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Home My WebLink About2006Annual Report.pdfANNUAL 'J /)/~//) .,,- "-(//7) 'I') / '(!.' ~'l ,- '1 " . U;;; ~I.), ., ' ,If /., ~r/. 'if:,,'. U 7//. REPO~ (/,/~ ,,-y' ;;/r~/n /'f' \,y ~':. . Ci\ f - CAPITOL WATER, INC. . NAME 2626 ELDORADO BOISE, ID 83704 ADDRESS TO THE IDAHO PUBLIC I ' UTI 1_TIES COMMISSION FOR THE YEAR ENDED DECEMBER 31 2006 (CPAj'JACKSON COLES, PLLC Certified Public Accountants University Plaza, Suite 415 960 Broadway Ave. Boise, In 83706 Board of Directors Capitol Water Corporation Boise, Idaho We have compiled the balance sheet of CAPITOL WATER CORPORATION, as of December 31 2006, 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. 4/ PI-t.(: Phone 208/345-2350 Fax 208/344-3019oEmailjacksoncolescpas.com ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31 2006 COMPANY INFORMATION Capitol Water Corporation April 7, 1959 Idaho 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 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 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 Boise Idaho City State Zip 83704 Page 1Rev 3/02 NAME: Capitol Water Corporation COMPANY INFORMATION (Cont.) For the Year Ended December 31 2006 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 Gailons/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 Mar- Rev 3/02 Page 2 NAME: Capitol Water Corporation ACCT # 460 461, 461. 462 464 465 466 400 REVENUE & EXPENSE DETAIL For the Year Ended DESCRIPTION 400 REVENUES December 31 2006 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 Unmetered Water Revenue Metered Sales - Residential 385 338 Metered Sales - Commercial, Industrial Fire Protection Revenue Other Water Sales Revenue 817 569 716 $ 488,440, Booked to Acct # Booked to Acct # 128 045 Booked to Acct fj 460, 401 OPERATING EXPENSES 601.6 Labor - Operation & Maintenance 45,031 601.Labor - Customer Accounts 737 601.Labor - Administrative & General 699 603 Salaries, Officers & Directors 664 604 Employee Pensions & Benefits 054 610 Purchased Water 615-Purchased Power & Fuel for Power 742 618 Chemicals 620,6 Materials & Supplies - Operation & Maint.246 620,8 Materials & Supplies - Administrative & General 253 631-34 Contract Services - Professional 670 635 Contract Services - Water Testing 636 Contract Services - Other 676 641-42 Rentals - Property & Equipment 650 Transportation Expense 354 656-Insurance 717 660 Advertising 666 Rate Case Expense (Amortization) 667 Regulatory Comm. Exp. (Other except taxes) 670 Bad Debt Expense 149 675 Miscellaneous 243 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)347 235. Rev 3/02 Page 3 Name: Capitol Water Corporation ACCT # INCOME STATEMENT For Year Ended DESCRIPTION December 31 2006 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 347 235 673 348 915 660 DEQ Fees 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 , & 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 4 488,440 668 446 519 143 064 49,064 926 138 Name: Capitol Water Corporation ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended December 31 2006 SUB ACCT # Balance Beginning of Year Added During Year Balance End of Year Removed During YearDESCRIPTION 301 Organization 584 584 302 Franchises and Consents 969 40,969 303 Land & Land Rights 230 135 095 304 Structures and Improvements 116 746 400 710 116,436 305 Collecting & Impounding Reservoirs 2,452 2,452 306 Lake, River & Other Intakes 307 Wells 228 396 772 247 168 308 Infiltration Galleries & Tunnels 309 Supply Mains 090 374 240 091 614 310 Power Generation Equipment 311 Power Pumping Equipment 162 944 190 180 134 320 Purification Systems 184 184 330 Distribution Reservoirs & Standpipes 076 076 331 Trans, & Distrib, Mains & Accessories 507 131 376 333 Services 642 854 877 668 731 334 Meters and Meter Installations 104 511 399 106 910 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Mise, Equipment 340 Office Furniture and Equipment 340 340 341 Transportation Equipment 103 879 103 879 342 Stores Equipment 343 Tools, Shop and Garage Equipment 786 042 828 344 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) 598 939 $ 66 920 $ 2 976 $ 2 662 883 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 , 2006 SUB Depreciation Rate Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 304 Structures and Improvements 508 337 829 305 Collecting & Impounding Reservoirs 2,405 2,408 306 Lake, River & Other Intakes 307 Wells 140 619 147,416 797 308 Infiltration Galleries & Tunnels 309 Supply Mains 810 825 836 427 602 310 Power Generation Equipment 311 Power Pumping Equipment 102 636 107 185 549 320 Purification Systems 772 1 9 901 129 330 Distribution Reservoirs & Standpipes 334 377 331 Trans, & Distrib. Mains & Accessories 350 808 458 333 Services 308,403 329 908 505 334 Meters and Meter Installations 976 562 586 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc, Equipment 340 Office Furniture and Equipment 319 622 303 341 Transportation Equipment 380 599 219 342 Stores Equipment 343 Tools, Shop and Garage Equipment 667 772 105 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property TOTALS (Add Lines 1 - 25)642 271 715,404 133 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 , 2006 ASSETS Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 101 Utility Plant in Service (From Pg 5, Line 29)598 939 662 883 944 102 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)598 939 662 883 944 108.Accumulated Depreciation (From Pg 6, Line 26)642 271 715 404 133 108.Accum. Depr, - Utility Plant Lease to Others 108.Accum. Depr, - Property Held for Future Use 110.Accum. Amort. - Utility Plant in Service 110.2 Accum. Amort. - Utility Plant Lease to Others 115 Accumulated Amortization - Aquisition Adj, Net Utility Plant (Line 6 less lines 7 - 12)956 668 947,479 189) 123 Investment in Subsidiaries 125 Other Investments 763 60,763 Total Investments (Add lines 14 & 15)763 763 131 Cash 341 (120)(1,461) 135 Short Term Investments 141 Accts/Notes Receivable - Customers 005 , 161 156 142 Other Receivables 145 Receivables from Associated Companies 151 Materials & Supplies Inventory 801 801 162 Prepaid Expenses 173 Unbilled (Accrued) Utility Revenue 143 Provision for Uncollectable Accounts Total Current (Add lines 17 -24 less line 25)147 842 695 181 Unamortized Debt Discount & Expense 183 Preliminary Survey & Investigation Charges 184 Deferred Rate Case Expenses 186 Other Deferred Charges 073 578 $071 084 $(2,494)Total Assets (Add lines 13,16 & 26 - 30) Rev 3/02 Page 7 Name: Capitol Water Corporation BALANCE SHEET For Year Ended December 31 , 2006 LIABILITIES & CAPITAL Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 201-Common Stock 000 000 204-Preferred Stock 207-Miscellaneous Capital Accounts 200 200 214 Appropriated Retained Earnings 215 Unappropriated Retained Earnings 533 604 557 556 952 216 Reacquired Capital Stock 218 Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6)572 804 596,756 952 221-Bonds 000 000 223 Advances from Associated Companies 224 Other Long - Term Debt 231 Accounts Payable 176 538 (638) 232 Notes Payable 90,708 946 238 233 Accounts Payable - Associated Companies 235 Customer Deposits (Refundable) 236.Accrued Other Taxes Payable 759 207 552) 236,Accrued Income Taxes Payable 166)166) 236,Accrued Taxes - Non-Utility 237 -Accrued Debt, Interest & Dividends Payable 375 (375) 241 Mise, Current & Accrued Liabilities 251 Unamortized Debt Premium 252 Advances for Construction 304 591 281 ,115 (23 476) 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 150 065 160 882 817 272 Accum, Amort. of Contrib. in Aid of Const. **(89 734)(103 194)(13,460) 281-Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 - 29 500 774 474 328 (26,446) TOTAL LlAB & CAPITAL (Add lines 8 & 30)073 578 071 084 (2,494) ** Only if Commission Approved Rev 3/02 Page 8 Name: Capitol Water Corporation STATEMENT OF RETAINED EARNINGS For Year Ended December 31 , 2006 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 533 604 138 (15 000) 186) 557 556 CAPITAL STOCK DETAIL No. Shares No. Shares Dividends Description (Class, Par Value etc. Common Stock Authorized Outstandinq Paid 250 100 000, DETAIL OF LONG-TERM DEBT Interest R t Year-end B I Interest P ' Interest Descriotlon a e a ance ccrue Advances for Construction N/A None Debentures 10%000,500. Note- R. Price 622. Note- Bavhill 87%323.708. Note- B of A 25%1,718, Rev 3/02 Page 9 Name: Capitol Water Corporation SYSTEM ENGINEERING DATA For Year Ended December 31 2006 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 Desiqnation or location (qpm)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 Storage Designation 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 , 2006 Pump information for ALL system pumps, including wells and boosters, Designation or Location Horse Rated Capacity Discharge Pressure Energy Used & 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? If customers are metered , what was the total amount sold in peak month? Was your system designed to supply fire flows? If Yes: What is current system rating? How many times were meters read this year? During which months? 995,000 000 170 685 000 016,000 N/A Yes Included 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? 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? Rev 3/02 Page 11 Unknown Unknown Unknown Name: Capitol Water Corporation SYSTEM ENGINEERING DATA (continued) For Year Ended December 31 2006 FEET OF MAINS Pipe Size In Use Beginning Of Year Installed During Year Abandoned During Year In Use End of Year 10"600 600 966 966 740 740 014 014 645 645 12"060 060 3/4"793 793 016 016 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 258 264 2296 2293 125 125 170 170 2873 2875 Metered: 'ZA 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 CERTIFICA TE State of Idaho ) ss County of fl bA , the undersigned 1-1. /(013 E~ '/ l/elt~ and of the ~AP//DL W/?7c/C. .v ~ 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. ~v2~ (Chief Officer) (Officer in Charge of Accounts) Subscribed and Sworn to Before Me My Commission Expires C( / /'6 Axo/O? 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