WATER, ELECTRIC, OR JOINT UTILITY ANNUAL REPORT

Transcription

1 UTILITY NO Class AB WATER, ELECTRIC, OR JOINT UTILITY ANNUAL REPORT OF LITTLE CHUTE MUNICIPAL WATER DEPT 108 W MAIN ST LITTLE CHUTE, WI For the Year Ended: DECEMBER 31, 2016 TO PUBLIC SERVICE COMMISSION OF WISCONSIN P.O. Box 7854 Madison, WI (608) This form is required under Wis. Stat Failure to file the form by the statutory filing date can result in the imposition of a penalty under Wis. Stat The penalty which can be imposed by this section of the statutes is a forfeiture of not less than $25 nor more than $5,000 for each violation. Each day subsequent to the filing date constitutes a separate and distinct violation. The filed form is available to the public and personally identifiable information may be used for purposes other than those related to public utility regulation. I TERESA MATHENY, FINANCE DIRECTOR of LITTLE CHUTE MUNICIPAL WATER DEPT, certify that I am the person responsible for accounts; that I have examined the following report and, to the best of my knowledge, information and belief, it is 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 set forth therein. Date Signed: 6/5/2017 Date Printed: 6/5/2017 6:00:02 PM

2 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule iii Table of Contents Schedule Name Page INTRODUCTORY SECTION Signature Page Identification and Ownership - Contacts Identification and Ownership - Governing Authority and Audit Information Identification and Ownership - Contract Operations ii iv v vi FINANCIAL SECTION Income Statement F-01 Income Statement Account Details F-02 Income from Merchandising, Jobbing & Contract Work (Accts ) F-03 Revenues Subject to Wisconsin Remainder Assessment F-04 Distribution of Total Payroll F-05 Full-Time Employees (FTE) F-06 Balance Sheet F-07 Net Utility Plant F-08 Accumulated Provision for Depreciation of Utility Plant on Utility Plant Financed by Utility Operations or by the Municipality (Acct ) Accumulated Provision for Depreciation of Utility Plant on Contributed Plant in Service (Acct ) F-10 Net Nonutility Property (Accts. 121 & 122) F-11 Accumulated Provision for Uncollectible Accounts-Cr. (Acct. 144) F-12 Materials and Supplies F-13 Unamortized Debt Discount & Expense & Premium on Debt (Accts. 181 and 251) F-14 Capital Paid in by Municipality (Acct. 200) F-15 Bonds (Acct. 221) F-17 Notes Payable & Miscellaneous Long-Term Debt F-18 Taxes Accrued (Acct. 236) F-19 Interest Accrued (Acct. 237) F-20 Balance Sheet Detail - Other Accounts F-22 Return on Rate Base Computation F-23 Regulatory Liability - Pre-2003 Historical Accumulated Depreciation on Contributed Utility Plant (253) F-25 Important Changes During the Year F-26 WATER SECTION Water Operating Revenues & Expenses W-01 Water Operating Revenues - Sales of Water W-02 Sales for Resale (Acct. 466) W-03 Other Operating Revenues (Water) W-04 Water Operation & Maintenance Expenses W-05 Taxes (Acct Water) W-06 Water Property Tax Equivalent - Detail W-07 Water Utility Plant in Service - Plant Financed by Utility or Municipality W-08 Water Utility Plant in Service - Plant Financed by Contributions W-09 Water Accumulated Provision for Depreciation - Plant Financed by Utility or Municipality W-10 Water Accumulated Provision for Depreciation - Plant Financed by Contributions W-12 Age of Water Mains W-13 Sources of Water Supply - Statistics W-14 F-09 Date Printed: 6/5/2017 6:00:03 PM

3 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule iii Table of Contents WATER SECTION Water Audit and Other Statistics W-15 Sources of Water Supply - Well Information W-16 Sources of Water Supply - Intake Information W-17 Pumping & Power Equipment W-18 Reservoirs, Standpipes and Elevated Tanks W-19 Water Treatment Plant W-20 Water Mains W-21 Water Service Laterals W-22 Meters W-23 Hydrants and Distribution System Valves W-25 List of All Station and Wholesale Meters W-26 Water Conservation Programs W-27 Water Customers Served W-28 Date Printed: 6/5/2017 6:00:03 PM

4 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule iv Identification and Ownership - Contacts Utility employee in charge of correspondence concerning this report Name: TERESA MATHENY Title: FINANCE DIRECTOR Mailing Address: 108 W MAIN STREET LITTLE CHUTE, WI Phone: (920) Address: teri@littlechutewi.org Accounting firm or consultant preparing this report (if applicable) Name: Title: Mailing Address: Phone: Address: Name and title of utility General Manager (or equivalent) Name: JEFF ELRICK Title: PUBLIC WORKS DIRECTOR Mailing Address: 108 W MAIN STREET LITTLE CHUTE, WI Phone: (920) Address: jeff@littlechutewi.org President, chairman, or head of utility commission/board or committee Name: KEVIN COFFEY Title: UTILITY COMMISSION CHAIRPERSON Mailing Address: 108 W MAIN STREET LITTLE CHUTE, WI Phone: (920) Address: kcoffey238@gmail.com Date Printed: 6/5/2017 6:00:03 PM

5 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule v Identification and Ownership - Governing Authority and Audit Information Utility Governing Authority Select the governing authority for this utility. _x_reports to utility board/commission Reports directly to city/village council Audit Information Are utility records audited by individulas or firms other than utility employees? _x_yes No Date of most recent audit report: 11/28/2016 Period covered by most recent audit: 1/1/ /31/2015 Individual or firm, if other than utility employee, auditing utility records Name: JOSEPH GALAROWICZ, CPA Title: SHAREHOLDER Organization Name: KERBERROSE SC USPS Address: 4211 N LIGHTNING DRIVE City State Zip APPLETON, WI Telephone: (920) Address: joseph.galarowicz@kerberrose.com Date Printed: 6/5/2017 6:00:03 PM

6 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule vi Identification and Ownership - Contract Operations Do you have any contracts? Are any the utility administrative or operational functions under contract or agreement with an outside provider for the year covered by this annual report and/or current year (i.e., operation of water or sewer treatment plant)? YES Contract Type Organization Contact Name Operations MIDWEST CONTRACT OPERATIONS JERRY VERSTEGEN * 1 Date Printed: 6/5/2017 6:00:04 PM

7 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule vi Identification and Ownership - Contract Operations Identification and Ownership - Contract Operations (Page vi) General Footnote CONTRACT PERIOD : 1/1/ /31/2019 PROVIDE MANAGEMENT, SUPERVISION AND CERTIFIED PERSONNEL NECESSARY TO CONDUCT THE OPERATIONS AND MAINTENANCE OF THE WATER SYSTEM. THE CONTRACT IS FOR A FIVE YEAR PERIOD ENDING 12/31/2019. Date Printed: 6/5/2017 6:00:04 PM

8 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-01 Income Statement Particulars This Year Last Year UTILITY OPERATING INCOME 1 Operating Revenues (400) 2,253,389 2,146,081 2 Operating Expenses: Operation and Maintenance Expense ( ) 1,100,088 1,047, Depreciation Expense (403) 308, , Amortization Expense ( ) Taxes (408) 216, ,386 7 Total Operating Expenses 1,624,584 1,595,534 8 Net Operating Income 628, , Income from Utility Plant Leased to Others ( ) 10 Utility Operating Income 628, , OTHER INCOME Income from Merchandising, Jobbing and Contract Work ( ) Income from Nonutility Operations (417) Nonoperating Rental Income (418) Interest and Dividend Income (419) 12,703 10, Miscellaneous Nonoperating Income (421) 151, , Total Other Income 164, , Total Income 792, , MISCELLANEOUS INCOME DEDUCTIONS Miscellaneous Amortization (425) (31,400) (31,400) Other Income Deductions (426) 81,353 75, Total Miscellaneous Income Deductions 49,953 44, Income Before Interest Charges 742, , INTEREST CHARGES Interest on Long-Term Debt (427) 50,859 75, Amortization of Debt Discount and Expense (428) 1,390 1, Amortization of Premium on Debt--Cr. (429) 3, Interest on Debt to Municipality (430) 32,068 35, Other Interest Expense (431) Interest Charged to Construction--Cr. (432) 31 Total Interest Charges 80, , Net Income 662, , EARNED SURPLUS Unappropriated Earned Surplus (Beginning of Year) (216) 8,884,385 8,096, Balance Transferred from Income (433) 662, , Miscellaneous Credits to Surplus (434) 19,805 2, Miscellaneous Debits to Surplus--Debit (435) Appropriations of Surplus--Debit (436) Appropriations of Income to Municipal Funds--Debit (439) 40 Total Unappropriated Earned Surplus End of Year (216) 9,566,396 8,884, Date Printed: 6/5/2017 6:00:04 PM

9 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-02 Income Statement Account Details Report each item (when individually or when like items are combined) greater than $10,000 (class AB), $5,000 (class C) and $2,000 (class D) and all other lesser amounts grouped as Miscellaneous. Describe fully using other than account titles. Nonregulated sewer income should be reported as Miscellaneous Nonoperating Income, Account 421. Description Earnings (216.1) Contributions (216.2) Total This Year UTILITY OPERATING INCOME Operating Revenues (400) Derived 2,253,389 2,253,389 3 Total (Acct. 400) 2,253, ,253,389 4 Operation and Maintenance Expense ( ) Derived 1,100,088 1,100,088 6 Total (Acct ) 1,100, ,100,088 7 Depreciation Expense (403) Derived 308, ,053 9 Total (Acct. 403) 308, , Amortization Expense ( ) Derived Total (Acct ) Taxes (408) Derived 216, , Total (Acct. 408) 216, , TOTAL UTILITY OPERATING INCOME 628, , OTHER INCOME Income from Merchandising, Jobbing and Contract Work ( ) Derived Total (Acct ) Interest and Dividend Income (419) INTEREST ON SPECIAL ASSESSMENTS & OPERATING ACCOUNTS 12,703 12, Total (Acct. 419) 12, , Miscellaneous Nonoperating Income (421) Contributed Plant - Water 151, , Impact Fees - Water Total (Acct. 421) 0 151, , TOTAL OTHER INCOME 12, , , MISCELLANEOUS INCOME DEDUCTIONS Miscellaneous Amortization (425) Regulatory Liability (253) Amortization (31,400) (31,400) 32 Total (Acct. 425) (31,400) 0 (31,400) 33 Other Income Deductions (426) Depreciation Expense on Contributed Plant - Water 81,353 81, Total (Acct. 426) 0 81,353 81, TOTAL MISCELLANEOUS INCOME DEDUCTIONS (31,400) 81,353 49, INTEREST CHARGES Interest on Long-Term Debt (427) Derived 50,859 50, Date Printed: 6/5/2017 6:00:05 PM

10 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule F-02 Income Statement Account Details Report each item (when individually or when like items are combined) greater than $10,000 (class AB), $5,000 (class C) and $2,000 (class D) and all other lesser amounts grouped as Miscellaneous. Describe fully using other than account titles. Nonregulated sewer income should be reported as Miscellaneous Nonoperating Income, Account 421. Description Earnings (216.1) Contributions (216.2) Total This Year Total (Acct. 427) 50, , Amortization of Debt Discount and Expense (428) GO PROMISSORY NOTES 1,230 1, GO PROMISSORY NOTES Total (Acct. 428) 1, , Amortization of Premium on Debt--Cr. (429) A Revenue Bonds 3,592 3, Total (Acct. 429) 3, , Interest on Debt to Municipality (430) Derived 32,068 32, Total (Acct. 430) 32, , Other Interest Expense (431) Derived Total (Acct. 431) TOTAL INTEREST CHARGES 80, , NET INCOME 592,183 70, , EARNED SURPLUS Unappropriated Earned Surplus (Beginning of Year) (216) Derived 5,222,499 3,661,886 8,884, Total (Acct. 216) 5,222,499 3,661,886 8,884, Balance Transferred from Income (433) Derived 592,183 70, , Total (Acct. 433) 592,183 70, , Miscellaneous Credits to Surplus (434) AUDIT ADJUSTMENT 19,805 19, Total (Acct. 434) 19, , UNAPPROPRIATED EARNED SURPLUS (END OF YEAR) 5,834,487 3,731,909 9,566, Date Printed: 6/5/2017 6:00:05 PM

11 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-03 Income from Merchandising, Jobbing & Contract Work (Accts ) Particulars Water Electric Revenues Revenues (account 415) Cost and Expenses of Merchandising, 3 Jobbing and Contract Work (416) --- Cost of merchandise sold Payroll Materials Taxes Total costs and expenses Net Income (or loss) Gas Sewer (e) Total (f) Date Printed: 6/5/2017 6:00:05 PM

12 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-04 Revenues Subject to Wisconsin Remainder Assessment Report data necessary to calculate revenue subject to Wisconsin remainder assessment pursuant to Wis. Stat (2) and Wis. Admin. Code Ch. PSC 5. If the sewer department is not regulated by the PSC, do not report sewer department in data column. Description Water Utility Electric Utility Gas Utility Sewer Utility (Regulated Only (e) Total operating revenues 2,253,389 2,253,389 1 Less: interdepartmental sales Less: interdepartmental rents Less: return on net investment in meters charged to regulated sewer department. (Do not report if nonregulated sewer.) Less: uncollectibles directly expensed as reported in water acct. 904 (690 class D), sewer acct. 843, and electric acct or- Net write-offs when Accumulated Provision for Uncollectible Accounts (acct. 144) is maintained Revenues subject to Wisconsin Remainder Assessment Total (f) ,253, ,253,389 6 Date Printed: 6/5/2017 6:00:06 PM

13 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-05 Distribution of Total Payroll Amounts charged to Utility Financed and to Contributed Plant accounts should be combined and reported in plant or accumulated depreciation accounts. Amount originally charged to clearing accounts as shown in column should be shown as finally distributed in column. The amount for clearing accounts in column is entered as a negative for account "Clearing Accounts" and the distributions to accounts on all other lines in column will be positive with the total of column being zero. Provide additional information in the schedule footnotes when necessary. Accounts Charged Direct Payroll Distribution Allocation of Amounts Charged Clearing Accts. Water operating expenses 547, ,418 1 Electric operating expenses 0 2 Gas operating expenses 0 3 Heating operating expenses Sewer operating expenses 0 5 Merchandising and jobbing Other nonutility expenses Water utility plant accounts Electric utility plant accounts 0 9 Gas utility plant accounts 0 10 Heating utility plant accounts Sewer utility plant accounts 0 12 Accum. prov. for depreciation of water plant Accum. prov. for depreciation of electric plant 0 14 Accum. prov. for depreciation of gas plant 0 15 Accum. prov. for depreciation of heating plant Accum. prov. for depreciation of sewer plant 0 17 Clearing accounts All other accounts Total Payroll 547, , Total Date Printed: 6/5/2017 6:00:06 PM

14 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-06 Full-Time Employees (FTE) Use FTE numbers where FTE stands for Full-Time Employees or Full-Time Equivalency. FTE can be computed by using total hours worked/2080 hours for a fiscal year. Estimate to the nearest hundredth. If an employee works part time for more than one industry then determine FTE based on estimate of hours worked per industry. Example: An employee worked 35% of their time on electric jobs, 30% on water jobs, 20% on sewer jobs and 15% on municipal nonutility jobs. The FTE by industry would be.35 for electric,.30 for water and.20 for sewer. Industry FTE Water Electric 2 Gas 3 Sewer 4 Date Printed: 6/5/2017 6:00:07 PM

15 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-07 Balance Sheet Assets and Othe Debits Balance End of Year Balance First of Year ASSESTS AND OTHER DEBITS 1 UTILITY PLANT Utility Plant (101) 19,314,899 18,789, Less: Accumulated Provision for Depreciation and Amortization of Utility Plant (111) 6,141,916 5,837, Utility Plant Acquisition Adjustments ( ) Other Utility Plant Adjustments (119) Net Utility Plant 13,172,983 12,951,843 7 OTHER PROPERTY AND INVESTMENTS Nonutility Property (121) Less: Accumulated Provision for Depreciation and Amortization of Nonutility Property (122) Investment in Municipality (123) Other Investments (124) Sinking Funds (125) 377, , Depreciation Fund (126) 100, , Other Special Funds (128) Total Other Property and Investments 477, , CURRENT AND ACCRUED ASSETS Cash (131) 61, , Special Deposits (134) Working Funds (135) Temporary Cash Investments (136) Notes Receivable (141) Customer Accounts Receivable (142) 225, , Other Accounts Receivable (143) 5,759 3, Accumulated Provision for Uncollectible Accounts- -Cr. (144) Receivables from Municipality (145) 48,813 77, Plant Materials and Operating Supplies (154) 55,217 51, Merchandise (155) Other Materials and Supplies (156) Stores Expense (163) Prepayments (165) Interest and Dividends Receivable (171) 2,015 1, Accrued Utility Revenues (173) Miscellaneous Current and Accrued Assets (174) 35,268 25, Total Current and Accrued Assets 434, , DEFERRED DEBITS Unamortized Debt Discount and Expense (181) 6,091 7, Extraordinary Property Losses (182) Preliminary Survey and Investigation Charges (183) Clearing Accounts (184) Temporary Facilities (185) Miscellaneous Deferred Debits (186) 441, , Total Deferred Debits 447, , TOTAL ASSETS AND OTHER DEBITS 14,531,774 14,466, Date Printed: 6/5/2017 6:00:07 PM

16 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule F-07 Balance Sheet Liabilities and Othe Credits Balance End of Year Balance First of Year LIABILITIES AND OTHER CREDITS 1 PROPRIETARY CAPITAL Capital Paid in by Municipality (200) 1,179,557 1,179, Appropriated Earned Surplus (215) Unappropriated Earned Surplus (216) 9,566,396 8,884,385 5 Total Proprietary Capital 10,745,953 10,063,942 6 LONG-TERM DEBT Bonds (221) 1,495,000 1,840, Advances from Municipality (223) 1,557,997 1,860, Other Long-Term Debt (224) Total Long-Term Debt 3,052,997 3,700, CURRENT AND ACCRUED LIABILITIES Notes Payable (231) Accounts Payable (232) 57,663 27, Payables to Municipality (233) 171, , Customer Deposits (235) Taxes Accrued (236) 216, , Interest Accrued (237) 22,033 36, Tax Collections Payable (241) Miscellaneous Current and Accrued Liabilities (242) 10, Total Current and Accrued Liabilities 477, , DEFERRED CREDITS Unamortized Premium on Debt (251) 15, Customer Advances for Construction (252) Other Deferred Credits (253) 239, , Total Deferred Credits 255, , OPERATING RESERVES Property Insurance Reserve (261) Injuries and Damages Reserve (262) Pensions and Benefits Reserve (263) Miscellaneous Operating Reserves (265) Total Operating Reserves TOTAL LIABILITIES AND OTHER CREDITS 14,531,779 14,466, Date Printed: 6/5/2017 6:00:07 PM

17 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-08 Net Utility Plant Report utility plant accounts and related accumulated provisions for depreciation and amortization after allocation of common plant accounts and related provisions for depreciation and amortization to utility departments as of December 31. Particulars Water Electric Gas Sewer (e) First of Year Total Utility Plant - First of Year 18,789, ,789, Plant Accounts Utility Plant in Service - Financed by Utility Operations or by the Municipality 13,973,260 5 (101.1) --- Utility Plant in Service - Contributed Plant (101.2) 5,222, Utility Plant Purchased or Sold (102) Utility Plant Leased to Others (104) Property Held for Future Use (105) Completed Construction not Classified (106) Construction Work in Progress (107) 119, Total Utility Plant 19,314, Accumulated Provision for Depreciation and Amortization Accumulated Provision for Depreciation of Utility Plant in Service - Financed by 5,324, Utility Operations or by the Municipality (111.1) --- Accumulated Provision for Depreciation of Utility Plant in Service - Contributed 817, Plant (111.2) --- Accumulated Provision for Depreciation of Utility Plant Leased to Others (112) Accumulated Provision for Depreciation of Property Held for Future Use (113) Accumulated Provision for Amortization of Utility Plant in Service (114) Accumulated Provision for Amortization of Utility Plant Leased to Others (115) Accumulated Provision for Amortization of Property Held for Future Use (116) 0 20 Total Accumulated Provision 6,141, Accumulated Provision for Depreciation and Amortization Utility Plant Acquisition Adjustments (117) Accumulated Provision for Amortization of Utility Plant Acquisition Adjustments 24 (118) --- Other Utility Plant Adjustments (119) 25 Total Other Utility Plant Accounts Net Utility Plant 13,172, Date Printed: 6/5/2017 6:00:07 PM

18 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-09 Accumulated Provision for Depreciation of Utility Plant on Utility Plant Financed by Utility Operations or by the Municipality (Acct ) Depreciation Accruals (Credits) during the year (111.1): Report the amounts charged in the operating sections to Depreciation Expense (403). If sewer operations are nonregulated, do not report sewer depreciation on this schedule. Report the Depreciation Expense on Meters charged to sewer operations as an addition in the Water Column. If the sewer is also a regulated utility by the PSC, report an equal amount as a reduction in the Sewer column. Report all other accruals charged to other accounts, such as to clearing accounts. Description Water Electric Balance First of Year (111.1) 5,101, ,101,232 1 Credits during year Charged Depreciation Expense (403) 308, , Depreciation Expense on Meters Charged to Sewer 28,763 28, Salvage Total credits 336, ,816 6 Debits during year Book Cost of Plant Retired 113, , Cost of Removal Total debits 113, , Balance end of year (111.1) 5,324, ,324, Gas Sewer (e) Total (f) Date Printed: 6/5/2017 6:00:08 PM

19 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-10 Accumulated Provision for Depreciation of Utility Plant on Contributed Plant in Service (Acct ) Depreciation Accruals (Credits) during the year (111.2): Report the amounts charged in the operating sections to Other Income Deductions (426). If sewer operations are nonregulated, do not report sewer depreciation on this schedule. Report the Depreciation Expense on Meters charged to sewer operations as an addition in the Water Column. If the sewer is also a regulated utility by the PSC, report an equal amount as a reduction in the Sewer column. Report all other accruals charged to other accounts, such as to clearing accounts. Description Water Electric Balance First of Year (111.2) 736, ,283 1 Credits during year Charged Other Income Deductions (426) 81,353 81, Depreciation Expense on Meters Charged to Sewer Salvage Total credits 81, ,353 6 Debits during year Book Cost of Plant Retired Cost of Removal Total debits Balance end of year (111.2) 817, , Gas Sewer (e) Total (f) Date Printed: 6/5/2017 6:00:08 PM

20 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-11 Net Nonutility Property (Accts. 121 & 122) Report separately each item of property with a book cost of $5,000 or more included in account 121. Other items may be grouped by classes of property. Describe in detail any investment in sewer department carried in this account. Description Balance First of Year Additions During Year Deductions During Year Balance End of Year (e) Nonregulated sewer plant Total Nonutility Property (121) Less accum. prov. depr. & amort. (122) Net Nonutility Property Date Printed: 6/5/2017 6:00:08 PM

21 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-12 Accumulated Provision for Uncollectible Accounts-Cr. (Acct. 144) Description Amount --- Balance first of year 0 1 Additions Provision for uncollectibles during year Collection of accounts previously written off: Utility Customers Collection of accounts previously written off: Others 0 5 Total Additions 0 6 Accounts Written Off Accounts written off during the year: Utility Customers Accounts written off during the year: Others 0 9 Total Accounts Written Off 0 10 Balance End of Year 0 11 Date Printed: 6/5/2017 6:00:09 PM

22 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-13 Materials and Supplies Account Generation Transmission Distribution Other (e) Total End of Year (f) Amount Prior Year (g) Electric Utility 1 Fuel (151) Fuel stock expenses (152) Plant mat. & oper. sup. (154) Total Electric Utility Account Total End of Year Amount Prior Year Electric utility total Water utility (154) 55,217 51,029 2 Sewer utility (154) 3 Heating utility (154) 0 4 Gas utility (154) 5 Merchandise (155) 0 6 Other materials & supplies (156) 0 7 Stores expense (163) 0 8 Total Material and Supplies 55,217 51,029 9 Date Printed: 6/5/2017 6:00:09 PM

23 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-14 Unamortized Debt Discount & Expense & Premium on Debt (Accts. 181 and 251) Report net discount and expense or premium separately for each security issue. Debt Issue to Which Related Written Off During Year Amount Account Charged or Credited Balance End of Year Unamortized debt discount & expense (181) GENERAL OBLIGATION NOTES 1, , GENERAL OBLIGATION NOTES , None 4 Total 1,390 6,091 5 Unamortized premium on debt (251) A REVENUE BONDS 3, , None 8 Total 3,592 15,858 9 Date Printed: 6/5/2017 6:00:09 PM

24 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-15 Capital Paid in by Municipality (Acct. 200) Report each item (when individually or when like items are combined) greater than $10,000 (class AB), $5,000 (class C) and $2,000 (class D, sewer and privates) and all other lesser amounts grouped as Miscellaneous. Describe fully using other than account titles. Description Amount Balance first of year 1,179,557 1 Balance end of year 1,179,557 2 Date Printed: 6/5/2017 6:00:10 PM

25 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-17 Bonds (Acct. 221) Report information required for each separate issue of bonds. If there is more than one interest rate for an aggregate obligation issue, average the interest rates and report one rate. Proceeds advanced by the municipality from sale of general obligation bonds, if repayable by utility, should be included in account 223. Enter interest rates in decimal form. For example, enter 6.75% as Description of Issue Date of Issue Final Maturity Date Interest Rate Principal Amount End of Year (e) 2016A REVENUE BONDS 07/06/ /01/ % 1,495,000 * 1 Total 1,495,000 2 Date Printed: 6/5/2017 6:00:10 PM

26 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule F-17 Bonds (Acct. 221) (Page F-17) General Footnote Bonds (Acct. 221) Report information required for each separate issue of bonds. If there is more than one interest rate for an aggregate obligation issue, average the interest rates and report one rate. Proceeds advanced by the municipality from sale of general obligation bonds, if repayable by utility, should be included in account 223. Enter interest rates in decimal form. For example, enter 6.75% as THE LITTLE CHUTE WATER UTILITY DID A CURRENT REFUNDING OF ITS 2005 AND 2008 REVENUE BONDS IN JULY Date Printed: 6/5/2017 6:00:10 PM

27 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-18 Notes Payable & Miscellaneous Long-Term Debt Report each class of debt included in Accounts 223, 224 and 231. Proceeds of general obligation issues, if subject to repayment by the utility, should be included in Account 223. If there is more than one interest rate for an aggregate obligation issue, average the interest rates and report one rate. Enter interest rates in decimal form. For example, enter 6.75% as Account and Description of Obligation (a and b) Date of Issue Final Maturity Date Interest Rate (e) Principal Amount End of Year (f) Advances from Municipality (223) A GO CORPORATE PURPOSE BONDS 08/10/ /01/ % 500, GO PROMISSORY NOTES 11/20/ /01/ % 722, GO PROMISSORY NOTES 07/17/ /01/ % 335,000 4 Total for Account 223 1,557,997 5 Date Printed: 6/5/2017 6:00:10 PM

28 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-19 Taxes Accrued (Acct. 236) Description Amount --- Balance first of year 216, Charged water department expense 216, Charged electric department expense Charged gas department expense Charged sewer department expense 8,708 5 Total accruals and other credits 225, County, state and local taxes 216, Social Security taxes 6, PSC Remainder Assessment 2, Gross Receipts Tax CONSTRUCTION APPROVAL ASSESSMENT 467 * 11 Total payments and other debits 225, Balance end of year 216, Date Printed: 6/5/2017 6:00:11 PM

29 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule F-19 Taxes Accrued (Acct. 236) (Page F-19) General Footnote Taxes Accrued (Acct. 236) WATER UTILITY APPLIED FOR CONSTRUCTION AUTHORIZATION APPROVAL FOR A $1.3 MILLION PROJECT AT PUMP HOUSE #1 IN Date Printed: 6/5/2017 6:00:11 PM

30 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-20 Interest Accrued (Acct. 237) Report below interest accrued on each utility obligation. Report customer deposits under account 235. Description of Issue Interest Accrued Balance First of Year Interest Accrued During Year Interest Paid During Year Interest Accrued Balance End of Year (e) Bonds (221) REVENUE BONDS 11,982 16,057 28, REVENUE BONDS 15,505 20,777 36, A REVENUE BONDS 14, ,025 * 4 Subtotal Bonds (221) 27,487 50,859 64,321 14,025 5 Advances from Municipality (223) A GENERAL OBLIGATION CORPORATE PURPOSE BONDS 6,583 15,354 15,799 6, GENERAL OBLIGATION NOTES 1,661 9,604 9,967 1, GENERAL OBLIGATION NOTES 622 7,110 7, Subtotal Advances from Municipality (223) 8,866 32,068 32,926 8, Other Long-Term Debt (224) None 0 12 Subtotal Other Long-Term Debt (224) Notes Payable (231) None 0 15 Subtotal Notes Payable (231) Customer Deposits (235) None 0 18 Subtotal Customer Deposits (235) Total 36,353 82,927 97,247 22, Date Printed: 6/5/2017 6:00:11 PM

31 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule F-20 Interest Accrued (Acct. 237) Report below interest accrued on each utility obligation. Report customer deposits under account 235. Interest Accrued (Acct. 237) (Page F-20) General Footnote THE LITTLE CHUTE WATER UTILITY DID A CURRENT REFUNDING OF ITS 2005 AND 2008 REVENUE BONDS IN JULY Date Printed: 6/5/2017 6:00:11 PM

32 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-22 Balance Sheet Detail - Other Accounts Report each item (when individually or when like items are combined) greater than $10,000 (class AB), $5,000 (class C) and $2,000 (class D) and all other lesser amounts grouped as Miscellaneous. Describe fully using other than account titles. Description Balance End of Year Sinking Funds (125) A REVENUE BONDS 227, BOND RESERVE FUND 149,500 3 Total (Acct. 125) 377,292 4 Depreciation Fund (126) Bond Covenant 100,000 6 Total (Acct. 126) 100,000 7 Cash and Working Funds (131 ) Cash 61,111 9 Total (Acct. 131 ) 61, Customer Accounts Receivable (142) Water 225, Total (Acct. 142) 225, Other Accounts Receivable (143) Sewer (Non-regulated) Merchandising, jobbing and contract work MISCELLANEOUS 5,759 * 17 Total (Acct. 143) 5, Receivables from Municipality (145) DELINQUENT CUSTOMER ACCOUNTS PLACED ON TAX ROLL 14,592 * DUE FROM GENERAL FUND - SUBDIVISION INFRASTRUCTURE 34,221 * 21 Total (Acct. 145) 48, Interest and Dividends Receivable (171) INTEREST RECEIVABLE 2, Total (Acct. 171) 2, Miscellaneous Current and Accrued Assets (174) SPECIAL ASSESSMENTS - CURRENT 35, Total (Acct. 174) 35, Miscellaneous Deferred Debits (186) DEFERRED INFLOWS - WRS 50, SPECIAL ASSESSMENTS - DEFERRED 390, Total (Acct. 186) 441, Date Printed: 6/5/2017 6:00:11 PM

33 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule F-22 Balance Sheet Detail - Other Accounts Report each item (when individually or when like items are combined) greater than $10,000 (class AB), $5,000 (class C) and $2,000 (class D) and all other lesser amounts grouped as Miscellaneous. Describe fully using other than account titles. Accounts Payable (232 ) Accounts Payable 57, Total (Acct. 232 ) 57, Payables to Municipality (233) ADVANCE FROM STORMWATER UTILITY 171,200 * 37 Total (Acct. 233) 171, Customer Deposits (235) BULK FILL KEY DEPOSITS Total (Acct. 235) Miscellaneous Current and Accrued Liabilities (242) ACCRUED PAYROLL 1, WRS PENSION 8, Total (Acct. 242) 10, Other Deferred Credits (253) Regulatory Liability 220, DEFERRED OUTFLOWS - WRS 19, Total (Acct. 253) 239, Date Printed: 6/5/2017 6:00:11 PM

34 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 3 of Schedule F-22 Balance Sheet Detail - Other Accounts Report each item (when individually or when like items are combined) greater than $10,000 (class AB), $5,000 (class C) and $2,000 (class D) and all other lesser amounts grouped as Miscellaneous. Describe fully using other than account titles. Balance Sheet Detail - Other Accounts (Page F-22) Explain amounts in Accounts 143, 145 and/or 233 in excess of $10,000. Provide a short list or detailed description, but do not use terms such as other revenues, general, miscellaneous, or repeat the account title. #143 - BULK WATER SALES - BILLED ANNUALLY IN DECEMBER. #145 - INDIVIDUAL AMOUNTS ARE IDENTIFIED ON THE PARENT SCHEDULE AND COMPRISE THE ENTIRE BALANCE. #233 - SHORT-TER OPERATING CAPITAL PROVIDED BY THE STORM WATER UTILITY TO BE REPAID IN Date Printed: 6/5/2017 6:00:11 PM

35 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-23 Return on Rate Base Computation The data used in calculating rate base are averages. Calculate those averages by summing the first-of-year and the end-of-year figures for each account and then dividing the sum by two. For municipal utilities, do not include contributed plant in service, property held for future use, or construction work in progress with utility plant in service. These are not rate base components. For private utilities, do not include property held for future use, or construction work in progress with utility plant in service. These are not rate base components. Average Rate Base Water Electric Add Average Utility Plant in Service (101.1) 13,829,400 13,829, Materials and Supplies 53,123 53,123 3 Less Average Reserve for Depreciation (111.1) 5,212,756 5,212, Customer Advances for Construction Regulatory Liability 235, ,830 7 Average Net Rate Base 8,433, ,433, Net Operating Income 628, ,805 9 Net Operating Income as a percent of Average Net Rate Base Gas Sewer (e) Total (f) 7.46% N/A N/A N/A 7.46% 10 Date Printed: 6/5/2017 6:00:12 PM

36 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-25 Regulatory Liability - Pre-2003 Historical Accumulated Depreciation on Contributed Utility Plant (253) Description Water Electric --- Balance First of Year 251, ,530 1 Credits During Year None 0 3 Charges (Deductions) Miscellaneous Amortization (425) 31,400 31,400 5 Balance End of Year 220, ,130 6 Gas Sewer (e) Total (f) Date Printed: 6/5/2017 6:00:12 PM

37 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule F-26 Important Changes During the Year Report changes of any of the following types: 1. Acquisitions NONE 2. Leaseholder changes NONE 3. Extensions of service NONE 4. Estimated changes in revenues due to rate changes THE WATER UTILITY PLANS TO FILE A FULL RATE CASE IN IT IS A REQUIREMENT FOR THE SAFE DRINKING WATER LOAN. 5. Obligations incurred or assumed, excluding commercial paper THE WATER UTILITY ISSUED $1,495,000 OF REVENUE BONDS IN JULY PROCEEDS WERE USED TO CURRENT REFUND THE 2005 AND 2008 REVENUE BONDS AND WATER MAIN REPLACEMENT. 6. Formal proceedings with the Public Service Commission WELL #1 IS CURRENTLY BEING UPGRADED. A CONSTRUCTION APPROVAL AUTHORIZATION AND A SAFE DRINKING WATER LOAN WERE APPROVED IN THE COST IS ESTIMATED TO BE APPROXIMATELY $1,225, Any additional matters NONE Date Printed: 6/5/2017 6:00:12 PM

38 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule W-01 Water Operating Revenues & Expenses Description This Year Last Year Operating Revenues - Sales of Water Sales of Water ( ) 2,183,581 2,086,432 2 Total Sales of Water 2,183,581 2,086,432 3 Other Operating Revenues Forfeited Discounts (470) 9,163 4, Rents from Water Property (472) 45,249 42, Interdepartmental Rents (473) Other Water Revenues (474) 15,396 12,426 8 Total Other Operating Revenues 69,808 59,649 9 Total Operating Revenues 2,253,389 2,146, Operation and Maintenenance Expenses Source of Supply Expense ( ) 34,350 21, Pumping Expenses ( ) 218, , Water Treatment Expenses ( ) 358, , Transmission and Distribution Expenses ( ) 305, , Customer Accounts Expenses ( ) 40,657 55, Sales Expenses (910) Administrative and General Expenses ( ) 142,752 76, Total Operation and Maintenenance Expenses 1,100,088 1,047, Other Operating Expenses Depreciation Expense (403) 308, , Amortization Expense ( ) Taxes (408) 216, , Total Other Operating Expenses 524, , Total Operating Expenses 1,624,584 1,595, NET OPERATING INCOME 628, , Date Printed: 6/5/2017 6:00:13 PM

39 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule W-02 Water Operating Revenues - Sales of Water Where customer meters record cubic feet, multiply by 7.48 to obtain number of gallons. Report estimated gallons for unmetered sales. Sales to multiple dwelling buildings through a single meter serving 3 or more family units should be classified multifamily residential. Account 460, Unmetered Sales to General Customers - Gallons of Water Sold should not include in any way quantity of water, i.e. metered or measured by tank of pool volume. The quantity should be estimated based on size of pipe, flow, foot of frontage, etc. Bulk water sales should be Account 460 if the quantity is estimated and should be Account 461 if metered or measured by volume. Water related to construction should be a measured sale of water (Account 461). Report average number of individually-metered accounts (meters). The amount reported should be the average meter count. E.g. if a hospital has 5 meters, a total of 5 meters should be reported on this schedule in column b (Average No. of Customers). Description Average No. Customer Thousand of Gallons of Water Sold Amount Unmetered Sales to General Customers (460) Residential (460.1) Commercial (460.2) Industrial (460.3) Public Authority (460.4) Multifamily Residential (460.5) Irrigation (460.6) 7 Total Unmetered Sales to General Customers (460) Metered Sales to General Customers (461) Residential (461.1) 3, , , Commercial (461.2) , , Industrial (461.3) , , Public Authority (461.4) 24 9,298 43, Multifamily Residential (461.5) 27 20,008 91, Irrigation (461.6) Total Metered Sales to General Customers (461) 4, ,830 1,712, Private Fire Protection Service (462) 88 49, Public Fire Protection Service (463) 4, , Other Water Sales (465) Sales for Resale (466) Interdepartmental Sales (467) 21 Total Sales of Water 8, ,830 2,183, Date Printed: 6/5/2017 6:00:13 PM

40 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule W-03 Sales for Resale (Acct. 466) Use a separate line for each delivery point THIS SCHEDULE NOT APPLICABLE TO THIS UTILITY- - - Date Printed: 6/5/2017 6:00:13 PM

41 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule W-04 Other Operating Revenues (Water) Report revenues relating to each account and fully describe each item using other than the account title. Report each item (when individually or when like items are combined) greater than $10,000 (class AB), $5,000 (class C) and $2,000 (class D and privates) and all other lesser amounts grouped as Miscellaneous. For a combined utility which also provides sewer service that is based upon water readings, report the return on net investment in meters charged to sewer department in Other Water Revenues (474). Description Amount Public Fire Protection Service (463) Amount billed (usually per rate schedule F-1 or Fd-1) 420, Wholesale fire protection billed Amount billed for fighting fires outside utility's service areas (usually per rate schedule F-2 or BW-1) 4 Total Public Fire Protection Service (463) 420,804 5 Forfeited Discounts (470) Customer late payment charges 9,163 7 Total Forfeited Discounts (470) 9,163 8 Rents from Water Property (472) Rent of tower for cellular antennas 45, Total Rents from Water Property (472) 45, Interdepartmental Rents (473) None 13 Total Interdepartmental Rents (473) 0 14 Other Water Revenues (474) Return on net investment in meters charged to sewer department 11, MISCELLANEOUS 3,512 * 17 Total Other Water Revenues (474) 15, Date Printed: 6/5/2017 6:00:14 PM

42 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule W-04 Other Operating Revenues (Water) Report revenues relating to each account and fully describe each item using other than the account title. Report each item (when individually or when like items are combined) greater than $10,000 (class AB), $5,000 (class C) and $2,000 (class D and privates) and all other lesser amounts grouped as Miscellaneous. For a combined utility which also provides sewer service that is based upon water readings, report the return on net investment in meters charged to sewer department in Other Water Revenues (474). Other Operating Revenues (Water) (Page W-04) Explain all amounts in Account 474 in excess of $10,000. NO ITEMS IN THE ACCOUNT ARE GREATER THAN $10,000. Date Printed: 6/5/2017 6:00:14 PM

43 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 1 of Schedule W-05 Water Operation & Maintenance Expenses Each expense account that has a difference between This Year and Last Year greater than 15 percent and $10,000 (class AB), 25 percent and $5,000 (class C), 30 percent and $2,000 (class D) shall be fully explained in the schedule footnotes. Class C and class D report all expenses in Other Expense (column c) Description Labor Expense Other Expense Total This Year Last Year (e) SOURCE OF SUPPLY EXPENSES Operation Supervision and Engineering (600) 3,385 3,385 2, Operation Labor and Expenses (601) 25,769 25,769 18, Purchased Water (602) Miscellaneous Expenses (603) Rents (604) Maintenance Supervision and Engineering (610) Maintenance of Structures and Improvements (611) Maintenance of Collecting and Impounding Reservoirs (612) Maintenance of Lake, River and Other Intakes (613) Maintenance of Wells and Springs (614) 5,196 5, Maintenance of Supply Mains (616) Maintenance of Miscellaneous Water Source Plant (617) Total Source of Supply Expenses 29,154 5,196 34,350 21, PUMPING EXPENSES Operation Supervision and Engineering (620) 3,385 3,385 2, Fuel for Power Production (621) Power Production Labor and Expenses (622) Fuel or Power Purchased for Pumping (623) 161, , , Pumping Labor and Expenses (624) 52, ,037 49, Expenses Transferred--Credit (625) Miscellaneous Expenses (626) Rents (627) Maintenance Supervision and Engineering (630) Maintenance of Structures and Improvements (631) 0 6, Maintenance of Power Production Equipment (632) Maintenance of Pumping Equipment (633) 1,177 1,177 3, Total Pumping Expenses 216,959 1, , , WATER TREATMENT EXPENSES Operation Supervision and Engineering (640) 3,765 3,765 2, Chemicals (641) 269, , , Operation Labor and Expenses (642) 51,339 2,111 53,450 53, Miscellaneous Expenses (643) 19,681 19,681 18, Rents (644) Maintenance Supervision and Engineering (650) Maintenance of Structures and Improvements (651) 0 3, Maintenance of Water Treatment Equipment (652) 12,621 12,621 11, Total Water Treatment Expenses 55, , , , TRANSMISSION AND DISTRIBUTION EXPENSES Operation Supervision and Engineering (660) 5,685 5,685 5, Storage Facilities Expenses (661) Date Printed: 6/5/2017 6:00:14 PM

44 Year Ended: December 31, 2016 Utility No Little Chute Municipal Water Dept Page 2 of Schedule W-05 Water Operation & Maintenance Expenses Each expense account that has a difference between This Year and Last Year greater than 15 percent and $10,000 (class AB), 25 percent and $5,000 (class C), 30 percent and $2,000 (class D) shall be fully explained in the schedule footnotes. Class C and class D report all expenses in Other Expense (column c) Description Labor Expense Other Expense Total This Year Last Year (e) --- Transmission and Distribution Lines Expenses (662) 118,339 9, , ,557 * Meter Expenses (663) 53,774 53,774 62, Customer Installations Expenses (664) Miscellaneous Expenses (665) 30,333 22,981 53,314 44, Rents (666) Maintenance Supervision and Engineering (670) Maintenance of Structures and Improvements (671) Maintenance of Distribution Reservoirs and Standpipes (672) 5,527 5,527 3, Maintenance of Transmission and Distribution Mains (673) 44,609 44,609 68,994 * Maintenance of Services (675) 7,440 7,440 1, Maintenance of Meters (676) 4,581 4,581 3, Maintenance of Hydrants (677) 2,369 2,369 3, Maintenance of Miscellaneous Plant (678) Total Transmission and Distribution Expenses 208,131 96, , , CUSTOMER ACCOUNTS EXPENSES Supervision (901) 0 4, Meter Reading Expenses (902) Customer Records and Collection Expenses (903) 21,929 18,728 40,657 50, Uncollectible Accounts (904) Miscellaneous Customer Accounts Expenses (905) Customer Service and Informational Expenses (906) Total Customer Accounts Expenses 21,929 18,728 40,657 55, SALES EXPENSES Sales Expenses (910) Total Sales Expenses ADMINISTRATIVE AND GENERAL EXPENSES Administrative and General Salaries (920) 16,141 16,141 20, Office Supplies and Expenses (921) 4,136 4,136 3, Administrative Expenses Transferred--Credit (922) Outside Services Employed (923) 55,617 55,617 10,811 * Property Insurance (924) 28,428 28,428 11,778 * Injuries and Damages (925) 2,000 2,000 1, Employee Pensions and Benefits (926) 24,226 24,226 18, Regulatory Commission Expenses (928) Duplicate Charges--Credit (929) Miscellaneous General Expenses (930) 5,604 5,604 4, Rents (931) 6,600 6,600 6, Maintenance of General Plant (932) Total Administrative and General Expenses 16, , ,752 76, TOTAL OPERATION AND MAINTENANCE EXPENSES 547, ,670 1,100,088 1,047, Date Printed: 6/5/2017 6:00:14 PM