News from 7/8/21 12:00am to 9/1/21 12:00am
- September 1, 2021
NOTICE OF ANNUAL MEETING
OF THE SHAREHOLDERS OF MOUNTAIN MEADOWS MUTUAL WATER COMPANY, A CALIFORNIA CORPORATION.
NOTICE IS HEREBY GIVEN that the Annual Meeting of the Shareholders of the Mountain Meadows Mutual Water Company (“MMMWC”) will be held at the Crowley Lake Community Center at 9:00 a.m. on Saturday, October 16, 2021 for the following purposes:
1. President’s opening remarks.
2. Approve the minutes of the 2020 annual meeting.
3. Review financial status, capital expenditures and financial needs.
4. Provide update on wells and system
5. Discuss water conservation policies and rate structure
6. Discuss any other business that comes before the Shareholders.
7. Elect new Board of Directors.
Only the Shareholders of record at the close of business on October 15, 2021 will be entitled to vote at the meeting.
PROXY
The undersigned owner(s) of Lot no. _____________, Mountain Meadows Mutual Water Company acknowledge the receipt of a copy of the notice of Annual Meeting and hereby appoint___________________________________________, as proxy of the undersigned, with full power of substitution, to vote the membership unit standing in the name of the undersigned at the Annual Meeting of the members of the Mountain Meadows Mutual Water Company, to be held Saturday, October 16, 2021 at 9:00a.m. and any adjournment or adjournments thereof, upon such matters as may properly come before the meeting.
DATED:______________________
SIGNED:_________________________________
ADDRESS:_______________________________________
PLEASE RETURN TO MMMWC, P.O. BOX 5038 MAMMOTH LAKES, CA 93546
Or Scan and Email to info@butnerhoaservices.com
PLEASE REGISTER/UPDATE YOUR E-MAIL ADDRESS AT WWW.MOUNTAINMEADOWSWATER.COM- August 30, 2021
Water Sales
Some of you have noticed the increase in traffic of water tenders. The MMMWC has been selling water for various construction projects.
The system has four operational wells. Wells 3 and 5 are used for our water needs. Wells 1 and 4 are used only for emergency purposes due to water standards. The aquifers between wells 3 and 5 and wells 1 and 4 appear unconnected, based on water samples and drawdown tests. Pumping from wells 1 and 4 have no impact on the ground water levels at wells 3 and 5.
Based on the location of wells 1 and 4, there is only one other well in the area that appears to be on the same aquifer. That well is and continues to be off-line.
The MMMWC monitors ground water levels in its wells. Wells 3 and 5 remain within their historical levels. Wells 1 and 4 water levels have increased substantially over the last ten years and recover quickly following pumping.
Financially, the sale of water also behooves the company. Rates have remained at the same level for many years. Over the last year, we have spent approximately $100,000 in capital improvements. The sale of the water negates the need to raise rates.
In addition, by minimizing the distance the water tenders have to travel ultimately reduces the number of units necessary to provide water for these projects, thus reducing the diesel particulate emissions.
- July 10, 2021
- FINANCIALS
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 17,509 34,239 75,000 46% Hook Up fees 5,500 5,500 - Commercial Water Sales - 250 - Late Charges 200 334 450 74% Bulk Water Loads 33,875 33,875 Interest Income 441 1,126 500 225% TOTAL REVENUES 57,525 75,324 75,950 99% ADMINISTRATIVE EXPENSES Uncollectible Receivables - - Accounting Services 1,076 2,103 5,700 37% Insurance 2,649 3,273 3,200 102% Legal Services - - 1,000 0% Office Supplies & Postage 551 1,118 1,600 70% Taxes 25 25 825 3% Telephone 765 1,372 1,850 74% TOTAL ADMINISTRATIVE EXPENSES 5,066 7,891 14,175 56% MAINTENANCE & SUPPLIES Depreciation Expense 17,208 34,416 42,000 82% Maintenance & Repairs 11,032 16,112 25,000 64% Water Testing 1,028 1,316 1,000 132% TOTAL MAINTENANCE & SUPPLIES 29,268 51,844 68,000 76% UTILITIES Electricity 5,796 9,979 25,000 40% TOTAL UTILITIES 5,796 9,979 25,000 40% TOTAL EXPENSES 40,130 69,714 107,175 65% REVENUE LESS EXPENSE (DEFICIT) 17,395 5,610 (31,225) -18% - July 9, 2021
Mountain Meadows Mutual Water Company
Board Meeting
July 4, 2021Opening
The meeting of the Mountain Meadows Mutual Water Company was called to order at 9:30 AM by Bill Archibald, President.
Members Present
Board Members Present- Bill Archibald, David Richman, Blair Hafner and Hal Cady.
Board Meetings
President Bill Archibald stated that there will be a monthly Board meeting until further notice. The next meeting date was set for August 6, 2021.
Yearly Water Board Meeting
Blair is going to contact Mono County for availability of Crowley Lake Community Center for a Yearly Meeting in October.
The Board then entered into a closed session to discuss a legal matter.
Board finished Discussion of legal matter.Adjournment
Meeting adjourned at 9:45AM- July 8, 2021
Hold the Date
The annual general meeting for the Mountain Meadows Mutual Water Company will be held at the Crowley Lake community center on October 16th at 9:00am.