2019Annual Report.pdf

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AI{I{TTAL REPORT
OF
CAPITOL WATER CORPORATION
2626 ELDORADO STREET
BOISE, fD Bs7o4
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FORTHE
YEAR ENDED gols
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COLES
REINSTEIN
Accounting & Consu ting Dennis R. Reinstein, CPA/ABV ASA, CVA
S. Jason Coles, ltlBA, CPA/PFS
Keith A. Pinkerton, MBA, CFA, ASA
Susan M. Langley, CPA. CFE
Nate Lining, CPA
Board of Directors
Cap itol Water Corporation
Boise,Idaho
Management is responsible the accompanying financial statements of Capitol Water Corporation, which
comprise the balance sheet as of December 31,2019 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.
6A \L"",,.fu,.^,DLL-c-
Boise,ID
4pn130,2020
Member of American lnstitute of Certified Public Accountants and lclaho Society of Certifiecl Public Accountants
University Plaza, 960 Broadway Ave., Suite 415, Boise, lD 83706 T 208.3452350 F 2O8 344.3019
ANNUAL REPORT FOR WATER UTILITTES TO
THE IDAHO PUBLIC UTILITIES COMMISSTON
FOR THE YEAR ENDING December 31,2019
COMPANY INFORMATION
1 Give full name of utility
2 Dale 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
Ada Countv
11 Are there any affiliated companies?No
lf yes, attach a list with names, addresses & descriptions. Exptain any services
provided to the utility.
12 Contact lnformation Name
President (Owner)
Vice President
Secretary
General Manager
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 Iist with names, addresses & descriptions. Explain any servicesprovided to the utility.
14 Where are the Company's books and records kept?
Street Address 2626 Etdorado
City Boise
State ldaho
83704
Capitol Water Corooration
AprilT, 1959
ldaho
2626 Eldorado
Boise
ldaho
83704
Corporation
Boise
H. Robert Price
Bonnie Price
H. Robert Price
Bonnie Price
H. Robert Price
H. Robert Price
Coles Reinstein PLLC
Phone No.
375-0931
375-0931
375-0931
375-0931
37s-0931
375-0931
345-2350
Rev 3/02
zip
Page 1
NAME: Caoitol Water Corooration
COMPANY INFORMATION (Cont.)
For the Year Ended December 3'l 2019
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?
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?
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 3'1.21.01.701?
Attach a copy of the Summary
24 Aid 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/COF $Amount
No
No
4
2
2
12
1-Sep-19
No
Rev 3/02 Page 2
NAME: Capitol Water Corporation
REVENUE & EXPENSE DETAIL
ACCT #
For the Year Ended
DESCRIPTION
December 3'l 201 I
4OO REVENUES
1 460 Unmetered Water Revenue
2 461.1 Metered Sales - Residential
3 461.2 Metered Sales - Commercial, lndustrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 lrrigation Sales Revenue
7 466 Sales for Resale
B 400 Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
9 - DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
12 601.1-6 Labor - Operation & Maintenance
13 601.7 Labor - Customer Accounts
14 601.8 Labor - Administrative & General
15 603 Salaries, Officers & Directors
16 604 Employee Pensions & Benefits
17 610 Purchased Water
'18 6'15-16 Purchased Power & Fuelfor Power
19 618 Chemicals
20 620.1-6 Materials & Supplies - Operation & Maint.
21 620.7-8 Materials & Supplies - Administrative & General
22 631-34 Contract Services - Professional
23 635 Contract Services - Water Testing
24 636 Contract Services - Other
25 641-42 Rentals - Property & Equipment
26 650 Transportation Expense
27 656-59 lnsurance
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm. Exp. (Other except taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous
$ 5z+,880
127 794
284
75,046
61,357
57,642
57,651
85,573
27 9s6
13,958
21,',141
18,935
905
757
$ 702,959
Booked to Acct #
Booked to Acct #
- Booked to Acct # 460.5
8,017
5,350
11,047
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) $ 445,335
Rev 3/02 Page 3
Name: Capitol Water Corporation
INCOME STATEMENT
ACCT #
For Year Ended
DESCRIPTION
December 31 2019
1
2
3
4
5
6
7
8
403
406
407
408.10
408.11
408.12
9A 408.13
409.1 0
409.11
41 0.1 0
410.1 't
411
412
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
$ 445,335
92,922
1 786
20,036
15,038
195
$ 702,958
581,930
59
9B
9C
9D
10
11
12
13
14
15
16
17
18
19
20
2',l
22
23
24
25
26
27
28
29
30
31
32
413
4't4
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
2,384
4,234
Total Expenses lrom operations before inlerest (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 & 24 less lines 21 ,25,26, & 271
Gross lncome (add lines 19 & 28)
lnterest Exp. on Long-Term Debt
Other lnterest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
415
416
419
420
421
426
408.20
409-20
427.3
427.5
121,028
59
121 087
(70)
Rev 3/02 Page 4
$121.157
Name
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
Capitol Water Corporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31,2019
#
SUB
ACCT
Balance
Beginning
of Year
40 969
195
'l 728
2
307
Added
During
Year
Removed
During
Year
Balance
End of
Year
969
$195
728
307
363
896
291 436
606
443
$130
$
87
$928
4
1
1
2
3
4
5
6
7
B
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
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
Backf low 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)
$ 3,466,843 $ 156,948 S
1
1
291
25
2 013
$130
10
5
799
194
$
107
$33
037 521
839
87
34 181
133 194
I
1
928
$404
$ 3.623.791
Enter beginning & end of year totals on Pg 7, Line 1
$ 61.109
s 48.430
$ 38,311
$49.1
4,382$
3,928$
297$
Rev 3/02 Page 5
Name: Capitol Water Corporation
ACCUMULATED DEPRECIATION ACCOUNT 1 08.1 DETAIL
For Year Ended December 31,2019
SUB
ACCT #
Depreciation
Rate
/o
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
1 304
2 305
3 306
4 307
5 308
6 309
7 310
8 311
I 320
10 330
11 331
12 333
'r3 334
14 33s
15 336
16 339
17 340
18 341
19 342
DESCRIPTION
Structures and I mprovements
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)
758
3
333
17 429
196
911
251
207
$001
$
$190
Enter beginning & end of year totals on Pg 7, Line 7
1
1
284
$
20 343
21 344
22 345
23 346
24 347
25 348
26
275
200
4
184
49
92
7
1
s 123.117 $ 124.87s
$ z.qqq 2,447$
$ 238.954 $ 245.287
$ 1 ,101 ,593 $ r,r 19.022
1,069$$ t,zos
$ 198.s39 $ 205.450
$ 21.978 $ 22.229
$982 2,189$
$ 15,046 $ 16,047
$ 664.155 $ 693.430
$ 101,395 s 103.679
317$517$
$2 $6
$ 27,969 $ 29.153
$ 69.2s4 $ 92.751
$ 2s,481 $ 26,813
867$916$
107$114$
Rev 3/02 Page 6
Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31,2019
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
TotalCurrent (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)
948
$921
873 4 o27
51
28,146
$
2 29
81 49
$ 955,459 $ 1,069,010 $ 113,551
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
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
31
ACCT #
101
102
103
105
114
843 1
'l
948
108.1
108.2
108.3
1 '10.1
1 '10.2
115
123
125
131
135
't41
142
145
151
162
173
143
$
991
181
183
184
186
3.623.791
$ 3.623.791
$ 2,686,190
$ 937.601
$ 107,037
$ 21,650
$ 2.722
$ 131,409
Rev 3/02 Page 7
1 201-3
2 204-6
3 207-13
4 214
5 215
6 216
7 218
8
I 221-2
10 223
11 224
12 23'.1
13 232
14 233
15 235
16 236.1 1
't7 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
Name: Caoitol Water Corporation
BALANCE SHEET
For Year Ended December 31 201 9
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 f rom Associated Companies
Other Long - Term Debt
Accounts Payable
Notes Payable
Accounts Payable - Associated Companies
Customer Deposits (Ref undable)
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 for Construction
Other Deferred Liabilities
Accumulated lnvestment Tax Credits - Utility
Accum. lnvestment Tax Credits - Non-Utility
Operating Fleserves
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 8 & 30)
** Only if Commission Approved
ACCT #
Balance
Beginning
of Year
10
907
$
335
132
160
143
$53017
$ 1,126,063
Balance
End of
Year
lncrease
or
Decrease
1 91
129 91
7
29
533
000
997
003 1 7
$'17
11
103
72
7$
$ 10.000
$ 29,200
$ ttt.qtt
$ 816.617
5,000$
3,523s
$ 14.490
s (12,872)
$ 121.679
$ 264.145
$ (143,572)
$ 252,393
$ 't ,069,010
Rev 3/02 Page 8
Name: Capitol Water Corporation
STATEMENT OF RETAINED EARNINGS
For Year Ended December 3'l 2019
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
Descriotion Par Value etc.)
No. Shares
Authorized
$ tqg,+31
12',1 't57
(84,584)
(8,593)
$ ttt,+tt
No. Shares
lnterest
Paid
Dividends
Paid
lnterest
Accrued
7
Common Stock zso B4 .00
DETAIL OF LONG.TERM DEBT
B Descri
Advances for Construction
Debentures
Note- R. Price
Note-
Note- B of A
lnterest
Rate
Year-end
Balance
100
N/A None
10%5,000.00 500.00
9%0.00
7.87o/o 0.00 0.00
7.25%0.00 0.00
Rev 3/02 Page 9
Name: CaoitolWater Corporation
SYSTEM ENGINEERTNG DATA
For Year Ended December 31 2019
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
Pum ation or location Filter etc 000's Gal.Surface
Well #1 Well
Well #2 -Well
Well #3 Well
Well #4 Well
Well #5 - redrilled in 2002 Well
Well #6 Well
Well #7 Well
3 System Storage
Rated
Capacity
Total
Capacity
000's
Gal.
Usable
Capacity
000's
Gal.
Annual
Production
Type of
Reservoir
(Elevated,Pres-
urized
Pressurized Steel
Water
Supply
Source
(Well, Spring,
Construction
(Wood, Steel
ConcreteDeation or Location
Well#1
Well#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
1500 Phosphate
1 500 ASR
1500 Phosphate
1 500
Rev 3/02 Page'10
Name: Caoitol Water Corooration
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31 2019
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Power
Rated
Capacity
&
5
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!
1'l ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
of Pum
Well#1
Well#2-
Well#3
Well#4
Well#5
Well#6
Well#7
*'Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additiona! 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?
Discharge
Pressure
Energy
Used
This Year
726,300,000
94,226,000
4,105,000
N/A
Yes
lncluded
Daily
Jan to Dec
9
Unknown
Unknown
No
.tut I )sr
30 350 70
25
100 350 70
200 2000 60
150 1500 75
150 1500 70
150 1500 75
Rev 3/02 Page 1 1
Unknown
Name: Capitol Water Corporation
SYSTEM ENGINEERTNG DATA
(continued)
For Year Ended December 31 2019
FEET OF MAINS
1 Pipe
Size
10'
2u
4u
o
B'
12',
3/4',
1u
11t2',
2 Metered:
2A Residential
28 Commercial
2C lndustrial
4 Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
600
7 966
740
4
42 765
2
193
4 't8
290
CUSTOMER STATTSTICS
Number of Customers
This
Year
26
1
2941
ln Use
Beginning
Of Year
lnstalled
During
Year
Last
Year
Abandoned
During
Year
ln Use
End of
Year
Last
Year
600
7 966
23 740
4
42 765
2
s9 193
4 18
290
269
2466
3
3A
3B
3C
Flat Rate:
Residential
Commercial
lndustrial
0
0
5
6
7
I
0
This
Year
266
2454
0
0
21
174
2915 0
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
CERTIFICATE
State of ldaho
ftd^SS
Countv of
WE the unders Ch
0
of the
utility, on our oath do severally say that the fo ng 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
(Chief Officer)
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
a0eo
NOTARY PUBLIC
Op
My Commission Expires 05 o
Rev 3/02 Page 13
gdUexceyjnelsory'anulrptdMrannual rpt