2003Annual Report.pdf

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TO THE
, .
, IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED /c:2~3/-03
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 12/31/2003
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
Happy Valley Water System Inc.
25-Jul-
Idaho
10035 N. Memory Lane
Rathdrum
83858
Corp
Kootenai
11 Are there any affiliated companies? YES
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 made
to the service area during the year?
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 10035 N. Memo Ln.City RathdrumState I DZip 83858
Rev 3/02
Explain any services
Name Phone No.
Brett McCarty 687-1072
N/A
Nora McCarty 687-1072
N/A
Personal Care Data 765-1863
N/A
Brett McCarty 687-1072
Nora McCarty 687-1072
Page
NAME:Happy Valley Water System Inc.
COMPANY INFORMATION (Cont.)
For the Year Ended 12/31/2003
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?
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
Gallons/CCF $Amount
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
NAME:Happy Valley Water System Inc.
REVENUE & EXPENSE DETAIL
For the Year Ended 12/31/2003
ACCT #DESCRIPTION
400 REVENUES
460 Unmetered Water Revenue
461.Metered Sales - Residential 9854
461.Metered Sales - Commercial, Industrial
462 Fire Protection Revenue
464 Other Water Sales Revenue
465 Irrigation Sales Revenue
466 Sales for Resale
400 Total Revenue (Add Lines 1 - 7)9872
(also enter result on Page 4, line 1)
* DEQ Fees Billed separately to customers Booked to Acct #
** Hookup or Connection Fees Collected Booked to Acct #
***
Commission Approved Surcharges Collected Booked to Acct #
401 OPERATING EXPENSES
601.6 Labor - Operation & Maintenance 2470
601.Labor - Customer Accounts
601.Labor - Administrative & General
603 Salaries, Officers & Directors
16 604 Employee Pensions & Benefits
610 Purchased Water
615-16 Purchased Power & Fuel for Power 3782
618 Chemicals
620.6 Materials & Supplies - Operation & Maint.
620.8 Materials & Supplies - Administrative & General
631-34 Contract Services - Professional 1756
635 Contract Services - Water Testing 531
636 Contract Services - Other
641-Rentals - Property & Equipment
650 Transportation Expense
656-Insurance
660 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)
670 Bad Debt Expense
675 Miscellaneous
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)8640
Rev 3/02 Page 3
Name:
ACCT #
Happy Valley Water System Inc.
INCOME STATEMENT
For Year Ended 12/31/2003
DESCRIPTION
403
406
407
408. 1 0
408. 11
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)
8640
520
236
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
9872
112
9578
294
294
301 Organization 154 154
302 Franchises and Consents
303 Land & Land Rights
304 Structures and Improvements 1444 1444
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment
311 Power Pumping Equipment 7447 7447
320 Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations 2674 2674
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment
341 Transportation Equipment
342 Stores Equipment
343 Tools, Shop and Garage Equipment
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property
TOTAL PLANT IN SERVICE 11719 11719
Name:Happy Valley Water System Inc.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 12/31/2003
SUB
ACCT #
Balance
Beginning
of Year
Added
During
YearDESCRIPTION
Removed
During
Year
Balance
End of
Year
(Add lines 1 - 28)Enter beginning & end of year totals on Pg 7, Line
Rev 3/02 Page 5
Name:Happy Valley Water System Inc.
For Year Ended 12/31/2003
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
SUB
Depreciation
Rate
Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
304 Structures and Improvements 00%108 180
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment
311 Power Pumping Equipment 00%3351 3723 372
320 Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations 00%544 620
335 Hydrants
336 Backflow Prevention Devices
339 Other Plant & Misc. Equipment
340 Office Furniture and Equipment
341 Transportation Equipment
342 Stores Equipment
343 Tools, Shop and Garage Equipment
344 Laboratory Equipment
345 Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property
TOTALS (Add Lines 1 - 25)4003 4523 520
Enter beginning & end of year totals on Pg 7, Line 7
Rev 3/02 Page 6
Name:Happy Valley Water System Inc.
BALANCE SHEET
For Year Ended 12/31/2003
ASSETS Balance
Beginning
Balance
End of
Increase
ACCT #DESCRIPTION of Year Year (Decrease)
101 Utility Plant in Service (From Pg 5, Line 29)11719 11719
102 Utility Plant Leased to Others
103 Plant Held for Future Use
105 Construction Work in Progress
114 Utility Plant Aquisition Adjustment 3070 3070
7 108.
8 108.
9 108.
10 110.
11 110.
12 115
14 123
15 125
17 131
18 135
19 141
20 142
21 145
22 1 51
23 162
24 173
25 143
27 181
28 183
29 184
30 186
Rev 3/02
Subtotal (Add Lines 1 - 5)
Accumulated Depreciation (From Pg 6 , Line 26)
Accum. Depr. - Utility Plant Lease to Others
Accum. Depr. - Property Held for Future Use
Accum. Amort. - Utility Plant in Service
Accum. Amort. - Utility Plant Lease to Others
Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - 12)
Investment in Subsidiaries
Other Investments
14789
4003
14789
4523 520
324 529 205
Total Investments (Add lines 14 & 15)
Cash
Short Term Investments
10418 9662 (756)
4027 2204 (1823)
184 277Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies Inventory
Prepaid Expenses
Unbilled (Accrued) Utility Revenue
Provision for Uncollectable Accounts
Total Current (Add lines 17 -24 less line 25)
Unamortized Debt Discount & Expense
Preliminary Survey & Investigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)
4211 2481 (1730)
14629 12143 (2486)
Page 7
Name:
BALANCE SHEET
Happy Valley Water System Inc.
For Year Ended 12/31/2003
LIABILITIES & CAPITAL Balance
Beginning
IncreaseBalance
End of
ACCT #DESCRIPTION of Year Year (Decrease)
201-Common Stock
204-Preferred Stock
207-Miscellaneous Capital Accounts 0000 0000
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings 1849 2143 294
216 Reacquired Capital Stock
218 Proprietary Capital
9 221-
10 223
11 224
12 231
13 232
14 233
15 235
16 236.
17 236.
18 236.
19 237 -
20 241
21 251
22 252
23 253
24 255.
25 255.
26 261-
27 271
28 272
29 281-Accumulated Deferred Income Taxes30 Total Liabilities (Add lines 9 - 29
31 TOTAL LlAB & CAPITAL ( Add lines 8 & 30)
** Only if Commission Approved
Total Equity Capital (Add Lines 1-5+7 less line 6)
Bonds
Advances from Associated Companies
Other Long - Term Debt
Accounts Payable
Notes Payable
Accounts Payable - Associated Companies
Customer Deposits (Refundable)
Accrued Other Taxes Payable
Accrued Income Taxes Payable
Accrued Taxes - Non-Utility
Accrued Debt, Interest & Dividends Payable
Misc. Current & Accrued Liabilities
Unamortized Debt Premium
Advances for Construction
Other Deferred Liabilities
Accumulated Investment Tax Credits - Utility
Accum. Investment Tax Credits - Non-Utility
Operating Reserves
Contributions in Aid of Construction
Accum. Amort. of Contrib. in Aid of Const. **
Rev 3/02 Page 8
11849 12143 294
2780 (2780)
2780
14629 12143 I
(2780 )
(2486) I
Name:Happy Valley Water System Inc.
STATEMENT OF RETAINED EARNINGS
For Year Ended 12/31/2003
Retained Earnings Balance (Q) 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 (Q) End of Year
1849
294
2143
CAPITAL STOCK DETAIL
No. Shares
Description (Class, Par Value etc.
NO PAR VALUE
A th . d
No. Shares
0 t t
Dividends
P 'onze u s an Ing
DETAIL OF LONG-TERM DEBT
escnp110n a e a ance ccrue
Interest
R t. f
Rev 3/02 Page 9
Year-end InterestInterest
P '
Name:Happy Valley Water System Inc.
SYSTEM ENGINEERING DATA
For Year Ended 12/31/2003
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,
Water Supply:
Pump Designation or location (qpm)Filter etc.(OOO's Gal.)Surface Wtr)
tAl () , U
System Storage:
Total
Capacity
OOO'
Usable
Capacity
OOO'
Type ofReservoir Construction
(Elevated , Pres- (Wood , Steel
Storage Designation or Location Gal.Gal.urized , Boosted)Concrete)
(Duplicate form and attach if necessary. Asterisk facilities added this year.
Rev 3/02 Page 10
Name:Happy Valley Water System Inc.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 12/31/2003
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
Rated
Capacity
Discharge
Pressure
Energy
UsedHorse
& Type of Pump Power (gpm)(psi)This Year
** 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?
If customers are metered , what was the total amount sold in peak month?
Was your system designed to supply fire flows?
If Yes: What is current system rating?
How many times were meters read this year?
During which months?
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!
In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
Rev 3/02 Page 11
Name:Happy Valley Water System Inc.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 12/31/2003
FEET OF MAINS
Pipe
Size
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
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
County of
) ss
State of Idaho
, the undersigned
and
of the
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)
Subscribed and Sworn to Before Me
day ofthis
NOTARY PUBLIC
My Commission Expires
gdklexcel/j nelsonlanul rpts/wtrannual rpt
Rev 3/02 Page 13