for the year ended december 31, 2014puc.nh.gov/water-sewer/annual reports/2014/bedford waste...

State of New Hampshire

Public Utilities Commission

Concord

Sewer Utilities

ANNUAL REPORTOF

Bedford Waste Services, Corp(Exact Legal Name of Respondent)

(If name was changed during the year, show previous name and date of change)

n/a

FOR THE YEAR ENDED DECEMBER 31, 2014

Officer or other person to whom correspondence should beaddressed regarding this report:

Name:Title:Address:Telephone #:

Stephen P. St. CyrManagerP.O. Box 2400, Biddeford, Me. 04005(207) 423-0215

TABL1 OF CONTENTSSewer Utility

Schedule # Title of Schedule Page

General Corporate Information Schedule

A-i General Instructions IA-2 Identity ofRespondent 3A-3 Oath 4A-4 List of Officers and Directors 5A-S Shareholders and Voting Powers 6A-6 List of Towns Served 7A-7 Payments to Individuals 7A-S Management Fees and Expenses 8A-9 Affiliation of Officers and Directors 9A-Il Business Transactions with Related Parties tOA- 12 Important Changes During the Year 12

Financial Schedules

F-i Balance Sheet 15F-2 Income Statement 17F-3 Statement of Retained Earnings (Acct 215) ISF4 Statement ofProprietary Capital (Acct 218) 18F-S Statement of Changes in Financial Position 19F-6 Utility Plant (Accts 101 ->105) & Accumulated Depreciation (Acct 108) . .. 21F-7 Utility Plant Acquisition Adjustments (Accts 114-I 15) 21F-8 Utility Plant In Service (Accts 101 & 104) 22F-b Construction Work In Progress (Aect 105) 23F-I I Accumulated Depreciation & Amortization of Utility Plant In Service (Acet

108) 24F-12 Annual Depreciation Charge 25P.31 Equity Capital (Accts 201 & 204) 26F-35 Long Term Debt (Acct 223 & 224) 26F-36 Notes Payable Acct 232) 27F-38 Accrued and Prepaid Taxes (Accts 236 & 162) 28F-46 Contribution In Aid to Construction [CIAC] (Acct 271) 30F-46. I Accumulated Amortization of CLkC (Acct 272) 30F-46.2 Additions to CIAC from Main Extension Charges and Customer Connection

Charges 31F-46.3 Additions to CIAC received from AM Developers or Contractors Agreements 31

Schedule #

TABLE OP CONTENTS (cont’J)

Title of Schedule

Financial Schedules (cont’d)

Sewer Utikty

Page

F-47 Operating Revenues (Acct 400) 32F-48 Operating Expenses (Acct 401) 33F-49 Amortization of Utility P1at Acq Adj (Acct 406) & Amortization Expense -

Other (Acct 407) 34F-50 Taxes Charged During Year (Accts 408 & 409) 35F-56 Reconciliation ofReported Net Income with Taxable Income for Federal

Income Taxes 36F-57 Donations and Gifts 37F-58 Distribution of Salaries and Wages 38

Statis&ai Schedules

Revenue By RatesSewerage Treatment FacilitiesLift StationsTanks, Standpipes, ReservoirsActive Services, Measured and Flat RatesNumber and Type of CustomersCollection Sewers - Force & Gravity

39404142424243

S-i5-4S-6S-7S-sS-9S- 10

U

Annual Report of________________________________ Year ended December 31,

______

A-I GENERAL INSTRUCTIONS

I This Annual Report form is for the use of sewer companies operating in the State of NewHampshire.

2. This form shall be tiled with the New Hampshire Public Utilities Commission, 8 Old SuncookRoad, Concord, NH 03301-7139, on or before March 31 of each year, according to therequirements of New Hampshire RSA 374:13, Form ofAccounts and Records.

3. The word ‘Respondent,” whenever used in this report, means the person, firm, associationor corporation on whose behalf the report is filed.

4. The report should be typed, legible arid in permanent form. A computer facsimile report, ora 3 1/2” floppy disk (using QuattroPro [preferred], Lotus, or Excel) and one hard copy (ifsubmitted on standard 8 1I2 x ii” paper), will be accepted, All dollar amounts should bereported to the nearest whole dollar

5. Unless otherwise indicate4, the information required in the Annual Report shall be taken fromthe accounts and other records prescribed in PART Puc 1709. The definitions, instructions,accounting terms and phrases contained therein shall be interpreted according to PART Puc1709, Unform System ofAccounts for Sewer UtilEtes, as prescribed by this Commission,shall apply to this report whenever applicable.

6. Instructions should be carefully observed and each question should be answered fi.ilJy andaccurately whether or not it has been answered in a previous Annual Report. If the word“No, or ‘None” truly and completely states the fact, it should be used to answer anyparticular inquiry or any portion thereof If any schedule or inquiry is inapplicable to theRespondent, the words “Not Applicable’ or ‘nJa should be used.

7. Entries of a contrary, or opposite chaiacter (such as decreases reported in a column providingfor both increases and decreases) should be enclosed in parentheses “( ).“

8. Whenever schedules call for comparisons of figures of a previous year, the figures reportedmust be based on those shown by the Annual Report of the previous year, or an appropriatenarrative explanation given and submitted as an attachment to the Annual Report.

9. Attachments and additional schedules inserted for further explanation of accounts orschedules should be made on durable paper conforming to this form in size and width ofmargin. The inserts should be securely bound in the report. Inserts should bear the name ofthe Respondent, the applicable year of the report, the schedule numbers, and titles of theschedules to which they pertain.

1

Annual Report of_______________________________ Year ended December 31,

______

A-i GENERAL INSTRUCTIONS (cont’d)

10. If the Respondent makes a report for a period less than a calendar year, or other than thenormal calendar year (January through December)i, the beginning and the end ofthe periodcovered must be clearly stated on the front cover and throughout the report where theyear or period is required to be stated.

11. Whenever schedules request ‘Current Year End Balances” and “Previous Year EndBalances” the figures reported are based on fiscal year end general ledger accountbalances.

12. Increases of greater than 10%, in Operation and Maintenance only, from the precedingyear are to be explained in a letter.

13. The following is an explanation of th symbols used on the enclosed schedules:

a, “>“ means “through.” Example; Accounts 101 -> 105.b. “-“ means “minus.” Example; Accounts 108410.c. “+“ means “plus.” Example; Accounts 281+282.

2

Annual Report of Bedford Waste Services Corp. Year Ended December 31, 2014Sewer Utility

A-2 IDENTITY OF RESPONDENT1 Give the exact name under which the utility does business: Bedford Waste Services Corp.

2 Full name of any other utility acquired during the year and date of acquisition: None

3 Location of principal office: Bedford, N. H.

4 State whether the utility is a corporation, joint stock association, a firm or partnership, or an individual: Corporation

5 If a corporation or association, give date of incorporation, State under whose laws incorporated, and whether incorporated under special

act or general law: June 23, 1994-N. H.6 If incorporated under special act, given chapter and session date: N/A

7 Give date when company was originally organized and date of any reorganization: June 23, 1994

8 Name and addresses of principal office of any corporations, trusts or association owning, controlling or operating respondent: N/A

9 Name and addresses of principal office of any corporation, trusts or association owned, controlled or operated by the respondent: N/A

10 Date when respondent first began to operate as a utility*: April 1, 1995

11 If the respondent is engaged in any business not related to utility operation, give particulars: N/A

12 If the status of the respondent has changed during the year in respect to any of the statements made above, give particulars: N/A

13 If the utility is a foreign corporation which operated in New Hampshire prior to June 1, 1911, give date on which permission was granted tooperate under N. H. RSA 374:25, Exceptions and N. H. RSA 374:26 Permission. N/A

*lf engaged in operations of utilities of more than one type, give dates for each.

3

Annual Renort of Redford Waste Servires Corn Year Ended December 31, 2014

A-3 OATH

ANNUAL REPORTof

Sewer Utility

State of New Hampshire.County of Hillsborough

Bedford Waste Services Corp.

TO THESTATE OF NEW HAMPSHIRE

PUBLIC UTILITIES COMMISSIONFor the year ended December 31,

2014

I, the undersigned, Stephen P. St. Cyr ofthe Bedford Waste Services Corp. on our oath do severally say that the foregoing report hasbeen prepared, under our direction, from the original books, papers and records of said utility, thatwe carefully examined the same, and declare the same to be a complete and correct statement ofthe business and affairs of said utility, in respect to each and every matter and thing therein set forthto the best of our knowledge, information and belief, and that the accounts and figures contained inthe foregoing report embraces all of the financial operations of said utility during the period for whichsaid report is made.

Subscribed and sworn to before me this

cCday of Mc’cc -oiS

*81 ROY

PIT0S1Wfl42o18

_s4_. Manager

4

Ann

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A-4

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10 11 12 13 14 15 16 17 18 19 20


A-6 LIST OF TOWNS SERVED

List by operating divisions the towns served directly, indicating those in which franchise is for limited area by an asterisk () aftername. Give population of the area and the number of customers.

Line Population Numberof Line Population NumberofNo. Town of Area Customers No. Town of Area Customers

Sub Totals Forward: 21203 781 Bedford 21,203 78 162 173 184 195 206 217 228 239 2410 2511 2612 2713 2814 2915 Sub Totals Forward: 21,203 78 30 Total 21,203 78

A-7 PAYMENTS TO INDIVIDUALSList names of all individuals, partnerships, or corporations to whom payments totaling $10,000 or more for services rendered were made or accruedduring the year, and the amount paid or accrued to each. Where payments or accruals to the individual members of a partnership or firm togethertotal $10,000 or more, list each individual and the amount paid or due each.

LineNo. Name Address Amount

2 AAA Pump Service, Inc. Manchester N. H. 19,20334567891011121314151617181920 Total $ 19 203

7

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ulat

efa

irm

arke

tva

lue.

Lin

eN

ame

ofC

ompa

nyor

Rel

ated

Part

yD

escr

ipti

onof

item

sS

ale

orP

urch

ase

Pri

ceN

etB

ook

Val

ueG

ain

orL

oss

Fair

Mar

ketV

alue

No.

(a)

(b)

(C)

(d)

(e)

(f)1

NO

NE

2 3 4 5 6 7 8 9 10 11 12

11

Annual Report of Bedford Waste Services Corp. Year Ended December31, 2014Sewer Utility

A-12 IMPORTANT CHANGES DURING THE YEAR

Give concise answers to each of the following, numbering them in accordance with the inquiries. Eachinquiry should be answered. If none” or ‘not applicable’ state that fact as a response. If informationwhich answers an inquiry is given elsewhere in the report, reference to the schedule in which it appearswill be sufficient.

1. Changes in and important additions to franchise rights: Describe the actual consideration giventherefore and state from whom the franchise rights were acquired. If acquired without the paymentof consideration, state that fact. NONE

2. Acquisition of ownership in other companies; reorganization, merger, or consolidation with othercompanies: give names of companies involved, particulars concerning the transactions, and reference to Commission authorization. NONE

3. Brief description of source of supply, pumping, treatment, and transmission and distribution plantunder construction at end of year. NONE

4. Brief description of source of supply, pumping, treatment, and transmission and distribution plant,operation of which was begun during the year. The Company replaced 9 pumps.

5. Extensions of system (mains and service) to new franchise areas under construction at end of year.NONE

6. Extensions of the system (mains and service) put into operation during the year. NONE

7. Completed plant purchased, leased, sold or dismantled: Specifying items, parties and dates, andalso reference to NHPUC docket number under which authority was given to acquire, lease, or sell.For purchase and sale of completed plants, specify the date on which deed was executed.

NONE

8. Statement of important units of plant and equipment installed or permanently withdrawn from service during the year, not covered by inquiries 3 to 7 preceding. NONE

9. Changes in articles of incorporation or amendments to charter: Explain the nature and purpose ofsuch changes or amendments. NONE

10. State briefly the status of any materially important legal proceedings pending at the end of the year,and the results of any such proceedings culminated during the year. NONE

12


A-12 IMPORTANT CHANGES DURING THE YEAR (cont’d)

11. Obligation incurred or assumed by respondent as guarantor for the performance by another of anyagreement or obligation, excluding ordinary commercial paper maturing on demand or not later thanone year after date of issue: State on behalf of whom the obligation was assumed and amount of theobligation. Give reference to Commission authorization if any was required. NONE

12. Estimated increase or decrease in annual revenues due to important rate changes: State effectivedate and approximate amount of increase or decrease for each revenue classification and the number of customers affected. NONE

13. State the annual effect of each important change in wage scales. Include also the effective date andthe portion applicable to operations. NONE

14. All other important financial changes, including the dates purposes of all investment advancesmade during the year to or from an associated company. NONE

15. Describe briefly any materially important transaction of the respondent not disclosed elsewhere inthis report in which an officer, director, security holder, voting trustee, associated company or knownassociate of any of these persons was a party or in which any person had a material interest

NONE

13

THIS PAGE LEFT BLANK INTENTIONALLY

14

Annual Report of Bedford Waste Services Corp. Year ended December 31, 2014

Sewer Utility

F-i BALANCE SHEET

Assets and Other Debits

Current Previous IncreaseRef Year End Year End or

Line Acct Account Title Sch Balance Balance Decrease# # (a) (b) (c) (d) (e)

F-6F-6

F-7

$581,096 $569,163 $11,933431.878 $416,694 15.184

UTILITY PLANT101->105 Utility Plant

108 Less: Accumulated Depreciation & AmortizationNet Plant

114-115 Utility Plant Acquisition Adjustment - NetTotal Net Utility Plant

OTHER PROPERTY AND INVESTMENTS121 Nonutility Property122 Less: Accumulated Depreciation & Amortization

Net Nonutility Property123 Investment in Associated Companies124 Utility Investments

Total Other Property and Investments

CURRENT AND ACCRUED ASSETS

23456789101112131415161718192021222324252627282930313233

131132135

141-143145146151162174

184186190

$149,218 $152,469 ($3,251)

$149,218 $152,469 ($3,251)

$965 $4,682 ($3,717)387 387 -

26,31 1 24,343 1,968

873 832 41

$28,536 $30,244 ($1,708)

$8,216 $8,628 ($412)

$8,216 $8,628 ($412)

CashSpecial DepositsTemporary Cash InvestmentsAccounts Receivable - NetAccounts Receivable from Associated CompaniesNotes Receivable from Associated CompaniesPlant Materials and SuppliesPrepaymentsMiscellaneous Current and Accrued Assets

Total Current and Accrued Assets

DEFERRED DEBITSClearing AccountsMiscellaneous Deferred DebitsAccum Deferred Income Taxes

Total Deferred DebitsTOTAL ASSETS AND OTHER DEBITS $185,970 $191,341 ($5,371)

15$1 $1

Annual Report of Bedford Waste Services Corn. Year ended December 31, 2014

Sewer Utility

F-i BALANCE SHEET

Liabilities and Capital


Line Acct Account Title Sch Balance Balance (Decrease)# (a) (b) (c) (d) (e)

S 1,000 $ 1,000 $

10.000 10,000 -

(27,731) (25,343) (2,388)

234567891011121314151617181920212223242526272829303132333435

201203204205207211215218

223224

231232233235236237241

252253255265

271-27228 1->283

EQUITY CAPITALCommon Stock IssuedCommon Stock SubscribedPreferred Stock IssuedPreferred Stock SubscribedPremium on Capital StockOther Paid In CapitalRetained EarningsProprietary Capital

Total Equity Capital

LONG TERM DEBTAdvances from Associated CompaniesOther Long-Term Debt

Total Long Term Debt

CURRENT AND ACCRUED LIABILITIESAccounts PayableNotes PayableAccounts Payable to Associated CompaniesCustomer DepositsAccrued TaxesAccrued InterestMiscellaneous

Total Current and Accrued Liabilities

OTHER LIABILITIESAdvances for ConstructionOther Deferred CreditsAccum Deferred Investment Tax CreditMiscellaneous Operating ReservesContributions In Aid of Construction - NetAccumulated Deferred Income Taxes

Total Other LiabilitiesTOTAL LIABILITIES AND CAPITAL

F-3 I

F-3 I

F-3F-4

F-35F-35

F-36

F-38

F-46

$ (16,731) $ (14,343) S (2,388)

161,734 168,015 (6,281)$ 161,734 $ 168,015 $ (6,281)

6,341 886 5,455$ 6,341 $ 886 $ 5,455

5 34,626 $ 36,783 (2,157)

S 34,626 $ 36,783 $ (2,157)S 185,970 $ 191,341 $ (5,371)

16($1) ($1)


Sewer Utility

F-2 STATEMENT OF INCOME

IncreaseRef Current Previous or

Lim cc Account Title Sch Year Year Decrease# # (a) (b) (c) (d) (e)1 UTILITY OPERATING INCOME2 400 Operating Revenue F-47 $51,059 $ 49,583 $ 1,4763 Operating Expenses:4 401 Operating F-48 $14,860 $ 17,165 $ (2,305)5 403 Depreciation F-12 $23,081 22,822 259

405 Amortization of CIAC F-46.4 (2,157) (2,157) (0)6 406 Amortization of Utility Plant Acquisition Adj F-497 407 Amortization - Other F-498 408 Taxes Other Than Income F-SO $3,851 3,767 849 - IncomeTaxes(409.1,410.1,411.1,412.1) -

10 Total Operating Expenses $ 39,634 $ 41,597 $ (1,963)11 Net Operating Income (Loss) $ 11,425 $ 7,986 $ 3,4391213 OTHER INCOME AND DEDUCTIONS14 419 Interest & Dividend Income - $ - $ - $ -

15 420 Allow for Funds Used During Construction -

16 421 Nonutility Income -

17 426 Miscellaneous Nonutility Expenses -

18 427 Interest Expense - (13,813) (8,824) (4,989)19 - Taxes Applicable to Other Income -

20 - (409.2,410.2,411.2,412.2)21 Total Other Income and Deductions $ (13,813) $ (8,824) $ (4,989)22 — NET INCOME (LOSS) $ (2,388) $ (838) $ (1,550)

17


Sewer Utility

F-3 STATEMENT OF RETAINED EARNINGS (Account 215)

1. Report below the particulars for each category of Retained Earnings.2. Explain, and give, details of changes effected during the year.3. State balance and purpose of each appropriated Retained Earnings amount at end of year.

Line Item Appropriated Unappropriated# (a) (b) (c)1 Balance at beginning of year (25,343)

2 Changes during the year (specify):3 2014 Net Income (Loss) (2,388)456789 Balance at end of year (27,731)

F-4 STATEMENT OF PROPRIETARY CAPITAL (Account 218)

(for proprietorship and partnership only)

1. Report below particulars concerning this account.2. Explain and give particulars of important adjustments during the year.

Line Item Amount# (a) (b)1 Balance at beginning of year N/A2 Changes during the year (specify):3456789 Balance at end of year

18

Annual Report of Bedford Waste Services Corn. Year ended December 31, 2014

Internal Sources:Net IncomeCharges (Credits) to Income Not Requiring Funds:DepreciationAmortizationDeferred Income Taxes and Investment Tax Credits (Net)Capitalized Allowance for Funds Used During ConstructionOther (Net)Total From Internal SourcesAdjustments to Retained EarningsNet From Intemal SourcesEXTERNAL SOURCES:Long-term debt (bonds, debentures, etc.; net proceeds & payments)Common Stock (net proceeds and payments)Net Increase In Short Term Debt (include commercial paper)Other (Net):

Total From External SourcesOther Sources *

Net Decrease in Working Capital Excluding Short Term DebtOtherTotal Financial Resources Provided

Application of FundsConstruction and Plant Expenditures (include land):

Gross AdditionsSewer PlantNonutility PlantOther

Total Gross AdditionsLess: Contribution in Aid of Construction

Total Construction and Plant ExpendituresRetirement of Debt and Securities:

Long-Term Debt (bonds, debentures, etc; net proceeds & payments)Redemption of Capital StockNet Decrease in Short Term Debt (include commercial paper)Other (Net)

Total Retirement of Debt and SecuritiesOther Resources were used for *

Net Increase in Working Capital Excluding Short Term DebtOther

Total Financial Resources Used

* Such as net increase or decrease in working capital excluding short-term debt, purchase or sale of othernon-current assets, investments in and advances to and from associated companies and subsidiaries,and all other items not provided for elsewhere.

Notes to Schedule F-5Beginning CashFinancial Resources ProvidedFinancial Resources UsedEnding Cash $ 1,352 $ 5,070

Sewer Utility

F-5 STATEMENT OF CHANGES IN FINANCIAL POSITION

1. This statement is not restricted to those items which are nonconcurrent in nature. It is intended that this statement beflexible enough in nature so that latitude can be given, under the classification of Other’, to allow for disclosure ofall significant changes and transactions, whether they are within or outside of the current asset and liability groups.

2. Under “Other” specity significant amounts and group remaining amounts,3. Enter the current year covered by this annual report in column (b), and the year prior to this report in column (c).4. Clarifications and explanations should be listed below the schedule.

Current Year Prior YearLine Sources of Funds 2014 2013No. (a) (b) (c)

$ (2,388)

$23,081(2,157)

$ (838)

22,822(2,157)

3,858 (67,342)

345678910111213141516171819202122

2324252627282930313233343536373839404142

$ 22,393 $ (47,515)

$ 22,393 $ (47,515)

170,000

$ - $ 170,000

$ 22,393 $ 122,485

$19,830 11,056

4,887S 19,830 $ 15,943

5 19,830 $ 15,943

5 6,281 $ 103,217

$ 6,281 $ 103,217

$ 6,281 $ 103,217

$ 26.111 $ 119.160

S 5,070 $22,393

(26.111)

1,745122,485

(119.160)

- 19 & 20-


Sewer Utility

F-6 UTILITY PLANT (Accounts 101 -> 105) AND

ACCUMULATED DEPRECIATION AND AMORTIZATION (Account 108)


Line Acct Account Sch Balance Balance (Decrease)# # (a) (b) (c) (d) (e)1 UTILITY PLANT ACCOUNTS2 101 LJtilitvPlantjnService-Acct(351 ->398) F-8 $581,096 $569,163 $11,9333 103 Property Held for Future Use -

4 104 Utility Plant Purchased or Sold F-85 105 Construction Work In Progress F-Il6 Total Utility Plant $581,096 $569,163 $11,93378 ACCUMULATED DEPRECIATION & AMORTIZATION9 108 Accumulated Depreciation & Amortization F-il $431,878 $416,694 $15,18410 — NET PLANT — $149,218 $152,469 ($3,251)

F-7 UTILITY PLANT ACQUISITION ADJUSTMENTS (Accounts 114 - 115)Report each acquisition adjustment and related accumulated amortization separately. For any acquisition adjustment approvedby the Commission, include the order number.

Current Previous IncreaseYear End Year End or

Line Acct Account Balance Balance (Decrease)# # (a) (c) (d) (e)1 114 Acquisition Adjustments2 None3

4

5

6 Total Utility Plant Acquisition Adjustments7 115 Accumulated Amortization89101112 Total Accumulated Amortization13 — NET ACQUISITION ADJUSTMENTS

21

Ann

ual

Rep

ort

ofB

edfo

rdW

aste

Ser

vice

sC

orp.

Yea

ren

ded

Dec

embe

r31

,201

4

Sew

erU

tility

F-8

UT

ILIT

YP

LA

NT

INS

ER

VIC

E(A

ccou

nts

101

and

104)

(In

add

itio

nto

Acc

ount

101,

Uti

lily

Pla

nt

inS

ervi

ce,

this

sche

dule

incl

udes

Acc

ount

104.

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lity

Pla

ntP

urc

has

edor

Sol

d)

I.R

epor

tbe

low

the

orig

inal

cost

ofse

wer

plan

tin

serv

ice

acco

rdin

gto

pres

crib

edac

coun

ts.

2.D

ono

tin

clud

eas

adju

stm

ents

,co

rrec

tions

ofad

ditio

nsan

dre

tirem

ents

for

the

curr

ent o

rpr

eced

ing

year

.Su

chite

ms

shou

ldhe

incl

uded

inco

lum

n(c

)or

(d)

asap

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riat

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dit

adju

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ents

ofpl

ant

acco

unts

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ldbe

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rent

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s”(

)to

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cate

the

nega

tive

effe

ctof

such

amou

nts.

4.R

ecla

ssif

icat

ion

ortr

ansf

ers

with

inut

ility

plan

t acc

ount

ssh

ould

besh

own

inco

lum

n(f

).A

lso

incl

ude

inco

lum

n(f

)th

ead

ditio

nor

redu

ctio

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ary

acco

untc

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ific

atio

nar

isin

gfr

omdi

stri

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nts

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ally

reco

rded

inA

ccou

nt10

4,U

tility

Plan

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ld.

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nce

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ccou

nt10

4,in

clud

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mn

(c)

the

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ulat

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iatio

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quis

ition

adju

stm

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and

show

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lum

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)on

lyth

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bits

orcr

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dist

ribu

ted

inco

lum

n(f

)to

prim

ary

acco

untc

lass

ifica

tion.

Bal

ance

atB

alan

ceat

Beg

inni

ngof

End

of

Lin

eA

cct

Acc

ount

Yea

rA

ddit

ions

Ret

irem

ents

Adj

ustm

ents

Tra

nsf

ers

Yea

r

##

(a)

(b)

(c)

(d)

(e)

(f)

(g)

135

1O

rgan

izat

ion

235

2Fr

anch

ises

335

3L

and

and

Lan

dR

ight

s4

354

Str

uctu

res

and

Impr

ovem

ents

536

0C

olle

ctio

nSe

wer

s-

Forc

e6

361

Col

lect

ion

Sew

ers

-G

ravi

ty7

362

Spec

ial

Col

lect

ing

Stru

ctur

es8

363

Serv

ices

toC

usto

mer

s9

364

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wM

easu

ring

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ices

1036

5F

low

Mea

suri

ngIn

stal

latio

n1

137

0R

ecei

ving

Wel

ls12

371

Pum

ping

Equ

ipm

ent

$125

,195

$19,

830

($7,

896)

$137

,129

1338

0T

reat

men

tan

dD

ispo

sal

Equ

ipm

ent

1438

1Pl

ant

Sew

ers

1538

2O

utfa

llSe

wer

Lin

es$7

6,56

3$7

6,56

3

1638

9O

ther

Pla

ntan

dM

isce

llane

ous

Equ

ipm

ent

$67,

762

($1)

$67,

761

1739

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ffic

eF

urni

ture

and

Equ

ipm

ent

1839

1T

rans

port

atio

nE

quip

men

t19

393

Too

ls,

Shop

and

Gar

age

Equ

ipm

ent

2039

5P

ower

Ope

rate

dE

quip

men

t21

396

Com

mun

icat

ion

Equ

ipm

ent

2239

8O

ther

Tan

gibl

ePl

ant

$299

,643

$299

,643

23—

TO

TA

LU

TIL

ITY

PL

AN

TIN

SE

RV

ICE

$569

,163

$19,

830

($7,

896)

($1)

$581

,096

22


Sewer Utility

F-b CONSTRUCTION WORK IN PROGRESS (Account 105)

For each department report below descriptions and balances at end of year of projects in process of construction. For any substantial amounts of

completed construction not classified for plant actually in service explain the circumstances which have prevented final classification of such amount to

prescribed primary accounts for plant in service.

Total Charged toConstruction Estimated

Work in Progress AdditionalLin Description of Project (Acct 105) Cost of Project

# (a) (b) (c)1 None23

4

5

67

891011

12

13

14

15

16

17

18

19

20

21 TOTAL

23


Sewer Utility

F-il ACCUMULATED DEPRECIATION AND AMORTIZATION OF UTILITY PLANT IN SERVICE(Account 108)

I. Report below the information concerning accumulated depreciation of utility plant in service at end of year and changes during the year.2. Explain any important adjustments during the year in the blank space below the chart.3. Explain any difference between the amount for book cost of plant retired, Line 4, column (b), and that reported in the Schedule

F-8 Utility Plant In Service, column (d), exclusive of retirements of nondepreciable property.4. The intent of the provisions of Account 108 of the Uniform System of Accounts are that retirements of depreciable plant be recorded when such plant is

removed from service. There shall also be included in this schedule the amounts of plant retired, removal expenses, and salvage on an estimated basis,if necessary, with respect to any significant amount of plant actually retired from service, but, for which appropriate entries have not been made to theaccumulated provision for depreciation account. The inclusion of these amounts in this schedule shall be made even though it involves a journalentry in the books of account, as of the end of the year recorded subsequent to closing of Respondent’s books.

Accum. Depr. ofUtility Plant

in ServiceLine Item (Acct 108)

# (a) (b)I Balance at beginning of year $416,6942 Depreciation provision for year, charged to Account 403. Depreciation Expense $23,0813 Net charges for plant retired4 Book cost of plant retired $7,8965 Cost of removal6 Salvage (credit)7 Net charges for plant retired $7,8968 Other (debit) or credit items9 Rounding ($1)101112 Balance at end of year $431,878

24


Sewer Utility

F-12 ANNUAL DEPRECIATION CHARGE

I. Indicate cost basis from which depreciation charge calculations were derived.2. Show separately the rates used and the total depreciation for each class of property.3. Depreciation charges are to be computed using the straight line method. Use half year convention when appropriate. Composite rates may be used

with Commission approval.4. Total annual depreciation charge should agree with Schedule F-Il, Line 2, Depreciation provision for year,’ charged to Account 403, Depreciation

Expense.

Line Class of Property Cost Basis Rate % Amount# (a) (b) (c) (d)I Pumping Equipment $137,129 14.29% $14,2302 Piping/Structures 76,563 2.00% 1,5313 Tanks 67,761 4.00% 2,7104 Leach Fields 299.643 10.00/20.00% 4,60956789101112

13

1415

1617

1819202122

23

24 TOTAL DEPRECIATION CHARGE 581,096 23,081

25

Annual

Rep

ort

of

Bed

ford

Was

teS

ervi

ces

Corp

.Y

ear

ende

dD

ecem

ber

31,

2014

Sew

erU

tility

F-3

1C

AP

ITA

LS

TO

CK

(Acc

ount

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1)(A

ccou

nt20

4)#

(a)

(b)

(c)

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ror

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edV

alue

Per

Shar

e$1

002

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3Sh

ares

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4To

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ear F

-35

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NG

TE

RM

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BT

(Acc

ount

224)

1.R

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2 3 4 5T

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$12

,132

$16

1,73

4

26

Ann

ual

Rep

ort

ofB

edfo

rdW

aste

Ser

vice

sC

orp

.Y

ear

ende

dD

ecem

ber

31,

2014

Sew

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tili

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tin

tota

lal

lot

her

inte

rest

accr

ued

and

paid

onno

tes

disc

harg

eddu

ring

the

year

. Dat

eof

Outs

tandin

gat

INT

ER

ES

TD

UR

ING

YE

AR

Lin

Pay

eeIn

tere

stR

ate

Dat

eof

Not

eM

atu

rity

End

ofY

ear

Acc

rued

Pai

d

#(a

)(b

)(c

)(d

)(e

)(1

)(g

)1

Non

e2 3 4 5

TO

TA

L

Thi

sS

ched

ule

isfo

rS

hort

-Ter

mN

otes

only

.L

ong-

Ter

mN

otes

should

bere

po

rted

onS

ched

ule

F-35

.

27

An

nu

alR

eport

of

Bed

ford

Was

teS

ervi

ces

Cor

p.Y

ear

ende

dD

ecem

ber3

1,20

14

Sew

erU

tility

F-3

8A

CC

RU

ED

AN

DP

RE

PA

IDT

AX

ES

(Acc

ount

s23

6an

d16

2)

1.T

his

sche

dule

isin

tend

edto

give

part

icul

ars

ofth

eco

mbi

ned

prep

aid

and

accr

ued

tax

acco

unts

and

tosh

owth

eto

tal

taxe

sch

arge

dto

oper

atio

nsan

dot

her

acco

unts

duri

ngth

eye

ar.

2.T

axes

,pa

iddu

ring

the

year

and

char

ged

dire

ctly

tofi

nal

acco

unts

,th

atis

,no

tcha

rged

topr

epai

dor

accr

ued

taxe

s,sh

ould

bein

clud

edin

colu

mns

(d)

and

(e).

The

bala

ncin

gof

the

sche

dule

isno

taf

fect

edby

the

incl

usio

nof

thes

eta

xes.

3.T

axes

char

ged

dunn

gth

eye

ar,

colu

mn

(d),

incl

ude

taxe

sch

arge

dto

oper

atio

nsan

dot

her

acco

unts

thro

ugh:

(i)ac

crua

lscr

edite

dto

taxe

sac

crue

d,(i

i)am

ount

scr

edite

dto

prep

aid

taxe

sfo

rpo

rtio

nsof

prep

aid

taxe

sch

arge

able

tocu

rren

tye

ar,a

nd(i

ii)ta

xes

paid

and

char

ged

dire

ctto

oper

atio

nsof

acco

unts

othe

rth

anac

crue

dan

dpr

epai

dta

xac

coun

ts.

The

tota

lta

xes

char

ged

assh

own

inco

lum

n(d

)sh

ould

agre

ew

itham

ount

ssh

own

inco

lum

n(b

)of

Sche

dule

F-50

,“T

axes

Cha

rged

Dur

ing

Yea

r.”4.

The

aggr

egat

eof

each

kind

ofta

xsh

ould

belis

ted

unde

rth

eap

prop

riat

ehe

adin

gof

“Fed

eral

,”“S

tate

,”an

d“L

ocal

”in

such

man

ner

that

the

tota

lta

xfo

rea

chca

nbe

read

ilyas

cert

aine

d.5.

Ifan

yta

xco

vers

mor

eth

anon

eye

ar.t

here

quir

edin

form

atio

nof

all

colu

mns

shou

ldbe

show

nse

para

tely

for

each

year

.6.

Ent

eral

lad

just

men

tsof

the

accr

ued

and

prep

aid

tax

acco

unts

inco

lum

n(f

)an

dex

plai

nea

chad

just

men

t.D

esig

nate

debi

tad

just

men

tsby

pare

nthe

ses

“().

“

7.D

on

ot

incl

ude

inth

issc

hedu

leen

trie

sw

ithre

spec

tto

defe

rred

inco

me

taxe

s,ta

xes

colle

cted

thro

ugh

payr

oll

dedu

ctio

nsor

othe

rwis

epe

ndin

gtr

ansm

ittal

ofsu

chta

xes

toth

eta

xing

auth

ority

.

BA

LA

NC

EB

EG

INN

ING

OF

YE

AR

Tax

esT

axes

BA

LA

NC

EE

ND

OF

YE

AR

Tax

esA

ccru

edP

repa

idT

axes

Ch

arg

edP

aid

Tax

esA

ccru

edP

rep

aid

Tax

esL

inT

ype

ofT

ax(A

ccou

nt23

6)(A

ccou

nt16

2)D

uri

ng

Yea

rD

urin

gY

ear

Adju

stm

ents

(Acc

ount

236)

(Acc

ount

162)

#(a

)(b

)(c

)(d

)(e

)(f

)(g

)(h

)1

FE

DE

RA

L2 3 4 5 6

Tot

alFe

dera

l7

ST

AT

E8 9

Util

ityPr

oper

tyT

ax$9

88$1

,029

$41

10 11 12T

otal

Stat

e$9

88$1

,029

$41

13L

OC

AL

14T

own

ofB

edfo

rd$6

41$2

,863

$2,9

63$7

4115 16 17 18

Tot

alL

ocal

$641

$2,8

63$2

,963

$741

19T

OT

AL

TA

XE

S$6

41$3

,851

$3,9

92$7

82

28

TifiS PAGE LEFT BLANK INTENTIONALLY

29


Sewer Utility

F-46 CONTRIBUTIONS IN AID OF CONSTRUCTION jCIAC1 (Account 271)

1. Report below an analysis of the changes during the year for the respondents CIAC.2. Detail contributions received during year from main extension charges and customer connection charges; developers or contractors agreements in

supplementary Schedules F-46.2 and F-46.3.3. Detail charges in a footnote.

Line Item Amount# (a) (b)1 Balance beginning of year (Account 271) $ 216,4672 Credits during year:3 Contributions received from Main Extension and Customer Charges (Sch F-46.2) -

4 Contributions received from Developer or Contractor Agreements (Sch F-46.3)5 Total Credits $ -

6 Charges during year7 Retirement of Contributed Plant $ 1,0268 Rounding91011 Balance end of year (Account 271 $ 215,440

F-46.1 ACCUMULATED AMORTIZATION OF CIAC (Account 272)

I Report below the information called for concerning accumulated amortization of CIAC at end of year and changes during the year.2. Explain any important adjustments during the year.

Line Item Amount# (a) (b)1 Balance beginning of year (Account 272) $ 179,6842 Amortization provision for year, credited to:3 Amortization of CIAC 2,1574 Plant retirement $ 1,0265 Other (debit) or credit items6 Rounding $ (1)7 -

8 Balance end of year (Account 272) $ 180,814

Contribution in Aid of Construction - Net

NOTE: Line 1, Schedule F-46, minus line 1, F-46.1, should equal line 32(d), Schedule F-i, page 16.Line II, Schedule F-46, minus line 7, F-46.1, should equal line 32(c), Schedule F-I, page 16.

I $ 34,626 I

30

Annual Retsort of Bedford Waste Services Corn. Year ended December 31. 2014

Sewer Utility

F-46.2 ADDITIONS TO CIACFROM MAIN EXTENSION CBARGES AND CUSTOMER CONNECTION CHARGES RECEIVED DURING TIlE YEAR

1. Report, as specified below, information applicable to credits added to CIAC received from main extension charges and customer connection charges.2. Total credits amount reported on line I I should agree with Schedule F-46, line 3.

Number of Charge per

Line Description Connections Connection Amount

#_ (a) (c) (d) (e)

I None234

56

7

8

9

10It Total credits from main extension charges and customer connection charges

F-46.3 ADDITIONS TO CIAC RECEIVED FROM ALL DEVELOPERS OR CONTRACTORS AGREEMENTSFROM WHICH CASH OR PROPERTY WAS RECEIVED DURING TIlE YEAR

I. Report, as specified below, information applicable to credits added to CIAC received from developers or contractors agreements.2. Indicate in column (b) the form of contribution received.3. Total credits amount reported on line I I should agree with Schedule F-46, line 4.

(C)ash orLine Description (P)roperty Amount

# (a) (b) (c)I None.,

34567

91011 Total credits from all developers or contractors agreements from which cash or property was received

31

Annual Report of Bedford Waste Services Corn. Year ended December31, 2014

Sewer Utility

F-46.4 CURRENT YEAR AMORTIZATION OF CIAC (Account 272)

1. Report below the particulars concerning the amortization of CLAC received from developers or contractors agreements and frommain extensions and customer connections charges.

2. Indicate the basis upon which the total for the year was derived, using the straight line method, and the computed amount foreach class of property.

3. Total annual amortization for CIAC should agree with Schedule F-46. 1, line 3, Amortization provision for year, charged to Account 272,Amortization of CIAC. The concurrent credit is account 403 - Depreciation Expense.

Line Class of Property Cost Basis Rate Amount# (a) (b) (c) (d)1 Pumping Equipment $ 4,362 0.00% S -

2 Piping / Structures 42,333 2.00% 8473 Tanks 32,745 4.00% 1,3104 Leach Fields 136,000 0.00% -

5 Rounding 167891011 TOTAL $ 215,440 $ 2,157

31A

Ann

ual

Rep

ort

ofB

edfo

rdV

aste

Ser

vice

sC

orp.

Yea

ren

ded

Dec

embe

r31

,201

4

Sew

erU

tility

F-4

7O

PE

RA

TIN

GR

EV

EN

UE

S(A

ccount

40

0)

I.R

epor

tbe

low

the

amou

ntof

oper

atin

gre

venu

efo

rthe

year

for

cact

ipre

scri

bed

acco

unt

and

the

amou

ntof

incr

ease

/dec

reas

eov

erth

epr

eced

ing

year

2.If

incr

ease

s/de

crea

ses

are

notd

eriv

edfr

ompr

evio

lLal

yre

port

edfi

gure

s,ex

plai

nan

yin

cons

iste

ncie

s.3.

Tot

alO

pera

ting

Rev

enue

s,lin

e21

.sh

ould

agre

ew

ithSc

hedu

leF-

2,In

com

eSt

atem

ent,

line

I.4.

Num

ber

ofcu

stom

ers

shou

ldbe

repo

rted

onth

eba

sis

ofnu

mbe

rof

serv

ices

,plu

snu

mbe

rof

fiat

rate

acco

unts

.A

nycu

stom

erpo

sses

sing

mor

eth

anon

e(I

)se

rvic

esh

all

beco

unte

das

one

(I)

cust

omer

.Th

eav

erag

enu

mbe

rof

cust

omer

sm

eans

the

aver

age

ofth

eto

tals

aten

dof

each

billi

ngpe

riod

.

OP

ER

AT

ING

RE

VE

NU

ES

AV

ER

AG

E#

OF

CU

ST

OM

ER

SIn

crea

seor

Incr

ease

or

(Dec

reas

e)(D

ecre

ase)

Am

ount

from

Num

ber

from

Lin

eA

cct

Acc

ount

for

Yea

rP

rece

ding

Yea

rfo

rY

ear

Pre

cedi

ngY

ear

##

(a)

(b)

(c)

(f(g

)1

SE

WE

RR

EV

EN

UE

S2

521

Fla

tR

ate

Rev

enue

s3

521.

1R

esid

entia

l$

48,6

00$

-78

452

1.2

Com

mer

cial

552

1.3

Indu

stri

al6

521.

4Pu

blic

Aut

hori

ties

752

1.5

Mul

tiple

Fam

ilyD

wel

lings

852

1.6

Oth

er9

Tot

alFl

atR

ate

Rev

enue

s$

48,6

00$

-78

1052

2M

easu

red

Rev

enue

s11

522.

1R

esid

enti

al12

522.

2C

omm

erci

al13

522.

3In

dust

rial

1452

2.4

Publ

icA

utho

ritie

s15

522.

5M

ultip

leFa

mily

Dw

ellin

gs16

Tot

alM

easu

red

Rev

enue

s$

-$

-

17 1852

4R

even

ues

from

Oth

erSy

stem

s$

-$

-

19Su

bT

otal

Sew

age

Sale

s$

48,6

00$

-

2053

6O

ther

Sew

erR

even

ues

245

91

477

2140

0T

OT

AL

OP

ER

AT

ING

RE

VE

NU

ES

$51

059

$1

477

BIL

LIN

GR

OU

TIN

ER

epor

t the

follo

win

gin

form

atio

nin

days

for

Acc

ount

s52

1an

d52

2:1.

The

peri

odfo

rwhi

chbi

llsar

ere

nder

ed.

Qua

rter

ly2.

The

peri

odbe

twee

nth

eda

tem

eter

sar

ere

adan

dth

eda

teC

usto

mer

sar

ebi

lled.

N/A

32

Ann

ual

Rep

ort

ofB

edfo

rdW

aste

Ser

vice

sC

orp.

Yea

ren

ded

Dec

embe

r31

.20

14

Sew

erU

tili

tyF-

48O

PE

RA

TIN

GE

XP

EN

SE

S(A

ccou

nt40

1)

OP

ER

AT

ION

AN

DM

AL

NT

EN

AN

CE

EX

PE

NS

EA

CC

OU

NT

S

Lfi

nter

inth

esp

ace

prov

ided

the

oper

atio

nsan

dm

aint

enan

ceex

pens

esfo

rth

eye

ar.

2If

two

orm

ore

wat

ersy

stem

sar

eop

erat

ed,t

hest

atem

ent

ofop

erat

ion

and

mai

nten

ance

acco

unts

shou

ldbe

subd

ivid

edto

show

sepa

rate

lyth

eex

pens

eof

each

such

syst

emin

colu

mns

(d),

(e),

(f).

3.If

the

incr

ease

san

dde

crea

ses

are

not

deri

ved

from

prev

ious

lyre

port

edfi

gure

s,ex

plai

nin

foot

note

s.4.

Incr

ease

ofgr

eate

rth

an10

%m

ust

beex

plai

ned

sepa

rate

ly.

Tot

alIn

crea

seor

Am

ount

for

Dec

reas

efr

omI.

ine

Acr

tA

ccou

ntY

ear

Pre

cedi

ngY

ear

44

(a)

(b)

(c)

(d)

(e)

(f)

170

1.1

Sala

ries

and

Wag

es-

Em

ploy

ees

270

2.1

Sala

ries

and

Wag

es-

Off

icer

s,D

irec

tors

and

Maj

ority

Stoc

khol

ders

370

4I

Em

ploy

eePe

nsio

nsan

dB

enef

its4

710

Purc

hase

dSe

wag

eT

reat

men

t5

711

Slud

geR

emov

al6

715

Purc

hase

Pow

er7

716

Fuel

for

Pow

erPr

oduc

tion

871

8C

hem

ical

s9

720

Mat

eria

lsan

dSu

pplie

s10

730

Con

trac

tual

Serv

ices

13,4

16(2

,613

)11

740

Ren

ts12

750

Tra

nspo

rtat

ion

1375

5In

sura

nce

575

3214

765

Reg

ulat

ory

Com

mis

sion

263

118)

1577

0B

adD

ebt

1677

5M

isce

llane

ous

606

294

(1)

17—

Sub

Tot

alO

pera

tions

$14,

860

($2,

3051

Not

es:

(1)

The

Com

pany

bega

npa

ying

for

post

age

and

enve

lops

.

33

Ann

ual

Rep

ort

ofB

edfo

rdW

aste

Serv

ices

Cor

p.Y

ear

ende

dD

ecem

ber

31, 2

014

Sew

erU

tili

ty

F-4

9A

MO

RT

IZA

TIO

NO

FU

TIL

ITY

PL

AN

TA

CQ

UIS

ITIO

NA

DJU

ST

ME

NT

(Acc

ount

406)

and

AM

OR

TIZ

AT

ION

EX

PE

NS

E-

OT

HE

R(A

ccount

407)

1.R

epor

tbe

low

the

part

icul

ars

conc

erni

ngth

eam

ortiz

atio

nof

utili

typl

ant

acqu

isit

ion

adju

stm

ent

and

othe

ram

ortiz

atio

nde

bits

orcr

edits

whi

chre

late

tout

ility

oper

atio

nsan

dar

eno

tpr

ovid

edfo

rel

sew

here

.2.

Indi

cate

cost

basi

sup

onw

hich

debi

t/cr

edit

amor

tizat

ion

amou

ntw

asde

rive

d.3.

Tot

alam

ortiz

atio

nam

ount

for

Acc

ount

s40

6an

d40

7sh

ould

agre

ew

ithSc

hedu

leF-

2,lin

es6

and

7.re

spec

tivel

y,an

dap

plic

able

bala

nce

shee

tac

coun

tsc

hedu

les.

Lin

tIt

emB

asis

Per

cent

Am

ount

#(a

)(b

)(c

)(d

)1

Am

ortiz

atio

nof

Util

ityP

lant

Acq

uisi

tion

Adj

ustm

ent -

Acc

t406

2N

one

3 4 5 6 7 8 9T

OT

AL

10A

mor

tizat

ion

Exp

ense

Oth

er-

Acc

t407

11 12 13 14 15 16 17 18T

OT

AL

34

An

nual

Rep

ort

ofB

edfo

rdW

aste

Ser

vice

sC

orp.

Yea

ren

ded

Dec

embe

r3

1,2

01

4

Sew

erU

tility

F-5

0T

AX

ES

CH

AR

GE

DD

UR

ING

YE

AR

(Acc

ou

nts

408

and

409)

1.T

his

sche

dule

isin

tend

edto

give

the

acco

unt

dist

ribu

tion

ofto

tal

taxe

sch

arge

dto

oper

atio

nsan

dot

her

final

acco

unts

duri

ngth

eye

ar.

2.T

heag

greg

ate

ofea

chki

ndof

tax

shou

ldbe

liste

dun

der

the

appr

opri

ate

head

ing

of“F

eder

al,”

‘Sta

te,”

and

‘loc

al.”

3.T

heac

coun

tsto

whi

chta

xes

char

ged

wer

edi

stri

bute

dsh

ould

besh

own

inco

lunm

(c)

to(e

).4.

For

any

tax

for

whi

chit

was

nece

ssar

yto

appo

rtio

nto

mor

eth

anon

eac

coun

t,st

ate

ina

foot

note

the

basi

sof

appo

rtio

ning

such

tax.

5.T

heto

tal

taxe

sch

arge

das

show

nin

colu

mn

(b)

shou

ldag

ree

with

amou

nts

show

nby

colu

mn

(d)

ofSc

hedu

leF-

38“A

ccru

edan

dP

repa

idT

axes

.”6.

Do

not

incl

ude

inth

issc

hedu

leen

trie

sw

ithre

spec

tto

defe

rred

inco

me

taxe

s,ta

xes

colle

cted

thro

ugh

payr

oll

dedu

ctio

ns,

orot

herw

ise

pend

ing

trans

mitt

alof

such

taxe

sto

the

taxi

ngau

thor

ity.

DIS

TR

IBU

TIO

NO

FT

AX

ES

CH

AR

GE

DO

per

atin

oIn

com

eO

ther

Inco

me

Tot

alT

axes

Tax

esO

ther

Th

an&

Ded

ucti

ons

Ch

arg

edD

urin

iIn

com

eIn

com

eT

axes

Inco

me

Tax

esin

Cla

ssof

Tax

Yea

r(A

ccou

nt40

8)(A

ccou

nt40

9.1)

(Acc

ount

409.

2)#

(a)

(b)

(c)

(d)

(e)

1F

ED

ER

AL

2 3 4 5 6 7T

otal

Fed

eral

8S

TA

TE

9 10U

tili

tyP

rope

rty

Tax

$988

$988

11 U 13 14 15T

otal

Stat

e$9

88$9

8816

LO

CA

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Tow

nof

Bed

ford

$2,8

63$2

,863

18 19 20 21 22 23T

otal

Loc

al$2

,863

$2,8

6324

TO

TA

LT

AX

ES

$3,8

51$3

,851

35

Annual Report of Bedford Waste Services Corp. Year ended December 31,2014

Sewer Utility

F-56 RECONCILIATION OF REPORTED NET INCOME WITH TAXABLE INCOMEFOR FEDERAL INCOME TAXES

Report below a reconciliation of reported net income for the year with taxable income used in computing federal income tax accrualsand show computations of such tax accruals. The reconciliation shall be submitted even though there is no taxable income for the year.Descriptions should clearly indicated the nature of each reconciling amount.

Line Particulars Amount# (a) (b)

Net income for the year per Income Statement, Schedule F-2Income taxes per Income Statement, Schedule F-2 plus any adjustment to Retained

Earnings, Account 215.Other reconciling amounts

Depreciation

Federal Taxable Net IncomeComputation of Tax

($2,388)23

456

78

9101112

131415

1617

181920

21

2223

24

25

2627

2829303132

33

36


Sewer Utility

F-57 DONATIONS AND GIFTS

Report for each donation and gift given, the name of the recipient, purpose of transaction, account number charged and amount.These amounts cannot be charged to Operating Expense accounts.

AccountNumber

Line Name of Recipient Purpose Charged Amount# (a) (b) (c) (d)1 None234567891011121314151617181920212223

2425

26272829

303132

3334

3536

___________________ ___________________________

TOTAL -

37

Annual Renort of Bedford Waste Services Corp. Year ended December 31, 2014

Sewer Utility

F-58 DISTRIBUTION OF SALARIES AND WAGES

Report below the distribution of total salaries and wages for the year. Segregate amounts originally charged to clearing account to Utility Departments,Construction, Plant Removals, and Other Accounts, and enter such amounts in the appropriate lines and columns provided. In determining thissegregation of salaries and wages originally charged to clearing accounts a method of approximation giving substantially correct results may be used.

Allocation ofPayroll Charged

Direct Payroll to ClearingLine Classification Distribution Accounts Total

# (a) (b) (c) (d)I Collection None2 Pumping3 Treatment and Disposal4 Customer Accounts5 Administrative and General6 Total Operation and Maintenance78 Utility Plant9 Construction (by utility department)10 Plant Removal (by utility department)1 1 Other Accounts (Speci1,’)1213

141516171819 Total Utility Plant20 TOTAL SALARIES AND WAGES

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for the year ended december 31, 2014puc.nh.gov/water-sewer/annual reports/2014/bedford waste...

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