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October 17, 2020

Mountain Meadows Mutual Water Company
Annual Meeting
October 17, 2020
This meeting was conducted remotely on zoom due to Community Center closure due to Covid 19.

Opening
The meeting Of the Mountain Meadows Mutual Water Company was called to order at
9:01AM by Bill Archibald, President.
Members Present
Board Members Present- Bill Archibald, David Richman, Blair Hafner and Hal Cady.
Subscriber’s Present- Kitty Van Steel, Supervisor Fred Stump, Russel and Rienhart.
President’s Comments
President Bill Archibald thanked Board member/ Operations Manager David Richman for all the hard work that he has put into the Emergency Generator Project for well 3.
Minutes
Last year’s minutes were not available at this time and were not approved.
Financial Status
As of September 31, 2020, the replacement fund had $541,387.00 in it and the operation fund had $151,067.00.
There will be an increase in lab testing fees for water quality. Due to a mistake made by the lab well 3 will need to be tested three times this year in order to obtain a county waiver for water quality.
Water System Status
All wells and telemetry are up and operational
There were two new water meter hook-ups this year.
Well levels remained the same
Currently David Richman is working on completion of the installation of the emergency generator approved last year. A 50 Kw propane generator and propane tank to support it has been purchased and is being installed, a long-complicated process. This generator should be in service by mid-November for use during power outages. So far about $40,000.00 of the budgeted $60,000.00 has been spent.
System Maintenance
Valves exercised and debris removed. One valve may need replacement next spring.
Shareholder Questions
A shareholder asked if there could be an increase in the allotted water usage amount and could the rates be reduced. There was a discussion, and the shareholder was informed that water system was designed for 160,000 gallons of water per user. The fees were designed to prevent over usage of water. According to Supervisor Stump the State will be re- assessing water usage and imposing more water restrictions.
Old Business
President Archibald wanted to remind everyone about P.O.I.S.O.N(power outage irrigation policy). In the event of a planned or accidental power outage, outside irrigation will be suspended until an end of the event. MMMWC will try to e-mail residents of the outage. If outside watering continues after the outage the MMMWC will turn off water to the residence. There will be a $300.00 fee to turn the water back on. This measure is to ensure that the water stored in the system is not depleted.
New Business
The board discussed individual metering of the Three Condo complexes that MMMWC serves, this would require the instillation of about 28 meters. The state is requiring that each residence have an individual water meter by 2025. Currently Moutain Meadows and Pinon Springs only have a meter for irrigation water use.
Blair Hafner made a motion that the MMMWC provide and install a meter to each Condo owner starting next year (2021).
The motion was seconded by Hal Cady.
The motion passed unanimously.
Election of Officers
A quorum was not present. The board will remain the same.
Meeting Adjournment
President Bill Archibald adjourned the meeting at 9:39AM

October 14, 2020
Quarterly Financials
   Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    17,350   33,762   75,000  45%
Hook Up fees   5,500   11,000   -   
Commercial Water Sales   150   550   -   
Late Charges    127   210   450  47%
Interest Income   1,228   2,922   500  584%
TOTAL REVENUES    24,355   48,444   75,950  64%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   978   2,036   5,700  36%
Insurance    624   1,242   3,200  39%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   147   309   1,600  19%
Taxes   -   -   825  0%
Telephone   471   942   1,850  51%
TOTAL ADMINISTRATIVE EXPENSES    2,220   4,529   14,175  32%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   17,208   34,417   42,000  82%
Maintenance & Repairs   (2,275)  8,100   25,000  32%
Water Testing   -   2,062   1,000  206%
TOTAL MAINTENANCE & SUPPLIES    14,933   44,579   68,000  66%
         
UTILITIES          
Electricity    4,753   7,914   25,000  32%
TOTAL UTILITIES    4,753   7,914   25,000  32%
          
TOTAL EXPENSES    21,906   57,022   107,175  53%
         
REVENUE LESS EXPENSE (DEFICIT)    2,449   (8,578)  (31,225) 27%
         
October 9, 2020

Virtual Annual Meeting

The annual meeting will be held via Zoom this year. We will be sending out the link Saturday morning, October 17th, just prior to the meeting. Please make sure you are registered on the website to receive your link.

July 15, 2020

ANNUAL MEETING-HOLD THE DATE

The annual shareholder meeting will be held on Saturday October 17th, 9:00am, at the community center.

June 19, 2020

SCE PUBLIC SAFETY POWER SHUTOFFS

When there is a high risk of wildfires, SCE may temporarily shutoff your power. The Water Company will then institute its P.O.I.S.O.N. policy, which can be found in the "news" section, terminating all outside irrigation during the shutoff.

To register for alerts from SCE, please visit www.sce.com/psps

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