2009Annual Report.pdf

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CAP- uJ ~~l,). (/4Pl:J
ANNUAL REPORIJt;~P:2.'SJ
'./.,i.'.....;'¡: ,
'(,'\~''''i .
OF
CAPITOL WATER, INC.
NAME
2626 ELDORAO BOISE, ID 83704
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED DECEMBER 31, 2009
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f:~E E (CPA)"JACKSON COLES, PLLC
Certified Public Accountants
20in App 91 P"" 2. i:-l,J l1l ,,\ f".. ~-r-i ,: f..J0 University Plaza, Suite 415
960 Broaway 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,
2009, and the related statements of income and retained earings for the year then ended in the
accompanying prescribed form of the Idaho Public Utilties Commission, in accordance with
Statements on Stadards for Accounting and Review Services issued by the American Institute of
Certified Public Accountants. We have also compiled the supplementa 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 Utilties
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 Utilties Commission, which differ from generally accepted
accounting principles. Accordingly, these financial statements are not designed for those who are not
informed about uch differences.
æ¿:U-""r-"
Phone [phone]- Fax [phone].Emaüjacksonclepa.com
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ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31,2009
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 Offce (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 affliated companies? No
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
12 Contact I nformation Name
President (Owner)
Vice President
Secretary
General Manager
Complaints or Biling
Engineering
Emergency Service
Accounting
13 Were any water systems acquired during the year or any additions/deletions madeto the service area during the year? No
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
14 Where are the Company's books and records kept?
Street Address 2626 EldoradoCity BoiseState IdahoZip 83704
Phone No
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
Page 1Rev 3/02
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NAME: Capitol Water Corporation
COMPANY INFORMATION (Cont.)
For the Year Ended December 31,2009
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?
No
17 Is water purchased for resale through the system?
18 If yes: Name of Organization
Name of owner or operator
Mailng Address
City
State
Zip
No
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 Bils
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
No
No
4
o
12
1-Jun-09
No
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NAME: Capitol Water Corporation
ACCT#
1
2
3
4
5
6
7
8
460
461.1
461.2
462
464'
465
466
400
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)
9 * DEQ Fees Biled separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
12 601.1-6 Labor - Operation & Maintenance 58,044
13 601.7 Labor - Customer Accounts 45,295
14 601.8 Labor - Administrative & General 42,289
15 603 Salaries, Officers & Directors 72,100
16 604 Employee Pensions & Benefits 43,679
17 610 Purchased Water
18 615-16 Purchased Power & Fuel for Power 80,17719 618 Chemicals 19,681
20 620.1-6 Materials & Supplies - Operation & Maint. 10,052
21 620.7-8 Materials & Supplies - Administrative & General 20,161
22 631-34 Contract Services - Professional 14,835
23 635 Contract Services - Water Testing24 636 Contract Services - Other 812
25 641-42 Rentals - Propert & Equipment26 650 Transportation Expense 6,14927 656-59 Insurance 12,555
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm. Exp. (Other except taxes)31 670 Bad Debt Expense 2,32432 675 Miscellaneous 14,460
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 31,2009
DESCRIPTION
400 REVENUES
$550,284
118,580
o
42,019
$ 710,883
Booked to Acct #
Booked to Acct #
o Booked to Acct#l 460.5
442,613
Page 3
I Name:Capitol Water Corporation
I INCOME STATEMENT
For Year Ended December 31, 2009
ACCT#DESCRIPTION
I 1 Revenue (From Page 3, line 8)$710,883
2 Operating Expenses (From Page 3, line 33)$442,613
I 3 403 Depreciation Expense 80.219
4 406 Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. - Other
I 6 408.10 Regulatory Fees (PUC)1,063
7 408.11 Property Taxes 24,533
I 8 408.12 Payroll Taxes 17,578
9A 408.13 Other Taxes (list)DEQ Fees
9B Vehicles 589
I 9C
9D
I
10 409.10 Federal Income Taxes 5,084
11 409.11 State Income Taxes 1,348
12 410.10 Provision for Deferred Income Tax - Federal
I 13 410.11 Provision for Deferred Income Tax - State
14 411 Provision for Deferred Utilty Income Tax Credits
15 412 Investment Tax Credits - Utility
I 16 Total Expenses from operations before interest (add lines 2-15)573,027
17 413 Income From Utility Plant Leased to Others
I 18 414 Gains (Losses) From Disposition of Utility Plant 0
19 Net Operating Income (Add lines 1,17 &18 less line 16)137,856
20 415 Revenues, Merchandizing Jobbing and Contract Work
I 21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 Interest & Dividend Income
I 23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income
25 426 Miscellaneous Non-Utility Expense
I 26 408.20 Other Taxes, Non-Utility Operations
27 409-20 Income Taxes, Non-Utility Operations
I 28 Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26, & 27)
29 Gross Income (add lines 19 & 28)137,856
30 427.3 Interest Exp. on Long-Term Debt 6,623
I 31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 & 31)(Also Enter on Pg 9. Line 2)$131,233
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Rev 3/02 Page 4
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Name: Capitol Water Corporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31, 2009
SUB
ACCT#
Balance
Beginning
of YearDESCRIPTION
Added
During
Year
Removed
During
Year
Balance
End of
Year
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
301 Organization $3,584 $3,584
302 Franchises and Consents $40,969 $40,969
303 Land & Land Rights $30,195 $30,195
304 Structures and Improvements $129,120 $1,697 $130,817
305 Collecting & Impounding Reservoirs $2,452 $2,452
306 Lake, River & Other Intakes $-
307 Wells $247,168 $10,289 $257,457
308 Infiltration Galleries & Tunnels $-
309 Supply Mains $1,123,116 $9,409 $1,132,525
310 Power Generation Equipment $425 $425
311 Power Pumping Equipment $210,161 $4,396 $214,557
320 Purifièation Systems $22,184 $22,184
330 Distribution Reservoirs & Standpipes $1,076 .$t 076
331 Trans. & Distrib. Mains & Accessories $24,390 $24,390
333 Services $773,353 $24,008 $797,361
334 Meters and Meter Installations $109,563 $109,563
335 Hydrants $-
336 Backflow Prevention Devices $-
339 Other Plant & Misc. Equipment $-
340 Offce Furniture and Equipment $19,144 $3,184 $22,328
341 Transportation Equipment $119,761 $41,433 $161,194
342 Stores Equipment $- .
343 Tools, Shop and Garage Equipment $19,599 $330 $19,929
344 Laboratory Equipment $-
345 Power Operated Equipment $-
346 Communications Equipment $482 $482
347 Miscellaneous Equipment $-
348 Other Tangible Property $107 $107
29 TOTAL PLANT IN SERVICE $
(Add lines 1 - 28)
2,876,849j $ 94,746 $ $ 2,971,595
Enter beginning & end of year totals on Pg 7, Line 1
Rev 3/02 Page 5
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Name: Capitol Water Corporation
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended December 31, 2009
Balance
End of
Increase
orSUB
Depreciation
Rate
Balance
Beginning
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
ACCT#DESCRIPTION %of Year Year (Decrease)
304 Structures and Improvements $90,623 $94,006 $3,383
305 Collecting & Impounding Reservoirs $2,414 $2,417 $3
306 Lake, River & Other Intakes $-
307 Wells $161,635 $168,984 $7,349
308 Infiltration Galleries & Tunnels $-
309 Supply Mains $887,704 $909,969 $22,265
310 Power Generation Equipment $27 $44 $17
311 Power Pumping Equipment $118,260 $124,398 $6,138
320 Purification Systems $20,159 $20,288 $129
330 Distribution Reservoirs & Standpipes $464 $507 $43
331 Trans. & Distrib. Mains & Accessories $4,965 $5,903 $938
333 Services $377,340 $403,828 $26,488
334 Meters and Meter Installations $65,908 $69,641 $3,733
335 Hydrants $-
336 Backflow Prevention Devices $-
339 Other Plant & Misc. Equipment $-
340 Offce Furniture and Equipment $18,281 $18,771 $490
341 Transportation Equipment $105,503 $113,514 $8,011
342 Stores Equipment $-
343 Tools, Shop and Garage Equipment $15,252 $16,382 $1,130
344 Laboratory Equipment $-
345 Power Operated Equipment $-
346 Communications Equipment $48 $145 $97
347 Miscellaneous Equipment $-
348 Other Tangible Propert $90 $95 $5
TOTALS (Add Lines 1 - 25)$1,868,673 $1,948,892 $80,219
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
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Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31, 2009
ASSETS Balance
Beginning
Balance
End of
Increase
or
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
ACCT#DESCRIPTION of Year Year (Decrease)
101 Utility Plant in Service (From Pg 5, Line 29)$2,876,849 2,971,595 $94,746
102 Utilty 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)$2,876,849 $2,971,595 $94,746
108.1 Accumulated Depreciation (From Pg 6, Line 26)$1,868,673 $1,948,892 $80,219
108.2 Accum. Depr. - Utilty Plant Lease to Others $-
108.3 Accum. Depr. - Property Held for Future Use $-
110.1 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)$1,008,176 $1,022,703 $14,527
123 Investment in Subsidiaries $-
125 Other Investments $60,763 60,763 $-
Total Investments (Add lines 14 & 15)$60,763 $60,763 $-
131 Cash $(14,458)58,650 $73,108
135 Short Term Investments $-
141 Accts/Notes Receivable - Customers $93,029 98,403 $5,374
142 Other Receivables $-
145 Receivables from Associated Companies $-
151 Materials & Supplies Inventory $6,717 6,717 $-
162 Prepaid Expenses $831 906 $75
173 Unbiled (Accrued) Utility Revenue $-
143 Provision for Uncollectable Accounts $-
Total Current (Add lines 17 -24 less line 25)$86,119 $164,676 $78,557
181 Unamortized Debt Discount & Expense $-
183 Preliminary Survey & Investigation Charges $-
184 Deferred Rate Case Expenses $-
186 Other Deferred Charges $-
$ 1,155,058 $1,248,142 $93,084Total Assets (Add lines 13, 16 & 26 - 30)
Rev 3/02 Page 7
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Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31, 2009
LIABILITIES & CAPITAL Balance
Beginning
Balance
End of
Increase
or
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
ACCT#DESCRIPTION of Year Year (Decrease)
201-3 Common Stock $10,000 10,000 $-
204-6 Preferred Stock $-
207-13 Miscellaneous Capital Accounts $29,200 29,200 $-
214 Appropriated Retained Earnings $-
215 Unappropriated Retained Earnings $706,655 812,300 $105,645
216 Reacquired Capital Stock $-
218 Proprietary Capital $-
Total Equity Capital (Add Lines 1-5+7 less line 6)$745,855 $851,500 $105,645
221-2 Bonds $5,000 5,000 $-
223 Advances from Associated Companies $-
224 Other Long - Term Debt $-
231 Accounts Payable $3,968 7,491 $3,523
232 Notes Payable $60,101 79,874 $19,773
233 Accounts Payable - Associated Companies $-
235 Customer Deposits (Refundable)$-
236.11 Accrued Other Taxes Payable $38,178 20,311 $(17,867)
236.12 Accrued Income Taxes Payable $(3,728)(8,731)$(5,003)
236.2 Accrued Taxes - Non-Utility $-
237-40 Accrued Debt, Interest & Dividends Payable $-
241 Misc. Current & Accrued Liabilities $-
251 Unamortized Debt Premium $-
252 Advances for Construction $247,996 235,009 $(12,987)
253 Other Deferred Liabilities $-
255.1 Accumulated Investment Tax Credits - Utility $-
255.2 Accum. Investment Tax Credits - Non-Utility $-
261-5 Operating Reserves $-
271 Contributions in Aid of Construction $160,882 160,882 $-
272 Accum. Amort. of Contrib. in Aid of Const. **$(103,194)(103,194)$-
281-3 Accumulated Deferred Income Taxes $-
Total Liabilities (Add lines 9 - 29 $409,203 $396,642 $(12,561 )
TOTAL L1AB & CAPITAL ( Add lines 8 & 30)$1,155,058 $1,248,142 $93,084
** Only if Commission Approved
Rev 3/02 Page 8
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Name: Capitol Water Corporation
STATEMENT OF RETAINED EARNINGS
For Year Ended December 31, 2009
1
2
3
4
5
6
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
$706,655
131,233
(20,000)
(5,588)
$812,300
CAPITAL STOCK DETAIL
No. Shares No. Shares Dividends
7 Description (Class, Par Value etc.)
Common Stock
Authorized Outstandina Paid
250 100 20,000.00
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
8 Descriotion Rate Balance Paid Accrued
Advances for Construction N/A None
Debentures 10%5,000.00 500.00
Note- R. Price 9%51,231.51 -
Note- Bavhil 7.87%5,142.61 2,951.00
Note- B of A 7.25%0.00 3,172.00
Rev 3/02 Page 9
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Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
For Year Ended December 31, 2009
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Type of
Treatment:
(None, Chlorine Annual
Fluoride Production
Water
Supply
Source
(Well, Spring,
Water Supply:
Rated
Capacity
Pump Desianation or location (gpm)Filter etc.)moo'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 - redriled in 2002 1500 None Well
Well #6 1500 ASR Well
Well #7 1500 Phosphate Well
3 System Storage:
Total
Capacity
OOO's
Usable
Capacity
OOO's
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 facilties added this year.)
Rev 3/02-Page 10
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Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31,2009
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Rated
Capacity
Discharge
Pressure
Energy
Used
& Tvoe of Pumo**Power (com)(osi)This Year
Well #1 30 350 70
Well #2- inooerative 25
Well #3 100 350 70
Well #4 200 2000 60
Well #5 150 1500 75
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?
693,138,000
122,041,000
4,954,000
6 If customers are metered, what was the total amount sold in peak month?N/A
7 Was your system designed to supply fire flows?
If Yes: What is current system rating?
Yes
Included
8 How many times were meters read this year?
During which months?
Daily
Jan to Dec
9 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!
No
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
wil have to be expanded?Unknown
Rev 3/02 Page 11
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Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31,2009
FEET OF MAINS
Pipe
Size
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
10"600 600
2"7,966 7,966
4"23,740 23,740
6"76,734 140 76,874
8"42,765 42,765
12"2,380 2,380
3/4"59,193 59,193
1"4,816 100 4,916
11/2"290 290
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
2 Metered:
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential
3B Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
This Last This Last
Year Year Year Year
266 260
2298 2299
24 24
127 125
170 170
2885 2878 0 0
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
TOTALS (Add lines 2 through 8)
Rev 3/02 Page 12
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CERTIFICATE
State of Idaho
County of . f\~ ti
)
) ss
)
WE, the undersigned ¿£ ß~êÆr l1ia
and C/I IEF () F"c I Cê7
of the Q 't ()', l 0 \ \A) jQ: C me (\0 r ~ b C'
utilty, 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 utilty; that we have carefully examined same, and
declare the same to be a correct statement of the business and affairs of said utilty 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.dtf4
(Chief Officer)
(Offcer in Charge of Accounts)
Subscribed and Sworn to Before Me
day OL.À~('; \
, . o~ (l -~
NOTARY PUBLIC
My Commission Expires _~~\31~
gdklexcel/jnelson/anulrptslrannualrpt
Rev 3/02 Page 13