News from 8/14/14 12:00am to 1/19/15 12:00am

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January 19, 2015
Financial Report
   Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    27,438   72,130   68,845  105%
Hook Up fees   5,000   5,000   -   
Commercial Water Sales   315   565   -   
Late Charges    222   941   450  209%
Interest Income   30   49   50  98%
Miscellaneous Income   -   -   -   
TOTAL REVENUES    33,005   78,685   69,345  113%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,134   4,908   5,700  86%
Insurance    693   2,745   4,500  61%
Legal Services   250   250   1,000  25%
Office Supplies & Postage   596   1,400   1,600  88%
Taxes   -   825   825  100%
Telephone   135   543   720  75%
TOTAL ADMINISTRATIVE EXPENSES    2,808   10,671   14,345  74%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   10,483   69,836   69,836  100%
Maintenance & Repairs   4,700   23,311   25,000  93%
Water Testing   -   647   1,000  65%
TOTAL MAINTENANCE & SUPPLIES    15,183   93,794   95,836  98%
         
UTILITIES          
Electricity    6,438   32,377   29,000  112%
TOTAL UTILITIES    6,438   32,377   29,000  112%
          
TOTAL EXPENSES    24,429   136,842   139,181  98%
         
REVENUE LESS EXPENSE (DEFICIT)    8,576   (58,157)  (69,836) 83%
          
         
October 30, 2014

ANNUAL MEETING MINUTES - MOUNTAIN MEADOWS MUTUAL WATER COMPANY

October 25, 2014

Opening

The meeting of the Mountain Meadows Mutual Water Company was called to order at 9:00 on October 25, 2014 at the Crowley Lake Community Center by Bill Archibald, president.

Present

Bill Archibald, David Richman, Blair Hafner, Hal Cady - board members. Also present Kitty Van Stelle, Cynthia Cady, Linda Kennedy and Christopher Klein

Approval of Minutes

The minutes of the last Annual meeting were approved.

Financial Report

The reserve has $114,000 in it. The reserve amount will go up with the last quarter billing. There is no shut off notices pending. Cost of maintenance and electricity is going up.

Edison is going to change the way they bill. The will be billing us with a time of day usage. David will find out more when Edison sends him more information.

Report of road construction water truck using hydrant for Highway 395 roadwork. Dave investigated and found this to be the case. David told the construction company to cease and desist and charge fee for water used.

System Report

Talked about system improvements:

Tank 2

Well 5

New pump for well 3

Upgrading the telemetry

Everyone now metered

Discussed back flow preventers for Condos

Conservation Measures

Water usage is down from last year. We used as an average of 145,000 gallons per household, with a median of 134,000 gallons. The system is engineered for 160,000 gallons of water per year per single family residence. The least amount of water used was 32,000 gallons a year by a year round resident. The highest residential usage was 469,000 gallons a year.

This year the static water level has dropped on all wells. Wells 1 and 4 have dropped 1 ½ feet, well 3 has dropped 3 feet and well 5 has dropped 18 feet due to the drought. If the drought continues there might be problems with the wells.

The State has mandated water restrictions. We will only be able to water two days a week or show a 20% reduction in water usage.

Rate Discussion

The monthly base rate is due to increase to $65.00 per month in January 2015 as voted on by the board last year. Whiskey Creek water rate is currently $50.00 per month. The Board voted unanimously to increase the rate to $55.00 per month. The Board also adopted a rate plan for the Mountain Meadows and Pinyon Spring’s irrigation. This was based on water study done by Tim Rudolph for the condo usage and water allotments for irrigation.

Drought Rate Contingence Plan

The board approved a contingency plan if drought conditions persist. This contingency plan will double the fees placed over the amount of water used above 160,000 gallons, or as allotted for the condos. The new rates would be:

1st 100,000 gallons at $10.00 per 1000 gallons (up from the current rate of $5.00 per 1000 gallons

2nd 100,000 gallons at $15.00 per 1000 gallons (up from the current rate of $7.50 per 1000 gallons

3rd 100,000 gallons at $20.00 per 1000 gallons (up from the current rate of $10.00 per 1000 gallons

This a contingency plan only, the board will have a meeting in April 2015 to determine the drought status.

Other Business

Baseball concession stand has requested a meter hook-up to the water system. They will be charged the meter hook-up fee of $5,000.00 and will be billed at the base rate.

A question was raised regarding the ground water levels at the wells.

Election of Water Board Members

With members that were present and the proxies received there was not a quorum to hold the election. The board will remain the same.

We currently are short one member at large, Bill Archibald asked for a volunteer to fill the position. Chris Klein stated he would be willing to serve on the board. The board unanimously approved.

The meeting was adjourned at 10:25.

October 21, 2014
Quarterly Financial Report
Quarterly Financial Report
 
    Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    18,671   44,691   68,845  65%
Hook Up fees   -   -   -   
Commercial Water Sales   -   250   -   
Late Charges    109   719   450  160%
Interest Income   11   19   50  38%
Miscellaneous Income   -   -   -   
TOTAL REVENUES    18,791   45,679   69,345  66%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,433   3,774   5,700  66%
Insurance    693   2,052   4,500  46%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   308   804   1,600  50%
Taxes   825   825   825  100%
Telephone   135   407   720  57%
TOTAL ADMINISTRATIVE EXPENSES    3,394   7,861   14,345  55%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   10,483   59,353   69,836  85%
Maintenance & Repairs   6,604   18,611   25,000  74%
Water Testing   567   647   1,000  65%
TOTAL MAINTENANCE & SUPPLIES    17,654   78,611   95,836  82%
         
UTILITIES          
Electricity    13,631   25,939   29,000  89%
TOTAL UTILITIES    13,631   25,939   29,000  89%
          
TOTAL EXPENSES    34,679   112,411   139,181  81%
         
REVENUE LESS EXPENSE (DEFICIT)    (15,888)  (66,732)  (69,836) 96%
          
         
August 20, 2014

MOUNTAIN MEADOWS MUTUAL WATER COMPANY
Meeting Minutes
August 7, 2014
Opening
The meeting of the Mountain Meadows Mutual Water Company was called to order at 1900 on August 7, 2014 at the Archibald house by Bill Archibald, president.
Present
Bill Archibald, David Richman, Blair Hafner, Hal Cady - board members.
Approval of Minutes
The minutes of the previous meeting were approved.
Financial
The reserve has increased from the last meeting. The Company will open another bank account to take advantage of a higher interest rates.
System Report
All systems are working. . June usage of metered water was approximately the same as last year.
There is an issue with the high pressure alarm in the lower system. Well 5 continues to rapidly shut off and on, causing an alarm. Rocks were found and removed from valves and the well 5 draw down level was lowered. The problem is not resolved but the number of alarms has decreased- a work in progress
Impacts of the Drought
There is plenty of water for the current draw. However, the static water level has dropped on all wells. Wells 1 and 4 have dropped 1 ½ feet, well 3 has dropped 3 feet and well 5 has dropped 18 feet due to the drought.
New Business
1. Tim Rudolph is working on a water rate structure for all condo complexes.
2. There is an increase of the homeowners using the upper tiers levels of water usage from last year, total of 17 for $3,400. There is a great disparity of water usage per month; ranging anywhere from 2,000 gallons to 92,000 gallons per month. Notices will be sent to the 5 highest water users to check for possible water leaks and to advise of normal water consumption rates.
3. At the next meeting the annual water usage figures will be available. Another tier maybe added to the rate structure at the October meeting. Also we will be discussing water usage in drought conditions.

Adjournment
Meeting was adjourned at 2045 by Bill Archibald, president. The next annual meeting will be October 25, 2014 at 0900 at the Crowley Lake Community Center.

August 14, 2014
June 2014 Financial Review
   Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    13,443   26,021   68,845  38%
Hook Up fees   -       
Commercial Water Sales   -   250   -   
Late Charges    263   610   450  136%
Insurance Proceeds   -       
Interest Income   7   8   50  16%
Miscellaneous Income   -   -   -   
TOTAL REVENUES    13,713   26,889   69,345  39%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,197   2,341   5,700  41%
Insurance    681   1,358   4,500  30%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   234   496   1,600  31%
Taxes   -   -   825  0%
Telephone   135   272   720  38%
TOTAL ADMINISTRATIVE EXPENSES    2,247   4,467   14,345  31%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   37,933   48,870     
Maintenance & Repairs   5,658   12,007   25,000  48%
Water Testing   -   80   1,000  8%
TOTAL MAINTENANCE & SUPPLIES    43,591   60,957   26,000  234%
         
UTILITIES          
Electricity    6,806   12,308   29,000  42%
TOTAL UTILITIES    6,806   12,308   29,000  42%
          
TOTAL EXPENSES    52,644   77,732   69,345  112%
         
REVENUE LESS EXPENSE (DEFICIT)    (38,931)  (50,843)  -  
         

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