UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
File No. 70-9323
REPORT PERIOD
July 1, 2001 through December 31, 2001
In the Matter of
ALLIANT ENERGY CORPORATION, ET AL
ALLIANT ENERGY CORPORATION ("AEC") hereby certifies on behalf of itself,
Alliant Energy Resources, Inc. ("AER"), a wholly-owned subsidiary of AEC,
Alliant Energy Investments, Inc. ("AEI"), a wholly-owned subsidiary of AER, and
Heartland Properties, Inc. ("HPI"), a wholly-owned subsidiary of AEI, that
during the period from July 1, 2001 through December 31, 2001 (the "Reporting
Period"):
1. The consolidated balance sheet and twelve-month statement of income
for HPI as of the end of the Reporting Period were as set forth in
Exhibit A.
2. The amount of revenues and any form of compensation received by HPI
during the Reporting Period from any and all LIHTC property
interests, directly or indirectly, owned or controlled by HPI were
$390,494.
3. The name of each new partnership entered into during the Reporting
Period is as follows:
Knoxville IHA Senior Housing Limited Partnership
Apollo Tax Credit Fund-XVII Limited Partnership
Montello Senior Housing Limited Partnership
MDI Limited Partnership #47
Copies of the corresponding partnership agreement for each
partnership will be provided upon request.
4. The amounts of investment made by HPI during the Reporting Period
in the LIHTC properties and cumulative comparisons of the $50
million authorized in the SEC's order dated August 13, 1999 are as
set forth under Exhibit B.
5. The cumulative number of any and all LIHTC properties and any other
investment position in any form of non-utility assets held by HPI
at the end of the Reporting Period was ninety-nine.
Said transactions have been carried out in accordance with the terms and
conditions of, and for the purpose represented in, the Form U-1
Application-Declaration, as amended, of AEC, et al, in File No.,
70-9323, and in accordance with the terms and conditions of the SEC's
order dated August 13, 1999, permitting said Application-Declaration to
become effective.
DATED: February 12, 2002
ALLIANT ENERGY CORPORATION
ALLIANT ENERGY RESOURCES, INC.
ALLIANT ENERGY INVESTMENTS, INC. HEARTLAND
PROPERTIES, INC.
By: ALLIANT ENERGY CORPORATION
By: /s/ Enrique Bacalao
---------------------
Enrique Bacalao
Assistant Treasurer
Heartland Properties, Inc.-Consolidated Balance Sheet
Including Iowa and Minnesota Investments
As of December 31, 2001
** UNAUDITED **
Cash and cash equivalents $2,759,416
Trade account receivable 895,154
Allowance for doubtful accounts (996)
Restricted cash - short-term 2,870,826
Loan to Money Pools 9,186,571
Other current assets: 0
Short-term notes receivable 77,100
Current portion of long term notes receivable 0
Deferred income tax 0
Federal income tax receivable 691,381
State income tax receivable 346,090
Receivable form parent and affiliates 868,614
Receivable from other related parties 801,912
Other 140,150
-------------------------
Total other current assets 2,925,247
-------------------------
Total Current Assets 18,636,218
-------------------------
Operating property and equipment 514,230
Rental property 174,147,433
-------------------------
Total property 174,661,663
-------------------------
Accumulated depreciation - operating 410,719
Accumulated depreciation - rental 36,696,687
-------------------------
Total accumulated depreciation 37,107,406
-------------------------
Net Fixed Assets 137,554,257
-------------------------
Net intangible assets 2,167,250
-------------------------
Investment - intercompany 0
-------------------------
Investment - McLeod (0)
-------------------------
Restricted cash - long-term 5,719,005
-------------------------
Long-term assets
Long-term notes receivable 0
Due from related party 2,561,167
Deferred income taxes 0
Equity and other investments 3,786,602
Other 1,399,727
-------------------------
Total long-term assets 7,747,496
-------------------------
TOTAL ASSETS $171,824,226
=========================
Heartland Properties, Inc. - Consolidated Balance Sheet
Including Iowa and Minnesota Investments
As of December 31, 2001
** UNAUDITED **
Line of credit borrowing $0
Payable to parent and affiliates 3,573,818
-------------------------
Total short-term debt 3,573,818
-------------------------
Current maturities of long-term debt 4,569,115
Trade accounts payable 740,366
Payable to other related parties 5,721
Accrued payroll and vacation 386,625
Accrued interest payable 837,016
Federal income tax payable 0
State income tax payable 0
Deferred revenue 3,443
Other current liabilities 4,268,557
-------------------------
Total Current Liabilities 14,384,661
-------------------------
Long-term debt 0
Mortgage notes payable on rental 95,040,171
Long-term debt with related party 0
-------------------------
Total long-term debt 95,040,171
-------------------------
Deferred income tax 4,545,160
Other long-term liabilities 2,372,364
-------------------------
TOTAL LIABILITIES 116,342,356
-------------------------
Minority interest 267,373
Common stock 8,044,800
Additional paid in capital 35,091,424
Syndication/stock issuance costs (494,515)
-------------------------
Total common stock 42,641,709
-------------------------
Dividends paid (14,880,808)
Retained earnings - prior year 20,846,688
Unrealized Security Gain/Loss (0)
Current year earnings(loss) 6,606,908
-------------------------
Total reinvested earnings 12,572,788
-------------------------
TOTAL STOCKHOLDERS' EQUITY 55,214,497
-------------------------
TOTAL LIABILITIES AND EQUITY $171,824,226
=========================
Heartland Properties, Inc. - Consolidated Balance Sheet
Including Iowa and Minnesota Investments
For the Year Ended December 31, 2001
** UNAUDITED **
Professional services $329,641
Rental revenue 17,607,501
-------------------------
Gross revenue 17,937,142
-------------------------
Less: reimbursements
-------------------------
Net revenue 17,937,142
-------------------------
Operating expenses
Operating expenses 3,606,013
Administrative and general expenses 7,239,604
Depreciation 4,529,187
Amortization 130,377
Taxes other than income 2,002,088
-------------------------
Total operating expenses 17,507,269
-------------------------
Pre-Bonus Operating Inc (Loss) 429,873
Bonus 363,851
-------------------------
Post-Bonus Operating Inc (Loss) 66,022
-------------------------
Interest income - trade 740,470
Interest income - intercompany 90,569
-------------------------
Total interest income 831,039
-------------------------
Interest expense - trade 4,978,655
Interest expense - intercompany 313,522
-------------------------
Total interest expense 5,292,177
-------------------------
Dividend income - trade 0
Dividend income - intercompany 0
Equity losses in unconsolidated entities (288,417)
Other income (expense) (56,336)
-------------------------
Total other income (expense) (344,753)
-------------------------
Pre-Tax Income (Loss) (4,739,869)
-------------------------
Federal income tax expense (benefit) (1,548,820)
Tax Credits (9,409,700)
Federal deferred income tax 0
State deferred income tax 0
State income tax expense (benefit) (387,291)
-------------------------
Total tax benefit (11,345,811)
-------------------------
Net Income (Loss) Before Minority Interest 6,605,942
Minority Interest In Net (Income) Loss (966)
-------------------------
Net Income (Loss) Before Change in Accounting Principal 6,606,908
Change in Accounting Principal Net of Tax 0
-------------------------
Net Income (Loss) $6,606,908
=========================
Response to SEC request.
File No. 70-9323
Reporting period 7/1/01 through 12/31/01
Exhibit B
4. The amounts of investment made by HPI during the Reporting
Period in the LIHTC properties authorized under in the SEC's order
dated August 13, 1999 are as follows:
7/1/99 -- 12/31/99
Fort Madison IHA Senior Housing Limited Partnership $ 521,436
Wagon Wheel Limited Partnership 864,756
Fond du Lac Senior Housing Limited Partnership 200
1/1/00 -- 6/30/00
Pickerel Park Associates Limited Partnership 451,721
Meadow Wood Associates of Carroll Phase II, Limited Partnership 578,505
Fort Madison IHA II Senior Housing Limited Partnership 473,700
7/1/00 -- 12/31/00
Fond du Lac Senior Housing Limited Partnership 836,410
Countryside of Clinton Associates Limited Partnership 694,000
Heartland Properties Equity Investment Fund I, a Wisconsin
Limited Partnership* 10,600,000
Meadow Wood Associates of Carroll Phase II, Limited Partnership 231,362
Pickerel Park Associates Limited Partnership 209,779
1/1/01 -- 6/30/01
Wagon Wheel Limited Partnership 201,635
Fort Madison IHA Senior Housing Limited Partnership 105,234
Fort Madison IHA II Senior Housing Limited Partnership 118,400
Meadow Wood Associates of Carroll Phase II, Limited Partnership 347,043
Richland Center WHA Limited Partnership 289,444
Heartland-Wisconsin Rapids Timber Trails, LLC 1,587,738
Maquoketa IHA Senior Housing Limited Partnership 618,709
7/1/01 -- 12/31/01
Fond du Lac Senior Housing Limited Partnership 32,000
Pickerel Park Associates Limited Partnership 586,500
Countryside of Clinton Associates Limited Partnership 277,560
Knoxville IHA Senior Housing Limited Partnership 570,769
Apollo Tax Credit Fund-XVII Limited Partnership 235,807
Montello Senior Housing Limited Partnership 35,200
MDI Limited Partnership #47 631,617
Heartland Properties Equity Investment Fund VII, L.L.C.** 1,229,400
------------------
$ 22,328,925
==================
Response to SEC request.
File No. 70-9323
Reporting period 7/1/01 through 12/31/01
Notes to Exhibit B
*Amounts invested in Heartland Properties Equity Investment Fund I
were invested pursuant to Alliant Energy Corporation et al., Holding
Company Act Release No. 27198 (July 10, 2000) (supplemental
order).
** Amounts invested in Heartland Properties Equity Investment
Fund VII, L.L.C. were invested in an entity owned in part prior to
the three-way merger creating Alliant Energy Corporation.
The cumulative amount of invstment made by HPI in the LIHTC
properties authorized in the SEC's order dated August 13, 1999 is
$22,328,925 leaving a balance available for investment of
$27,671,075.