2008Annual Report.pdf

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ADDRESS
TO THE
IDAHO PUBLIC
UTII_ITIESCOMMISSION
FOR THE
YEAR ENDED 02Lbf
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 1213112008
COMPANY INFORMATION
1 Give full name of utility
2 Date of Organization
3 Organized under the laws of the state of
4 Address of Principal Ofce (number & street)
5 P.O. Box (if applicable)
6 City
7 State
8 Zip Code
9 Organization (proprietor, partnership, corp.)
10 Towns, Counties served
Happy Valley Water System Inc.
25-Jul-01
Idaho
10045 N. Memory Lane
Rathdrum
ID
83858
S-Corp
Kootenai
11 Are there any affiliated companies? YES
If yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utilty.
12 Contac Information Name
President (Owner)
Vice President
Secretary
General Manager
Complaints or Billng
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 utilty.
14 Where are the Company's books and records kept?
Street Address 1005 N. Memory Ln.City RathdrumState IDZip 83858
Brett McCart 687-9170
N/A
Nora McCart 687-9170
N/A
Nora McCart 687-9170
N/A
Intearitv Water Management 683-0500
Nora McCart 687-9170
Phone No
Rev 3/02 Page 1
NAME:Happy Valley Water System Inc.
COMPANY INFORMATION (Cont.)
For the Year Ended 12/3112008
15 Is the system operated or maintained under a
service contrct?
16 If yes: With whom is the contract?
Yes
Integritv Waver Management
When does the contract expire? Yearl/April
What services and rates are included? Operator. back up operator
17 Is water purchase for resle through the system?
18 If yes: Name of Organiztion
Name of owner or operator
Mailing Address
City
State
Zip
No
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 recived during year concerning:
Quality of Service
High Bils
Disconnection
22 Number of Customers involuntarily disconnected
23 Date customers last recived a copy of the Summary
of Rules require by IDAPA 31.21.01.701?
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts ocur during the year?
If yes, attach full explanation
and an updated system map
Rev 3/02 Page 2
GallonslCCF $Amount
39630
No
NAME:Happy Valley Water System Inc.
REVENUE & EXPENSE DETAIL
For the Year Ended 1213112008
DESCRIPTION
40 REVENUES
ACCT#
1
2
3
4
5
6
7
8
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 * DEQ Fees Biled separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Colleced
460
461.1
461.2
462
464
465
466
400
9436
401 OPERATING EXPENSES
12 601.1-6 Labor - Operation & Maintenance
13 601.7 Labor - Customer Accounts
14 601.8 Labor - Administrative & General
15 603 Salaries, Offcers & Direcors
16 604 Employee Pensions & Benefits
17 610 Purchase Water
18 615-16 Purchased Power & Fuel for Power
19 618 Chemicals
20 620.1-6 Materials & Supplies - Operation & Maint.
21 620.7-8 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 - Propert & Equipment
26 650 Transporttion Expense
27 656-59 Insurance
28 660 Advertising
29 666 Rate Case Expense (Amortiztion)
30 667 Regulatory Comm. Exp. (Other excet taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)
4010
227
1650
197
3587
150
Rev 3/02 Page 3
50
9486
Boked to Acc #
Booed to Acc #
Booked to Acc #
9821
Name:
ACCT#
Happy Valley Water System Inc.
INCOME STATEMENT
For Year Ended 12131/2008
DESCRIPTION
1
2
3 403
4 406
5 407
6 408.10
7 408.11
8 408.12
9A 408.13
9B
9C
9D
10 409.10
11 409.11
12 410.10
13 410.11
14 411
15 412
16
17 413
18 414
19
20 415
21 416
22 419
23 420
24 421
25 426
26 408.20
27 409-20
28
29
30 427.3
31 427.5
32
Rev 3/02
Revenue (From Page 3, line 8)
Operating Expenses (From Page 3, line 33)
Depreciation Expense
Amortization, Utility Plant Aquisition Adj.
Amortiztion Exp. - Other
Regulatory Fees (PUC)
Propert Taxes
Payroll Taxes
Other Taxes (list) DEQ Fees
9486
9821
520
205
50
120
Federal Income TaxesState Income Taxes 20
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 Incoe (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-Utilit Exense
Other Taxes, Non-Utility Operations
Income Taxes, Non-Utilit Operations
Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26, & 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)
10736
(1250)
o
(1250)
(1250)
Page 4
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 Water System Inc.
ACCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ende 12131/2008
DESCRIPTION
(Add lines 1 - 28)
Balance
Beinning
of Year
Added
During
Year
301 Organization
302 Franchises and Consents
303 Land & Land Rights
304 Structures and Improvements 144 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 Offce 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 Propert
TOTAL PLANT IN SERVICE 11565 11565
Removed
During
Year
Balance
End of
Year
Enter beinning & end of year totals on Pg 7, Line 1
PageS
Name:Happy Valley Water System Inc.
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 12131/2008
SUB
Depreciation
Rate
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
ACCT#DESCRIPTION %of Year Year (Decrease)
304 Structures and Improvements 5.00%468 540 72
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 5.00%5211 5583 372
320 Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations 3.00%924 1000 76
335 Hydrants
336 Backfow Prevention Devices
339 Other Plant & Misc. Equipment
340 Offce 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 Propert
TOTALS (Add Lines 1 - 25)6603 . 7123 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 12131/2008
ASSETS Balance
Beginning
Balance
End of
Increase
or
ACCT#DESCRIPTION of Year Year (Decrease)
101 Utility Plant in Service (From Pg 5, Line 29)11565 11565 0
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
Subtotal (Add Lines 1 - 5)
Accumulated Depreciation (From Pg 6, Line 26)
Accum. Depr. - Utility Plant Lease to Others
Accum. Depr. - Propert 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
Total Investments (Add lines 14 & 15)
Cash
Short Term Investments
AcctslNotes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies Inventory
Prepaid Expenses
Unbiled (Accrued) Utility Revenue
Provision for Uncollectable Accunts
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)
3070
14635
6603
3070
14635
7123
o
520
1349 1554 205
6683 5958 (725)
361 3722 81
(190)(286)(96)
3451 3436 (15)
10134 9394 (740)
Page 7
Name:Happy Valley Water System Inc.
BALANCE SHEET
For Year Ended 12131/2008
LIABILITIES & CAPITAL Balance
Beinning
Balance
End of
Increase
or
ACCT#DESCRIPTION of Year Year (Derease)
201-3 Common Stock
204-6 Preferred Stock
207-13 Miscellaneous Capital Accunts 10000 10000 0
214 Appropriated Retained Earnings
215 Unappropriated Retained Earnings 134 (1116)(1250)
216 Reacquired Capital Stock
218 Proprietary Capital
1
2
3
4
5
6
7
8 Total Equity Capital (Add Lines 1-5+7 less line 6)
9 221-2 Bonds
10 223 Advances from Associated Companies
11 224 Other Long - Term Debt
12 231 Accounts Payable
13 232 Notes Payable
14 233 Accounts Payable - Associated Companies
15 235 Customer Deposits (Refundable)
16 236.11 Accrued Other Taxes Payable
17 236.12 Accrued Income Taxes Payable
18 236.2 Accrued Taxes - Non-Utility
19 237-40 Accrued Debt, Interest & Dividends Payable
20 241 Misc. Current & Accrued Liabilities
21 251 Unamortized Debt Premium
22 252 Advances for Construction
23 253 Other Deferred Liabilities
24 255.1 Accumulated Investment Tax Credits - Utility
25 255.2 Accum. Investment Tax Credits - Non-Utility
26 261-5 Operating Reserves
27 271 Contributions in Aid of Construction
28 272 Accum. Amort. of Contrib. in Aid of Const. -
29 281-3 Accumulated Deferred Income Taxes
30 Total Liabilities (Add lines 9 - 29
31 TOTAL L1AB & CAPITAL (Add lines 8 & 30)
** Only if Commission Approved
Rev 3/02 Page 8
9805 8884 (921)
0 510 510
0 0 0
o
98051
510
93941
510
(411)1
Name:HapP Valley Water System Inc.
STATEMENT OF RETAINED EARNINGS
For Year Ended 1213112008
1 Retained Earnings Balance em Beginning of Year
2 Amount Added from Current Year Income (From Pg 4, Line 32)
3 Other Credits to Accunt
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance em End of Year
134
(1250)
(1116)
CAPITAL STOCK DETAIL
No. Shares
7 Description (Class, Par Value etc.)
NO PAR VALUE
A th . d
No. Shares
Ott d
Diidends
P 'duorizeus an tng ai
10 10 0
DETAIL OF LONG-TERM DEBT
8 Descriotion
Interest
Rate
Year-end
Balance
Interest
Paid
Interest
Accrued
Rev 3/02 Page 9
Name:Happy Valley Water System Inc.
SYSTEM ENGINEERING DATA
For Year Ende 1213112008
1 Provide an updated system map if significant changes have ben made to the system during the year.
2 Water Supply:
Pump Desionation or location
Type of Water
Treatment:Supply
Rated (None, Chlorine Annual Source
Capacity Fluoride Production (Well, Spring,
(opm)Filter etc.)(DOO's Gal.)Surface Wtr)
3 System Storage:
Total Usable Type of
Capacity Capacity Reservoir Construction
OOO's OOO's (Elevated,Pres-(Woo, Steel
Storaoe Desionation or Location Gal.Gal.urized, Bosted)Concrete)
(Duplicate form and attch if necssary. Asterisk facilities added this year.)
Rev 3/02 Page 10
Name:Happy Valley Water System Inc.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 12131/2008
4 Pump information for ALL system pumps, including wells and bosters.
Designation or Loction Hors
Rated
Capacity
Discarge
Pressure
Energy
Use
& Type of Pump**Power (opm)(psi)This Year
.... .** Submit pump curves unless previously provided or unavailable. Astensk facilites added this year.
Attch additional sheet if inadequate space is available on this page.
5 If Wells are metered:
What was the total amount pumpe this year?
What was the total amount pumpe during pek month?
What was the total amount pumpe on the peak day?
6 If customers are metered, what was the total amount sold in peak month?
7 Was your system designed to supply fire flows?
If Yes: What is current system rating?
No
8 How many times were meters read this year?
During which months? April-o 7
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 vacnt lots?
o
10 Are backbone plant additions anticipated during the coming year?
If Yes, attch an explanation of projects and anticipate cots!
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
wil have to be expanded?
Rev 3/02 Page 11
Name:Happy Valley Water System Inc.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 1213112008
FEET OF MAINS
1 Pipe
Size
In Use
Beinning
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
24 24
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
CERTIFICATE
State of Idaho
County of ~fi
ss
WE, the undersigned
and
of the
utility, on our oath do severally say that the foregoing reprt h s ben prepre under our direcion,
from the original books, papers and records of said utilty; that we have carefully examined same, and
declare the same to be a correct statement of the business and affirs of said utilit for the perid
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.
~öL)a~
~~~
Subscribed and Sworn to Before Me
this~day of -l
~
, ei6'L
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MY COMMISSION EXPIRES
June 10, 2014
BOND THU NOTARY PUBLIC UNERWRITES
Rev 3/02 Page 13