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Home My WebLink About2017Annual Report.pdfAS?- L^) A]Y]YTIAL REPORT OF RoZ El I ,' o*t F.ECTIVED l0ltfiY -7 llH 9: 52 ,-i: r I t t'i.:,',i[,qi$$l0hi e n ,<o NAME lO S,Ben. L"^l<< Blud, G"r-rl.n C;*v. L^-r tlozt ADDRESS TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED 2017 rC^L ANNUAL REPORT FOR WATER UTILITIES TC THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31,2017 COMPANY INFORMATION RECEIVED ?il18 }{AY -7 AH 9: 53 i 1"),r.,i.l ;-i PiJ iiLlc I : r'l'..'i;t::i COfr{tillSSlON 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 Aspen Creek Water Company, lnc. 435-946-3500 vista@bearlake.com 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 Name 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 10 S. Bear Lake Blvd. City Garden City State Utah 84028 Bart Mckinnon Patrick Mckinnon A.Elliott A.Elliott Janie Sorochuk Bart Mckinnon Bart Mckinnon Janie Sorochuk Phone No 435-946-3500 435-946-3500 435-946-3500 No Rev 3/02 Zip Page 1 NAME: Rav Elliott. Aspen Creek Water Co. COMPANY !NFORMATION (Cont.) For the Year Ended 1213112017 15 ls the system operated or maintained under a service contract? 16 lf yes: \Mth whom is the contract? When does the contract expire? No nla nla \Mat services and rates are included? n/a 17 ls water purchased for resale through the system? 18 lf yes: Name of Organization nla No Name of owner or operator Mailing Address City State zip nla nla nla nla nla Gallons/CCF $Amount 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 nla No Yes 0 0 0 0 1-Apr-02 (New Customers Receive at time of hookup) No Rev 3/02 Page 2 NAME: Rav Elliott, Aspen Creek Water Co. ACCT # REVENUE & EXPENSE DETAIL For the Year Ended 1213112017 DESCRIPTION I 2 3 4 5 6 7 8 4OO REVENUES 460 Unmetered Water Revenue 461.1 Metered Sales - Residential 461.2 Metered Sales - Commercial, lndustrial 462 Fire Protection Revenue 464 Other Water Sales Revenue 465 lrrigation Sales Revenue 466 Sales for Resale 400 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 21210 I 10 11 21210 Booked to Acct # Booked to Acct # Booked to Acct # 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 601.1-6 601.7 601,8 603 604 610 61 5-16 618 620.1-6 620.7-8 631-34 635 636 641-42 650 656-59 660 666 667 670 675 401 OPERATING EXPENSES Labor - Operation & Maintenance Labor - Customer Accounts Labor - Administrative & General Salaries, Officers & Directors Employee Pensions & Benefits Purchased Water Purchased Power & Fuelfor Power Chemicals Materials & Supplies - Operation & t\Iaint. [\/aterials & Supplies - Administrative & General Contract Services - Professional Contract Services - Water Testing Contract Services - Other Rentals - Property & Equipment Transportation Expense lnsurance Advertising Rate Case Expense (Amortization) Regulatory Comm. Exp. (Other except taxes) Bad Debt Expense [/iscellaneous 881 8 7084 4282 1234 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) Rev 3/02 Page 3 1405 22823 Name: Ray Elliott, Aspen Creek Water Co INCOME STATEMENT For Year Ended 1213112017 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) 7 408.1'1 Property Taxes I 408.12 PayrollTaxes 9A 408.13 Other Taxes (list) DEQ Fees 21210 22823 390 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 32 409.1 0 409.11 41 0.1 0 410.11 411 412 Federal lncome Taxes State lncome Taxes Provision for Deferred lncome Tax - Federal Provision for Deferred lncome Tax - State Provision for Deferred Utility lncome Tax Credits lnvestment Tax Credits - Utility 888 30 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) 24131 413 414 -2921 415 416 419 420 421 426 408.20 409-20 427.3 427.5 -2921 0 Rev 3/02 Page 4 -2921 Name: Ray Elliott, Aspen Creek Water Co ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended 1213112017 SUB ACCT # Balance Beginning of Year Added During Year inning end Removed During Year Balance End of Year 1 301 2 302 3 303 4 304 5 305 6 306 7 307 8 308 9 309 10 310 11 311 12 320 13 330 14 331 15 333 16 334 17 335 18 336 19 339 20 340 21 341 22 342 23 343 24 344 25 345 26 346 27 347 28 348 29 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 14500 90000 143380 40051 79650 1 500 1 4500 393581 1 0000 1 4500 90000 1 43380 40051 79650 1 500 1 4500 393581 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 1213112017 SUB ACCT # Depreciation Rate oA Balance Beginning of Year Balance End of Year lncrease or Decrease 0 5 5 5 5 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 26 304 305 306 307 308 309 310 311 320 330 331 333 334 335 336 339 340 341 342 343 344 345 346 347 348 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 Equ ipment Stores Equipment Tools, Shop and Garage Equipment Laboratory Equipment Power Operated Equipment Commu nications Equipment Miscellaneous Equipment Other Tangible Property TOTALS (Add Lines 1 - 25) 10 10 5 Enter beginning & end of year totals on Pg 7, Line 7 725 4500 5640 3982 725 15572 11150 11875 72000 76500 77400 83040 40051 40051 59664 63646 1 500 '1500 1 1600 12325 273365 288937 Rev 3/02 Page 6 Name: Ray Elliott, Aspen Creek Water Co. 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) Accumulated Depreciation (From Pg 6, Line 26) Accum. Depr. - Utility Plant Lease to Others Accum. Depr. - Property Held for Future Use Accum. Amort. - Utility Plant in Service Accum. Amort. - Utility Plant Lease to Others Accumulated Amortization - Aquisition Adj. Net Utility Plant (Line 6 less lines 7 - 12) lnvestment in Subsidiaries 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 Uncollectable Accounts Total Current (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 1213112017 Page 7 Balance Beginning of Year 393581 393581 -273365 120216 7076 2435 951 1 129727 Balance End of Year lncrease or -15572 -15572 -6640 I 760 -4880 0 -20452 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 3'1 101 102 '103 105 114 1 08.1 108.2 108.3 110.1 110.2 115 0 0 123 125 131 135 141 142 145 151 162 173 143 00 181 183 184 186 Rev 3/02 393581 393581 -288937 104644 0 436 41 95 4631 0 109275 Name: Tay Elliott, Aspen Creek Water Co BALANCE SHEET For Year Ended 1213112017 I 201-3 2 204-6 3 207-13 4 214 5 215 6 216 7 218 8 I 221-2 10 223 11 224 12 231 13 232 14 233 15 235 16 236.11 17 236.12 18 236.2 19 237-40 20 241 21 251 22 252 23 253 24 255.1 25 255.2 26 261-5 27 271 28 272 29 281-3 30 31 TOTAL ACCT # LIABILITIES & CAPITAL DESCRIPTION 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 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 LIAB & CAPITAL ( Add Iines I & 30) ** Only if Commission Approved Balance Beginning of Year Balance End of Year lncrease or Decrease -5421 -5421 1 000 -459 0 -15572 -1 5031 -20452 3000 6022 9022 489 39358'l -273365 0 0 1 1 3000 601 3601 1 000 30 393s81 -288937 105674 109275 Rev 3/02 Page 8 Name: Ray Elliott, Aspen Creek Water Co. STATEMENT OF RETAINED EARNINGS For Year Ended 1213112017 1 Retained Earnings Balance @ Beginning of Year 2 Amount Added from Current Year lncome (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 CAPITAL STOCK DETAIL 7 Description (Class, Par Value etc.) Common Stock $1 Par Value DETAIL OF LONG.TERM DEBT 9022 -2921 -2500 3601 No. Shares Authorized 50000 Year-end Balance No. Shares Outstandi lnterest Paid Dividends Paid 2500 8 lnterest Rate lnterest Accrued N/A 3000 Rev 3/02 Page 9 Name: Ray Elliott, Asppl ttqq!_!4/a!el9o. SYSTEM ENGINEERING DATA For Year Ended 1213112017 2 Water Supply Type of Treatment: (None, Chlorine Pum nation or location Y-750 Creek Rated Capacity Total Capacity 000's Gal. Fluoride Filter etc. Usable Capacity 000's Gal. Annual Production Type of Reservoir (Elevated,Pres- U Water Supply Source (Well, Spring, Construction (Wood, Steel Concrete 00's Gal Surface Well nation or Location Tank-Creek (Duplicate form and attach if necessary. Asterisk facilities added this year.) 300 Chlorine 13511 115 100 Elevated Rev 3/02 Page 10 'l Provide an updated system map if significant changes have been made to the system during the year. 3 System Storage: Name: Ray Elliott, Aspen Creek Water Co. SYSTEM ENGINEERING DATA (continued) For Year Ended 1213112017 4 Pump information for ALL system pumps, including wells and boosters Designation or Location Horse Power Rated Capacity &of Pu 5 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? 10 Are backbone plant additions anticipated during the coming year? lf Yes, attach an explanation of projects and anticipated costs! 11 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 Y-750 Creek 30323 pump curves unless previously provided or un . Asterisk facilities added this year. Attach additionalsheets if inadequate space is available on this page. lf Wells are metered: What was the total amount pumped this year? What was the total amount pumped during peak month? \Mat was the total amount pumped on the peak day? 15,457,391 2,873,253 100 740 6 lf customers are metered, what was the total amount sold in peak month?N/A 7 8 Yes lOOO GPM July 9 60 60 Yes 40 300 140 Rev 3/02 Page 1 1 2019 1 Name: Ray Elliott, Aspen CreeXlA/alqlto. 4 Private Fire Protection 5 Public Fire Protection 6 Street Sprinkling 7 Municipal, Other 8 Other Water Utilities 12600 700 5250 CUSTOMER STATISTICS This Year 45 SYSTEM ENG]NEERING DATA (continued) For Year Ended 1213112017 FEET OF MAINS ln Use Beginning Of Year Pipe Size 6" 2" 8" Residential Commercial lndustrial Flat Rate: Residential Commercial lndustrial lnstalled During Year Last Year Abandoned During Year ln Use End of Year 1 2600 700 5250 Last Year Metered2 2A 28 2C 14052 3 3A 3B 3C This Year 43 15457 43 15457 Rev 3/02 TOTALS (Add lines 2 through 8) Page 12 45 14052 I GERT!FIGATE -^ \,)- L)\*+ \ State oftdro-) ) )counw ot &r.i(i-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. ief Officer) in Charge of Subscribed and Sworn to Before Me tni. &l{ko"v ?otp. Lrc My Commission Expires q/z^/it/gdUexcel/jnelson/anulrpts/Mrannualrpt @ nDEFJO[fr]Siltatrg,6ltlB6l()[,lBOil Rev 3/02 Page 13 IoL,l4$ftqr*.rsfPi'traIileIIHgrlt[fip (; FAX htr. :459da519 Q7 2*3 1B:39f,1 Pi SL]}f\IARY OT RTILLS A]\T}{.ILATJO}iS coll\{I5$o}iOI THE IDAEO PU^BLIC GO}IER-}iDi G CUSTO}IER TIONS OT ]\.ATLT-I\-A.I G.{S, ELECTE]C A}D TI;AIJC T,TL'IJTIIS IINDIRTM JURISDISNON Tffi IDAEO TIDLIC LTILITIIS CO o\' ztig a:Lcr:*: noice !r ibc FRtr1 :I/'GG A r:Lliry rnsy i:rnrcsL -qa'i-,ct'!a E c.-'.rs...+;rrg **r+: Es/rs fc'ilo,rag ,='sails: ,4.) hca-pryr,rao-ri"r.jr.o$=tll!. E) FeiirrE to e}'*i [r'tir ta:c cipq'rc-r'. Ct1 Lluepe==lrl of ii=r;+j D) Ltr-riica:2,*: c;is=icl r r-.e oite r:+ilqr' Ej X:*l6ic=rt=& cEL AiaL;= s-ls!i!=.rlqr trle te g;igi t=dra5:e: B.i c) Ccrryi*e se* of cld+=c. R"]c & F-c6':.*-:iai: ce 5-it -*,:Cr Put'lic Litiiit= Cirui:lssirr Pq* iaf,ri E!-':{i p*-i=- r-,;-g===s rri;ig-! Ltila!- Ap--_'t:i;;:= x:ince- s=:a; -- *:i=!= r'ia ?s.'*iqnt i ftmri caob:ri clH-=E!-- tlx u&<--tY lg: L= rl=r P-!! LE Lrlr. CEEi *ATER CO- r; te kirbc A---,-- Cr-+=.\':l= i0 Sc-:i, Pe: La<e Ge-ier Ctr, L:':::r ri1$ Qlr-?ia!'l =ry iie qr;ltet Iielc Pubfi.c iidti:s C..e]r:rLsjcr. P.O. Blx ti t€o432-0i69. E:isi ice-hc ti72r..: or cl,; I I I i I I Aspen Creek Water, Co. Attachment to Annual Report Line l1: Affiliated Companies Executive Recreational Properties 10 S. Bear Lake Blvd. Garden City, Utah 84028 Management company that provides accounting and management services 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. 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 Eneineerine Data- Line 10: Back Bone Plant Additions A pump house for the new well is expected to be completed in 2018 at an estimated cost of $17,000. A backup generator and auto switch is also expected to be completed in 2018 at a cost of $33,000. These costs will be provided by the developer. Line 20: Recommended Improvements bv Division of Environmental OualiW