2022Annual Report.pdf

ASP-uJ
ANNUAL REPORT
OF
J Pe.A C.reek WAfer Co.
NAME
.Û>oy 77 Geelen C ;+y t<r 8 oze
ADDÀESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION =
FOR THE
YEAR ENDED 2022
ANNUAL REPORTFOR WATER UTILITIESTO
THE IDAHO PUBLIC UTILITIESCOMMISSION
FOR THE YEAR ENDING December31,2022
COMPANYINFORMATION
1 Give full name of utility Aspen Creek Water Company,Inc.
Telephone Area Code ()435-757-2182
E-mail address [e-mail]
2 Date of Organization 12/28/1999
3 Organized under the laws of the state of Idaho
4 Address of Principal Office (number&street)
5 P.O.Box (if applicable)PO Box 77
6 City Garden City
7 State Utah
8 Zip Code 84028
9 Organization (proprietor,partnership,corp.)Corporation
10 Towns,Counties served Fish Haven,Idaho
11 Are there any affiliatedcompanies?Yes
If yes,attach a list with names,addresses &descriptions.Explain any services
provided to the utility.
12 Contact Information Name Phone No.
President(Owner)Bart McKinnon 435-757-2182
Vice President Patrick McKinnon 435-757-2182
Secretary Kami McKinnon 435-757-2182
General Manager Bart McKinnon 435-757-2182
Complaintsor Billing Kami McKinnon 435-757-2182
Engineering Bart McKinnon 435-757-2182
EmergencyService Bart McKinnon 435-757-2182
Accounting Kami McKinnon 435-757-2182
13 Were any water systems acquired during the year or any additions/deletionsmade
to the service area during the year?No
If yes,attach a list with names,addresses &descriptions.Explain any servicesprovidedtotheutility.
14 Where are the Company'sbooks and records kept?
Street Address 23 MeadowDr
City Fish Haven
State ID
Zip 83287
Rev 3/02 Page 1
NAME:Bart McKinnon,Aspen Creek Water Co.
COMPANYINFORMATION(Cont.)
For the Year Ended 12/31/2022
15 Is the system operatedor maintained under a
service contract?No
16 If yes:With whom is the contract?nla
When does the contract expire?
What services and rates are included?
17 Is water purchasedfor resale through the system?No
18 If yes:Name of Organization
Name of owner or operator _nla
Mailing Address n/a
City
State n/a
Zip
Gallons/CCF $Amount
Water Purchased n/a
19 Has any system(s)been disapprovedby the
Idaho Division of EnvironmentalQuality?No
if yes,attach full explanation
20 Has the Idaho Division of EnvironmentalQuality
recommendedany improvements?Yes
If yes,attach full explanation
21 Number of Complaintsreceivedduring year concerning:
Quality of Service 0
High Bills 0
Disconnection 0
22 Number of Customers involuntarilydisconnected 0
23 Date customers last received a copy of the Summary
of Rules requiredby IDAPA 31.21.01.701?1-Apr-02 (NewCustomersReceive at
Attach a copy of the Summary time of hookup)
24 Did significant additions or retirementsfrom the
Plant Accounts occur during the year?No
If yes,attach full explanation
and an updated system map
Rev 3/02 Page 2
NAME:Bart McKinnon,Aspen CreekWater Co.
REVENUE &EXPENSE DETAIL
For the Year Ended 12/31/2022
ACCT#DESCRIPTION
400 REVENUES
1 460 UnmeteredWater Revenue 27400
2 461.1 Metered Sales -Residential
3 461.2 Metered Sales -Commercial,Industrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue 20000
6 465 IrrigationSales Revenue
7 466 Sales for Resale
8 400 Total Revenue(Add Lines 1 -7)47400
(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separately to customers Booked to Acct #
10 **Hookup or ConnectionFees Collected 20000 Booked to Acct A 464
11 ***CommissionApproved SurchargesCollected Booked to Acct #
401 OPERATINGEXPENSES
12 601.1-6 Labor-Operation &Maintenance
13 601.7 Labor-CustomerAccounts
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 8791
19 618 Chemicals
20 620.1-6 Materials &Supplies -Operation&Maint.12095
21 620.7-8 Materials &Supplies -Administrative&General 494
22 631-34 Contract Services -Professional 6883
23 635 Contract Services -Water Testing 1132
24 636 Contract Services -Other
25 641-42 Rentals -Property &Equipment
26 650 TransportationExpense
27 656-59 Insurance 379
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 RegulatoryComm.Exp.(Other except taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous 4255
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)34029
Rev 3/02 Page 3
Name:Bart McKinnon,Aspen Creek Water Co.
INCOMESTATEMENT
For Year Ended 12/31/2022
ACCT#DESCRIPTION
1 Revenue(From Page 3,line 8)47400
2 OperatingExpenses (From Page 3,line 33)34029
3 403 DepreciationExpense 4717
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other
6 408.10 RegulatoryFees (PUC)
7 408.11 Property Taxes
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list)DEQ Fees
9B
9C
9D
10 409.10 Federal Income Taxes 1719
11 409.11 State Income Taxes 646
12 410.10 Provisionfor Deferred Income Tax -Federal
13 410.11 Provisionfor Deferred Income Tax -State
14 411 Provisionfor Deferred Utility Income Tax Credits
15 412 InvestmentTax Credits -Utility
16 Total Expenses from operationsbefore interest (add lines 2-15)41111
17 413 Income From Utility Plant Leased to Others
18 414 Gains (Losses)From Disposition of Utility Plant
19 Net Operating Income (Add lines 1,17 &18 less line 16)6289
20 415 Revenues,MerchandizingJobbing and Contract Work
21 416 Expenses,Merchandizing,Jobbing &Contracts
22 419 Interest &Dividend Income
23 420 Allowancefor Funds used During Construction
24 421 Miscellaneous Non-Utility Income
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes,Non-UtilityOperations
27 409-20 Income Taxes,Non-UtilityOperations
28 Net Non-UtilityIncome (Add lines 20,22,23 &24 less lines 21,25,26,&27)0
29 Gross income (add lines 19 &28)6289
30 427.3 Interest Exp.on Long-TermDebt
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 &31)(Also Enter on Pg 9,Line 2)6289
Rev 3/02 Page 4
Name:Bart McKinnon,Aspen Creek Water Co.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 12/31/2022
Balance Added Removed Balance
SUB Beginning During During End of
ACCT #DESCRIPTION of Year Year Year Year
1 301 Organization
2 302 Franchises and Consents
3 303 Land &Land Rights 10000 10000
4 304 Structures and Improvements 14500 14500
5 305 Collecting &ImpoundingReservoirs 90000 90000
6 306 Lake,River&Other Intakes
7 307 Wells 143380 143380
8 308 InfiltrationGalleries&Tunnels
9 309 Supply Mains
10 310 PowerGenerationEquipment 15934 4717 20651
11 311 Power Pumping Equipment 40051 40051
12 320 Purification Systems
13 330 Distribution Reservoirs&Standpipes
14 331 Trans.&Distrib.Mains &Accessories 136260 136260
15 333 Services
16 334 Meters and Meter Installations 1500 1500
17 335 Hydrants 14500 14500
18 336 Backflow PreventionDevices
19 339 Other Plant &Misc.Equipment
20 340 Office Furniture and Equipment
21 341 TransportationEquipment
22 342 Stores Equipment
23 343 Tools,Shop and Garage Equipment
24 344 LaboratoryEquipment
25 345 Power Operated Equipment
26 346 CommunicationsEquipment
27 347 Miscellaneous Equipment
28 348 Other TangibleProperty
29 TOTAL PLANT IN SERVICE 466125 470842
(Add lines 1 -28)Enter beginning &end of year totals on Pg 7,Line 1
Rev 3/02 Page 5
Name:Bart McKinnon,Aspen Creek Water Co.
ACCUMULATEDDEPRECIATIONACCOUNT 108.1 DETAIL
For Year Ended 12/31/2022
Depreciation Balance Balance Increase
SUB Rate Beginning End of or
ACCT #DESCRIPTION %of Year Year (Decrease)
1 304 Structures and Improvements 5 14275 14275 0
2 305 Collecting &ImpoundingReservoirs 5 90000 90000 0
3 306 Lake,River&Other Intakes
4 307 Wells 5 102100 102100 0
5 308 Infiltration Galleries &Tunnels
6 309 Supply Mains
7 310 PowerGenerationEquipment 100 15934 20651 4717
8 311 Power Pumping Equipment 10 40051 40051 0
9 320 Purification Systems
10 330 Distribution Reservoirs&Standpipes
11 331 Trans.&Distrib.Mains &Accessories 5 81045 81045 0
12 333 Services
13 334 Meters and Meter Installations 10 1500 1500 0
14 335 Hydrants 5 14500 14500 0
15 336 Backflow Prevention Devices
16 339 Other Plant &Misc.Equipment
17 340 Office Furnitureand Equipment
18 341 Transportation Equipment
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment
21 344 LaboratoryEquipment
22 345 Power OperatedEquipment
23 346 CommunicationsEquipment
24 347 MiscellaneousEquipment
25 348 Other Tangible Property
26 TOTALS(Add Lines 1 -25)359405 364122 4717
Enter beginning&end of year totals on Pg .',Line 7
Rev 3/02 Page 6
Name:Bart McKinnon,Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 12/31/2022
ASSETS Balance Balance Increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
1 101 Utility Plant in Service (From Pg 5,Line 29)466125 470842 4717
2 102 Utility Plant Leased to Others
3 103 Plant Held for Future Use
4 105 ConstructionWork in Progress
5 114 Utility Plant Aquisition Adjustment
6 Subtotal (Add Lines 1 -5)466125 470842 4717
7 108.1 Accumulated Depreciation(From Pg 6,Line 26)-359405 -364122 -4717
8 108.2 Accum.Depr.-Utility Plant Lease to Others
9 108.3 Accum.Depr.-Property Held for Future Use
10 110.1 Accum.Amort.-Utility Plant in Service
11 110.2 Accum.Amort.-Utility Plant Lease to Others
12 115 AccumulatedAmortization-Aquisition Adj.
13 Net Utility Plant (Line 6 less lines 7 -12)106720 106720 0
14 123 Investmentin Subsidiaries
15 125 Other Investments
16 Total Investments(Add lines 14 &15)0 0 0
17 131 Cash 40346 47283 6937
18 135 Short Term Investments
19 141 Accts/Notes Receivable-Customers 3720 4080 360
20 142 Other Receivables
21 145 Receivablesfrom Associated Companies
22 151 Materials &Supplies Inventory
23 162 Prepaid Expenses
24 173 Unbilled (Accrued)Utility Revenue
25 143 Provisionfor UncollectableAccounts
26 Total Current(Add lines 17 -24 less line 25)44066 51363 7297
27 181 Unamortized Debt Discount &Expense
28 183 Preliminary Survey&InvestigationCharges
29 184 DeferredRate Case Expenses
30 186 Other DeferredCharges (Escrow)0 0 0
31 Total Assets (Add lines 13,16 &26 -30)150786 158083 7297
Rev 3/02 Page 7
Name:Bart McKinnon,Aspen Creek Water Co.
BALANCE SHEET
For Year Ended 12/31/2022
LIABILITIES &CAPITAL Balance Balance Increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock 3000 3000 0
2 204-6 PreferredStock
3 207-13 Miscellaneous Capital Accounts
4 214 Appropriated RetainedEarnings
5 215 UnappropriatedRetainedEarnings 36895 43184 6289
6 216 ReacquiredCapital Stock
7 218 ProprietaryCapital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)39895 46184 6289
9 221-2 Bonds
10 223 Advancesfrom Associated Companies
11 224 Other Long -Term Debt
12 231 Accounts Payable
13 232 Notes Payable
14 233 Accounts Payable -Associated Companies
15 235 Customer Deposits (Refundable)
16 236.11 Accrued Other Taxes Payable
17 236.12 Accrued Income Taxes Payable 4171 5179 1008
18 236.2 Accrued Taxes -Non-Utility
19 237-40 Accrued Debt,Interest &DividendsPayable
20 241 Misc.Current&Accrued Liabilities
21 251 UnamortizedDebt Premium
22 252 Advances for Construction
23 253 Other DeferredLiabilities
24 255.1 Accumulated InvestmentTax Credits -Utility
25 255.2 Accum.InvestmentTax Credits -Non-Utility
26 261-5 Operating Reserves
27 271 Contributionsin Aid of Construction 466125 470842 4717
28 272 Accum.Amort.of Contrib.in Aid of Const.**-359405 -364122 -4717
29 281-3 Accumulated Deferred Income Taxes
30 Total Liabilities (Add lines 9 -29 110891 111899 1008
31 TOTAL LIAB &CAPITAL (Add lines 8 &30)150786 158083 7297
**Only if Commission Approved
Rev 3/02 Page 8
Name:Bart McKinnon,Aspen Creek Water Co.
STATEMENTOF RETAINED EARNINGS
For Year Ended 12/31/2022
1 Retained EarningsBalance @ Beginningof Year 36895
2 Amount Added from CurrentYear Income (From Pg 4,Line 32)6289
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributionsof Retained Earnings
6 Retained Earnings Balance @ End of Year 43184
CAPITAL STOCK DETAIL
No.Shares No.Shares Dividends
7 Description (Class,Par Value etc.)Authorized Outstanding Paid
Common Stock $1 Par Value 50000 3000 0
DETAIL OF LONG-TERMDEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
N/A
Rev 3/02 Page 9
Name:Bart McKinnon,Aspen CreekWater Co.
SYSTEM ENGINEERINGDATA
For Year Ended 12/31/2022
1 Providean updated system map if significantchanges have been made to the system during the year.
2 Water Supply:Type of Water
Treatment:Supply
Rated (None,Chlorine Annual Source
Capacity Fluoride Production (Well,Spring,
Pump Designationor location (gpm)Filter etc.)(000's Gal.)SurfaceWtr)
DempsterY-750 Aspen Creek 300 Chlorine 13511 Well
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated,Pres-(Wood,Steel
Storage Designation or Location Gal.Gal.urized,Boosted)Concrete)
Storage Tank-Aspen Creek 115 100 Elevated Concrete
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
Rev 3/02 Page 10
Name:Bart McKinnon,Aspen Creek Water Co.
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 12/31/2022
4 Pump informationfor ALL system pumps,including wells and boosters.
Rated Discharge EnergyDesignationorLocationHorseCapacityPressureUsed
&Type of Pump**Power (gpm)(psi)This Year
DempsterY-750 Aspen Creek 40 300 140 30459
**Submit pump curves unless previouslyprovided or unavailable.Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
5 If Wells are metered:
What was the total amount pumped this year?14,542,400
What was the total amount pumped during peak month?2,472,208
What was the total amount pumped on the peak day?98,888
6 If customers are metered,what was the total amount sold in peak month?N/A
7 Was your system designedto supply fire flows?Yes
If Yes:What is current system rating?1000 GPM
8 How many times were meters read this year?1
Duringwhich months?July
9 How many additional customers could be servedwith no system improvements
except a service line and meter?49
How many of those potential additions are vacant lots?49
10 Are backboneplant additions anticipated during the coming year?
If Yes,attach an explanation of projects and anticipated costs!Yes
11 In what year do you anticipatethat the system capacity (supply,storageor distribution)
will have to be expanded?2023
Rev 3/02 Page 11
Name:Bart McKinnon,Aspen Creek Water Co.
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 12/31/2022
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End of
Size Of Year Year Year Year
6"12600 12600
2"700 700
8"7325 7325
CUSTOMERSTATISTICS
Numberof Custcmers Thousandsof Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential 56 55 14542 17717
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential
3B Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal,Other
8 OtherWater Utilities
TOTALS (Add lines 2 through 8)56 55 14542 17717
Rev 3/02 Page 12
CERTIFICATE
State of 4dahe-)
)ss
County of $1 )
I,the undersignedBart McKinnon and A'fXheAspen 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 havecarefullyexamined 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,informationand belief.
(ChiefOfficer)
(Officer in Chargeof Accounts)
Subscribedand Sworn to Before Me
this ay of NOTARY Pt IBLR
SNARLENE C MILLARDMCommission&728215
NOTARYPUBLIC NTATE OF ilTAN
My Commission Expires J
gdklexcelljnelsonlanuirpts/wtrannualrpt
Rev 3/02 Page 13
Aspen Creek Water,Co.
Attachment to Annual Report
Line 11:Affiliated Companies
Dirthead Services Inc.Land Developer who is responsible for
23 Meadow Dr Developing the land that the Water Fish
Haven,Idaho 83287 Company services.
Line 20:Recommended Improvementsby Division of Environmental Quality
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 EngineeringData-Line 10:Back Bone Plant Additions
A pump house for the new well is expected to be completed in 2023 at an estimated cost
of $35,000.A backup generator was installed in 2021.An auto switch was installed in
2022.The cost of the auto switch was $4,717.These costs will be provided by either the
company or the developer.
Summary of Rules and Regulations of the
Idaho Public Utilities Commission
Governing Customer Relations of
Natural Gas Electric and Water Public Utilities
Under the Jurisdiction of the Idaho
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
[phone]
Or if unable to contact the utility company you may file with the
Idaho Public Utilities Commission,PO Box 83720,Boise,ID 83720 or
call 1-800-432-0369.
Complete set of customer Rules &Regulationson file with Aspen Creek Water Co.
and the Idaho Public Utilities Commission.