2020Annual Report.pdf

CAPr^J
ANNUAL REPORT
OF
CAPITOL WATER CORPORATION
2626 ELDORADO STREET
BOISE, ID 83704
TO THE
IDAHO PUBLIG
UT!LITIES COMMISSION
FOR THE
YEAR ENDED 2020
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COLES
REINSTEIN
Accountinq & Consultrngt Dennis R. Reinstein, CPA/ABV, ASA. CVA
S. Jason Coles, MBA. CPAIPFS
Keith A. Pinkerton, MBA, CFA, ASA
Susan M. Langley, CPA. CFE
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 Derember 31,2020 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. 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 arc presented in accordance with the
requirements of the Idaho Public Utilities Commission, which differ from accounting principles
generally arcepted in the United States of America.
Put-c-
Boise,ID
April 10,2021
Mentber of American lnstitute of Certified Public Accountants ancl ldaho Society of Certified Public Accountants
Urriversity Plaza 960 Broaclway Ave., Suite 415, Boise, lD 83706 T 2083452350 F 208.344.3019
AI.INUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMTSSION
FOR THE YEAR ENDING December 31 2020
COMPANY INFORMAflON
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
AprilT, 1959
ldaho
2626 Eldorado
Boise
ldaho
837M
Corporation
Ada County
11 Are there any affiliated companies?No
!f yes, attach a list with names, addrqsses & descriptions. Explain any services
provided to the utility.
12 Contact lnformation Name
President (Owne|
Vice President
Secretary
GeneralManager
Complaints or Billing
Engineering
Emergency Service
Accounting
Boise
Phone No.
375-0931H. Robert Price
Bonnie Price
H. Robert Price
Bonnie Price
H. Robert Price
H. Robert Price
Coles Reinstein PLLC
1
1
1
1
1
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 & descripaions. Explaln any seruices
provided to the utllity.
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
NAME: Capitol Water Corppraliqn
COMPAI{Y I NFORMAflON (Cont.)
Forthe Year Ended December3l 2020
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 explanatlon
20 Has the ldaho Division of EnvironmentalQuality
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 31.2'1.01.7O1?
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?
lf yes, attach full explanatlon
and an updated system map
No
No
Gallons/CCF $Amount
No
No
7
1
0
3
1-Sep-20
No
Rev 3/02 Page 2
NAME: Capitol Water Corporation
REVENUE & EXPENSE DETAIL
ACCT #
For the Year Ended
DESCRIPTION
December 31 2020
4OO REVENUES
1 460 Unmetered Water Revenue
2 461.'l Metered Sales - Residential
3 461.2 Metered Sales - Commercial, lndustrial
4 462 Fire Protection Revenue
5 4U Other Water Sales Revenue
6 465 lrrigation Sales Revenue
7 466 Sales for Resale
I 40O 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
$ 529,363
1 30,1 80
't20
79,489
63,993
58,799
34,273
80,611
u,575
11,811
22,OO1
18,395
3,571
9,687
8,125
$ 709,663
Booked to Acct #
Booked to Acct #
- Booked to Acct # 460.5
12 601.1-6
13 601.7
't4 601.8
15 603
16 604
17 610
18 615-16
19 618
20 620.1-6
21 620.7-8
22 631-34
635
636
il1-42
650
656-s9
660
666
667
670
675
23
24
25
26
27
28
29
30
31
32
33
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
73
10,910
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Page 3
$ 436,313
Name: Capitol Water Corporation
INCOME STATEMENT
ACCT #
For Year Ended
DESCRIPTION
December 31 2020
1
2
3
4
5
6
7
I
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 42',1
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
$ 436,313
93,823
1,822
18,824
15,919
100
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
25,547
9,303
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 21 ,25,26, &271
Gross lncome (add lines 19 & 28)
lnterest Exp. on Long-Term Debt
Other lnterest Charges
NET INCOME (Line 29less lines 30 & 31) (Also Enter on Pg 9, Line 2)
$ 709,663
601 651
60,089
59
168,101
59
168,160
(682)
Rev 3/02 Page 4
$168.842
Name: CapitolWaterCorporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31,2020
#
SUB
ACCT
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
10
1 728
130
321 665
896
291 436
606
$st 981
848
472
173
1 301
2 302
3 303
4 304
5 305
6 306
7 307
8 308
I 309
10 310
11 311
12 320
13 330
14 331
15 333
16 334
't7 335
18 336
19 339
20 340
2't 341
22 342
23 343
24 344
25 345
26 346
27 U7
28 348
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)
$34 717
928 928
404 4M
$ 3,623,791 $ 153,168 $ 49,569 $ 3,727,390
40
$ soz
195
728
896
291 436
606
443
130
037 521
1
1
1
1
1
839
000
87
181
194
$
29
Enter beginning & end of year totals on Pg 7, Line 1
$ 13,785
$ gslzq
$ 1,302
$ 1,538
5.718$
$ 23.300
6,387$
$38s
$ t,t te
$ 76.414 $ 3s.784
$ 1,288
Rev 3/02 Page 5
Name: CapitolWaterCorporation
ACCUMULATED DEPRECIATION ACCOUNT 1 08. 1 DETAI L
ForYear Ended December 31,2O2O
SUB
ACCT #
Depreciation
Rate
ol/o
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
1 304
2 305
3 306
4 307
s 308
6 309
7 310
8 311
9 320
10 330
11 331
12 333
13 334
14 335
15 336
16 339
17 340
18 341
19 342
20 343
21 3M
22 345
23 346
24 347
25 348
26
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)
1
631
5
954
899
195
'l
1
1
1
250
102
200
12
74
11
12
123 757 g47 93
Enter beginning & end of year totals on Pg 7, Line 7
$ 124.87s $ 126.506
2,447$$2,452
$ 245,287 $ 251241
$ 1.1't9.022 $ 1.134.921
1,265$1,460$
$ 205,450 $ 212,311
$ 22.229 $ 22,479
2.189$$ 4,232
$ 16.047 $ 17.149
$ 693.430 $ 721.786
$ 103,679 $ 105,939
517$717$
$6 18$
$ 29.153 $ go,+zo
$ 70.684 $ 96.970
$ 26.813 $ za,zaz
916$$927
114$'126$
Rev 3/02 Page 6
Name: Capitol WaterCorporation
BALANCE SHEET
For Year Ended December 31, 2020
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
1
2
3
4
5
6
7
8
I
ACCT #
101
102
10s
105
114
108.1
108.2
108.3
10 110.1
11 110.2
12 115
13
14 123
15 125
16
17 131
18 135
19 '.t41
142
145
151
162
173
143
181
183
184
186
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 CIhers
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
Totallnvestments (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
Tota! Assets (Add lines 13, 16 & 26 - 30)
3 791
3
2
791
190
1
71 757
937 31 u2
107 $762
2 722
131 $57
$ 1,069,010 $ 1,158,748 $89,738
4421
$
20
21
22
23
24
25
26
27
28
29
30
31
3,727,390
$ 3.727.390
$ 2.757.947
$ 969,443
$ 167,799
$ 21.506
$
$ 189,30s
Rev 3/02 Page 7
Name: Capitol Water Cqrpqqltqn
BALANCE SHEET
For Year Ended December 31, 2020
1
2
3
4
5
6
7
I
I
10
11
12
l3
1.4
15
16
17
18
19
20
21
22
23
24
.25
26
27
28
29
30
31
LIABILITIES & CAPITAL
ACCT # DESCRIPTION
201-3 Common Stock
20/,-G Preferred Stock
207-13 Miscellaneous Capital Accounts
214 AppropriatedRetainedEarnings
215 UnappropriatedRetainedEarnings
216 Reacquired Capital Stock
218 Proprietary Capital
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
TOTAL
$
Balance
Beginning
of Year
1
777 17
8'l
000
$523
$ 121 679
145
393
$t 0'to
Balance
End of
Year
lncrease
or
194
28
125
31
17 186
$ 89,738
552
5527Total Equity Capital (Add Lines 1-5+7 less line 6)
Bonds
Advances from Associated Companies
Other Long - Term Debt
Accounts Payable
Notes Payablet,...
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 for 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 8 & 30)
** Only if Commission Approved
1
$ 10.000
$ 29,200
$ 849.969
$ 889.169
5,000$
$ t,t'tt
$ 5,307
$ 15.400
$ 246,884
$ 132,843
$ (143.s72)
$ 269.579
$ 1,158,748
Rev 3/02 Page 8
Name: CapitolWaterCorporation
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 DETAL
7 Descriotion Par Value etc.)
Common Stock
DETAIL OF LONG.TERM DEBT
STATEMENT OF RETAINED EARNINGS
For Year Ended December 31, 2020
No. Shares
Authorized
250
$ 777,417
168,842
(84,584)
(11,7041
$ 849,971
No. Shares
lnterest
Paid
Dividends
Paid
lnterest
Accrued
84 .00
8 Descri
Advances for Construction
Debentures
Note- R. Price
Note-iil
Note- B of A
lnterest
Rate
Year-end
Balance
100
I\UA None
10%s,000.00 500.00
9/"0.00
7.87Yo 0.00 0.00
7.25o/o 0.00 0.00
Rev 3/02 Page 9
Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
For Year Ended December 31 2020
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
or location
Well#1
Well#2 -
Well#3
Well#4
Well#5 - redrilled in 2002
Well#6
Well#7
Rated
Capacity
Total
Capacity
0O0's
Fluoride
Filter etc.
Usable
Capacity
00O's
Annual
Production
Type of
Reservoir
(Elevated,Pres-
Pressurized Steel
Water
Supply
Source
(Well, Spring,
Construction
(Wood, Steel
Gal.Surface
Well
Well
Well
Well
Well
Well
Well
3 System Storage:
or Location
Well#1
Well#2
Well#3
Well#4
Well#5
Well#6
Well#7
(Duplicate form and attach if necessary. Asterisk facillties added this year.)
350 Phosohate
450 None
350 Phosphate
2000 Phosohate
1500 Phosohate
1500 ASR
1500 Phosphate
1s00
Rev 3/02 Page 10
Name: Capitol Water Corporation
4 Pump information for ALL system pumps, including wells and boosters
Designation or Location
&
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31,2020
Horse
Power
Rated
Capacity
Discharge
Pressure
Energy
Used
This Yearol
Well#1
Well#2- i rative
Well#3
Well#4
Well#5
Well#6
Well#7
** Submit pump curves unless previously provided or unavailable. Asterisk
Attach additional sheets if inade-quate space is available on this page.
lf Wells are metered:
What was the totalamount pumped this year?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
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?
I 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 proiects and anticipated costs!
11 ln what year do you anticipate that the system capacity (supply, storage or distribution)
willhave to be expanded?
added this year
5
M5,911,000
104,271,OOO
4,384,000
N/A
Yes
lncluded
Daily
Jan to Dec
Unknown
Unknown
No
30 3s0 70
25
100 350 70
200 2000 60
150 1500 75
150 1500 70
751501500
Rev 3/02 Page 11
Unknown
Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
ForYear Ended December 31,2O2O
FEET OF MAINS
1 Pipe
Size
ln Use
Beginning
Of Year
This
Year
lnstalled
During
Year
Last
Year
Abandoned
During
Year
This
Year
ln Use
End of
Year
1
1112"
Residential
Commercial
lndustrial
Residential
Commercial
lndustrial
4 Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
600
7
23 740
76 4
42 76s
193
8
290
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
4u
o
8"
1z',
314
10"
2',
Metered
Flat Rate
600
7 966
740
874
765
380
193
8il
290
Last
Year
2
2A
28
2C
3
3A
3B
3C
0
0
27
5
6
7
8
180
2975 0
269
2466
0
0
26
180
2941 0
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
State of ldaho
Countv of *dru
Subscribed and to Before Me
CERTIFICATE
It ru'
)
)
)
SS
WE, thE
an
of
utility, on our 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.
//rh{ 4*-
th g
PUBLIC
\-rA4
(Chief Officer)
(Officer in Oharge of Accounts)
My commission Expires ,St Fhmb n 11 , ?-.^ '
Rev 3/02 Page 13
gd Uexcel4nelsorvanul rpts^i/trannual rpt