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Home My WebLink About2002Annual Report.pdf,30 ANNU RECEIVED mfILED 2003 APR 2 I PM 3: 04 RE P ORe iJl~SIOH FALLS WATER COMPANY, INC. NAME 202 5 E FIRST ST~ IDAHO FALLS, ID 834 ADDRESS TO TH E IDAHO PUBLIC UTILITIESC COMMISSION FOR THE YEAR ENDED DECEMBER 31, 2002 ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31 , 2002 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 COMPANY INFORMATION Falls Water Company, Inc January 9 , 1959 Idaho 2025 E First Street Idaho Falls Idaho 83401 Not-for-profit corporation Bonneville County 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 madeto the service area during the year? Yes If 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 2025 E First StreetCity Idaho Falls State Idaho Zip 83401 Rev 3/02 Explain any services Name Phone No. Kelly D. Howell 208-522-1300 Dean L. Howell 208-522-1300 K. Scott Bruce 208-522-1300 K. Scott Bruce 208-522-1300 Tony Wise 208-522-1300 Tony Wise 208-522-1300 K. Scott Bruce 208-522-1300 Page 1 NAME:Falls Water Company. Inc. COMPANY INFORMATION (Cont.) For the Year Ended December 31 , 2002 15 Is the system operated or maintained under a service contract? 16 If yes: With whom is the contract? Yes Howell & Howell. Inc. Month-to-Month All Labor. both field offic 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 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 Rev 3/02 Page 2 Gallons/CCF $Amount No Record No Record No Record June- NAME:Falls Water Company, Inc. REVENUE & EXPENSE DETAIL ACCT # For the Year Ended DESCRIPTION 400 REVENUES Unmetered Water Revenue 104171. 229002. 7283. December 31 , 2002 460 461. 461. 462 464 465 466 400 Metered Sales - Residential 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 340457.45 Booked to Acct # 42100.Booked to Acct Booked to Acct # 401 OPERATING EXPENSES 601.6 Labor - Operation & Maintenance 49783. 601.Labor - Customer Accounts 5280. 601.Labor - Administrative & General 88000. 603 Salaries, Officers & Directors 604 Employee Pensions & Benefits 610 Purchased Water 1112. 615-Purchased Power & Fuel for Power 70857. 618 Chemicals 620.6 Materials & Supplies - Operation & Maint.15139. 620.8 Materials & Supplies - Administrative & General 20034. 631-34 Contract Services - Professional 37577. 635 Contract Services - Water Testing 5808.45 636 Contract Services - Other 17579. 641-Rentals - Property & Equipment 4411. 650 Transportation Expense 7028. 656-Insurance 3918. 660 Advertising 2081. 666 Rate Case Expense (Amortization) 667 Regulatory Comm. Exp. (Other except taxes) 670 Bad Debt Expense 4619. 675 Miscellaneous 9010. Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)342242. Rev 3/02 Page 3 271 Name: ACCT # Falls Water Company, Inc. INCOME STATEMENT For Year Ended DESCRIPTION December 31 , 2002 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 Adj. Amortization Exp. - Other Regulatory Fees (PUC) Property Taxes Payroll Taxes Other Taxes (list) 342242. 22030. 848.42 3647.40 DEQ Fees Federal Income Taxes State Income Taxes 30. 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) Page 4 340457.45 368798. 28341. 25125. 26771. 1646. 29987. 8022. 38009. Name:Falls Water Company. Inc. ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended December 31 , 2002 SUB ACCT # Balance Beginning of Year Balance End of Year Added During Year Removed During YearDESCRIPTION 301 Organization 302 Franchises and Consents 303 Land & Land Rights 3329 3329 304 Structures and Improvements 8707 8707 305 Collecting & Impounding Reservoirs 306 Lake , River & Other Intakes 307 Wells 52805 52805 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 16693 16693 311 Power Pumping Equipment 187719 8088 195807 320 Purification Systems 15865 15865 330 Distribution Reservoirs & Standpipes 494 494 331 Trans. & Distrib. Mains & Accessories 91770 41351 133121 333 Services 334 Meters and Meter Installations 118735 15347 134082 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 340 Office Furniture and Equipment 7476 7476 341 Transportation Equipment 13261 13261 342 Stores Equipment 343 Tools, Shop and Garage Equipment 9583 1260 10843 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property TOTAL PLANT IN SERVICE (Add lines 1 - 28) 526437 66046 592483 Enter beginning & end of year totals on Pg 7, Line 1 Rev 3/02 Page 5 Name:Falls Water Company Inc. For Year Ended ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL December 31 , 2002 SUB Depreciation Rate Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 304 Structures and Improvements 305 Collecting & Impounding Reservoirs 306 Lake, River & Other Intakes 307 Wells 22857 25009 2152 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 3443 4278 835 311 Power Pumping Equipment 100902 108766 7864 320 Purification Systems 15865 15865 330 Distribution Reservoirs & Standpipes 494 494 331 Trans. & Distrib. Mains & Accessories 58195 60680 2485 333 Services 334 Meters and Meter Installations 64095 73040 8945 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 340 Office Furniture and Equipment 5743 6048 305 341 Transportation Equipment 12960 12960 342 Stores Equipment 343 Tools, Shop and Garage Equipment 9583 9688 105 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property TOTALS (Add Lines 1 - 25)294137 316828 226911 Enter beginning & end of year totals on Pg 7, Line 7 Rev 3/02 Page 6 Name:Falls Water Company Inc. BALANCE SHEET For Year Ended December 31 , 2002 ASSETS Balance Beginning IncreaseBalance End of ACCT #DESCRIPTION of Year Year (Decrease) 101 Utility Plant in Service (From Pg 5, Line 29)526437 592483 66046 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)526437 592483 66046 108.Accumulated Depreciation (From Pg 6, Line 26)294137 316828 22691 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)232300 275655 43355 123 Investment in Subsidiaries 125 Other Investments Total Investments (Add lines 14 & 15) 131 Cash 7635 12735 5100 135 Short Term Investments 141 Accts/Notes Receivable - Customers 28687 34384 5697 142 Other Receivables 145 Receivables from Associated Companies 151 Materials & Supplies Inventory 162 Prepaid Expenses 173 Unbilled (Accrued) Utility Revenue 143 Provision for Uncollectable Accounts 1300 1300 Total Current (Add lines 17 -24 less line 25)35022 45819 10797 181 Unamortized Debt Discount & Expense 183 Preliminary Survey & Investigation Charges 184 Deferred Rate Case Expenses 186 Other Deferred Charges Total Assets (Add lines 13, 16 & 26 - 30)267322 321474 54152 Rev 3/02 Page 7 Name:Falls Water Company. Inc. BALANCE SHEET For Year Ended December 31 2002 LIABILITIES & CAPITAL Balance Beginning Balance End of Increase ACCT #DESCRIPTION of Year Year (Decrease) 201-Common Stock 25000 25000 204-Preferred Stock 207-Miscellaneous Capital Accounts 214 Appropriated Retained Earnings 215 Unappropriated Retained Earnings 90613 52177 38436 216 Reacquired Capital Stock 218 Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6)115613 77177 38436 221-Bonds 223 Advances from Associated Companies 134284 122541 11743 224 Other Long - Term Debt 231 Accounts Payable 21523 21523 232 Notes Payable 15032 49283 34251 233 Accounts Payable - Associated Companies 6047 6047 235 Customer Deposits (Refundable) 236.Accrued Other Taxes Payable 2820 1364 1456 236.Accrued Income Taxes Payable 236.Accrued Taxes - Non-Utility 237-Accrued Debt, Interest & Dividends Payable 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 44200 44200 272 Accum. Amort. of Contrib. in Aid of Const. **658 658 281-Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 - 29 152136 244300 92164 TOTAL LlAB & CAPITAL (Add lines 8 & 30)267749 321477 53728 ** Only if Commission Approved Rev 3/02 Page 8 Name:Falls Water Company Inc. STATEMENT OF RETAINED EARNINGS For Year Ended December 31 2002 Retained Earnings Balance 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 90613 38010 -426 52177 CAPITAL STOCK DETAIL No. Shares No. Shares 0 t t Dividends P 'Description (Class, Par Value etc. COMMON A th . donze u s an In!:) 1000 DETAIL OF LONG-TERM DEBT Interest Year-end Interest Interest escnptlon Rate Balance Paid Accrued Wilcox Construction 122541 8023 8023 Rev 3/02 Page 9 Name:Falls Water Company. Inc. SYSTEM ENGINEERING DATA For Year Ended December 31 , 2002 Provide an updated system map if significant changes have been made to the system during the year. Water Supply: Rated Capacity Type of Treatment: (None, Chlorine Fluoride Annual Production Water Supply Source (Well, Spring, Pump DesiQnation or location (gpm)Filter etc.(OOO's Gal.)Surface Wtr) WELL #1 750 SAND SEP 138179 WELL WELL #2 400 75474 WELL WELL #3 200 25414 WELL WELL #4 1500 SAND SEP 57315 WELL WELL #5 750 SAND SEP 215828 WELL PUMP #6 600 SAND SEP 102042 WELL PUMP # 7 600 118226 WELL WELL #8 1500 8407 WELL Sargent Well 4622 WELL System Storage: Total Capacity OOO' Usable Capacity OOO' Type ofReservoir Construction (Elevated Pres- (Wood , Steel StoraQe Designation or Location Gal.Gal.urized , Boosted)Concrete) Well 2/4 Pressurized Steel (Duplicate form and attach if necessary. Asterisk facilities added this year. Rev 3/02 Page 10 Name:Falls Water Company. Inc. SYSTEM ENGINEERING DATA (continued) For Year Ended December 31 , 2002 Pump information for ALL system pumps, including wells and boosters. Designation or Location Rated Capacity Energy Used Discharge PressureHorse & Type of Pump Power (gpm)(psi)This Year Well #2 Turbine Pump #2 400 Well #4 Turbine Pump #4 150 1500 Well #6 Submersible Pump #6 600 Well #7 Submersible Pump #7 600 SUBTOTAL OF ABOVE The Above are all on one Power meter Totaling 619611 Well #1 Trubine Pump #1 750 225201 Well #3 Submersible Pump #3 200 47308 Well #5 Trubine Pump #5 750 306503 Well #8 Trubine Pump #8 150 1500 25440 SarQent Well Submersible Pump 17963 ** 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? 740884299 158937184 No Record If customers are metered, what was the total amount sold in peak month?97300000 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?April, May, June, July, August, September, October 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? 350 10 Are backbone plant additions anticipated during the coming year? If Yes, attach an explanation of projects and anticipated costs! In what year do you anticipate that the system capacity (supply, storage or distribution) will have to be expanded?2005 Rev 3/02 Page 11 Name:Falls Water Company, Inc. SYSTEM ENGINEERING DATA (continued) For Year Ended December 31 2002 FEET OF MAINS Pipe Size In Use Beginning Of Year Installed During Year Abandoned During Year In Use End of Year 1532.1532. 2262.2262. 82680.3041 85721. 18406.5431 23837. 10"17468.3723 21191. 12"2927.1585 4512. CUSTOMER STATISTICS Number of Customers Thousands of Gallons Sold TOTALS (Add lines 2 through 8) This Last This Last Year Year Year Year 1357 1322 385499 276812 22464 29274 619 621 N/A N/A 166 139 N/A N/A 2172 2106 407963 306086 Metered: Residential Commercial Industrial Flat Rate: Residential Commercial Industrial Private Fire Protection Public Fire Protection Street Sprinkling Municipal, Other Other Water Utilities Rev 3/02 Page 12 CERTIFICATE State of Idaho ) ss County of Bonneville , the undersigned Kelly D. Howell. President and of the Falls Water Company. 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. (Officer in Charge of Accounts) Subscribed and Sworn to Before Me this / 7 day o f;'tZ , l.- NOT AR UBLIC "200 My Commission Expires c:; ~J1 (Zc 2-00'1- gd kI exce IIi nel son/a nu I rpls/wtra n nu al cpt Rev 3/02 Page 13