News from 7/8/21 to 9/1/21

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September 1, 2021

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 9:00 a.m. on Saturday, October 16, 2021 for the following purposes:

1. President’s opening remarks.

2. Approve the minutes of the 2020 annual meeting.

3. Review financial status, capital expenditures and financial needs.

4. Provide update on wells and system

5. Discuss water conservation policies and rate structure

6. Discuss any other business that comes before the Shareholders.

7. Elect new Board of Directors.

Only the Shareholders of record at the close of business on October 15, 2021 will be entitled to vote at the meeting.

PROXY

The undersigned owner(s) of Lot no. _____________, Mountain Meadows Mutual Water Company acknowledge the receipt of a copy of the notice of Annual Meeting and hereby appoint___________________________________________, as proxy of the undersigned, with full power of substitution, to vote the membership unit standing in the name of the undersigned at the Annual Meeting of the members of the Mountain Meadows Mutual Water Company, to be held Saturday, October 16, 2021 at 9:00a.m. and any adjournment or adjournments thereof, upon such matters as may properly come before the meeting.

DATED:______________________

SIGNED:_________________________________

ADDRESS:_______________________________________

PLEASE RETURN TO MMMWC, P.O. BOX 5038 MAMMOTH LAKES, CA 93546

Or Scan and Email to info@butnerhoaservices.com

PLEASE REGISTER/UPDATE YOUR E-MAIL ADDRESS AT WWW.MOUNTAINMEADOWSWATER.COM
August 30, 2021

Water Sales

Some of you have noticed the increase in traffic of water tenders. The MMMWC has been selling water for various construction projects.

The system has four operational wells. Wells 3 and 5 are used for our water needs. Wells 1 and 4 are used only for emergency purposes due to water standards. The aquifers between wells 3 and 5 and wells 1 and 4 appear unconnected, based on water samples and drawdown tests. Pumping from wells 1 and 4 have no impact on the ground water levels at wells 3 and 5.

Based on the location of wells 1 and 4, there is only one other well in the area that appears to be on the same aquifer. That well is and continues to be off-line.

The MMMWC monitors ground water levels in its wells. Wells 3 and 5 remain within their historical levels. Wells 1 and 4 water levels have increased substantially over the last ten years and recover quickly following pumping.

Financially, the sale of water also behooves the company. Rates have remained at the same level for many years. Over the last year, we have spent approximately $100,000 in capital improvements. The sale of the water negates the need to raise rates.

In addition, by minimizing the distance the water tenders have to travel ultimately reduces the number of units necessary to provide water for these projects, thus reducing the diesel particulate emissions.

July 10, 2021
FINANCIALS
   Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    17,509   34,239   75,000  46%
Hook Up fees   5,500   5,500   -   
Commercial Water Sales   -   250   -   
Late Charges    200   334   450  74%
Bulk Water Loads   33,875   33,875     
Interest Income   441   1,126   500  225%
TOTAL REVENUES    57,525   75,324   75,950  99%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,076   2,103   5,700  37%
Insurance    2,649   3,273   3,200  102%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   551   1,118   1,600  70%
Taxes   25   25   825  3%
Telephone   765   1,372   1,850  74%
TOTAL ADMINISTRATIVE EXPENSES    5,066   7,891   14,175  56%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   17,208   34,416   42,000  82%
Maintenance & Repairs   11,032   16,112   25,000  64%
Water Testing   1,028   1,316   1,000  132%
TOTAL MAINTENANCE & SUPPLIES    29,268   51,844   68,000  76%
         
UTILITIES          
Electricity    5,796   9,979   25,000  40%
TOTAL UTILITIES    5,796   9,979   25,000  40%
          
TOTAL EXPENSES    40,130   69,714   107,175  65%
         
REVENUE LESS EXPENSE (DEFICIT)    17,395   5,610   (31,225) -18%
          
         
July 9, 2021

Mountain Meadows Mutual Water Company
Board Meeting
July 4, 2021

Opening
The meeting of the Mountain Meadows Mutual Water Company was called to order at 9:30 AM by Bill Archibald, President.
Members Present
Board Members Present- Bill Archibald, David Richman, Blair Hafner and Hal Cady.
Board Meetings
President Bill Archibald stated that there will be a monthly Board meeting until further notice. The next meeting date was set for August 6, 2021.
Yearly Water Board Meeting
Blair is going to contact Mono County for availability of Crowley Lake Community Center for a Yearly Meeting in October.
The Board then entered into a closed session to discuss a legal matter.
Board finished Discussion of legal matter.

Adjournment
Meeting adjourned at 9:45AM

July 8, 2021

Hold the Date

The annual general meeting for the Mountain Meadows Mutual Water Company will be held at the Crowley Lake community center on October 16th at 9:00am.

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