2007Annual Report.pdf

..'....
Z003 JUH -5 AM 8: l 3
ANNUAL REP(JR1!~l~SION
OF .¡vw- W
Happy Valley Water System Inc.
9323 N. Government Way
PMB 288
Hayden, 1083835
ADDRESS
TO THE
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED 2007
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTLITIES CO_ISSION
FOR THE YEAR ENDING 12/31/2007
11 Are there any affliated companies? YES
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
12 Contact Information Name
President (Owner)
Vice President
Secretary
General Manager
Complaints or Biling
Engineering
Emergency Sérvice
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 utilty.
14 Where are the Company's books and recrds kept?
Street Address 10045 N. Memory In.City RathdrumSææ 10Zip 83858
1 Give full name of utilty
2 Date of Organization
3 Organized under the laws of the state of
4 Address of Principal Ofce (number & stret)
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 INFORMTION
Happy Valley Water System Inc.
25-Jul-Q1
Idaho
1005 N. Memry lane
Rathdrum
10
83858
S-Crp
Kootenai
Phone No
Brett McCart 687-1072
N/A
Nora McCart 687-1072
NIA
Nora McCart 687-1072
NIA
Brett McCart 687-1072
Nora McCart 687-1072
Page 1
NAME:Happy Valley Water Syæm Inc.
COMPANY INFORMATION (Cont.)
For the Year Ended 12/3112007
15 Is the system operated or mainæined under a
servic contract?
16 If yes: Wit whom is the contract?
When does the contract expire?
What services and rares are included?
No
17 Is water purchased for resale through the system?
18 If yes: Name of Organiztion
Name of ower or operator
Mailng Address
City
Sæte
Zip
No
Water Purchase
19 Has any system(s) been disapproved by the
Idaho Oivision of Environmental Qualit?
If yes, attach full explanation
20 Has the Idaho Oivision of Environmental Quality
remmended any improvements?
If yes, attach full explanation
21 Number of Complaints reived during year concerning:
Quality of Service
High Bils
Oiscnnecion
22 Number of Customers involunærily discnneced
23 Date customers last reived a copy of the Summary
of Rules reuired by 10APA 31.21.01.701?
Attach a copy of the Summary
24 Oid significant additions or retirements from the
Plant Accunts ocur during the year?
If yes, attach full explanation
and an updated system map
Rev 3/02 Page 2
GallonslCCF $Amount
71112007
No
NAE:Happy Valley Water System Inc.
REVENUE & EXPENSE DETAIL
For the Year Ended 12/3112007
OESCRIPTION
40 REVENUES
ACCT#
Unmetered Water Revenue
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)
9 * OEQ Fees Biled separately to customers
10 ** Hooup or Conecon Fees Colleced
11 ***Commission Approved Surcharges Collected
1
2
3
4
5
6
7
8
460
461.1
461.2
462
46
465
466
400
10335
401 OPERATING EXPENSES
12 601.1-6 labor - Operation & Maintenance
13 601.7 labor - Customer Acunts
14 601.8 labor - Administrative & General
15 603 Salari, Ofcers & Directrs
16 604 Employee Pensions & Benefits
17 610 Purcased Waær
18 615-16 Purcase Power & Fuel for Pow
19 618 Chemicals
20 620.1-6 Materals & Suppli - Opio & Main.
21 620.7-8 Materials & Supplies - Administrative & General
22 631-34 Contract Services - Professional
23 635 Contra Service - Water Testing
24 636 Contract Services - Other
25 641-42 Renæls - Proer & Equipment
26 650 Transportation Expense
27 656-59 Insurance
28 660 Advertising
29 66 Rate Case Expnse (Amortiztion)
30 667 Reglatory Comm. Exp. (Other exce taes)
31 670 Bad Debt Expense
32 675 Miscllaneous
33 Total Operaing Expenses (Add lines 12 - 32, als entr on Pg 4, tine 2)
4822
1640
322
1998
144
Rev 3/02 Page 3
10
10345
Boked to Acc #
Booed to Ac #
Booked to Acc #
153
2
901
INCOME STATEMENT
For Year Ende 12/3112007
ACCT # OESCRIPTION
1 Revenue (From Page 3, line 8)
2 Operating Expense (Fro Page 3, line 33)
3 403 Oepreciation Expense
4 406 Amortion, utilit Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC)
7 408.11 Propert Taxes
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list)
9B
9C
90
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
Name:
409.10
409.11
410.10
410.11
411
412
413
414
415
416
419
420
421
426
408.20
409-20
427.3
427.5
Rev 3/02
Happy Val Water System Inc.
10345
9081
520
205
50
20
DEQ Fees 120
Federal Income Taxes
Sææ Inco Taxes
Provision for Oeferred Income Tax - Federal
Provision for Oeferred Income Tax - Sæte
Proision for Deerred utili Incoe Tax Cred
Investment Tax Credits - Utilty
Toml Expeses from operations beor inter (add lies 2-15)
Income From Utilit Plant lease to Others
Gains (losses) From Dipoion of utilit Plant
Net Operating Income (Add lines 1,17 &18 less line 16)
Revenues, Merchandizing Jobing and Co Work
Expenses, Merchandizing, Jobbing & Contras
Inæret & Oividend Income
Allowce fo Funds used Durig Costructon
Miscllaneous Non-Utilty Income
Miscllaneous Non-utli Ex
Other Taxes, Non-Utilty Operations
Incoe Taxes, Non-utit Opats
Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26, & 27)
Gross Income (ad lines 19 & 28)
Interest Exp. on Long-Term Oebt
Other Interes Charges
NET INCOME (line 29 less lines 30 & 31) (Also Enter on Pg 9, line 2)
20
10016
329
o
329
329
Page 4
301 Orgnization 154 154 0
302 Franchise and Consents
303 land & land Rights
304 Structures and Improvements 144 144
305 Collecing & Impounding Reservoirs
306 lake, River & Oter Intakes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment
311 Power Pumping Equipment 7447 7447
320 Purication Systems
330 Oistributio Resrvoirs & Standpipe
331 Trans. & Oistrib. Mains & Accssories
333 Services
334 Meters and Meær Insællations 2674 2674
335 Hydrants
336 Backow Prevention Device
339 Other Plant & Misc. Equipment
340 Offce Fumiture and Equipment
341 Transportation Equipment
342 Stores Equipment
343 Tools, Shop and Garae Equipment
344 laboratory Equipment
345 Powr Operated Equipment
34 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Propert
TOTAL PLANT IN SERVCE 11719 11565
Name:
SUB
ACCT#
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
Rev 3/02
HappY Valley Waær System Inc.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ende 1213112007
DESCRIPTION
Balance
Beinning
of Year
Added
Ouring
Year
(Add hnes 1 - 28)
Removed
Ouring
Year
Balance
End of
Year
Enter beinnmg & end of year totls on Pg 7, line 1
Page 5
Name:Happy Valley Water System Inc.
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DeTAIL
For Year End 1213112007
SUB
Dereciation
Rate
Balance
Beinning
Balanc
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
ACCT#DESCRIPTION %of Year Year (Derease)
304 Structure and Improvements 5.00%396 468 72
305 Collecting & Impounding Resrvoirs
306 lake, River & Other Inækes
307 Wells
308 Infiltration Galleries & Tunnels
309 Supply Mains
310 Power Generation Equipment
311 Power Pumping Equipment 5.00%4839 5211 372
320 Purifcation Systems
330 Oistribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accssori
333 Services
334 Meters and Meter Installations 3.00%848 924 76
335 Hydrants
336 Backfow Prevention Devices
339 Other Plant & Misc. Equipment
340 Offce Fumiture 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 Miscllaneous Equipment
348 Other Tangible Propert
TOTALS (Add lines 1 - 25)6083 6603 520
Enter beginning & end of year tomls on Pg 7, lin 7
Rev 3/02 Page 6
Name:Happ Valle Water System Inc.
BALACE SHEET
For Year End 1213112007
ASSETS Balance
Beginning
Balance
End of
Increase
or
ACCT#OESCRIPTION of Year Year (Derese)
101 Utility Plant in service (From Pg 5, line 29)11719 11565 (154)
102 Utility Plant leased to Others
103 Plant Held for Future Use
105 Construction Work in Progress
1
2
3
4
5 114
6
7 108.1
8 108.2
9 108.3
10 110.1
11 110.2
12 115
13
14 123
15 125
16
17 131
18 135
19 141
20 142
21 145
22 151
23 162
24 173
25 143
26
27 181
28 183
29 184
30 186
31
Rev 3/02
Utilty Plant Aquisition Adjustment
Subtoæl (Add lines 1 - 5)
Accumulated Oepreciation (From Pg 6, line 26)
Accum. Depr. - Utilty Plant lease to Others
Accum. Oepr. - Propert Held for Future Use
Accm. Amort. - Utility Plant in Service
Accum. Amort. - Utilty Plant lease to Others
Accumulated Amortiztion - Aquisition Adj.
Net Utility Plant (line 6 less lines 7 - 12)
Investment in Subsidiaries
Other Investments
Toællnvestments (Add lines 14 & 15)
Cash
Short Term Investments
AcNotes Receivable - Customers
Other Receivables
Recivables from Assoiated Copanies
Materials & Supplies Inventory
Prepaid Exenses
Unbiled (Accrued) Utilty Revenue
Provision for Uncollecble Accunts
Toæl Currnt (Add lines 17 -24 less line 25)
Unamortized Oebt Discount & Exense
Preliminary Survey & Investigation Charges
Deferred Rate Case Expenses
Other Oeferred Charges
Total Asets (Add lines 13, 16 & 26 - 30)
Page 7
3070
14789
6083
3070
14635
6603
(154)
520
154 0 (154)
1144 1349 205
7408 6683 (725)
2208 361 1433
295 (190)(485)
2503 9483451
9911 10134 223
Ha VaHey Water Sytem Inc.
BALANCE SHEET
For Year Ende 1213112007
Nae:
LIABILlnES & CAPITAL Balance
Beinning
Balance
End of
Increse
or
ACCT#DESCRIPTION of Year Year (Derese)
201-3 Common Stock
204-6 Preferrd Stock
207-13 Miscellaneous capital Acunts 10000 1000 0
214 Appropriated Retained Earnings
215 Unappropriated Reæined Earnings (195)134 329
216 Reacquired Capitl Stoc
218 Proprietary Capital
1
2
3
4
5
6
7
8 Total Equity Capital (Add lines 1-5+7 les line 6)
9 221-2 Bonds
10 223 Advances from Associated Companies
11 224 Other long - Ter Debt
12 231 Accunts Payable
13 232 Notes Payable
14 233 Accunts Payable - Asiated Companies
15 235 Customer Oeposits (Refundable)
16 236.11 Acced Other Taxes Payable
17 236.12 Accrued Income Taxes Payable
18 236.2 Accrued Taxes - Non-Utility
19 237-40 Acrued Debt, Inærest & Oividnds Payable
20 241 Misc. Current & Accrued liabilties
21 251 Unamortized Debt Premium
22 252 Advance for Construction
23 253 Other Deferred liabilities
24 255.1 Accumulated Investment Tax Creits - Utilit
25 255.2 Acum. Investment Tax Credits - Non-Utilit
26 261-5 Operating Reserves
27 271 Contributions in Aid of Constructn
28 272 Acum. Amort. of Contrib. in Aid of Const. **
29 281-3 Accumulated Derr Income Taxes
30 Toælliabilties (Add lines 9 - 29
31 TOTAL LIAB & CAPITAL ( Add lines 8 & 30)
** Only if Commission Approve
Rev 3/02 Page 8
9805 32910134
106 0 (106)
0 0 0
106
9911 I
o
101341
(106)
2231
Name:Happy Val Water Syem Inc.
STATEMENT OF RETAINED EARNINGS
For Year Ende 12/3112007
1 Reæined Earnings Balance ~ Beinning of Year
2 Amount Added from Current Year Income (From Pg 4, line 32)
3 Other Creit to Acunt
4 Dividends Paid or Appropriated
5 Other Oistribuns of Retained Earngs
6 Reæined Earnings Balance ~ End of Year
(195)
329
134
7 Description (Class, Par Value etc.)
NO PAR VALUE
CAPITAL STOCK DETAIL
No. Shares
Ath'edunz u æn ing a
10 10 0
No. Share
o ts d"
Dividends
P id
DETAIL OF LONG-TERM DEBT
8 Descnption
Inæret
Raæ
Year-end
Balance
Inærest
Paid
Interest
Acced
Rev 3/02 Page 9
Name:Happ Valley Water Sysm Inc.
SYSTEM ENGINEERING DATA
For Year Ended 12/31/2007
1 Provide an updted system map if significnt changes have ben mad to the system during the year.
2 Water Supply:
Pump Designation or loctin
Typ of Water
Treatment:Supply
Rated (None, Chlorine Annual Sourc
Capaity Fluoride Prouction (Well, Spring,
(gpm)Filter etc.)(ooO's Gat)Surfce Wtr)
3 System Storage:
Toæl Usable Type of
Capacity Capacity Resrvoir Constructn
Ooo's OOO's (Eleate, Pres-(Woo, Steel
Storage Deignation or loction Gal.Gal.uried, Boted\Concte)
(Duplicate fonn and atch if neçeary. Asrik facilites added this year.)
Rev 3/02 Page 10
Name:Happy Valley Water System Inc.
SYSTEM ENGINEERING DATA
(contnued)
For Year Ende 1213112007
4 Pump informatio for All system pumps, including wells and boters.
Designation or loction Hors
RatedCapa Discarg
Preure
Energy
Use
& Tvoe of PumD**Powr (QPm)(psi)This Year
..... . ..** Submit pump curves unles previously prvided or unavailable. Astek failit ad tiiis ye.
Attch additional shee if inadeuat spa is availabl on this page.
5 If Wells are metered:
What was the toml amount pumpe this year?
What was the total amont pumpe during pek moth?
What was the toml amount pumpe on the pek day?
6 If customers are metered, what was the toml amont so in pek moth?
7 Was your system designed to supply fire flows?
If Yes: What is current system rating?
8 How many times were meters read this year?
Ouring which months?
4-
JvtM ¡ JW1 i a.I~lLS-4 ,3e,iOtLm.ku
9 Ho many additioal custome cold be seed wi no system improvemets
except a service line and meter?
How many of thos potential aditions are vacant lots?
10 Are backbone plant additions anticpated during the coing yer?
If Yes, atth an explanation of prec and antipa co!
11 In what year do you antiipate that the sysæm capa (supply, stora or distrbution)
will have to be expanded?
Rev 3/02 Page 11
Name:Happ Valley Water Sysæm Inc.
SYSTEM ENGINEERING DATA
(conue)
For Year Ende 1213112007
FEET OF MANS
1 Pipe
Size
In Use
Beinning
Of Year
Insmlled
Ouring
Year
Abandoned
During
Year
In Use
End of
Year
CUSTOMER STATITICS
Numbr of Custom Thousands of Gallos Sold
TOTALS (Add lines 2 through 8)
This last This last
Year Year Year Year
,21-,; Ll
:z Ll
2 Metered:
2A Residential
28 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
CERTIFICATE
Sæte of Idaho )
) ssCounty of )
WE, the undersigned ~tf &~
and
of the /~ t/¡¿ U2~ S¿~úm ZrJe-
utility, on our oath do severally say that the foreng report has ben prre undr our din,
from the original boks, papers and records of said utilit; that we hav careully examined same, and
delare the same to be a correc sttemt of the busine and afirs of said utilit for the period
covered by the report in respe to ea and eve matt and thing thenn se fort, to th be of our
knowlege, information and beief.
~6:sVr(Ch'Ofr)
~(Ofcer in C rg;n)
Subscribed and SWm to Before Me
\\,!""I1III//1...,'\ ~'!ll§.rO~
~ ..... ~..ç~~ I~OT~'\~:: : =::! ,.... . :::.\~~!~-: .. ¡ ii'- '. .' ~~cP~"" ....0 §
~'f)';:"""""'i.~ ~~
~/. I; OF 'Or. \\~"///111",'.'
this ..~ day of ~ ' ållJ08'~~.¿
NOTARY PUBLIC ~
My Commission Expires / ¿) - / S - / 3 gd~
Rev 3/02 Page 13