News from 8/24/16 12:00am to 10/29/16 12:00am
- October 29, 2016
Annual Meeting
MOUNTAIN MEADOWS MUTUAL WATER COMPANY
Annual Meeting
October 22, 2016
Opening
The meeting of the Mountain Meadows Mutual Water Company was called to order at 9:05 AM by Bill Archibald, president.Members Present
Board members present – Bill Archibald, David Richman, Blair Hafner, Christopher Klein and Hal Cady. Lot owners present- Kitty Van Stelle, Rick LaBorde
President Comments
NoneVote for Board Members
There were 7 members present and 12 proxies submitted. This was not enough for a quorum. The board voted 5-0 to keep the same board.Water System Status
The water system is OK and is up and operating with no issues.
A lighting event occurred at well 5 which knocked out the telemetry system to that well. The damage was repaired and the system is up and operational.
The main waterline was replaced along a portion of Crowley Lake Dr. to move the line from private property and place it along the roadway. One fire hydrant was also replaced during this move.Water System Status Continued
The water tanks are scheduled to be cleaned in late spring to remove accumulated sediment.
Well water levels- Wells 1 and 4 remain the same, they are not in use at this time. Well 3 is at 52.2 feet, a drop from 50.1 feet from last year. Well 5 is at 136.2 feet, a drop from 135.6 feet last year.
Water usage- Water usage was up from last year. About 15 million gallons of water was used this year, and 31 water users were charged extra fees. Last year about 11 million gallons of water was used and 20 users were charged extra fees.
The new water rates went into effect on October 1st. See the web site for the new rates.Financial Status
There is currently $350,000 in savings, with $45,000 committed to outstanding bills.New Business
Three new houses are under construction and will be added to the system.
Advised membership of the status of a disputed bill. This bill has been settled by the board.
The board discussed policy issues and responsibilities of the Company and shareholders, pursuant to the website and the board meeting of April 2012.
The board made a motion (Cady) and seconded it (Klein) to reaffirm and further clarify those responsibilities. The Board approved 5-0. (See the web site.)
The next annual meeting date was discussed and tentatively set for the first week in October. The exact date will be determined at a later date.
The meeting adjourned at 1013PM- October 19, 2016
- Quarterly Financials
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 17,705 50,424 75,000 67% Hook Up fees 5,000 10,000 - Commercial Water Sales 390 690 - Late Charges (275) 226 450 50% Interest Income 256 672 500 134% Miscellaneous Income - - - TOTAL REVENUES 23,076 62,011 75,950 82% ADMINISTRATIVE EXPENSES Uncollectible Receivables - - Accounting Services 1,696 3,877 5,700 68% Insurance 471 1,829 3,200 57% Legal Services 5,425 5,475 1,000 548% Office Supplies & Postage 622 1,088 1,600 68% Taxes 800 825 825 100% Telephone 177 532 720 74% TOTAL ADMINISTRATIVE EXPENSES 9,191 13,626 13,045 104% MAINTENANCE & SUPPLIES Depreciation Expense 10,483 31,449 42,000 75% Maintenance & Repairs 8,960 16,662 25,000 67% Water Testing - 764 1,000 76% TOTAL MAINTENANCE & SUPPLIES 19,443 48,875 68,000 72% UTILITIES Electricity 7,526 16,232 25,000 65% TOTAL UTILITIES 7,526 16,232 25,000 65% TOTAL EXPENSES 36,159 78,734 106,045 74% REVENUE LESS EXPENSE (DEFICIT) (13,083) (16,723) (30,095) 56% - September 8, 2016
Board Meeting Minutes
David provided an update of the system, with everything operating. Replacement of the main on Crowley Lake Drive is progressing.
The Board adopted the new rate structure, effective October 1st, on a vote of four to one.
The Board approved unanimously any and all collection activities, as outlined in the bylaws, to collect an outstanding debt by a member.
The meeting was adjourned at 8:20 p.m.
- September 1, 2016
Fall is here!
With shorter and cooler days, along with the "fall like" nighttime
temperatures, now is the perfect time to start reducing your outside
irrigation with the intent of all watering being completed by October
1st; so your sprinklers can be blown out.It is also a good time to check your meter pit for additional
insulation, bringing the dirt level up to the outside rim. Over time,
the dirt may erode and with freezing temperatures and little snow on
the ground, your meter may freeze.- August 24, 2016
Board Meeting
There will be a Board meeting on September 8th, at 7:45pm,to be held at the community center.
The agenda will include:
System update.
Consider adoption of previously released rate structure.
Authorize legal counsel to proceed with a Superior Court action to collect an assessment/repair bill from a current member.