2001Annual Report.pdf

ANNUAL R EPÖRK
OF
E AG L£w AT CourmV Tue.
NAME
94 A EAGLE RoAo ,£AGCG',romo W4/4
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED oscas**si,2001
Members
American Institute of Certified Public Accountants
Morris W.Grigg,CPA,CVA Idaho Society of Certified Public Accountants
Thomas J.Ritter,MS,CPA
C.Dean Graham,MBA,CPA
August 2,2002
To the Board of Directors
Eagle Water Company,Inc.
Eagle,Idaho 83616
Gentlemen,
I have compiled the accompanyingBalance Sheet of Eagle Water Company,Inc.(a
corporation)as of December 31,2001 and the related Statement of Income and Retained
Earnings,and supporting schedules for the year then ended included in the accompanying
prescribed form in accordance with standards established by the American Institute of
Certified Public Accountants.
My compilation was limited to presenting in the form prescribed by the Idaho Public
Utilities Commission information that is the representation of management.I have not
audited or reviewed the financial statements referred to above and,accordingly,do not
express an opinion or any other form of assurance on them.
These financial statements are presented in accordance with the requirements of the Idaho
Public Utilities Commission,which differ from generally accepted accounting principles.
Accordingly,these statements are not designed for those who are not informed about
such differences.
Yours very truly,
C.Dean Graham,CPA
4487 N.Dresden Place,Suite 101 Boise,Idaho 83714 Phone [phone] Fax [phone]
ANNUAL REPORTFOR WATER UTILITIESTO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 21,2001
COMPANYINFORMATION
1 Give full name of utility Eagle Water Co.,Inc.
2 Date of Organization 3/14/74
3 Organizedunder the laws of the state of Idaho
4 Address of Principal Office (number&street)846 N.Eagle Rd.
5 P.O.Box (if applicable)P.O.Box 455
6 City Eagle
7 State Idaho
8 Zip Code 83616
9 Organization(proprietor,partnership,corp.)Corporation
10 Towns,Countiesserved Eagle,Ada County,Idaho
11 Are there any affiliated companies?N/A
If yes,attach a list with names,addresses &descriptions.Explain any services
provided to the utility.
12 Contact Information Name Phone No.
President (Owner)Robert V.DeShazo,Jr.939-0242
Vice President Rowland Jones
Secretary Betty Holt
GeneralManager Norman Revels
Complaintsor Billing Betty Holt
Engineering Jim Rees MTC Engineers 345-0780
Emergency Service Norman Revels 939-0242
Accounting Bett y Holt 939-0242 Dean Graham 939-0021
13 Were any water systems acquired during the year or any additions/deletionsmade
to the service area during the year?No
if yes,attach a list with names,addresses &descriptions.Explain any servicesprovidedtotheutility.
14 Where are the Company's books and records kept?
Street Address 846 N.Eagle Rd
City Eaglre
State Idaho
Zip 83616
Rev 8/01
NAME:EAGLE WATER CO.,INC.
COMPANY INFORMATION(Cont.)
For the Year Ended 2001
15 Is the system operatedor maintained under a
senrice contract?N/A
16 If yes:With whom is the contract?
When does the contract expire?
What servicesand rates are included?
17 Is water purchased for resale through the system?N/A
18 If yes:Name of Organization
Name of owner or operator
Mailing Address
City
State
Zip
Gallons/CCF $Amount
Water Purchased
19 Has any system(s)been disapproved by the
Idaho Departmentof EnvironmentalQuality?No
If yes,attach full explanation
20 Has the Idaho Departmentof EnvironmentalQuality
recommendedany improvements?No
if yes,attach full explanation
21 Numberof Complaintsreceived during year concerning:
Quality of Service
High Bills
Disconnection
22 Number of Customersinvoluntarily disconnected
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?July
Attach a copy of the Summary
24 Did significant additions or retirementsfrom the
Plant Accounts occur during the year?
If yes,attach full explanation
and an updated system map
Rev8/01
NAME:EAGLE WATER CO.,INC.
REVENUE &EXPENSE DETAIL
For the Year Ended /1-1)-2001
ACCT#DESCRIPTION
400 REVENUES
1 460 UnmeteredWater Revenue
2 461.1 Metered Sales -Residential W \f79
3 461.2 MeteredSales -Commercial,Industrial 9 l)tb
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines 1 -7)O f Ÿ $
(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separatelyto customers Booked to Acct #
10 **Hookup or ConnectionFees Collected 1/9,93)Booked to Acct #13 j
11 ***CommissionApprovedSurchargesCollected Booked to Acct #
401 OPERATING EXPENSES
12 601.1-6 Labor -Operation&Maintenance ½9,i
4~1
13 601.7 Labor -CustomerAccounts 12,9 \\
14 601.8 Labor -Administrative&General n £3 I
15 603 Salaries,Officers&Directors I l,få 9
16 604 Employee Pensions &Benefits i 4 3 3 4
17 610 Purchased Water
18 615-16 Purchased Power &Fuel for Power SS,St]
19 618 Chemicals
20 620.1-6 Materials &Supplies -Operation &Maint.I 2.4 Ÿ $
21 620.7-8 Materials &Supplies -Administrative &General 9,bz'?
22 631-34 Contract Services-Professional 30 GL
23 635 Contract Services-Water Testing
24 636 Contract Services -Other
25 641-42 Rentals -Property &Equipment
26 650 TransportationExpense 4,24/
27 656-59 Insurance 17,1 6
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 ,RegulatoryComm.Exp.(Otherexcept taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous 97f
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)3 ,0/2
Rev8/01 sŒG Accoopr y commt.años NetoT~
Name:EAGLE WATER CO.«INC.
INCOME STATEMENT
For Year Ended /HI -2001ACCT#DESCRIPTION
1 Revenue(From Page 3,line 8)54 1
2 Operating Expenses (From Page 3,line 33)3 ff ,oli
3 403 DepreciationExpense 97Q3O
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other
6 408.10 RegulatoryFees (PUC)
7 408.11 PropertyTaxes i t (fy
8 408.12 Payroll Taxes 19,foo
9A 408.13 Other Taxes (list)DEQ Fees
9B
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes
12 410.10 Provisionfor Deferred Income Tax -Federal
13 410.11 Provisionfor DeferredIncome Tax -State
14 411 Provisionfor Deferred Utility Income Tax Credits
15 412 InvestmentTax Credits -Utility
16 Total Expenses from operations before interest (add lines 2-15)447,10 f
17 413 Income From Utility Plant Leased to Others
18 414 Gains (Losses)From Disposition of Utility Plant
19 Net Operating Income (Add lines 1,17&18 less line 16)77,090
20 415 Revenues,MerchandizingJobbingand ContractWork
21 416 Expenses,Merchandizing,Jobbing &Contracts
22 419 Interest &DividendIncome
23 420 Allowancefor Funds used During Construction
24 421 MiscellaneousNon-Utility Income
25 426 MiscellaneousNon-Utility Expense
26 408.20 Other Taxes,Non-UtilityOperations
27 409-20 Income Taxes,Non-UtilityOperations
28 Net Non-UtilityIncome (Add lines 20,22,23 &24 less lines 21,25,26,&27)4 929GrossIncome(add lines 19 &28)27,A 930427.3 Interest Exp.on Long-TermDebt
i 3,i2o
31 427.5 Other Interest Charges 16
32 NET INCOME (Line 29 less lines 30 &31)(Also Enter on Pg 9,Line 2)7 3Á7f
Rev 8/01
Name:EAGLE WATER CO.,INC.
ACCUMULATED DEPRECIATIONACCOUNT 108.1 DETAIL
For Year Ended I -2001
Depreciation Balance Balance IncreaseSUBRateBeginningEndoforACCT#DESCRIPTION %of Year Year (Decrease)
1 304 Structures and Improvements ,,429 ,7 6 9 2.Fo
2 305 Collecting&ImpoundingReservoirs
3 306 Lake,River &Other Intakes
4 307 Wells C/P /9 7 (1,1 0 7 9.1 3 ¡
5 308 Infiltration Galleries &Tunnels
6 309 Supply Mains i L7f I,9 n.L/1
7 310 PowerGenerationEquipment IS ut 2.o,eh /oft
8 311 Power Pumping Equipment 39 /30 MI,/to it,39 o
9 320 PurificationSystems
10 330 Distribution Reservoirs &Standpipes 44 991 96,362 (,331
11 331 Trans.&Distrib.Mains &Accessories to I,St i 117,wel is,WL
12 333 Services
13 334 Meters and Meter Installations Sr.y 95'i t,os r 1 (oo
14 335 Hydrants ~17
i 7 ob 3 t'
15 336 Backflow PreventionDevices
16 339 Other Plant &Misc.Equipment
17 340 Office Furnitureand Equipment G,44>10,N I ß,LS 5
18 341 Transportation Equipment 4/o3 f.O29 3,19 (
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment f,o 4 i 4,9 V I 1,94 o
21 344 Laboratory Equipment
22 345 Power OperatedEquipment
23 346 Communications Equipment
24 347 Miscellaneous Equipment 1-211
25 348 Other Tangible Property
26 TOTALS(AddLines1-25)lib.bif 33ÚV2/SLUS
Enter beginning&end of year totals on Pg 7,Line 7
5€E AccouvY dors Comercar,en Are r~
Rev 8/01
Name:EAGLE WATER CO.,INC.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended Mi 2001
Balance Added Removed BalanceSUBBeginningDuringDuringEndof
1
ACCT#OrganizationDESCRIPTIONofYe5a/r Year Year Year
2 302 Franchises and Consents
3 303 Land &Land Rights 16
,39 6 (t ,b¾)()19,too
4 304 Structures and Improvements i (i s 9 i t'sq 9
5 305 Collecting&ImpoundingReservoirs yg a er W,orf
6 306 Lake,River &Other Intakes
7 307 Wells 389,6oo i LoW 3¶f,393
8 308 InfiltrationGalleries &Tunnels
9 309 Supply Mains
10 310 PowerGenerationEquipment 2.o,13 6 B.Mb
11 311 Power Pumping Equipment 7,teg JF,f49
12 320 Purification Systems
13 330 Distribution Reservoirs&Standpipes
14 331 Trans.&Distrib.Mains &Accessories 9 GS,I2L i Uti I CO I 976,033
15 333 Services
16 334 Meters and Meter Installations I N,656 19,no tíØLb
17 335 Hydrants s zoo 4 loo
18 336 BackflowPreventionDevices
19 339 Other Plant &Misc.Equipment
20 340 Office Furnitureand Equipment if L¾(5,LA b '
21 341 Transportation Equipment i5 67f 1,too L,I 7f
22 342 Stores Equipment
23 343 Tools,Shop and Garage Equipment 9,fif>L,4 I 9 11,for
24 344 Laboratonj Equipment
25 345 Power OperatedEquipment
26 346 CommunicationsEquipment
27 347 Miscellaneous Equipment 2.,LR I 1,1.9)
28 348 OtherTangible Property
29 TOTAL PLANTIN SERVICE 939,VM 40,TO \,220xy
(Add lines 1 -28)Enter beginning&end of year totals on Pg 7,Line 1
Rev 8/01
Name:EAGLE WATER CO·r INC.
BALANCE SHEET
For Year Ended 4-62001
ASSETS Balance Balance Increase
Beginning End of orACCT#DESCRIPTION of Year Year (Decrease)
i 101 Utility Plant in Service (From Pg 5,Line 29)\,F39,W 7 ·
\,
790 ,2.7f 4ò,9 z.2
2 102 Utility Plant Leased to Others
3 103 Plant Held for Future Use
4 105 ConstructionWork in Progress
5 114 Utility Plant Aquisition Adjustment
6 Subtotal (Add Lines 1 -5)¡,gs9 ge I,72o of wo,yty
7 108.1 AccumulatedDepreciation(From Pg 6,Line 26)2B,LSJ'A3f,9 I'=NS.-;so
8 108.2 Accum.Depr.-Utility Plant Lease to Others
9 108.3 Accum.Depr.-Property Held for Future Use
10 110.1 Accum.Amort.-Utility Plant in Service
11 110.2 Accum.Amort.-Utility Plant Lease to Others
12 115 AccumulatedAmortization -Aquisition Adj.
13 Net Utility Plant (Line 6 less lines 7 -12)I,ff2.,~1JL t.;,9fo /'i,9ct
14 123 investment in Subsidiaries
15 125 Other Investments
16 Total Investments(Add lines 14 &15)
17 131 Cash 23,2W 21,069-(Li,Lu.,
18 135 Short Term Investments
19 141 Accts/Notes Receivable-Customers ;o.712.Eqif ((,s'oy )
20 142 Other Receivables -?E'"'**go,sn 32.,990 -ž.o75
21 145 Receivablesfrom Associated Companies
22 151 Materials &Supplies Inventory
23 162 Prepaid Expenses
|24 173 Unbilled (Accrued)Utility Revenue
25 143 Provision for UncollectableAccounts
26 Total Current (Add lines 17 -24 less line 25)i 14,O3 64,S 3 ED.160
27 181 UnamortizedDebt Discount &Expense
28 183 PreliminarySurvey &Investigation Charges
31 Total Assets (Add lines 13,16 &26 -30)th if,I4 i L 9 9 ¯1,713 3 /
Rev 8/01
Name:EAGLE WATER CO.,INC.
BALANCE SHEET
For Year Ended INI-2001
LIABILITIES &CAPITAL Balance Balance IncreaseBeginningEndoforACCT#DESCRIPTION of Year Year (Decrease)
i 201-3 Common Stock zo,ooo .lo,oo o
2 204-6 Preferred Stock
3 207-13 MiscellaneousCapital Accounts -?mo o w,ye R 7 oL 6 3,so 1--
4 214 AppropriatedRetained Earnings
5 215 UnappropriatedRetained Earnings %4,i Zo /3 7,8ÍT ,I 6,f
6 216 ReacquiredCapital Stock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)n.Z -GLI,£Íl 73,i ¡í
9 221-2 Bonds
10 223 Advancesfrom Associated Companies
11 224 Other Long -Term Debt
,o94 49Á3D /A,/>'l
12 231 Accounts Payable 3L el O 4 H,e 9 I
13 232 Notes Payable -Sans orma.:é i,a f I (3,769 <'NA o)
14 233 Accounts Payable -Associated Companies
15 235 CustomerDeposits (Refundable)
16 236.11 Accrued Other Taxes Payable -Peau =× 9.0 i a ,/47 21.93
17 236.12 Accrued income Taxes Payable
18 236.2 Accrued Taxes -Non-Utility
19 237-40 Accrued Debt,Interest &Dividends Payable 8012 £92f ffi
20 241 Misc.Current&Accrued Liabilities
21 251 UnamortizedDebt Premium
22 252 Advances for Construction
23 253 Other DeferredLiabilities
24 255.1 Accumulated InvestmentTax Credits -Utility
25 255.2 Accum.InvestmentTax Credits -Non-Utility
26 261-5 Operating Reserves
27 271 Contributionsin Aid of Construction i.9 u,GF 1,iro 2.9 1i;sy9
28 272 Accum.Amort.of Contrib.in Aid of Const.**
29 281-3 AccumulatedDeferred Income Taxes
30 Total Liabilities (Add lines 9 -29 1,i 31 ub &6 .Ob L32,17o
31 TOTAL LIAB &CAPITAL (Add lines 8 &30)last,H'S L î9~l,ss3 3;1.647
**Only if Commission Approved
Rev 8/01
Name:EAGLE WATER CO.,INC.
STATEMENTOF RETAINED EARNINGS
For Year Ended /*2001
1 Retained Earnings Balance @ Beginningof Year 4 W iro
2 AmountAdded from Current Year Income (From Pg 4,Line 32)73,6 7f
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributionsof Retained Earnings
6 Retained Earnings Balance @ End of Year s'3,2/(
CAPITAL STOCK DETAIL
No.Shares No.Shares Dividends
7 Description (Class,Par Value etc.)Authorized Outstanding Paid
ÛQMMO O 20,OOO 2-0,000 ·
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Rev 8/01
Name:EAGLE WATER CO.,INC.
SYSTEMENGilNEERINGDATA
(continued)
ForYearEnded 2001
FEETOFMAINS
In Use Installed Abandoned in Use
1 Pipe Beginning During During EndofSizeOfYearYearYearYear
16"8,160 2860 0 11,020
2"1,601 0 0 1,6014"8,134 740 0 8,874¯
6"39,926 930 0 40,856
8"108,664 6,360 0 115,024
10"20 0 0 20
12"63,042 4,301 0 67,072
CUSTOMERSTATISTICS
Numberof Customers Thousands of Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential 2352 2099 536,223,992 526,803,678
28 Commercial 184 172 105,620,008 111,741,322
2C Industria!0 0 0 0
3 FlatRate:
3A Residential None
3B Commercial 1
3C Industrial None
4 PrivateFireProtection
5 PublicFireProtection
6 Street Sprinkling
7 Municipal,Other
8 Other Water Utilities
TOTALS(Addlines2through8)
Rev8/01
Name:EAGLE WATER CO.,INC.
SYSTEM ENGINEERINGDATA
For Year Ended 2001
1 Provide an updatedsystem map if significant changes have been made to the system during the year.
2 Water Supply:Type of Water
Treatment:Supply
Rated (None,Chlorine Annual Source
Capacity Fluoride Production (Well,Spring,Pump Designationor location (gpm)Filter etc.)(000's Gal.)Surface Wtr)
#1 600 gpm None Well
#2 400 gym None Well
#3 400 gym None Well
#4 Ja a up None Well
#6 m a OUP None Well
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated,Pres-(Wood,SteelStorageDesignationorLocationGal.Gal.urized,Boosted)Concrete)
W/H #2 90,000 90,000 Boosted Concrete
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
Rev 8/01
Name:EAGLE WATER CO.,INC.
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 2001
4 Pump informationfor ALL system pumps,including wells and boosters.
Rated Discharge EnergyDesignationorLocationHorseCapacityPressureUsed
&Type of Pump**Power (gpm)(psi)This Year
W/H #1 Sub Berkley 50 600
W/H #2 Sub Berkle ý 20 400
W/H #3 Sub Berkley 20 400
W/H #4 Layne &Bowler variabie250 up to 2500
W/H #6 La ýne &Bowler variable 250 up to 2500
W/H #2 Pacific 25 450
W/H #2 Pacific 15 220
W/H #2 Pacific 25 450
**Submit pump curves unless previouslyprovided or unavailable.Asterisk facilities added this year.Attach additional sheets if inadequate space is available on this page.
5 If Wells are metered:
What was the total amount pumped this year?641,844,000
What was the total amount pumpedduring peak month?Aug.107,640,000
What was the total amount pumped on the peak day?29 July 01 3,917,000
6 If customers are metered,what was the total amount sold in peak month?
7 Was your system designed to supply fire flows?Yes
If Yes:What is current system rating?4
8 How many times were meters read this year?12
During which months?Jan.Feb.Mar.Apr.May Jun.Jul.
Sept.Oct.Nov.Dec.
9 How many additional customers could be served with no system improvements
except a service line and meter?100
How many of those potential additions are vacant lots?
10 Are backboneplant additions anticipatedduring the coming year?Yes
If Yes,attach an explanation of projects and anticipated costs!
Storage Tank &New Well
11 In what year do you anticipate that the system capacity (supply,storage or distribution)will have to be expanded?2003
CERTIFICATE
State of Idaho )
)ss
County of Àþ4 )
WE,the undersigned 0 66ZT D ihad ,fr
and ikyy McLT
of the Œµ£LM (p Aryg destaa T'oc ,
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
declarethe 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,informationand belief.
(Chief Officer)
(O r in Cha e f Accounts)
TARY PUBLIC ..**'
My Commission Expires 00&
gdklexcel/jnelsonlanulrpts/wtrannualrpt
Rev 8/01