2020Annual Report.pdf

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A]Y]Y(IAL REPORT
OF
ISLAND PARK WATER COMPANY
NAME
455 Constituition Way
IDAHO FALLS, IDAHO 83402
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES COMMISSION
FOR THE
YEAR ENDED 2020
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A]YIYUAL REPORT
rtr(=F.)
OF
ISLAND PARK WATER COMPANY
NAME
455 Constituition Way
IDAHO FALLS TDAHO 83402
ADDRE
TO THE
IDAHO PUBLIC
UTILITIES GOMMISSION
FOR THE
YEAR ENDED
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ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 2O2O
COMPANY INFORMATION
Island Paark Water Company, Inc.1 Give full name of utility
2 Dale 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
May 5,1975
Idaho
455 Constitution Way
Isaho Falls,
Idaho
83402
Copr/
Fremont
11 Are there any affiliated NO
lf yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
12 Contact lnformation Name
President (Owner)
Vice President
Secretary
GeneralManager
Complaints or Billing
Engineering
Emergency Service
Accounting
Dorothy McCarty
Dorothy McCarg
Dorothy McCarty
Dorothy McCarty
13 Were any water systems acquired during the year or any additions/deletions made
to the service area during the year? no
lf yes, attach a list with names, addresses & descriptions. Explain any services
provided to the utility.
14 Wrere are the Company's books and records kept?
Street Address 455 Constitution Way
City Idaho Falls
State Idaho
Dorothy McCarty
McCarty
Phone No.
208-521-2369
208-521-2369
208-52t-2369
208-521-2369
208-s2t-2369
208-52t-2369
208-521-2369
Rev 3/02
zip 83402
Page 1
NAME: Island Park Water Company, INC
COMPANY INFORMATION (Cont.)
For the yssl En6s6 2020
15 ls the system operated or maintained under a
service contract? NO
16 lf yes: \Mth whom is the contract?
\A/hen does the contract expire?
\Mat services and rates are included?
17 ls water purchased for resale through the system?
18 lf 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
ldaho Division of Environmental Quality?
lf yes, aftach full explanation
20 Has the ldaho Division of Environmental Quality
recommended any improvements?
lf yes, attach full explanation
21 Number of Complaints received during year concerning
Quality of Service
High Bills
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?
Aftach a copy of the Summary
24 Did significant additions or retirements from the
Plant Accounts occur during the year?
lf yes, attach full explanation
and an updated system map
NO
Gallons/CCF $Amount
NO
NO
NONE
NONE
NONE
NONE
Feb 2020
NO
Rev 3/02 Page 2
NAM E. Island Park Water Company, INC
REVENUE & EXPENSE DETAIL
For the ygsl 6n6g6 2020
ACCT #DESCRIPTION
1
2
3
4
5
6
7
8
4OO REVENUES
460 Unmetered Water Revenue
461.1 Metered Sales -
461.2 Residential
462 Metered Sales - Commercial, lndustrial
4U Fire Protection Revenue
465 Other Water Sales Revenue
466 lrrigation Sales Revenue
400 Sales for Resale
Total Revenue (Add I ines '1 - 7). DEQ Fees Billed separately to customers
"* Hookup or Connection Fees Collected
***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.
620.7-8 Materials & Supplies - Administrative & General
631-34 Contract Services - Professional
635 Contract Services - Water Testing
636 Contract Services - Other
641-42 Rentals - Property & Equipment
650 Transportation Expense
656-59 lnsurance
660 Advertising
666 Rate Case Expense (Amortization)
667 Regulatory Comm. Exp. (Other except taxes)
670 Bad Debt Expense
675 Miscellaneous
l4 r "861.49
I
10
11
Booked to Acct #
Booked to Acct #
Booked to Acct #
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
20,97 t.86
27,819.54
4,840.32
40,476.00
7 ,435.00
3 7t4.00
9 738.86
I 0,t 64.33
9,632.60
10,857.42
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, Iine 2) ru5-6Ag9j-
Rev 3/02 Page 3
Name: Island Park Water Company, INC
INCOME STATEMENT
Foryear En6"6 2020
ACCT #DESCRIPTION
1
2
3
4
5
6
7
8
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 (list) DEQ Fees
145,649.93
403
406
407
408.1 0
408.11
408.12
350.74
5,955.20
9A 408.13
9B
9C
9D
10 409.10
11 409.11
12 410.10
13 410.11
14 411
15 412
16
17 413
18 414
19
20 415
21 416
22 419
23 420
24 421
25 426
26 408.20
27 409-20
28
29
30 427.3
31 427.5
32
750.00
Federal lncome Taxes
State lncome Taxes
Provision for Deferred lncome Tax - Federal
Provision for Deferred lncome Tax - State
Provision for Deferred Utility lncome Tax Credits
lnvestment Tax Credits - Utility
Total Expenses from operations before interest (add lines 2-15)
lncome From Utility Plant Leased to Others
Gains (Losses) From Disposition of Utility Plant
Net Operating lncome (Add lines 1, 17 &18less line 16)
Revenues, Merchandizing Jobbing and Contract Work
Expenses, Merchandizing, Jobbing & Contracts
lnterest & Dividend lncome
Allowance for Funds used During Construction
Miscellaneous Non-Utility lncome
Miscellaneous Non-Utility Expense
Other Taxes, Non-Utility Operations
lncome Taxes, Non-Utility Operations
Net Non-Utility lncome (Add lines 20,22,23 & 24 less \ines21,25,26, &27)
Gross lncome (add lines 19 & 28)
lnterest Exp. on Long-Term Debt
Other lnterest Charges
NET INCOME (Line 29 less lines 30 & 31) (Also Enter on Pg 9, Line 2)
Rev 3/02 Page 4
119,!11,3Q_
Name:Island Park Water Company, INC
ACCOUNT 101 PLANT IN SERVICE DETAIL
ForYear Ended 2020 2020
#ACCT
SUB
301
302
303
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
u1
u2
343
u4
345
u6
u7
348
Balance
Beginning
of Year
47,943.24
9,733.75
6,288.36
16,525.59
137 ,231.43
Added
During
Year
Removed
During
Year
Balance
End of
Year
1
2
3
4
5
6
7
8
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
DESCRIPTION
Organization
Franchises and Consents
Land & Land Rights
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wdls
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation Equipment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backfl ow Prevention Devices
Other Plant & Misc. Equipment
Offlce Fumiture 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
(Add lines 1-28)
47,943.24
9,733.75
6,288.36
16,525.59
137,231.43
Enter beginning & end of year totals on Pg 7, Line 1
56,
Rev 3/02 Page 5
Name:Island Park Water, INC
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For year 6n6g6 2020
SUB
ACCT#
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
Depreciation
Rate
%
30,658.99
25,407.15
9,733.75
6,665.03
'72,464.93
Balance
Beginning
of Year
Balance
End of
Year
lncrease
or
1
2
3
4
5
o
7
8
o
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
DESCRIPTION
Structures and lmprovements
Collecting & lmpounding Reservoirs
Lake, River & Other lntakes
Wells
lnfiltration Galleries & Tunnels
Supply Mains
Power Generation EquiPment
Power Pumping Equipment
Purification Systems
Distribution Reservoirs & Standpipes
Trans. & Distrib. Mains & Accessories
Services
Meters and Meter lnstallations
Hydrants
Backfl ow 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
TOTALS (Add Lines 1 - 25)
2,450.40
2,241.50
767.71
5,459.61
Enter beginning & end of year totals on Pg 7, Line 7
33, r 09.39
27,648.75
9,733.75
7,432.74
72,924.63
Rev 3/02 Page 6
Name: Island Park W INC.
BALANCE SHEET
1
2
3
4
5
6
7
I
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
ACCT #
102
103
105
114
1 08.1
108.2
108.3
110.1
110.2
115
123
125
For Year Ended 2021
ASSETS
DESCRIPTION
Utility Plant in Service (From Pg 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)
lnvestment in Subsidiaries
Other lnvestments
Total lnvestments (Add lines 14 & 15)
Cash
Short Term lnvestments
Accts/Notes Receivable - Customers
Other Receivables
Receivables from Associated Companies
Materials & Supplies lnventory
Prepaid Expenses
Unbilled (Accrued) Utility Revenue
Provision for Uncollectable Accounts
Total Current (Add lines 17 -24less line 25)
Unamortized Debt Discount & Expense
Preliminary Survey & lnvestigation Charges
Deferred Rate Case ExPenses
Other Deferred Charges
TotalAssets (Add lines 13, 16 & 26 - 30)
Balance
Beginning
of Year
137 1.42
137
(72,464.93)
s4,766.50
10,000
44,907189
r 0,000.00
8,462.00
63,270.09
Balance
End of
Year
lncrease
or
(s,4s9.70)
(9.727.|)
(7,922.20)
(17,648.31)
131
135
141
142
145
151
162
'173
143
181
183
1U
186
137 ,231.45
137,231.42
(77,924.63)
49,306.80
10,000
35,180.78
10,000.00
540.00
45,720.78
Rev 3/02 Page 7
Name:Island Park Water, INC.
LIAB!LITIES & CAPITAL
DESCRIPTION
Common Stock
Preferred Stock
Miscellaneous Capital Accounts
Appropriated Retained Earnings
Unappropriated Retained Earnings
Reacquired Capital Stock
Proprietary Capital
Total Equity Capital (Add Lines 1-5+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 lncome Taxes Payable
Accrued Taxes - Non-Utility
Accrued Debt, lnterest & Dividends Payable
Misc. Current & Accrued Liabilities
Unamortized Debt Premium
Advances for Construction
Other Deferred Liabilities
Accumulated lnvestment Tax Credits - Utility
Accum. lnvestment Tax Credits - Non-Utility
Operating Reserves
Contributions in Aid of Construction
Accum. Amort. of Contrib. in Aid of Const. **
Accumulated Deferred lncome Taxes
Total Liabilities (Add lines 9 - 29
LIAB & CAPITAL (Add lines 8 & 30)
** Only if Commission Approved
BALANCE SHEET
For year En6s6 2020
Balance
Beginning
of Year
(90,763.72)
(90,763.72)
r17,329.57
(s,453.28)
I 98,900.1 3
r 09,139.59
Balance
End of
Year
lncrease
(22,176.64)
or
1 201-3
2 204-6
3 207-13
4 214
5 215
6 216
7 218
8
I 221-2
10 223
11 224
12 231
13 232
14 233
15 235
16 236.11
17 236.12
18 236.2
19 237-40
20 241
21 251
22 252
23 253
24 255.1
25 255.2
26 261-5
27 271
28 272
29 281-3
30
31 TOTAL
ACCT #
87
(|2,940.36)
(1t2,940.36)
lt7 ,329.57
87,024.02
(6,385.65)
197,967.94
85,027.58
Rev 3/02 Page I
tt
Name: Island Park Water, INC.
STATEMENT OF RETAINED EARNINGS
For Year Ended 2o2o
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Cunent Year lncome (From Pg 4, Line 32)
3 Other Credits to Account
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Eamings
6 Retained Eamings Balance @ End of Year
CAPITAL STOCK DETAIL
7 Descriotion (Class. Par Value etc.)
No. Shares
Authorized
Year-end
Balance
No. Shares
lnterest
Paid
Dividends
Paid
lnterest
Accrued
DETAIL OF LONG.TERM DEBT
lnterest
Rate8
Rev 3/02 Page 9
Name:Island Park Water, INC
SYSTEM ENGINEERING DATA
For year gn6s6 2020
1 Provide an updated system map if significant changes have been made to the system during the year
2 Water Supply:
Pum Desi
Valley View # I
Valley View # 2
Shotgun South - Stevens
Shotgun South - Kickapoo
Shotgun South - Cherokee
Shotgun South - Choctaw
ShotgunNorth-#2
Shotgun North - #3
Goose Bay
Aspen fudge
3 System Storage
or location
Rated
Capacity
Total
Capacity
000's
Gal.
Type of
Treatment:
(None, Chlorine
Fluoride
Filter
Usable
Capacity
000's
Gal.
Annual
Production
Type of
Reservoir
(Elevated,Pres-
Water
Supply
Source
(Well, Spring,
SurfaWellce
Well
Well
Well
Well
Well
Well
Well
Well
Well
Construction
(Wood, Steel
Gal.
or Location
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
u
l8 1,632
ll 37
l0 49
75 763
75 93s
75 3,41I
20 289
50 2,027
28 2,022
75 4,092
Rev 3/02 Page 10
l,-
Name: Island Park Water Company, INC.
SYSTEM ENGINEERING DATA
(continued)
For year En6s6 2020
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location
&of
Horse
Power
Rated
Capacity
When ever on site through out the year
Discharge
Pressure
Energy
Used
Th3405is
Valley View # I
Valley 2
Shotgun South - Stevens
Shotgun South - Kickapoo
Shotgun South - Cherokee
Shotgun South - Choctaw
North #2
Shotgun North #3
Aspen Ridge
Goose Bay
**pump curYes u previously or unava
Attach additiona! sheets if inadequate space is available on this page.
lf Wells are metered: NO
\Mat was the total amount pumped this year?
\Mrat was the total amount pumped during peak month?
\Mrat was the total amount pumped on the peak day?
lf customers are metered, what was the total amount sold in peak month?
Was your system designed to supply fire flows?
lf Yes: What is current system rating?
NA
NA
NA
NA
5
NA
NA
NA
NA
added this year.
NA
NA
NO
NA
6
7
8
o
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?
lf Yes, attach an explanation of projects and anticipated costs!
11 ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
NA
NA
NO
3 l8 65
I il 65
314 l0 65
5 75 65
5 75 65
5 76 65
1.5 20 66
5 50 65
2.5 25 65
28 65
Rev 3/02 Page 11
NA
(r
Name: Island Park Water Company, INC
Pipe
Size
l*
t%
I U2*
2u
2 Yn"
4 -6*
2 Metered:NONE
2A Residential
28 Commercial
2C lndustrial
3 Flat Rate:
3A Residential
38 Commercial
3C lndustrial
SYSTEM ENGINEERING DATA
(continued)
For year En6s6 2020
FEET OF MAINS
ln Use
Beginning
OfYear
1240'
2480',
4,100'
9,690',
2,640',
6,020'
7,750',
CUSTOMER STATISTICS
This
Year
No metered
customerc
4t0
lnstalled
During
Year
Year
Abandoned
During
Year
ln Use
End of
Year
Last
Year
Last
t240'
2480',
4,100'
9,690',
3,640',
7,750'
NA
4
5
6
7
8
Private Fire Protection
Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
NONE NONE
This
Year
No Metered Cust.NA
393
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
a.
CERT!FICATE
State of ldaho
CountV 91 Bonneville
)
)
)
SS
I,the Dorothy McCarty, President (*owner) President and Secretary
of Island Park Water , NC>
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 corect 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
this_2l day November 2022
PUBLIC
My Commission Expires
(Chief Officer)/st-
(Officer Charge of
\.\OTARP(Da<I)
PueLtG
to
OF
R
Rev 3/02
brr / (*^
Page 13
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