2012Revised Annual Report.pdf

ISL-W
AI{I{IIAL REru,
OF
ISLAND PARK WATER COMPANY, INC.
NAME
PO BOX 2521
IDAHO FALLS, ID 83403
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES GOMMISSION
FOR THE
YEAR ENDEE 2012 (REVISED)
ANNUAL REPoRT FOR WATER UTIUTIES TO TTIE IDAHO PUBUC UTIUTIES COMMISSION
FOR THE YEAR ENDING L2I3LII2
COMPANY INFORMATION
1 Give full name of utility
2 Date of Organlzation
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, Inc.
stLtt976
Idaho
550 llnden Drive
PO Box 2521
' Idaho Falls
83403
Corporation
Fremont C.ounw
l1 Are there any afftliated companies? (yes or no)
Ifyes, attach a llst tvlth names, addresses & descrlptlons. Explaln any servlces provlded to the utlllty.
LZ Contact Informauon
President (Owner)
Vice Presldent
Secretary
General Manager
Complaints or Billing
Enginiering '
Emergency Seryice'.
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 llst wlth names, addresses & descrlptlons. Explaln any servlces provlded to the utlllty.
L4 Where are the Company's books and records kept?
Street Address
City
State
zip
' 2012 Annual Report for Water Utilities to the IDPUC
Phone No.
550 unden Drive
Idaho Falls
zoat 524-7426,521-2369 & 821-0776
2081 524-7426,52t-2369 & 821-0776
12081 524-7426, 521-2369 & 82r-0776
Davld E 20al 524-7426
zoat s24-7426.521-2369 & 821-0776
12081 524-7426, 521-2369 & 821-0776
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ANNUAL REPORT FOR WATER UTIUTIES TO THE IDAHO PUBUC UTILMES COMMISSION
NAME: Island Park Water Company, Inc.
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?
L7
18
Is water purchased for resale through the system?
If yes: Name of Organization
Name of owner or operator
Mailing Address
City
State
zip
Water Purchased
For the Year Ended
No
t2l31lt2
Gallons/CCF lAmount
19 Has any system(s) been disapproved by the
Idaho Department of Environmental Quality?
If yes, attach full explanatlon
20 Has the Idaho Department of Environmental Quality
recommended any improvements?
If yes, attach full explanatlon
2L Number of Complaints received during year concerning:
Quality of Service
High Bills
Disconnection
.n$'
22 Number of Customers involuntarily disconnected -O -23 Date customers last.received a copy of the Summary
of Rules required by IDAPA 3t.2L.Ot.7Ol?
Attach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?
tfyes, attach'full explanatlon and an updated system map
\2012 Annual Report for water Utilities to the IDPUC
-O
I 1,/15/12
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ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILMES COMMISSION
NAME: Island Park Water Company, Inc.
REVENUE & EXPENSE DETAIL
SUBACCT DESCRIPTION
For the Year Ended Lzl3Ll20L2
4OO REVENUES
1 460 Unmetered Water Revenue
2 46L.L Metered Sales - Residential
3 461.2 Metered Sales - Commercial, Industrial
4 462 Fire Protection Revenue
5 464 Other Water Sales Revenue
6 465 lrrigation Sales Revenue
7 466 Sales for Resale
I +oo Total Revenue (Add unes 1 - 7)
(also enter result on Page 4, line 1)
9 * DEQ Fees Billed separately to customers
10 ti Hookup or Connection Fees Collected
11 ***Commission Approved Surcharges Collected
401 OPEMTING EXPENSES
LZ 601.1- Labor - Operation & Maintenance
13 601.7 Labor - Customer Accounts
L4 602 Labor - Administrative & General
15 603 Salaries, officers & Directors
16 604 Employee Pensions & Benefits
17 610 Purchased Water
18 6t5-tr Purchased Power & Fuel for Power
19 618 Chemicals
20 620.1- Materiais & Supplies - Operation & Maint. $ 9.730.93
2t 620.7- Materials & Sr-tpplies - Administrative & General $ 3,076.61
22 631-3. Contract Services - Professional $ 12,098.48
23 63s Contract Services - Water testing g 13,7oo,oo
24 636 Contract Services - Other
$ 75,676.06
Booked to Acct *
Booked to Acct #
Booked to Acct *
$ 5,000.00
$ 15,512.94
$ 3,324.65
$ 1,977,85
$ 5,396.01
$ 75,676.06
25 6+r-e: Rentals - Propefi & Equipment
26 650 Transportation Expense
27 6s6-51 Insurance
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
33 Total Operatlng Expenses (Add lines 12 - 32, also enter on Pg 4, llne 2)
t.
2012 Annual Report for Water Utilities to the IDPUC
I 69,8t7.47
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ANNUAL REPORT FOR WATER UTILMES TO THE IDAHO PUBUC UTIUTIES COMMISSION
NAME: Island Park Water Company, Inc.
INCOME STATEMENT For the Year Ended L2l3tl2ot2
SUB ACCT DESCRIMON
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 40? Amortization Exp. - Other
i6 408.1( Regulatory Fees (PUC)
7 4o8.tt Property Taxes
I 408.1: Payroll Taxes
9A 408.1:OtherTaxes (list) DEQ Fees
98 Taxes. Licenses & Fees
$ 75,676.06
$ 69,8L7,47
$ 5,665.83
$ (L,214.25)
$ 225.87
$ 2,330.90
$ 458.46
$ 760.00
9C
9D
10 409.1( Federal Income Taxes
11 409.1r State Income Taxes
tZ 410.1( Provision for Deferred Income Tax - Federal
13 410,1r Provision for Deferred Income Tax - State
L4 4rt Provision for Deferred. Utility Income Tax Credits
15 4t2 Investment Tax Credits - Utility
16 Total Expenses from operatlons before lnterest (add lines 2-1s)
t7 413 Income From Utility Plant Leased to Others
18 4L4 Gains (Losses) From Disposition of Utility Plant
19 Net Operatlng Income (Add lines 1, 17 &18 less line 16)
20 41s Revenues, Merchandizing Jobbing and Contract Work
2t 416 Expenses, Metchandizing, Jobbing & Contracts
22 4r9 Interest & Dividend Income
23 4zo Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income
25 426 Miscellaneous Non-Utility Expense
26 408.2( Other Taxes, Non-Utility Operations
27 409-2( Income Taxes, Non-Utility Operations
28 Net Non-Utility Income (Add lines 2022,23 & 24 less lines2t,25,26, &27)
29 Gross Income (add lines 19 & 28)
30 421 Interest Exp. on Long-Term Debt
31 428 Other Interest Charges
32 NET INCOME (Line 29 less lines 30 & 31), (Also Enter on Pg 9, Line 2)
\,
2012 Annual Report for Water Utilities to the IDPUC
$ 122.00
$ 78,166.28
$ 2,139.24
$ (2,490.22)
t 2.139.24
$ (3s0.e8)
_t_(3s099.1
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ANNUAL REPORT FOR WATER UTIUTIES TO THE IDAHO PUBUC UTIUTIES COMMISSION
NAME: Island Park Water Company, Inc.
ACCOUNT 101 PI.ANT IN SERVICE DETAIL
SUB ACCT DESCRIPTION
1
2
3
4
5
6
7
8
9
10
11
t2
13
L4
15
16
L7
18
19
20
2L
22
23
24
25
26
27
28
301 Organization
3o2 Franchises and Consents
303 Land & Land Rights
304 Structures and Improvements
305 Collecting & Impounding Reservoirs
306 Lake, River & Other Intakes
3o7 Wells
3oB Infiltration Galleries & Tunnels
3oe Supply Mains
310 Power Generation Equipment
311 Power Pumping Equipment
3zo Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
333 Services
334 Meters and Meter Installations
33s Hydrants
336 Backflow Prevention Devices
33e Other Plant & Misc. Equipment
340 Office Furniture and Equipment
:+r . Transportation Equipment
342 Stores Equiprfient
343 Tools, Shop and Gaiage Equipment
344 Laboratory Equipment
345 Power Operated EquiPment
346 Communications EquiPment
347 MiscellaneousEquipment
348 Other Tangible Property
TOTAL PIANT IN SERVICE
56,740.49
47,943.24
127.23L.43
(Add lines 1 - 28) Enter beginning & end of year totals on Pg 7, Line 1
2012 Annual Report for Water Utilities to the IDPUC 5of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBUC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
ACCU MU I.ATED DEPRECIATION ACCOU NT 108. 1 DETAI L For the Year Ended
Balance Balance
End of
Year
Beglnnlng
of Year
ru3tlzotz
Increase
SUB ACCT DESCRIPTION
Structures and Improvements
Collecting & Impounding Reservoirs
Lake, River & Other Intakes
Wells
Infiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
3zo Purification Systems
330 Distribution Reservoirs & Standpipes
331 Trans. & Distrib. Mains & Accessories
304
305
306
307
308
1
2
3
4
5
6
7
I
9
10
11
L2
13
t4
15
16
L7
18
19
20
2t
22
23
24
25
26
309
310
311
Services
Meters and Meter Installations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Equipment
Stores Equipment
343 Tools, Shop and Garage Equipment
sqc Laboratory Equipment
34s Power Operated Equipment
346 Communications EQuipment
347 Miscellaneous Equipment
348 Other Tangible Property
TOTALS (Add unes 1 - 2s)
333
334
335
336
339
340
341
342
Enter beginning & end of year totals on Pg 7, Line 7
2012 Annual Repcirt for Water Utilities to the IDPUC 6of13
ANNUAL REPORT FOR WATER UTILMES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
BALANCE SHEET
SUB AC T
ASSETS
DESCRIPTION
1
2
3
4
5
6
7
I
9
10
11
t2
13
L4
15
16
77
18
19
20
2t
22
23
24
25
26
27
28
29
30
31
101 Utility Plant in Service (From P9 s, 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 unes r - 5)
1oB Accumulated Depreciation (From Pg 6, Line 26)
108 Accum. Depr. - Utility Plant Lease to Others
1oB Accum. Depr. - Property Held for Future Use
1ro Accum. Amort. - Utility Plant in Service
110 Accum. Amort. - Utility Plant Lease to Others
11s Accumulated Amortization - Aquisition Adj.
Net Utillty Plant lune 6 less lines 7 - 12)
L23 Investment in Subsidiaries
t25 Other Investments
Total Investments (Add lines 14 & 15)
Cash
Short Term Investments
Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & SuPplies Inventory
Prepaid Expenses
Unbilled (Accrued) Utility Revenue
Provision for Uncollectable Accounts
Total Current (Add lines L7 - 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)
For the Year Ended
Balance
Beglnning
of Year
r27.23L.43
t27.231.43
55,467.44
l3l
135
141
L42
145
151
t62
173
143
181
r83
L84
186
L27.231.43
L27,231,43
.4.
2012 Annual Report for Water Utilities to the IDPUC 7of13
ANNUAL REPORT FOR WATER UTIUTIES TO THE IDAHO PUBLIC UTIUTIES COMMISSION
NAME: Island Park Water Company, Inc.
BALANCE SHEET For the Year Ended
SUB ACCT
LIABILMES & CAPITAL
DESCRIPTION
201-3 Common Stock
204-6 Preferred Stock
zoz-r: Miscellaneous Capital Accounts
2t4 Appropriated Retained Earnings
2ts Unappropriated Retained Earnings
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equlty Capltat (Add Lines 1-5+7 less line 6)
221-2 Bonds
223 Advances from Associated Companies
224 Other Long - Term Debt
231 Accounts Payable
z3z Notes Payable
233 Accounts Payable - Associated Companies
23s Customer Deposits (Refundable)
zs6.rrAccrued Other Taxes Payable
zgo.r: Accrued Income Taxes Payable
236 Accrued Taxes - Non-UtilitY
z3z-+t Accrued Debt, Interest & Dividends Payable
24t Misc. Current & Accrued Liabilities
25r Unamortized Debt Premium
252 Advances for Construction
2s3 Other Deferred Liabilities
2ss Accumulated Investment Tax Lredits - Utility
255 Accum. Investment Tax Credits - Non-Utility
zor-s Operating Reserves
271 Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. x*
281-3 Accumulated Deferred Income Taxes
Total Liabllltles (Add lines 9 - 2e)
TOTAL UABIUTIES & CAPITAL ( Add lines I & 30)
** Only lf Commlssion APProved
1
2
3
4
5
6
7
8
9
10
11
t2
13
t4
15
16
L7
18
19
20
2t
22
23
24
25
26
27
28
29
30
31
84,629.t71
103,329.57
LA7,979.30
!:
2012 Annual Report for Water Utilities to the IDPUC 8of13
ANNUAL REPORT FOR WATER UTILMES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
STATEMENT OF RETAINED EARNINGS
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year Income (From P9 4, une 32)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Earnings
6 Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
7 Descriotion (Class, Par Value etc.)
For tte Year Ended l2l3Ll20l2
$ (84,629.17)
$ (3s0.98)
No. Shares
_$_184,e80.1s.)_
No, Shares Dlvldends
DETAIL OF LONG-TERM DEBT
i-
2012 Annual Repdrt for Water Utilities to the IDPUC 9of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBUC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
SYSTEM ENGINEERING DATA
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply:Type of
Treatment:
(None. Chlorine
Fluoride
System Storage:
For the Year Ended
Usable
Capadty
000's
t2l3u20t2 -
Water
Supply
Source
(well, Spring,
Constructlon
(Wood,
Steel
Total
Capacity
000's
Type of
Reservolr
(Elevated
Pressurlzed
(Dupllcate form and attach lf necessary. Asterlsk facllltles added thls year.)
t-
2012 Annual Report for Water Utilities to the IDPUC 10 of 13
ANNUAL REPORT FOR WATER UTIUTIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
SYSTEM ENGINEERING DATA Contlnued FortheYearEnded
4 Pump information for ALL system pumps, including wells and boosters.
Rated
Horse power
Rated
Capadty
Dlscharge
Pressure
t2l3tlzo,,2
Energy used
thls Year
** Submlt pump curves unless prevlously provided or unavallable, Asterlsk facllitles added thls year,
Attach addltlonal sheets lf lnadequate space is avallable on thls page.
5 If Wells are metered:
What was the total amount pumped this year? .000's gal.
What was the total amount pumped during peak month? 000'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? 000's gal.
7 Was your system designed to supply fire flows?
If Ye' What is current system rating?
How many times were meters read this year?
During which months?
How many additional customers could be served with no system improvements
except a service line and meter?
How miny of those potential additions are vacant lots?
10 Are backbone plant additions anticipated during the coming year?
If Yes, attach an explanatlon of projects and antlclpated costsl
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
.1 .
2012 Annual Repdrt for Water Utilities to the IDPUC 11 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBUC UTILITIES COMMISSION
NAME:' Isiand Park Water Company, Inc.
SYSTEM ENGINEERING DATA CONtINUEd
FEET OF MAINS
Plpe
Srze
CUSTOMER STATISTICS
2 Metered:
2A Residential
28 Commercial
2C Industrial
3 Flat Rate:
3A Residential
38 Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
TOTALS (Add llnes 2 through 8)
For the Year Ended
In Use Installed
Beginning Durlng
OfYear Year
L2l3Ll2012
Abandoned In Use
During End of
Year Year
2012 Annual Report for Water Utilities to the IDPUC 12 of 13
ANNUAL REPORT FOR WATER UTIUTIES TO THE IDAHO PUBUC UTILITIES COMMISSION
State of Idaho
My commission Expires I -,+ ^ ?l
CERTIFICATE
)ss
County of rvt
wE, the
utility, on our oath do severally say that the foregoing report has been prepared under our direction,
from the original books, papers and records of said utility; that we have carefully examined same, and
declare the same to be a correct statement of the business and affairs of said utility for the period
covered by the report in respect to each and every matter and thing therin set forth, to the best of our
knowledge, information and belief.
(Chlef Omcer)
Subscribed and Sworn to Before Me
gdlvexcel/Jnelson/anulrpts/wtrannualrpt
K"*-iii\- i
i PuBt\o j
'r,*rifr#ro.
2012 Annual Report for Water Utilities to the IDPUC 13 of 13