News from 5/23/15 12:00am to 10/31/15 12:00am
- 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.
- October 15, 2015
- Quarterly Financials
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 17,178 48,678 72,845 67% Hook Up fees - 10,000 - Commercial Water Sales 400 400 - Late Charges 191 481 450 107% Interest Income 115 351 50 702% Miscellaneous Income - - - TOTAL REVENUES 17,884 59,910 73,345 82% ADMINISTRATIVE EXPENSES Uncollectible Receivables - 561 Accounting Services 1,622 4,020 5,700 71% Insurance 711 2,102 4,500 47% Legal Services - - 1,000 0% Office Supplies & Postage 384 980 1,600 61% Taxes 825 825 825 100% Telephone 175 509 720 71% TOTAL ADMINISTRATIVE EXPENSES 3,716 8,997 14,345 63% MAINTENANCE & SUPPLIES Depreciation Expense 10,483 31,449 69,836 45% Maintenance & Repairs 5,372 17,427 25,000 70% Water Testing 764 764 1,000 76% TOTAL MAINTENANCE & SUPPLIES 16,619 49,640 95,836 52% UTILITIES Electricity 5,668 14,008 33,000 42% TOTAL UTILITIES 5,668 14,008 33,000 42% TOTAL EXPENSES 26,002 72,645 143,181 51% REVENUE LESS EXPENSE (DEFICIT) (8,118) (12,735) (69,836) 18% - August 14, 2015
TURF REPLACEMENT
The Department of Water Resources (DWR) is offering a rebate program for removing turf and replacing it with low water using landscapes at California single-family residences to support the State's drought response. For more information on the program's history, go to the DWR turf site at www.water.ca.gov/turf/.
- July 20, 2015
- Quarterly Income and Expenses
Current Actual Annual % of Quarter Year to Date Budget Budget REVENUES Water Assessments 16,396 31,500 72,845 43% Hook Up fees 5,000 10,000 - Commercial Water Sales - - - Late Charges 205 290 450 64% Interest Income 114 236 50 472% Miscellaneous Income - - - TOTAL REVENUES 21,715 42,026 73,345 57% ADMINISTRATIVE EXPENSES Uncollectible Receivables 561 561 Accounting Services 1,278 2,399 5,700 42% Insurance 698 1,391 4,500 31% Legal Services - - 1,000 0% Office Supplies & Postage 324 596 1,600 37% Taxes - - 825 0% Telephone 174 334 720 46% TOTAL ADMINISTRATIVE EXPENSES 3,035 5,281 14,345 37% MAINTENANCE & SUPPLIES Depreciation Expense 10,483 20,966 69,836 30% Maintenance & Repairs 8,053 12,056 25,000 48% Water Testing - - 1,000 0% TOTAL MAINTENANCE & SUPPLIES 18,536 33,022 95,836 34% UTILITIES Electricity 4,417 8,340 33,000 25% TOTAL UTILITIES 4,417 8,340 33,000 25% TOTAL EXPENSES 25,988 46,643 143,181 33% REVENUE LESS EXPENSE (DEFICIT) (4,273) (4,617) (69,836) 7% - May 23, 2015
Leak Testing - The water company has performed a system wide leak detection test in an effort to save water. No leaks were found!