2010Annual Report.pdf

CAp-- uJ
ANNUALREPORF
OF
NAME
~. ~~ ~~ %.. .(~'G'?..~R. (BOB) PRICE
CAPITOL WATER CORP
2626 ELDORADO
BOISE ID 83704-5997
TO THE
'IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED 2010
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
(cpA)"JACKSON COLES, PLLC
Certifi 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,
2010, and the related statements of income and retained earnings for the year then ended in the
accompanying prescribed form of the Idaho Public Utilties 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 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 ab t such differences.
gj2L¿L
Phone [phone]. Fax [phone]oEmaUjaksncpa.com
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31,2010
COMPANY INFORMATION
Capitol Water Corporation
April 7. 1959
Idaho
2626 Eldorado
1 Give full name of utilty
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? 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 narnes, addresses & descriptions. Explain any services
provided to the utilty.
14 Where are the Company's books and records kept?
Street Address 2626 Eldorado
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
Boise
Idaho
83704
City
State
Zip
page 1Rev 3/02
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
NAME: Capitol Water Corporation
COMPANY INFORMATION (Cont.)
For the Year Ended December 31,2010
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
Mailing 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 rnap
Rev 3/02 Page 2
Gallons/CCF $Amount
No
No
3
o
13
1-Jul-10
No
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
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 61,389
13 601.7 Labor - Customer Accounts 49,177
14 601.8 Labor - Administrative & General 48,000
15 603 Salaries, Officers & Directors 74,263
16 604 Employee Pensions & Benefits 49,774
17 610 Purchased Water
18 615-16 Purchased Power & Fuel for Power 67,62919 618 Chemicals 9,774
20 620.1-6 Materials & Supplies - Operation & Maint. 17,587
21 620.7-8 Materials & Supplies - Administrative & General 20,220
22 631-34 Contract Services - Professional 13,100
23 635 Contract Services - Water Testing24 636 Contract Services - Other 1,145
25 641-42 Rentals - Property & Equipment26 650 Transportation Expense 9,51127 656-59 Insurance 12,607
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm. Exp. (Other except taxes)31 670 Bad Debt Expense 835
32 675 Miscellaneous 11,438
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 31,2010
DESCRIPTION
400 REVENUES
$550,708
111,972
o
626
$ 663,306
Booked to Acct #
Booked to Acct #
o Booked to Acct tl 460.5
446,449
Page 3
I Name:Capitol Water Corporation
I INCOME STATEMENT
For Year Ended December 31,2010
ACCT#DESCRIPTION
I 1 Revenue (From Page 3, line 8)$663,306
2 Operating Expenses (From Page 3, line 33)$446,449
I 3 403 Depreciation Expense 86,188
4 406 Amortization, Utiity Plant Aquisition Adj.
5 407 Amortization Exp. - Other
I 6 408.10 Regulatory Fees (PUC)1,365
7 408.11 Property Taxes 29,449
I 8 408.12 Payroll Taxes 19,807
9A 408.13 Other Taxes (list)DEQ Fees
9B Vehicles 314
I 9C
9D
I
10 409.10 Federal Income Taxes 0
11 409.11 State Income Taxes 30
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)583,602
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)79,704
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-Utilty 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)79,704
30 427.3 Interest Exp. on Long-Term Debt 6,568
I 31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 & 31)(Also Enter on Pg 9, Line 2)$73,136
I
I
I
Rev 3/02 Page 4
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Name: Capitol Water Corporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31,2010
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 $130,817 $3,014 $133,831
305 Collecting & Impounding Reservoirs $2,452 $2,452
306 Lake, River & Other Intakes $-
307 Wells $257,457 $257,457
308 Infiltration Galleries & Tunnels $-
309 Supply Mains $1,132,525 $14,311 $1,146,836
310 Power Generation Equipment $425 $1,365 $1,790
311 Power Pumping Equipment $214,557 $39,324 $253,881
320 Purification Systems $22,184 $1,263 $23,447
330 Distribution Reservoirs & Standpipes $1,076 $1,076
331 Trans. & Distrib. Mains & Accessories $24,390 $1,144 $25,534
333 Services $797,361 $15,350 $812,711
334 Meters and Meter Installations $109,563 $576 $110,139
335 Hydrants $-
336 Backflow Prevention Devices $-
339 Other Plant & Misc. Equipment $-
340 Office Furniture and Equipment $22,328 $1,496 $23824
341 Transportation Equipment $161,194 $1,177 $162,371
342 Stores Equipment $-
343 Tools, Shop and Garage Equipment $19,929 $1,318 $21,247
344 Laboratory Equipment $-
345 Power Operated Equipment $-
346 Communications Equipment $482 $43 $525
347 Miscellaneous Equipment $-
348 Other Tangible Property $107 $10.7
29 TOTAL PLANT IN SERVICE $
(Add lines 1 - 28)
2,971,595 I $ 80,381 $ $ 3,051,976
Enter beginning & end of year totals on Pg 7, Line 1
Rev 3/02 Page 5
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Name: Capitol Water Corporation
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended December 31,2010
SUB
Depreciation
Rate
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
ACCT#DESCRIPTION %of Year Year (Decrease)
304 Structures and Improvements $94,006 $97,488 $3,482
305 Collecting & Impounding Reservoirs $2,417 $2,420 $3
306 Lake, River & Other Intakes $-
307 Wells $168,984 $176,496 $7,512
308 Infiltration Galleries & Tunnels $-
309 Supply Mains $909,969 $932,167 $22,198
310 Power Generation Equipment $44 $93 $49
311 Power Pumping Equipment $124,398 $131,528 $7,130
320 Purification Systems $20,288 $20,446 $158
330 Distribution Reservoirs & Standpipes $507 $550 $43
331 Trans. & Distrib. Mains & Accessories $5,903 $6,869 $966
333 Services $403,828 $431,075 $27,247
334 Meters and Meter Installations $69,641 $73,387 $3,746
335 Hydrants $-
336 Backflow Prevention Devices $-
339 Other Plant & Misc. Equipment $-
340 Office Furniture and Equipment $18,771 $19,609 $838
341 Transportation Equipment $113,514 $125,114 $11,600
342 Stores Equipment $-
343 Tools, Shop and Garage Equipment $16,382 $17,493 $1,111
344 Laboratory Equipment $-
345 Power Operated Equipment $-
346 Communications Equipment $145 $246 $101
347 Miscellaneous Equipment $-
348 Other Tangible Propert $95 $99 $4
TOTALS (Add Lines 1 - 25)$1,948,892 $2,035,080 $86,188
Enter beginning & end of year totals on Pg 7. Line 7
Rev 3/02 Page 6
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31,2010
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 Utilty Plant in Service (From Pg 5, Line 29)$2,971,595 $3,051,976 $80,381
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)$2,971,595 $3,051,976 $80,381
108.1 Accumulated Depreciation (From Pg 6, Line 26)$1,948,892 $2,035,080 $86,188
108.2 Accum. Depr. - Utilty Plant Lease to Others $-
108.3 Accum. Depr. - Propert 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 Utilty Plant (Line 6 less lines 7 - 12)$1,022,703 $1,016,896 $(5,807)
123 Investment in Subsidiaries $-
125 Other Investments $60,763 $60,763 $-
Total Investments (Add lines 14 & 15)$60.763 $60,763 $-
131 Cash $58,650 $42,640 $(16,010)
135 Short Term Investments $-
141 Accts/Notes Receivable - Customers $98,403 $108,544 $10,141
142 Other Receivables $-
145 Receivables from Associated Companies $-
151 Materials & Supplies Inventory $6,717 $6,717 $-
162 Prepaid Expenses $906 $831 $(75)
173 Unbiled (Accrued) Utility Revenue $-
143 Provision for Uncollectable Accounts $-
Total Current (Add lines 17 -24 less line 25)$164,676 $158,732 $(5,944)
181 Unamortized Debt Discount & Expense $-
183 Preliminary Survey & Investigation Charges $-
184 Deferred Rate Case Expenses $-
186 Other Deferred Charges $-
1,236,391 $(11,751)$ 1,248,142 $Total Assets (Add lines 13, 16 & 26.30)
Rev 3/02 Page 7
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31,2010
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 '$812,300 $858,868 $46,568
216 Reacquired Capital Stock ,$-
218 Proprietary Capital .$-
Total Equity Capital (Add Lines 1-5+7 less line 6)$851,500 $898,068 $46,568
221-2 Bonds $5,000 $5,000 $-
223 Advances from Associated Companies $-
224 Other Long - Term Debt $-
231 Accounts Payable $7,491 $6,182 $(1,309)
232 Notes Payable '$79,874 $33,647 $(46,227)
233 Accounts Payable - Associated Companies .$-
235 Customer Deposits (Refundable)$-
236.11 Accrued Other Taxes Payable $20,311 $22,109 $1,798
236.12 Accrued Income Taxes Payable $(8,731)$(8,701)$30
236.2 Accrued Taxes - Non-Utilty i $-
237-40 Accrued Debt, Interest & Dividends Payable !$-
241 Misc. Current & Accrued Liabilties ,$-
251 Unamortized Debt Premium !$-
252 Advances for Construction .$235,009 $222,398 $(12,611)
253 Other Deferred Liabilities .$,-
255.1 Accumulated Investment Tax Credits - Utilty $-
255.2 Accum. Investment Tax Credits - Non-Utility $-
261-5 Operating Reserves i $-
271 Contributions in Aid of Construction i $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 $396,642 $338,323 $(58,319)
TOTAL L1AB & CAPITAL ( Add lines 8 & 30)$1,248,142 $1,236,391 $(11,751)
** Only if Commission Approved
Rev 3/02 Page 8
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Name: Capitol Water Corporation
For Year Ended
STATEMENT OF RETAINED EARNINGS
December 31,2010
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
$812,300
73,136
(20,000)
(6,568)
$858,868
CAPITAL STOCK DETAIL
No. Shares
7 Description (Class, Par Value etc.)
Common Stock
No. Shares Dividends
PAuthorizedOutstandinr;aid
250 100 20,000.00
DETAIL OF LONG-TERM DEBT
escriotion Rate aance ai ccrue
Advances for Construction N/A -
Debentures 10%5,000.00 500.00
Note- R. Price 9%21,231.51 -
Note- Bavhil 7.87%1,415.61 2,495.00
Note- B of A 7.25%11,000.00 3,573.00
Interest
8 D
Rev 3/02 Page 9
Year-end
B i
Interest
P 'd
Interest
A d
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
For Year Ended December 31,2010
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:Type of
Treatment:
(None, Chlorine
Fluoride
Water
Supply
Source
(Well, Spring,
Rated
Capacity
Annual
Production
Pumo Desionation or location (oom)Filter etc.)WOO's Gal.Surface Wtr)
Well #1 350 Phosohate Well
Well #2 - inooerative 450 None Well
Well #3 350 Phosohate 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:
Type of
Reservoir
(Elevated, Pres-
Construction
(Wood, Steel
Total
Capacity
OOO's
Usable
Capacity
OOO's
Storaae Desianation or Location Gal.Gal.urized, Boosted)Concrete)
Well #1 1500 Pressurized Steel
Well #2
Well #3
Well #4
Well #5
Well #6
Well #7
(Duplicate form and attach if necessary. Asterisk facilties added this yeàr.)
Rev 3/02 Page 10
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31,2010
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Rated
Capacity
Discharge
Pressure
Energy
Used
& Tvoe of Pump**Power (oom)(osi)This Year
Well #1 30 350 70
Well #2- inoi:erative 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?
6 If customers are metered, what was the total amount sold in peak month?
7 Was your system designed to supply fire flows?
If Yes: What is current system rating?
8 How many times were meters read this year?
During which months?
663,614,000
119,566,000
5,747,411
N/A
Yes
Included
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?
10 Are backbone plant additions anticipated during the coming year?
If Yes, attach an explanation of projects and anticipated costsl
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
wil have to be expanded?
Rev 3/02 Page 11
Unknown
Unknown
No
Unknown
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31,2010
FEET OF MAINS
1 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 76,734
8"42,765 42,765
12"2,380 2,380
3/4"59,193 59,193
1"4,816 4,816
11/2"290 290
I
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
2
2A
2B
2C
This Last This Last
Year Year Year Year
266 266
2297 2298
24 24
127 127
.
173 170
2887 2885 0 0
Metered:
Residential
Commercial
Industrial
3
3A
3B
3C
Flat Rate:
Residential
Commercial
Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilties
TOTALS (Add lines 2 through 8)
Rev 3/02 Page 12
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
CERTIFICATE
State of Idaho . )~~ ) ssCounty of_tL)
WE, the undersigned
and
of the
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 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.U/~
(Chief Offcer)
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
this~daYOf~.dQ\
(l.L ~ . '¿~C)
NOTARY PUBLIC .
My Commission EXPires#=:\ 3,doiJ_
gdklexceVjnelson/anulrptslânnualrpt
Rev 3/02 Page 13