News from 2/20/24 12:00am to 9/16/24 12:00am

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September 16, 2024
June Financials
          
    Current  Actual Annual % of 
   Quarter  Year to Date   Budget   Budget  
REVENUES           
Water Assessments    39,111   77,322   75,000  103% 
Hook Up fees   -   -   -    
Commercial Water Sales   225   825   -    
Supplemental Water Sales   10   10      
Miscellaeous Income   (120)  -      
Late Charges    280   629   450  140% 
Interest Income   16,509   45,754   500  9151% 
TOTAL REVENUES    56,015   124,540   75,950  164% 
           
ADMINISTRATIVE EXPENSES           
Uncollectible Receivables   -   -      
Accounting Services   1,218   2,631   5,700  46% 
Insurance    -   3,416   3,200  107% 
Legal Services   -   1,000   1,000  100% 
Office Supplies & Postage   244   934   1,600  58% 
Taxes   (85)  (85)  825  -10% 
Telephone   484   961   1,850  52% 
TOTAL ADMINISTRATIVE EXPENSES    1,861   8,857   14,175  62% 
          
MAINTENANCE & SUPPLIES           
Depreciation Expense   14,507   29,014   42,000  69% 
Maintenance & Repairs   15,561   32,735   25,000  131% 
Water Testing   795   839   1,000  84% 
TOTAL MAINTENANCE & SUPPLIES    30,863   62,588   68,000  92% 
          
UTILITIES           
Electricity    9,017   15,802   25,000  63% 
TOTAL UTILITIES    9,017   15,802   25,000  63% 
           
TOTAL EXPENSES    41,741   87,247   107,175  81% 
          
REVENUE LESS EXPENSE (DEFICIT)    14,274   37,293   (31,225) -119% 
          
August 23, 2024

NOTICE OF ANNUAL MEETING AND PROXY

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, September 28, 2024 for the following purposes:

1. President’s opening remarks.

2. Approve the minutes of the 2022 annual meeting.

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

4. Provide update on wells and system

5. Discuss water conservation policies, commercial water sales and rate structure

6. System Operator status

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 September 27, 2024 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, September 28, 2024 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 6, 2024

We have chased down the water clarity issue to well 5. We will be performing some testing and adjustments to pumping paramteres over the next few days and week.

Please also understand that the clarity issue relates to an increase of pumice in the water and that water quality testing came back with no issues. We always have some pumice in the system and actually remove pumice accumulation from the tanks every four years.

Well 5 connects to the system at Sierra Springs, which is why homes in Sierra Springs are the first to notice. Some of our water is pumped multiple times, which causes aeration, which is not a water quality issue.

We do want to thank those residents that notified us of the issue, as it may take days before it is noticed in other parts of the system.

April 16, 2024
Financials
         
    Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    38,211   38,211   75,000  51%
Hook Up fees   -   -   -   
Commercial Water Sales   600   600   -   
Supplemental Water Sales   -   -     
Miscellaeous Income   120   120     
Late Charges    349   349   450  78%
Interest Income   29,246   29,246   500  5849%
TOTAL REVENUES    68,526   68,526   75,950  90%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,413   1,413   5,700  25%
Insurance    3,416   3,416   3,200  107%
Legal Services   1,000   1,000   1,000  100%
Office Supplies & Postage   690   690   1,600  43%
Taxes   -   -   825  0%
Telephone   477   477   1,850  26%
TOTAL ADMINISTRATIVE EXPENSES    6,996   6,996   14,175  49%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   14,507   14,507   42,000  35%
Maintenance & Repairs   17,175   17,175   25,000  69%
Water Testing   44   44   1,000  4%
TOTAL MAINTENANCE & SUPPLIES    31,726   31,726   68,000  47%
         
UTILITIES          
Electricity    6,785   6,785   25,000  27%
TOTAL UTILITIES    6,785   6,785   25,000  27%
          
TOTAL EXPENSES    45,507   45,507   107,175  42%
         
REVENUE LESS EXPENSE (DEFICIT)    23,019   23,019   (31,225) -74%
         
February 20, 2024
December 31, 2023 Financials
         
    Current  Actual Annual % of
   Quarter  Year to Date   Budget   Budget
REVENUES          
Water Assessments    39,111   154,345   75,000  206%
Hook Up fees   -   11,000   -   
Commercial Water Sales   -   525   -   
Supplemental Water Sales   6,810   7,135     
Late Charges    296   1,350   450  300%
Interest Income   15,523   27,398   500  5480%
TOTAL REVENUES    61,740   201,753   75,950  266%
          
ADMINISTRATIVE EXPENSES          
Uncollectible Receivables   -   -     
Accounting Services   1,974   5,954   5,700  104%
Insurance    488   3,895   3,200  122%
Legal Services   -   -   1,000  0%
Office Supplies & Postage   1,402   2,134   1,600  133%
Taxes   -   25   825  3%
Telephone   476   1,886   1,850  102%
TOTAL ADMINISTRATIVE EXPENSES    4,340   13,894   14,175  98%
         
MAINTENANCE & SUPPLIES          
Depreciation Expense   14,507   58,029   42,000  138%
Maintenance & Repairs   25,027   104,148   25,000  417%
Water Testing   88   2,657   1,000  266%
TOTAL MAINTENANCE & SUPPLIES    39,622   164,834   68,000  242%
         
UTILITIES          
Electricity    8,372   32,644   25,000  131%
TOTAL UTILITIES    8,372   32,644   25,000  131%
          
TOTAL EXPENSES    52,334   211,372   107,175  197%
         
REVENUE LESS EXPENSE (DEFICIT)    9,406   (9,619)  (31,225) 31%
         

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