2002Annual Report.pdf

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RECEIVED (L1FILED
2003 JUL 22 AM II:
ANNU AL RE fttJ#~H
~G/4.. ~Arr!;L... C&-fPP~y r"~~.
NAME
f'" ~M44 ~t;t.e -rP~.P3~ J&
ADDRESS
TO TH E
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED Q1E~,sa..-- J'I )C:SO 'z,.
IDAHO
PUBLIC UTiliTIEScommiSSion
Dirk Kempthorne, Governor
o. Box 83720, Boise, Idaho 83720-0074
Paul Kjellander, President
Marsha H. Smith, Commissioner
Dennis S. Hansen, Commissioner
June 27, 2003
C. Dean Graham
GRIGG, RITTER & ASSOCIATES, P.
4487 N. Dresden Place, Suite 101
Boise, ill 83714
Dear Mr. Graham:
I received your letter requesting an extension until July 30, 2003 to file the annual report
for Eagle Water Company.
Please be advised that your request to file the report by July 30, 2003 has been granted.
Sincerely,
::a::~e;l
Commission Secretary
Cc: Terri Carlock
Located at 472 West Washington Street, Boise , Idaho 83702
Telephone: [phone] Facsimile: [phone]
Morris W. Grigg, CPA, CVA
Thomas J. Ritter, MS, CPA
C. Dean Graham, MBA, CPA
Members
American Institute of Certified Public Accountants
Idaho Society of Certified Public Accountants
July 17 2003
To the Board of Directors
Eagle Water Company, Inc.
Eagle, Idaho 83616
Gentlemen
We have compiled the accompanying Balance Sheet of Eagle Water Company, Inc. (a
corporation) as of December 31 2002 and the Related Statement ofIncome and Retained
Earnings, and supporting schedules for the year then ended in the accompanying
prescribed form in accordance with standards established by the American Institute of
Certified Public Accountants.
Our compilation was limited to presenting in the form prescribed by the Idaho Public
Utilities Commission information that is the representation of management. We 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,
4'1 j?JJN
~~.
Grigg, Ritter & Associates, P.
4487 N. Dresden Place, Suite 101 . Boise, Idaho 83714. Phone [phone]. Fax [phone]
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 12-31-
11 Are there any affiliated companies?
If yes, attach a list with names, addresses & descriptions.
provided to the utility.
12 Contact Information
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?
If yes, attach a list with narnes, addresses & descriptions. Explain any services
provided to the utility.
14 Where are the Company s books and records kept?Street Address 846 N. Eagle Rd.
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
City
State
Zip
SEE
Rev 3/02
COMPANY INFORMATION
Ea~le Water Co., Inc.
14- 74
Idaho
846 N. Eagle Rd.
O. Box 455
Eagle
Idaho
83616
Corporation
Eagle, Ada County, Idaho
Explain any services
Name Phone No.
Robert V. DeShazo, Jr.939-0242
Rowland Jones
Betty Holt
Norman Revels
Betty Holt
Jim Rees MTC.Engineers 345-0780
Norman Revels 939-0242
Betty Holt 939-0242 Dean Graham 939-0021
Eaqle
Idaho
83616
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Page 1
NAME:EAGLE WATER CO., INC.
COMPANY INFORMATION (Cont.)
For the Year Ended 12-31-
15 Is the system operated or maintained under a
service contract?
16 If yes: With whom is the contract?
N/A
When does the contract expire?
What services and rates are included?
17 Is water purchased for resale through the system?
18 If yes: Name of Organization
Name of owner or operator
Mailing Address
City
State
Zip
N/A
Gallons/CCF $Amount
Water Purchased
19 Has any system(s) been disapproved by the
Idaho Division of Environmental Quality?
If yes , attach full explanation
20 Has the Idaho 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?
If yes, attach full explanation
and an updated system map
July
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Rev 3/02 Page 2
Metered Sales - Commercial , Industrial
Fire Protection Revenue
Other Water Sales Revenue
Irrigation Sales Revenue
Sales for Resale
Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
* DEQ Fees Billed separately to customers
10 .... Hookup or Connection Fees Collected
11 **.Commission Approved Surcharges Collected
NAME:
ACCT #
460
461.
461.
462
464
465
466
400
EAGLE WATER CO., INC.
REVENUE & EXPENSE DETAIL
For the Year Ended 12-31-
DESCRIPTION
400 REVENUES
Unmetered Water Revenue
Metered Sales - Residential ';/3 32..0
10 I , Q'11..
bl'::; 1. to'L
Booked to Acct #
Booked to Acct #
Booked to Acct #
\ '-\0 1 '11 '2. 71
401 OPERATING EXPENSES
601.6 Labor - Operation & Maintenance 31.OI:f
601.Labor - Customer Accounts 1s"I
, ~.()
601.Labor - Administrative & General 1.6 432.
603 Salaries , Officers & Directors 11,01 !
604 Employee Pensions & Benefits , 1'1 ~
610 Purchased Water
615-16 Purchased Power & Fuel for Power JIb '17
618 Chemicals
620.6 Materials & Supplies - Operation & Maint., 3~3
620.8 Materials & Supplies - Administrative & General \ "I , 1/.(
631-34 Contract Services - Professional :JOt , 1 to"
635 Contract Services - Water Testing
636 Contract Services - Other
641-Rentals - Property & Equipment
650 Transportation Expense .51.5
656-Insurance n 061
660 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)'-I1a'
670 Bad Debt Expense
675 Miscellaneous '131
Total Operating Expenses (Add lines 12 ., also enter on Pg 4, line 2)YOb J~'1
Rev 3/02
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Page 3
Name:
ACCT #
EAGLE WATER CO., INC.
INCOME STATEMENT
For Year Ended 12-31-
DESCRIPTION
403
406
407
6 408.
7 408.
8 408.
9A 408.
17 413
18 414
30 427.
31 427.
409.
409.
410.
410.
411
412
415
416
419
420
421
426
408.
409-
Rev 3/02
Revenue (From Page 3, line 8)
Operating Expenses (From Page 3, line 33)
Depreciation Expense
Amortization, Utility Plant Aquisition Adf
Amortization Exp. - Other
Regulatory Fees (PUC)
Property Taxes
Payroll Taxes
Other Taxes (list)
b!5l.
l\ob , 1
.('-\
4~, ';10
11..i:i'i
DEQ Fees
56\
"ic.Q
Federal Income Taxes
State Income Taxes
Provision for Deferred Income Tax - Federal
Provision for Deferred Income Tax - State
Provision for Deferred Utility Income Tax Credits
Investment Tax Credits - Utility
Total Expenses from operations before interest (add lines 2-15)
Income From Utility Plant Leased to Others
Gains (Losses) From Disposition of Utility Plant
Net Operating Income (Add lines 1 , 17 & 18 less line 16)
Revenues , Merchandizing Jobbing and Contract Work
Expenses , Merchandizing, Jobbing & Contracts
Interest & Dividend Income
Allowance for Funds used During Construction
Miscellaneous Non-Utility Income
Miscellaneous Non-Utility Expense
Other Taxes , Non-Utility Operations
Income Taxes, Non-Utility Operations
Net Non-Utility Income (Add lines 20 23 & 24 less lines 21 , & 27)
Gross Income (add lines 19 & 28)
Interest Exp. on Long-Term Debt
Other Interest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
( 1 "1.1.))
( Lj,--It.Jo.J)
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'10.$"
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320
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301 Organization l 3. gil I:). ~~1
302 Franchises and Consents
303 Land & Land Rights 11 JOb ("J
304 Structures and Improvements ,.( I '1 '1 rl 199
305 Collecting & Impounding Reservoirs Y$;OIS 't~,
306 Lake, River & Other Intakes
307 Wells "3 'if 1, 3~ 3 2. S.fo )..~l "i't3
308 Infiltration Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment "2.D . 'l. ~ 6 2..0,1.3 I:,
311 Power Pumping Equipment l'liJ SLf'1 I f!/? ..('-1 '1
320 Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories ~'Jo o33
q~'
o33
333 Services
334 Meters and Meter Installations 1(4 41.b 11 2-~'-I 111 1/0
335 Hydrants '"t, ~oo
'-/
1.-lJb
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment If J.'1b I.!. 21b
341 Transportation Equipment 2.-1. 175'.1.1 11I
342 Stores Equipment
343 Tools , Shop and Garage Equipment '1.;0..1', 2.to,(
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment 2. 1.'1 2.QI
348 Other Tangible Property
TOTAL PLANT IN SERVICE f) 2'ifo 'l7(1~.10Y l,1oo.lo~
Name:
SUB
ACCT #
Rev 3/02
EAGLE WATER CO., INC.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 12-31-
DESCRIPTION
Balance
Beginning
of Year
Added
During
Year
(Add lines 1 - 28)
Removed
During
Year
Balance
End of
Year
Enter beginning & end of year totals on Pg 7 , Line 1
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Name:EAGLE WATER CO., INC.
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 12-31-
SUB
Depreciation
Rate
Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
304 Structures and Improvements 76'-1 ()'-1'i lJ!
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells S"l ,1 ol b~ .1..t'~O \~ ~'3 1-
308 Infiltration Galleries & Tunnels
309 Supply Mains 132.., IQo '1.~g
310 Power Generation Equipment J.O 1.%.lD , 't3 b
311 Power Pumping Equipment "11, hI).53,YbS '-IS'
320 Purification Systems
330 Distribution Reservoirs & Standpipes !.f1.3b.8 Lfl.7-14 ~J b
331 Trans. & Distrib. Mains & Accessories "i 'fDl Jj..C\OIO 1/\ 1:,03
333 Services
334 Meters and Meter Installations II. 0 '1J /0../,110 IZt'
335 Hydrants 70b Ii'f 3-"-1
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment 3'-/-1 1,,043 211J 1-
341 Transportation Equipment "~S'ILIH ~ ;Y3J
342 Stores Equipment
343 Tools , Shop and Garage Equipment q.;J1 '1. I t~?, Ill.
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment 2-"2..'1 /'S7 Y-tJ1
348 Other Tangible Property
TOTALS (Add Lines 1 - 25)331: 42.1 ~"19J 3'1.,(.lf3,'110
Enter beginning & end of year totals on Pg 7, Line 7
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Rev 3/02 Page 6
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Name:EAGLE WATER CO., INC.
BALANCE SHEET
For Year Ended 12-31-
ASS ETS Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
101 Utility Plant in Service (From Pg 5, Line 29)I . ~ I?O 1- 7 i"
\ ,
joG 1-9 YJ'-I
102 Utility Plant Leased to Others
103 Plant Held for Future Use
105 Construction Work in Progress
114 Utility Plant Aquisition Adjustment
Subtotal (Add Lines 1 - 5)g~o 2. \,~oo IO~lCj nLJ
108.Accumulated Depreciation (From Pg 6. Line 26)355 "tLs s,'),31..('-l~ '110 .
108.Accum. Depr. - Utility Plant Lease to Others
108.Accum. Depr. - Property Held for Future Use
110.Accum. Amort. - Utility Plant in Service
110.Accum. Amort. - Utility Plant Lease to Others
115 Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - 12)S+1 "tfo I. l.o I li'i .24
123 Investment in Subsidiaries
125 Other Investments
Total Investments (Add lines 14 & 15)
131 Cash 2. La 6a--Ct;b bJ 3k~
135 Short Term Investments
141 Accts/Notes Receivable - Customers :if '1 IS" 11-(1- 1 8 ~o
142 Other Receivables -r i'A..,I~!.L (!.QvA.'cr",;32 't'i ~3.13cJ 1'-1'-1
145 Receivables from Associated Companies
151 Materials & Supplies Inventory
162 Prepaid Expenses
173 Unbilled (Accrued) Utility Revenue
143 Provision for Un collectable Accounts
Total Current (Add lines 17 -24 less line 25)63."\7:3 t..J 4bs' qD '-1'11.-
181 Unamortized Debt Discount & Expense
183 Preliminary Survey & Investigation Charges
184 Qeferred Rate Casc Expenses - p.1~- ,:;:, v , PG$!-'i1W
:;.;;.
3 L./ .50 '-l 3&..,'JoLj
186 Other Deferred Charges ALii. '::o...t..TQ.uc.."oJ-J I. '! ('-I. 'fl.f..,f3
(" '-/-,...
I Jill-,oa 1
Total Assets (Add lines 13, 16 & 26 - 30)1.,9 n , 11 3 l'fb Isl:.1'18, ~b~
S6.E Ac.c.C0 ,.J'A.'\~
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Rev 3/02 Page 7
Name:EAGLE WATER CO. INC.
For Year Ended
LIABILITIES & CAPITAL
BALANCE SHEET
12-31-
Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
201-Common Stock J.O OCGI :2..0'060
204-Preferred Stock
207-Miscellaneous Capital Accounts - fA,P J:,.' c,,;o,1"......107-
(..).
1 () 1.
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings 8'ff 4. -;1. \ Cj ~~ '-./,3 3 ~
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6).&1.1,';~1 ~ 2.( 1'1 t'I () 4. '3 3~
221-Bonds
223 Advances from Associated Companies
224 Other Long - Term Debt '-\'1 t3o 4'-f."fO~12-/)
231 Accounts Payable .51-141-lb I'll 1'-1 '-1./-.3"
232 Notes Payable -
p~~
.; cnoEi?J 53,"71;,,-/'16,QO.(I:, J'J'i )
233 Accounts Payable - Associated Companies
235 Customer Deposits (Refundable)
236.Accrued Other Taxes Payable P~"'il.o!.l, -r;,~,'3 L,l'f.Q-;'2 41-0;~:il
236.Accrued Income Taxes Payable
236_Accrued Taxes - Non-Utility
237-Accrued Debt. Interest & Dividends Payable 1$1'l'J.."i1-( &q,3
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction
253 Other Deferred Liabilities
255.Accumulated Investment Tax Credits - Utility
255.Accum. Investment Tax Credits - Non-Utility
261-Operating Reserves
271 Contributions in Aid of Construction , lYe , L!. '7 1- , '3 ILl" 2.01 l ~I ,';,/"2-
272 Accum. Amort. of Contrib. in Aid of Const. **
281-Accumulated Deferred Income Taxes
Total Liabilities (Add lines 9 - 29 2.,~"b 2.-3\:1
;"'
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TOTAL LlAB & CAPITAL (Add lines 8 & 30)'111 1"13 ~ . 2. '1b 1..(1,;.2Hg, jb?
Rev 3/02
** Only if Comrnission Approved
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Page 8
Name:EAGLE WATER CO., INC.
STATEMENT OF RETAINED EARNINGS
For Year Ended 12-31-
Retained Earnings Balance (g) Beginning of Year
Amount Added from Current Year Income (From Pg 4, Line 32)
Other Credits to Account
Dividends Paid or Appropriated
Other Distributions of Retained Earnings
Retained Earnings Balance ~ End of Year
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CAPITAL STOCK DETAIL
No. Shares No. Shares Dividends
Description (Class, Par Value etc.
Co 1-1 M D ..J
Authorized Outstandinq Paid
"2-0,000 .2..0 ,000 -'0-
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
Description Rate Balance Paid Accrue
NDTf~f~-IA-$ w:: J'J -.; !3di".. 11.../0 -1"./110 '-14-, iJo'1 37'1 :it?
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Rev 3/02 Page 9
Name:EAGLE WATER CO., INC.
SYSTEM ENGINEERING DATA
For Year Ended 12-31-
Provide an updated system map if significant changes have been made to the system during the year.
Water Supply:Type of Water
Treatment:Supply
Rated (None, Chlorine Annual Source
Capacity Fluoride Production (Well , Spring,
Filter etc.OOO's GaL)Surface Wtr
None Well
None Well
None Well
None Well
None Well
System Storage:
Storaae Designation or ocatlon unze ooste oncre e
W/H #7.90,000 90,000 Boosted Concrete
Total
Capacity
OOO'
G I
Usable
Capacity
OOO'
G I
Type ofReservoir Construction
(Elevated , Pres- (Wood , Steel. d B d) C t )
(Duplicate form and attach if necessary. Asterisk facilities added this year.
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Rev 3/02 Page 1
Name:EAGLE WATER CO., INC.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 12-31-
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
Rated
Capacity
Energy
Used
Discharge
PressureHorse
& Type of Pump Power (Qpm)(psi)This Year
W/H #1 Sub Berklev 600
W/H #2 Sub Berkley 400
W/H #3 Sub Berkley 400
W/H #4 Layne & Bowler variable 250 up to 2500
W/H #6 Layne & Bowler Variable 250 up to 2500
W/H #2 Pacific 450
W/H #2 Pacific 220
W/H #2 Pacific 450
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
If 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?
609,628,000
92,999,
350,000
If customers are metered, what was the total amount sold in peak month?14,005,053 cu.
Was your system designed to supply fire flows?
If Yes: What is current system rating?
Yes
How many times were meters read this year?
During which months?Jan. Feb. Mar. Apr. May. Jun. Jul.
Auy. Sept. Oct. Nay. Dec.
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?
100
50 + -
Yes
Apprax.$250,000 to $300,
10 Are backbone plant additions anticipated during the coming year?
If Yes, attach an explanation of projects and anticipated costs!
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?2004
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Rev 3/02 Page 11
Name:Eagle Water Co., Inc.
SYSTEM ENGINEERING DATA
( continued)
For Year Ended 12-31-2002
FEET OF MAINS
Pipe
Size
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
1~"11 , 020 1990 13,010
1 , 601 601
874 200 074
----'
40, 856 440 41.296
115,024 940 120,964
------
10"
12"67,072 780 68,852
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
TOTALS (Add lines 2 through 8)
This Last This Last
Year Year Year Year
2, 364 2 , 352 492,162,445 536,223,992
,--
235 184 117,465, 555 105.620,008
None None
None None
Metered:
Residential
Commercial
Industrial
Flat Rate:
Residential
Commercial
Industrial
Private Fire Protection
Public Fire Proteclion
Street Sprinkling
Municipal, Other
Other Water Utilities
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Rev 3/02 Page 12
CERTIFICA TE
State of Idaho
) ss
County of
and
of the
, the undersigned Robert V. DeShazo, Jr.
Betty Holt
Eagle Water Co., Inc.
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.
Subscribed and Sworn to Before Me
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Rev 3/02 Page 13