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Home My WebLink About2012Annual Report.pdfANNUAL REPORT R. (BOB) PRICE CAPITOL WATER CORP 2626 ELDORADO BOISE ID 83704-5997 NAME nn 0 ADDRESS TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDED 2012 COLLS RLINSTLIN Accounting & Consulting Dennis R. Reinstein, cpA/ABv, ASA, CVA S. Jason Coles, MBA, CPA/PFS Keith A. Pinkerton, MBA, CFA, ASA Karen A. Ginnett, CPA, CFE, MST Board of Directors Capitol Water Corporation Boise, Idaho We have compiled the balance sheet of CAPITOL WATER CORPORATION, as of December 31, 2012, 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. PL L C April 29, 2013 Member of American Institute of Certified Public Accountants and Idaho Society of Certified Public Accountants COLES REINSTEIN, P.L.L.C. University Plaza, 960 Broadway Ave., Suite 415, Boise, ID 83706 T 208.345.2350 F 208.344.3019 ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31, 2012 COMPANY INFORMATION 1 Give full name of utility Capitol Water 2 Date of Organization April 7, 1959 3 Organized under the laws of the state of Idaho 4 Address of Principal Office (number & street) 2626 Eldorado 5 P.O. Box (if applicable) 6 City Boise 7 State Idaho 8 Zip Code 83704 9 Organization (proprietor, partnership, corp.) Corporation 10 Towns, Counties served Boise Ada County 11 Are there any affiliated companies? No If yes, attach a list with names, addresses & descriptions. Explain any s provided to the utility. 12 Contact Information Name President (Owner) Vice President Secretary General Manager Complaints or Billing Engineering Emergency Service Accountinci 13 Were any water systems acquired during the year or any additions/deletions made to the service area during the year? No 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 - City Boise State Idaho - Zip 83704 - Rev 3/02 Page 1 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 Coles Reinstein PLLC 345-2350 NAME: Capitol Water Corporation COMPANY INFORMATION (Cont.) For the Year Ended December 31, 2012 15 Is the system operated or maintained under a service contract? No 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? No 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? No If yes, attach full explanation 20 Has the Idaho Division of Environmental Quality recommended any improvements? No If yes, attach full explanation 21 Number of Complaints received during year concerning: Quality of Service 4 High Bills 0 Disconnection 22 Number of Customers involuntarily disconnected 10 23 Date customers last received a copy of the Summary of Rules required by IDAPA 31.21.01.701? 1-Jun-09 Attach a copy of the Summary 24 Did significant additions or retirements from the Plant Accounts occur during the year? No If yes, attach full explanation and an updated system map Rev 3/02 Page 2 NAME: Capitol Water Corporation REVENUE & EXPENSE DETAIL For the Year Ended December 31, 2012 ACCT # DESCRIPTION 400 REVENUES 1 460 Unmetered Water Revenue $ 551,839 2 461.1 Metered Sales - Residential 3 461.2 Metered Sales - Commercial, Industrial 110,451 4 462 Fire Protection Revenue 0 5 464 Other Water Sales Revenue 545 6 465 Irrigation Sales Revenue 7 466 Sales for Resale 8 400 Total Revenue (Add Lines 1 - 7) $ 662,835 (also enter result on Page 4, line 1) 9 * DEQ Fees Billed separately to customers Booked to Acct # 10 ** Hookup or Connection Fees Collected Booked to Acct # 11 ***Commission Approved Surcharges Collected 0 Booked to Acct 4 . 401 OPERATING EXPENSES 12 601.1-6 Labor - Operation & Maintenance 64,721 13 601.7 Labor - Customer Accounts 51,844 14 601.8 Labor - Administrative & General 50,674 15 603 Salaries, Officers & Directors 0 16 604 Employee Pensions & Benefits 47,603 17 610 Purchased Water 18 615-16 Purchased Power & Fuel for Power 80,760 19 618 Chemicals 24,241 20 620.1-6 Materials & Supplies - Operation & Maint. 16,779 21 620.7-8 Materials & Supplies - Administrative & General 19,582 22 631-34 Contract Services - Professional 13,445 23 635 Contract Services - Water Testing 24 636 Contract Services - Other 782 25 641-42 Rentals - Property & Equipment 26 650 Transportation Expense 11,943 27 656-59 Insurance 9,530 28 660 Advertising 29 666 Rate Case Expense (Amortization) 30 667 Regulatory Comm. Exp. (Other except taxes) 31 670 Bad Debt Expense 516 32 675 Miscellaneous 12,717 33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) $ 405,137 460.5 Rev 3/02 Page 3 Name: Capitol Water Corporation INCOME STATEMENT For Year Ended December 31, 2012 ACCT # DESCRIPTION 1 Revenue (From Page 3, line 8) $ 662,835 2 Operating Expenses (From Page 3, line 33) $ 405,137 3 403 Depreciation Expense 83,840 4 406 Amortization, Utility Plant Aquisition Adj. 5 407 Amortization Exp. - Other 6 408.10 Regulatory Fees (PUC) 1,540 7 408.11 Property Taxes 29,599 8 408.12 Payroll Taxes 16,108 9A 408.13 Other Taxes (list) DEQ Fees 9B Vehicles 346 9C 9D 10 409.10 Federal Income Taxes 11,082 11 409.11 State Income Taxes 5,157 12 410.10 Provision for Deferred Income Tax - Federal 13 410.11 Provision for Deferred Income Tax - State 14 411 Provision for Deferred Utility Income Tax Credits 15 412 Investment Tax Credits - Utility 16 Total Expenses from operations before interest (add lines 2-15) 552,809 17 413 Income From Utility Plant Leased to Others 18 414 Gains (Losses) From Disposition of Utility Plant 0 19 Net Operating Income (Add lines 1, 17 &18 less line 16) 110,026 20 415 Revenues, Merchandizing Jobbing and Contract Work 21 416 Expenses, Merchandizing, Jobbing & Contracts 22 419 Interest & Dividend Income 23 420 Allowance for Funds used During Construction 24 421 Miscellaneous Non-Utility Income 25 426 Miscellaneous Non-Utility Expense 26 408.20 Other Taxes, Non-Utility Operations 27 409-20 Income Taxes, Non-Utility Operations 28 Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26, & 27) 29 Gross Income (add lines 19 &28) 110,026 30 427.3 Interest Exp. on Long-Term Debt 14,549 31 427.5 Other Interest Charges 32 NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2) $ 95,477 Rev 3/02 Page 4 'p - $ 1,183,752 $ 8,657 $ 1,192,409 $ 1,790 $ 1,160 $ 2,950 $ 269,856 $ 338 $ 270,194 $ 23,447 $ 231447 $ 1,076 $ 1,076 $ 25,534 $ 1,100 $ 26,634 $ 825,372 $ 26,159 $ 851,531 $ 110,714 $ 2,250 $ 112,964 $ 24,036 $ 56 $ 24,092 $ 162,371 $ 847 $ 163,218 $ 22,038 $ 742 $ 22,780 $ 525 $ 525 $ $ 107 $ 107 $ 3,119,781 $ 44,249 $ - $ 3,164,030 Enter beginning & end of year totals on Pg 7, Line 1 I Name: Capitol Water Corporation I ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended December 31, 2012 I Balance Added SUB Beginning During ACCT # DESCRIPTION of Year Year I I301 Organization $ 3,584 2 302 Franchises and Consents $ 40,969 3 303 Land & Land Rights $ 30,195 4 304 Structures and Improvements $ 134,506 $ 2,940 5 305 Collectina & Imnoundina Reservoirs $ 2.452 Removed Balance During End of Year Year $ 3,584 $ 40,969 $ 30,195 $ 137,446 $ 2,452 $ 257,457 I 6 306 Lake, River & Other Intakes 7 307 Wells 8 308 Infiltration Galleries & Tunnels 9 309 Supply Mains 10 310 Power Generation Equipment I II 311 Power Pumping Equipment 12 320 Purification Systems 13 330 Distribution Reservoirs & Standpipes 14 331 Trans. & Distrib. Mains & Accessories 15 333 Services I 16 334 Meters and Meter Installations 17 335 Hydrants 18 336 Backflow Prevention Devices I 19 339 Other Plant & Misc. Equipment 20 340 Office Furniture and Equipment I 22 21 341 342 Transportation Equipment Stores Equipment 23 343 Tools, Shop and Garage Equipment I 24 344 Laboratory Equipment 25 345 Power Operated Equipment 26 346 Communications Equipment I 27 347 Miscellaneous Equipment 28 348 Other Tangible Property I 29 TOTAL PLANT IN SERVICE (Add lines I - 28) I I I Rev 3102 257 Page 5 Name: Capitol Water Corporation ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL For Year Ended December 31, 2012 SUB ACCT # DESCRIPTION Depreciation Rate % Balance Beginning of Year Balance End of Year Increase or (Decrease) 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 26 304 305 306 307 308 309 310 311 320 330 331 333 334 335 336 339 340 341 342 343 344 345 346 347 348 Structures and Improvements Collecting & Impounding Reservoirs Lake, River & Other Intakes Wells Infiltration Galleries & Tunnels Supply Mains Power Generation Equipment Power Pumping Equipment Purification Systems Distribution Reservoirs & Standpipes Trans. & Distrib. Mains & Accessories Services Meters and Meter Installations Hydrants Backflow Prevention Devices Other Plant & Misc. Equipment Office Furniture and Equipment Transportation Equipment Stores Equipment Tools, Shop and Garage Equipment Laboratory Equipment Power Operated Equipment Communications Equipment Miscellaneous Equipment Other Tangible Property TOTALS (Add Lines 1 -25) $ 101,036 $ 104,649 $ 3,613 $ 2,423 $ 2,426 $ 3 $ - $ 184,007 $ 191,516 $ 7,509 $ $ 954,663 $ 976,835 $ 22,172 $ 164 $ 263 $ 99 $ 139,650 $ 148,058 $ 8,408 $ 20,626 $ 20,805 $ 179 $ 593 $ 636 $ 43 $ 7,853 $ 8,863 $ 1,010 $ 458,405 $ 486,219 $ 27,814 $ 77,047 $ 80,666 $ 3,619 $ - $ - $ - $ 20,616 $ 21,505 $ 889 $ 136,813 $ 148,590 $ 11,777 $ - $ 18,652 $ 19,733 $ 1,081 $ - $ - $ 351 1 $ 456 $ 105 ____________ $ - $ 103 $ 107 $ 4 $ 2,123,002 $ 2,211,327 $ 88,325 Enter beginning & end of year totals on Pg 7, Line 7 Rev 3/02 Page 6 Name: ACCT # Capitol Water Corporation BALANCE SHEET For Year Ended December 31, 2012 ASSETS Balance Beginning DESCRIPTION of Year Balance End of Year Increase or (Decrease) 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 31 101 102 103 105 114 108.1 108.2 108.3 110.1 110.2 115 123 125 131 135 141 142 145 151 162 173 143 181 183 184 186 Utility Plant in Service (From Pg 5, Line 29) Utility Plant Leased to Others Plant Held for Future Use Construction Work in Progress Utility Plant Aquisition Adjustment Subtotal (Add Lines l-5) Accumulated Depreciation (From Pg 6, Line 26) Accum. Depr. - Utility Plant Lease to Others Accum. Depr. - Property Held for Future Use Accum. Amort. - Utility Plant in Service Accum. Amort. - Utility Plant Lease to Others Accumulated Amortization - Aquisition Adj. Net Utility Plant (Line 6 less lines 7- 12) Investment in Subsidiaries Other Investments Total Investments (Add lines 14 & 15) Cash Short Term Investments Accts/Notes Receivable - Customers Other Receivables Receivables from Associated Companies Materials & Supplies Inventory Prepaid Expenses Unbilled (Accrued) Utility Revenue Provision for Uncollectable Accounts Total Current (Add lines 17 -24 less line 25) Unamortized Debt Discount & Expense Preliminary Survey & Investigation Charges Deferred Rate Case Expenses Other Deferred Charges Total Assets (Add lines l3,16&26-30) $ $ $ $ $ $ $ $ $ $ $ $ 3,119,781 3,119,781 2,123,002 996,779 60,763 60,763 39,636 108,208 5,354 831 154,029 1,211,571 3,164,030 $ 44,249 $ - $ - $ - $ - $ 3,164,030 $ 44,249 $ 2,211,327 $ 88,325 $ - $ - $ - $ - $ - $ 952,703 $ (44,076) $ - 60,763 $ - $ 60,763 $ - 44,435 $ 4,799 $ - 98,315 $ (9,893) $ - $ - 5,354 $ - 831 $ - $ - $ - $ 148,935 $ (5,094) $ - $ - $ - $ - $ 1,162,401 $ (49,170) Rev 3/02 Page 7 Balance End of Year 10,1 WN ro 7,342 4.132 21,907 11.535 Increase or 55,415: 55,415; 672 6,443 1,867 16,239 - $ 185,918 $ (14,4 160,882 $ - 130,113) $ (4,4 Name: Caoitol Water Corooration ACCT # BALANCE SHEET For Year Ended December 31, 2012 LIABILITIES & CAPITAL Balance Beginning DESCRIPTION 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 29 201-3 204-6 207-13 214 215 216 218 221-2 223 224 231 232 233 235 236.11 236.12 236.2 237-40 241 251 252 253 255.1 255.2 261-5 271 272 281-3 Common Stock Preferred Stock Miscellaneous Capital Accounts Appropriated Retained Earnings Unappropriated Retained Earnings Reacquired Capital Stock Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6) Bonds Advances from Associated Companies Other Long - Term Debt Accounts Payable Notes Payable Accounts Payable - Associated Companies Customer Deposits (Refundable) Accrued Other Taxes Payable Accrued Income Taxes Payable Accrued Taxes - Non-Utility Accrued Debt, Interest & Dividends Payable Misc. Current & Accrued Liabilities Unamortized Debt Premium Advances for Construction Other Deferred Liabilities Accumulated Investment Tax Credits - Utility Accum. Investment Tax Credits - Non-Utility Operating Reserves Contributions in Aid of Construction Accum. Amort. of Contrib. in Aid of Const. ** Accumulated Deferred Income Taxes $ $ $ $ $ $ $ $ $ $ $ $ 10,000 29,200 912,013 951,213 5,000 6,670 (2,311) 20,040 (4,704) 200,407 160,882 (125,626) - - - $ - - - - - - - 30 Total Liabilities (Add lines 9 - 29 $ 260,358 1 $ 266,603 $ 31 TOTAL LIAB & CAPITAL (Add lines 8 & 30) $ 1,211,5711 $ 1,162,401 $ 1 ** Only if Commission Approved Rev 3/02 Page 8 I I Name: Capitol Water Corporation STATEMENT OF RETAINED EARNINGS I For Year Ended December 31, 2012 I Retained Earnings Balance @ Beginning of Year I 2 Amount Added from Current Year Income (From Pg 4, Line 32) 3 Other Credits to Account 4 Dividends Paid or Appropriated 5 Other Distributions of Retained Earnings 6 Retained Earnings Balance @ End of Year I CAPITAL STOCK DETAIL I No. Shares 7 Description (Class, Par Value etc.) Authorized Common Stock 250 I DETAIL OF LONG-TERM DEBT Interest 8 Descriotion Rate Year-end RIrir $ 912,013 95,477 (144,584) (6,308) $ 856,598 No. Shares Dividends Dutstanding Paid iool 144.584.00 Interest Interest Paid Accrued Advances for Construction N/A None Debentures 10% 5,000.00 500.00 Note- R. Price 9% 0.00 - Note- Bayhill 7.87% 4,131.66 11,748.00 Note- B of A 7.25% 0.00 2,300.00 I I I I Rev 3/02 Page 9 Name: Capitol Water Corporation SYSTEM ENGINEERING DATA For Year Ended December 31. 2012 1 Provide an updated system map if significant changes have been made to the system during the year. 2 Water Supply: Type of Water Treatment: Supply Rated (None, Chlorine Annual Source Capacity Fluoride Production (Well, Spring, Piimr Nmczinnnfinn r,r Irfir,n (rinm\ FiIfr Atn (000'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 3 System Storage: Total Usable Type of Capacity Capacity Reservoir Construction 000's 000's (Elevated,Pres- (Wood, Steel Storage Designation or Location Gal. Gal. urized, Boosted) Concrete) Well #1 1500 Pressurized Steel Well #2 I 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: Caoitol Water Corooration SYSTEM ENGINEERING DATA (continued) For Year Ended December 31, 2012 4 Pump information for ALL system pumps, including wells and boosters. Rated Discharge Energy Designation or Location Horse Capacity Pressure Used R. rf Pi umr** Pnwr frmnm\ (osfl This Year Well #1 30 350 70 Well #2- inoperative 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 Taciities aaaea tnis 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? 695,768,000 What was the total amount pumped during peak month? 126,631,000 What was the total amount pumped on the peak day? 5,370 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? Yes If Yes: What is current system rating? Included 8 How many times were meters read this year? Daily During which months? 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 costs! 11 In what year do you anticipate that the system capacity (supply, storage or distribution) will have to be expanded? Unknown Unknown No Unknown Rev 3/02 Page 11 2 Metered: 2A Residential 26 Commercial 2C Industrial 3 Flat Rate: 3A Residential 3B Commercial 3C Industrial 4 Private Fire Protection 5 Public Fire Protection 6 Street Sprinkling 7 Municipal, Other 8 Other Water Utilities TOTALS (Add lines 2 through 8) Name: Caoitol Water Corooration SYSTEM ENGINEERING DATA (continued) For Year Ended December 31, 2012 FEET OF MAINS In Use Installed Pipe Beginning During Size Of Year Year Abandoned In Use During End of Year Year 10" 600 600 2" 7,966 7,966 4" 23,740 23,740 6" 76,874 76,874 8" 42,765 42,765 12" 2,380 2,380 3/4" 59,193 59,193 1" 4,918 42918 11/2" 290 290 CUSTOMER STATISTICS NumDer 01 uustcmers inousanas 01 tai ions oom Last Year This Year Last Year This Year 261 266 2304 2298 24 24 128 127 175 170 2892 2885 0 0 Rev 3/02 Page 12 CERTIFICATE State of Idaho ) ss County of WE, the undersigned and of the LLD al pj (?oJ-tcr.._ 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. AL ~ XL (Chief Officer) (Officer in Charge of Accounts) Subscribed and Sworn to Before Me this 5f NOTARY PUBLIC My Commission Expires ijL Z-ü t 9 ' gdklexcel/jnelsori/anulrpts/wtrannualrpt Rev 3/02 Page 13