2021Annual Report.pdf

CNP-W
A]YIYUAL REPORT
OF
Capitol Water Gorporation
2626 Eldorado St.
Boise, ID 83704
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2021
I ',r"!
:..,'
i'\-r
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COLES
REINSTEN
Accounting & Consulting Dennis R. Reinstein, CPA,/ABV ASA. CVA
5. Jason Coles, MBA, CPA,/PFS
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 December 3I, 2021 and the related statements of income and reained
earnings for the year then ended in the accompanying prescribd form of the Idatro 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 Idatro 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.Idatro Public Utilities Commission, which dffier from accounting principles
generally accepted in the United States of America.
n -L.Ke-,wa4a-Pt-t- c(
April26,2A2
Member af Arnerican lnstitute of Certified Public Acccuntants anct l.daho Sociefy of Certified Pttblic Accountants
Unirzersity Plaza, 960 Broadr,vay Ave., Suite.1l5 Boise. lD 83706 T 2OB 345.235C F 208.344.3019
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31,2021
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
AprilT, 1959
ldaho
2626 Eldorado
Boise
ldaho
83704
Corporation
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
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 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
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
375-0931
375-0931
345-2350
Rev 3/02
Zip
Page 1
NAME: Capitol Water Corporation
COMPANY INFORMATION (Cont.)
For the Year Ended December 31 2021
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 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 31.21.0'1.701?
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
4
0
0
4
'l-Dec-21
No
Rev 3/02 Page 2
NAME: Capitol Water Corporation
REVENUE & EXPENSE DETAIL
For the Year Ended
DESCRIPTION
December 31 2021
ACCT #
4(x) 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 4U Other Water Sales Revenue
6 465 lrrigation Sales Revenue
7 466 Sales for Resale
8 400 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
18 615-16 Purchased Power & Fuel for Power
19 618 Chemicals
$ 576,799
132,063
50,976
83,692
69,562
58,BOO
29,334
88,759
25,517
6,353
20,724
19,685
8,461
7 151
8,483
919
13,505
$ 759,838
Booked to Acct #
Booked to Acct #
- Booked to Acct # 460.5
20
21
22
23
24
25
26
27
28
29
30
31
32
33
620.1-6
620.7-8
631-34
635
636
641-42
650
656-59
660
666
667
670
675
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
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
Rev 3/02 Page 3
$ 440,945
Name: Capitol WaterCorporation
INCOME STATEMENT
For Year Ended
DESCRIPTION
December 31 2021
ACCT #
1
2
3
4
5
6
7
B
403
406
407
408.10
408.11
408.12
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
$ 440,945
81,524
1,486
9,849
16,615
294
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
34,219
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 I ncome
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, &27)
Gross lncome (add lines 19 & 28)
lnterest Exp. on Long-Term Debt
Other Interest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
$ 759,838
596,273
0
222
9B
T;:
Il?
12tt;
Il:
17lt;
20
121
22
t;1
25
12627
I;Z
30l:l
I
I
I
9A 408.13
409.10
409.11
410.10
410.11
411
412
413
414
1'1 341
415
416
419
420
421
426
408.20
409-20
427.3
427.5
'163,565
222
163 787
77
Rev 3/02 Page 4
$163,710
Name: Capitol Water Corporation
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31 2021
SUB
ACCT #
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
Year
4
366
825
000
529
93
824
40lt::l
I i::;
5 305r i:::
I 308
le3oe10 310I l:;;
13 330
I 14 331
15 333t :?:::
18 336l;ffi
I ;::::
23 343I ;::t:I ;:::?
28 348
l2s
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)
$ 3,727,390 $ 55,637 $
$
$t
584
969
1 410
728
452
130
321 66s
896
291 436
606
51 981
848
821
226
000
472
293
1
717
928
404
$1
3
10
147 166
2
777
291
981
$t
$51
1
1
1
132
928
404
$ 3.783.027
Enter beginning & end of year totals on Pg 7, Line 1
$438
$944
9,112$
$527
$ 39,545
$599
$57
4.415$
Rev 3/02 Page 5
Name: Capitol Water Corporation
ACCU MULATED DE PRECIATION ACCOUNT 1 08. 1 DETAI L
For Year Ended December 31, 2021
SUB
ACCT #DESCRIPTION
Structures and I mprovements
Collecting & lmpounding Fleservoirs
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
TOTALS (Add Lines 1 - 25)
or
sB0
1
208
6
244
2
$19s1
27
2 151
200
$1
17 724
$796
757 7 471
Enter beginning & end of year totals on Pg 7, Line 7
Depreciation
Rate
o/lo
Balance
Beginning
of Year
Balance
End of
Year
lncrease
1 304
2 305
3 306
4 307
5 308
6 309
7 310
B 311
9 320
10 330
11 331
12 333
13 334
't4 335
15 336
16 339
17 340
18 341
19 342
76
20
20
21
22
23
24
25
26
343
344
345
346
347
348 12
B1 524
s 126,506 $ 128.086
$2,452 $2,452
$ 251.241 $ 256.550
$ 1,134,921 $ 1,148,497
$ 1,460 $ t,ooa
$ 212.311 $ 219.171
$ 22,479 $ 22.723
$ q,zsz $6,293
$ 17,149 $ 18,344
$ 721.786 $ 749.354
$ 105.939 $ 108.090
717$9'17$
1B$$3B
S 30,426 $ 31,446
$ 96.970 $ 114.694
$ 28,287 $ 30,083
927$927$
126$138
Rev 3/02 Page 6
Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31 2021
ACCT #
ASSETS
DESCRIPTION
Utility Plant in Service (From Pg 5, Line 29)
Utility Plant Leased to Others
Plant Held for Future Use
Construction Work in Progress
Utility Plant Aquisition Adjustment
Subtotal (Add Lines 1 - 5)
Accumulated Depreciation (From Pg 6, Line 26)
Accum. Depr. - Utility Plant Lease to Others
Accum. Depr. - Property Held for Future Use
Accum. Amort. - Utility Plant in Service
Accum. Amort. - Utility Plant Lease to Others
Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6less lines 7 - 12)
lnvestment in Subsidiaries
Other Investments
Total lnvestments (Add lines 14 & 15)
Cash
Short Term lnvestments
Accts/Notes Receivable - Customers
Other Receivables
Receivables f rom Associated Companies
Materials & Supplies lnventory
Prepaid Expenses
Unbilled (Accrued) Utility Revenue
Provision for Uncollectable Accounts
Total Current (Add lines 17 -24 less line 25)
Unamortized Debt Discount & Expense
Preliminary Survey & lnvestigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)$ 1,158,748 $ 1,284,152 $ 125,404
Balance
Beginning
of Year
727 390
727 390
$757 947
$
167 799
21 506
Balance
End of
Year
lncrease
or
55
81
151
1
2
3
4
5
6
7
8
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
131
135
14'l
142
145
151
162
173
143
101
102
103
105
1't4
$
$
23
25
108.'l
108.2
108.3
110.1
110.2
115
181
183
184
186
925
694
1 305
3.783.O27
$ 3,783,027
$ 2,839,471
$ 943.556
$ 321.724
$ 16,178
2.694$
$ 340.s96
Rev 3/02 Page 7
ACCT #
1 201-3
2 204-6
3 207-13
4 2'14
5 215
6 216
7 218
I
I 221-2
10 223
11 224
12 231
13 232
14 233
15 235
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
3.I TOTAL
Name: Capitol Water Corporation
BALANCE SHEET
For Year Ended December 31,2021
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 (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 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
Balance
Beginning
of Year
10
849
$ aas 169
5
Balance
End of
Year
lncrease
or
Decrease
71 595
595$71
717
5
15
132
143
$ 1 ,158,748
7 $4
12
$33 718
$ 125,404
$
$
3
'l 000
200
921 564
764$
000
't 246
164$
27 480
602
468$t
1
3BB
$ 1,284,152
Rev 3/02 Page B
Name: Capitol Water Corporation
STATEMENT OF RETAINED EARNINGS
For Year Ended December 31 2021
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 Fletained Earnings Balance @ End of Year
CAPITAL STOCK DETAL
No. Shares
Authorized
$ 889,169
163,7't0
(84,584)
(7,531)
$ 960,764
No. Shares
Outstandi
lnterest
Paid
Dividends
Paid
584.00
Interest
Accrued
7 Description (Class, Par Value etc.)
Common Stock 250
DETAIL OF LONG.TERM DEBT
8
lnterest
Rate
Year-end
Balance
Advances for Construction
Debentures
Note- R. Price
Note-
Note- B of A
100
N/A None
'lOYo 5,000.00 500.00
9o/"0.00
7.87"/o 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, 2021
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
Purn ation location
Well #1
Well #2 - i rative
Well #3
Well #4
Well #5 - redrilled in 2OO2
Well #6
Well #7
Rated
Capacity
Total
Capacity
000's
Gal.
Fluoride
Filter etc.
Usable
Capacity
000's
Gal.
Annual
Production
Type of
Reservoir
(Elevated,Pres-
urized
Pressurized Steel
Water
Supply
Source
(Well, Spring,
Construction
(Wood, Steel
Concrete
Gal.Surface
Well
Well
Well
Well
Well
Well
Well
3 System Storage
nation 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
1500 ASR
't500 Phosphate
1500
Rev 3/02 Page 10
Name: Capitol Water Corporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31 2021
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location
&of Pum
Horse
Power
Rated
Capacity
Discharge
Pressure
Energy
Used
This Year
703,151 ,000
Well #1
Well #2-
Well #3
Well #4
Well #5
Well #6
Well#7
** Submit purnp curves unless previously provided or unavailable. Asterisk facilities added this year
Attach additional sheets if inadequate space is available on this page.
5 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?
104,471 ,000
4,392,000
6 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?
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 lols?
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?
N/A
7
8
Yes
lncluded
Daily
Jan to Dec
Unknown
Unknown
No
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 WaterCorporation
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31 2021
FEET OF MAINS
1 Pipe
Size
10"
314"
1',
1112',
2 Metered:
2A Residential
28 Commercial
2C lndustrial
600
7 966
740
4
42 765
2
193
918
290
CUSTOMER STATISTICS
This
Year
182
2985
Abandoned
During
Year
Thousands of Gallons Sold
This
Year
ln Use
Beginning
Of Year
lnstalled
During
Year
Last
Year
ln Use
End of
Year
2u
4"
o
8',
600
7 966
740
874
765
380
193
918
z9o
2',1
Last
Year
3
3A
3B
3C
Flat Rate:
Residential
Commercial
lndustrial
275
2498
0
0
30
5
6
7
B
4 Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
0
269
2499
0
0
27
180
2975 0
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
CERTIFICATE
State of ldaho
Countv of
SS
)
)
)
WE, the unde
of the Oa-oi*oI tvatar\
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 affajrs 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.
x/A^*1r."-
(Chief Officer)
,d&^//,*
Subscribed and Sworn to Before Me
th
NOTARY PUBLIC
?t2L
(Officer in Charge of Accounts)
My commission Expires 5e ffu nl , 11 ,Zo Zb
Rev 3/02 Page 13
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