credits - Utility 413 414 415 416 419 420 421 426 408.20 409-20 397 219 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 & 24less lines 21,25,26, &27) Gross lncome (add lines 19 & 28) 427.3 lnterest Exp. on Long-Term Debt 427.5 Other lnterest Charges NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2) 18576 2124 324 324 2448 Rev 3/02 Page 5 ttlame: Rav Elliott, Aspen Creek Water Co. ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended 1213112015 SUB ACCT # Balance Beginning of Year Added During Year Removed During Year Balance End of Year 1 2 3 4 5 6 7 8 I 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 301 302 303 304 305 306 307 308 309 310 311 320 330 331 333 334 335 336 339 340 341 342 343 344 345 346 347 348 DESCRIPTION Organization Franchises and Consents Land & Land Rights Structu res and I mprovements 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 14500 90000 143380 1500 14500 393581 Enter beginning & end of year totals on Pg 7, Line 1 1 0000 14500 90000 143380 40051 79650 1 500 1 4500 393581 Rev 3/02 Page 6 Name: Rav Elliott, Aspen Creek Water Co. ACCUMULATED DEPRECIATION ACCOUNT {08.1 DETAIL For Year Ended 1213112015 1 2 3 4 5 6 7 8 I 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 I mprovements 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 4500 725 5640 3982 15878 306 725 Enter beginning & end of year totals on Pg 7, Line 7 Rev 3/02 Page 7 Name: Ray Elliott, Aspen Creek Water Co. 1 2 3 4 5 6 7 8 I 10 11 12 13 14 '15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 101 102 103 105 114 ACCT # ASSETS DESCRIPTION Utility Plant in Service (From Pg 5, Line 29) Utility Plant Leased to Others Plant Held for Future Use Construction Work in Progress 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 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) 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 BALANCE SHEET For Year Ended 1213112015 (Escrow) Balance Beginning of Year 393581 393581 -241915 1 51 666 3410 23246 31 161 182827 Balance End of Year lncrease or Decrease -1 5878 -1 5878 2458 -1610 1600 2448 -1 3430 131 135 141 142 145 151 162 173 143 181 183 184 186 Total Assets (Add lines 13, 16 & 26 - 30) Rev 3/02 Page 8 Name: Ray Elliott, Aspen Creek Water Co. BALANCE SHEET 12t31t2015For Year Ended LIABILITIES & CAPITAL DESCRIPTION Balance Beginning of Year 31 161 393581 -24191 1 51 666 182827 Balance End of Year lncrease or 1 2 3 4 5 b 7 8 I 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 ACCT # 201-3 Common Stock 204-O 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+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 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 Income Taxes Total Liabilities (Add lines 9 - 29 TOTAL LIAB & CAPITAL ( Add lines I & 30) 2448 2448 -1 5878 -1 5878 -13430 ** Only if Commission Approved Rev 3/02 Page 9 Name: Rav Elliott, Aspen Creek Water Co. STATEMENT OF RETAINED EARNINGS For Year Ended 1213112015 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 lnterest Year-end 31 161 2448 33609 No. Shares No. Shares Dividends lnterest lnterest Rev 3/02 Page 10 Name: Rav Elliott. Aspen Creek Water Co. SYSTEM ENGINEERING DATA For Year Ended 1213112015 Provide an updated system map if significant changes have been made to the system during the year. Water Supply: System Storage: ionation or location Y-750 Creek Rated Capacity Total Capacity 000's Gal. Type of Treatment: (None, Chlorlne Fluoride Filter etc. Usable Capacity 000's Gal. Water SuPPIYAnnual Source Production (Well, Spring, s Gal.Surface Wtr Well Type of Reservoir Construction (Elevated,Pres- (Wood, Steel urized,Concrete Concrete n or Location Tank- (Duplicate form and attach if necessary. Asterisk facilities added this year.) Rev 3/02 Page 1 1 ** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year. Attach additional sheets if inadequate space is available on this page. Name:Rav Elliott. Asoen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 1213112015 Pump information for ALL system pumps, including wells and boosters. Designation or Location Horse Power Rated Capacity & Tvoe of Y-750 n Creek 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? Dudng 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 26507 13,51 1,706 2,51 1,585 88,060 N/A Yes lOOO GPM July 6 7 63 63 10 Yes 11 Rev 3/02 Page 12 2017 Name: Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 1213112015 FEET OF MAINS ln Use Beginning Of Year lnstalled During Year Abandoned During Year ln Use End of Year 2 2A 28 2C 3 3A 3B 3C Metered: Residential Commercial Industrial Flat Rate: Residential Commercial lndustrial Private Fire Protection Public Fire Protection Street Sprinkling Municipal, Other Other Water Utilities Rev 3/02 TOTALS (Add lines 2 through 8) Page 13 CERTIFICATE )ss ) State of {d# Ldrrh 4 Countv ot P re L- 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 My commission Expires A t' f l3 .2O 11 gdUexcel/jnelson/anulrptsy'$/trannualrpi in Charge of Accounts) lly Cornmcron I CIJSZally Conaurrm ErpirerAprit t3,20t9' sI'At.t. (}} I r',tAlt Rev 3/02 Page 14 ,1.til l'lqoJ80t rilt5Ea I rtoearmmo] llleeuqrf ,tora€firwrcJ ImAi0S 0t hrqAll/ I I lr t.llt l/ l-i-=,:Ai-I':'-9 siJlII{ 4ni' of IliLLS Ah.t} AEFLrLATlrjlis 0 I' Tfif I_t.' An O p U BLI C U'rnJ'rII^c C O,\,J I rS S i Cr r\ GC 1ln-lt'r.l].: G C'ti6T0 IIER t'-giir.n o XS O r -\.-4.]-L]}:/J GAS, ELECTIJC AI} S.AIEII }TB],IC Lry{IL]TIns LrNIrrr: TEr ft'rlsDl c-ri cai o rl rire m/-E 0 I'LGLI C LITILI TIES C O,dt"trSsi 0 I I A u-jl-i-r nle', ::]iaoi. 9a-{r>:..1i, t u-Jr.oiTg re.-rrl: b:r'rr t€Tr)jrl-/- zf-:;'crc;',t:.t:*r|s>=i:s:':it, frji;rs:.-rg i=sr: i' J.. )'>:;^1=,:= Cl Ce-r':::=r blh l i r. t i*,:--<i.--- -{,,--,.-.i--: :-_i-. :;,-*-*:-r-- --- L-a)J- i'i-r', I i:.:-=-.=:.g1 rtl;:.>r.J-- g u:,.: f fu:;-ji:,' , a:- --.=^ - i-.+ .l^-:,. I., -a=-!:aacf :!j=-'.If -.:.=k-:lg-;=3.:=.={f :=:--: j r.a: i-. ::r c:==.:: --*-.-== =-!:E=-!:;:-;; ita if--r c;--.r--:-..-1 :C-l f . ij*=:- cj f.'::'rc.. cr=r-,i:r. t:ri.==4-li;= -it:=je: r:-; i: fl= --i,a tl= ,;u,.1: i;J:-,-, Cr.i },t si? G._. t0 Srifr E-s Lz<eBivl 5---= Cii. Lri: E14it !.|lti 9u' '-3i;fi i. : iiy.:- a-: uiei;ic i., 6-:-ra:i Et udq' or-:p=r;, i-ro..: =-a' ii: pl3 t,,tjeio Piib[.: ljd]fts Cc.-n;rasii;:' P-0, tsor: ?.37ZtJ-Ecjw l&.lc 8jl2t: or*I .. l-31,14324-i5t. ] i i I Cg=2\*e r-. ds,=.c=s'P-,:-i= &- F-cgL:::iicr ct 5x rri: ,' r:Pal CFJII. E'/-TEF- C0. *-:: l",3 it!b{ IPubli: titi'i:.i'= C.-s-^r,r.rxi+.-. i i I i Aspen Creek Water, Co. Attachment to Annual Report Line 11: Affiliated Companies Executive Recreational Properties l0 S. Bear Lake Blvd. Garden City, Utah 84028 Lake Vista Properties, LLC l0 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 bv Division of Environmental Ouality 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. Svstem Eneineerine Data- Line 10: Back Bone Plant Additions A pump house for the new well is expected to be completed in 2016 at an estimated cost of $15,000. A backup generator and auto switch is also expected to be completed in 2016 at a cost of $30,000. These costs will be provided by the developer. Aspen Creek Water Co. Asset Listing and Depreciation 12-31-15 Land Hvdrants 2001 Additions TotalHydrants Structures & lmprovements 2001 Additions 2003 Pumphouse, stairs, doors Total Structures & lmprov Resevoirs & Standpipes 2001 Additions Total Resevoirs & Standpipes Power Pumpinq Equip 2001 Additions 2007 Additions 2008 Additions Total Pumping Equipment Meters & Meter lnstallations 2001 Additions TotalMeters & Meter lnstall. Transportation & Distribution Mains 2001 Additions 2004 Additions 2005 Additions TotalTransportation & Dist. Mains Wells 2001 Additions 2007 Additions TotalWell Totals Date Life 1t1t2001 1t1t2001 1t1t2003 111t2001 20 1t1t2001 6t1t2007 711t2008 1t1t2001 1t1t2001 1t1t2004 111t2005 1t1t2005 611t2007 12131t2014 C/Y 1213112015Cost Accm Dep Deprec Accm Dep 10000 0 0 0 20 14500 10150 725 10875 500 225 725 20 20 10 7 7 20 20 20 10 14500 10000 4500 14500 90000 90000 1 8500 17293 4258 40051 1 500 1 500 55650 1 5000 9000 79650 70000 73380 143380 393581 10150 7000 2700 9700 63000 63000 1 8500 17293 3952 39745 1500 1 500 38950 8250 4500 51700 49000 17120 66120 241915 725 4500 4500 306 306 0 2782 750 450 3982 10875 7500 2925 10425 67500 67500 1 8500 17293 4258 40051 1 500 1 500 41732 9000 4950 5s682 20 20 3500 525002140 19260 5640 71760 15878 257793