UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
********************************************
In the Matter of
Alliant Energy Corporation, et al. CERTIFICATE
PURSUANT TO
File No. 70-9323 RULE 24
(Public Utility Holding Company Act of 1935)
********************************************
REPORT PERIOD
January 1, 2002 through June 30, 2002
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 January 1, 2002 through June 30, 2002 (the
"Reporting Period"):
1. The consolidated balance sheet and six-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
$417,260.
3. The name of each new partnership entered into during the Reporting
Period is as follows:
Apollo Tax Credit Fund-XIX Limited Partnership
Decorah Woolen Mill, L.P.
Keokuk Senior Housing Limited Partnership
Carroll IHA Senior Housing Limited Partnership
Historic Park Street Senior Development Limited Partnership
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 $125
million authorized in the SEC's Supplemental Order dated July 19,
2002 are 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 104.
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.
S I G N A T U R E S
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, as amended, the undersigned companies have duly caused this
Certificate to be signed on their behalf by the undersigned thereunto
duly authorized.
ALLIANT ENERGY CORPORATION
ALLIANT ENERGY RESOURCES, INC.
ALLIANT ENERGY INVESTMENTS, INC.
By: /s/ Thomas L. Hanson
-------------------------------
Name: Thomas L. Hanson
Title: Vice President-Treasurer
HEARTLAND PROPERTIES, INC.
By: /s/ Ruth A. Domack
------------------------------
Name: Ruth A. Domack
Title: President
DATED: August 13, 2002
Response to SEC request
File No. 70-9323
Reporting period 1/1/02 through 6/30/02
Exhibit A
Heartland Properties, Inc.-Consolidated Balance Sheet
Including Iowa and Minnesota Investments
As of June 30, 2002
** UNAUDITED **
Cash and cash equivalents $3,928,333
Trade account receivable 1,234,648
Allowance for doubtful accounts 0
Restricted cash - short-term 2,605,560
Loan to Money Pools 5,417,056
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 4,170,186
State income tax receivable 3,237
Receivable from parent and affiliates 3,000
Receivable from other related parties 885,732
Other 172,701
---------------------
Total other current assets 5,311,956
---------------------
Total Current Assets 18,497,553
---------------------
Operating property and equipment 390,499
Rental property 183,231,034
---------------------
Total property 183,621,533
---------------------
Accumulated depreciation - operating 320,848
Accumulated depreciation - rental 39,354,951
---------------------
Total accumulated depreciation 39,675,799
---------------------
Net Fixed Assets 143,945,734
---------------------
Net intangible assets 2,289,020
---------------------
Investment - intercompany 0
---------------------
Investment - McLeod 0
---------------------
Restricted cash - long-term 5,862,557
---------------------
Long-term assets
Long-term notes receivable 0
Due from related party 2,522,381
Deferred income taxes 0
Equity and other investments 5,553,973
Other 1,392,900
---------------------
Total long-term assets 9,469,254
---------------------
TOTAL ASSETS $180,064,118
=====================
Response to SEC request
File No. 70-9323
Reporting period 1/1/02 through 6/30/02
Exhibit A
Heartland Properties, Inc. - Consolidated Balance Sheet
Including Iowa and Minnesota Investments
As of June 30, 2002
** UNAUDITED **
Line of credit borrowing $0
Payable to parent and affiliates 4,807,589
---------------------
Total short-term debt 4,807,589
---------------------
Current maturities of long-term debt 3,696,461
Trade accounts payable 304,415
Payable to other related parties 0
Accrued payroll and vacation 52,500
Accrued interest payable 1,014,208
Federal income tax payable 0
State income tax payable 0
Deferred revenue 5,438
Other current liabilities 4,791,361
---------------------
Total Current Liabilities 14,671,972
---------------------
Long-term debt 0
Mortgage notes payable on rental 99,395,804
Long-term debt with related party 0
---------------------
Total long-term debt 99,395,804
---------------------
Deferred income tax 4,545,160
Other long-term liabilities 2,592,431
---------------------
TOTAL LIABILITIES 121,205,367
---------------------
Minority interest 155,310
Common stock 1,000
Additional paid in capital 44,810,739
Syndication/stock issuance costs (565,164)
---------------------
Total common stock 44,246,575
---------------------
Dividends paid (14,886,833)
Retained earnings - prior year 26,331,476
Unrealized Security Gain/Loss 0
Current year earnings(loss) 3,012,223
---------------------
Total reinvested earnings 14,456,866
---------------------
TOTAL STOCKHOLDERS' EQUITY 58,703,441
---------------------
TOTAL LIABILITIES AND EQUITY $180,064,118
=====================
Response to SEC request
File No. 70-9323
Reporting period 1/1/02 through 6/30/02
Exhibit A
Heartland Properties, Inc. - Consolidated Income Statement
Including Iowa and Minnesota Investments
For the Six Months Ended June 30, 2002
** UNAUDITED **
Professional services $149,374
Rental revenue 9,527,129
---------------------
Gross revenue 9,676,503
---------------------
Less: reimbursements
---------------------
Net revenue 9,676,503
---------------------
Operating expenses
Operating expenses 2,262,130
Administrative and general expenses 4,095,047
Depreciation 2,481,362
Amortization 77,831
Taxes other than income 1,116,196
---------------------
Total operating expenses 10,032,566
---------------------
Pre-Bonus Operating Inc (Loss) (356,063)
Bonus 52,500
---------------------
Post-Bonus Operating Inc (Loss) (408,563)
---------------------
Interest income - trade 210,154
Interest income - intercompany 220,308
---------------------
Total interest income 430,462
---------------------
Interest expense - trade 2,580,979
Interest expense - intercompany 84,126
---------------------
Total interest expense 2,665,105
---------------------
Dividend income - trade 0
Dividend income - intercompany 0
Equity losses in unconsolidated entities (235,763)
Other income (expense) 524,657
---------------------
Total other income (expense) 288,894
---------------------
Pre-Tax Income (Loss) (2,354,312)
---------------------
Federal income tax expense (benefit) (758,911)
Tax Credits (4,419,048)
Federal deferred income tax 0
State deferred income tax 0
State income tax expense (benefit) (185,990)
---------------------
Total tax benefit (5,363,949)
---------------------
Net Income (Loss) B/F Minority Int. 3,009,637
Minority Interest Net (Income) Loss (2,586)
---------------------
Net Income (Loss) B/F Change in Acctg 3,012,223
Change in Acctg. Princ. Net of Tax 0
---------------------
Net Income (Loss) $3,012,223
=====================
Response to SEC request.
File No. 70-9323
Reporting period 1/1/02 through 6/30/02
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 as amended by the Supplemental Order
dated July 19, 2002 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
---------------
Carried forward $22,328,925
---------------
Response to SEC request.
File No. 70-9323
Reporting period 1/1/02 through 6/30/02
Brought forward $22,328,925
1/1/02 -- 6/30/02
-----------------
Pickerel Park Associates Limited Partnership 75,000
Countryside of Clinton Associates Limited Partnership 416,340
Richland Center WHA Limited Partnership 72,360
Apollo Tax Credit Fund-XVII Limited Partnership 2,010,775
MDI Limited Partnership #47 934,840
Apollo Tax Credit Fund-XIX Limited Partnership 2,771,011
Decorah Woolen Mill Limited Partnership 200
Keokuk Senior Housing Limited Partnership 580,575
Carroll IHA Senior Housing Limited Partnership 578,375
Historic Park Street Senior Development Limited Partnership 346,292
---------------
$30,114,693
===============
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 investment made by HPI in the LIHTC
properties authorized in the SEC's Order dated August 13, 1999 as
amended by the Supplemental Order dated July 19, 2002 is $30,114,693
leaving a balance available for investment of $94,885,307.