2004Annual report.pdf

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CAPITOL WATER' CORPORATION.
NAME
2626 ELDORADO BOISE ' ID 83704
ADDRESS
.. ..'
TO TH
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED DECEMBER 31 , 2004
CCPA~J JACKSON COLES, PLLC
Certified Public Accountants
University Plaza, Suite 415
960 Broadway Ave.
Boise, ID 83706
Board of Directors
Capitol Water Corporation
Boise, Idaho
We have compiled the balance sheet of CAPITOL WATER CORPORATION, as of December 31
2004, 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 withStatements 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.
Ptt.C
Phone [phone]-Fax [phone]-Emailjacksoncolescpas.com
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31 , 2004
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 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 EldoradoCity BoiseState Idaho
Zip
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
Rev 3/02
COMPANY INFORMATION
Capitol Water Corporation
April 7, 1959
Idaho
2626 Eldorado
Boise
Idaho
83704
Corporation
Boise
Ada County
Explain any services
Name Phone No.
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
Jackson Coles PLLC 345-2350
83704
Page
NAME:Capitol Water Corporation
COMPANY INFORMATION (Cont.
For the Year Ended December 31 2004
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
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
Rev 3/02 Page 2
Gallons/CCF $Amount
May-
NAME: Capitol Water Corporation
ACCT #
460
461.
461.
462
464
465
466
400
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 Accou nts
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
32 675 Miscellaneous 255.
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02
REVENUE & EXPENSE DETAIL
For the Year Ended December 31 2004
DESCRIPTION
400 REVENUES
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, Industrial
Fire Protection Revenue
$ 371 384.
573.
720.
326.
$ 491 003.
Booked to Acct #
Booked to Acct #
129,298.00 Booked to Acct ~460.
714.
781.
900.
833.
537.
834.
588.
700.
810.
613.
376.
101.
$ 325 042.
Page 3
Name: Capitol Water Corporation
ACCT #
INCOME STATEMENT
For Year Ended December 31 2004
DESCRIPTION
403
406
407
6 408.
7 408.
8 408.
9A 408.
17 413
18 414
30 427.
31 427.
409. 1 0
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
$ 491 003.
$ 325 042.
794.
603.
092.
778.
DEQ Fees
515.
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 I ncome (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 , & 27)
Gross Income (add lines 19 & 28)
Interest Exp. on Long-Term Debt
Other I nterest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
20.
449 844.
Page 4
159.
159.
6,445.
714.
Name: Capitol Water Corporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31 2004
SUB
ACCT #
Balance
Beginning
of Year
Balance
End of
Year
Added
During
Year
Removed
During
YearDESCRIPTION
301 Organization 584.584.
302 Franchises and Consents 969.969.
303 Land & Land Rights 230.230.
304 Structures and Improvements 125 544.818.115 726.
305 Collecting & Impounding Reservoirs 2,452.2,452.
306 Lake, River & Other Intakes
307 Wells 228 396.228,396.
308 Infiltration Galleries & Tunnels
309 Supply Mains 069 119.930.090 049.
310 Power Generation Equipment
311 Power Pumping Equipment 162 713.162 713.
320 Purification Systems 184.184.
330 Distribution Reservoirs & Standpipes 076.076.
331 Trans. & Distrib. Mains & Accessories 608.94.702.
333 Services 572 839.186.617 025.
334 Meters and Meter Installations 738.8,415.104 153.
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment 285.677.962.
341 Transportation Equipment 122 600.122 600.
342 Stores Equipment
343 Tools, Shop and Garage Equipment 511.153.664.
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property 107.107.
$ 2 521 955.00 I $ 74,455.00 $ 9 818.00 $ 2 586 592.
Enter beginning & end of year totals on Pg 7, Line
TOTAL PLANT IN SERVICE
(Add lines 1 - 28)
Rev 3/02 Page 5
Name: Capitol Water Corporation
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended December 31 2004
SUB
Depreciation
Rate
IncreaseBalance
Beginning
Balance
End of
ACCT #DESCRIPTION of Year Year (Decrease)
304 Structures and Improvements 948.676.728.
305 Collecting & Impounding Reservoirs 400.2,402.
306 Lake, River & Other Intakes
307 Wells 127 902.134 260.358.
308 Infiltration Galleries & Tunnels
309 Supply Mains 757 861.784 514.653.
310 Power Generation Equipment
311 Power Pumping Equipment 354.98,492.138.
320 Purification Systems 514.643.129.
330 Distribution Reservoirs & Standpipes 248.292.44.
331 Trans. & Distrib. Mains & Accessories 2,471.901.430.
333 Services 268 802.287 933.131.
334 Meters and Meter Installations 075.51,451.376.
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment 336.16,910.574.
341 Transportation Equipment 539.830.291.
342 Stores Equipment
343 Tools, Shop and Garage Equipment 742.678.936.
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property 69.73.
TOTALS (Add Lines 1 - 25)$ 1 505 261.$ 1 585 055.794.
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 2004
ASSETS Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
101 Utility Plant in Service (From Pg 5, Line 29)$ 2 521 955.$ 2 586 592.637.
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)521 955.586 592.637.
108.Accumulated Depreciation (From Pg 6, Line 26)505 261.585 055.794.
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)016 694.001 537.(15 157.00)
123 Investment in Subsidiaries
125 Other Investments 984.763.779.
Total Investments (Add lines 14 & 15)984.60,763.779.
131 Cash 157.179.022.
135 Short Term Investments
141 Accts/Notes Receivable - Customers 630.45,463.(167.00)
142 Other Receivables
145 Receivables from Associated Companies
151 Materials & Supplies Inventory 359.801.(558.00)
162 Prepaid Expenses 961.130.(831.00)
173 Unbilled (Accrued) Utility Revenue
143 Provision for Uncollectable Accounts
Total Current (Add lines 17 -24 less line 25)107.573.18,466.
181 Unamortized Debt Discount & Expense
183 Preliminary Survey & Investigation Charges
184 Deferred Rate Case Expenses
186 Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)129 785.00 $1 140,873.00 $088.
Rev 3/02 Page 7
Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31 2004
LIABILITIES & CAPITAL Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
201-Common Stock 000.10,000.
204-Preferred Stock
207-Miscellaneous Capital Accounts 200.200.
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings 539 046.554 146.100.
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)578 246.593 346.100.
221-Bonds 000.000.
223 Advances from Associated Companies
224 Other Long - Term Debt
231 Accounts Payable 045.13,578.533.
232 Notes Payable 141 137.117 347.(23 790.00)
233 Accounts Payable - Associated Companies
235 Customer Deposits (Refundable)
236.Accrued Other Taxes Payable 40,499.996.503.00)
236.Accrued Income Taxes Payable 022.00)166.00)(144.00)
236.Accrued Taxes - Non-Utility
237 -Accrued Debt, Interest & Dividends Payable 500.(500.00)
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction 302 999.319 91.392.
253 Other Deferred Liabilities
255.Accumulated Investment Tax Credits - Utility
255.Accum. Investment Tax Credits - Non-Utility
261-Operating Reserves
271 Contributions in Aid of Construction 147 115.148 115.000.
272 Accum. Amort. of Contrib. in Aid of Const. **(89 734.00)(89 734.00)
281-Accumulated Deferred Income Taxes
Total Liabilities (Add lines 9 - 29 551 539.547 527.012.00)
TOTAL LlAB & CAPITAL (Add lines 8 & 30)$ 1 129,785.$ 1 140 873.088.
** Only if Commission Approved
Rev 3/02 Page 8
Name: Capitol Water Corporation
STATEMENT OF RETAINED EARNINGS
For Year Ended December 31 2004
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
$ 539 046.
714.
(15 000.00)
614.00)
$ 554 146.
CAPITAL STOCK DETAIL
No. Shares No. Shares Dividends
P 'Description (Class, Par Value etc.
Common Stock
. dAut onze utstan InO
250 100 000.
DETAIL OF LONG-TERM DEBT
Interest Year-end
. r
Interest Interest
escnp11on Rate Balance Pal Accrued
Advances for Construction N/A None
Debentures 10%000.500.
Note- R. Price 232.
Note- Bavhill 87%23,778.060.
Note- B of A 25%110.885.
Ford Motor Credit N/A 227.None
Rev 3/02 Page 9
Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
For Year Ended December 31 2004
Provide an updated system map if significant changes have been made to the system during the year.
Water Supply:
Rated
Capacity
Type of
Treatment:
(None, Chlorine
Fluoride
Annual
Production
Water
Supply
Source
(Well, Spring,
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'
Usable
Capacity
OOO'
Type of
Reservoir
(Elevated Pres-
Construction
(Wood, Steel
Storaqe Desiqnation or Location Gal.Gal.urized , Boosted)Concrete)
Well #1 1500 Pressurized Steel
Well #2
Well #3 3000 Pressurized 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 , 2004
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
Rated
Capacity
Energy
Used
Discharge
PressureHorse
& Type of Pump Power (Qpm)(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
170 685 000
016 000
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 Dee
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!
11 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 2004
FEET OF MAINS
Pipe
Size
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
10"600 600
846 120 966
740 740
894 120 014
725 920 645
12"060 060
3/4"793 793
141 875 016
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
259 196
2286 2284
125 124
170 166
2863 2793
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
County of
) ss
, the undersigned II Ro~~teE
and
of the (!~PlrAL- (,.VA T6t?- eon..Po/i!/Jr/lJ,u
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.
(Chief Officer)
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
this a 9 day of /JPI2 J ~s-
My Commission Expires ,l/!dYcm8612 /tJ ~O/O
gd klexcel/jnelson/anu Irpts/wtran n ualrpt
Rev 3/02 Page 13