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Home My WebLink About2003Annual Report.pdf. c STANTON, JACKSON CO., PLLC ACCOUNTING CONSUL TING 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 2003 , 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. -l:u ~~ fJ J1 Phone 2081345-2350 Fax 208/344-3019 Email SJCOrfEstantonjackson.com ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31 , 2003 COMPANY INFORMATION 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 Capitol Water Corporation April 7, 1959 Idaho 2626 Eldorado Boise Idaho 83704 Corporation Boise Ada County 11 Are there any affiliated companies? If yes, attach a list with names, addresses & descriptions. 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 made to 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 Explain any services Phone No.Name H. Robert Price 375-0931 Margaret 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 City State Zip 83704 Page 1Rev 3/02 NAME:Capitol Water Corporation COMPANY INFORMATION (Cont. For the Year Ended December 31,2003 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 Gallons/CCF $Amount 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 May- Rev 3/02 Page 2 NAME: Capitol Water Corporation ACCT # REVENUE & EXPENSE DETAIL For the Year Ended December 31 , 2003 DESCRIPTION 400 REVENUES Unmetered Water Revenue 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 ***Commission Approved Surcharges Collected 401 OPERATING EXPENSES 12 601.6 Labor - Operation & Maintenance 13 601.Labor - Customer Accounts 14 601.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 20 620.6 Materials & Supplies - Operation & Maint. 21 620.8 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 182. 32 675 Miscellaneous 314. 33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) 460 461. 461. 462 464 465 466 400 Rev 3/02 Page 3 $ 360,494. 612. 4,465. 320. $ 448 891. Booked to Acct # Booked to Acct # 217,429.00 BookedtoAccttl 460.4/. 154. 814. 087. 167. 827. 53,826. 288. 659. 953. 278. 513. 019. 611. $ 326,692. Name: Capitol Water Corporation ACCT # INCOME STATEMENT For Year Ended December 31 , 2003 DESCRIPTION 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) Vehicles $ 326,692. 319. 518. 33,100. 12,587. DEQ Fees 177. 585. 164. 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,, & 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) Page 4 $ 448 891. 448 142. 749. 749. 101. 352.00) Name: Capitol Water Corporation ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended December 31 , 2003 SUB ACCT # Balance Beginning of Year Added During YearDESCRIPTION Removed During Year Balance End of Year 301 Organization 584.584. 302 Franchises and Consents 969.969. 303 Land & Land Rights 237.993.230. 304 Structures and Improvements 122,440.104.125 544. 305 Collecting & Impounding Reservoirs 2,452.2,452. 306 Lake, River & Other Intakes 307 Wells 212 383.013.228 396. 308 Infiltration Galleries & Tunnels 309 Supply Mains 065,926.193.069 119. 310 Power Generation Equipment 311 Power Pumping Equipment 157 884.829.162 713. 320 Purification Systems 184.184. 330 Distribution Reservoirs & Standpipes 076.076. 331 Trans. & Distrib. Mains & Accessories 511.097.608. 333 Services 548,907.23,932.572 839. 334 Meters and Meter Installations 92,414.324.95,738. 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 340 Office Furniture and Equipment 285.17,285. 341 Transportation Equipment 668.932.122 600. 342 Stores Equipment 343 Tools, Shop and Garage Equipment 321.190.511. 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property 107.107. TOTAL PLANT IN SERVICE (Add lines 1 - 28) $ 2,427 348.00 ! $ 94 607.00 $ $2,521 955. Enter beginning & end of year totals on Pg 7, Line 1 Rev 3/02 Page 5 Name: Capitol Water Corporation ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL For Year Ended December 31,2003 SUB ACCT # Depreciation Rate Balance Beginning of Year Balance End of YearDESCRIPTION Increase (Decrease) 304 Structures and Improvements 72,809.948.139. 305 Collecting & Impounding Reservoirs 397.400. 306 Lake, River & Other Intakes 307 Wells 121 864.127 902.038. 308 Infiltration Galleries & Tunnels 309 Supply Mains 731 760.757,861.101. 310 Power Generation Equipment 311 Power Pumping Equipment 90,312.354.042. 320 Purification Systems 19,385.19,514.129. 330 Distribution Reservoirs & Standpipes 205.248.43. 331 Trans. & Distrib. Mains & Accessories 186.471.285. 333 Services 251 180.268,802.17,622. 334 Meters and Meter Installations 962.075.113. 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 340 Office Furniture and Equipment 13,483.15,336.853. 341 Transportation Equipment 68,099.539.14,440. 342 Stores Equipment 343 Tools, Shop and Garage Equipment 748.742.994. 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property 65.69. TOTALS (Add Lines 1 - 25)$ 1,427,455.$ 1 505 261.806. Enter beginning & end of year totals on Pg 7, Line 7 Rev 3/02 Page 6 Name: Capitol Water Corporation BALANCE SHEET For Year Ended December 31 2003 ASSETS Balance Beginning IncreaseBalance End of ACCT #DESCRIPTION of Year Year (Decrease) 101 Utility Plant in Service (From Pg 5, Line 29)$ 2 427 348.$ 2 521 955.607. 102 Utility Plant Leased to Others 103 Plant Held for Future Use 105 Construction Work in Progress 114 Utility Plant Aquisition Adjustment Subtotal (Add Lines 1 - 5)427 348.521 955.607. 108.Accumulated Depreciation (From Pg 6, Line 26)1,427,455.505,261.806. 108.Accum. Depr. - Utility Plant Lease to Others 108.Accum. Depr. - Property Held for Future Use 110.Accum. Amort. - Utility Plant in Service 110.Accum. Amort. - Utility Plant Lease to Others 115 Accumulated Amortization - Aquisition Adj. Net Utility Plant (Line 6 less lines 7 - 12)999,893.016 694.801. 123 Investment in Subsidiaries 125 Other Investments 141.984.843. Total Investments (Add lines 14 & 15)141.984.843. 131 Cash 45,970.157.(39,813.00) 135 Short Term Investments 141 Accts/Notes Receivable - Customers 675.630.(13 045.00) 142 Other Receivables 145 Receivables from Associated Companies 151 Materials & Supplies Inventory 359.359. 162 Prepaid Expenses 960.961. 173 Unbilled (Accrued) Utility Revenue 143 Provision for Un collectable Accounts Total Current (Add lines 17 -24 less line 25)112 964.60,107.(52,857.00) 181 Unamortized Debt Discount & Expense 183 Preliminary Survey & Investigation Charges 184 Deferred Rate Case Expenses 186 Other Deferred Charges 162,998.00 $1 129 785.00 $ (33,213.00)Total Assets (Add lines 13, 16 & 26 - 30) Rev 3/02 Page 7 Name: Capitol Water Corporation BALANCE SHEET For Year Ended December 31 2003 LIABILITIES & CAPITAL Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 201-Common Stock 10,000.000. 204-Preferred Stock 207-Miscellaneous Capital Accounts 29,200.200. 214 Appropriated Retained Eamings 215 Unappropriated Retained Earnings 555,896.539,046.(16,850.00) 216 Reacquired Capital Stock 218 Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6)595,096.578,246.(16,850.00) 221-Bonds 000.000. 223 Advances from Associated Companies 224 Other Long - Term Debt 231 Accounts Payable 869.045.176. 232 Notes Payable 132,315.141 137.822. 233 Accounts Payable - Associated Companies 235 Customer Deposits (Refundable) 236.Accrued Other Taxes Payable 40,270.40,499.229. 236.Accrued Income Taxes Payable 083.00)022.00)(939.00) 236.Accrued Taxes - Non-Utility 237-40 Accrued Debt, Interest & Dividends Payable 250.500.250. 241 Misc. Current & Accrued Liabilities 251 Unamortized Debt Premium 252 Advances for Construction 322,690.302 999.(19 691.00) 253 Other Deferred Liabilities 255.Accumulated Investment Tax Credits - Utility 255.Accum. Investment Tax Credits - Non-Utility 261-Operating Reserves 271 Contributions in Aid of Construction 150,839.147 115.724.00) 272 Accum. Amort. of Contrib. in Aid of Const. **(85 248.00)(89,734.00)(4,486.00) 281-Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 - 29 567 902.551,539.(16 363.00) TOTAL LlAB & CAPITAL ( Add lines 8 & 30)$ 1 162,998.$ 1,129 785.(33 213.00) ** Only if Commission Approved Rev 3/02 Page 8 Name: Capitol Water Corporation STATEMENT OF RETAINED EARNINGS For Year Ended December 31 2003 Retained Earnings Balance Beginning of Year Amount Added from Current Year Income (From Pg 4, Line 32) Other Credits to Account Dividends Paid or Appropriated Other Distributions of Retained Earnings Retained Earnings Balance ~ End of Year $ 555,896. 352.00) 000.00) 498.00) $ 539 046. CAPITAL STOCK DETAIL No. Shares Description (Class, Par Value etc. Common Stock No. Shares Outstanding Dividends PaidAuthorized 250 100 000. DETAIL OF LONG-TERM DEBT escnpllon a e a ance ccrue Advances for Construction N/A None Debentures 10%000.500. Note- R. Price 232.969. Note- Bavhill 87%498.132. Note- B of A 7.25%38,440.500. Ford Motor Credit N/A 967.None Interest R t. r Rev 3/02 Page 9 Year-end B I Interest P ' Interest Name: Capitol Water Corporation SYSTEM ENGINEERING DATA For Year Ended December 31,2003 Provide an updated system map if significant changes have been made to the system during the year. Rated Capacity Type of Treatment: (None, Chlorine Fluoride Annual Production Water Supply Source (Well, Spring, Water Supply: Pump Designation or location (gpm)Filter etc.(OOO's Gal.)Surface Wtr) Well #1 350 Phosphate Well Well #2 - inoperative 450 None Well Well #3 350 Phosphate Well Well #4 2000 Phosphate Well Well #5 - redrilled in 2002 1500 None Well Well #6 1500 ASR Well Well #7 1500 Phosphate Well System Storage: Total Capacity OOO' G I Usable Capacity OOO' G I Type ofReservoir Construction (Elevated Pres- (Wood, Steel. d B t d) t )Storage eslgnatlon or oca Ion unze oose oncre e Well #1 1500 Presurized Steel Well #2 Well #3 3000 Presurized Steel Well #4 Well #5 Well #6 Well #7 (Duplicate form and attach if necessary. Asterisk facilities added this year. Rev 3/02 Page 10 Name: Capitol Water Corporation SYSTEM ENGINEERING DATA (continued) For Year Ended December 31 , 2003 Pump information for ALL system pumps, including wells and boosters. Designation or Location&T fP Rated Capacity Energy Used Discharge PressureHorse Ivpeo ump'ower gpm (psi)This Year Well #1 350 Well #2- inoperative Well #3 100 350 Well #4 200 2000 Well #5 150 1500 Well #6 150 1500 Well #7 150 1500 ** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year. Attach additional sheets if inadequate space is available on this page. 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? Unknown 166 813,000 783 000 If customers are metered , what was the total amount sold in peak month?N/A Was your system designed to supply fire flows? If Yes: What is current system rating? Yes Included How many times were meters read this year? During which months? Daily Jan to Dec 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? Unknown Unknown 10 Are backbone plant additions anticipated during the coming year? If Yes, attach an explanation of projects and anticipated costs! In what year do you anticipate that the system capacity (supply, storage or distribution) will have to be expanded?Unknown Rev 3/02 Page 11 Name: Capitol Water Corporation SYSTEM ENGINEERING DATA (continued) For Year Ended December 31 , 2003 FEET OF MAINS Pipe Size In Use Beginning Of Year Installed During Year Abandoned During Year In Use End of Year 10"600 600 766 846 740 740 894 894 40,725 725 12"060 060 3/4"58,793 793 071 141 11/2"290 290 CUSTOMER STATISTICS Number of Customers Thousands of Gallons Sold TOTALS (Add lines 2 through 8) This Last This Last Year Year Year Year 196 190 2284 2275 124 123 166 165 2793 2776 Metered: Residential Commercial Industrial Flat Rate: Residential Commercial Industrial Private Fire Protection Public Fire Protection Street Sprinkling Municipal , Other Other Water Utilities Rev 3/02 Page 12 CERTIFICATE State of Idaho ) ss County of jlO4 , the undersigned dfl i!CE and of the (~PJ iOL.. ttJ/JrGIZ, t0eptJ.e47)aJ 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 therin set forth, to the best of our knowledge, information and belief. J:iL(Chief Officer) Subscribed and Sworn to Before Me ~... ~..v.D ~.I~~ l" ,eJ ~ '\. !1:It: ,",or... ,.. : ~J. 0 i -.- z . , lISL1(, -:. ~ * "'" .... l? OF II) ~ ~ ..,,- II........,' (Officer in Charge of Accounts) t\r1y Commission Expires //4'otJ'I gdklexcelljnelsonlanul rptslwtra nnual rpt Rev 3/02 Page 13