2010Annual Report.pdf

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ANNUAL REP01(4 ~~/ ~ ~'~, ~ ~
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c?~
FALLS WATER CO., INC.
NAME
2180 N. Deborah Dr., Idaho Falls, ID 83401
ADDRESS
TO THE
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED December 31,2010
Falls Water Company Confidential 4/13/2011 Page 1
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING December 31,2010
11 Are there any affiliated companies? No
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
12 Contact i nformation Name
President (Owner)
Vice President
Secretary
General Manager
Complaints or Biling
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 utility.
14 Where are the Company's books and records kept?
Street Address 2180 N Deborah DrCity Idaho FallsState IdahoZip 83401
1 Give full name of utility
Telephone Area Code
E-mail address
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 Co., Inc.
[phone]
scott1 cæfallswater.com
1/7/1959
Idaho
2180 N Deborah Dr
Idaho Falls
Idaho
83401
Corporation
Bonnevile County and portions of Ammon, Idaho
Phone No
Brent Johnson 208-709-2669
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
Falls Water Company Confidential 4/13/2011
NAME:Falls Water Co., Inc.
Page 2
COMPANY INFORMATION (Cont.)
For the Year Ended December 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? Yes, Leased well site within FWC's Service Area
18 If yes: Name of Organization Lincoln Land Company LLC
Name of owner or operator Well operated by Falls Water Company, Inc.
Mailing Address PO Box 1768City Idaho FallsState IdahoZip 83403
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 Bils
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
26,156,300 I $
$Amount
3,300.38
No
No
6
52
8
64
July 2010
No
Falls Water Company Confidential 4/13/2011 Page 3
NAME:Falls Water Co., Inc.
REVENUE & EXPENSE DETAIL
For the Year Ended December 31,2010
ACCT#DESCRIPTION
400 REVENUES
1 460 Unmetered Water Revenue
2 461.1 Metered Sales - Residential 1,003,875
3 461.2 Metered Sales - Commercial, Industrial 46,067
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue 5,807
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines 1 - 7)1,055,749
(also enter result on Page 4, line 1)
9 * DEQ Fees Biled separately to customers Booked to Acct #
10 ** Hookup or Connection Fees Collected 56,410 Booked to Acct ti 271.3
11 ***Commission Approved Surcharges Collected Booked to Acct #
401 OPERATING EXPENSES
12 601.1-6 Labor - Operation & Maintenance 153,375
13 601.7 Labor - Customer Accounts 1,730
14 601.8 Labor - Administrative & General 134,333
15 603 Salaries, Officers & Directors 120,000
16 604 Employee Pensions & Benefits 68,795
17 610 Purchased Water 3,300
18 615-16 Purchased Power & Fuel for Power 112,128
19 618 Chemicals 4,907
20 620.1-6 Materials & Supplies - Operation & Maint.34,838
21 620.7-8 Materials & Supplies - Administrative & General 62,415
22 631-34 Contract Services - Professional 12,378
23 635 Contract Services - Water Testing 7,193
24 636 Contract Services - Other 26,122
25 641-42 Rentals - Propert & Equipment 63,994
26 650 Transportation Expense 41,724
27 656-59 Insurance 26,177
28 660 Advertising 1,280
29 666 Rate Case Expense (Amortization)1,251
30 667 Regulatory Comm. Exp. (Other except taxes)
31 670 Bad Debt Expense 10,143
32 675 Miscellaneous 8,988
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)895,070
Rev 3/02 Page 3
Falls Water Company Confidential 4/13/2011 Page 4
Name:Falls Water Co., Inc.
INCOME STATEMENT
For Year Ended December 31,2010
ACCT#DESCRIPTION
1 Revenue (From Page 3, line 8)1,055,749
2 Operating Expenses (From Page 3, line 33)895,070
3 403 Depreciation Expense 68,822
4 406 Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC)1,944
7 408.11 Property Taxes 9,652
8 408.12 Payroll Taxes 27,546
9A 408.13 Other Taxes (list)
9B
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes 20
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)1,003,055
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)52,694
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 Interest & Dividend Income 96
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income 8,010
25 426 Miscellaneous Non-Utility Expense 43,653
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)(35,547)
29 Gross Income (add lines 19 & 28)17,148
30 427.3 Interest Exp. on Long-Term Debt 49,635
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 & 31)(Also Enter on Pg 9, Line 2)(32,488)
Rev 3/02 Page 4
Falls Water Company Confidential 4/13/2011 Page 5
Name:Falls Water Co.! Inc.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended December 31,2010
Balance
Beginning
of Year
Removed
During
Year
Balance
End of
Year
Added
During
Year
SUB
ACCT#DESCRIPTION
301 Organization
302 Franchises and Consents
303 Land & Land Rights 1,988,867 12,222 2,001,089
304 Structures and Improvements 486,932 1,850 488,782
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells 400,431 -400,431
308 Infiltration Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment 16,693 16,693
311 Power Pumping Equipment 398,448 19,253 417,702
320 Purification Systems 26,436 -26,436
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories 906,136 906,136
333 Services
334 Meters and Meter Installations 956,733 46,572 1,003,305
335 Hydrants 50,371 7,592 57,962
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment 36,896 932 37,828
341 Transportation Equipment 60,607 60,607
342 Stores Equipment
343 Tools, Shop and Garage Equipment 24,049 24,049
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property
TOTAL PLANT IN SERVICE 5,352,598 88,421 -5,441,019
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
(Add lines 1 - 28)Enter beginning & end of year totals on Pg 7, Line 1
Rev 3/02 Page 5
Falls Water Company Confidential 4/13/2011
Name:Falls Water Co., Inc.
For Year Ended
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
December 31,2010
SUB
Depreciation
Rate
Balance
Beginning
Balance
End of
Page 6
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 21,640 38,320 16,680
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells 64,132 77,556 13,423
308 Infiltration Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment 10,120 10,955 835
311 Power Pumping Equipment 146,775 168,532 21,756
320 Purification Systems 18,583 19,788 1,205
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories 162,475 185,474 22,999
333 Services
334 Meters and Meter Installations 386,084 474,781 88,697
335 Hydrants 4,851 6,657 1,806
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment 21,781 27,525 5,745
341 Transportation Equipment 44,716 51,415 6,699
342 Stores Equipment
343 Tools, Shop and Garage Equipment 14,414 17,471 3,057
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property 179,267 268,900 89,633
TOTALS (Add Lines 1 - 25)1,074,838 1,347,372 272,534
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
Falls Water Company Confidential 4/13/2011 Page 7
Name:Falls Water Co., Inc.
BALANCE SHEET
For Year Ended December 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#DESCRIPTION of Year Year (Decrease)
101 Utility Plant in Service (From Pg 5, Line 29)5,352,598 5,441,019 88,421
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)5,352,598 5,441,019 88,421
108.1 Accumulated Depreciation (From Pg 6, Line 26)1,074,838 1,347,372 272,534
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)4,277,760 4,093,647 (184,113)
123 Investment in Subsidiaries
125 Other Investments
Total Investments (Add lines 14 & 15)
131 Cash 289,343 187,900 (101,443)
135 Short Term Investments
141 Accts/Notes Receivable - Customers 68,993 79,273 10,280
142 Other Receivables 58,729 58,683 (46)
145 Receivables from Associated Companies
151 Materials & Supplies Inventory
162 Prepaid Expenses 25,097 43,391 18,294
173 Unbiled (Accrued) Utility Revenue
143 Provision for Uncollectable Accounts 1,300 1,300 -
Total Current (Add lines 17 -24 less line 25)440,862 367,946 (72,915)
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)4,718,622 4,461,593 (257,029)
Rev 3/02 Page 7
Falls Water Company Confidential
Name:
For Year Ended
LIABILITIES & CAPITAL
4/13/2011
Falls Water Co., Inc.
BALANCE SHEET
Page 8
December 31, 2010
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#DESCRIPTION of Year Year (Decrease)
201-3 Common Stock 25,000 25,000 -
204-6 Preferred Stock
207-13 Miscellaneous Capital Accounts
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings 181,726 149,239 (32,488)
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)206,726 174,239 (32,488)
221-2 Bonds
223 Advances from Associated Companies 68,371 58,610 (9,761)
224 Other Long - Term Debt 1,349,957 1,292,512 (57,445)
231 Accounts Payable 57,587 57,587 -
232 Notes Payable 22,614 10,448 (12,166)
233 Accounts Payable - Associated Companies 64,817 67,206 2,390
235 Customer Deposits (Refundable)
236.11 Accrued Other Taxes Payable
236.12 Accrued Income Taxes Payable
236.2 Accrued Taxes - Non-Utility
237-40 Accrued Debt, Interest & Dividends Payable
241 Misc. Current & Accrued Liabilities 256 0 (256)
251 Unamortized Debt Premium
252 Advances for Construction
253 Other Deferred Liabilities
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 3,442,512 3,498,922 56,410
272 Accum. Amort. of Contrib. in Aid of Const. **(494,218)(697,930)(203,712)
281-3 Accumulated Deferred Income Taxes
Total Liabilities (Add lines 9 - 29 4,511,896 4,287,355 (224,541)
TOTAL L1AB & CAPITAL ( Add lines 8 & 30)4,718,622 4,461,593 (257,029)
Rev 3/02
** Only if Commission Approved
Page 8
Falls Water Company Confidential 4/13/2011 Page 9
Name:Falls Water Co., Inc.
STATEMENT OF RETAINED EARNINGS
For Year Ended December 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
181,726
(32,488)
o
149,239
7 Description (Class, Par Value etc.)
COMMON
CAPITAL STOCK DETAIL
No. Shares
h . dAut orize us an ing ai
1000 25
No. Shares
Ott d
Dividends
P 'd
DETAIL OF LONG-TERM DEBT
Interest Year-end Interest Interest
8 Description Rate Balance Paid Accrued
Frontier Propert Group 6%58,610 4,404
DEQ State RevolvinQ Loan Fund - DW-9923 3.25%203,741 7,287
DEQ State RevolvinQ Loan Fund - Well #9 3.25%1,088,771 37,944
Rev 3/02 Page 9
Falls Water Company Confidential 4/13/2011 Page 10
Name:Falls Water Co., Inc.
SYSTEM ENGINEERING DATA
For Year Ended December 31,2010
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:
Rated
Capacity
Type of
Treatment:
(None, Chlorine Annual
Fluoride Production
Water
Supply
Source
(Well, Spring,
Pump Desionation or location (oom)Filter etc.)(OOO's GaL)Surface Wtr)
Well #1 750 SAND SEP/CHLRN 131,244 WELL
Well #2 400 CHLORINATION 150,806 WELL
Well #4 1500 SAND SEP/CHLRN 197,691 WELL
Well #5 750 SAND SEP/CHLRN 229,083 WELL
Well #6 (Pump 6)600 12,511 WELL
Pump #7 (In Well #6)600 88,996 WELL
Well #8 1500 CHLORINATION 26,156 WELL
Well #9 3000 CHLORINATION 172,646 WELL
3 System Storage:
Total
Capacity
OOO's
Usable
Capacity
OOO's
Type of
Reservoir
(Elevated, Pres-
Construction
(Wood, SteelStoraoe Desionation or Location Gal.Gal.urized, Boosted'Concrete)
Well 2/4 5 1.8 Pressurized Steel
(Duplicate form and attach if necessary. Asterisk facilties added this year.)
Rev 3/02 Page 10
Falls Water Company Confidential 4/13/2011 Page 11
Name:Falls Water Co., Inc.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 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
Well #2, Turbine Pump #2 40 400 65
Well #4, Turbine Pump #4 150 1500 65
Well #6, Submersible Pump #6 75 600 65
Pump #7, Submersible Pump #7 75 600 65
SUBTOTAL OF ABOVE The Above are all on one Power Meter Totaling 583,434
Well #1, VFD Turbine Pump #1 75 750 65 290,034
Well #5, Turbine Pump #5 75 750 65 293,739
Well #8, Turbine Pump #8 150 1500 65 46,160
Well #9, VFD Turbine Pump #9 400 3000 65 353,160.. .** 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?
What was the total amount pumped during peak month?
What was the total amount pumped on the peak day?
1,013,220,234
217,116,778
8,816,513
6 If customers are metered, what was the total amount sold in peak month?194,228,000
7 Was your system designed to supply fire flows?
If Yes: What is current system rating?
Yes
4
8 How many times were meters read this year?
During which months?
7
April, May, June, July, August, September, October for ResidentiaL.
Commercial and Multi-family Residential are read year round.
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?
700
700
10 Are backbone plant additions anticipated during the coming year?
If Yes, attach an explanation of projects and anticipated costs!
No
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?2015
Rev 3/02 Page 11
Falls Water Company Confidential 4/13/2011 Page 12
Name:Falls Water Co., Inc.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended December 31,2010
FEET OF MAINS
1 Pipe
Size
2"1,238.85 --1,238.85
4"1,879.42 --1,879.42
6"220,181.26 --220,181.26
8"71,550.02 --71,550.02
10"29,489.35 --29,489.35
12"21,849.43 --21,849.43
In Use
Beginning
OtYear
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
3,669 3,609 864,670 893,616
84 81 51,274 39,284
--N/A N/A
372 372 N/A N/A
4,125 4,062 915,944 932,900
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 Utilities
Rev 3/02 Page 12
Falls Water Company Confidential 4/13/2011 Page 13
CERTIFICATE
State of Idaho )
) ss
County of Bonnevile
WE, the undersigned Brent Johnson, President, and K.: Scott Bruce, General Manager, of the
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,
~
(Chief Officer)
¡¿~~
(Officer in Charge of Accounts)
this /.~rÁ.day of /l1 '¡
~gC/~?,d0
NOTARy;&?IC '
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Subscribed and Sworn to Before Me
My Commission Expires Af/\ 'i /1( &/3
gdk/excel/jnelson/anulrptstrannualrpt
Rev 3/02 Page 13