News from 7/28/17 12:00am to 1/28/18 12:00am
- January 28, 2018
- 2017 Financials
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 37,233 89,432 75,000 119% Hook Up fees - 10,000 - Commercial Water Sales 250 1,300 - Late Charges 145 472 450 105% Interest Income 351 1,304 500 261% Miscellaneous Income - (40) - TOTAL REVENUES 37,979 102,468 75,950 135% ADMINISTRATIVE EXPENSES Uncollectible Receivables - - Accounting Services 1,001 4,607 5,700 81% Insurance 608 2,643 3,200 83% Legal Services - - 1,000 0% Office Supplies & Postage 608 1,225 1,600 77% Taxes - 825 825 100% Telephone 240 1,540 1,395 110% TOTAL ADMINISTRATIVE EXPENSES 2,457 10,840 13,720 79% MAINTENANCE & SUPPLIES Depreciation Expense 10,483 41,932 42,000 100% Maintenance & Repairs 6,058 22,157 25,000 89% Water Testing - 764 1,000 76% TOTAL MAINTENANCE & SUPPLIES 16,541 64,853 68,000 95% UTILITIES Electricity 4,580 21,645 30,000 72% TOTAL UTILITIES 4,580 21,645 30,000 72% TOTAL EXPENSES 23,578 97,338 111,720 87% REVENUE LESS EXPENSE (DEFICIT) 14,401 5,130 (35,770) -14% - November 13, 2017
- Quarterly Financials
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 20,063 52,199 75,000 70% Hook Up fees - 10,000 - Commercial Water Sales 675 1,050 - Late Charges 141 327 450 73% Interest Income 339 953 500 191% Miscellaneous Income - (40) - TOTAL REVENUES 21,218 64,489 75,950 85% ADMINISTRATIVE EXPENSES Uncollectible Receivables - - Accounting Services 1,466 3,607 5,700 63% Insurance 608 2,035 3,200 64% Legal Services - - 1,000 0% Office Supplies & Postage 184 617 1,600 39% Taxes 800 825 825 100% Telephone 359 1,300 1,395 93% TOTAL ADMINISTRATIVE EXPENSES 3,417 8,384 13,720 61% MAINTENANCE & SUPPLIES Depreciation Expense 10,483 31,449 42,000 75% Maintenance & Repairs 6,787 16,099 25,000 64% Water Testing - 764 1,000 76% TOTAL MAINTENANCE & SUPPLIES 17,270 48,312 68,000 71% UTILITIES Electricity 7,774 17,066 30,000 57% TOTAL UTILITIES 7,774 17,066 30,000 57% TOTAL EXPENSES 28,461 73,762 111,720 66% REVENUE LESS EXPENSE (DEFICIT) (7,243) (9,273) (35,770) 26% - August 17, 2017
Meeting Minutes July 28, 2017
The meeting of the Mountain Meadows Mutual Water Company was called to order at 7:00 PM by Bill Archibald, president.
Present
Board Members- Bill Archibald, David Richman, Blair Hafner and Hal Cady. Absent, Christopher Kline.
Approval of Minutes
The Minutes of the last meeting were read and approved by the board.System Report
The telemetry was upgraded. David explained the new ability to monitor and operate the entire system via the internet.
Water tanks 1 and 2 were inspected and tank 1 had sediment removed. The tanks were chlorinated after cleaning.
There were problems reading one resident’s meter. Contact will be made to correct the issue.
The ground water levels on the three wells in use showed a slight improvement. The levels are as follows:
July 2017 January 2017 October 2015
Well 1- 18.6 feet 33.4 feet 31.4 feet
Well 3- 47.1 feet 48.1 feet 54.9 feet
Well 5- 101.7 102.1 feet 136.4 feet
These numbers are the measurement from ground level to top to the ground water level.
Financial
Overall we are within our allocated budget.
Revenues 57%
Administrative Expenses 36%
Maintenance, Supplies, Depreciation 46%
Utilities 31%
60,000 dollars was transferred from Operating funds to Reserve funds.
We are selling water to RACE Communications and ORMAT Geothermal.
Several customers are behind in payments and we are working to collect monies owed.
Discussion
The board discussed several customers’ requests for adjustments due to leaks, hardships, etc. Board will decide on case by case bases.
Resident complained of low water pressure. The problem was handled by David.
Brush is being cleared by wells and tanks.
Notice was sent to owners to remove brush by meters. If not cleared MMMWC will have the brush removed for a charge.
Water usage is up from last year. 3,584,000 this year compared to 2,890,000 at this time last year.
Annual meeting will be some Saturday in October depending on the availability of the Community Center. The meeting will be announced by flyer.
Meeting adjourned at 7:50PM- August 14, 2017
Annual Meeting - Hold the Date!
October 21st at 9:00am
Crowley Lake Community Center- July 28, 2017
- Quarterly Financials
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 16,555 32,136 75,000 43% Hook Up fees 10,000 10,000 - Commercial Water Sales 250 375 - Late Charges 32 186 450 41% Interest Income 313 614 500 123% Miscellaneous Income (40) (40) - TOTAL REVENUES 27,110 43,271 75,950 57% ADMINISTRATIVE EXPENSES Uncollectible Receivables - - Accounting Services 1,130 2,141 5,700 38% Insurance 955 1,426 3,200 45% Legal Services - - 1,000 0% Office Supplies & Postage 256 432 1,600 27% Taxes 25 25 825 3% Telephone 470 941 1,395 67% TOTAL ADMINISTRATIVE EXPENSES 2,836 4,965 13,720 36% MAINTENANCE & SUPPLIES Depreciation Expense 10,483 20,966 42,000 50% Maintenance & Repairs 4,125 9,313 25,000 37% Water Testing 764 764 1,000 76% TOTAL MAINTENANCE & SUPPLIES 15,372 31,043 68,000 46% UTILITIES Electricity 4,994 9,292 30,000 31% TOTAL UTILITIES 4,994 9,292 30,000 31% TOTAL EXPENSES 23,202 45,300 111,720 41% REVENUE LESS EXPENSE (DEFICIT) 3,908 (2,029) (35,770) 6% Replacement Fund Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 20,289 20,289 81,155 25% TOTAL REVENUES 20,289 20,288 81,155 25% EXPENSES Well Repair/Upgrades - - Water Line Repairs/Replacement - - - TOTAL EXPENSES - - - TOTAL EXPENSES - - - REVENUE LESS EXPENSE (DEFICIT) 20,289 20,288 81,155 25%