News from 9/1/21 to 10/23/21

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October 23, 2021

Annual Meeting October 16, 2021
Mountain Meadows Mutual Water Company

Opening
The Annual meeting of the Mountain Meadows Mutual Water Company was called to order at 9:03 AM by David Richman.

Members Present
Board Members David Richman, Blair Hafner and Hal Cady.

Owners Present
Kitty Van Steele

Minutes
A motion was made to approve the minutes of the October 17, 2020 Annual Zoom meeting by Blair Hafner, seconded by David Richman. Board unanimously approved the minutes.

Financial Status
The MMMWC has nearly $800,000.00 dollars in the bank. MMMWC has made $62,000.00 in additional income this year by selling water for construction projects. Because of the additional income from commercial sales, the water rates will remain the same as last year. However, we need to keep in mind that portions of the system are over 40 years old and will need replacement and upgrades in the future.

Wells and system
Wells 3 and 5 are operating fine and the ground water levels remain about the same as last year. The uranium levels in wells 1 and 4 have tested below the maximum allowable level for uranium and the MMMWC will be filing the paperwork to get the wells recertified for use by the proper water agencies. Issues with the radio system with the water meters have been resolved and they are up and operational. The emergency generator is up and running.
There have been issues with the quality of the power provided by SCE which is causing problems with some of the well controls. David is monitoring the situation. Solar panels are being installed at wells 3 and 5 along with the generator to keep batteries charged during power failures.

Update of the operational manual
Tim Rudolph is working on updating the MMMWC’s operational manual. When completed the operation manual will be more user friendly and will decrease David Richman’s workload and allow for an easier change of management if David should ever retire.

Water conservation
Water usage was up 10% this year. There were 46 supplemental billings totaling $61,000.00 as compared to 51 supplemental billings totaling $34,000 last year.
If next year remains a dry year, the state, may enforce water rationing so pray for rain or snow.

The board discussed the water overage use billing with a homeowner.

Elections
The Proxies were counted, and a quorum was not reached. All board members agreed to remain on the Board. David Richman was elected President, Hal Cady will remain as Secretary and Blair Hafner will remain member at large.

The meeting was adjourned at 9:55 AM.

October 14, 2021
September Financials
         
    Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    33,568   67,807   75,000  90%
Hook Up fees   -   5,500   -   
Commercial Water Sales   28,414   62,539   -   
Late Charges    (485)  (151)  450  -34%
Interest Income   264   1,389   500  278%
TOTAL REVENUES    61,761   137,084   75,950  180%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,043   3,146   5,700  55%
Insurance    -   3,273   3,200  102%
Legal Services   2,382   2,382   1,000  238%
Office Supplies & Postage   723   1,841   1,600  115%
Taxes   -   25   825  3%
Telephone   765   2,137   1,850  116%
TOTAL ADMINISTRATIVE EXPENSES    4,913   12,804   14,175  90%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   17,208   51,625   42,000  123%
Maintenance & Repairs   26,812   42,924   25,000  172%
Water Testing   366   1,682   1,000  168%
TOTAL MAINTENANCE & SUPPLIES    44,386   96,231   68,000  142%
         
UTILITIES          
Electricity    9,427   19,406   25,000  78%
TOTAL UTILITIES    9,427   19,406   25,000  78%
          
TOTAL EXPENSES    58,726   128,441   107,175  120%
         
REVENUE LESS EXPENSE (DEFICIT)    3,035   8,643   (31,225) -28%
          
          -
September 30, 2021

Mountain Meadows Mutual Water Company
September 27, 2021 Board Meeting

Opening
The Zoom meeting of the Mountain Meadows Mutual Water Company was called to order at
4 PM by David Richman
Members Present
Board Members Present- David Richman, Blair Hafner and Hal Cady.
Minutes
The minutes of the July 4,2021 were approved by the board.
Resignation
President Bill Archibald resigned his position on the board effective September 1, 2021.
Sierra Meadows Development
An e-mail was sent to the board by a resident concerned that the remaining Sierra Meadows lots were going to be sold and built as Condos. They asked if the water Company would have enough pumping capacity to supply the change. Board member Richman replied to the E-mail the board position is that each lot had one share for one resident equivalency unit (REU). The water system only has sufficient water to handle the existing and allocated shares at buildout. Any more shares would require a new well, of sufficient capacity and water quality to be paid for by the applicant.
Replacement for Bob Lavagnino
Bob’s last day is October 1, 2021. Bob will be replaced by Clay Murray of Aqueous Solutions.
Water Permit from Mono County
The County has issued the MMMWC a new permit. MMMWC is currently working with the County on updating some incorrect information in the permit.
Water Sales
The Water sales will continue for road projects in the area for about another month. The Sales have added about $20,000/month to the general fund.
Meeting adjourned at 4:15PM

September 21, 2021

Board Meeting

A Board meeting will be held on Monday September 27th at 4:00pm via zoom. If you would like to attend, please request a link from the Board at Board@mountainmeadowswater.com

The agenda is review and preparation for the annual meeting to be held in October.

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

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