20240301Exhibit 1 Income Statement.pdf

Capitol Water Corporation
Case No. CAP-W-24-01
Income Statement
2022 Test Year
Test Year Company Company
Line Account Description Actuals Adjustments Proposal
REVENUES
1 460 Unmetered Water Revenue 574,786$ - 574,786$
2 461.1 Metered Sales - Residential - -$
3 461.2 Metered Sales - Commercial, Industrial 132,409 - 132,409$
4 462 Fire Protection Revenue - -$
5 464 Other Water Sales Revenue 50,327 (50,194) 133$
6 465 Irrigation Sales Revenue - - -$
7 466 Sales for Resale - - -$
8 400 Total Revenue 757,522$ (50,194) 707,328$
EXPENSES
9 601 Labor - Operation & Maintenance 84,260$ 8,093 92,353$
10 601.8 Labor - Customer Accounts 70,846 7,001 77,847$
11 601.7 Labor - Customer Accounts - Part-time 4,240 18,640 22,880$
12 603.8 Labor - Administrative & General 17,150 (17,150) -$
13 603 Salaries, Officers & Directors 41,700 22,980 64,680$
14 604 Employee Pensions & Benefits 29,831 442 30,273$
15 610 Purchased Water - -$
16 615-16 Purchased Power & Fuel for Power 105,652 105,652$
17 618 Chemicals 27,710 5,648 33,358$
18 620.1-6 Materials & Supplies - Operation & Maintenance 4,811 4,811$
19 620.7-8 Materials & Supplies - Administrative & General 22,376 22,376$
20 631-34 Contract Services - Professional 18,814 18,814$
21 635 Contract Services - Water Testing - -$
22 636 Contract Services - Other 21,272 21,272$
23 641-42 Rentals - Property & Equipment - -$
24 650 Transportation Expense 9,186 9,186$
25 656-59 Insurance 7,422 7,422$
26 660 Advertising - -$
27 666 Rate Case Expense - 6,435 6,435$
28 667 Regulatory Comm. Exp. (Other except taxes)- -$
29 670 Bad Debt Expense 558 558$
30 675 Miscellaneous 9,057 - 9,057$
31 Total Operating Expenses 474,885$ 52,088 526,974$
32 403 Depreciation Expense 74,727 27,837 102,564$
33 406 Amortization, Utility Plant Acquisition Adj.
34 407 Amortization Exp. - Other
35 408.10 Regulatory Fees (PUC)1,516 1,516$
36 408.11 Property Taxes 25,705 25,705$
37 408.12 Payroll Taxes 17,128 2,494 19,622$
38 408.13 Other Taxes (list) DEQ Fees -
39 Irrigation -
40 Vehicles 232 232$
41 409.10 Federal Income Taxes 21,717 21,717$
42 409.11 State Income Taxes 6,715 6,715$
43 410.10 Provision for Deferred Income Tax - Federal - -$
44 410.11 Provision for Deferred Income Tax - State - -$
45 411 Provision for Deferred Utility Income Tax Credits - -$
46 412 Investment Tax Credits - Utility - -$
47 Total Expenses from operations before interest 622,625$ 82,419$ 705,044$
48 Net Operating Income 134,897$ 2,283$
49 419 Interest & Dividend Income 614 614
50 Net Income Before Interest Charges 135,511$ 2,897$
51 427.3 Interest Exp. on Long-Term Debt 116 116$
52 NET INCOME 135,395$ 2,781$
Capitol Water Corporation
Case No. CAP-W-24-01
Exhibit No. 1 - Income Statement