2018Annual Report.pdf

A
CRP'lt,
REPORT
OF
CAPITOI-, WATER CORPORATION
26g,6 ELDORADO STREET
BOISE, lf,) Bs'to4
llo'1.'I{E
IDA}IO PI]BI,IC)
UT'II JTI trS COI\IMISSI OI\T
FOR'fHE
YEAR ENDED zols
}J rtl: f.-' fi(ft
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COLES
Accounting & Consulting
Boise,ID
Aprll24,2019
Dennis R. Reinstein, CPA,/ABV ASA, CVA
S. Jason Coles, MBA, CPAIPFS
Keith A. Pinkerton, MBA, CFA, ASA
Susan M. Langley, CPA, CFE
Nate Lining, CPA
Board of Directors
Capitol Water Corporation
Boise,Idaho
Management is responsible the accompanying financial statements of Capitol Water Corporation, which
comprise the balance sheet as of December 31, 2018 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. We have performed a compilation engagement in accordance with Statements on Standards
for Accounting and Review Services promulgated by the Accounting and Review Services Committee of
the AICPA. 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 in the prescribed form of the Idaho Public Utilities Commission. We did not audit or
review the financial statements nor were we required to perform any procedures to verify the accuracy or
completeness of the information provided by management. Accordingly, we do not express an opinion, a
conclusion, nor provide any form of assurance on these financial statements.
The financial statements and supplementary information are presented in accordance with the
requirements of the Idaho Public Utilities Commission, which differ from accounting principles
generally accepted in the United States of America.
l,P* P'*^Ah;,Pul--
Member of American lnstitute of Certified Public Accountants and ldaho Society of Certified Public Accountants
University Plaza, 960 Broadway Ave., Suite 415, Boise, lD 83706 T 208.3452350 F 208.344.3019
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ANNUAL REPORT FOR WATER UTTLITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31, 2018
COMPANY INFORMATION
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
Capitol Water Corporation
April 7, 1959
ldaho
2626 Eldorado
Boise
ldaho
83704
Corporation
Boise
Ada County
11 Are there any affiliated companies?No
lf yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
12 Contact lnformation Name Phone No
President (Owner)
Vice President
Secretary
General Manager
Complaints or Billing
Engineering
Emergency Service
Accounting
H. Robert Price 375-0931
Bonnie Price 375-0931
H. Robert Price 1
Bonnie Price 1
H. Robert Price 1
H. Robert Price 37s-093 1
Coles Reinstein PLLC 345-2350
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?
Street Address 2626 Eldorado
City Boise
State ldaho
83704
Rev 3/02
Zip
Page 1
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NAME: Capitol Watq tqpq4lqn
COM PANY I NFORMATION (Cont.)
For the Year Ended December 31 2018
15 ls 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?
'17 ls water purchased for resale through the system?
1B 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?
If 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?
Attach 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
No
No
Gallons/CCF $Amount
No
No
6
1
2
9
1-Sep-18
No
Rev 3/02 Page 2
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NAME: Capitol Water Corporation
REVENUE & EXPENSE DETAIL
ACCT #
For the Year Ended
DESCRIPTION
December 31 201 8
1 460
2 461.1
3 461.2
4 462
5 464
6 465
7 466
8 400
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)
401 OPERATING EXPENSES
Labor - Operation & Maintenance
Labor - Customer Accounts
Labor - Administrative & General
Salaries, Officers & Directors
Employee Pensions & Benefits
Purchased Water
Purchased Power & Fuel for Power
Chemicals
Materials & Supplies - Operation & Maint.
Materials & Supplies - Administrative & General
Contract Services - Professional
Contract Services - Water Testing
Contract Services - Other
Rentals - Property & Equipment
Transportation Expense
lnsurance
Advertising
Rate Case Expense (Amortization)
Regulatory Comm. Exp. (Other except taxes)
Bad Debt Expense
Miscellaneous
$574,240
132,046
197
73,623
60,449
s6,498
68,467
87 166
27 149
42,878
22,165
1 587
2,688
9,672
5 795
134 750
$706,483
Booked to Acct #
Booked to Acct #
- Booked to Acct # 460.5
9
10
11
* DEQ Fees Billed separately to customers
"" Hookup or Connection Fees Collected
***Commission Approved Surcharges Collected
12 601 .1-6
13 60.t .7
14 601.8
15 603
16 604
17 610
18 615-16
19 618
20 620.1-6
21 620.7-8
22 631-34
23 635
24 636
25 641-42
26 650
27 656-59
28 660
29 666
30 667
31 670
32 675 10,388
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Page 3
$ 617,275
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Name: CapitolWaterCorporation
ACCT #
For Year Ended
DESCRIPTION
INCOME STATEMENT
December 31 2018
1
2
3
4
5
6
7
B
403
406
407
408.10
408.11
408.12
9A 408.13
9B
9C
9D
10 409.10
11 409.11
12 410.10
13 410.11
14 411
'15 412
16
17 413
18 414
19
20 415
21 416
22 419
23 420
24 421
25 426
26 408.20
27 409-20
28
29
30 427.3
31 427.5
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) DEQ Fees
Vehicles
$ atz,zts
94,132
1,452
30
$ 706,483
770,572
32
37,869
15,765
4,049
Federal lncome Taxes
State lncome Taxes
Provision for Deferred lncome Tax - Federal
Provision for Deferred lncome Tax - State
Provision for Deferred Utility lncome Tax Credits
lnvestment Tax Credits - Utility
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 &18 less 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 & 24 less lines 2'l ,25,26, &27)
Gross lncome (add lines 19 & 28)
lnterest Exp. on Long-Term Debt
Other lnterest Charges
NEf INCOME (Line 29less lines 30 & 31) (Also Enter on Pg 9, Line 2)
(64,089)
32
(64,057)
1 ,619
Rev 3/02 Page 4
$ (6s,676)
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Name: Capitol Water Corporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31 2018
SUB
ACCT #
Balance
Beginning
of Year
969
195
1
$ goz
101
291
$606
838
27 680
967 945
121 439
Added
During
Year
Removed
During
Year
Balance
End of
Year
3
6992
928
1
2
3
4
5
6
7
B
9
10
1.1
12
13
14
15
16
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
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
Miscellaneous Equipment
Other Tangible Property
TOTAL PLANT IN SERVICE
(Addlinesl-28)
000 000
87
799 29 799
$ 133 194
27 067 29
$928
107 107
$ 3,561,996 $ SZ,SSZ $ 147,50s $ 3,466,843
Enter beginning & end of year totals on Pg 7, Line 1
2
307
896
$ 291
606
013
130
$210
40 969
30 195
728
348
1
1
$ 1,246
$ 10,1s3
1,619$
14$
175$
$450
$ 31,265
$ 4,909
87$
$ 147,505
$2,434
Rev 3/02 Page 5
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Name: Capitol Water Corporation
ACCUMULATED DEPRECIATION ACCOUNT 1 08.1 DETAI L
For Year Ended December 31, 2018
SUB
ACCT #
Depreciation
Rate
o//o
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
Decrease't 304
2 305
3 306
4 307
5 308
6 309
7 310
8 311
9 320
10 330
11 331
12 333
13 334
14 335
1s 336
16 339
17 340
18 341
19 342
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 Eq u ipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
1 749
3
19
169
-7
I
250
997
2 772
830
200
836
81
37
6
75
2
$
$
b
96820
21
22
23
24
25
26
343
344
34s
346
347
348
2 2
Enter beginning & end of year totals on Pg 7, Line 7
$ 121,368 $ 123,117
$ z,qqt 2,444$
$ 232,489 $ 238,954
$ 1,082,357 $ 1 ,101 ,593
$900 $ t,oog
$ 191,536 $ 198,s39
$ ztlza $ 21,978
907$982$
$ 14,049 $ t s,o+o
$ og+,sss $ 664,155
$ 98,s6s $ 101,395
117$317$
2$
$ 27,133 $ 27,969
$ t 93,263 $ og,zs+
$ z+,st g $ 2s,481
$786 $867
107$107$
Rev 3/02 Page 6
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Name: CapitolWaterCorporation
BALANCE SHEET
For Year Ended December 31, 2018
Balance
Beginning
of Year
,l
2
3
4
5
6
7
8
9
10
11
12
13
14
't5
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
ACCT #
101
102
103
105
114
108.1
108.2
108.3
110.1
110.2
115
ASSETS
DESCRIPTION
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 1 - 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)
lnvestment in Subsidiaries
Other lnvestments
Total lnvestments (Add lines 14 & 15)
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 -24less 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)
3 .I 996
Balance
End of
Year
lncrease
or
rease
41
15
9961
123
125 $
642
91 354
547131
135
141
112
145
151
162
173
143
$t $
928
911
'l
$ 1,126,063 $ 95S,+59 $ (170,604)
604
181
183
184
186
Rev 3/02 Page 7
3,466,843
$ 3,466,843
$ 2,593,269
$ 873,574
$ st,o+o
$ za,t+o
2,693$
$ 81,885
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Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31, 2018
ACCT #
1 201-3
2 204-6
3 207-13
4 214
5 215
6 216
7 218
B
I 221-2
10 223
11 224
12 231
13 232
14 233
't5 235
16 236.11
17 236.12
18 236.2
19 237-40
20 241
21 251
22 252
23 253
24 255.1
25 255.2
26 261-5
27 271
28 272
29 281-3
30
31 TOTAL
Rev 3/02
LIABILITIES & CAPITAL
DESCRIPTION
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 & Dividends Payable
Misc. Current & Accrued Liabilities
Unamortized Debt Premium
Advances f or Construction
Other Deferred Liabilities
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
LIAB & CAPITAL ( Add lines I & 30)
** Only if Commission Approved
Page 8
$ goz 333
$
1
$ 13
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
157
157
b 939
4
132
000
882
s33
997
5
$1
530
$ 1 ,126,063 $70,604
1
$ 1o,ooo
$ 29,200
$ t+9,43t
$ 788,637
$ s,ooo
6,350$
$ 21,828
$ (19,490)
$ 135,824
$ 160,882
$ (143,572)
$ 166,822
$ 95s,459
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Name: Capitol Water Corporation
STATEMENT OF RETAINED EARN!NGS
For Year Ended December 3'1 201 8
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year lncome (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
CAPITAL STOCK DETAIL
No. Shares
Authorized
$ goz,sgs
(65,676)
(84,584)
(7,636)
$ 749,437
No. Shares
Outstandi
lnterest
Paid
Dividends
Paid
lnterest
Accrued
7 Descriptiol (Class, Par Value etc.)
Common Stock
8 Descri
Advances for Construction
Debentures
Note- R. Price
Note-
Note- B of A
DETAIL OF LONG-TERM DEBT
250 84
lnterest
Rate
Year-end
Balance
100
N/A None
10y"5,000.00 s00.00
9%0.00
7.87%0.00 0.00
7.25%0.00 0.00
Rev 3/02 Page 9
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Name: CapitolWaterCorporation
SYSTEM ENGINEERING DATA
For Year Ended December 3'1 201 8
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
Water
Supply
Source
(Well, Spring,
Rated
Capacity Fluoride
Filter etc.
Annual
Production
P or location Gal Surface
Well#1 Well
Well#2 -tve Well
Well#3 Well
Well#4 Well
Well #5 - redrilled in 2OO2 Well
Well #6 Well
Well #7 Well
3 System Storage:
Total
Capacity
000's
Gal.
Usable
Capacity
000's
Gal.
Type of
Reservoir
(Elevated,Pres-
Construction
(Wood, Steel
e or Location u Concrete
Well #1 Pressurized Steel
\Nell #2
Well #3
Well #4
Well #5
Well #6
Well #7
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
350 Phosphate
450 None
350 Phosphate
2000 Phosphate
1 500 None
1 500 ASR
1 500 Phosphate
1 500
Rev 3/02 Page 10
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Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31 2018
4 Pump information for ALL system pumps, including wells and boosters.
6 lf customers are metered, what was the total amount sold in peak month?
7 Was your system designed to supply fire flows?
lf Yes: What is current system rating?
8 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?
10 Are backbone plant additions anticipated during the coming year?
lf Yes, attach an explanation of projects and anticipated costs!
'11 ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
Designation or Location Horse
Power
Discharge
Pressure
&of Pum
Well#1
Well#2- i
Well#3
Well#4
Well#5
Well#6
Well#7
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year
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 total amount pumped during peak month?
What was the total amount pumped on the peak day?
Energy
Used
This Year
734,126,00O
95,335,000
4,235,000
N/A
Yes
lncluded
Daily
Jan to Dec
9
Unknown
Unknown
No
30 350 70
25
100 350 70
200 2000 60
150 1 500 75
150 1 500 70
150 1 500 75
Rev 3/02 Page 1 1
Unknown
Rated
Capacity
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Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31, 2018
FEET OF MAINS
Pipe
Size
ln Use
Beginning
Of Year
lnstalled
During
Year
Abandoned
During
Year
ln Use
End of
Year
10'600 600
z',7 7
4 23 740 23 740
o 4 76
8',42 765 42 765
12 2,380 2
314"59 193 59 193
1"4 8 4 8
1112',290 290
CUSTOMER STATISTICS
Num
This
Year
Last
Year
Last
Year
2
2A
28
2C
Mete red
Residential
Commercial
lndustrial
266
3
3A
3B
3C
Flat Rate:
Residential
Commercial
lndustrial
2454
0
0
4 Private Fire Protection 21
5
6
7
8
Public Fire Protection 174
Street Sprinkling
Municipal, Other
Other Water Utilities
291 5 0
This
Year
261
2441
0
0
21
174
2897 0
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
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CERTIFICATE
State of ldaho
countv of 4On SS
WE, the u
,4,baeZr k-rrc
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.
/e/,/
(Chief Officer)
A/ Z*,r
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
I,t fiYthi
NOTARY c
My Commission Expires a5 2D7D
Rev 3/02 Page 13
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