2014Annual Report.pdf

I:L-w
i r': l' -
AI{I{(IALREflUfii;
OF
ISLAND PARK WATER COMPANY, INC.
NAME
PO BOX 2521
IDAHO FALLS, ID 83403
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2014
ANNUAL REPORY FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING
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
11 Are there any affiliated companies? (yes or no)
If yes, attach a llst wlth names, addresses & descriptlons, Explaln any services provided to the utlllty.
t2 Contact Information
President (Owner)
Vice President
Secretary
General Manager
Complaints or Billing
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 llst wlth names, addresses & descriptlons. Explaln any servlces provided to the utlllty.
L4 Where are the Company's books and records kept?
Street Address 550 Linden Drive
t2l3yt4
Island Park Water Company, Inc,
5lLlt976
550 Linden Drive
PO Box 2521
Idaho Falls
Corporation
Fremont CounW
Phone No.
City
State
zip
Idaho Falls
524-7426, 52r-2369 & 821-0776
s24-7426, 521-2369 & 821-0776
524-7426, 52r-2369 & 821-0776
524-7426. 52r-2369 & 821-0775
2014 Annual Report for Water Utilitles to the IDPUC 1of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILTTIES 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?
t7 Is water purchased for resale through the system?
18 If 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
Idaho Department of Environmental QualiW?
If yes, attach full explanatlon
20 Has the Idaho Department of Environmental Quality
recommended any improvements?
If yes, attach full explanation
2L Number of Complaints received during year concerning:
Quality of Service
High Bills
Disconnection
-o-
22 Number of Customers involuntarily disconnected .^ 6
23 Date.customers last received a copy of the Summary
of Rules requirect by IDAPA 3L.2L.OL.7OL? 11fi5fi4
Attach a copy of the Summary
24 Did significant additions or retirements frcm the
Plant Accounts occur during the year?
If yes, attach full explanatlon and an updated system map
For the Yetr Ended
No
t2l3\lL4 -
Gallons/CcF lAmount
I
^o'
-o --
2014 Annual Repoit for Water Utilities to the IDPUC 2ot t3
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
Island Park Water Company, Inc.
REVENUE & EXPENSE DETAIL For the Year Ended
SUB ACCT DESCRIPTION
L2l3rl2OL4
1
2
3
4
5
6
7
8
460
461.1
461.2
462
464
465
466
400
4OO REVENUES
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 unes 1 - 7)
(also enter result on Page 4, line 1)
$ 88,522.87
Booked to Acct #
Booked to Acct #
Booked to Acct *
16,000.00
$ 23,700.00
$ 19,041.38
$ 4,656.36
$ 3,918.93
$-
$ 280.00
$ 15,942,33
$ 2,386.28
$ 9,028.63
$ 88,522.87
9
10
11
* DEQ Fees Bllled separately to customeni
+* Hookup or Connection Fees Collected
irrCommission Approved Surcharges Collected
t2 60r.1-6
13 60L.7
14 601.8
15 603
16 604
t7 610
18 61s-15
19 618
20 620.1-6
2L 620,7-8
22 631-34
23 63s
24 635
25 64t-42
26 6so
27 6s6-se
28 660
29 666
30 667
31 670
32 6zs
33
401 OPERATING EXPENSES
Labor - Operation & Maintenance
Labor - Customer Accounts
Labor - Administrative & General
Salaries, Officers & Directors
Employee Pensions & Beneflts
Purchased Water
Purchased Power & Fuel for Power
Chemicals
Materials-& Supplies - Operation & Maint.
Materials & Supplies - Administrative & General
Contract Services - Professional
Contract Services - Wut"l. Testing
Contract Services - Other
Rentals - Property & Equipment
Transportation Expense
Insurance
Advertising
Rate Case Expense (Amortization)
Regulatory Comm. Exp. (Other except taxes)
Bad Debt Expense
Miscellaneous
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, ltne 2)
t-
2014 Annual Report for Weter Utilities to the IDPUC
$ 94,953.91
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NAME: Island Park Water Company, Inc.
IhcoME STATEMENT
SUBACCT DESCRIPTION
1 Revenue (From Page 3, line 8)
2 Operating Expenses (From Page 3, line 33) $ 94,953.91
3 403 Depreciation Expense $ 5,665.83
4 406 Amortization, Utility Plant Aquisition Adj. $ (932.37)
5 407 Amortization Exp. - Other
6 4os.1o Regulatory Fees (PUC)
7 408.11 Property Taxes
I 4o8.r2 Payroll Taxes
9A 408.13 Other Taxes (list)
98 Taxes, Licenses & Fees $ 100.00
10 409.10 Federal Income Taxes
11 409.11 State Income Taxes
L2 410.10 Provision for Deferred Income Tax - Federal
13 4r0.11 Provision for Deferred Income Tax - State
14 411 Provision for Deferred Utility Income Tax Credits
15 412 Investment Tax Credits - Utility
16 Total Expenses from operations before interest (add lines 2-15)
t7 4t3 Income From Utility 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)
20 415 Revenues, Merchandizing Jobbing and Contract Work
2t 416 Expenses, Merchandizing, Jobbing & Contracts
22 4rs Interest & Dividend Income
23 42o Allowance for Funds used During Construction
24 421 Miscellaneous Non-Utility Income
25 426 Miscellaneous Non-Utility Expense
26 408.20 Other Taxes, Non-Utility Operations
27 4os-2o Income Taxes, Non-Utility Operations
EJ t\, Intr tLr^nv ruE,Llte uttLltlEJ t-Lil'ilvtlJJlrJtl
28 Net Non-Utility Income (Add lines 20,22,23 & 24 less lines2L,25,26, &27)
29 Gross Income (add lines 19 & 28)
30 427.3 Interest Exp. on Long-Term Debt
31 427.5 Other Interest Charges
32 NET INCOME (Une 29 less lines 30 & 31), (Also Enter on Pg 9, Line 2)
t:
2014 Annual Report for Water Utilities to the IDPUC
For the Year Ended
$ 88,522.87
tzl3Ll2014
$ (13,652.00)
$ 2,131.51
$ (11,520.49)
$ (11;520.49)
$-
$ 2,387.50
9C
9D
$ LO2,t74.87
$ 2,131.5r
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ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
ACCOUNT 101 PI.ANT IN SERVICE DETAIL
SUB ACCT DESCRIPTION
For the Year Ended
Added
Durlng
Year
1
2
3
4
5
6
7
I
9
10
11
L2
13
L4
15
16
L7
18
19
20
2L
22
23
24
25
26
27
28
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
Organization
Franchises and Consents
Land & Land Rights
Structures and Improvements
Collecting & Impounding Reservoirs
Lake, River & Other Intakes
Wells
Inflltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter Installations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and EquiPment
Transportation Equipment
Stores Equipment
Tools, Shop ind Garage Equipment
Laboratory Equipment
Powei Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTAL PLANT IN SERVICE
47.943.24
t27,23L,4329
(Add lines 1 - 28) Enter beginning & end of year totals on Pg 7, Line 1
2014 Annual Repoit for Water Utilities to the IDPUC 5of13
ANNUAL REPOR'T FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
SUB ACCT DESCRIPTION
1
2
3
4
5
6
7
I
9
10
11
L2
13
L4
15
16
L7
18
19
20
2t
22
23
24
25
26
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
34L
342
343
344
345
346
347
348
Structures and Improvements
Collecting & Impounding Reservoirs
Lake, River & Other Intakes
Wells
Infiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Puriflcation Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter Installations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. EquiPment
Office Fumiture 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 - 2s)
Enter beginning & end of year totals on Pg 7, Une 7
304
305
2014 Annual Report for Water Utilities to the IDPUC 6of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
BALANCE SHEET
SUB ACCT
ASSETS
DESCRIPTION
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
101 Utility Plant in Service (From Pg 5, une 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)
108.1 Accumulated Depreciation (From Pg 6, Line 26)
108.2 Accum. Depr. - Utility Plant Lease to Others
108,3 Accum. Depr. - Property Held for Future Use
r10.1 Accum. Amort. - Utility Plant in Service
110.2 Accum. Amort. - Utilify Plant Lease to Others
lrs Accumulated Amortization - Aquisition Adj.
Net Utility Plant (une 6 less lines 7 - 12)
123 Investment in Subsidiaries
t2s Other Investments
Total Investments (Add lines 14 & 15)
131 Cash
135 Short Term Investments
l4r Accts/Notes Receivable - Customers
r42 Other Receivables
145 Receivables from Associated Companies
1sr Materials & SuPPlies Inventory
162 Prepaid Expenses.
tt3 Unbilled (Accrued) Utiliry ReYenue
143 Provision for Uncollectable Accounts
Total Current (Add lines L7 - 24, less line 25)
18r 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)
For the Year Ended
Balance
Beglnnlng
L27,23L.43
59,687.L2
60,157,12
Lzl3Ll20t4
Balance Increase
End of or
r27,23t.43
L27,23t,43
2014 Annual Report for Water Utilities to the IDPUC 7ot13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME:Island Park Water Company, Inc.
BALANCE SHEET
1
2
3
4
5
6
7
8
9
10
11
L2
13
t4
15
16
t7
18
19
20
2L
22
23
24
25
26
27
28
29
30
31
SUB ACCT
LIABILITIES & CAPITAL
DESCRIPTION
2or-3 Common Stock
204-6 Preferred Stock
zo7-13 Miscellaneous Capital Accounts
214 AppropriatedRetainedEarnings
2Ls UnappropriatedRetainedEarnings
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add unes 1-5+7 less line 6)
zz!-2 Bonds
223 Advances from Associated Companies
2z+ Other Long - Term Debt
23r Accounts Payable
232 Notes Payable
233 Accounts Payable - Associated Companies
23s CustomerDeposits(Refundable)
236.11 Accrued OtherTaxes Payable
236.L2 Accrued Income Taxes Payable
236.2 Accrued Taxes - Non-UtilitY
237-4o Accrued Debt, Interest & Dividends Payable
241 Misc. Current & Accrued Liabilities
25r Unamortized Debt Premium
252 Advancesfor.Construction
2s3 Other Deferred Liabilities
2ss.1 Accumulated Investment Tax Credits - Utility
255.2 Accum. Investment Tax Credits - Non-Utility
251-s OperatingReserves
27t Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. **
28r-3 Accumulated Deferred Income Taxes
Total Liabillties (Add lines 9 - 29)
TOTAL LIABILITIES & CAPITAL ( Add lines 8 & 30)
*r Only if Commission Approved
79,243.23
120,589.45
L2l3U2Ot4
Balaoce Increase
End of or
2014 Annual Report for Water Utilities to the IOPUC 8of13
ANNUAL REPORT FOR WATER UTILITIES 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, Line 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 Description (Class, Par Value etc.)
DETAIL OF LONG-TERM DEBT
For the Year Ended
$ (90,763.72)
No. Shares No. Shares
t2l3tl20t4
$ (79,243.23)
$ (11,520.49)
Dividends
2014 Annual Report 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:
For the Year Ended
Typ€ of
Treatment:
(None, Chlorlne
Fluoride
Usable
Capadty
000's
' Annual
Pmduction
L2l3t/2OL4
Water
Supply
Source
(well, Spring,
Construction
(wood,
Steel
TOTALS
3 System Storage:
Total
Capacity
000's
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Type of
R€seruolr
(Elevated
Pressurized
2014 Annual Report for Water Utilities to the IDPUC 10 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBUC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
SYSTEM ENGINEERING DATA Continued FortheYear Ended
4 Pump information for ALL system pumps, including wells and boosters.
t2l3t/20L4
Rated
llorse power
Rated
Capacity
Discha€e
Pressure
Energy used
thls Year
6
7
t* Submit pump curves unless previously provlded or unavailable, Asterlsk facilitles added thls year.
Attach additional sheets if inadequate 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.
If customers are metered, what was the total amount sold in peak month? 000's gal.
Was your system designed to supply fire flows?
If Yes: 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 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 anticlpated costsl
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
2014 Annual Report for water Utilities to the IDPUC 11 of 13
ANNUAL REPOR-T FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
SYSTEM ENGINEERING DATA Continued
FEET OF MAINS
1 Pipe
Size
CUSTOMER STATISTICS
Metered:
Residential
Commercial
Industrial
Flat Rate:
Residential
Commercial
Industrial
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
TOTALS (Add lines 2 through 8)
For the Year Ended
In Use Installed
Beginnhg During
Of Year Year
L2l3U20L4
12 of 13
2
2A
28
2C
3
3A
3B
3C
4
5
6
7
8
2014 Annual Report for Water Utilities to the IDPUC
ANNUAL REPORT FOR WATER UTIUTIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
CERTIFICATE
State of Idaho
county or i3Cnn
)ss
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.
Subscribed and Sworn to Before Me
MycommissionExpires l',A2- P I
gdlVexceuJnelson/anulrpts/wtrannualrpt
'1 PuBL\o rj
, :k......-.....{l*
2014 Annual Report for water Utilities to the IDPUC 13 of 13