2018Annual Report.pdf

AsY- d
AN]YUAL REPORT
OF
hs ?unt (re-cK 1yo-*er Cct
NAME
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
Po Box 11 r G^rd en C,'*y, VT Slozg
ADDRESS
COf\)
YEAR ENDED 2018
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31 2018
COMPANY INFORMATION
1 Give full name of utility
Telephone Area Code ( )
E-mailaddress
2 Date 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.
435-757-2182
aspencreekwaterco@qmail. com
12t28t1999
ldaho
PO Box 77
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
Bart McKinnon
Patrick McKinnon
A.Elliott
A.Elliott
KamiMcKinnon
Bart McKinnon
Bart McKinnon
KamiMcKinnon
Phone No
435-757-2182
435-757-2182
00
435-757-2182
435-757-2182
435-757-2182
435-757-2182
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 23 Meadow Dr
City Fish Haven
State ID
83287
Rev 3/02
zip
Page 1
NAME: Bart Co.
15 ls the system operated or maintained under a
service contract?
16 lf yes: \Mth whom is the contract?
When does the contract exPire?
COMPANY INFORMATION (Cont.)
For the Year Ended 1213112018
nla
No
nla
\Mat services and rates are included? n/a
17 ls water purchased for resale through the system?No
18 lf yes: Name of Organization
Name of owner or operator
Mailing Address
City
State
zip
nla
nla
nla
nla
nla
nla
Water Purchased
19 Has any system(s) been disapproved by the
ldaho Division of Envlronmental Quality?
lf yes, attach full explanation
20 Has the ldaho Division of Environmental Quality
recommended any improvements?
lf yes, attach fullexplanation
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
0
1-Apr-02 (New Customers Receive at
time of hookup)
Gallons/CCF
nla
$Amount
No
Yes
0
0
U
No
Rev 3/02 Page 2
NAME: Bart McKinnon. Aspen Creek Water Co.
ACCT #
REVENUE & EXPENSE DETAIL
For the Year Ended 1213112018
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
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
618 Chemicals
620.'l-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
64142 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 12 - 32, also enter on Pg 4, line 2)
20740
7000
27740
Booked to Acct #
7000 Booked to Acct #
Booked to Acct #
9371
4690
629
464
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Rev 3/02 Page 3
33s2
18042
Name: Bart McKinnon, Aspen Creek Water Co.
INCOME STATEMENT
For Year Ended 1213'112018
ACCT #DESCRIPTION
1
2
3
4
5
6
7
I
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) DEQ Fees
27740
18042
403
406
407
408.1 0
408.11
408.12
249
9A 408.13
9B
9C
9D
10 409.10
11 409.11
12 410.10
13 410.11
14 411
15 412
16
17 413
18 414
19
20 415
21 416
22 419
23 420
24 421
25 426
26 408.20
27 409-20
28
29
30 427.3
31 427.5
32
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
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 &18 less line 16)
Revenues, Merchandizing Jobbing and Contract Work
Expenses, Merchandizing, Jobbing & Contracts
Interest & Dividend lncome
Allowance for Funds used During Construction
Miscellaneous Non-Utility Income
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)
18291
9449
0
9449
Rev 3/02 Page 4
9449
Name: Bart McKinnon, Aspen Creek Water Co
ACCOUNT 101 PLANT IN SERVICE DETAIT
For Year Ended 1213112018
SUB
ACCT #
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
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
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 Equ ipment
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
I 4500
90000
143380
40051
79650
1 500
14500
393581
Enter beginning & end of year totals on Pg 7, Line 'l
1 0000
1 4500
90000
1 43380
40051
79650
1 500
1 4500
393581
Rev 3/02 Page 5
Name: Bart McKinnon, Aspen Cjegll /alef tg
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIl
For Year Ended 1213112018
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
Depreciation
Rate
Yo
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
Decrease
0
0
725
5
5
5
5
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
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)
10
10
5
725
4500
5640
3982
15572
Enter beginning & end of year totals on Pg 7, Line 7
11875 1 2600
76500 81 000
83040 88680
40051 4005'1
63646 67628
1 500 1 500
12325 1 3050
288937 304509
Rev 3/02 Page 6
Name: Bart McKinnon, Aspen Creek Water Co
BALANCE SHEET
For Year Ended 1213112018
ACCT #
1 101
2 102
3 103
4 105
5 114
6
7 108.1
8 108.2
9 108.3
10 110.1
11 110.2
12 115
13
14 123
15 125
16
17 131
18 135
19 141
20 142
21 145
22 151
23 162
24 173
25 143
26
27 181
28 183
29 184
30 186
31
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
Totallnvestments (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
Beginning
of Year
393581
393581
-288937
104644
4195
4631
0
109275
Balance
End of
Year
lncrease
or
-15572
-15572
0
1 0694
-2275
8419
0
-7153
0
0
0
436
393581
393581
-304509
89072
0
11130
1920
1 3050
0
102122
Rev 3/02 PageT
Name: Bart McKinnon, Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 1213112018
LIABILITIES & CAPITAL
DESCRIPTION
Common Stock
Preferred Stock
Miscellaneous Capital Accou nts
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 lines 8 & 30)
** Only if Commission Approved
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
Decrease
1 201-3
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 #
3000
60'1
3601
1 000
30
393581
-288937
105674
109275
0
9449
9449
-1 000
-30
0
-15572
-1 6602
-7153
3000
1 0050
I 3050
0
0
393581
-304509
89072
102122
Rev 3/02 Page 8
Name: Bart McKinnon, Aspen Creek Water Co.
STATEMENT OF RETAINED EARNINGS
For Year Ended 1213112018
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
3601
9449
I 3050
CAPITAL STOCK DETAIL
No. Shares
Authorized
No. Shares Dividends
Paid7Description (Class, Par Value etc.)Outstand
Common Stock $1 Par Value 50000 0
DETA]L OF LONG-TERM DEBT
8 Descri n
lnterest
Rate
Year-end
Balance
lnterest
Paid
lnterest
Accrued
N/A
3000
Rev 3/02 Page 9
Name: Bart McKinnon, Aspen Creek WatelQq.
SYSTEM ENGINEERING DATA
For Year Ended 1213112018
1 Provide an updated system map if significant changes have been made to the system during the year,
2 Water Supply:Type of
Treatment:
(None, Chlorine
P nation or location
Dem 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-
urized
Gal Surface
Well
Water
Supply
Source
(Well, Spring,
Construction
(Wood, Steel
Concrete
Concrete
3 System Storage:
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
Name: Bart McKinnon, Aspen Creek Water Co
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 1213112018
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Power
Rated
Capacity
&ofP
Dem Y-750 Creek
5
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?
I 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 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
Discharge
Pressure
Energy
Used
This Year
** Su pump curves unless previously provided or unavailable. Asterisk facilities added this year
Attach additionalsheets if inadequate space is available on this page.
lf Wells are metered:
\Mat 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?
32142
15,828,368
2,942,211
103 158
6
7
N/A
Yes
lOOO GPM
July
9
58
58
Yes
40 300 140
Rev 3/02 Page 1 1
2019
1
Name: Bart McKinnon, Aspen Creek Water Co.
1
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 1213112018
FEET OF MAINS
ln Use
Beginning
Of Year
Pipe
Size
Metered:
Residential
Commercial
lndustrial
Flat Rate:
Residential
Commercial
lndustrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
lnstalled
During
Year
Last
Year
Abandoned
During
Year
This
Year
ln Use
End of
Year
o
2"
8"
12600
700
5250
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
12600
700
5250
This
Year
Last
Year
2
2A
28
2C
3
3A
3B
3C
4 15457
4
5
o
7
8
45 15828
45 1 5828
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
47 15457
GERTIFICATE
State of ldtr U+-!-'5
equntv or 0u ir,
SS
l, the undersigned Bart McKinnon 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.
(Chief Officer)
(Officer Charge of Accounts)
Subscribed and Sworn to Before Me
thislf5raday Qo r7
BLIC
My Commission Expires An l,^C tz Jo+3I gdk/excel/lnelson/anulrpts/Mrannualrpt
)
)
I
IApril
Rev 3/02 Page 13
,
qt,
1
I
I
Summary of Rules and Regulations of the
ldaho Public Utilities Commission
Governing Customer Relations of
Natural Gas Electric and Water Public Utilities
Under the Jurisdiction of the ldaho
Public Utilities Commission
A utility may terminate service to a customer without his/her permission after
adequate notice for the following reasons:
A) Non-payment of delinquent bills.
B) Failure to abide by the terms of payment arrangement.
C) Misrepresentation of identity.
D) Unauthorized diversion or use of the utility.
E) Non-sufficient funds check.
Actions customers may take to avoid termination:
A) Pay in full or make payment arrangements with the utility company.
B) A physician's certificate stating the existence of a medical emergency.
C) An informal or formal complaint concerning the termination may be filed
with the utility.
Aspen Creek Water Co
PO Box77
Garden City, UT 84028
(435) 757-21,82
Or if unable to contact the utility company you may file with the
ldaho Public Utilities Commission, PO Box83720, Boise, lD 83720 or
call 1-800-432-0369.
Complete set of customer Rules & Regulations on file with Aspen Creek Water Co
and the ldaho Public Utilities Commission.
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 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 Ensineerine Data- Line l0: Back Bone Plant Additions
A pump house for the new well is expected to be completed in 2019 at an estimated cost
of $18,000. A backup generator and auto switch is also expected to be completed in 2019
at an estimated cost of $30,000. These costs will be provided by the developer.