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Home My WebLink About2002Annual Report.pdfCJo'l ANNUAL REPORT NAME' c: '4:::0-'I ' ' t::) rT1 ....... " r " '1'1,""'--:::~ 3JI', ........ ~C.:.J -0 o' , -~ ~ ..c:::(T1-('Tl(fr:::;~ ' "'~, C? -:Jc: ~, :3: .. ~, ::J.:~r - ' c.n (") t11 ' CAPITOL WATER mRPORATION 2626 El.J)()RAoo BOISE , IDAHO 83704 , ADDRESS TO THE , IDAHO PUBLI, UTI LI TIE S CO MIS S ION , FORTHE, YEAR ENDED ,DECEMBER 31 , 2002 ' ,, , STANTON, JACKSON CO., PLLC ACCOUNTING CONSULTING 415 South 4th Street Post Office Box 1693 Boise, Idaho 83701 Board of Directors Capitol Water Corporation Boise, Idaho We have compiled the balance sheet of CAPITOL WATER CORPORATION, as of December 31 2002, 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. ~~~ April 29, 2003 /J/L e Phone 208/345-2350 Fax 208/344-3019 Email SJCO~tantonJackson,com ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31 , 2002 11 Are there any affiliated companies? If yes, attach a list with names, addresses & descriptions. Explain any services provided to the utility. 12 Contact Information President (Owner) Vice President Secretary General Manager Complaints or Billing Engineering Emergency Service Accounting 13 Were any water systems acquired during the year or any additions/deletions madeto the service area during the year? If 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 2626 Eldorado 1 Give full name of utility 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 City State Zip Rev 3/02 COMPANY INFORMATION Capitol Water Corporation April 7 1959 Idaho 2626 Eldorado Boise Idaho 83704 Corporation Boise Ada County Name Phone No. H. Robert Price 375-0931 Marqaret Price 801-581-0331 Bonnie Price 375-0931 H. Robert Price 375-0931 Bonnie Price 375-0931 H. Robert Price 375-0931 H. Robert Price 375-0931 Stanton, Jackson & Co., PLLC 345-2350 Boise Idaho 83704 Page 1 NAME:Capitol Water Corporation COMPANY INFORMATION (Cont.) For the Year Ended December 31 , 2002 Water Purchased 19 Has any system(s) been disapproved by the Idaho Division of Environmental Quality? If yes, attach full explanation 20 Has the Idaho Division of Environmental Quality recommended any improvements? If yes, attach full explanation 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? If yes, attach full explanation and an updated system map 15 Is the system operated or maintained under a service contract? 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? 18 If yes: Name of Organization Name of owner or operator Mailing Address City State Zip Rev 3/02 Gallons/CCF $Amount May- Page 2 NAME: ACCT # 460 461. 461. 462 464 465 466 400 Capitol Water Corporation REVENUE & EXPENSE DETAIL For the Year Ended DESCRIPTION 400 REVENUES Unmetered Water Revenue December 31 2002 Metered Sales - Residential Metered Sales - Commercial, Industrial Fire Protection Revenue Other Water Sales Revenue Irrigation Sales Revenue Sales for Resale Total Revenue (Add Lines 1 - 7) (also enter result on Page 4, line 1) * DEQ Fees Billed separately to customers 10 ** Hookup or Connection Fees Collected 11 mCommission Approved Surcharges Collected 401 OPERATING EXPENSES 12 601.6 Labor - Operation & Maintenance 13 601.Labor - Customer Accounts 14 603.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 19 618 Chemicals 20 620.Materials & Supplies - Operation & Maint. 21 620.Materials & Supplies - Administrative & General 22 631-34 Contract Services - Professional 23 635 Contract Services - Water Testing 24 636 Contract Services - Other 25 641-42 Rentals - Property & Equipment 26 650 Transportation Expense 27 656-59 Insurance 28 660 Advertising 29 666 Rate Case Expense (Amortization) 30 667 Regulatory Comm. Exp. (Other except taxes) 31 670 Bad Debt Expense 32 675 Miscellaneous 9,435 33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) Rev 3/02 Page 3 $380,423. 75,951 578 628 463 580 Booked to Acct # Booked to Acct # 174 766 Booked to Acct #460.4/. Surcharge revenue is not included above 784 608 280 000 26,332 842 28,496 210 748 618 213 882 304,483 Name: ACCT # Capitol Water Corporation INCOME STATEMENT For Year Ended DESCRIPTION December 31 , 2002 403 406 407 6 408. 7 408. 8 408. 9A 408. 17 413 18 414 30 427. 31 427. 409. 409. 410. 410. 411 412 415 416 419 420 421 426 408. 409- Rev 3/02 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) Irrigation Vehicles 463 580 304,483 475 447 159 603 DEQ Fees 354 Federal Income Taxes State Income Taxes Provision for Deferred Income Tax - Federal Provision for Deferred Income Tax - State Provision for Deferred Utility Income Tax Credits Investment Tax Credits - Utility Total Expenses from operations before interest (add lines 2-15) Income From Utility Plant Leased to Others Gains (Losses) From Disposition of Utility Plant Net Operating Income (Add lines 1 , 17 & 18 less line 16) Revenues, Merchandizing Jobbing and Contract Work Expenses, Merchandizing, Jobbing & Contracts Interest & Dividend Income Allowance for Funds used During Construction Miscellaneous Non-Utility Income Miscellaneous Non-Utility Expense Other Taxes, Non-Utility Operations Income Taxes, Non-Utility Operations Net Non-Utility Income (Add lines 20 23 & 24 less lines 21 25,26, & 27) Gross Income (add lines 19 & 28) Interest Exp. on Long-Term Debt Other Interest Charges NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2) 316 3,408 446 245 335 409 409 744 13,248 4,496 Page 4 Name:Captiol Water Corporation ACCOUNT 101 PLANT IN SERVICE DETAILFor Year Ended December 31 , 2002 Balance Beginning of Year Added During Year Removed During Year Balance End of Year SUB ACCT #DESCRIPTION 301 Organization 584 584 302 Franchises and Consents 969 969 303 Land & Land Rights 788 788 304 Structures and Improvements 166 953 166 953 305 Collecting & Impounding Reservoirs 528 528 306 Lake, River & Other Intakes 307 Wells 139 890 294,446 434 336 308 Infiltration Galleries & Tunnels 309 Supply Mains 081 122 081 122 310 Power Generation Equipment 311 Power Pumping Equipment 172,480 172,480 320 Purification Systems 184 184 330 Distribution Reservoirs & Standpipes 331 Trans. & Distrib. Mains & Accessories 020 020 333 Services 548 829 548 829 334 Meters and Meter Installations 92,415 92,415 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 340 Office Furniture and Equipment 285 285 341 Transportation Equipment 668 668 342 Stores Equipment 343 Tools, Shop and Garage Equipment 276 045 321 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property 107 107 TOTAL PLANT IN SERVICE 502,098 295,491 797 589 (Add lines 1 - 28)Enter beginning & end of year totals on Pg 7, Line 1 Rev 3/02 Page 5