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Home My WebLink About2003Annual Report.pdfRECE\VED rY1.:.J ~~!LED . \ . 7Ufl4 FiPF 21 pJi 8: 36 7\.T ~~:~~, 1 '.L':I . ErIUilIJ,1JlO" FALLS WATER COMPANY, INC. NAME' 1770 Sabin Dr, Idaho Falls, ID 83406 ADDRESS TO TH E IDAHO PUBLIC UTiliTIES COMMISSION FOR THE YEAR ENDED December 31 2003 ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION FOR THE YEAR ENDING December 31 2003 11 Are there any affiliated companies? If yes, attach a list with names, addresses & descriptions. Explain any services 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 1770 Sabin DrCity Idaho FallsState IdahoZip 83406 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 Falls Water Company, Inc. January 9, 1959 Idaho 1770 Sabin Dr Idaho Falls Idaho 83406 Not-for-profit Corporation Bonneville County Name Phone No. Kelly D Howell 208-522-2525 Cindy Howell 208-522-2525 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 2003 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 and office 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 December 31 , 2003 460 461. 461. 462 464 465 466 400 Unmetered Water Revenue Metered Sales - Residential Metered Sales - Commercial, Industrial Fire Protection Revenue 104 379. 255 261. 138. 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 401 OPERATING EXPENSES 12 601.6 Labor - Operation & Maintenance 13 601.Labor -Customer Accounts 14 601.Labor - Administrative & General 15 603 Salaries, Officers & Directors 16 604 Employee Pensions & Benefits 17 610 Purchased Water 18 615-16 Purchased Power & Fuel for Power 19 618 Chemicals 20 620.6 Materials & Supplies - Operation & Maint. 21 620.8 Materials & Supplies - Administrative & General 22 631-34 Contract Services - Professional 23 635 Contract Services - Water Testing 24 636 Contract Services - Other 25 641-42 Rentals - Property & Equipment 26 650 Transportation Expense 27 656-59 Insurance 28 660 Advertising 29 666 Rate Case Expense (Amortization) 30 667 Regulatory Comm. Exp. (Other except taxes) 31 670 Bad Debt Expense 658. 32 675 Miscellaneous 610. 33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2) 910. 627. 361. 565. 625. 112. 837. 365. 185. 6,450. 580. 211. 503.40 609. 210. 519. Rev 3/02 Page 3 370 778. Booked to Acct # Booked to Acct 11271 Booked to Acct # 345 942. Name: ACCT # Falls Water Company, Inc. INCOME STATEMENT For Year Ended DESCRIPTION December 31 , 2003 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 (PUG) Property Taxes Payroll Taxes Other Taxes (list) 345 942. 28027. 811. 3957. DEQ Fees 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) Page 4 370 778. 378 768. 951. 359. 989.94) (3,407.58) (11 397.52) 515.46 (19 912.98) Name: SUB ACCT # Falls Water Company, Inc. ACCOUNT 101 PLANT IN SERVICE DETAIL For Year Ended December 31 , 2003 DESCRIPTION Balance Beginning of Year Added During Year Removed During Year Balance End of Year 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 195807 195807 320 Purification Systems 15865 15865 330 Distribution Reservoirs & Standpipes 494 494 331 Trans. & Distrib. Mains & Accessories 133121 21271 154392 333 Services 334 Meters and Meter Installations 134082 39269 173351 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 340 Office Furniture and Equipment 7476 1706 9182 341 Transportation Equipment 13261 15442 28703 342 Stores Equipment 10843 2787 13630 343 Tools, Shop and Garage Equipment 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property Rev 3/02 TOTAL PLANT IN SERVICE (Add lines 1 - 28) 592483 80475 672958 Enter beginning & end of year totals on Pg 7, Line 1 Page 5 Name:Falls Water Company, Inc. ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL For Year Ended December 31 , 2003 SUB Depreciation Rate Balance End of IncreaseBalance Beginning ACCT #DESCRIPTION of Year Year (Decrease) 304 Structures and Improvements 305 Collecting & Impounding Reservoirs 306 Lake, River & Other Intakes 307 Wells 25009 27161 2152 308 Infiltration Galleries & Tunnels 309 Supply Mains 310 Power Generation Equipment 4278 5112 834 311 Power Pumping Equipment 108766 116603 7837 320 Purification Systems 15865 15865 330 Distribution Reservoirs & Standpipes 494 494 331 Trans. & Distrib. Mains & Accessories 60680 64093 3413 333 Services 334 Meters and Meter Installations 73040 84489 11449 335 Hydrants 336 Backflow Prevention Devices 339 Other Plant & Misc. Equipment 340 Office Furniture and Equipment 6048 6381 333 341 Transportation Equipment 12960 16049 3089 342 Stores Equipment 343 Tools, Shop and Garage Equipment 9688 10067 379 344 Laboratory Equipment 345 Power Operated Equipment 346 Communications Equipment 347 Miscellaneous Equipment 348 Other Tangible Property TOTALS (Add Lines 1 - 25)316828!346314 29486 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 , 2003 ASSETS Balance End of IncreaseBalance Beginning ACCT #DESCRIPTION of Year Year (Decrease) 101 Utility Plant in Service (From Pg 5, Line 29)592483 672958 80475 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)592483 672958 80475 108.Accumulated Depreciation (From Pg 6, Line 26)316828 346314 29486 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)275655 326644 50989 123 Investment in Subsidiaries 125 Other Investments Total Investments (Add lines 14 & 15) 131 Cash 12735 36287 23552 135 Short Term Investments 141 Accts/Notes Receivable - Customers 34384 34096 288 142 Other Receivables 145 Receivables from Associated Companies 151 Materials & Supplies Inventory 162 Prepaid Expenses 173 Unbilled (Accrued) Utility Revenue 143 Provision for Uncollectable Accounts Total Current (Add lines 17 -24 less line 25)47119 70383 23264 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)322774 397027 74253 Rev 3/02 Page 7 Name:Falls Water Company, Inc. BALANCE SHEET For Year Ended December 31 , 2003 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 52177 34468 17709 216 Reacquired Capital Stock 218 Proprietary Capital Total Equity Capital (Add Lines 1-5+7 less line 6)77177 59468 17709 221-Bonds 223 Advances from Associated Companies 122541 121164 1377 224 Other Long - Term Debt 231 Accounts Payable 21523 5970 15553 232 Notes Payable 49283 60944 11661 233 Accounts Payable - Associated Companies 6047 11077 5030 235 Customer Deposits (Refundable) 236.Accrued Other Taxes Payable 1364 1364 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 139226 95026 272 Accum. Amort. of Contrib. in Aid of Const. **658 2118 1460 281-Accumulated Deferred Income Taxes Total Liabilities (Add lines 9 - 29 244300 336263 91963 TOTAL LlAB & CAPITAL (Add lines 8 & 30)321477 395731 74254 ** Only if Commission Approved Rev 3/02 Page 8 Name:Falls Water Company, Inc. For Year Ended STATEMENT OF RETAINED EARNINGS December 31 , 2003 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 53542 (19 913) 33629 CAPITAL STOCK DETAIL No. Shares Description (Class, Par Value etc. COMMON A th . d No. Shares 0 t t Dividends P 'oflze u s an InQ 1000 DETAIL OF LONG-TERM DEBT escflpllon a e a ance ccrue Wilcox Construction 116121 7551 Wilcox Construction 5043 965 Interest R t. f Rev 3/02 Page 9 Year-end B I Interest P ' Interest Name:Falls Water Company, Inc. SYSTEM ENGINEERING DATA For Year Ended December 31 2003 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 (Qpm)Filter etc.(GOO's Gal.)Surface Wtr) WELL #1 750 SAND SEP 31218 WELL WELL #2 400 76880 WELL WELL #3 200 30976 WELL WELL #4 1500 SAND SEP 192962 WELL WELL #5 750 SAND SEP 285608 WELL PUMP #6 600 SAND SEP 188522 WELL PUMP #7 600 25581 WELL WELL #8 1500 97044 WELL Sargent Well 4370 WELL System Storage: Total Capacity OOO' Usable Capacity OOO' Type ofReservoir Construction (Elevated, Pres- (Wood, Steel Storage 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 , 2003 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 700720 Well #1 Turbine Pump #1 750 76077 Well #3 Submersible Pump #3 200 73274 Well #5 Turbine Pump #5 750 266502 Well #8 Turbine Pump #8 150 1500 186080 Saraent Well submersible Pump 23304 ** 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? 928790833 208087 No Record If customers are metered, what was the total amount sold in peak month?112768 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? 200 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?2005 Rev 3/02 Page 11 Name:Falls Water Company, Inc. SYSTEM ENGINEERING DATA (continued) For Year Ended December 31 , 2003 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. 85721.10656 96377. 23837.4013 27850. 10"21191.1007 22198. 12"4512.200 4712. CUSTOMER STATISTICS Number of Customers Thousands of Gallons Sold TOTALS (Add lines 2 through 8) This Last This Last Year Year Year Year 1541 1357 457313 385499 25173 22464 623 619 N/A N/A 185 166 N/A N/A 2381 2172 482486 407963 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 State of Idaho ) ss County of , the undersigned CERTIFICATE Kelly D. Howell, President and of the Falls Water Companv. 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. ,:\\\\\\\\111111111111/ ~\\'i. r:::IIIII/, \..~ r/ """ 'A. -:': N' . .-:.:~~," ""~~;g~.... OTA ....~~::: ,~ ~, . (J'):::::)f-= ~ '"4 :~= 4iC) . ~:::~ ;"" USUC ';)0." -1'11 " .. ...." ~ ~ ~/II. ~ OF \0 ~\\\*1111/1/11111\\1\\\\\'\ Subscribed and Sworn to Before Me this / S day of pre,L- NOTARY PUB C My Commission Expires tC ~~C# Rev 3/02 Zt?o4 2010 Page 13 ?-.~ ( hi f Officer) (Officer in Charge of Accounts) gd kIexcel/j ne I son/anulrpts/wtran nua I rpt