2000Annual Report.pdf

RECEIVED @BLEDO
ANNUA LR EP"UTie i t.:>wi 10N
OF
CAPITOL WATER CORPORATION
NAME
2626 ELDORADO BOISE,IDAHO 83704
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED DECEMBER 31,2000
RECE VED
G A GE ^CCOUNTING AND CONSULTING
3 \415 South 4"Street
Post Office Box 1693
Boise.Idaho 83701COMMSSl0N(208)345-2350
Fax [phone]
May 30,2001
Bob Smith
Public Utilities Commission
PO Box 83720
Boise,ID 83720-0074
Dear Bob:
In regards to our telephoneconversation regarding Capitol Water Corporation's
Annual Reportfor December 31,2000,we have a couple changes.They are:
Income Account &Description _On_Report Correct Amount
#464 Other Water Sales Revenue $594 $3,302
#419 Interest &Dividend Income 2,708 -0-
$_3,302 $3,302
ExpenseAccount &Description On Report Correct Amount
#409.11 State Taxes $2,430 $2,423
#601.7 Labor-Customer Accounts -0-28,712
#675 Miscellaneous Expense 38,635 9,925
$41,065 $41,060
We had a few other accounts that changed from rounding by $1.The net income
changed only slightlyby $12.We just needed to reclassify a couple items.
Please let me know if there is anything else you need.Thank you for your
assistance.
e
Susan R.Bloom
Accounting Assistant
Lewiston Office:1216 Idaho Street.Post Office Box 555,Lewiston,Idaho 83501,[phone]MoscowOffice:Key Bank Building,609 South Washington.Suite 202,Moscow idaho 83843.[phone]
pne sne LLGAGE^CCOUNTING AND CONSULTING
415 South 4"'Street
Post Office Box 1693
Boise.Idaho 83701
[phone]
Fax [phone]
Board of Directors
Capitol Water Corporation
Boise,Idaho
We have compiled the balance sheet of CAPITOL WATER CORPORATION,as of December 31,2000,and the related statements of income and retained earnings for the year then ended in the
accompanying prescribed form of the Idaho Public Utilities Commission,in accordance with
Statements on Standards for Accounting and Review Services issued by the American Institute of
Certified Public Accountants.We have also compiled the supplementary schedules of revenue and
expense detail,plant in service detail,accumulated depreciation detail,capital stock detail,detail of
long-term debt and system engineering data.
Our compilation is limited to presenting in the form prescribed by the Idaho Public Utilities
Commission information that is the representation of management.We have not audited or reviewed
the financial statements and supplementary information referred to above and,accordingly,we do not
express an opinion or any other form of assurance on them.
These financial statements and supplementary information are presented in accordance with the
requirements of the Idaho Public Utilities Commission,which differ from generally accepted
accounting principles.Accordingly,these financial statements are not designed for those who are not
informed about such differences.
Boise,Idaho
April 9,2001
Lewiston Office:1216 Idaho Street,Post Office Box 555,Lewiston,Idaho 83501,[phone]MoscowOffice:Key Bank Building.609 South Washington,Suite 202,Moscow.Idaho 83843,[phone]
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31,2000
COMPANY INFORMATION
1 Give full name of utility:Capitol Water Corporation
2 Date of Organization:April 7,1959
3 Organized under the laws of the state of:Idaho
4 Address of Principal Office (number &street)2626 Eldorado
5 P.O.Box (if applicable)
6 City Boise
7 State Idaho
8 Zip Code 83704
9 Organization (proprietor,partnership,Corp.)Corporation
10 Towns,Counties served Boise
Ada County
11 Are there any affiliated Companies?No
If yes,attach a list with names,addresses &descriptions.Explain any services
provided to the utility.
12 Contact Information:Name Phone No.
President (Owner)H.Robert Price 375-0931
Vice President Margaret Price 801-581-0331
Secretary Bonnie Price 375-0931
General Manager H.Robert Price 375-0931
Complaints or Billing Bonnie Price 375-0931
Engineering H.Robert Price 375-0931
Emergency Service H.Robert Price 375-0931
Accounting Presnell Gage 345-2350
13 Were any water systems acquired during the year or any additions/deletions made
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's books and records kept?
Street Address 2626 Eldorado
City Boise
State Idaho
Zip 83704
Page 1 Revised Nov.97
NAME:Capitol Water Corporation
COMPANY INFORMATION (Cont.)
For the Year Ended:December 31,2000
15 Is the system operated or maintained under a
service contract?No
16 If yes:With whom is the contract?
When does the contract expire?
What services and rates are included?
17 Is water purchased for resale through the system?No
18 If yes:Name of Organization
Name of owner or operator
Mailing Address
City
State
Zip
Gallons/CCF $Amount
Water Purchased
19 Has any system(s)been disapprovedby the
Idaho Division of Environmental Quality?Yes
If yes,attach full explanation
20 Has the Idaho Division of Environmental Quality
recommended any improvements?No
If yes,attach full explanation
21 Number of Complaints received during year concerning:
Quality of Service -Requests for Rust Remover 130
High Bills 0
Disconnection 0
22 No.of Customers involuntarily disconnected 8
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?May 1,2000
Attach a Copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?No
if yes,attach full explanation
and an updated system map
See Accountant's Report
Page 2 Revised Nov.97
NAME:Capitol Water Corporation
REVENUE&EXPENSE DETAIL
For the Year Ended:December 31,2000
ACCT #DESCRIPTION
400 REVENUES
1 460 Unmetered Water Revenue $483,662
2 461.1 Metered Sales -Residential
3 461.2 Metered Sales -Commercial,Industrial 74,157
4 462 Fire Protection Revenue 4,465
5 464 Other Water Sales Revenue 594
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines 1 -7)$562,878
(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separately to customers 9,968 Booked to Acct #165.0
10 **Hookupor Connection Fees Collected Booked to Acct #
11 ***CommissionApproved Surcharges Collected 110,310 Booked to Acct #460.4
401 OPERATING EXPENSES
12 601.1-6 Labor -Operation &Maintenance 34,423
13 601.7 Labor -Customer Accounts 0
14 601.8 Labor -Administrative &General 31,662
15 603 Salaries,Officers &Directors 45,000
16 604 Employee Pensions &Benefits 22,586
17 610 Purchased Water
18 615-16 Purchased Power &Fuel for Power 40,929
19 618 Chemicals 6,321
20 620.1-6 Materials &Supplies -Operation &Maint.10,585
21 620.7-8 Materials &Supplies -Administrative &General 14,231
22 631-34 Contract Services-Professional 9 962
23 635 Contract Services -Water Testing
24 636 Contract Services -Other 1,473
25 641-42 Rentals -Property &Equipment
26 650 Transportation Expense 10,572
27 656-59 Insurance 12,299
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm.Exp.(Otherexcept taxes)
31 670 Bad Debt Expense 37
32 675 Miscellaneous 38,635
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)$278,715
See Accountant's Report
Page 3 Revised Nov.97
NAME:Capitol Water Corporation
INCOME STATEMENT
For the Year Ended:December 31,2000
ACCT #DESCRIPTION
1 Revenue (From Page 3,line 8)$562,878
2 Operating Expenses (From Page 3,line 33)$278,715
3 403 Depreciation Expense 89,845
4 406 Amortization,Utility Plant Acquisition Adj.
5 407 Amortization Exp.-Other
6 408.10 Regulatory Fees (PUC)1,549
7 408.11 Property Taxes 29,883
8 408.12 Payroll Taxes 12,216
9A 408.13 Other Taxes (list)DEQ Fees
9B Irrigation 107
9C Vehicles 212
9D
10 409.10 Federal Income Taxes 12,396
11 409.11 State Income Taxes 2,430
12 410.10 Provisionfor Deferred Income Tax -Federal
13 410.11 Provision for Deferred Income Tax -State
14 411 Provision for Deferred Utility Income Tax Credits
15 412 Investment Tax Credits-Utility
16 Total Expenses from operations before interest (add lines 2-15)$427,353
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)$135,525
20 415 Revenues,Merchandizing Jobbing and Contract Work
21 416 Expenses,Merchandizing,Jobbing &Contracts
22 419 Interest &Dividend Income 2,708
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes,Non-Utility Operations
27 409-20 Income Taxes,Non-Utility Operations
28 Net Non-Utility Income (Add lines 20,22,23 &24 less lines 21,25,26,&27)2,708
29 Gross Income (add lines 19 &28)$138,233
30 427.3 Interest Exp.on Long-Term Debt 40,811
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 &31)(Also Enter on Pg 9,Line 2)$97,422
See Accountant's Report
Page 4 Revised Nov.97
NAME Capitol Water Corporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For the Year Ended:December 31 2000
Balance Added Removed Balance
SUB Beginning During During End of
ACCT DESCRIPTION of Year Year Year Year
1 301 Organization $3,584 $3,584
2 302 Franchises and Consents 38,469 38,469
3 303 Land &Land Rights 80,698 175 80,873
4 304 Structures and Improvements 112,068 340 112,408
5 305 Reservoirs &Standpipes 2,914 614 3,528
6 306 Lake,River &Other Intakes
7 307 Wells 504,484 40,435 544,919
8 308 InfiltrationGalleries &Tunnels
9 309 Supply Mains
10 310 Power Generation Equipment
11 311 Power Pumping Equipment 154,970 154,970
12 320 Purification Systems 21,380 21,380
13 330 Distribution Reservoirs &Standpipes
14 331 Trans.&Distrib.Mains &Accessorie 1,121,565 4,879 1,126,444
15 333 Services 477,927 29,202 507,129
16 334 Meters and Meter Installations 90,119 127 90,246
17 335 Hydrants
18 336 Backflow Prevention Devices
19 339 Other Plant &Misc.Equipment
20 340 Office Furniture and Equipment 31,707 1,027 16,138 16,596
21 341 Transportation Equipment 90,790 40,197 39,645 91,342
22 342 Stores Equipment
23 343 Tools,Shop and Garage Equipment 9,085 439 9,524
24 344 Laboratory Equipment
25 345 Power Operated Equipment
26 346 Communications Equipment
27 347 Miscellaneous Equipment
28 348 Other Tangible Property 107 107
29 TOTAL PLANT IN SERVICE $2,739,867 $117,435 $55,783 $2,801,519
(Add lines 1 -28)Enter beginning &end of year totals on Pg 7,Line 1
See Accountant's Report
Page 5 Revised Nov.97
NAME Capitol Water Corporation
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For the Year Ended:December 31,2000
Depreciation Balance Balance Increase
SUB Rate Beginning End of or
ACCT DESCRIPTION %of Year Year (Decrease)
1 304 Structures and Improvements $65,455 $68,123 $2,668
2 305 Reservoirs &Standpipes 2,477 2,511 34
3 306 Lake,River &Other Intakes
4 307 Wells 125,533 143,744 18,211
5 308 Infiltration Galleries &Tunnels
6 309 Supply Mains
7 310 Power Generation Equipment
8 311 Power Pumping Equipment 78,874 82,702 3,828
9 320 PurificationSystems 19,355 19,451 96
10 330 Distribution Reservoirs &Standpipes
11 331 Trans.&Distrib.Mains &Accessories 628,668 667,210 38,542
12 333 Services 202,951 217,839 14,888
13 334 Meters and Meter Installations 35,931 38,888 2,957
14 335 Hydrants
15 336 Backflow Prevention Devices
16 339 Other Plant &Misc.Equipment
17 340 Office Furniture and Equipment 24,070 9,683 (14,387)
18 341 Transportation Equipment 68,094 38,953 (29,141)
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment 5,976 6,825 849
21 344 Laboratory Equipment
22 345 Power Operated Equipment
23 346 Communications Equipment
24 347 Miscellaneous Equipment
25 348 Other Tangible Property 47 52 5
26 TOTALS (Add Lines 1 -25)$1,257,431 $1,295,981 $38,550
Enter beginning &end of year totals on Pg 7,Line 7
See Accountant's Report
Page 6 Revised Nov.97
NAME:Capitol Water Corporation
BALANCE SHEET
For the Year Ended:December 31,2000
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)$2,739,867 $2,801,519 $61,652
2 102 Utility Plant Leased to Others
3 103 Plant Held for Future Use
4 105 Construction Work in Progress
5 114 Utility Plant Acquisition Adjustment
6 Subtotal (Add Lines 1 -5)2,739,867 2,801,519 61,652
7 108.1 Accumulated Depreciation (From Pg 6,Line 26)1,257,431 1,295,981 38,550
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 Accumulated Amortization-Acquisition Adj.
13 Net Utility Plant (Line 6 less lines 7 -12)1,482,436 1,505,538 23,102
14 123 Investment in Subsidiaries
15 125 Other Investments
16 Total Investments (Add lines 14 &15)
17 131 Cash 31,091 60,163 29,072
18 135 Short Term Investments 43,092 45,800 2,708
19 141 Accts/Notes Receivable -Customers 41,139 41,449 310
20 142 Other Receivables
21 145 Receivables from Associated Companies
22 151 Materials &Supplies Inventory 7,197 7,197
23 162 Prepaid Expenses 2,392 1,566 (826)
24 173 Unbilled (Accrued)Utility Revenue
25 143 Provision for Uncollectable Accounts
26 Total Current (add lines 17 -24 less line 25)124,911 156,175 31,264
27 181 Unamortized Debt Discount &Expense
28 183 Preliminary Survey &Investigation Charges
29 184 Deferred Rate Case Expenses
30 186 Other Deferred Charges
31 Total Assets (Add lines 13,16 &26 -30)$1,607,347 $1,661,713 $54,366
See Accountant's Report
Page 7 Revised Nov.97
NAME:Capitol Water Corporation
BALANCE SHEET
For the Year Ended:December 31,2000
LIABILITIES &CAPITAL Balance Balance increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock $10,000 $10,000
2 204-6 Preferred Stock
3 207-13 Miscellaneous Capital Accounts 29,200 29,200
4 214 Appropriated Retained Earnings
5 215 Unappropriated Retained Earnings 567,472 660,885 $93,413
6 216 Reacquired Capital Stock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7Iess line 6)606,672 700,085 93,413
9 221-2 Bonds
10 223 Advances from Associated Companies
11 224 Other Long-Term Debt 322,203 360,805 38,602
12 231 Accounts Payable 13,085 4,334 (8,751)
13 232 Notes Payable 136,452 125,657 (10,795)
14 233 Accounts Payable -Associated Companies
15 235 Customer Deposits (Refundable)
16 236.11 Accrued Other Taxes Payable 37,635 38,131 496
17 236.12 Accrued Income Taxes Payable 19,909 919 (18,990)
18 236.2 Accrued Taxes -Non-Utility
19 237-40 Accrued Debt,Interest &Dividends Payable 1,475 0 (1,475)
20 241 Misc.Current &Accrued Liabilities
21 251 Unamortized Debt Premium
22 252 Advances for Construction 394,840 361,193 (33,647)
23 253 Other Deferred Liabilities
24 255.1 Accumulated Investment Tax Credits -Utility
25 255.2 Accum.Investment Tax Credits -Non-Utility
26 261-5 Operating Reserves
27 271 .Contributions in Aid of Construction 146,864 146,864
28 272 Accum.Amort.of Contrib.in Aid of Const.**(71,787)(76,275)(4,488)
29 281-3 Accumulated Deferred Income Taxes
30 Total Liabilities (Add lines 9 -29)1,000,676 961,628 (39,048)
31 TOTAL LIAB &CAPITAL (Add lines 8 &30)$1,607,348 $1,661,713 $54,365
**Only if Commission Approved
See Accountant's Report
Page 8 Revised Nov.97
NAME:Capitol Water Corporation
STATEMENT OF RETAINED EARNINGS
For the Year Ended:December 31,2000
1 Retained Earnings Balance @ Beginning of Year $567,472
2 Amount Added from Current Year Income (From Pg 4,Line 32)97,422
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings -Country Club Dues (4,009)
6 Retained Earnings Balance @ End of Year $660,885
CAPITAL STOCK DETAIL
No.Shares No.Shares Dividends
7 Description (Class,Par Value etc.)Authorized Outstanding Paid
Common Stock 250 100 None
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
IAdvancesforConstruction N/A $361,193 None None
Debentures 10%5,000 $500 None
Construction 10.50%313,655 33,351 None
Construction Development 8.30%120,657 4,514 None
Automobile Loan 1.90%2,467 103 None
Automobile Loan 8.50%44,683 2,343 None
See Accountant's Report
Page 9 Revised Nov.97
NAME Capitol Water Corporation
SYSTEM ENGINEERING DATA
For the Year Ended:December 31,2000
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:Type of Water
Treatment:Supply
Rated (None,Chlorin Annual Source
Capacity Fluoride Production (Well,Spring,
Pump Designation or location (gPM)Filter etc.)(000's Gal.)Surface Wtr)
Well #1 450 None Well
Well #2 (Inoperative)450 None Well
Well #3 400 None Well
Well #4 2,000 None Well
Well #5 (Abandonedper DEQ order)250 None Well
Well #6 1650 None Well
Well #7 1500 None 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.rized,Boosted Concrete)
Well #1 1,500 Pressurized Steel
Well #2 (Inoperative)
Well #3 3,000 Pressurized Steel
Well #4
Well #5 (Abandonedper DEQ order)
Well #6
Well #7
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
See Accountant's Report
Page 10 Revised Nov.97
NAME Capitol Water Corporation
SYSTEM ENGINEERINGDATA
(continued)
For the Year Ended:December31,2000
4 Pump information for ALL system pumps,including wells and boosters.
Rated Discharge Energy
Designation or Location Horse Capacity Pressure Used
&Type of Pump**Power (gpm)(psi)This Year
Well #1 30 450 70
Well #2 (Inoperative)25 450 50
Well #3 100 400 50
Well #4 200 2000 60
Well #5 (Abandoned per DEQ order)20 250 60
Well #6 150 1500 70
Well #7 150 1500 75
**Submit pump curves unless previously provided 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?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
6 If customers are metered,what was the total amount sold in peak month?
7 Was your system designed to supply fire flows?Yes
If Yes What is current system rating?Included with all city rating
8 How many times were meters read this year?12
During which Months?All months
9 How many additional customers could be served with no system improvements
except a service line and meter?Unknown
How many of those potential additions are vacant lots?Unknown
10 Are backbone plant additions anticipated during the coming year?Yes
If 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?2001
See Accountant's Report
Page 11 Revised Nov.97
NAME:Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
For the Year Ended:December 31,2000
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End of
Size Of Year Year Year Year
10"600 600
2"7,716 50 7,766
4"23,740 23,740
6"75,554 240 75,794
8"38,895 38,895
12"2,060 2,060
3/4"58,793 58,793
1"3,021 40 3,061
1 1/2"260 260
CUSTOMER STATISTICS
Number of Customers Thousands af Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential
28 Commercial 199 199
2C Industrial
Other
3 Flat Rate:
3A Residential 2,392 2,260
38 Commercial
3C Industrial
Other 122
4 Private Fire Protection:
5 Public Fire Protection:163 159
6 Street Sprinkling
7 Municipal,Other:
8 Other Water Utilities:
TOTALS (Add lines 2 throug 2,754 2,740
See Accountant's Report
Page 12 Revised Nov.97
Capitol Water Corporation
Additional Explanations
PUC Report,December 31,2000
CompanyInformation
19.DEQ has issued an order to abandon well #5.During 2001,we will redrill well
#5.
System Engineering Data
10.The anticipated costs of backbone plant additions are:
Redrill well #5 -$262,000
CERTIFICATE
State of Idaho
County of Ada )
WE,the undersigne H.Robert Price
and Bonnie Price
of the Capital Water Corporation
utility,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 therein set forth,to the best of our
knowledge,information and belief.
J'#,.*#'*4 (Chief Officer)
"··,OF 1 ,,**(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
this day of ÁfË/C-,20 Of
NOTARY PUBLIC
My Commission Expires //~2 4
Page 13 Revised Nov.97