20130611Application.pdf

June 7, 2013
ldaho Public Utilities Commission
PO Box 83720
Boise, lD 83720-0074
Re: Sale/Purchase of Happy Valley Water System lnc
1.
2.
3.
4.
5.
6.
7.
Dear Sirs,
On October L,2OlO, Brett and Nora McCarty sold the Happy Valley Water
System lnc to Ken and Cathy Rickel. Due to the change of ownership, we are
requesting that the Certificate of Convenience and Necessity No. 364 be
transferred to the new owners, Ken and Cathy Rickel. The name of the water
company will remain the same.
As part of our application for certificate transference, we are submitting the
following documents:
o Letter to the ldaho Public Utilities Commission regarding the
sale/purchase of the Happy Valley Water System lnc
A copy of the signed Purchase/Sales Agreement
A copy of the Warranty Deed
Signed resignation of previous corporate officers
Form of Organization with Articles of lncorporation
Property Description and Map
Unaudited Financial Statements (5 Years) for the Happy Valley Water
System lnc
A copy of the 2010 IPUC Annual Report (for valuation purposes at time of
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sale)
8. Change of Registered Agent with ldaho Secretary of State
9. Buyer'sQualifications
1.0. Drinking Water Distribution Operator Licenses for Ken Rickel
LL. Unaudited Statement of Net Worth for Ken & Cathy Rickel as of
3l3Ll20L1
l-2. Business Plan
13. Notice sent to customers
Thank you for your consideration and we look forward to hearing from you
regarding the transfer of the Certificate of Convenience and Necessity No. 354
for the Happy Valley Water System lnc.
Sincerely,
Kew $ cathg e.icheL
PO Box 1261 l Hayden, lD 83835 | [phone]
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NEW CASE
APPLICATION FOR THE TRANSFER OF
CERTIFICATE OF PUBLIC CONVENIENCE
AND NECESSITY #364
For the
Happy Valley Woter System lnc
Transfer from: Brett & Nora McCarty
To: Ken & Cathy Rickel
Application submitted by:
Kenneth L Rickel, Owner and Manager
(208) 550-2s50
PO Box 2306
Hayden, lD 83835
[e-mail]
May27,2OLL
ldaho Public Utilities Commission
PO Box 83720
Boise,lD 83720{1074
Re: Sale/Purchase of Happy Valley Water System lnc
Dear Sirs,
On October !,zOtO, Brett and Nora McCarty sold the Happy Valley Water System lnc to Ken and Cathy
Rickel. Due to the change of ownership, we are requesting that the Certificate of Convenience and
Necessity No. 364 be transferred to the new owners, Ken and Cathy Rickel. The name of the water
company will remain the same.
As owners of 2 other small successful water companies (Rickel Water and Bitterroot Water Company),
Ken and Cathy are very familiar with the Commission's regulatory authority, Utility Customer Relations
Rules, Customer lnformation Rules and are prepared to abide by them. Their involvement in the water
utility industry has given them the business expertise, financial ability and water system experience to
operate and maintain the Happy Valley Water System without question. Ken is very familiar with the
water system testing requirements of the ldaho Department of Environmental Quality and has
completed the requirements for water system operator certification.as required by IDAPA 58.01.08 Rule
554.
Ken and Cathy Rickel are aware that the valuation of the system by the IPUC will be the basis established
by the Commission at the time the present rates were established, adjusted for additional depreciation
or improvements. Ken and Cathy understand that, as with their otherwater companies, the accounting
for Happy Valley Water System lnc will be in accordance with the Commission's Uniform System of
Accounts and the books of the company are to be maintained on a stand-alone basis, separate and apart
from any other business activities of Ken and Cathy.
As new owners, Ken and Cathy Rickel are contemplating a Rate Case in the immediate future.
Kenneth W Rickel, Buyer
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Warranty Deed
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AGBEU rr{ENT pI' SAL,P AND,P]IRCHA$Eqr
BUSTNES$
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THIS AGREEMENT, madc and entered into this j day of Ooldhcq . 2010,
by and between BRETT C, McCARTY and NORA L. MoCARIY, husband and wife, hereinaftcr
referred to as SELLER whose address is 9323 North Government Way, PMB 288, Hayden,Idaho
83835 and KENNETH and CATHY RICKE[,, husband and wife, whos€ address is P.O. Box 1261,
Hayden, Idaho 83 83 5, hereinafter referred to as BUYER. The terms SELLER and BUYER are used
herein without regard to the number or gender of the persons oonstituting such parties. If the
SELLER and/or BUYER consists of TWO (2) or moro persons, including but not limited to
individuals, corporatiofls, pa^rtnerships, associations or other entities, suoh persorrs shall bo joiutly
and severally liable hereunder. Furthermore, whenever any other neuter or singular term is rxed
WHEREAS, the SELLER is the owner of all of the outstanding and issued stock in HAPPY
VAILEY WATBR SYSTEM, INC., an Idaho Corporation, and does desiro to sell, convey and
hansfer the sarne urto ttre BUYER upon the terms and conditions as horeinafter Eat forth, for and
in oonsideration oftho payment ofttre sums in the amounts and at the times speoified hereinafter and
set forth; and,
WHEREAS, the BUYER does desire to puchase all of the outstanding and issued stock of
HAPPY VALLEY WATER SYSTEM, INC., an Idaho Corporation, upon the terms and conditions
set forth and in consideratron thereof does hereby agree to pay the sums in the amounts and at the
times called for and specified in this agroemen! and in addition thereto does oovenaut to perform
each and every term and condition upon their part to be performed horeunder,
Now, THEREFOR_E,
FOR AIID IN CONSIDEMTION of the sum of EIGHT TIIOUSAND DOLLARS
I.AGREEMENT OF SALE AND PURCHASE OFREAL PROPERTYAI"ID BUSINHSS ASSETS
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($8,000.00), to be paid by the BUYER unto the SELLER at the tirnes and in the manner hercinafter
specified; the SELLER does hereby agree to sell, fiansfer and convey unto the BUYIER thc stock
ownership upon the following terms, conditions and covenants:
STQOK QTYI$ERSHIP;
The stock ownership to bc conveyed hereunder consists of the ter outstanding alrd issued
shares inHAPPY VAILEYWATER SYSTEM,INC., anldaho Corporation, andall busincss assets
of the same including real property.
POSSESSION:
The BUYER shall be entitled to possession of the stock and all rights associated therewith
orr the date of olose. SELLERS shall also resign as Directors and Officers of the Corporation upon
the closing of this transaction,
PURCHA.SE PRICEI
The total purchase price of EIGHT THOUSAND DOLLARS ($8,000.00), shall be paid in
the manner and form as follows:
a, BUYER shall exeoute a Note, and a Deed of Trust securing said Note upon the real
prcperty owned byHAPPYVALLEY WATER SYSTEM,INC., which sttall bepayable, without
interest, in the amount of EIGHT THOUSAND DOLL{RS ($8,000.00) commencing immediately
upon BUYER'S successful prosecution of guy-rate increase with the Idaho Public Utilities
Commission for the customers served by the businees and continuing for forty (a0) months
thereafter. BUYER shall execute a Deed of Trust secwing said Note,
c[Q.sII$G A.,GE.J$T:
CHARIES M. DODSON, Attorney at Law shall be the closing agent of this tansactiou.
(The parties hereto acknowledge that CHARLES M. DODSON has prepared this aod related
documents and represents only the seller.)
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The SELLERdoes herebywarrant unto the BUYERthat all real propertytaxes andporsonal
property tfies, if any, for the years 2008, 2009 and any interest charges due thercunder for
2-AOREEMENT OF SALE AND PURCHASE OF REAL PROPERTY AI{D BUSINESS ASSETS
(3
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delinquency relating to all property owned by the Corporation, will be paid, digcharged and retired
at the date of closing of this conhact.
IFGAL REPBESENTAT,IONS ;
CHARLES M, DODSON, Attorney at Law, the same having drawnthe Agreoment of Sale
and Purchase and related documente represents the SELLER ONILY.
THE BUYER SHOULD OBTAIN THE ADVICE OF THEIR OV/N COIINSEL,IF THEY SO
DESIRE. BLryER shall reimburse SELLER one-half of the costs of preparetion of the sale
documonts.
ATTORNEY-'S EEEs-i
In the event of any suit or proceeding by either party herein against the other party, in any
way arising out ofthis Agreement, or attempting to enforce any rigfit herein granted, the losing party
in such suit or proceeding shall pay to the prevailing pafiy such sum or sums as the Court sltsll
adjudge reasonable, irr suoh suit or proceeding, for Attorney's fees incurred by such prevailing parly.
THIS AGREEMENT shall bebindinguponthe hefus, adrninisfrators, executors, assigns,and
successor$ of the parties.
IN MTNESS WHEREOF, the parties hereto have set their hands the day and year in this
Agreement fnst above written.
,'BUYERUr-\\J
3.AGREEMBNT OF SALE AND PURCHASE OF REAL PROPERTY AI.ID BUSINESS ASSETS
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STATE OF IDAHO )
) ss.
Corurty of Kootenai )
On this -r-fd* ,f C/dt*.. , ." --.201
0, befote me, the rurdersigned Notary Publio
in and for said state, personally rippeared BRETT C. MoCARTY andNORA L. MoCARTY, known
or identified to me to be the persorur whose rurmes are subscribed to the foregoing instrument, and
acknowledged to me that they executed tho samc.
IN WITI,IES S WHEREOF, I have hereunto set my hand and seal the day and year first above
(.3 STATE OP ID
Countyof Kootenai
On this -{auv "f ,j A&-o--,, 2010, before me, the rurdersigned Notary Public
-
in and for said state, personally appeared KENNETI{ RICKEL and CATHY RICKEL known or
identified to me to be the persons whose names are subscribed to the foregoing instnrment, and
acknowledged to me that they executed the same.
IN WITNESS WHEREOF, I have hereunto seal the day andyear fust above
writteu.
MY C0MMISSION ETGIBES: e )>lt c
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r a\\s*R-ESIDINO l$: ftu: 6!t * r t
MY COMMISSION E}OIRES: I IIOI I To
ARY PUBLICJOR:
4.A GREEMENT OF SAIE AND PURCHASE OF REAL PROPERTY AhID BUSINES S ASSETS
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WARRANTY DEED
FOR VALLIE RECEI-D BRETT C, McCARTY and NORA L. McCARTy, the
GRAI{TORS dohereby granl bargain, sellarrdoorrveyunto HAPPYVALLEYWATER SYSTEM,
INC., an Idatro Corporation" tho GRAI{TEE, whose address is 9323 North Govemme,nt Way, P}vIB
#288, Hayder. Idaho 83835, ths following described premises, in Kootonai County, Idaho, to-wit:
The North 130 feet of the East 130 feet of the Northeast quartef of the Southeast
quartor of the Southwost quartu Section 17, Township 51 North. Range 4 West,
Boise Meridiau, Kootenai County, Idaho
Subjectto easomertts and eucumbrances of view or of record.
TO HAVE AIilD TO HOLD the said premisee, with their appurternnoos unto the said
GRAIITEE, its heirs and assigRs forever. And the said GRAIITORS do hEreby covenant to and with
the said GRAIITEE, that it is the oumer in fee simple of said premises; that they are &ee from all
encumbrances except easements and encrrnbranoes of view or ofrecord and that it will warraut and
defend the same from all lavfiil claims whatsoever.
)
) ss.
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DATED,rir4l.l day of
f;fJilY Iii!l ] i:ili
[ lii !{} fi" iiirli r-i l, ii
STAIE OF IDATIO
Corurty of Kootenai
Onttns!4fhay of
in and for said state, personally
l- IIIAR-RAI*ITY DEED
2010, before me, the undersignedNotaryPublic
Efu dd aEllhtEHsEH,kinill:llii
!E9:EEq gF cHnnLrE DoDs0]i-
ffiflffitiffffi rru un ru lt rur lu u ur H'
d-dN."f
rr[t
O,rD
i-3'-J frpearcd BRETT McCARTY and NORA MoCARTY, ]nown or
identifled to mo to be the persons whose names are subscribed to the foregoing insErrment, and
acknowledged to rne that they executed the same.
INWITI.IESS WHEREOF,Ihavehereunto setmyhaudand seal the dayandyearfirstabovc
written.
2- WARMI*TTY DEED
G
S/E, the undercigned do herebyresign as OfficersiDirectors of HAPPY VALLEY WATER
SYSTEM, INC., an Idatro Corporation effective immediately.
DATED October 1,2010.
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Form of Organization
The Happy Valley Water System lnc is a general business corporation formed with Articles of
lncorporation filed with the ldaho Secretary of State on July 25, 200t (copy attached).
The members of the Board were:
o Brett McCarty - President
o Nora McCarty - Secretary/Treasurer
Upon transfer, the new Board members will be:
o Kenneth Rickel- President
o Cathy Rickel - Secretary/Treasurer
o
ARTICLES OF INCORPORATION
(General Business)
(lnstructions on back of application)
The undersigned, in orderto form a Corporation underthe provisions
of Title 30, Chapter 1 , ldaho Code, submits the following articles of
incorporation to the Secretary of State.
Article 1:The name of the corporation shall be: HAPPY VALLEY WAIEE
Article2:
Article 3:
The number of shares the corporation is authorized to issue:10
The street address of the rogistered office is: 10035 N,-MEI\GY IAI{E RATIIDRTJM rD 83858
and the registered agent at such address is:Brett l4ccarty
Artide 4:The nama and address of the incorporator are: Brett .& Nora McCartv 1.0035 N. lvternory Ln
trlarthdnrn, ID 83858
The mailing address of the coporalion shall be:10035 N. Ivlemcry Ln. Rathdnxn, ID 83858
Optional afticles:
Cuslomer Acct fl:
(ll uiry prcr.id accounl)
A -secrerarv or Siari u"e onri-
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Kootcnni County,Idaho
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05126t1'l
Accrual Basis
-L
-v
Happy Valley Water System lnc.
Balance Sheet
As of December 31, 2008
Dec 31,08
ASSETS
Current Assets
Checking/Savings
131 . Mountain West Bank (205003640)
Total Checking/Savings
Accounts Receivable
141 . Accounts Receivable
Total Accounts Receivable
Other Current Assets
131.1 . Undeposited Funds
Total Other Current Assets
Total Current Assets
Fixed Assets
101 . Plant in Service
1 01.304' Structure & lmprovements
101 .311 . Power Pumping Equip
101 .334.Meters
Total 101 . Plant in Service
1 08.1 . Accumulated Depreciation
114 . Utility Plant Acquistion Adi
'115 . Accumulated Amort.-Acquis. Adj
Total Fixed Assets
TOTALASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
200 . Accounts Payable
Total Accounts Payable
Total Current Liabilities
Total Liabilities
Equity
215 . Retained Earnings
218 .Capital Stock
Net lncome
Total Equity
TOTAL LIABILITIES & EQUITY
2,979.82
2,979.82
-286.46
-286.46
743.00
743.00
3,436.36
1,443.91
7,446.86
2,673.65
't1,564.42
-7,122.63
3,069.93
-1 ,554.00
5,957.72
9,394.08
(1,
51 0.1 3
51 0.1 3
51 0.1 3
51 0.1 3
133.96
10,000.00
-1,250.01
8,883.95
9,394.08
'12:48 PM
05t26111
Accrual Basis
,--\\9
Happy Valley Water System lnc.
Profit & Loss
January through December 2008
Ordinary lncome/Expense
lncome
461.1 . Sales-Metered Residential
Total lncome
Expense
401' OPERATING EXPENSES
615' Power
620,7-8' Materials & Supplies-Admin
620.7-1 ' Office Supplies
620.7-2' Postage and Delivery
Total 620.7-8 . Materials & Supplies-Admin
630 ' Contract Seryices - Billing
631 . Contract Services - Prof
631.1 . Accounting
Total 631 ' Contract Services - Prof
635 ' Contract Services - Testing
636 . Contract Services - Other
642 . Other rentals
675 . Miscellaneous
675.99' Misc Expenses
Total 575 ' Miscellaneous
TOIAI4Ol . OPEMTING EXPENSES
403 . Depreciation Expense
406 . Amortization Expense
408 'Taxes
408.10 . Regulatory Fees - PUC
408.13 ' Other Taxes
Total 408 .Taxes
409.11 .State lncome Taxes
Total Expense
Net Ordinary lncome
Other lncome/Expense
Other lncome
419 . lnterest lncome
Total Other lncome
Net Other Income
Net lncome
Jan - Dec 08
('3
9,435.86
9,435.86
4,009.78
96.95
130.35
227.30
1,200.00
450.00
450.00
197.00
3,586.90
1s0.00
0.00
0.00
9,820.98
520.00
205.00
50.00
120.00
170.00
20.00
10,735.98
-1 ,300.12
50.1 1
50.1 1
50:11
-1,250.01
G
Page 1
1:14 PM
05126t11
Accrual Basis
]rj
Happy Valley Water System lnc.
Balance Sheet
As of December 31, 2009
ASSETS
Current Assets
Checking/Savings
131 . Mountain West Bank (205003640)
Total Checking/Savings
Accounts Receivable
141 . Accounts Receivable
Total Accounts Receivable
Other Current Assets
13'1.1 . Undeposited Funds
Total Other Current Assets
Total Current Assets
Fixed Assets
101 . Plant in Service
101.304 . Structure & lmprovements
101.311 . Power Pumping Equip
101.334 . Meters
Total 101 . Plant in Service
'108.1 ' Accumulated Depreciation
't14 . Utility Plant Acquistion Adj
115 . Accumulated Amort.-Acquis. Adj
Total Fixed Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
200 ' Accounts Payable
Total Accounts Payable
Total Current Liabilities
Total Liabilities
Equity
215' Retained Earnings
218 ' Capital Stock
Net lncome
Total Equity
TOTAL LIABILITIES & EOUITY
Dec 31, 09
307.48
307.48
388.95
388.95
54,00
54 00
750.43
1,443.91
7,446.86
2,673.65
11,564.42
-7,642.63
3,069.93
-1,759.00
5,232.72
5,983.15
\.3
2,090.00
2,090.00
2,090.00
2,090.00
-1,1 16.05
10,000.00
-4,990.80
3,893.1 5
5,983.15
(3
Page 1
1:15 PM
o5l26t'11
Accrual Basis
Happy Valley Water System lnc.
Profit & Loss
January through December 2009
Ordinary lncome/Expense
lncome
46'1.1 . Sales-Metered Residential
Total lncome
Expense
401 . OPERATING EXPENSES
6'15 . Power
620.7-8' Materials & Supplies-Admin
620.7-1 . Office Supplies
620.7-2' Postage and Delivery
Total 620.7-8 ' Materials & Supplies-Admin
630 . Contract Services - Billing
631 . Contract Services - Prof
631.1 'Accounting
Total 63't . Contract Services - Prof
635 . Contract Services - Testing
636 . Contract Services - Other
642 . Other rentals
675 . Miscellaneous
675.1 . Bank Service Charges
675.99 . Misc Expenses
675' Miscellaneous - Other
Total 675 . Miscellaneous
Total 401 . OPERATING EXPENSES
403 . Depreciation Expense
406' Amortization Expense
408 ' Taxes
408.10 ' Regulatory Fees - PUc
408.11 ' Property
408.1 3 . Other Taxes
408.Taxes-Other
Total 408 ' Taxes
409.11 . State lncome Taxes
Total Expense
Net Ordinary lncome
Other lncome/Expense
Other lncome
419 . lnterest lncome
Total Other lncome
Other Expense
426 'Other Expenses
Total Other Expense
Net Other lncome
Net lncome
(3 Jan - Dec 09
(-3
9,898.44
9,898.44
6,451.03
118,72
151 .24
269.96
1,200.00
395.00
395.00
185.00
5,070.00
72.00
69.05
50.00
10.23
129.28
13,772.27
520.00
205.00
50.00
29.36
120.00
0.00
199.36
20.00
14,716.63
-4,818.19
7.06
7.06
179.67
179.67
-172:61
4,990.80
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Page 1
1:16 PM
05126111
Accrual Basis
Happy Valley Water System lnc.
Balance Sheet
As of December 31, 2010
(3 Dec 31,10
1,715.42
297.05
2,012.47
25.67
25.67
2,038.14
1,443.91
7,446.86
2,673.65
11,564.42
-8,220.63
3,069.93
-1,964.00
4,449.72
6,487.86
G
ASSETS
Current Assets
Checking/Savings
100 . Happy Valley WF Checking (1199)
110 . Happy Valley WF Savings (6065)
Total Checking/Savings
Accounts Receivable
141 . Accounts Receivable
Total Accounts Receivable
Total Current Assets
Fixed Assets
101 ' Plant in Service
101.304 . Structuro & lmprovements
'101.311 . Power Pumping Equip
101.334 . Meters
Total 101 ' Plant in Service
108.1 . Accumulated Depreciation
114 . Utility Plant Acquistion Adj
1 15 . Accumulated Amort.-Acquis. Adj
Total Fixed Assets
TOTALASSETS
LIABILITIES & EQUIry
Liabilities
Current Liabilities
Accounts Payable
200 ' Accounts Payable
Total Accounts Payable
Other Current Liabilities
233.1 . Loan Payable- McCarty
233.2 . Loan Payable - Rickel
Total Other Current Liabilities
Total Current Liabilities
Total Liabilities
Equity
215.Retained Earnings
218 . Capital Stock
300 . Opening Bal Equity
Net lncome
Total Equity
TOTAL LIABIL]TIES & EQUITY
2,390.00
2,390.00
900.00
500.00
1,409:09
3,790.00
3,790.00
-6,106.85
10,000.00
500.00
-1,695.29
2,697.86
6,487.86
(,]
Page I
1:16 PM
ost26l'11
Accrual Basis
bil
Happy Valley Water System lnc.
Profit & Loss
January through December 2010
Ordinary lncome/Expense
lncome
461.1 . Sales-Metered Residential
Total lncome
Expense
401 . OPERATIT.IG EXPENSES
60'1.1-6' Labor-Operation & Mtc
601.1-2 . Grounds Maintenance
Total 601.1-6 . Labor-Operation & Mtc
615' Power
620.1-6 . Materials & Supp - Oper & Mtc
620.1 . Materials & Supplies--Op. & Mai
Total 620.1-6 ' Materials & Supp - Oper & Mtc
620.7 -8' Materials & Supplies-Admin
620.7-1 . Office Supplies
620.7-2. Postage and Delivery
Total 620.7-8 . Materials & Supplies-Admin
630 . Contract Services - Billing
631 . Contract Services - Prof
631,'t .Accounting
Total 631 ' Contract Services - Prof
635 . Contract Services - Testing
636 ' Contract Services - Other
675 . Miscellaneous
675.1 ' Bank Service Charges
675.3 ' PO Box Rental
675.4'Annual Fees
675.5 . Licenses, Permits and Fees
675.6 . Finance Charges
675 . Miscellaneous - Other
Total 675 . Miscellaneous
TOTAI 401 .OPERATING EXPENSES
403 . Depreciation Expense
406 . Amortizaton Expense
408 .Taxes
408.10 . Regulatory Fees - PUC
408.1't . Property
408.13 ' Other Taxes
Total 408 . Taxes
409.11 ' State lncome Taxes
Total Expense
Net Ordinary lncome
Other lncome/Expense
Other lncome
419 . lnterest lncome
Total Other lncome
Net Other lncome
Net lncome
Jan - Dec 10
r.3
100.00
100.00
3,257.91
315.00
315.00
304.56
121,97
426.53
1 ,1 00.00
480.00
480.00
690.00
3,'150.00
86.48
72.00
30.00
250.00
1.23
-0.06
439.65
9,959.09
578.00
205.00
50.00
109.68
120 09
279.68
20.00
't1,o41.77
-1,695.34
9,346.43
9,346.43
0.05
0.05
00s
-1,695.29
Page 1
1:25 PM
06107t13
Accrual Basis
Happy Valley Water System lnc.
Balance Sheet
As of December 31, 2011
(?Dec 3'1,11
ASSETS
Current Assets
Checking/Savings
100 ' Happy Valley WF Checking (1199)
110 ' Happy Valley WF Savings (6065)
Total Checking/Savings
Accounts Receivable
141 . Accounts Receivable
Total Accounts Receivable
Other Current Assets
131.1 . Undeposited Funds
Total Other Current Assets
Total Current Assets
Fixed Assets
101 . Plant in Service
1 01.304 . Structure & lmprovements
101.311 . Power Pumping Equip
101.334 . Meters
Total 101 . Plant in Service
108.1 ' Accumulated Depreciation
114 . Utility Plant Acquistion Adj
115 . Accumulated Amort.-Acquis. Adj
Total Fixed Assets
TOTALASSETS
LIABILIT!ES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
200 ' Accounts Payable
Total Accounts Payable
Other Current Liabilities
233.1 ' Loan Payable - McCarty
233.2 . Loan Payable - Rickel
Total Other Current Liabilities
Total Current Liabilities
Total Liabilities
Equity
215 . Retained Earnings
218 .Capital Stock
300 .Opening Bal Equity
Net lncome
Total Equity
TOTAL LIABIL]TIES & EQUIW
1,87',t.70
1:1!9,9?
3,370.02
209.19
209.1 9
54 gg
54.00
3,633.21
1,443.91
7,446.86
2,673.65
11,564.42
-9,319.63
3,069.93
.-!-e91:99
3,350.72
6,983.93C
2,270.00
2,270.00
900.00
500.00
1,400 09
3,670r09
3,670.00
-7,682.14
10,000.00
500.00
496.07
3,_913:e3
6,983.93
Page 1
1t27 Pl{i
06/07/13
Accrual Basis
(3
Happy Valley Water System lnc.
Profit & Loss
January through December 2011
Ordinary lncome/Expense
lncome
461.'l . Sales-Metered Residential
461,9.Late Fee lncome
Total lncome
Expense
401 . OPERATING EXPENSES
615' Power
620.1-6' Materials & Supp - Oper & Mtc
620.1 . Materials & Supplies--Op. & Mai
520.1-6 . Materials & Supp - Oper & Mtc - Other
Total 620.'l-6 ' Materials & Supp - Oper & Mtc
620.7-8' Materials & Supplies-Admin
620.7-l . Office Supplies
Total 620.7-8' Materials & Supplies-Admin
630 . Contract Services - Billing
631 . Contract Services - Prof
631.1 'Accounting
631.9 . Other Contract Services
Total 631 . Contract Services - Prof
635 ' Contract Services - Testing
636 . Contract Services - Other
636.1 'RePairs&Mtc
636 ' Contract Services - Other - Other
Total 636 ' Contract Services - Other
650 . Transportation Expense
675 . Miscellaneous
675.1 . Bank Service Charges
675.2 'Telephone
675.4'Annual Fees
675.99 ' Misc Expenses
675 . Miscellaneous - Other
Total 675 ' Miscellaneous
Total 401 .OPERATING EXPENSES
403 . Depreciation Expense
408 . Taxes
408.10 ' Regulatory Fees - PUC
408.11 ' Property
Total 408 . Taxes
409.11 . State lncome Taxes
Total Expense
Net Ordinary lncome
Other lncome/Expense
Other lncome
419 . lnterest lncome
Total Other lncome
Other Expense
426 . Other Expenses
Total Other Expense
Net Other lncome
Net lncome
Jan - Dec 11
(3
9,712.52
25.00
9,737.52
3,15',1.17
698.38
250.09
948.38
202.52
202.52
1,143.85
450.00
250.00
700.00
600.00
50.00
120.00
170.00
158.72
15.00
408.29
240.00
226.42
-o-:50
_ 889:21
7,963.85
1,099.00
50.00
84 04
134.04
20.00
9,216.89
520.63
1.27
1.27
-24.56
496.07
1:26 PM
06107l13
Accrual Basas
Happy Valley Water System lnc.
Balance Sheet
As of December 31, 2012
(3 Dec 31,12
ASSETS
Current Assets
Checking/Savings
100 . Happy Valley WF Checking ('1199)
110 . Happy Valley WF Savings (6065)
Total Checking/Savings
Accounts Receivable
141 . Accounts Receivable
Total Accounts Receivable
Total Current Assets
Fixed Assets
101 .Plant in Service
101.304 . Structure & lmprovements
10'1.311 . Power Pumping Equip
101,334.Meters
Total 101 . Plant in Service
108.1 . Accumulated Depreciation
114 . Utility Plant Acquistion Adj
115 . Accumulded Amort.-Acquis. Adj
340 .Office Equipment
Total Fixed Assets
TOTALASSETS
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
200 'Accounts Payable
Total Accounts Payable
Other Current Liabilities
233.1 . Loan Payable - McCarty
233.2 . Loan Payable - Rickel
241 . Accrued Liabilities
Total Other Current Liabilities
Total Current Liabilities
Total Liabilities
Equity
215 . Retained Earnings
218 'Capital Stock
300 . Opening Bal Equity
Net lncome
Total Equity
TOTAL LIABILITIES & EQUITY
2,974.33
2,700.43
5,674.76
73:29
73.26
5,748.02
1,443.91
7,446.86
2,673.65
'11,564.42
-9,319.63
3,069.93
-1,964.00
127.19
3,477.91
9,225.93
(3
2,345.00
2,345.00
900.00
500.00
5,700.00
7,1 00.00
9,445.00
9,,145.00
-7,186.07
10,000.00
500.00
-3,533.00
-219.07
9,225.93
/t
"'J
Page I
1:27 PM
06/07/1 3
Accrual Basis
!nil
Happy Valley Water System lnc.
Profit & Loss
January through December 2012
Ordinary lncome/Expense
lncome
46'1.1 . Sales-Metered Residential
Total lncome
Expense
401 . OPERATING EXPENSES
601.1-6 . Labor-Operation & Mtc
601.'l-l . Labor-Operations
601.1-2 . Grounds Maintenance
Total 601.1-6 ' Labor-Operation & Mtc
601.7 . Labor-Meter Reading
601,8-1 . Labor-Administration
615' Power
620.1-6 . Materials & Supp - Oper & Mtc
620.1' Materials & Supplies--Op. & Mai
Total 620.1-6 . Materials & Supp - Oper & Mtc
620.7-8 . Materials & Supplies-Admin
620.7-l ' Office Supplies
620.7-2. Postage and Delivery
Total 620.7-8 . Materials & Supplies-Admin
630 ' Contract Services - Billing
631 . Contract Services - Prof
631.1 'Accounting
631.9 . Other Contract Services
Total 631 . Contract Services - Prof
635 ' Contract Services - Testing
636 . Contract Services - Other
636.1 'Repairs & Mtc
Total 636 . Contract Services - Other
650 . Transportation Expense
656 . lnsurance
675 . Miscellaneous
675.1 .Bank Service Charges
675.2 .Telephone
675.4 .Annual Fees
675.5 . Licenses, Permits and Fees
675' Miscellaneous - Other
Total 675 . Miscellaneous
Total 401 . OPERATING EXPENSES
408 .Taxes
408.'t0 ' Regulatory Fees - PUC
408.11 . Property
Total 408 . Taxes
409.11 . State lncome Taxes
Total Expense
Net Ordinary lncome
Other lncome/Expense
Other lncome
419 . lnterest lncome
Total Other lncome
Net Other income
Net lncome
Jan - D_ec 12
9,832.90
9,832.90
4,200.00
600.00
4,800.00
265.00
900.00
2,073.00
r3
33.29
587.27
70.00
657.27
't,482.03
450.00
100.00
550.00
600.00
339.55
339.55
100.00
436.02
64.00
674.29
120.00
100.00
1:oo
e59:2e
'r 3,1 9s.45
50.00
102.56
152.56
20.00
13,36L01
-3,535.1 1
{'}
?\
],1
2:11
-3.533.00
Page 1
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 2O1O
(3
t"A P Contact lnformation\jF
President (Owner)
Vice President
Secretary
GeneralManager
Complaints or Billing
Engineering
Emergency Service
Accounting
Hayden
9 Organization (proprietor, partnership,
10 Towns, Counties served
corp.) Corporation
Kootenai County
11 Are there any affiliated companies?No
lf yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
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
COMPANY INFORMATION
Happy Vallev Water System lnc
611t2001
Idaho
24461 Old Highway 95 N, Athol, lD 83801 (Not mailing address)
PO Box 2306
ldaho
83835
Name Phone No.
No
24461 Old Highway 95 N
Athol
ldaho
13 Were any water systems acquired during the year or any additions/deletions made
to the service area during the year?
lf yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
14 \Mrere are the Company's books and records kept?
Street Address
City
State
zip 83801
I nland Northwest Consultants
Rev 3/02
Page 1
NAME: Happy Valley Water System lnc
(3 COMPANY INFORMATION (Cont.)
For the Year Ended 2010
15 ls the system operated or maintained under a
service contract?
16 lf yes: \A/ith whom is the contract?
When does the contract expire?
What services and rates are included?
17 ls water purchased for resale through the system?
18 lf 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
ldaho Department of Environmental Quality?
,, :h lf yes, attach full explanation
' 3 ZO Has the ldaho Department of Environmental Quality
recommended any improvements?
lf 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?
lf yes, attach full explanation
and an updated system map
No
No
Gallons/CCF $Amount
I- t$
December-l0 (All new customens receive
a copy in their packet)
No
No
No
(]
Rev 3/02
Page2
NAME: Happy Valley Water System Inc
REVENUE & EXPENSE DETAIL
For the Year Ended
DESCRIPTION
201 0
1
2
3
4
5
6
7
8
12
13
14
15
( -\e
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
Unmetered Water Revenue
Metered Sales - Residential
Metered Sales - Commercial, lndustrial
Fire Protection Revenue
Other Water Sales Revenue
lrrigation Sales Revenue
Sales for Resale
Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
I - DEQ Fees Billed separately to customers
10 ** Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
601 .1-6 Labor - Operation & Maintenance
601.7 Labor - Customer Accounts
601.8 Labor - Administrative & General
603 Salaries, Officers & Directors
604 Employee Pensions & Benefits
610 Purchased Water
615-16 Purchased Power & Fuel for Power
618 Chemicals
620.1-6 Materials & Supplies - Operation & Maint.
620.7-B Materials & Supplies - Administrative & General
631-34 Contract Services - Professional
635 Contract Services - Water Testing
636 Contract Services - Other
64142 Rentals - Property & Equipment
650 Transportation Expense
656-59 lnsurance
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)
ACCT #
460
461.1
461.2
462
464
465
466
400
9,346
9,346
Booked to Acct #
Booked to Acct #
Booked to Acct #
460
460
100
3,258
315
427
1,580
690
3,150
l-\\,,
Rev 3/02
Page 3
MO
9,959
Name: Happy Valley Water System lnc
INCOME STATEMENT
For Year Ended 2010\ ror
' 9 Acqr# pESCRtPTtoN
$ 9,346
$ 9,959
$ sze
$ 205
$50
$ 110
$ 120
9B
9C
9D
10 409.10 Federal lncome Taxes
11 409.11 State lncome Taxes
12 410.10 Provision for Deferred lncome Tax - Federal
13 4'10.11 Provision for Deferred lncome Tax - State
14 411 Provision for Deferred Utility lncome Tax Credits
15 412 lnvestment Tax Credits - Utility
$20
r }O Total Expenses from operations before interest (add lines 2-15) $ 11,042' .-i,17 413 lncome From Utility Plant Leased to Others
18 414 Gains (Losses) From Disposition of Utility Plant
19 Net Operating lncome (Add lines 1 , 17 &18 less line 16) $ (1 ,695)
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 lnterest & Dividend lncome
23 420 Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility lncome
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes, Non-Utility Operations
27 409-20 lncome Taxes, Non-Utility Operations
28 Net Non-Utility lncome (Add lines 20,22,23 & 24 less lines 21 ,25,26, & 27)
29 Gross lncome (add lines 19 & 28)
30 427.3 lnterest Exp. on Long-Term Debt
31 427.5 Other lnterest Charges
32 NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
$ (1,595)
1 Revenue (From Page 3, line 8)
2 Operating Expenses (From Page 3, line 33)
3 403 Depreciation Expense
4 406 Amortization, Utility Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC)
7 408.11 Property Taxes
8 408.12 PayrollTaxes
9A 408.13 Other Taxes (list) DEQ Fees
$
$o
$0
(3
Rev 3/02
Page 4
Name: Happy Valley Water SYstem lnc
AGCOUNT 101 PLANT IN SERVICE DETAIL
For Year Ended 2010(3
1
2
3
4
5
6
7
I
9
10
11
12
13
14
15
16\I '"97'.-,
18
19
20
21
22
23
24
25
26
27
28
SUB
ACCT #
301
302
303
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
341
342
343
344
345
346
347
348
Balance
Beginning
of Year
Added
Durrng
Year
Removed
During
Year
Balance
End of
Year
29
DESCRIPTION
Organization
Franchises and Consents
Land & Land Rights
Structures and I mprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTAL PLANT IN SERVICE
(Add lines 1 -28)
3,070
1,444
7,447
2,674
14,634
Enter beginning & end of year totals on Pg 7, Line 1
3,070
7,447
14,634
(3
Rev 3/02
Page 5
Name: Happv Vallev Water SYstem lnc
(?ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For Year Ended 2010
SUB
ACCT #
Depreciation
Rate
Balance
Beginning
Balance
End of
Year
1
2
3
4
5
6
7
8
I
10
11
12
13ilo
15
16
17
18
19
20
21
22
23
24
25
26
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
341
342
343
344
345
346
347
348
DESCRIPTION
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation EquiPment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
o/o of Year
7.7604 $ 578
578
Enter beginning & end year totals on Pg 7, Line
(3
Rev 3/02
Page 6
Name: Happy Valley Water SYstem lnc
BALANCE SHEET
For Year Ended 2010
')
1
2
3
4
5
6
7
I
9
10
11
12
13
14
15
16\)7
18
19
20
2',|
22
23
24
25
26
27
28
29
30
31
1 08.1
108.2
108.3
1 10.1
110.2
115
578
205
1,651
ACCT #
ASSETS
DESCRIPTION
101 Utility Plant in Service (From Pg 5, Line 29)
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)
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)
Balance
Beginning
of Year
14.634
7,643
1,759
5,232
Balance
End of
Year
lncrease
or
123 lnvestment in Subsidiaries
125 Other lnvestments
Total lnvestments (Add lines 14 & 15)
131 Cash
135 Short Term lnvestments
141 Accts/Notes Receivable - Customers
142 Other Receivables
145 Receivables from Associated Companies
'151 Materials & Supplies lnventory
162 Prepaid Expenses
173 Unbilled (Accrued) Utility Revenue
143 Provision for Uncollectable Accounts
Tota! Current (Add lines 17 -24 less line 25)
181 Unamortized Debt Discount & Expense
183 Preliminary Survey & lnvestigation Charges
184 Deferred Rate Case Expenses
186 Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)
\)
Rev 3/02
Page 7
Name: Happy Valley Water System lnc
BALANGE SHEET
For Year Ended 2010(?
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
{6'3t
18
't9
20
21
22
23
24
25
26
27
28
29
30
31
ACCT #
LIABILITIES & CAPITAL
DESCRIPTION
201-3 Common Stock
204-6 Preferred Stock
207 -13 Miscellaneous Capital Accounts
214 AppropriatedRetainedEarnings
215 UnappropriatedRetainedEarnings
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less line 6)
221-2 Bonds
223 Advances from Associated Companies
224 Other Long - Term Debt
231 Accounts Payable
232 Notes Payable
233 Accounts Payable - Associated Companies
235 CustomerDeposits(Refundable)
236.11 Accrued Other Taxes Payable
236.12 Accrued lncome Taxes Payable
236.2 Accrued Taxes - Non-Utility
237-40 Accrued Debt, lnterest & Dividends Payable
241 Misc. Current & Accrued Liabilities
251 Unamortized Debt Premium
252 Advances for Construction
253 Other Deferred Liabilities
255.1 Accumulated lnvestment Tax Credits - Utility
255.2 Accum. lnvestment Tax Credits - Non-Utility
261-5 Operating Reserves
271 Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. **
281-3 Accumulated Deferred lncome Taxes
Total Liabilities (Add lines 9 - 29
TOTAL LIAB & CAPITAL ( Add iines I & 30)
Balance
Beginning
of Year
5,983
Balance
End of
Year
lncrease
or
Decrease
,195)
'1,400
1,700
505
300
(]
** Only if Commission Approved
Rev 3/02
Page I
Name: Happy Valley Water System lnc
()
1
2
3
4
5
6
STATEMENT OF RETAINED EARNINGS
For Year Ended 2010
Retained Earnings Balance @ Beginning of Year
Amount Added from Current Year lncome (From Pg 4, Line 32)
Other Credits to Account
Dividends Paid or Appropriated
Other Distributions of Retained Earnings
Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
7 Description (Class, ParValue etc.)
Common, no par value
DETAIL OF LONG.TERM DEBT
lnterest Year-end
$ (6,107)
$ (1,6e5)
500
(7,3021
No. Shares No. Shares Dividends
lnterest
(_]
Rev 3/02
Page 9
(-3
I
Name: Happy Valley Water SYstem lnc
SYSTEM ENGINEERING DATA
For Year Ended 2010
Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:
10025 N
or location
Rated
Capacity
Total
Capacity
000's
Gal.
Type of
Treatment:
(None, Chlorine
Fluoride
Filter etc.
Usable
Capacity
000's
Gal.
Water
SuPPIYAnnual Source
Production (Well, Spring,
Surface \Mr
Well
G System Storage:
Type of
Reservoir
(Elevated,Pres-
Construction
(Wood, Steel
Concreteor Location
10025 N
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
,.]
Rev 3/02
Page 10
(p
4
5
{3
6
7
Name: Happy Valley Water System Inc
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 2010
Pump information for ALL system pumps, including wells and boosters.
Designation or Location
Rated
Horse Capacity
& Tvoe of Power
Well-Submersible
How many times were meters read this year?
During which months?
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?
Are backbone plant additions anticipated during the coming year?
lf Yes, attach an explanation of projects and anticipated costs!
ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
lf 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?
lf customers are metered, what was the total amount sold in peak month?
Was your system designed to supply fire flows?
lf Yes: What is current system rating?
Discharge
Pressure
Energy
Used
This Year
39.43'1 KW
5,146,449
1,464,000
N/A
1,464,000
No
Mav, June,
NO10
11
Rev 3/02
Page 1 1
Unknown
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 2010
FEET OF MAINS
ln Use
Beginning
Of Year
CUSTOMER STATISTICS
lnstalled
During
Year
2
,'-!QA, 3r,
2C
3
3A
3B
3C
4
5
6
7
8
Metered:
Residential
Commercial
lndustrial
Flat Rate:
Residential
Commercial
lndustrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
()
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
FILED EFFECTIVE
I
I
i
irl\- /
(-;
srArEMENr oF .HANGE oF REGT.TERED ooJ$f,tl -t Al{ B:
REGISTERED oFFICE,.OB BOTH SECiil(Se€ rcvorlo for lnrtrucilon!)
File #:dtiiff.tpAii6
The undersigned entity submits the following statement for the purpose of changing its registered
2. The name and street address of its gl{ registered agent and office is:
/+/a
Signature:
Printed:
Capacity:
FILE ONE COPY
clr6r{o_r._,rlpard Rov. 07/2010
agent, its registered office, or both, in tha State of ldaho.
1, The name of the entity is:
The name and street address of its pgg registered agent and office in ldaho is:
for the above-named entity.
/o
NO FEE REOUIRED
o Buver's Qualifications
As owners of 2 other small successful water companies (Rickel Water and Bitterroot Water
Company), Ken and Cathy are very familiar with the Commission's regulatory authority, Utility
Customer Relations Rules, Customer lnformation Rules and are prepared to abide by them.
Their involvement in the water utility industry has given them the business expertise, financial
ability and water system experience to operate and maintain the Happy Valley Water System
without question. Ken is very familiar with the water system testing requirements of the ldaho
Department of Environmental Quality and has completed the requirements for water system
operator certification as required by IDAPA 58.01.08 Rule 554.
Ken has also completed the training necessary to obtain a Drinking Water Distribution Operator
License for the Very Small System category, license #DWDVSWS-L2995.
(-)
Bureau cf Occup.fott{t Llcfistt' Dspertmailt of Solt gouemlnE Agsnderftt pc'ton n$rrdlr[ mrlih. trqll,lmolrlbrlhtil,lrd banldod' wdr.tr.lrfi rd n rcf olnr Srla of hhfte ic s.td. *f {nt
. Oftrklng W.t r Dlrtllutlorr Openlor. V.ry Smrll gy.tcm.
KE}I RICI(EL
FO BOX tzCt
HAYOE]I ID OI83E
- t"ti tllaar,l ...' c.l
Tana cory DWDVSIU8"12g06 09OU20ll. Chhf, B.O.L, l{unbo EryllEt
'r *-
Burearr of OccupatlotEl Llc€IBes I
Department of Self Goveming Agencles ;
urd.rltr lr['andrulrorarastalrof tlrnoto opcaltr c aln)
DRIilKING WATER DISTHBUNON OPERATOR
VERY STf,ALLSVSTEU
KEN RICI(EL
PO BOX 126l
HAYDEN IO 838iI5
-"/*i (lceflt_.
Tamcory DWDVSWS-12995 o0r08rm13
Chlef, B.O.L Numbei Erplree
Kenneth & Cathy Rickel
Statement of Net Worth
Lzl3u2Ot0
Cash
Vehicles
Equipment
Tools
Personal Property
Residence
lnvestments
lnvestment in Rickel Water
lnvestment in Bitterroot Water Company
TOTAL ASSETS
Accounts Payable
Mortgage
TOTAL LIABILITIES
Net Worth
3,000
23,500
29,500
15,000
75,000
160,000
45,000
40,92L
20,952
4t2,873
s
s
4,000
104,000
109,000
Business Plan for the Happv Vallev Water Svstem lnc
Daily Procedures i nclude:. Daily check on pump house to make sure the pump is functioning properly and there are no
leaks in the pump, tanks or main lines
o Maintenance as needed for the customer properties for leaks
o Monthly test for coliformo Monthly meter readingso Quarterly and annual testing as required by DEQ
The mailing address for the Happy Valley Water System lnc is:
PO Box 2306
Hayden, lD 83835
The street address where the books and records will be maintained is:
24467 Old Highway 95
Athol, tD 83801
The following personnel are included in the running of the business:. Operation and Maintenance
Ken Rickel
24467 Old Highway 95
Athol, lD 83801
(208) 660-2s60
Customer Billing and Collection
Ken Rickel and Cathy Rickel
2446L Old Highway 95
Athol, lD 83801
(208) 660-2s60
Accounting
Larry Frowick
Frowick Financial Services
9321 N Government Way
Hayden, lD 83835
(2081772-0474
Emergency Response
Ken Rickel
2446L Old Highway 95
Athol, lD 83801
(208) 660-2s50
Customer Complaints
Ken Rickel and Cathy Rickel
24467 Old Highway 95
Athol, lD 83801
(208) 660-2s60
Susan Jacobson
6435 S Dayton St, #104
Greenwood Village, CO 80111
(866) 791-s6s6
June 7, 2013
Dear Customer of the Happy Valley Water System lnc,
It is our pleasure to officially announce the sale of the Happy Valley Water
System lnc to Ken & Cathy Rickel from the previous owners, Brett & Nora McCarty. This
sale was effective October l,zOtO and you received a smallflyer in your November
2010 statement announcing the change in ownership and contact information.
As part of the sale/purchase transaction, the new buyers are required to file an
Application for the Transfer of the Certificate of Public Convenience and Necessity with
the ldaho Public Utilities Commission,
This application has been filed and is available for your review at the main office
of Ken and Cathy Rickel, 2445L Old Highway 95, Athol, lD 83801. or at the Commission
offices at 472 W Washington Street, Boise, lD 83720-0074.
The ldaho Public Utilities Commission welcomes any written comments
regarding this application mailed to the address above.
Sincerely,
Ken Rickel
Manager
Notice mailed to customers on June 7,2013 by Susan Jacobson