2013Annual Report.pdf

CAP_\il'
AIY]Y(IAL REPORT
OF
NAME
R. (BOB) PRrCE
CAPITOL WATER CORP
2626 ELDORADO
BOISE rD 83704-599',1
TO THE
IDAHO PUBLI'C
UTILIT!ES GOMMI$SION
FOR THE
2A13
. r.ji
iJ
YEAR ENDED
I
I COLES
RENSTEN
Accounting & ConsultingI
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Dennis R. Reinstein, CPAIABV 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,
2013, and the related statements of income and retained eamings 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 lnstitute of
Certilted 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 ldaho 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.
(?.p^ry,Cw"^, R.u c-
April25,2014
Member of American lnstitute of Certified Public Accountants and ldaho Society of Certified Public Accountants
COLES REINSTE!N, P.L.L.C.
University Plaza, 960 Broadway Ave., Suite 415, Boise, lD 83706 T 208.345.2350 F 208.344.3C-19
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ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31, 2013
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
COMPANY INFORMATION
Capitol Water Corporation
Ada Countv
11 Are there any affiliated companies?
lf yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
12 Contact lnformation
President (Owner)
Vice President
Secretary
GeneralManager
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? 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?
AorilT. 1959
2626 Eldorado
83704
Corporation
Phone No.
Street Address
City
State
zip
2626 Eldorado
ldaho
Coles Reinstein PLLC
Rev 3/02 Page 1
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NAME: Capitol Water Corporation
COMPANY INFORMATION (Cont.)
For the Year Ended
15 ls the system operated or maintained under a
service contract?
16 lf yes: With whom is the contract?
When does the contract expire?
What services and rates are included?
17 ls water purchased for resale through the system?
18 lf 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
ldaho Division of Environmental Quality?
lf yes, attach full explanation
20 Has the ldaho Division of Environmental Quality
recommended any improvements?
lf 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 31.2'1.01.701?
Attach a copy of the Summary
24 Oid significant additions or retirements from the
Plant Accounts occur during the year?
lf yes, attach full explanation
and an updated system map
December 31 201 3
Gallons/CCF $Amount
No
15
1-Aug-13
No
Rev 3/02 Page 2
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NAME: Capitol Water Corporation
REVENUE & EXPENSE DETAIL
ACCT #
For the Year Ended
DESCRIPTION
December 31.2013
511
158
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1
2
3
4
5
6
7
8
9 * DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
601.1-6 Labor - Operation & Maintenance
601.7 Labor - Customer Accounts
601.8 Labor - Administrative & General
603 Salaries, Officers & Directors
604 Employee Pensions & Benefits
610 Purchased Water
615-16 Purchased Power & Fuelfor Power
618 Chemicals
620.1-6 Materials & Supplies - Operation & Maint.
620.7-8 Materials & Supplies - Administrative & General
631-34 Contract Services - Professional
635 Contract Services - Water Testing
636 Contract Services - Other
641-42 Rentals - Property & Equipment
650 Transportation Expense
656-59 lnsurance
660 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)
670 Bad Debt Expense
675 Miscellaneous
460
461.',|
461.2
462
464
465
466
400
4OO REVENUES
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, lndustrial
Fire Protection Revenue
Other Water Sales Revenue
lrrigation Sales Revenue
Sales for Resale
Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
$ 564,632
124,259
0
67,291
53,900
52,704
54,430
99,1 81
20.830
21,021
20.169
14,902
12.442
9,1 75
15,075
$ 689,402
Booked to Acct #
Booked to Acct #
0 Booked to Acct #460.5
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Page 3
443,164
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Name: CapitolWaterCorporation
ACCT #
For Year Ended
DESGRIPTION
INCOME STATEMENT
December 31, 2013
017101
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1
2
3
4
5
6
7
8
9A
9B
9C
9D
10
11
12
13
14
15
16
17
't8
't9
20
21
22
23
24
25
26
27
28
29
30
31
32
403
406
407
408.10
408.11
408.12
408.13
413
414
415
416
419
420
421
426
408.20
409-20
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
PayrollTaxes
Other Taxes (list)
Vehicles
DEQ Fees
443,164
83.227
1,493
29,722
9,906
$ 689,402
588,385
409.10 Federal lncome Taxes
409.11 State lncome Taxes
410.10 Provision for Deferred lncome Tax - Federal
410.11 Provision for Deferred lncome Tax - State
411 Provision for Deferred Utility lncome Tax Credits
412 lnvestment Tax Credits - Utility
13,397
5,891
Total Expenses from operations before interest (add lines 2-15)
lncome From Utility Plant Leased to Others
Gains (Losses) From Disposition of Utility Plant
Net Operating lncome (Add lines 1,17 &18less line 16)
Revenues, Merchandizing Jobbing and Contract Work
Expenses, Merchandizing, Jobbing & Contracts
lnterest & Dividend lncome
Allowance for Funds used During Construction
Miscellaneous Non-Utility lncome
Miscellaneous Non-Utility Expense
Other Taxes, Non-Utility Operations
lncome Taxes, Non-Utility Operations
Net Non-Utility lncome (Add lines 20,22,23 & 24less lines 21 ,25,26, &27)
Gross lncome (add lines 19 & 28)
427.3 lnterest Exp. on Long-Term Debt
427.5 Other lnterest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
Rev 3/02 Page 4
101,022
3,140
97.882
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Name: CapitolWaterCorporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31.2013
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4
5
6
7
8
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11
't2
13
14
15
16
'17
18
19
20
21
22
23
24
25
26
27
28
29
SUB
ACCT #
301
302
303
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
DESCRIPTION
Organization
Franchises and Consents
Land & Land Rights
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
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
M iscellaneous Equipment
Other Tangible Property
TOTAL PLANT IN SERVICE
(Add lines 1-28)
257
$ 1,192
Balance
Beginning
of Year
137.446
270,194
22,780
164,030
Enter
Added
During
Year
Removed
During
Year
Balance
End of
Year
40,969
144,846
257.457
196,664
277,275
1,076
872,158
116,533
212,114
107107T
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end of year totals on Pg 7, Line 1
Rev 3/02 Page 5
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2
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5
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7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Name: CapitolWaterCorporation
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended December 31 2013
SUB
ACCT #
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
DESCRIPTION
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
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)
Depreciation
Rate
Yo
Balance
Beginning
of Year
2.211.327 2.299.041
191.516
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
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Name: CapitolWaterCorporation
BALANCE SHEET
ACCT #
For Year Ended
ASSETS
DESCRIPTION
101 Utility Plant in Service (From Pg 5, Line 29)
1O2 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)
108.1 Accumulated Depreciation (From Pg 6, Line 26)
108.2 Accum. Depr. - Utility 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)
123 lnvestment in Subsidiaries
125 Other lnvestments
Total lnvestments (Add lines 14 & 15)
131
135
141
142
145
151
162
173
143
181
183
184
186
Cash
Short Term lnvestments
Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies lnventory
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 & lnvestigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)
164.030 48,084
164.030
211,327 87.714
952,703
60,763
108,208
154.029
1,167,49s $ 1,116,350 $(51,145)
December 31 2013
Balance
Beginning
of Year
lncrease
or
1
2
3
4
5
6
7
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11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
3.212.114
Rev 3/02 Page 7
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Name: Capitol Water Corporation
BALANCE SHEET
ACCT #
For Year Ended
LIABILITIES & CAPITAL
DESCRIPTION
201-3 Common Stock
204-6 Preferred Stock
207 -13 Miscellaneous Capital Accounts
214 AppropriatedRetainedEarnings
215 UnappropriatedRetainedEarnings
216 ReacquiredCapitalStock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)
221-2 Bonds
223 Advances from Associated Companies
224 Other Long - Term Debt
231 Accounts Payable
232 Notes Payable
233 Accounts Payable - Associated Companies
235 CustomerDeposits(Refundable)
236.11 Accrued Other Taxes Payable
236.12 Accrued lncome Taxes Payable
236.2 Accrued Taxes - Non-Utility
23740 Accrued Debt, lnterest & Dividends Payable
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction
253 Other Deferred Liabilities
255.1 Accumulated lnvestment Tax Credits - Utility
255.2 Accum. lnvestment Tax Credits - Non-Utility
261-5 Operating Reserves
271 Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. "*
281-3 Accumulated Deferred lncome Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LIAB & CAPITAL ( Add lines I & 30)
December 31 2013
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22
23
24
25
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30
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Balance
Beginning
of Year
200
856,598
160,882
260.358
$ 1,156,156
Balance
End of
Year
lncrease
or
2,311
11,472
16,667
1,116,350
** Only if Commission Approved
Rev 3/02 Page 8
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Name: CapitolWaterCorporation
STATEMENT OF RETAINED EARNINGS
For Year Ended December 31.2013
Retained Earnings Balance @ Beginning of Year
Amount Added from Current Year lncome (From Pg 4, Line 32)
Other Credits to Account
Dividends Paid or Appropriated
Other Distributions of Retained Earnings
Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
No. Shares
Description (Class, Par Value etc.)
Common Stock
DETAIL OF LONG.TERM DEBT
lnterest Year-end
$ 856,598
97,882
(114,584)
(6,437)
$ 833,459
No. Shares Dividends
lnterest lnterest
Rate Balance Paid Accrued
Advances for Construction N/A None
Debentures 1004 5.000.00 500.00
Note- R. Price 90h 0.00
Note-7.87o/o 0.00 325.00
Note- B of A 7.25o/o 0.00 2,315.00
Rev 3/02 Page 9
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Name: CapitolWaterCorporation
SYSTEM ENGINEERING DATA
For Year Ended December 31, 2013
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:
tion or location
Well#1
Well#5 - redrilled in2002
Well#6
Well#7
Rated
Capacity
Total
Capacity
000's
Gal.
Type of
Treatment:
(None, Chlorine AnnualFluoride Production
Usable
Capacity
000's
Gal.
Water
Supply
Source
(Well, Spring,
Surface
Type ofReservoir Construction
(Elevated,Pres- (Wood,Steel
Pressurized Steel
3 System Storage:
nation or Location
Well#1
Well#2
Well#3
Well#4
Well#5
Well#6
Well#7
(Duplicate form and aftach if necessary. Asterisk facilities added this year.)
Rev 3/02 Page 10
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Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
ForYear Ended December 31.2013
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
** Submit pump curves unless previously provided or unavailable. As
Attach additional sheets if inadequate space is available on this page.
lf Wells are metered:
What was the total amount pumped this year?
What was the totalamount pumped during peak month?
What was the total amount pumped on the peak day?
lf customers are metered, what was the total amount sold in peak month?
Was your system designed to supply fire flows?
lf Yes: What is current system rating?
How many times were meters read this year?
During which months?
Rated Discharge EnergyHorse Capacity Pressure Used
year
719.456,000
128.435.000
5,968,000
N/A
Yes
Daily
Jan to Dec
Unknown
How many additional customers could be served with no system improvements
except a service line and meter? Unknown
How many of those potential additions are vacant lots?
Are backbone plant additions anticipated during the coming year?
lf Yes, aftach an explanation of projects and anticipated costst
ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded? Unknown
& Tvoe ot Power This Year
Well#1 30 350 70
Well#2-25
Well#3 100 350 70
Well#4 200 2000 60
Well#5 150 1 500 75
Well#6 150 1 500 70
Well#7 150 1 500 75
** Submit pumD curves unless or unavailable. Asterisk facilities added
Rev 3/02 Page 1 1
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2C
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3B
3C
4
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Name: CapitolWaterCorporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31 2013
1 Pipe
Size
FEET OF MAINS
ln Use
Beginning
Of Year
lnstalled
During
Year
Metered:
Residential
Commercial
lndustrial
Flat Rate:
Residential
Commercial
lndustrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
TOTALS (Add lines 2 through 8)
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
Rev 3/02 Page 12
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CERTIFICATE
State of ldaho
Countv of
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.
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MycommissionExpires f Ia lZCrq
(Officer in Charge of Accounts)
wE, rhe rno"rrign"d t-f [- eb € \-+ /il o .
(Chief Officer)
Rev 3/02 Page 13
gdUexce14n€lsoryanulrpts^xtrannualrpt