News from 10/31/15 12:00am to 4/14/16 12:00am

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April 14, 2016

Board Meeting May 17, 2016 7:00 PM

A Board meeting will be held at the home of President Bill Archibald, 297 Sierra Springs Dr. Crowley Lake, to discuss implementing the stage 2 drought water restrictions. Please RSVP to Bill at (760) 935-4991 if you plan to attend. Depending upon the number of attendees, the date and location of the Board meeting may change.

At the general meeting last December, the Board adopted but did not implement the stage two restrictions. Last year we barely met the State mandated reduction. Early in the season, assisted by rainfall, our reductions exceeded the requirement. However, in August and September, our usage skyrocketed. We barely met the required reduction, risking a fine and limited outdoor irrigation to two days a week.

The following table outlines our rate structures for single family residents, with all other users adjusted accordingly.

Standard Rates

Drought Stage 1

Drought Stage 2

Base Rate/ included Gallons

$65/month 160,000 gallons

$65/month 160,000 gallons

$65/month 160,000 gallons

Tier 1

160,001-260,000 $5.00/1000 gallons

160,001-260,000 $10.00/1000 gallons

160,001-210,000 $10.00/1000 gallons

Tier 2

260,001-360,000 $7.50/1000 gallons

260,001-360,000 $15.00/1000 gallons

210,001-310,000 $20.00/1000 gallons

Tier 3

360,001 and above $10.00/1000 gallons

360,001 and above $20.00/1000 gallons

310,001 and above $30.00/1000 gallons

The goal is to reduce consumption, avoid a fine from the state and also avoid being forced to water a maximum of two times each week. The easiest solution is for those in the upper ranges of water usage to further reduce their usage. If that does not happen then the rest of the company must cut back to meet state requirements.

Please: stop watering between 10AM and 5 PM. Shut down watering when it is raining. We need the cooperation of the entire company to meet our goals.

Bill Archibald, President, MMMWC

April 14, 2016
Quarterly Financials
         
    Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    15,103   15,103   75,000  20%
Hook Up fees   -   -   -   
Commercial Water Sales   200   200   -   
Late Charges    235   235   450  52%
Interest Income   197   197   500  39%
Miscellaneous Income   -   -   -   
TOTAL REVENUES    15,735   15,735   75,950  21%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,036   1,036   5,700  18%
Insurance    711   711   3,200  22%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   204   204   1,600  13%
Taxes   -   -   825  0%
Telephone   178   178   720  25%
TOTAL ADMINISTRATIVE EXPENSES    2,128   2,128   13,045  16%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   10,483   10,483   42,000  25%
Maintenance & Repairs   3,832   3,832   25,000  15%
Water Testing   -   -   1,000  0%
TOTAL MAINTENANCE & SUPPLIES    14,315   14,315   68,000  21%
         
UTILITIES          
Electricity    4,083   4,083   25,000  16%
TOTAL UTILITIES    4,083   4,083   25,000  16%
          
TOTAL EXPENSES    20,526   20,526   106,045  19%
         
REVENUE LESS EXPENSE (DEFICIT)    (4,791)  (4,791)  (30,095) 16%
         
January 13, 2016
Financial Reports- Quarter ending 12/31/15
         
    Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    29,228   77,906   72,845  107%
Hook Up fees   -   10,000   -   
Commercial Water Sales   100   500   -   
Late Charges    185   666   450  148%
Interest Income   159   510   50  1020%
Miscellaneous Income   -   -   -   
TOTAL REVENUES    29,672   89,582   73,345  122%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   561     
Accounting Services   1,084   5,104   5,700  90%
Insurance    711   2,813   4,500  63%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   678   1,657   1,600  104%
Taxes   -   825   825  100%
Telephone   177   686   720  95%
TOTAL ADMINISTRATIVE EXPENSES    2,649   11,646   14,345  81%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   10,483   41,932   69,836  60%
Maintenance & Repairs   4,104   21,532   25,000  86%
Water Testing   -   764   1,000  76%
TOTAL MAINTENANCE & SUPPLIES    14,587   64,228   95,836  67%
         
UTILITIES          
Electricity    5,677   19,684   33,000  60%
TOTAL UTILITIES    5,677   19,684   33,000  60%
          
TOTAL EXPENSES    22,912   95,558   143,181  67%
         
REVENUE LESS EXPENSE (DEFICIT)    6,760   (5,976)  (69,836) 9%
         
December 18, 2015

Mountain Meadows Mutual Water Company
Annual Meeting Minutes
December 2, 2015

Opening
The meeting of the Mountain Meadows Mutual Water Company was called to order at 7:02 on December 2, 2015 by Bill Archibald , president.

Present
Board Members- Bill Archibald, David Richman, Blair Hafner, Christopher Klein, Hal Cady. Also Present Rick LaBorde, Cynthia Cady.

Approval of Minutes
The minutes from the last annual meeting where read and approved by the board.

President Opening remarks
The Mountain Meadows Mutual Water Company met the State mandated 25% reduction in water use, so there will be no mandatory two day a week watering.
Two new houses were started this summer and they were charged Five Thousand dollars each for connection/hook-up to the water system.
There was a Structure Fire in the MMMWC, a first. It was decided by the Board that the amount of water used by the Fire Department to extinguish the fire would count as water usage and applied toward the resident’s annual usage amount.
The telemetry was changed to the pumps allowing us to take advantage of reduced Edison rates. (Change the time pumps are run).
MMMWC contracted with a company to inspect the pipelines, no leaks were detected.
There were several complaints from new property owners about them having to pay for water use overages. The new owner is responsible for the overages and the issue should be addressed in escrow.

Financial Report
There is currently $98,582 in the operating account.
There is $20,400 in cash assets
Twenty people went over their 160,000 gallon water allotment for a total excess usage charge of $14,250. For comparison: Last year 38 people went over their allotment for $22,000 and the year before that it was 51 people over for $26,000. The excess charges were also increased for this last year.

System Report
All wells and systems are working normally.
Changed the pumping hours to save on Edison costs. Had problem with well 5’s telemetry problem fixed.
There was not much change in the wells’ water levels from a year ago.
Well 1 and 4, not used except in emergencies.
Well 3, static 61.5 feet. Draw down (pumping) 216 feet.
Well 5, static 136 feet. Draw down (pumping) 380 feet.
Water conservation measures by owners was good for most of the year, but the months of August and September saw a large water usage increase that almost put us over the State mandated 25% water use reduction.
Discussed problem with pop off valve on hill. Gravel and pumice caused valve to stick open. Valve will be cleaned bi-monthly to try and solve problem.
MMMWC Passed the yearly water quality test, good water quality.

Rate Discussion
There will be no increase in the base rate increase this year.
The board proposed and approved a level two drought contingency to the water rate use tiers. The decision to implement will happen early next spring. The new tiers are as follows:
Base 0-160,000 gallons $65 per month
1st Tier 160,001-210,000 gallons. Rate of $10 per thousand gallons used.
2nd Tier 210,001-310,000 gallons. Rate $20 per thousand gallons used.
3rd Tier 310,001-400,000 gallons. Rate $30 per thousand gallons used.
The condos will have their tiers adjusted accordingly.
Election of Board members
With the members present and the proxies received, there was not a quorum to hold the election. The board will remain the same.
The meeting was adjourned at 7:58PM

October 31, 2015

NOTICE OF ANNUAL MEETING

OF THE SHAREHOLDERS OF MOUNTAIN MEADOWS MUTUAL WATER COMPANY, A CALIFORNIA CORPORATION.

NOTICE IS HEREBY GIVEN that the Annual Meeting of the Shareholders of the Mountain Meadows Mutual Water Company (“MMMWC”) will be held at the Crowley Lake Community Center at 7:00 p.m. on Wednesday, December 02, 2015 for the following purposes:

1. President’s opening remarks.
2. Approve the minutes of the 2014 annual meeting.
3. Review financial status, capital expenditures and financial needs.
4. Provide update on wells and system
5. Discuss water conservation policies/emergency drought rates
6. Rate discussion and changes.
7. Discuss any other business that comes before the Shareholders.
8. Elect new Board of Directors.

Only the Shareholders of record at the close of business on December 01, 2015 will be entitled to vote at the meeting.

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