2021Annual Report.pdf

.,TL9 b Ln
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 2021
.- H_1 h-)
hfi *. 7r
'-a*W#i-Iif;. <. I r
i;)i:. N) ( )nl. ao ErE4m
*'.,; a
(n
C)@
L
,,
AIY]Y(IAL REPORT
OF
ISLAND PARK WATER COMPANY
NAME
455 Constituition Way
IDAHO FALLS, IDAHO 83402
ADDRESS
TO THE
IDAHO PUBLIC
UTILITIES GOMMISSION
FOR THE
4H
-= rai-.':, 7., fr
l:::r,1 Z' q
"'j..?-" N) t ,:rl to trrai*mTrPO6c: \9tJttJ.c)coZ
YEAR ENDED 2021
ANNUAL REPORT FOR WATER UTILITIES TO
THE IDAHO PUBLIC UTILITIES COMMISSION
FOR THE YEAR ENDING 2O2I
COMPANY INFORMATION
Island Paark Water Company, Inc.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
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
General Manager
Complaints or Billing
Engineering
Emergency Service
Accounting
Dorothy McCafi
Dorothy McCarty
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 \A/here are the Company's books and records kept?
Street Address
City
State
zip
455 Constitution Way
Dorothy McCarty
Dorothy McCarty
Phone No.
208-521-2369
208-s2t-2369
208-52t-2369
208-521-2369
208-521-2369
208-521-2369
208-521-2369
Idaho Falls
Idaho
Rev 3/02
83402
Page 1
NAME: Island Park Water Company, INC
COMPANY INFORMATION (Gont.)
For the lmp f6dsd 2021
15 ls the system operated or maintained under a
service contract? NO
16 If yes: \Mth whom is the contract?
\Mren does the contract expire?
\Mrat 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, attach full explanation
20 Has the ldaho Division of Environmental Quality
recommended any improvements?
!f yes, aftach 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?
Attach 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
Feb2020
NO
Rev 3/02 Page 2
NAME: Island Park Water Company, INC
REVENUE & EXPENSE DETAIL
For the fgsr f6fl6d 2021
ACCT #DESCRIPTION
1
2
3
4
5
6
7
I
( 19,606.00)
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.'l-6 Materials & Supplies - Operation & Maint.58,323.75
620.7-8 Materials & Supplies - Administrative & General 20,184.94
. 4OO REVENUES
460 Unmetered Water Revenue -
461.1 MMS Loan 2022
461.2 Metered Sales - Commercial, lndustrial
462 Fire Protection Revenue
464 Other Water Sales Revenue
465 lrrigation Sales Revenue
466 Sales for Resale
400 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
*"*Commission Approved Surcharges Collected
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
fi1,02t.94
369.95
21,06t.67
12, I 35.00
6,700.00
13,606.00
t3,563.14
5,533.43
Booked to Acct #
Booked to Acct *
Booked to Acct #
I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
3'1
32
33
ll 38.22
Total Operating Expenses (Add lines 12 - 32, also enter on Pg 4, Iine 2)
Rev 3/02 Page 3
143,2r0.t0
Name:Island Park Water Company, INC
INCOME STATEMENT
For year 966s6 2021
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
143,2 10.10
403
406
407
408.1 0
408.11
408.12
282.12
4,219.04
9A 408.13
9B
9C
9D
10 409.10
11 409.1 1
12 410.10
13 410.11
14 411
15 412
16
17 413
18 414
19
20 415
21 416
22 419
23 42A
24 421
25 426
26 408.20
27 409-20
28
29
30 427.3
31 427.5
32
2s0.00
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 & 24less \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
12,3ll1j,-
Name: Island Park Water Company, INC
ACGOUNT 101 PLANT IN SERVICE DETAIL
ForYear Ended 2021
SUB
Balance
Beginning
of Year
56,740.49
47,943.24
9,733.7s
6,288.36
16,525.59
137 ,231.43
Added
During
Year
Removed
During
Year
Balance
End of
Year#ACCT DESCRIPTION
Organization
Franchises and Consents
Land & Land Rights
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
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
(Add lines 1-28)
56,740.40
47,943.24
9,733.75
6,288.36
16,52s.59
137,231 .43
Enter beginning & end of year totals on Pg 7, Line 1
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
301
302
303
3M
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
u1
u2
u3
u4
345
346
u7
348
Rev 3/02 Page 5
Name: Island Park Water, INC
ACCUMULATED DEPRECIATION ACCOUNT 108.1 DETAIL
For year 6n6g6 2021
SUB
ACCT#
304
305
306
307
308
309
310
311
320
330
331
333
334
335
336
339
340
341
u2
343
344
345
346
347
348
Depreciation
Rate
o/o
30,658.99
2s,407.1s
9,733.75
6,665.03
72,464.93
Balance
Beginning
ofYear
Balance
End of
Year
lncrease
or
I
2
3
4
5
6
7
8
9
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
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
TOTALS (Add Lines 1 - 25)
2,450.40
2,241.50
767.71
5,459.61
Enter beginning & end of year totals on 7 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 Water INC.
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
Total Assets (Add lines 13, 16 & 26 - 30)
BALANCE SHEET
Foryear 966s6 2021
Balance
Beginning
of Year
137 ,231.42
137,231142
(72,464.93)
54,766.50
10,000
44,907189
r 0,000.00
8,462.00
63,270.09
Balance
End of
Year
lncrease
(5,459.
(s,4s9.70)
(9.727.11)
(7,922.20)
(17,648.3 l )
or
1
2
3
4
5
6
7
I
I
ACCT #
102
103
105
114
108.'1
108.2
108.3
110.1
110.2
1't5
123
125
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
131
135
141
142
145
151
162
173
143
181
183
'tu
186
137,231.45
137,231.42
(77,924.63)
49,306.80
r0,000
35, I 80.78
10,000.00
540.00
45,720.78
Rev 3/02 Page 7
Name: Island Park Water, INC.
LIABILITIES & 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 2021
Balance
Beginning
ofYear
(90,763.72\
(90,763.72)
117,329.57
87,024.02
(5,453.28)
I 98,900. I 3
109,139.59
Balance
End of
Year
Increase
(22,176.64)
or
ACCT #
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
(l 12,940.36)
(112,940.36)
117,329.57
87,024.02
(6,38s.65)
197,967 .94
85,027.58
Rev 3/02 Page 8
Name:Island Park Water, INC.
STATEMENT OF RETAINED EARNINGS
For Year Ended 2021
1 Retained Earnings Balance @ Beginning of Year
2 Amount Added from Current Year lncome (From Pg 4, Line 32)
3 Other Credits to Account lnterest lncome
4 Dividends Paid or Appropriated
5 Other Distributions of Retained Eamings
6 Retained Earnings Balance @ End of Year
CAPITAL STOCK DETAIL
7 Description (Class. Par Value etc.)
DETAIL OF LONG.TERM DEBT
lnterest
Rate8
No. Shares
Authorized
Year-end
Balance
(9,375.16)
7,958. l6
No. Shares
lnterest
Paid
Dividends
Paid
lnterest
Accrued
Rev 3/02 Page 9
Name: Island Park Water, INC.
SYSTEM ENGINEERING DATA
For year gn666 2021
1 Provide an updated system map if significant changes have been made to the system during the year
2 Water Supply
nation 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
Well
Construction
(Wood, Steel
Gal
Valley View
Valley View # 2
Shotgun South - Stevens
Shotgun South - Kickapoo
Shotgun South - Cherokee
Shotgun South - Choctaw
ShotgunNorth-#2
Shotgun North - #3
Goose Bay
Aspen Ridge
3 System Storage:
or Location
(Duplicate form and attach if necessary. Asterisk facilities added this year.)
u
t8 1,632
ll 37
l0 49
75 763
75 935
75 3,41 I
20 289
50 2,027
28 2,022
75 4,092
Rev 3/02 Page 10
Name: Island Park Water Company, INC.
SYSTEM ENGINEERING DATA
(continued)
For Year Ended 2021
4 Pump information for ALL system pumps, including wells and boosters.
Designation or Location Horse
Rated
Capacity
Discharge
Pressure
Energy
Used
Th3405is&of Power
View # I
Valley View # 2
Shotgun South - Stevens
Shotgun South -
Shotgun South - Cherokee
Shotgun South - Choctaw
Shotgun North #2
Shotgun North #3
Aspen Ridge
Goose Bay
** Su pump curues unless previously provided or unava
5
Attach additional sheets if inadequate space is available on this page.
lf Wells are metered: NO
\Mrat was the total amount pumped this year?
\A/hat was the total amount pumped during peak month?
\Mat 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?
8 How many times were meters read this year?
During which months?When ever on site through out the year
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?
lf Yes, attach an explanation of projects and anticipated costst
11 ln what year do you anticipate that the system capacity (supply, storage or distribution)
will have to be expanded?
NA
NA
NA
NA
added this year.
NA
NA
NO
NA
NA
NA
NA
NA
6
7
NA
NA
NO
3 l8 65
t II 65
3/4 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
Name: Island Park Water Company, INC
Size
I Yl"
1l/2"
2"
2 Y,"
J
4 -6"
Metered:NONE
Residential
Commercial
lndustrial
SYSTEM ENGINEERING DATA
(continued)
For year En6s6 2021
FEET OF MAINS
ln Use
Beginning
Of Year
2480',
4, I 00'
9,690',
2,640',
6,020'
7,'750',
CUSTOMER STATISTICS
This
Year
No metered
customers
416
Pipe
lnstalled
During
Year
Last
Year
Abandoned
During
Year
This
Year
ln Use
End of
Year
Last
Year
7
1240'
2480',
4,100'
9,690',
NA2
2A
28
2C
3 Flat Rate:
3A Residential
38 Commercial
3C lndustrial
4 Private Fire Protection
5 Public Fire Protection
Street Sprinkling
Municipal, Other
Other Water Utilities
6
7
I
NONE NONE
No Metered Cust.NA
410
Rev 3/02
TOTALS (Add lines 2 through 8)
Page 12
CERTIFICATE
State of ldaho
COunfu 9; Bonneville
)
)
)
SS
t,the Dorothy , President (*owner) President and Secretary
of Island Park Water Company, INC>
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.
(offi of
Subscribed and Sworn to Before Me
this_2I_day November 2022
$OrARr
R
(Da<D
Pugttc
to.PUBLIC
My Commission Expires -y'cz/e,.rbcr /K/" ZdZ j
Rev 3/02 Page 13
gdldexcel4nelson/anu lrptsrlytrannualrF