2014Annual Report.pdf

OF
NAME
Capitol Water Corporation
2626 Eldorado Street
Boise,ID 83704
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
2014
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ANNUAL REPORT
YEAR ENDED
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RENSTEN
Accounting & Consulting
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Dennis R. Reinstein, CPAIABV, ASA, CVA
S. Jason Coles, MBA. CPAIPFS
Keith A. Pinkerton, IvBA, 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,
2014, 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.
(r!"* Aa,;*trun,frtr'c
April20,2015
Member of American lnstitute of Certified Public Accountants and ldaho Society of Certified Public Accountants
coLEs REINSTEIN, P.L.L.C.
University Plaza, 960 Broadway Ave., Suite 415, Boise, lD 83706 I 208.345.2350 F 2Oa344.3O19
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ANNUAL REPORT FOR WATER UTTLITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31,2014
COMPANY INFORMATION
Capitol Water Corporation1 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
Street Address
City
State
zip
AprilT. 1959
2626 Eldorado
ldaho
Corporation
Ada County
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
lf 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?
Phone No.
2626 Eldorado
Boise
ldaho
375-0931
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 31.21.01.701?
Aftach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?
lf yes, attach full explanation
and an updated system map
December 31 2014
No
No
Gallons/CCF $Amount
No
No
14
1-Oct-14
No
Rev 3/02 Page2
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NAME: Capitol Water Corporation
REVENUE & EXPENSE DETAIL
ACCT #
For the Year Ended
DESCRIPTION
December 3'1 2014
I 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)
I " DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
4Of 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 & Fuel for 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
64142 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
1l:
4l:
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460
461.1
461.2
462
464
465
466
400
$ 564,416
126.869
595
68,925
55,100
53,770
48,403
112,382
20,831
16,326
20,635
18,226
13,80'l
9,526
(ss)
16,384
691,880
Booked to Acct #
Booked to Acct #
Booked to Acct # 460.5
241
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Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Page 3
455,495
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Name: CapitolWaterCorporation
INCOME STATEMENT
ACCT #
For Year Ended
DESCRIPTION
December 31 2014
172100
51
708
51
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1
2
3
4
5
6
7
8
9A
9B
9C
9D
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
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
$ 691,880
403
406
407
408.10
408"11
408.12
408.13 DEQ Fees
455,495
77.958
1.635
26,859
12.934
10.788409.10 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
413
414
415
416
419
420
421
426
408.20
409-20
5,057
Total Expenses from operations before interest (add lines 2-15)
lncome From Utility Plant Leased to Others
Gains (Losses) From Disposition of Utility Plant
NetOperating 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
OtherTaxes, 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)
100,223
Rev 3/02 Page 4
99,720
107
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Name: CapitolWaterCorporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31.2014
SUB
ACCT #
Balance
Beginning
of Year
3,584
30,195
144,846
1,196
277.275
1,076
872,158
Added
During
Year
Balance
End of
Year
40,969
144,846
257.457
3,277
291.422
23,731
805
905.053
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
't6
17
18
19
20
21
22
23
24
25
26
27
28
29
301
302
303
304
305
306
307
308
309
310
311
320
330
33't
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
Miscellaneous Equipment
Other Tangible Property
116.533 117.167
TOTAL PLANT IN SERVICE S 9,212,11A 1 $ 59,6
(Add lines 1 - 28) Enter beginning & end of year totals on Pg 7, Line 1
Rev 3/02 Page 5
lncrease
or
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7l:
10
I11
12l ::^
15I:i
ll:
20l::
l:1
25
126
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Name: CapitolWaterCorporation
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended December 31.2014
Depreciation
Rate
Balance
Beginning
Balance
End of
ACCT # DESCRIPTION o/o of Year Year
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 & A.ccessories
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 Equrpment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
341
342
343
344
345
346
347
348
$ 108.341 $ 112,062 $ 3,721
$ 2.429 $ 2.432 $3
$
$ 199.025 $ 206.480 7.455
$
$ 998,837 $ 1,020,768 $ 21,931
$381 $507 $126
$ 156,637 $ 165,436 $ 8,799
$ 20.987 $ 21.158 $171
$679 $724 45
s 9.895 $ 10.930 $1
$ 514,590 $ 543,835 29.245
$ 84.407 $ 88.197 $ 3.790
$
$
$
$ 22.561 $ 23,816 $1.255
$ 158.853 $ 162.710 3.857
$
$ 20,799 $ 21,771 $972
$
$513 $552 39
$
$107 $ 107ru_
rq & end of
$ 2,381,485 $ nA44
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)
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)
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
1'15 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 Cash
135 Short Term lnvestments
141 Accts/Notes Receivable - Customers
142 Other Receivables
145 Receivables from Associated Companies
151 Materials & Supplies lnventory
162 Prepaid Expenses
173 Unbilled (Accrued) Utility Revenue
143 Provision for Uncollectable Accounts
Total Current (Add lines 17 -24 less line 25)
181 Unamortized Debt Discount & Expense
183 Preliminary Survey & lnvestigation Charges
184 Deferred Rate Case Expenses
186 Other Deferred Charges
TotalAssets (Add lines 13, 16 & 26 - 30)
$ 3.212.114 59,680
3.212.114
$ 2.299,041 82,444
913.073
30,082 4,865
103,353 3,127
$ 1,116,350 $ 1,096,128 $(20,222)
December 31 2014
Balance
Beginning
of Year
lncrease
or
1
2
3
4
5
6
7
8
o
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
3.271.794
$ 2,381,485
Rev 3/02 Page 7
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Name: CapitolWaterCorporation
For Year Ended
LIABILITIES & CAPITAL
ACCT # DESCRIPTION
BALANCE SHEET
December 31,2014
1
2
3
4
5
6
7
I
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
3'1
201-3
204-6
207-13
214
21s
216
218
221-2
223
224
231
232
233
235
236.11
236.12
236.2
23740
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 lncome Taxes Payable
Accrued Taxes - Non-Utility
Accrued Debt, lnterest & Divrdends Payable
Misc. Current & Accrued Liabilities
Unamortized Debt Premium
Advances for Construction
Other Deferred Liabilfiies
Accumulated lnvestment Tax Credits - Utility
Accum. lnvestment Tax Credits - Non-Utility
Operating Reserves
Contributions in Aid of Construction
Accum. Amort. of Contrib. in Aid of Const. **
Accumulated Deferred lncome Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LIAB & CAPITAL ( Add lines I & 30)
Balance
Beginning
of Year
833,459
23,136
172,026
$ 1,116,350
Balance
End of
Year
8,711
5,461
5,145
13,88
1,096,128
** Only if Gommission Approved
Rev 3/02 Page 8
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1
2
3
4
5
6
Name: CapitolWaterCorporation
STATEMENT OF RETAINED EARNINGS
For Year Ended December 31.2014
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
Descriotion (Class. Par Value etc.)
Common Stock
DETAIL OF LONG-TERM DEBT
833,459
99.720
(84,588)
(6,421)
_9_____942,170
Advances for Construction
Debentures
Note- R. Price
Note- B of A
lnterest
Rate
Year-end
Balance
Rev 3/02 Page 9
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Name: CapitolWaterCorporation
SYSTEM ENGINEERING DATA
ForYear Ended December 31,2014
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
(None, Chlorine Annual Source
Fluoride Production (Well, Spring,
Well#1
Well#2 - inoperative
nation or location
Rated
Capacity
Total
Capacity
000's
Gal.
Well#3
Well#4
Well #5 - redrilled in 2002
Well#6
Well#7
System Storage:
Storage Designation or Locatiol
Usable
Capacity
000's
Gal.
Type ofReservoir Construction
(Elevated,Pres- (Wood,Steel
Pressurized Steel
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(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Rev 3/02 Page 10
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Name: CapitolWaterCorporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31.2014
4 Pump information for ALL system pumps, including wells and boosters,
RatedHorse Capacity
lf 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?
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?
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?
Are backbone plant additions anticipated during the coming year?
lf Yes, attach an explanation of projects and anticipated costs!
ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
Designation or Location
Discharge
Pressure
*" Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
Energy
Used
This Yez
742,278,000
128,278,000
5.1 1 5.000
Yes
lncluded
Daily
Jan to Dec
6
7
Unknown
Unknown
& Tvoe of Power ear
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
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Rev 3/02 Page 1 1
Unknown
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Name: CapitolWaterCorporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31.2014
1 Pipe
Size
FEET OF MAINS
ln Use
Beginning
Of Year
lnstalled
During
Year
2
2A
28
2C
3
3A
3B
3C
Metered:
Residential
Commercial
lndustrial
Flat Rate:
Residential
Commercial
lndustrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
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GERTIF!GATE
State of ldaho
Countv of
WE, thc
otth. (a/tzb/ il*f.n 6?-
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.
/&-/A(Chief Officer). {4a
(Officer in Charge of Accounts)
NOTARY PUBLTC
My commission Expires Sftfl V ' 5 ,7OtO
Subscribed and Sworn to Before Me
Rev 3/02 Page 13
gdUexcel/jnelson/anulrpts/Mrannualrpt