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