News

May 21, 2019

New Meter Reading System ---

As we switch over to a new meter reading system, monthly readings may be impacted.

May 2, 2019
Quarterly Financials
         
    Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    16,057   16,057   75,000  21%
Hook Up fees   -   -   -   
Commercial Water Sales   -   -   -   
Late Charges    134   134   450  30%
Interest Income   1,458   1,458   500  292%
Miscellaneous Income   -   -   -   
TOTAL REVENUES    17,649   17,649   75,950  23%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   988   988   5,700  17%
Insurance    614   614   3,200  19%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   209   209   1,600  13%
Taxes   -   -   825  0%
Telephone   614   614   1,600  38%
TOTAL ADMINISTRATIVE EXPENSES    2,425   2,425   13,925  17%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   17,208   17,208   42,000  41%
Maintenance & Repairs   4,993   4,993   25,000  20%
Water Testing   677   677   1,000  68%
TOTAL MAINTENANCE & SUPPLIES    22,878   22,878   68,000  34%
         
UTILITIES          
Electricity    2,985   2,985   25,000  12%
TOTAL UTILITIES    2,985   2,985   25,000  12%
          
TOTAL EXPENSES    28,288   28,288   106,925  26%
         
REVENUE LESS EXPENSE (DEFICIT)    (10,639)  (10,639)  (30,975) 34%
         
February 6, 2019
Quarterly Financials
         
    Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    35,252   88,142   75,000  118%
Hook Up fees   -   5,000   -   
Commercial Water Sales   7,050   7,675   -   
Late Charges    159   484   450  108%
Interest Income   1,500   3,722   500  744%
Miscellaneous Income   -   (40)  -   
TOTAL REVENUES    43,961   104,982   75,950  138%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,271   4,407   5,700  77%
Insurance    614   2,450   3,200  77%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   168   1,179   1,600  74%
Taxes   -   825   825  100%
Telephone   315   1,522   1,600  95%
TOTAL ADMINISTRATIVE EXPENSES    2,368   10,384   13,925  75%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   10,483   41,932   42,000  100%
Maintenance & Repairs   34,280   48,449   25,000  194%
Water Testing   -   1,124   1,000  112%
TOTAL MAINTENANCE & SUPPLIES    44,763   91,505   68,000  135%
         
UTILITIES          
Electricity    4,968   22,121   25,000  88%
TOTAL UTILITIES    4,968   22,121   25,000  88%
          
TOTAL EXPENSES    52,099   124,009   106,925  116%
         
REVENUE LESS EXPENSE (DEFICIT)    (8,138)  (19,027)  (30,975) 61%
         
October 20, 2018

Annual Meeting MOUNTAIN MEADOWS MUTUAL WATER COMPANY

October 22, 2018

Opening
The meeting of the Mountain Meadows Mutual Water Company was called to order at 9:05 AM by David Richman Vice President

Members Present
Board members present – David Richman, Blair Hafner, Christopher Klein and Hal Cady. Absent-Bill Archibald. Shareholders present- Kitty Van Stelle.

Minutes
The motion for approval of the Annual October 22, 2017 was made by Chris Klein and seconded by Blair Hafner, unanimously approved 4-0.
Financial Status
As of September 30, 2018 the operating fund had $585,558. This includes the replacement fund and clients who have prepaid their water bills.
Water Rates/ Usage
The rate schedule and water tiers will remain unchanged for this year.
Water usage remained about the same as last year. As of September 2018 there were 38 water users over the first tier of water usage for a total of $11,000 in extra fees. At this time last year there were 35 water users over the first tier for a total of $8,385.00 in extra fees. The overall overage charges were greater in 2017 than 2018.

Page 2

Water System Status
All the well water levels remained relatively static during the summer. (Water level is in feet below grade).
September 2018 February 2017
Wells 1 and 4 18.2 feet 14 feet
Well 3 51.5 feet 49.3 feet
Well 5 96.5 feet 96 feet
Well 4 has a fuse blowing issue and went out of service. Also we are still waiting on parts to repair the check valve on well 4 and will evaluate what is wrong with pump 4 when the check valve has been repaired. This is a backup pump for the system.
Wells 1, 3 and five are still in service with no problems. Well 1 is also a backup pump for the system
The telemetry system is up and operating well.
Tank 1 has been drained and the rust has been ground off. We are now waiting on epoxy paint to complete the tank repairs.
Two water meters are not reading with the tap reader and one meter needs repair.
The board discussed the need to replace the current tap reader system. The reader is operating in a Windows 7 format and the company is no longer updating the system.
The new system that David would like to purchase is made by Zenner. They make three levels of meter readers and he would like to purchase the mid-level reader. This would allow the meters to be read by either walking or driving by them. The reader would provide monthly leak detection. (It stores a month of hourly water usage information in memory, but the meters are only read on a monthly basis.) The system can be upgraded to the next level at any time.
The cost to buy this system would be about $20,000.00. This would include replacing the sensors in all of the 117 water meters at the cost of $120.00 per meter and the equipment required to convert over to the new system.

Page 3
Christopher Klein made a motion to replace the existing water meter reading system to the Zenner meter reading system. The motion was seconded by Blair Hafner. The motion was passed unanimously.
Installation of the system will begin in the spring. Both systems will be used until installation of the new system has been completed.

New Business by Shareholders
None

Election of Board Members
There were 4 voting members present and 8 proxies submitted. This was not enough for a quorum. The board will remain the same.

Adjournment
The meeting was adjourned at 9:50 AM

October 18, 2018
Quarterly Financials
   Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    20,118   52,890   75,000  71%
Hook Up fees   -   5,000   -   
Commercial Water Sales   250   625   -   
Late Charges    81   325   450  72%
Interest Income   858   2,222   500  444%
Miscellaneous Income   40   (40)  -   
TOTAL REVENUES    21,347   61,021   75,950  80%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,139   3,136   5,700  55%
Insurance    614   1,836   3,200  57%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   639   1,011   1,600  63%
Taxes   800   825   825  100%
Telephone   365   1,207   1,600  75%
TOTAL ADMINISTRATIVE EXPENSES    3,557   8,016   13,925  58%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   10,483   31,449   42,000  75%
Maintenance & Repairs   5,325   14,169   25,000  57%
Water Testing   360   1,124   1,000  112%
TOTAL MAINTENANCE & SUPPLIES    16,168   46,742   68,000  69%
         
UTILITIES          
Electricity    8,585   17,152   25,000  69%
TOTAL UTILITIES    8,585   17,152   25,000  69%
          
TOTAL EXPENSES    28,310   71,909   106,925  67%
         
REVENUE LESS EXPENSE (DEFICIT)    (6,963)  (10,888)  (30,975) 35%
         

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