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December 12, 2025

Board Meeting

A Board meeting will be held on Tuesday December 16th, at 6pm, either in person at David's home or via zoom. If you want to attend via zoom, or in person, please contact David.

The agenda includes:

Interview and consider appointing two new board members
Potential revisions to shut-off notice
Discuss succession plan
Closed Session to discuss personnel matter

October 31, 2025
Annual Meeting Minutes

October 25, 2025 Annual Meeting

Mountain Meadows Mutual Water Company

Opening

The Annual meeting of the Mountain Meadows Mutual Water Company was called to order at 9:10 AM by David Richman.

Board members present.

David Richman, Blair Hafner and Hal Cady

Shareholders Present.

Fred Stump and Beth Woodard

President Remarks

Thank you to the Board member and two shareholders who attended today's meeting. Shareholders show little interest in the water company's operations. We need more participation from shareholders. The current board members are aging, so the Water company needs to bring in new members to ensure it continues to operate effectively. David will be gone for extended periods of time and would like to turn over day-to-day operations of the water company to our two operators and other board members. One board member is only a part-time resident and would not be available if problems were to occur. We have two shareholders that have expressed interest in becoming board members but were not present at the meeting. David will contact these prospective board members to see if they are still interested in becoming board members; and the Board will interview them in November and/or December. If there is no interest the water company will eventually need to hire a management company which could increase water prices.

Hal Cady seconded Blair Hafner's motion to approve the minutes from last year. Motion passed unanimously.

The water system is operating normally with no outstanding problems. Well five is back in service and pumping beyond expectations after repairs. The issue concerning well three easement is resolved; and we are working on an additional easement to install a new pressure reduction station to replace the existing one. Cleaning is underway for both water tanks; one has completed. An equipment issue occurred, which postponed the cleaning of the second tank until next year. Telemetry is working well. David is changing the phone and internet service to Race Communications from Frontier to reduce costs.

Financial status. There is currently $1.2 million dollars in reserves. This year, our contract water sales generated $10,000.00. There are $ 7,500.00 in outstanding receivables.

One shareholder is not paying standby fees. We will continue to recover these fees. There are several overdue payments and shut-off notices will be set out to the homeowners, if non-responsive.

The Company has completed the cross-connection survey and inspection mandated by the state. During this inspection, several concerns were noted, and the Company has asked that backflow devices be installed. In addition, all sprinkler systems with a backflow device attached will need yearly inspection by a certified inspector per the state of California. The certification letter should be sent to MMMWC, either to P.O. Box 5038 in Mammoth or via e-mail to david@mountainmeadowswater.com .

The water quality for the MMMWC is good, with the annual report sent out previously this year. It is also available on the website at www.mountainmeadowswater.com .

There will not be any water rate increase this year, but operating costs keep increasing. The board will address this issue next year.

The water lateral responsibility policy was amended/clarified to reflect some recent installation variations. The Company will not be responsible for water laterals that are totally on/within private property. David Richman made the motion. Blair Hafner seconded the motion. The motion passed unanimously.

The board discussed the phasing out of David from the operations from the water company.

Operators will need to assume responsibility for water company day-to-day operations by the end of next year, with the board overseeing the process.

A quorum was not present with proxies so the board will remain the same.

A motion was made by David Richman to adjourn the meeting and seconded by Hal Cady. The motion passed unanimously.

The meeting concluded at 10:35 AM.

Minutes submitted by Hal Cady

October 22, 2025
Quarterly Financial Reports
   Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    39,351   116,914   75,000  156%
Hook Up fees   -   5,500   -   
Commercial Water Sales   7,980   8,430   -   
Supplemental Water Sales   4,495   4,495     
Miscellaeous Income   (20)  (20)    
Late Charges    422   1,112   450  247%
Interest Income   11,839   32,033   500  6407%
TOTAL REVENUES    64,067   168,464   75,950  222%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,142   4,017   5,700  70%
Insurance    538   4,336   3,200  136%
Legal Services   25,000   25,135   1,000  2514%
Office Supplies & Postage   289   978   1,600  61%
Taxes   20   25   825  3%
Telephone   660   1,930   1,850  104%
TOTAL ADMINISTRATIVE EXPENSES    27,649   36,421   14,175  257%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   14,507   43,522   42,000  104%
Maintenance & Repairs   17,224   60,945   25,000  244%
Water Testing   103   369   925  40%
TOTAL MAINTENANCE & SUPPLIES    31,834   104,836   67,925  154%
         
UTILITIES          
Electricity    12,783   29,828   25,000  119%
TOTAL UTILITIES    12,783   29,828   25,000  119%
          
TOTAL EXPENSES    72,266   171,085   107,100  160%
         
REVENUE LESS EXPENSE (DEFICIT)    (8,199)  (2,621)  (31,150) 8%
         
September 28, 2025
QUARTERLY FINANCIALS
   Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    39,351   77,563   75,000  103%
Hook Up fees   -   5,500   -   
Commercial Water Sales   225   450   -   
Supplemental Water Sales   -   -     
Miscellaeous Income   -   -     
Late Charges    458   690   450  153%
Interest Income   12,431   20,194   500  4039%
TOTAL REVENUES    52,465   104,397   75,950  137%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,226   2,875   5,700  50%
Insurance    3,798   3,798   3,200  119%
Legal Services   -   135   1,000  14%
Office Supplies & Postage   245   689   1,600  43%
Taxes   5   5   825  1%
Telephone   432   1,270   1,850  69%
TOTAL ADMINISTRATIVE EXPENSES    5,706   8,772   14,175  62%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   14,507   29,015   42,000  69%
Maintenance & Repairs   18,670   43,721   25,000  175%
Water Testing   90   267   925  29%
TOTAL MAINTENANCE & SUPPLIES    33,267   73,003   67,925  107%
         
UTILITIES          
Electricity    9,321   17,044   25,000  68%
TOTAL UTILITIES    9,321   17,044   25,000  68%
          
TOTAL EXPENSES    48,294   98,819   107,100  92%
         
REVENUE LESS EXPENSE (DEFICIT)    4,171   5,578   (31,150) -18%
         
July 8, 2025

Hold the Date!

The annual meeting for the MMMWC is scheduled for Saturday October 25th at 9:00am at the community center. Hope to see you there!

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