News from 5/2/19 12:00am to 8/31/19 12:00am
- August 31, 2019
HOLD THE DATE - October 26th 9:00am
The annual general meeting will be held at the community center. Hope to see you there.
- August 7, 2019
Board Meeting
A Board Meeting will be held on August 31st , 7:00pm, at Bill Archibald's home. Discussions will include system updates; meters and the new meter reading system; telemetry; along with other items that may be introduced at the time.
If you wish to attend, please let us know at board@mountainmeadowswater.com
- July 22, 2019
- Quarterly Financials
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 18,047 34,105 75,000 45% Hook Up fees 5,000 5,000 - Commercial Water Sales 300 300 - Late Charges 92 226 450 50% Interest Income 1,921 3,379 500 676% Miscellaneous Income - - - TOTAL REVENUES 25,360 43,010 75,950 57% ADMINISTRATIVE EXPENSES Uncollectible Receivables - - Accounting Services 929 1,917 5,700 34% Insurance 618 1,232 3,200 39% Legal Services - - 1,000 0% Office Supplies & Postage 176 385 1,600 24% Taxes 25 25 825 3% Telephone 462 1,075 1,600 67% TOTAL ADMINISTRATIVE EXPENSES 2,210 4,634 13,925 33% MAINTENANCE & SUPPLIES Depreciation Expense 17,208 34,417 42,000 82% Maintenance & Repairs 4,117 9,110 25,000 36% Water Testing 1,158 1,835 1,000 184% TOTAL MAINTENANCE & SUPPLIES 22,483 45,362 68,000 67% UTILITIES Electricity 3,851 6,836 25,000 27% TOTAL UTILITIES 3,851 6,836 25,000 27% TOTAL EXPENSES 28,544 56,832 106,925 53% REVENUE LESS EXPENSE (DEFICIT) (3,184) (13,822) (30,975) 45% - May 21, 2019
New Meter Reading System ---
As we switch over to a new meter reading system, monthly readings may be impacted.
- May 2, 2019
- Quarterly Financials
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 16,057 16,057 75,000 21% Hook Up fees - - - Commercial Water Sales - - - Late Charges 134 134 450 30% Interest Income 1,458 1,458 500 292% Miscellaneous Income - - - TOTAL REVENUES 17,649 17,649 75,950 23% ADMINISTRATIVE EXPENSES Uncollectible Receivables - - Accounting Services 988 988 5,700 17% Insurance 614 614 3,200 19% Legal Services - - 1,000 0% Office Supplies & Postage 209 209 1,600 13% Taxes - - 825 0% Telephone 614 614 1,600 38% TOTAL ADMINISTRATIVE EXPENSES 2,425 2,425 13,925 17% MAINTENANCE & SUPPLIES Depreciation Expense 17,208 17,208 42,000 41% Maintenance & Repairs 4,993 4,993 25,000 20% Water Testing 677 677 1,000 68% TOTAL MAINTENANCE & SUPPLIES 22,878 22,878 68,000 34% UTILITIES Electricity 2,985 2,985 25,000 12% TOTAL UTILITIES 2,985 2,985 25,000 12% TOTAL EXPENSES 28,288 28,288 106,925 26% REVENUE LESS EXPENSE (DEFICIT) (10,639) (10,639) (30,975) 34%