2010Annual Report.pdf

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Eagle Water Company, Inc.
188 W. State Street, Suite 4
Eagle, Idaho 83616
December 31, 2010
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ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31, 2010
11 Are there any affilated companies? No
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
12 Contact Information Name
President (Owner)
Vice President
Secretary
General Manager
Complaints or Billng
Engineering
Emergency Service
Accounting
13 Were any water systems acquired during the year or any additions/deletions madeto the service area during the year? No
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
14 Where are the Company's books and records kept?
Street Address 188 W. State Street, Suite 4C~ E~~State IdahoZip 83616
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
Rev 3/02
COMPANY INFORMATION
Eagle Water Company
3/14/1974
Idaho
188 W. State Street, Suite 4
PO Box 455
Eagle
Idaho
83616
Corporation
Eagle, Ada County, Idaho
Phone No
Robert V. DeShazo 939-0242
Roland Jones
Toni Velie 939-0242
Norman Revels 939-0242
Toni Velie 939-0242
Jim Rees, MTC Enaineers
Norman Revels 939-0242
Heather Wilde 939-0242
Page 1
NAME:Eagle Water Company
COMPANY INFORMATION (Cont.)
For the Year Ended 12/31/2010
15 Is the system operated or maintained under a
service contract?
16 If yes: With whom is the contract?
When does the contract expire?
What services and rates are included?
No
17 Is water purchased for resale through the system?
18 If yes: Name of Organization
Name of owner or operator
Mailng Address
City
State
Zip
No
Gallons/CCF $Amount
Water Purchased
19 Has any system(s) been disapproved by the
Idaho Division of Environmental Quality? No
If yes, attach full explanation
20 Has the Idaho Division of Environmental Quality
recommended any improvements? No
If yes, attach full explanation Refer to Engineering Report
21 Number of Complaints received during year concerning:Quality of Service 7High Bils 11Disconnection 0
22 Number of Customers involuntarily disconnected 77
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701? July 2010
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year? NO
If yes, attach full explanation
and an updated system map
Water Pressure 2 Smelly water
Mis-reads
Rev 3/02 Page 2
NAME:Eagle Water Company
REVENUE & EXPENSE DETAIL
For the Year Ended 12/31/2010
DESCRIPTION
400 REVENUES
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, Industrial
Fire Protection Revenue
Other Water Sales Revenue
Irrigation Sales Revenue
Sales for Resale
ACCT#
1
2
3
4
5
6
7
8
460
461.1
461.2
462
464
465
466
400 749,230.84
514,925.78
219,303.81
15,001.25
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
Booked to Acct #
5,404.69 Booked to Acct :#
137,999.67 Booked to Acct:#
271
253
401 OPERATING EXPENSES
12 601.1-6 Labor - Operation & Maintenance 55,956.87
13 601.7 Labor - Customer Accounts 115,917.20
14 601.8 Labor - Administrative & General 8,361.18
15 603 Salaries, Officers & Directors 51,540.00
16 604 Employee Pensions & Benefits 39,463.71
17 610 Purchased Water
18 615-16 Purchased Power & Fuel for Power 125,661.90
19 618 Chemicals
20 620.1-6 Materials & Supplies - Operation & Maint. (21,287.51)
21 620.7-8 Materials & Supplies - Administrative & General 34,378.44
22 631-34 Contract Services - Professional 7,274.87
23 635 Contract Services - Water Testing
24 636 Contract Services - Other
25 641-42 Rentals - Property & Equipment 20,944.0826 650 Transportation Expense 6,757.57
27 656-59 Insurance 45,051.02
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 5,919.91
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) ~~_w.~~.?A~~.~:g~..
Rev 3/02 Page 3
Name:Eagle Water company
INCOME STATEMENT
For Year Ended 12/31/2010
ACCT#DESCRIPTION
1 Revenue (From Page 3, line 8)749,230.84
2 Operating Expenses (From Page 3, line 33)495,939.24
3 403 Depreciation Expense 48,840.35
4 406 Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC)1,833.84
7 408.11 Property Taxes 11,435.74
8 408.12 Payroll Taxes 42,305.47
9A 408.13 Other Taxes (list)177.23
9B Franchise Fees 5,570.80
9C DEQ Fees 10,988.00
9D Other fees & licenses 185.00
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes 20.00
12 410.10 Provision for Deferred Income Tax - Federal
13 410.11 Provision for Deferred Income Tax - State
14 411 Provision for Deferred Utility Income Tax Credits
15 412 Investment Tax Credits - Utility
16 Total Expenses from operations before interest (add lines 2-15)617,295.67
17 413 Income From Utility Plant Leased to Others
18 414 Gains (Losses) From Disposition of Utilty Plant
19 Net Operating Income (Add lines 1, 17 &18 less line 16)131,935.17
20 415 Revenues, Merchandizing Jobbing and Contract Work 102,284.30
21 416 Expenses, Merchandizing, Jobbing & Contracts 287,003.43
22 419 Interest & Dividend Income 32.49
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income 1,052.15
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes, Non-Utility Operations
27 409-20 Income Taxes, Non-Utility Operations
28 Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26, & 27)(183,634.49)
29 Gross Income (add lines 19 & 28)(51,699.32)
30 427.3 Interest Exp. on Long-Term Debt 17,295.28
31 427.5 Other Interest Charges 14,523.66
32 NET INCOME (Line 29 less lines 30 & 31)(Also Enter on Pg 9, Line 2)(83,518.26)
Rev 3/02 Page 4
Name:Eagle Water Company
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 12/31/2010
SUB
ACCT#
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
Balance
End of
YearDESCRIPTION
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
301 Organization 13,857 13,857
302 Franchises and Consents -
303 Land & Land Rights 19,100 124,094 143,194
304 Structures and Improvements 15,200 15,200
305 Collecting & Impounding Reservoirs -
306 Lake, River & Other Intakes -
307 Wells 965,879 132,003 1,097,882
308 Infiltration Galleries & Tunnels -
309 Supply Mains 12,882 6,397 19,279
310 Power Generation Equipment 20,236 20,236
311 Power Pumping Equipment 249,323 249,323
320 Purification Systems -
330 Distribution Reservoirs & Standpipes 48,015 48,015
331 Trans. & Distrib. Mains & Accessories 967,151 967,151
333 Services -
334 Meters and Meter Installations 278,547 -278,547
335 Hydrants 4,200 4,200
336 Backflow Prevention Devices -
339 Other Plant & Misc. Equipment -
340 Office Furniture and Equipment 15,296 955 16,251
341 Transportation Equipment 34,464 34,464
342 Stores Equipment -
343 Tools, Shop and Garage Equipment 14,386 14,386
344 Laboratory Equipment -
345 Power Operated Equipment -
346 Communications Equipment -
347 Miscellaneous Equipment 2,291 2,291
348 Other Tangible Propert -
29 TOTAL PLANT IN SERVICE
(Add lines 1 - 28)
2,660,827 263,449 2,924,276
Enter beginning & end of year totals on Pg 7, Line 1
Rev 3/02 Page 5
Name:Eagle Water Company
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 12/31/2010
SUB
Depreciation
Rate
Balance
Beginning
Balance
End of
Increase
or
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
ACCT#DESCRIPTION %of Year Year (Decrease)
304 Structures and Improvements 9,803 9,803 -
305 Collecting & Impounding Reservoirs -
306 Lake, River & Other Intakes -
307 Wells 174,812 195,469 20,657
308 Infiltration Galleries & Tunnels -
309 Supply Mains 3,993 4,251 258
310 Power Generation Equipment 20,236 20,236 -
311 Power Pumping Equipment 121,673 132,478 10,805
320 Purification Systems -
330 Distribution Reservoirs & Standpipes 48,015 48,015 -
331 Trans. & Distrib. Mains & Accessories 203,227 213,829 10,602
333 Services -
334 Meters and Meter Installations 47,220 52,751 5,530
335 Hydrants 1,080 1,114 34
336 Backflow Prevention Devices -
339 Other Plant & Misc. Equipment -
340 Office Furniture and Equipment 15,296 15,392 95
341 Transportation Equipment 31,462 32,320 858
342 Stores Equipment -
343 Tools, Shop and Garage Equipment 13,822 13,822 -
344 Laboratory Equipment -
345 Power Operated Equipment -
346 Communications Equipment -
347 Miscellaneous Equipment 2,291 2,291 -
348 Other Tangible Propert -
TOTALS (Add Lines 1 - 25)692,930 741,771 48,840
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
Name:Eagle Water Company
BALANCE SHEET
For Year Ended 12/31/2010
ASSETS Balance
Beginning
Balance
End of
Increase
or
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
ACCT#DESCRI PTION of Year Year (Decrease)
101 Utility Plant in Service (From Pg 5, Line 29)2,660,827 2,924,276 263,449
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)2,660,827 2,924,276 263,449
108.1 Accumulated Depreciation (From Pg 6, Line 26)692,930 741,771 48,840
108.2 Accum. Depr. - Utility Plant Lease to Others -
108.3 Accum. Depr. - Property Held for Future Use -
110.1 Accum. Amort. - Utility Plant in Service -
110.2 Accum. Amort. - Utility Plant Lease to Others -
115 Accumulated Amortization - Aquisition Adj.-
Net Utility Plant (Line 6 less lines 7 - 12)1,967,897 2,182,506 214,609
123 Investment in Subsidiaries -
125 Other Investments -
Total Investments (Add lines 14 & 15)-
131 Cash 116,643 249,917 133,274
135 Short Term Investments -
141 Accts/Notes Receivable - Customers 30,018 18,312 (11,706)
142 Other Receivables 821 567 (254)
145 Receivables from Associated Companies -
151 Materials & Supplies Inventory -
162 Prepaid Expenses -
173 Unbiled (Accrued) Utility Revenue -
143 Provision for Uncollectable Accounts -
Total Current (Add lines 17 -24 less line 25)147,482 268,796 121,314
181 Unamortized Debt Discount & Expense -
183 Preliminary Survey & Investigation Charges -
184 Deferred Rate Case Expenses -
186 Other Deferred Charges AIR Constructn 444,939 1,314,184 869,245
2,560,318 3,765,485 1,205,168Total Assets (Add lines 13, 16 & 26 - 30)
Rev 3/02 Page 7
Name:Eagle Water Company
BALANCE SHEET
For Year Ended 12/31/2010
LIABILITIES & CAPITAL Balance
Beginning
Balance
End of
Increase
or
ACCT#DESCRI PTION of Year Year (Decrease)
201-3 Common Stock 20,000 20,000 -
204-6 Preferred Stock -
207-13 Miscellaneous Capital Accounts 63,702 63,702 -
214 Appropriated Retained Earnings -
215 Unappropriated Retained Earnings (1,049,167)(1,132,797)(83,630)
216 Reacquired Capital Stock -
218 Proprietary Capital -
Total Equity Capital (Add Lines 1-5+7 less line 6)(965,465)(1,049,095)(83,630)
221-2 Bonds -
223 Advances from Associated Companies -
224 Other Long - Term Debt -371,067 371,067
231 Accounts Payable 290,912 371,910 80,998
232 Notes Payable 25,291 25,291 0
233 Accounts Payable - Associated Companies -
235 Customer Deposits (Refundable)-
236.11 Accrued Other Taxes Payable 13,990 17,453 3,463
236.12 Accrued Income Taxes Payable -
236.2 Accrued Taxes - Non-Utility -
237-40 Accrued Debt, Interest & Dividends Payable --
241 Misc. Current & Accrued Liabilities 1,189 (182)(1,371)
251 Unamortized Debt Premium -
252 Advances for Construction ---
253 Other Deferred Liabilities 423,973 1,046,460 622,487
255.1 Accumulated Investment Tax Credits - Utility -
255.2 Accum. Investment Tax Credits - Non-Utility -
261-5 Operating Reserves -
271 Contributions in Aid of Construction 2,977,177 2,982,581 5,405
272 Accum. Amort. of Contrib. in Aid of Const. **-
281-3 Accumulated Deferred Income Taxes -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30 Total Liabilities (Add lines 9 - 29
31 TOTAL L1AB & CAPITAL (Add lines 8 & 30)
** Only if Commission Approved
3,732,532
2,767,0671
4,814,580
3,765,4851
1,082,049
998,4181
Rev 3/02 Page 8
Name:Eagle Water Company
STATEMENT OF RETAINED EARNINGS
For Year Ended 12/31/2010
1 Retained Earnings Balance (§ Beginning of Year
2 Amount Added from Current Year Income (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
(1,049,166.52)
(83,518.26)
(112.65)
(1,132,797.43)
CAPITAL STOCK DETAIL
No. Shares No. Shares Dividends
7 Description (Class, Par Value etc.)
Common
Authorized Outstandina Paid
20,000 20,000 -0-
DETAIL OF LONG-TERM DEBT
8 Description
Interest
Rate
Year-end
Balance
Interest
Paid
Interest
Accrued
Rev 3/02 Page 9
Name:Eagle Water Company
SYSTEM ENGINEERING DATA
For Year Ended 12/31/2010
1 Provide an updated system map if significant changes have been made to the system during the year.
Rated
Capacity
Type of
Treatment:
(None, Chlorine
Fluoride
Annual
Production
Water
Supply
Source
(Well, Spring,
2 Water Supply:
Pump Desionation or location (opm)Filter etc.)moo's Gal.)Surface Wtr)
# 1 600 gpm none well
#2 4000pm none well
#3 400 gpm none well
#4 variable to 2,50C none well
#6 variable to 2,50C none well
#7 variable to 1345 none well
3 System Storage:
Total
Capacity
OOO's
Usable
Capacity
OOO's
Type of
Reservoir Construction
(Elevated, Pres- (Wood, Steel
Storaoe Desionation or Location Gal.Gal.urized, Boosted)Concrete)
W/H#2 90,000 90,000 Boosted Concrete
(Duplicate form and attach if necessary. Asterisk facilties added this year.)
Rev 3/02 Page 10
Name:Eagle Water Company
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 12/31/2010
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Rated
Capacity
Discharge
Pressure
Energy
Used
& Type of Pump**Power (opm)(psi)This Year
W/H # 1 Sub. Berklev 50 600
W /H # 2 Sub. Berkley 20 400
W /H # 3 Sub. Berkley 20 400
W /H # 4 Layne & Bowler variable 300 UP to 2,500
W/H#6 Layne & Bowler variable 250 UP to 2,500
W/H#2 Pacific 25 450
W/H#2 Pacific 15 220
W/H#2 Pacific 25 450
WH # 7 American Marsh variable 200 UP to 1,345
** Submit pump curves unless previously provided or unavailable. Asterisk facilties 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?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
6 If customers are metered, what was the total amount sold in peak month?
7 Was your system designed to supply fire flows?
If Yes: What is current system rating?
8 How many times were meters read this year?
During which months?
July
July 18
January through December
797,334,000 ga
153,077 ,000 ga
5,764,000 gal
98,952,743
yes
3
12
9 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 projects and anticipated costs!
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
wil have to be expanded?
Rev 3/02 Page 11
70-80
70-80
no
5 - 6 years?
Name:Eagle Water Company
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 12/31/2010
FEET OF MAINS
1 Pipe
Size
1 1/2"13,410 0 -0-13,410
2"2,501 0 -0-2,501
4"9,654 0 -0-9,654
6"43,356 340 -0-43,696
8"133,864 440 -0-134,304
10"20 0 -0-20
12"79,092 460 -0-79,552
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
CUSTOMER STATISTICS
Number of Customers Thousands of Gallons Sold
TOTALS (Add lines 2 through 8)
This Last This Last
Year Year Year Year
2947 2825 497,024,153 539,983,868
441 496 219,431,468 224,183,325
0 0
1 1
0 0
3389 3322 716,455,621 764,167,193
2 Metered:
2A Residential
2B Commercial
2C Industrial
3 Flat Rate:
3A Residential
3B Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utiities
Rev 3/02 Page 12
.
CERTIFICATE
State of Idaho )
) ss
County of Ada )
WE, the undersigned Robert V. DeShazoand Heather Wilde
of the Eagle Water Company
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.
(Chief Of c r)
Jk~j)Jzo
(Officer in Charge of Accounts)
Subscribed and Sworn to Before Me
this~day of t'OJVo
~~ t \Aii~R
NOTARY PUBLIC
, aoJI
My Commission Expires 4/). /:iOLlPi I
gdk/exceVjnelsonlanulrptswtrannualrpt
Rev 3/02 Page 13