2001Annual Report.pdf

ANNUAL REPORT
OF
FALLS WATER COMPANY,INC.
NAME
2025 E FIRST ST,IDAHO FALLS,ID 83401
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED DECEMBER 31,2001 2001
ANNUAL REPORTFOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIESCOMMISSION
FOR THE YEAR ENDING 31-Dec-01
COMPANYINFORMATION
1 Give full name of utility Falls Water Company,Inc.
2 Date of Organization 9-Jan-59
3 Organized under the laws of the state of Idaho
4 Address of Principal Office (number &street)2025 E First Street
5 P.O.Box (if applicable)
6 City Idaho Falls
7 State Idaho
8 Zip Code 83401
9 Organization (proprietor,partnership,corp.)Not-for-profitcorporation
10 Towns,Counties served BonnevilleCounty
11 Are there any affiliated companies?No
if yes,attach a list with names,addresses &descriptions.Explain any services
provided to the utility.
12 Contact Information Name Phone No.
President(Owner)Kelly D.Howell 208-522-1300
Vice President
Secretary Dean L.Howell 208-522-1300
General Manager K.Scott Bruce 208-522-1300
Complaintsor Billing K.Scott Bruce 208-522-1300
Engineering Tony Wise 208-522-1300
Emergency Service Tony Wise 208-522-1300
Accounting K.Scott Bruce 208-522-1300
13 Were any water systems acquired during the year or any additions/deletionsmade
to the service area during the year?Yes
If yes,attach a list with names,addresses &descriptions.Explain any servicesprovidedtotheutility.
14 Where are the Company'sbooks and records kept?
Street Address 2025 E First Street
City Idaho Falls
State Idaho
Zip 83401
Rev7/99 Page 1
NAME:Falls Water Company,Inc.
COMPANY INFORMATION(Cont.)
For the Year Ended 31-Dec-01
15 Is the system operated or maintained under a
servicecontract?Yes
16 If yes:With whom is the contract?Howell &Howell,Inc.
When does the contract expire?Month-to-month
What services and rates are included?All Labor,both field and office
17 Is water purchasedfor resale through the system?No
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 Division of EnvironmentalQuality?No
If yes,attach full explanation
20 Has the Idaho Divisionof EnvironmentalQuality
recommendedany improvements?No
If yes,attach full explanation
21 Number of Complaintsreceived during year concerning:
Quality of Service No Record
High Bills No Record
Disconnection No Record
22 Number of Customers involuntarilydisconnected No Record
23 Date customers last received a copy of the Summary
of Rules required by IDAPA 31.21.01.701?Jun-01
Attach a copy of the Summary
24 Did significant additions or retirementsfrom the
Plant Accounts occur during the year?No
If yes,attach full explanation
and an updated system map
Rev7/99 Page 2
NAME:Falls Water Company,Inc.
REVENUE &EXPENSE DETAIL
For the Year Ended 31-Dec-01
ACCT #DESCRIPTION
400 REVENUES
1 460 UnmeteredWater Revenue 87810
2 461.1 Metered Sales -Residential 210878
3 461.2 Metered Sales -Commercial,Industrial 7591
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 IrrigationSales Revenue
7 466 Sales for Resale
8 400 Total Revenue(Add Lines 1 -7)306278
(also enter result on Page 4,line 1)
9 *DEQ Fees Billed separatelyto customers Booked to Acct #
10 **Hookup or Connection Fees Collected 22951 Booked to Acct A (421)469
11 ***CommissionApproved Surcharges Collected Booked to Acct #
401 OPERATING EXPENSES
12 601.1-6 Labor -Operation &Maintenance 39381
13 601.7 Labor -CustomerAccounts 4800
14 601.8 Labor -Administrative &General 86400
15 603 Salaries,Officers &Directors
16 604 Employee Pensions &Benefits
17 610 PurchasedWater 2224
18 615-16 Purchased Power &Fuel for Power 80602
19 618 Chemicals
20 620.1-6 Materials &Supplies -Operation&Maint.17963
21 620.7-8 Materials &Supplies -Administrative&General 24827
22 631-34 ContractServices -Professional 4563
23 635 Contract Services-Water Testing 8837
24 636 Contract Services -Other 24400
25 641-42 Rentals -Property&Equipment 2681
26 650 Transportation Expense 3886
27 656-59 Insurance
28 660 Advertising 1511
29 666 Rate Case Expense (Amortization)
30 667 RegulatoryComm.Exp.(Otherexcept taxes)
31 670 Bad Debt Expense 1794
32 675 Miscellaneous 9045
33 Total Operating Expenses (Add lines 12 -32,also enter on Pg 4,line 2)312913
Rev7/99 Page 3
Name:Falls Water Company,Inc.
INCOMESTATEMENT
For Year Ended 31-Dec-01
ACCT #DESCRIPTION
1 Revenue (From Page 3,line 8)306278
2 OperatingExpenses (From Page 3,line 33)312913
3 403 DepreciationExpense 20346
4 406 Amortization,Utility Plant Aquisition Adj.
5 407 Amortization Exp.-Other
6 408.10 Regulatory Fees (PUC)905
7 408.11 PropertyTaxes 2855
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list)DEQ Fees
9B
9C
9D
10 409.10 FederalIncome Taxes
11 409.11 State IncomeTaxes 30
12 410.10 Provision for Deferred Income Tax -Federal
13 410.11 Provisionfor Deferred Income Tax -State
14 411 Provisionfor Deferred Utility Income Tax Credits
15 412 InvestmentTax Credits -Utility
16 Total Expenses from operationsbefore interest (add lines 2-15)337048
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)-30770
20 415 Revenues,MerchandizingJobbingand Contract Work
21 416 Expenses,Merchandizing,Jobbing &Contracts
22 419 Interest&Dividend Income
23 420 Allowance for Funds used During Construction
24 421 MiscellaneousNon-Utility Income 25686
25 426 MiscellaneousNon-Utility Expense
26 408.20 Other Taxes,Non-UtilityOperations
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)25686
29 Gross Income (add lines 19 &28)-5084
30 427.3 Interest Exp.on Long-TermDebt 21
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 &31)(Also Enter on Pg 9,Line 2)-5105
Rev7/99 Page 4
Name:Falls Water Company,Inc.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 31-Dec-01
Balance Added Removed Balance
SUB Beginning During During End ofACCT#DESCRIPTION of Year Year Year Year
1 301 Organization
2 302 Franchises and Consents
3 303 Land &Land Rights 3329 3329
4 304 Structures and Improvements O 8707 8707
5 305 Collecting &ImpoundingReservoirs
6 306 Lake,River &Other Intakes
7 307 Wells 52805 52805
8 308 InfiltrationGalleries&Tunnels
9 309 Supply Mains
10 310 Power Generation Equipment 16693 16693
11 311 Power Pumping Equipment 143276 44442 187719
12 320 PurificationSystems 15865 15865
13 330 Distribution Reservoirs&Standpipes 494 494
14 331 Trans.&Distrib.Mains &Accessories 91770 91770
15 333 Services
16 334 Meters and Meter Installations 96601 22134 118735
17 335 Hydrants
18 336 Backflow PreventionDevices
19 339 Other Plant &Misc.Equipment
20 340 Office Furniture and Equipment 5344 2131 7476
21 341 TransportationEquipment 13261 13261
22 342 Stores Equipment
23 343 Tools,Shop and Garage Equipment 9583 9583
24 344 LaboratoryEquipment
25 345 Power Operated Equipment
26 346 CommunicationsEquipment
27 347 MiscellaneousEquipment
28 348 Other Tangible Property
29 TOTAL PLANT IN SERVlCE 449022 77415 526437
(Add lines 1 -28)Enter beginning&end of year totals on Pg 7,Line 1
Rev7/99 Page 5
Name:Falle Water Company,Inc.
ACCUMULATED DEPRECIATIONACCOUNT 108.1 DETAIL
For Year Ended 31-Dec-01
Depreciation Balance Balance Increase
SUB Rate Beginning End of orACCT#DESCRIPTION %of Year Year (Decrease)
1 304 Structures and improvements
2 305 Collecting&ImpoundingReservoirs
3 306 Lake,River &Other Intakes
4 307 Wells 20943 22857 1913
5 308 InfiltrationGalleries&Tunnels
6 309 Supply Mains
7 310 PowerGenerationEquipment 2608 3443 835
8 311 Power Pumping Equipment 92557 100902 8345
9 320 PurificationSystems 15865 15865 0
10 330 Distribution Reservoirs&Standpipes 494 494 0
11 331 Trans.&Distrib.Mains &Accessories 56515 58195 1680
12 333 Services
13 334 Meters and Meter Installations 56827 64095 7267
14 335 Hydrants
15 336 Backflow PreventionDevices
16 339 Other Plant &Misc.Equipment
17 340 Office Furnitureand Equipment 5439 5743 305
18 341 TransportationEquipment 12960 12960 0
19 342 Stores Equipment
20 343 Tools,Shop and Garage Equipment 9583 9583 0
21 344 LaboratoryEquipment
22 345 Power OperatedEquipment
23 346 CommunicationsEquipment
24 347 MiscellaneousEquipment
25 348 Other TangibleProperty
26 TOTALS (Add Lines 1 -25)273792 294137 20346
Enter beginning&end of year totals on Pg 7,Line 7
Rev7/99 Page 6
Name:Falls Water Company,Inc.
BALANCE SHEET
For Year Ended 31-Dec-01
ASSETS Balance Balance increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
1 101 Utility Plant in Service (From Pg 5,Line 29)449022 526437 77415
2 102 Utility Plant Leased to Others 0
3 103 Plant Held for Future Use 0
4 105 ConstructionWork in Progress 0
5 114 Utility Plant Aquisition Adjustment 0
6 Subtotal (Add Lines 1 -5)449022 526437 77415
7 108.1 AccumulatedDepreciation (From Pg 6,Line 26)273792 294137 20346
8 108.2 Accum.Depr.-Utility Plant Lease to Others O
9 108.3 Accum.Depr.-Property Held for Future Use 0
10 110.1 Accum.Amort.-Utility Plant in Service 0
11 110.2 Accum.Amort.-Utility Plant Lease to Others 0
12 115 AccumulatedAmortization -Aquisition Adj.0
13 Net Utility Plant (Line 6 less lines 7 -12)175231 232300 57069
14 123 Investmentin Subsidiaries 0
15 125 Other Investments 0
16 Total Investments(Add lines 14 &15)0 0 0
17 131 Cash 11925 7635 -4289
18 135 Short Term Investments 0
19 141 Accts/Notes Receivable-Customers 21843 28687 6843
20 142 Other Receivables 0
21 145 Receivablesfrom Associated Companies 0
22 151 Materials &Supplies Inventory 0
23 162 Prepaid Expenses O
24 173 Unbilled (Accrued)Utility Revenue 0
25 143 Provision for UncollectableAccounts 1642 1300 -342
26 Total Current (Add lines 17 -24 less line 25)32126 35022 2896
27 181 UnamortizedDebt Discount &Expense 0
28 183 PreliminarySurvey &InvestigationCharges 0
29 184 Deferred Rate Case Expenses 0
30 186 Other Deferred Charges 0
31 Total Assets (Add lines 13,16 &26 -30)207356 267322 59966
Rev7/99 Page 7
Name:Falls Water Company,Inc.
BALANCE SHEET
For Year Ended 31-Dec-01
LIABILITIES &CAPITAL Balance Balance Increase
Beginning End of or
ACCT #DESCRIPTION of Year Year (Decrease)
1 201-3 Common Stock 25000 25000 0
2 204-6 PreferredStock
3 207-13 MiscellaneousCapital Accounts
4 214 Appropriated Retained Earnings
5 215 UnappropriatedRetainedEarnings 49895 90613 40718
6 216 ReacquiredCapital Stock
7 218 Proprietary Capital
8 Total Equity Capital (Add Lines 1-5+7 less line 6)74895 115613 40718
9 221-2 Bonds
10 223 Advances from Associated Companies 0 134284 134284
11 224 Other Long -Term Debt
12 231 Accounts Payable 134284 0 -134284
13 232 Notes Payable 0 15032 15032
14 233 Accounts Payable -Associated Companies
15 235 Customer Deposits (Refundable)
16 236.11 Accrued Other Taxes Payable 0 2820 2820
17 236.12 Accrued Income Taxes Payable
18 236.2 Accrued Taxes -Non-Utility
19 237-40 Accrued Debt,Interest &DividendsPayable
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.Investment Tax Credits -Non-Utility
26 261-5 OperatingReserves
27 271 Contributions in Aid of Construction
28 272 Accum.Amort.of Contrib.in Aid of Const.**
29 281-3 Accumulated DeferredIncome Taxes
30 Total Liabilities (Add lines 9 -29 134284 152136 17851
31 TOTAL LIAB &CAPITAL (Add lines 8 &30)209179 267748 58569
**Only if Commission Approved
Rev7/99 Page 8
Name:Falls Water Company,Inc.
STATEMENTOF RETAINED EARNINGS
For Year Ended 31-Dec-01
1 Retained Earnings Balance @ Beginningof Year 95718
2 AmountAdded from CurrentYear Income (From Pg 4,Line 32)-5105
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributionsof Retained Earnings
6 Retained Earnings Balance @ End of Year 90613
CAPITAL STOCK DETAIL
No.Shares No.Shares Dividends
7 Description (Class,Par Value etc.)Authorized Outstanding Paid
COMMON 1000 25
DETAIL OF LONG-TERMDEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Wilcox Construction 6%134284.22 0 0
Rev7/99 Page 9
Name:Falls Water Company,Inc.
SYSTEM ENGINEERINGDATA
For Year Ended 31-Dec-01
1 Provide an updated system 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)
WELL #1 750 SAND SEP 121447 WELL
WELL #2 400 131438 WELL
WELL #3 200 SAND SEP 6161 WELL
WELL #4 1500 SAND SEP 47084 WELL
WELL #5 750 SAND SEP 166125 WELL
PUMP#6 600 250721 \¾ELL
PUMP #7 600 45730 WELL
WELL #8 1500 6558 WELL
Sargent Well 30 5562 WELL
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
000's 000's (Elevated,Pres-(Wood,Steel
Storage Designation or Location Gal.Gal.urized,Boosted)Concrete)
WELL 2/4 5 1.8 Pressurized Steel
(Duplicate form and attach if necessary.Asterisk facilities added this year.)
Rev7/99 Page 10
Name:Falle Water Company,Inc.
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 31-Dec-01
4 Pump informationfor ALL system pumps,including wells and boosters.
Rated Discharge Energy
Designationor Location Horse Capacity Pressure Used
&Type of Pump**Power (ppm)(psi)This Year
Well #2 Turbine Pump #2 40 400 65
Well #4 Turbine Pump #4 150 1500 65
Well #6 SubmersiblePump #6 75 600 65
Well #7 SubmersiblePump #7 75 600 65
SUBTOTALOF ABOVE The Above Are All on One Power Meter Totaling:746480
Well #1 Turbine Pump #1 75 750 65 232178
Well #3 SubmersiblePump #3 30 200 65 14742
Well #5 Turbine Pump #5 75 750 65 272167
Well #8 Turbine Pump #8 150 1500 65 8360
SargentWell SubmersiblePump 10 30 60 18187**Submit pump curves unless previously provided 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?775263428
What was the total amount pumped during peak month?140646607
What was the total amount pumpedon the peak day?No Record
6 If customers are metered,what was the total amount sold in peak month?68018000
7 Was your system designed to supply fire flows?Yes
If Yes:What is current system rating?Unknown
8 How many times were meters read this year?7
Duringwhich months?April,May,June,July,August,September,October
9 How many additional customers could be servedwith no system improvements
except a service line and meter?425
How many of those potential additions are vacant lots?97
10 Are backboneplant additions anticipatedduring the coming year?No
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?2005
Rev7/99 Page 11
Name:Falls Water Company,Inc.
SYSTEM ENGINEERINGDATA
(continued)
For Year Ended 31-Dec-01
FEET OF MAINS
In Use Installed Abandoned In Use
1 Pipe Beginning During During End of
Size Of Year Year **Year**Year
1"970 0 970 0
2"1580 0 47.05 1532.95
3"1190 0 1190 0
4"4344 0 2081.36 2262.64
6"52922.23 29758.54 0 82680.77
8"11786.57 6619.77 0 18406.34
10"14454 3014.95 0 17468.95
12"0 2927.17 0 2927.17**Adjustments are the result of completinga physical inventoryoi mains and mapping the mains in /\utoCAD.
CUSTOMERSTATISTICS
Numberof Customers Thousandsof Gallons Sold
This Last This Last
Year Year Year Year
2 Metered:
2A Residential 1322 1223 276812 N/A
2B Commercial 24 16,29274 N/A
2C Industrial
3 Flat Rate:
3A Residential 621 703 N/A N/A
3B Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection 139 139 N/A N/A
6 Street Sprinkling
7 Municipal,Other
8 Other Water Utilities
TOTALS (Add lines 2 through 8)2106 2081 306086 0
Rev7/99 Page 12
FALLS WATER COMPANY,INC.
Year Ending December 31,2001
Listing of contiguous service area additions in 2001,question 13:
Crimson Valley Subdivision
Beginning at a point that is N87 19'51"W 662.36 feet and NOO 24'01"E 390.29
feet from the East Quarter Corner of Section 14,Township2 North,Range38
East of the Boise Meridian,said point also being the Northeast Corner of Clover
Dale Estates Division Number 8,Bonneville County,as shown on the Recorded
Plat thereof,and running thence;N87 19'04"W 1332.84 feet along the North Line
of Clover Dale Estates Division Number 8 extended;thence NO2 49'18"E
720.00 feet;thence S87 19'04"E 1296.81 feet;thence SOO 02'37"E 720.82 feet
along a fence to the point of beginning containing 21.73 acres.
Lincoln Industrial Park
Beginning at a point on the West section line lying SO 06'55"E 963.04 feet from
the Northwest Corner of Section 15,Township2 North,Range 38 East of the
Boise Meridian and running thence S89 52'18"E 1360.58 feet;thence NO
07'42"E 320.00 feet;thence S89 52'18"E 41.24 feet;thence NO 07'42"E 31.04
feet;thence S89 52'18"E 1095.80 feet;thence NO 07'42"E 336.00 feet;thence
S89 52'18"E 433.57 feet;thence SO 07'18"E 273.37 feet;thence 46.52 feet
along the arc of a 230 foot radius curve to the right whose long chord bears S5
40'21"W 46.44 feet;thence S89 52'18"E 228.65 feet to the westerlybank of
Sand Creek;thence along said westerlybank the followingthree (3)courses:1)
S27 01'57"E 169.42 feet;2)S9 00'18"291.88 feet;3)S23 27'17"W 224.10
feet;thence West 499.74 feet thence S22 36'15"W 9.12 feet;thence N89
52'18"W 2595.67 feet to said West section line;thence NO 06'55"W along said
West section line,287.00 feet to the point of beginning containing 38.99
acres within the city of Ammon,Bonneville County,Idaho.
Smith Group -RV Center
1523 North 25th East,Idaho Falls,ldaho 83401
CERTIFICATE
State of Idaho )
)ss
County ofSOAldSÆL¶
WE,the undersigned (f ed'ÁQ /
and
utility,on our oath do severally say that the foregoing report has been preparedunderour direction,
from the original books,papers and records of said utility;that we have carefullyexamined 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.
Officer ir Char e of Accounts)
Subscribedand Sworn to Before Me
NOTARYPUBLIC
My Commission Expires O Ò
gdklexcel/jnelson/anulrpts/wtrannualrpt
Rev7/99 Page 13