2009Annual Report.pdf

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ANNUAL REPORT
OF
ISLAN PARK wATER
NAME d~ ~~ (;?:~ ~?of: ~~ ,.øo -i
c?~
PO BOX 2521 IDAHO FALLS, ID 83403.
ADDRESS
TO THE
IDAHO PUBLIC
UTiliTIES COMMISSION
FOR THE
YEAR ENDED 2009
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 12-31-09
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 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
Island Park Water Company,
5/1/1976
Idaho
550 Linden Drive,
PO Box 2521
Idaho Falls
Idaho
83403
Corporation
Fremont County
11 Are there any affilated companies? (yes or no)No
If yes, attach a list with names, addresses & descriptions. Explain any services provided to the utilty.
12 Contact Information
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? No
Name Phone No
Mike Bischoff 208-524-7426
Mike Bischoff 208-524-7426
Mike Bischoff 208-524-7426
David Benton 208-529-5046
Bil Warner 208-206-0912
Travis John 208-524-5171
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
City
State
Zip
325 South Woodruff
Idaho Falls
Idaho
83401
2009 Annual PUC Report form lof13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company
COMPANY INFORMATION (Cont.)
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?
For the Year Ended
No
12-31-09
17 Is water purchased for resale through the system? No
18 If yes: Name of Organization
Name of owner or operator
Mailng Address
City
State
Zip
Water Purchased
19 Has any system(s) been disapproved by the
Idaho Department of Environmental Quality?
If yes, attach full explanation
20 Has the Idaho Department of Environmental Quality
recommended any improvements? Yes
Gallons/CCF
I
$Amount
No
If yes, attach full explanation
21 Number of Complaints received during year concerning:Quality of Service 0High Bils 0Disconnection 0
22 Number of Customers involuntarily disconnected 0
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? No
If yes, attach full explanation and an updated system map
2009 Annual PUC Report form 2of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Island Park Water Company
REVENUE & EXPENSE DETAIL For the Year Ended 12-31-09,
SVBACCT DESCRIPTION.
400 REVENUES
1 460 Unmetered Water Revenue $93,763.12
2 461.1 Metered Sales - Residential
3 461.2 Metered Sales - Commercial, Industrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 Irrigation Sales Revenue
7 466 Sales for Resale
8 400 Total Revenue (Add Lines 1 - 7)$93(763.12
(also enter result on Page 4, line 1)Booked to Acct #
9 * OEQ Fees Biled separately to customers Booked to Acct #
10 ** Hookup or Connection Fees Collected Booked to Acct #
11 ***Commlsslon Approved Surcharges Collected
401 OPERATING EXPENSES
12 601.1-6 Labor - Operation & Maintenance $47,921.50
13 601.7 Labor - Customer Accounts
14 601.8 Labor - Administrative & General $9,000.00
15 603 Salaries, Officers & Directors
16 604 Employee Pensions & Benefits
17 610 Purchased Water
18 615-16 Purchased Power & Fuel for Power $10,534.20
19 618 Chemicals
20 620.1-6 Materials & Supplies - Operation & Maint.$608.94,
21 620.7-8 Materials & Supplies - Administrative & General $380.00
22 631-34 Contract Services - Professional $24,138.50
23 635 Contract Services - Water Testing $1,590.00
24 636 Contract Services - Other
25 641-42 Rentals - Property & Equipment $3,900.00
26 650 Transportation Expense
27 65.6-59 Insurance $900.00
28 660 Advertising
29 666 Rate Case Expense (Amortization)
30 667 Regulatory Comm. Exp. (Other except taxes)
31 670 Bad Debt Expense
32 675 Miscellaneous $892.34
33 Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, line 2)$99,865.48
2009 Annual PUC Report form 3 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water CompanyINCOME STATEMENT For the Year Ended 12-31-09
SUB ACCT DESCRIPTION
1 Revenue (From Page 3, line 8)$93,763.12
2 Operating Expenses (From Page 3, line 33)$99,865.48
3 403 Depreciation Expense $5,280.92.
4 406 Amortization, Utilty Plant Aquisition Adj.
5 407 Amortization Exp. - Other
6 408.10 Regulatory Fees (PUC)$121.61
7 408.11 Property Taxes $1,940.72
8 408.12 Payroll Taxes
9A 408.13 Other Taxes (list)DEQ Fees
9B Miscellaneous Fees $445.00
;
9C
9D
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes $20.00
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 - Utilty
16 Total Expenses from operations before interest (add lines 2-15)$107,673.73
17 413 Income From Utilty Plant Leased to Others
18 414 Gains (Losses) From Disposition of Utility Plant
19 Net Operating Income (Add lines 1, 17 &18 less line 16)$(13,910.61)( t
20 415 Revenues, Merchandizing Jobbing and Contract Work
21 416 Expenses, Merchandizing, Jobbing & Contracts
22 419 Interest & Dividend Income $61.99
23 420 Allowance for Funds used During Construction $27,482.18
24 421 Miscellaneous Non-Utilty Income
25 426 Miscellaneous Non-Utilty Expense
26 408.20 Other Taxes, Non-Utilty Operations
27 409-20 Income Taxes, Non-Utilty Operations
28 Net Non-Utility Income (Add lines 20,22,23 & 24 less lines 21,25,26, & 27)$27,544.17
29 Gross Income (add lines 19 & 28)$13,633.56
30 427.3 Interest Exp. on Long-Term Debt
31 427.5 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 & 31), (Also Enter on Pg 9, Line 2)$13,633.56
2009 Annual PUC Report form 4of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company
ACCOUNT 101 PLANT IN SERVICE DETAIL For the Year Ended
SUB ACCT
301 Organization $-
302 Franchises and Consents $-
303 Land & Land Rights $-
304 Structures and Improvements $-
305 Collecting & Impounding Reservoirs $-
306 Lake, River & Other Intakes $-
307 Wells $45.977.10 $1,463.39 $47,440.49
308 Infiltration Galleries & Tunnels $-
309 Supply Mains $-
310 Power Generation Equipment $-
311 Power Pumping Equipment $32,385.74 $15,557.50 $47.943.24
320 Purification Systems $-
330 Distribution Reservoirs & Standpipes $-
331 Trans. & Distrib. Mains & Accessories $-
333 Services $9.733.75 $9733.75
334 Meters and Meter Installations $6,288.36 $6,288.36
335 Hydrants $-
336 Backflow Prevention Devices $-
339 Other Plant & Misc. Equipment $4,588.51 $4588.51
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 $562.45 $562.45
348 Other Tangible Property $-
$-
TOTAL PLANT IN SERVICE $93,247.55 $23,309.25 $-$116,556.80
DESCRIPTION
Balance
Beginning
of Year
Added
During
Year
Removed
During
Year
12-31-09
Balance
End of
Year
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
2009 Annual PUC Report form 50f13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL For the Year Ended 12-31-09
Depreciation
Rate
Balance
Beginning
Balance
End of
Increase
or
sUBACcr DESCRIPTION %of Year Year (Decrease)
304 Structures and Improvements $-
305 Collecting & Impounding Reservoirs $-
306 Lake, River & Other Intakes $-
307 Wells 5.0%$16,081.31 $18.406.99 $2325.68
308 Infiltration Galleries & Tunnels $-
309 Supply Mains $-
310 Power Generation Equipment $-
311 Power Pumping Equipment 5.0%$12,035.41 $14,199.21 $2,163.80
320 Purification Systems $-
330 Distribution Reservoirs & Standpipes $-
331 Trans. & Distrib. Mains & Accessories $-
333 Services 20.0%$9,733.75 $9,733.75 $-
334 Meters and Meter Installations 4.0%$-$220.09 $220.09
335 Hydrants $-
336 Backflow Prevention Devices $-
339 Other Plant & Misc. Equipment 10.0%$554.44 $1,013.29 $458.85
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 20.0%$370.28 $482.77 $112.49
348 Other Tangible Propert $-
TOTALS (Add Lines 1 . 25)$38,775.19 $44,056.10 $5,280.91
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
Enter beginning & end of year totals on Pg 7, Line 7
2009 Annual PUC Report form 6 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water CompanyBALANCE SHEET For the Year Ended 12-31-09.
ASSETS Balance
Beginning
Balance
End of
Increase
or
sUBACCT DESCRIPTION of Year Year (Decrease)
101 Utilty Plant in Service (From Pg 5, Line 29)$93.247.55 $116,556.80 $23,309.25
102 Utilty Plant Leased to Others $-
103 Plant Held for Future Use $-
105 Construction Work in Progress $-
114 Utilty Plant Aquisition Adjustment $-
Subtotal (Add Lines 1 - 5)$93,247.55 $116,556.80 $23,309.25
108.1 Accumulated Depreciation (From Pg 6, Line 26)$38,775.19 $44,056.10 $5,280.91
108.2 Accum. Depr. - Utilty 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. - Utilty Plant Lease to Others $-
115 Accumulated Amortization - Aquisition Adj.$-
Net Utility Plant (Line 6 less lines 7 - 12)$54,472.36 $72,500.70 $18028.34
123 Investment in Subsidiaries $-
125 Other Investments $-
Total Investments (Add lines 14 & 15)$-$-$-
131 Cash $20,354.92 $86,392.73 $66,037.81
135 Short Term Investments $-
141 Accts/Notes Receivable - Customers $-
142 Other Receivables $-
145 Receivables from Associated Companies $-
151 Materials & Supplies Inventory $-
162 Prepaid Expenses $-
173 Unbilled (Accrued) Utilty Revenue $-
143 Provision for Uncollectable Accounts $-
Total Current (Add lines 17 .24, less line 25)$20,354.92 $86.392.73 $66037.81
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)$74,827.28 $158,893.43 $84,066.15
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
2009 Annual PUC Report form 7of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water CompanyBALANCE SHEET For the Year Ended 12-31-09
LIABILITIES & CAPITAL Balance
Beginning
Balance
End of
Increase
or
sUBACCT DESCRIPTION of Year Year (Decrease)
201-3 Common Stock $-
204-6 Preferred Stock $-
207-13 Miscellaneous Capital Accounts $-
214 Appropriated Retained Earnings $(54,102.29)$(40.468.73)$13633.56
215 Unappropriated Retained Earnings $-
216 Reacquired Capital Stock $-
218 Proprietary Capital $-
Total Equity Capital (Add Lines 1-5+7 less line 6)$(54,102.29)$(40.468.73)$13,633.56
221-2 Bonds $-
223 Advances from Associated Companies $-
224 Other Long - Term Debt $-
231 Accounts Payable $16,600.00 $800.00 $(15,800.00)
232 Notes Payable $112,329.57 $112,329.57 $-
233 Accounts Payable - Associated Companies $-
235 Customer Deposits (Refundable)$-
236.11 Accrued Other Taxes Payable $-
236.12 Accrued Income Taxes Payable $-
236.2 Accrued Taxes - Non-Utilty $-
237-40 Accrued Debt, Interest & Dividends Payable $-
241 Misc. Current & Accrued Liabilities $-
251 Unamortized Debt Premium $-
252 Advances for Construction $-
253 Other Deferred Liabilties $-
255.1 Accumulated Investment Tax Credits - Utilty $-
255.2 Accum. Investment Tax Credits - Non-Utilty $-
261-5 Operating Reserves $-
271 Contributions in Aid of Construction $87.024.02 $87,024.02
272 Accum. Amort. of Contrib. in Aid of Const. **$(791.43'$(791.43)
281-3 Accumulated Deferred Income Taxes $-
Total Liabilities (Add lines 9 - 29)$128,929.57 $199,362.16 $70,432.59
TOTAL LIABILITIES & CAPITAL ( Add lines 8 & 30)$74,827.28 $158,893.43 $84,066.15
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
** Only If Commission Approved
2009 Annual PUC Report form 8of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company
STATEMENT OF RETAINED EARNINGS For the Year Ended1 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 Earnings6 Retained Earnings Balance (§ End of Year $
CAPITAL STOCK DETAIL
(40,468.73)
No. Shares No. Shares Dividends
7 Description (Class, Par Value etc.). ;Authorized Outstandlna Paid
$-
DETAIL OF LONG-TERM DEBT
Interest Year-end
B i
Interest
P 'd
Interest
8 Descriotion Rate a ance ai ccrue
Totals $-$-$-
A d
2009 Annual PUC Report form 90f13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company
SYSTEM ENGINEERING DATA For the Year Ended
1 Provide an updated system map if significant changes have been made to the system during the year.2 Water Supply: Type of
12-31-09.
Water
Treatment:Supply
Rated (None, Chlorine Annual Source
Capacity Fluoride Production (Well, Spring,
Pump Desianation or location (gpm)Filter etc.)(OOO's Gal.)Surfce Wt)
ALS 0TOT
3 System Storage:
Type of
Total
capacity
OOO's
Usable Reservoir Constrction
(Wood,
Steel
Capacity
OOO's
(Elevated
Pressurized
Storage Desianation or Location Gal.Gal.Boosted)Concrete)
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
2009 Annual PUC Report form 10 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company
SYSTEM ENGINEERING DATA Continued For the Year Ended
4 Pump information for ALL system pumps, including wells and boosters.
12-31-09
Rated Rated
Capacity
Discharge
Pressure
Energy used
this YearHorse power
Designation or Location & Tyoe of Pumo**(hp)(gpm)(psi)(Kwh)
** Submit pump curves unless previously provided or unavailable. Asterisk facilties 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? OOO's gal.
What was the total amount pumped during peak month? OOO's gal.
What was the total amount pumped on the peak day? gal.
6 If customers are metered, what was the total amount sold in peak month? OOO's gal.
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?
During which months?
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?
10 Are backbone plant additions anticipated during the coming year?
If Yes, attach an explanation of projects and anticipated costs!
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
wil have to be expanded?
2009 Annual PUC Report form 11 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company
SYSTEM ENGINEERING DATA Continued For the Year Ended
FEET OF MAINS
12-31-09
Pipe
Size
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
1
CUSTOMER STATISTICS
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 Utilties
TOTALS (Add lines 2 through 8)
Number of Customers Thousands of Gallons Sold
This Last This Last
Year Year Year Year
.
0 0 0 0
2009 Annual PUC Report form 12 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
CERTIFICATE
State of Idaho )
) ss
County of Bonneville
WE, the undersigned_Mike Bischoff
and_Mike Bischoff
of the_Island Park Water Company
utilty, 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 utilty; that we have carefully examined same, and
declare the same to be a correct statement of the business and affairs of said utilty 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.
(Chl?! ?id#l
(Offcer in Charge of Accounts)
My Commission Expires Auqus+ g~i 1./2"
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Subscribed and Sworn to Before Me
this-Lday Of~, 10' D
~LII tl
NOTARY PUBLIC
2009 Annual PUC Report form 13 of 13
Page 2 Question 20
They recommended that water flow meters be added to all wells and that
flush lines be added on the ends of lines.