2016Annual Report.pdf

:t8L-I,
AI{T{UAL REPORT,
.,, o, ^ flit -,' vJ
I.
OF
lsland Park Water Company
NAME
455 Constitution Way, PO Box2521
ldaho Falls, lD 83403
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2016
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING I2/3IIL6
COMPANY INFORMATION
1 Give full name of utility
Telephone
Email address
2 Date of Organization
3 Organized under the laws of the state of
4 Address of Principal Office (number & street)
5 P.O. Bor (if applicable)
6 City
7 State
8 Zip Code
9 Organization (proprietor, partnership,corp.)
10 Towns, Counties served
Island Park Water Company, Inc.
82
[e-mail]
slr/t976
Idaho
455 Constitution Way
PO Box 2521
Idaho Falls
Idaho
83403
Corporation
Fremont County
11 Are there any affiliated companies? (yes or no)No
If yes, attach a list wlth names, addresses&descriptions. Explain any services provlded to the utility,
t2 Contact Information Name Phone
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? No
If yes, attach a llst with names, addresses & descriptions, Explaln any services provlded to the utility
L4 Where are the Company's books and records kept?
Street Address 455 consitution way
City
State
zip
Mlchael Lund
Idaho Falls
Idaho
(209\ 524-7426, 521-2369 & 821-0776
(20a\ 524-7426. 521-2369 &. 821-0776
(208\ 524-7426. 521-2369 & 8?L-077 6
[phone]
(204\ 524-7 426, 52L-2369 & 821-0776
(2OA) 524-7426, 52L-2369 s 827-0776
2015 Annual Report for Water Utilities to the lDPUC.xls 1of13
83403
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
COMPANY INFORMATION (Cont.)
15 Is the system operated or maintained under a service contract?
16 If yesi With whom is the contract?
When does the contract expire?
What services and rates are included?
L7 Is water purchased for resale through the system?
18 If yes: Name of Organization
Name of owner or operator
Mailing Address
City
State
zip
For the Year Ended
No
ilo
Gallons/CCF $Amount
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?
If yes, attach full explanation
2L Number of Complaints received during year concerning
Quality of Service
High Biils
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 signlficant additions or retirements from the
Plant Accounts occur during the year?
If yes, attach full explanatlon and an updated system map
NO
No
04/15/16
2015 Annual Report for Water Utilities to the lDPUC.xls 2otr?
tzl3LlL6
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
For the Year Ended L2/3t/20t6
1
2
3
4
5
6
7
I
4OO REVENUES
460 Unmetered Water Revenue
461.1 Metered Sales - Residential
46L.2 Metered Sales - Commercial, Industrial
462 Fire Protection Revenue
464 Other Water Sales Revenue
465 lrrigation Sales Revenue
466 Sales for Resale
4oo Total Revenue (Add Lines 1 - 7)
(also enter result on Page 4, line 1)
* DEQ Fees Billed separately to customers
** Hookup or Connection Fees Collected
*x*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-A
631-34
635
636
64t-42
650
656-59
660
666
657
670
675
$92,519.13
9
10
11
Booked to Acct #
Booked to Acct #
Booked to Acct #
$ 92,519.13
L2
13
L4
15
16
L7
18
19
20
27
22
23
24
25
26
27
28
29
30
31
32
33
$18,100.00
Materials & Supplies - Administrative & General
Contract Services - Professional
Contract Services - Water 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 ltnes 12 - 32, also enrer on pg 4, tine 2)
$ 16,284.24
$73,427,06
$4,639.32
$2,940,60
$9,3 15.00
$23,000.00
$18,596.89
$7,606.75
$2,907.O0
2016 Annual Report for Water Utilities to the lDPUC.xls
$12,860.70
$ L39,677,56
3of13
NAME: Island Park Water Company, Inc.
REVENUE & EXPENSE DETAIL
SUBACCT DESCRIPTION
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
INCOME STATEMENT
SUBACCT DESCRIPTION
For the Year Ended 12/31120t6
$ (ss,s18.98)
$2,L64.67
$ Js3-3s4.31)
_$_ts3,3s4.3!_
1
2
3 403
4 406
5 cot
6 408.10
7 408.11
8 408,12
9A 408.13
9B
9C
9D
10 409.10
11 409.11
L2 410.10
13 410.11
14 4tL
15 4Lz
16
L7 4L3
419
420
421
426
408.20
409-20
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 oisr)
Taxes, Licenses & Fees
$ 92,519.13
$ L39,677,56
$ s,402.37
$ (e32.37)
$
$3,239.28
$63t.27
20.00
$ 148,038.11
18 414
19
20 41s
2t 4L6
Federal Income Taxes
State Income Taxes
Provision for Deferred Income Tax - Federal
Provision for Deferred Income Tax - State
Provision for Deferred Utility Income Tax Credits
Investment Tax Credits - Utility
Total Expenses from operations before interest (add lines 2-1s)
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-Utllity Expense
Other Taxes, Non-Utility Operations
Income Taxes, Non-Utility Operations
Net Non-Utility Income (Add lines 20,22,23 & 24 tess tines 2r,25,26, 9.27)
Gross Income (add llnes 19 & 28)
Interest Exp. on Long-Term Debt
Other Interest Charges
NET INCOME (Line 29 less lines 30 & 3r), (Also Enter on Pg 9, Line 2)
22
23
24
25
26
27
28
29
30
31
32
$2,164.67
2015 Annual Report for Water Utilities to the lDPUC.xls 4of13
$
$
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMTSSION
NAME: Island Park Water Company, Inc.
ACCOUNT 101 PLANT IN SERVICE DETAIL
SUB ACCT
For the Year Ended
Added
During
t2l3Ll20t6
Balance
Beqinning
DESCRIPTION
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. & Dlstrib. Malns & 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
47
TOTAL PI.ANT IN SERVICE
Removed
During
Balance
End of
1
2
3
4
5
6
7
8
9
10
11
L2
13
L4
15
16
77
18
19
301
302
303
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
34L
342
343
344
.0820
2L
22
23
24
25 34s
26 346
27 341
28 348
29
$
$
$
$
$
$
$ s6,740.49
$
$
$
s 47.943,24
$
$
$
$ 9,733.75
$ 6,288,36
$
$
4,588.51$
1,937,08$
$
$
$
$
$
$
$
$
$
$$$ L27,23L.43
2016 Annual Report for Water Utilities to the lDPUC.xls 5of13
(Add lines 1 - 28) Enter beginning & end of year totals on pg 7, Line 1
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
ACCU M U LATED DEPRECIATION ACCOU NT 108. 1 DETAIL 72/3L12016
Depreciation
Rate
For the Year Ended
Balance
Beginning
Balance
End of
Increase
or
SUB
1
2
3
4
5
6
7
I
9
10
11
L2
13
t4
15
16
t7
18
19
20
2t
22
23
24
25
26
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
34L
342
343
344
345
346
347
348
Structures and Improvements
Collecting & Impounding Reservoirs
Lake, River & Other Intakes
Wells
Infiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter Installations
Hydrants
Backflow Prevention Devices
Other Plant & Misc. Equipment
Office Furniture and Equipment
Transportation Eguipment
Stores Equipment
Tools, Shop and Garage Equipment
Laboratory Equipment
Power Operated Equipment
Communications Equipment
Miscellaneous Equipment
Other Tangible Property
TOTALS (Add Lines 1 - 25)
Enter beginning & end of year totals on P9 7, Line 7
$
$
$
$33,109.39 $ 3s,5s9.79 $ 2AsO.40
$
$
$
27,648.75$$ 29,890.34 $ 2,24L.59
$
$
$
9,733.75$$ 9,733.75 $
L,729.27t 1,980.80$$251.53
$
$
3,766.39$$4,225.24 $458,85
1,937.08$1.937.08$$
$
$
$
$
$
$
$
$
77,924.63$$ 83,327.00 $ 5,402,37
2016 Annual Report for Water Utilities to the lDPUC.xls 6of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
BALANCE SHEET
ASSETS
ACCT ON
For the Year Ended
Balance
Beginning
of
t27 7,43
180.78
540.00
t2l3Ll20 16
Balance
End of
Increase
or
1
2
3
4
5
6
7
I
9
10
11
t2
13
L4
15
16
101
L02
103
105
lL4
108.1
108.2
108.3
110,1
110.2
115
145
151
L62
L73
t43
Utility Plant in Service (From Ps 5, Line 29)
Utility Plant Leased to Others
Plant Held for Future Use
Construction Work in Progress
Utility Plant Aquisition Adjustment
Subtotal (Add Lines 1 - 5)
Accumulated Depreciation (From pg 6, Line 26)
Accum. Depr. - Utility Plant Lease to Others
Accum. Depr. - Property Held for Future Use
Accum. Amort. - Utility Plant in Service
Accum. Amort. - Utility Plant Lease to Others
Accumulated Amortization - Aquisition Adj.
Net Utility Plant (Line 6 less lines 7 - 12)
Investment in Subsidiaries
Other Investments
Total Investments (Add ilnes 14 & 15)
Cash
Short Term Investments
Accts/Notes Receivable - Customers
Other Receivables
Recelvables from Associated Companies
Materials & Supplies Inventory
Prepaid Expenses
Unbilled (Accrued) Utility Revenue
Provision for Uncollectable Accounts
Total Current (Add lines 17 - 24,less line 25)
Unamortized Debt Discount & Expense
Preliminary Survey & Investigation Charges
Deferred Rate Case Expenses
Other Deferred Charges
Total Assets (Add lines 13, 16 & 26 - 30)
L23
L?5
L7 131
18 13s
19 141
20 L42
2t
22
23
24
25
26
27 181
28 183
29 184
30 186
31
$ t27,23L.43 $
$
$
$
$
$ L?7.23t.43 $
$ (83,327.00)$ (s,402.37',)
$
$
$
$
$
$ 43,904,43 $ (5,402.37)
$
$
$$
(9,623,53)$$ (44,804,31)
d
$
$
$
$
$540.00 $
$
$
$ (9,083.s3)$ (44,804.31)
$
$
$
$
$ 34,820.90 $ (50,206.68)
2016 Annual Report for Water Utilities to the lDPUC.xls 7ofL3
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
BALANCE SHEET
LIABILITIES & CAPITAL
SUB ACCT
For the Year Ended
Balance
Beglnning
tL7 57
87,
t213112076
Balance
End of
Increase
or
1
2
3
4
5
6
7
8
9
10
11
L2
13
L4
15
16
t7
18
19
20
2t
22
23
24
25
26
27
28
29
30
31
DESCRIPTION
Common Stock
Preferred Stock
Miscellaneous Capital Accounts
Appropriated Retained Earnings
Unappropriated Retained Earnings
Reacquired Capital Stock
Proprietary Capital
Total Equity Capital (Add Lines 1-s+7 less line 6)
Bonds
Advances from Associated Companies
Other Long - Term Debt
Accounts Payable
Notes Payable
Accounts Payable - Associated Companies
Customer Deposits (Refundable)
Accrued Other Taxes Payable
Accrued Income Taxes Payable
Accrued Taxes - Non-Utility
Accrued Debt, Interest & Dividends Payable
Misc. Current & Accrued Liabilities
Unamortized Debt Premium
Advances for Construction
Other Deferred Liabilities
Accumulated Investment Tax Credits - Utility
Accum. Investment Tax Credits - Non-Utility
Operating Reserves
Contributions in Aid of Construction
Accum. Amort. of Contrib. in Aid of Const. *x
Accumulated Deferred Income Taxes
Total Liabilities (naa tines 9 - 29)
TOTAL LIABILITIES & CAPITAL ( Add lines 8 & 30)
** only lf Commission Approved
201-3
204-6
207-L3
2L4
215
2L6
218
22L-2
223
224
231
232
233
235
235.11
236.L2
236.2
237-40
24r
251
252
253
255.1
255,2
261-5
27L
272
281-3
$
t
$
$
$ 112.940.36
$
$
$
$ (166,294.67)$ (53,354.3r)
$
$
$
$
$ t17,329,57 $
$
$
$
$
$
$
$
$
$
$
$
$
$
$ 91,104.02 $4,080.00
$ (7,318,02)$(932.37\
$
$ 201,115.57 $ 3,L47,63
$ 34.820.90 $ (50.206.58)
2016 Annual Report for Water Utilities to the lDPUC.xls
94
$(0.00) $
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 Pg 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
For the Year Ended
No. Shares
Year-end
L2/31/20t6
$ (112,940,36)
$ (s3,354.31)
$ (166,294.67)
No, Shares
7 Description (Class, Par Value etc.)
Dlvldends
Patd
DETAIL OF LONG-TERM DEBT
Totals
Interest Interest
Pald
Interest
AccruedB
$
$$$
2016 Annual Report for Water Utilities to the lDPUC.xls 9of13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
SYSTEM ENGINEERING DATA FoT the YeaT Ended
1 Provide an updated system map if significant changes have been made to the system during the year.
2 Water Supply: rvpe or
Treatment:
Rated (None, Chlorine Annual
Capacity Fluoride Production
Pum Fllter
VA
View
Shot Gun South -
Shot Gun South - Cherokee
Shot Gun South - Choctaw
n North - #2
3 System Storage:
L2/3Ll20t6
Usable
Capacity
000's
Gal.
Type of
Reseruoir
(Elevated
Pressurized
Water
supply
Source
(Well, Spring,
Constructlon
(wood,
Steel
nation or Location
Total
Capaclty
000's
cal.
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
Well18r,632
11 37 Well
49 Well10
75 763 Well
935 Well75
75 3,44L well
zo 289 well
50 2,O27 Well
28 2,O22 well
362 11,195
2016 Annual Report for Water Utilities to the lDPUC.xls 10 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water Company, Inc.
SYSTEM ENGINEERING DATA Cont|Nued
4 Pump information for ALL system pumps, including wells and boosters,
Rated
Horse power
For the Year Ended
Rated
Capaclty
t2/3r/20t6
&
View #2
Shot Gun South - Stevens
Gun - Kicka
Shot Gun South - Choctaw
Shot Gun North - #2
Shot un North - #3
Goose
** Submit pump curves unless previously provlded or unavailable. Asterisk facilities added this year.
Attach addltional sheets lf 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' gal.
6 If customers are metered, what was the total amount sold in peak month? 000,s gal
Valley View
Shot Gun South
Shot Gun North
Goose Bay
What was the total amount pumped during peak month? 000' 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 distrlbution)
will have to be expanded?
2016 Annual Report for Water Utilities to the lDPUC.xls
Gallons
Discharge
Pressure
Energy used
thls Year
11,195,000
1,659,000
5,188,000
2,316,000
2,022,000
I 19,000
1,2 19,000
379,000
456,000
2,183,000
No
NA
3.00 18 50 3405
1.00 11 50 75
0.75 10 50 101
5.00 75 50 1557
5.00 75 50 1909
5.00 75 50 7023
1.50 20 50 570
5.00 50 50 4136
3.00 28 50 4tz6
11 of 13
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
NAME: Island Park Water ComPanY, Inc
SYSTEM ENGINEERING DATA Continued
FEET OF MAINS
Size
Val View
2"
Gun South
2"
1.5u
Shot Gun North
4"
3u
2"
Goose
6"
4"
3u
2"
1.5"
2 Metered
3 Flat Rate
3A Residential
Valley View
Shot Gun South
Shot Gun North
Goose Bay
Aspen Ridge
38 Commercial
3C Industrial
4 Private Fire Protection
5 Public Fire Protection
6 Street Sprinkling
7 Municipal, Other
8 Other Water Utilities
For the Year Ended
Installed
During
Year
t2l3Ll20L6
Pipe1
In Use
Beginnlng
Of Year
Abandoned
During
Year
In Use
End of
Year
TOTALS (Add lines 2 throuoh 8)
2016 Annual Repbrt for Water Utililies t'o the lDPUC.xls
460'450'
1340'1340'
5790'5790'
44o',449',
3180'3180',
2740'2740'
5400'5400'
240',240',
150'160'
760',760',
2640',2640',
1400'1400'
260'260',
374o',3740',
2520',2520',
540'540'
140',740'
NA
15
148
94
58
55
NA
NA
NA
370 0 0 0
ANNUAL REPORT FOR WATER UTILITIES TO THE IDAHO PUBLIC UTILITIES COMMISSION
CERTIFICATE
State of Idaho
the
Is,
County of
of
utllity, 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 sald 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 bellef.
)ss
Subscrlbed and Sworn to Before Me
tnrs lrL_aav orGClQ-hs.E)-, 2O l1
NOTARY PUBLIC
My Commission Expires lo-tl :tB
(Chlef Officer)
(Officer in Charge Accounts)
ay'z/zo, z
,o/r/r"
CC?o
2016 Annual Report for Water Utilities to the lDPUC.xls 13 of 13
)