2015Annual Report.pdf

I:L-W
ATilY(IAL REPORT
OF
lsland Park Water Company
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PO Box2521
ldaho Falls, lD 83403
ADDRESS
TO THE
IDAHO PUBLIC
UTIL!T!ES GOMMISSION
FOR THE
YEAR ENDED 2015
, ;: I l:
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSIOFII) .!.I..
FOR THE YEAR ENDING L2/3t/75
i:CEIVED
21 ftli l0:02
|t l14
' ,.,r lrtuClt..\lJ... l.ir:'liurulvli
COMPANY INFORMATION
1 Give full name of utility
Telephone Area Code ( )
E-mail address
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
City
State
zip
Island Park Water Company, Inc.
[phone],82t-077 6,524,7 426
[e-mail]
5/ L/ r976
455 Constitution Way
PO Box 2521
Idaho Falls
Corporation
Fremont County
11 Are there any affiliated companies? (yes or no)
If yes, attach a list with names, addresses & descriptions. Explain any services provided to the utility.
12 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 list with names, addresses & descrlptions, Explaln any services provided to the utility,
t4 Where are the Company's books and records kept?
Street Address 455 constitution way
Phone No.
524 -7 426, 521-2369 &. 821-077 6
524-7 426. 521-2369 & 821-0776
524-7426, 521-2369 & 821-0776
821-07 7 6. 524 -7 426,527,2369
524 -7 426, 521-2369 & 821-0776
524-7426. 521-2369 & 821-077b
2015AN-3 Prelim ina ry
Idaho Falls
1of13
ANNUAL REPORT FOR WATER UTILITIES
NAME: Island Park Water Company, Inc.
TO THE IDAHO PUBLIC UTILITIES COMMISSION
COMPANY INFORMATION (Cont.)
FOR THE YEAR ENDING L2/31/15
For the Year Ended
No
oL/00/00
t7
18
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?
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
19 Has any system(s) been disapproved by the
Idaho Department of Environmental Quality?
Gallons/CCF
If yes, attach full explanation
20 Has the Idaho Department of Environmental Quality
recommended any improvements?
If yes, attach full explanation
2t Number of Complaints received during year concerning:
Quality of Service
High Bills
Disconnection
N umber of Customers involuntarily discon nected22
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
Did significant additions or retirements from the
Plant Accounts occur during the year?
If yes, attach full explanation and an updated system map
1 1/1 5/1 5
24
2015AN-3 Prelim inary 2of13
ANNUAL REPORT FOR WATER UTILITIES
NAME: Island Park Water Company, Inc,
ACCT #DESCRIPTION
TO THE IDAHO PUBLIC UTILITIES COMMISSION
REVENUE & EXPENSE DETAIL
FOR THE YEAR ENDING 12/31/15
1
2
3
4
5
6
7
8
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 Lines 1 - 7)
(also enter result on Page 4. line 1)
x DEQ Fees Billed separately to customers
** Hookup or Connection Fees Collected
***Commission Approved Surcharges Collected
401 OPERATING EXPENSES
Labor - Operation & Maintenance
Labor - Customer Accounts
Labor - Administrative & General
Salaries, Officers & Directors
Employee Pensions & Benefits
Purchased Water
Purchased Power & Fuel for Power
Chemicals
Materials & Supplies - Operation & Maint.
620.7-8 Materials & Supplies - Administrative & General
631-34 Contract Services - Professional
460
461.1
46L.2
462
464
465
466
400
60 1.1-6
601.7
601.8
603
604
610
6 15- 16
618
620.1-6
635
636
Booked to Acct #
Booked to Acct #
Booked to Acct #
$ 130,456.86
9
10
11
15.400.00
2L,22r.44
23,9 10,23
$ 3.654.78
$ 14,428.00
$ 8,740.00
$ 27,500.00
$ 16,984.s6
$ 4,319.3s
2,964.55
$ 9,998.24
$ 130,456.86
L2
13
l4
15
16
L7
18
19
20
2t
22
23
24
25
26
27
28
29
30
31
32
33
Contract Services - Water Testing
Contract Services - Other
64r-42 Rentals - Property & Equipment
650 Transportation Expense
656-59 Insurance
660
666
667
670
675
Advertising
Rate Case Expense (Amortization)
Regulatory Comm. Exp. (Other except taxes)
Bad Debt Expense
Miscellaneous
Total Operating Expenses (Add lines 12 - 32, also enteron Pg 4, line 2)
2015AN-3Preliminary
$ 150,121,15
3of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
Island Park Water Company, Inc.
INCOME STATEMENT
FOR THE YEAR ENDING 72l3Ll t5
SUB ACCT DESCRIPTION
1
2
3
4
5
6
7
I
9A
9B
9C
9D
10
11
t2
13
t4
15
16
L7
1B
19
20
2t
22
23
24
25
26
27
28
29
30
31
32
427.3
427.5
Revenue (From Page 3, line 8)
Operating Expenses (From Page 3, line 33)
Depreciation Expense
Amortization, Utility Plant Aquisition Adj.
Amortization Exp. - Other
Regulatory Fees (PUC)
Property Taxes
Payroll Taxes
Other Taxes (tisr)
Taxes, Licenses & Fees
130,456.86
403
406
407
408.10
408. 1 1
408.12
408.13
413
4L4
415
476
419
420
421
426
408.20
409-20
150,121,15
5,459,70
$ (932,37)
L47.23
4,774.39
$ s 14.99
409.10 Federal Income Taxes
409.11 State Income Taxes
410.10 Provision for Deferred Income Tax - Federal
410.11 Provision for Deferred Income Tax - State
4tL Provision for Deferred Utility Income Tax Credits
412 Investment Tax Credits - Utility
Total Expenses from operations before interest (add lines 2-15)
Income From Utility Plant Leased to Others
Gains (Losses) From Disposition of Utility Plant
Net Operating Income (Add lines 1, 17 &18 less line 16)
Revenues, Merchandizing Jobbing and Contract Work
Expenses, Merchandizing, Jobbing & Contracts
Interest & Dividend Income
Allowance for Funds used During Construction
Miscellaneous Non-Utility Income
Miscellaneous Non-Utility Expense
Other Taxes, Non-Utility Operations
Income Taxes, Non-Utility Operations
Net Non-Utility Income (Add lines 20,22,23 & 24 less lines2L,25,26, &.27)
Gross Income (add lines 19 & 28)
Interest Exp. on Long-Term Debt
Other Interest Charges
NET INCOME (Line 29 less lines 30 & 31), (Also Enter on Pg 9, Line 2)
160,145.09
$ (29,688.23)
$ 7,51r.59
$ (22,176.64)
_g____92,1?6,u)_
2015AN-3 Preliminary 4of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
ACCOUNT 101 PLANT IN SERVICE DETAIL
FOR THE YEAR ENDING L2/31/15
SUB ACCT DESCRIPTION
1
2
3
4
5
6
7
B
9
10
11
t2
13
L4
15
16
L7
1B
19
20
2l
22
23
24
25
26
27
28
29
301
302
303
304
305
306
307
308
309
310
311
320
330
331
333
334
335
1?6
339
340
347
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
Infiltration 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 and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTAL PLANT IN SERVICE
47,943,24
9.733.75
6,288.36
4.588.5 1
1,937.08
(Add lines 1 - 28) Enter beginning & end of year totals on Pg 7, Line 1
2015AN-3Preliminary 5of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
ACCUMULATED DEPRECIATION ACCOUNT LO7,T DETAIL
FOR THE YEAR ENDING L2/31/T5
SUB ACCT DESCRIPTION
1
2
3
4
5
6
7
B
9
10
11
t2
13
L4
15
16
L7
18
19
20
2L
22
23
24
25
26
304
305
Structures and Improvements
Collecting & Impounding Reservoirs
Lake, River & Other Intakes
Wells
Infiltration 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 and Garage Equipment
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
341
342
343
344 Laboratory Equipment
34s Power Operated Equipment
346 Communications Equipment
347 Miscellaneous Equipment
348 Other Tangible Property
TOTALS (Add Lines 1 - 2s)
25,407.L6 27,648.75
Enter beginning & end of year totals on Pg 7, Line 7
2015AN-3Preliminary 6of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
BALANCE SHEET
FOR THE YEAR ENDING L?,/31/15
SUB ACCT
ASSETS
DESCRIPTION
Balance
Beginning
of Year
1
2
3
4
5
6
B
9
10
11
L2
13
L4
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, Line 29)
to2 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 P9 6, Line 26)
108.2 Accum. Depr. - Utility 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. - Utility Plant Lease to Others
11s Accumulated Amortization - Aquisition Adj.
Net Utility Plant lline 6 less lines 7 - 12)
Investment in Subsidiaries
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)
123
t25
L27,23L.43
127,23r.43
131
135
741
742
145
151
762
t73
t43
181
183
184
186
L27,23t.43
L27,23L.43
77,924.63
727.tL
(17,649.3t
85,027.58
2015AN-3Prelim inary
108,136.59
7of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
BALANCE SHEET (continued)
FOR THE YEAR ENDING 12/31/15
1
2
3
4
5
6
7
I
9
10
11
L2
13
L4
15
16
t7
1B
19
20
2l
22
23
24
25
26
27
28
29
30
31
SUB ACCT
LIABILITIES & CAPITAL
DESCRIPTION
201-3 Common Stock
204-6 Preferred Stock
207-L3 Miscellaneous Capital Accounts
2r4 AppropriatedRetainedEarnings
zLs UnappropriatedRetainedEarnings
216 Reacquired Capital Stock
218 Proprietary Capital
Total Equity Capital (Add Lines 1-5+7 less llne 6)
22!-2 Bonds
223 Advances from Associated Companies
?24 Other Long - Term Debt
23r Accounts Payable
232 Notes Payable
233 Accounts Payable - Associated Companies
23s CustomerDeposits(Refundable)
236,11 Accrued Other Taxes Payable
236.12 Accrued Income Taxes Payable
236.2 Accrued Taxes - Non-Utility
237-40 Accrued Debt, Interest & Dividends Payable
241 Misc. Current & Accrued Liabilities
zst Unamortized Debt Premium
252 Advances for Construction
2s3 Other Deferred Liabilities
2s5.1 Accumulated Investment Tax Credits - Utility
25s.2 Accum. Investment Tax Credits - Non-Utility
261-5 OperatingReserves
27r Contributions in Aid of Construction
272 Accum. Amort. of Contrib. in Aid of Const. **
281-3 Accumulated Deferred Income Taxes
Total Liabilities (Add lines 9 - 29)
TOTAL LIABILITIES & CAPITAL ( Add lines I & 30)
+* only if commission Approved
90,763,7
rr7 ,329.57
87,024.02
5,453.28
198,900.3 1
I 12,940.36 22,776.64
I 12,940.36
LL7 ,329.57
87,024.02
197,967.94
2015AN-3 Prelim ina ry
1 08, 136.59
8of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDING I2I3uL5
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
No. Shares
Descriotion (Class. Par Value etc.)
DETAIL OF LONG-TERM DEBT
Interest Year-end
$ (90,7 63.72)
$ (22,t76,64)
$ (112,940.36)
No. Shares Dividends
2015AN-3Preliminary 9of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
SYSTEM ENGINEERING DATA
FOR THE YEAR ENDING 12/31/15
map if significant changes have been made to the system during the year.Provide an updated system
Water Supply:
Pu location
Rated
Capacity
Total
Capacity
000's
Type of
Treatment:
(None, Chlorine
Fluoride
Annual
Production
Water
Supply
Source
(Well, spring,
Construction
(wood,
Steel
TOTALS
System Storage:
Usable
Capacity
000's
Type of
Reservoir
(Elevated
Pressurized
m or Filter etc.) (000's Gal.) Surface
Valley View # 1 18 7,632 Well
Valley View #2 11 37 Well
Shot Gun South - Stevens 10 49 Well
Shot Gun South - Kicka 75 763 Well
Shot Gun South - Cherokee 75 935 Well
Shot Gun South - Choctaw 75 3,44t Well
Shot Gun North - #2 20 289 Well
Shot Gun North - #3 50 2,027 Well
Goose 28 2,022 Well
362 1 1, 195
(Duplicate form and attach if necessary. Asterisk facilities added this year:
2015AN-3 Prelim inary 10 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE PUBLIC UTILITIES COMMISSION
Island Park Water Company, Inc,
SYSTEM ENGINEERING DATA (continued)
FOR THE YEAR ENDING
Pump information for ALL system pumps, including wells and boosters.
t2137/ Ls
Rated
Horse power
Rated
Capacity
Discha rge
Pressure
Energy used
this Year
1 1, 195,000
2.183,000
NA
** Submit pump curves unless previously provided or unavailable. Asterisk facilities added this year.
Attach additional sheets if inadequate space is available on this page.
5 If Wells are metered:
Valley View
Shot Gun South
Shot Gun North
Goose Bay
What was the total amount pumped this year? 000's gal.
Valley View
Shot Gun South
Shot Gun North
Goose Bay
6
7
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 anticipated costsl
11 In what year do you anticipate that the system capacity (supply, storage or distribution)
2O15AN-3pretirnlliilrNave to be expanded?
Gallons
1,669,000
5,188,000
2,316,000
2,022,000
1 19,000
1,2 19,000
379,000
466,000
Designation or Location & Type ot ((Kwh
Vallev View #1 3 t8 50 3405
Valley View #2 1 11 50 75
Shot Gun South - Stevens 3/4 10 50 101
Shot Gun South - Kicka 5 75 50 1557
Shot Gun South - Cherokee 5 75 50 1909
Shot Gun South - Choctaw 5 7q 50 7023
Shot Gun North - #2 1.5 20 50 570
Shot Gun North - #3 5 50 50 4t36
Goose 3 28 50 4t26
-1€F+3
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
SYSTEM ENGINEERING DATA (continued)
FOR THE YEAR ENDING 12/31/T5
FEET OF MAINS
Pipe
Size
In Use
Beginning
Of Year
Installed
During
Year
Abandoned
During
Year
In Use
End of
Year
4"
3"
2"
6',
4"
Val View
Shot Gun South
3',
z',
1 .5"
2A
2
3
Shot Gun North
4',
J
2.5"
2"
Goose
6"
4"
J
2"
1 .5"
Metered
Flat Rate:
Residential
Valley View
Shot Gun South
Shot Gun North
Goose Bay
Aspen Ridge
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
4
5
A
7
8
460'460'
1340'1340'
5,790'.5,790',
0
440'440',
3180'3 180'
2740'2740',
5400'5400'
249',249',
0
160'160'
760'760'
2.640'.2.640',
1400'1400'
0
260'.260'
3,740'.3,740',
2,520',2.520',
540'540'
140'140'
This Year
NA
15
148
94
58
EE
NA
NA
NA
NA
NA
370 0 0 0TOTALS (Add lines 2 through 8)
2015AN-3 Prelimina ry
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
CERTIFICATE
State of ldaho
County of
)ss
of , trL)e-
utility, on our oath do severally say that the foregoing report has been under our direction,
from the original books, papers and records of said utllity; 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
Mv Commission Exoires
an,
6urrur//e bML'
/
Ptrgttc
2015AN-3Preliminary 13 of 13