2019Annual Report.pdf

Asa [r,
A|YIYUAL REPORT
OF
As ,n Creek Wo.#zr Ccs,p
NAME
,0. (\tx17 Qa.lr" Cil VT t'tozg
ADD ESS
TO THE
IDAHO PUBLIG
UTILITIES COMMISSION
FOR THE
arrl- ,{r{=Yi: c,:#.;l z Eir{.k; E fri+r'-1.- C),:>l:i t , nl
ffi=ffil$rg iPra
YEAR ENDED 2019
AI.INUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31 , 2019
COMPANY INFORMATION
Aspen Creek Water Company, lnc.1 Give full name of utility
Telephone Area Code ( )
E-mail address
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
I Organization (proprietor, partnership, corp.)
'10 Towns, Counties served
aspencreekwaterco@qmail. com
435-7 57 -2182
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
Kami McKinnon
Bart McKinnon
Kami McKinnon
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
Bart McKinnon
Phone No.
435-7 57 -2182
435-7 57 -2182
435-946-3500
435-946-3500
435-757 -2182
435-757 -2182
435-757 -2182
435-757 -2182
Rev 3/02
zip
Page 'l
NAME: Bart McKi Co
'15 ls the system operated or maintained under a
service contract?
16 lf yes: With whom is the contract?
When does the contract expire?
'18 lf yes: Name of Organization
Name of owner or operator
Mailing Address
City
State
zip
COMPANY INFORMATION (Cont.)
For the Year Ended 1213112019
nla
No
nla
What services and rates are included? n/a
17 ls water purchased for resale through the system?
nla
nla
nla
nla
nla
n/a
Water Purchased
19 Has any system(s) been disapproved by the
ldaho Division of Environmental Ouality?
lf yes, attach full explanation
20 Has the ldaho Division of Environmental Ouality
recommended any improvemonts?
lf yes, attach full explanation
21 Number of Complaints received during year conceming:
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 signilicant additions or retirements from the
Plant Accounts occur during the year?
lf yes, attach full explanation
and an updated aystem map
Gallons/CCF
nla
$Amount
No
Yes
1-Apr-02 (New Customers Receive at
time of hookup)
No
No
0
0
0
0
Rev 3/02 Page 2
NAME: Bart McKinnon,Asoen Creek Water Co.
ACCT #
REVENUE & EXPENSE DETAIL
For the Year Ended 1213'112019
DESCRIPTION
I
2
3
4
o
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
460 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
401 OPERATING EXPENSES
Labor - Operation & Maintenance
Labor - Customer Accounts
Labor - Administrative & General
Salaries, Officers & Directors
Employee Pensions & Benefits
Purchased Water
Purchased Power & Fuel for Power
Ch6micals
Materials & Supplies - operation & Maint.
Materials & Supplies - Administrative & General
Contract Services - Professional
Contract Services - Water Testing
Contract Services - Other
Rentals - Property & Equipment
Transportation Expense
lnsurance
Advertising
Rate Case Exp6nse (Amortization)
Regulatory Comm. Exp. (Other except taxes)
Bad Debt Expense
Miscellaneous
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
21680
10500
32'180
Booked to Acct #
10500 Booked to Acct #
Booked to Acct #
8397
1 139
569
9
'10
11
12
13
14
15
16
17
'18
lo
20
21
22
24
25
26
27
28
29
31
464
601.1-6
601.7
601.8
603
604
610
615-16
618
620.1-6
620.7-8
631-34
635
oJo
641-42
650
656-59
660
666
667
670
675
Rev 3/02 Page 3
250
10355
Name: Bart McKinnon, Aspen Creek Water Co.
INCOME STATEMENT
For Year Ended 1213112019
ACCT #DESCRIPTION
1
?
J
4
5
6
7
8
9A
9B
9C
9D
10
11
12
13
14
15
16
't7
18
19
20
21
22
24
25
26
2d
29
30
31
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
Payroll Taxes
Other Taxes (list) DEO Fees
32180
10355
403
406
407
408.10
408.1 '1
408.12
408.13
195
409.10
409.1 1
41 0.10
410.11
41'l
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
20ao
1792
Total Expenses from operations before interest (add lines 2-15)
lncome From Utility Plant Leas€d to Others
Gains (Losses) From Disposition of Utility Plant
Net Operating lncome (Add lines '1, '17 &18 less line 16)
Revenues, lVerchandizing 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,?3 & 24 less lines 21 ,25,26, A 27\
Gross lncome (add lines 19 & 28)
lnterest Exp. on Long-Term Debt
Other lnterest Charges
NET INCOME (Line 29 less linss 30 & 31 ) (Also Enter on Pg I, Line 2)
16281
413
414
15899
415
416
419
420
421
4?6
408.20
409-20
427 .3
427.5
15899
0
Rev 3/02 Page 4
15899
Name: Bart McKinnon,Asp6n Creek Water Co.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 121311?019
SUB
ACCT #
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balancs
End of
Year
1
2
4
5
6
7
8
d
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
26
29
301
302
304
305
306
307
308
309
310
311
320
330
33'l
JJJ
3U
335
336
339
340
341
34?
343
344
345
346
348
DESCRIPTION
Organization
Franchises and Consents
Land & Land Rights
Structures and lmprovements
Collecting & Impounding 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
(Addlinesl-28)
10000
'14500
90000
143380
40051
79650
1 500
14500
393581
Enter beginnlng & end of year totals on Pg 7, Line 1
10000
'14500
90000
'143380
40051
136260
1500
14500
450191
56610
Rev 3/02 Page 5
Name: Bart McKinnon, Aspen Creek Water Co
ACCUMULATEO DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 1213112019
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
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
Decrease
1
2
3
4
6
7
8
I
10
DESCRIPTION
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply lVains
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 'l - 25)
10
10
Enter beginning & end of year totals on Pg 7, Line 7
725
4500
5640
5397
0
725
10987
5
5
0
11
12
13
14
15
16
17
18
19
20
21
?2
24
25
26
12600 I JJZC
81000 85500
88680 94320
40051 40051
67628 73025
1500 1500
1377513050
321496304509
Rev 3/02 Page 6
Name: Bart McKinnon, Aspen Creek Water Co
BALANCE SHEET
For Year Ended 1213112019
ACCT #
ASSETS
DESCRIPTION
Utility Plant in Service (From Pg 5, Line 29)
Utility Plant Leased to Others
Plant Held for Future Use
Conskuction 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)
Total Assets (Add lines 13, 16 & 26 - 30)
Balance
Beginning
of Year
3S358'1
393581
-304509
89072
0
1 1 '130
1920
13050
0
1021??
Balance
End of
Year
lncrease
or
Decrease
56610
56610
-16987
39623
0
20191
1080
21271
0
60894
I
2
4
E
6
7
8
o
10
11
12
13
14
15
16
17
18
19
20
21
22
24
zo
,o
30
31
123
125
10'1
102
103
105
114
108.1
108.2
108.3
1 '10.1
110.2
115
'131
135
141
14?
145
151
162
I/J
143
181
183
184
186
450191
450191
-321496
128695
0
31321
3000
3/.321
0
163016
Rev 3/02 Page 7
Name: Bart McKinnon, Aspen Creek Water Co
BALANGE SHEET
For Year Ended 'l2l31l?019
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 lines 8 & 30)
** Only if Gommission Approved
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
Decrease
I
2
3
4
6
7
o
I
10
11
12
IJ
14
'15
lo
17
'18
19
20
2'l
22
n.2
ACCT #
201-3
204-6
207-13
214
215
216
221-2
,11
224
231
232
233
235
236.11
236.12
236.2
237-40
24',|
251
252
255,1
?55.?
261-5
271
?72
281-3
TOTAL
3000
10050
13050
393581
-304509
89072
10212?
0
0
15899
15899
5372
56610
-16987
44995
60894
24
25
26
27
29
30
JI
3000
25949
28949
5372
450191
-321496
134067
163016
Rev 3/02 Page I
Name: Bart McKinnon, Aspen Creek Water Co.
STATEMENT OF RETANED EARNINGS
For Year Ended '12131120'19
1 Retained Earnings Balance @ Beginning ofYear
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
Descriotion (Class,Par Value etc.)
10050
'15899
25949
7
No. Shares
Authorized
50000
No. Shares
Outstandin
Dividends
Paid
Common Stock $1 Par Value 0
OETAIL OF LONG.TERM DEBT
lnterest
Rate
Year-end
Balance
Interest
Paid
lnterest
Accrued8 Descri ton
N/A
3000
Rev 3/02 Page 9
Name: Bart McKinnon, Aspen Creek Water Co,
SYSTEM ENGINEERING DATA
For Year Ended 1213112019
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, ChlorineRated
Capacity Fluoride
Filter etc.
Annual
Production
Water
Supply
Source
(Well, Spring,
000's Gal.Surface Wtr
Well
Pum Des nation or location
Dem Y-750 Creek
3 System Storage
Total
Capacity
000's
Gal.
Usable
Capacity
000's
Gal.
Type of
Reservoir
(Elevated,Pres-
Construction
(Wood, Steel
Stora Desi ation or Location
e e Tank-n Creek
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
urized Boosted Concrete
Concrete
300 Chlorine 1351 1
Elevated115100
Rev 3/02 Page 10
Name: Bart McKinnon, Aspen Creek Water Co
SYSTEM ENGINEERING DATA
{continued)
For Year Ended 1i,3112019
4 Pump information for ALL system pumps, including wells and boosters,
Designation or Location Horse
Power
Rated
Capacity
Discharge
Pressure
Energy
Used
This Year&T of Pum
5
6 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?
'10 Are backbone plant additions anticipated during the coming year?
lf Yes, attach an explanation of prolects and anticiPated costs!
11 ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
ster Y-750 Creek
** Submit pump curves unless previously provided or unavailable, Asterisk facilities added this year.
Aftach additional sheets 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?
What was the total amount pumped on the peak day?
30535
036 950
2,795.100
98 00'1
N/A
7
o
I
Yes
1OOO GPM
July
58
oo
Yes
300 14040
Rev 3/02 Page 1 1
2020
Name: Bart McKinnon,Aspen Creek Water Co
1
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 1213112019
FEET OF MAINS
ln Use
Beginning
Of Year
Pipe
Size
2 Metered:
2A Residential
28 Commercial
2C lndustrial
lnstalled
During
Year
Abandoned
During
Year
ln Use
End of
Year
6',
2'.
8
12600
700
5250
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
Last
Year
47
12600
700
6450
15828
This
Year
This
Year
Last
Year
3
3B
3C
Flat Rate:
Residential
Commercial
lndustrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
'1200
47 15037
47 15037
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
47 15828
Subscribed and Sworn to Before Me
th is 3l o^v of
NOTARY PUBLIC
My Commission Expires
GERTIFIGATE
(Chief
rnta
(Officer in Charge of Accounts)
gdU€xc€l/jrclsorranulAtywtmnnualat
v+hh
State of+der6
Countv of (tr'h
l, the undersigned Bart McKinnon and of the Aspen Crsek 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 .
7
SS
)
)
)
C^,/1'
Rev 3/02 Page 13
aa,rfl&
tt3tiroCl**t.3.lt
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 Box 77
Garden City, UT 84028
(43sl.7s7-2182
Or if unable to contact the utility company you may file with the
ldaho Public Utilities Commission, PO Box 83720, 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 ll: Affiliated ComPanies
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 services.
Line : Recommended Imp ents bv ision of nmental alitv
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 Engineerins Data- Line 10: Back Bone Plant Ad ns
A pump house for the new well is expected to be completed in 2020 at an estimated cost
or^sgo,ooo. A backup generator and auto switch is expected to be installed in 2020. The
backup generator is eitimated to cost $15,000 and the auto switch is projected to cost
$1,500. These costs will be provided by the developer.
Aspen Creek Water co.
Asset Listing and DePreciation
12-31-19
Land
Hvdrants
2001 Additions
Total Hydrants
Structures & lmDrovements
2001 Additions
2003 Pumphouse, stairs, doors
Total Structures & lmProv
Resevoirs & StandpiDes
2001 Additions
Total Resevoirs & StandPiPes
Power Pumoino Eq uip
2001 Additions
2007 Additions
2008 Additions
Total Pumping Equipment
Meterc & Meter lnstallations
2001 Additions
Total Meters & Meter lnstall.
Transportation & Distribution Mains
2001 Additions
2004 Additions
2005 Additions
201I Additions
Total Transportation & Dist. Mains
Wells
2001 Additions
2007 Additions
Total Well
1t1t2001
111t2001 20 90000 81000
0
20 14500 13050
0
7
7
14500 13050 725 13775
12t31t2018
Accm Dep
crr
Deprec
1?/3U2019
Accm DepDate Life
1t1t2001
1t1t2001
1t1t2004
1t112005
7 t1t2019
Cost
10000
725 13775
0 0
1t1t2001
1t112003
20
20
10000
4500
9000
3600
500 9500
3825225
14500 12600 725 13325
4500 85500
1t1t2001
611t2007
7 t112008
18500
17293
4258
18500
,1-7aOl
4258
18500
17293
90000 8'1000 4500 85500
40051 40051
10 1500 1500 1500
1500 1500 0 1500
20 5s650
15000
9000
56610
50078
11250
6300
0
2782
750
450
1415
52860
12000
6750
14't5
2Q
20
20
136260 67628 5397 73025
3500
2140
5640
'16987Totals
1t1t2005
6t1t2007
20
20
70000
73380
143380
450191
63000
25680
88680
304509
66500
27820
94320
321496