San Andreas Mutual Water Company
2024 Shareholders Meeting
May 19, 2024
Meeting Agenda
(aka Presentation Contents)
Background Info
Board of Directors
�Operator of Record
Mason Weidner
&
Jasper
Office Manager
Owen Sharp
Joey : Water Dog
President’s Report
President’s Report
The State Water Board has approved a Chrome VI MCL
What is Cr(VI)?
What happens when the new MCL is adopted?
CalMutuals is engaged on this issue
We are testing POU units
Icepure system fits under the sink easily
Works on RO principles
Separate tap for water
Testing shows nitrates and Cr-6 significantly reduced
The State is thinking about PFAS next
3M Lawsuit
Are We Conserving?
Financial Report
Financial Summary
Income Statement At-A-Glance
| | | 2023 | 2022 | 2021 |
| | | (Preliminary) | | |
Revenues | | | | | |
| Water Fees | $112,867 | $119,918 | $101,947 | |
| PVWMA + Other Income | 27,715 | 15,276 | 9,951 | |
Total Revenues | | $140,582 | $135,194 | $112,701 | |
| | | | | |
Expenses | | | | | |
| Payroll and Administrative | $56,014 | $41,627 | $42,825 | |
| Operations | 101,422 | 71,822 | 98,337 | |
| Other Expenses | 800 | 800 | 800 | |
Total Expenses | | $ 158,236 | $ 114,249 | $ 141,962 | |
| | | | | |
Profit/(Loss) | | ($17,654) | $21,143 | ($29,241) | |
Balance Sheet At-A-Glance
| | | 12/31/23 | 12/31/22 | 12/31/21 |
| | | (Preliminary) | | |
Operating Cash | | $15,839 | $29,788 | $21,299 | |
Reserves | | $375,445 | $375,136 | $194,171 | |
Total Cash | | $391,284 | $404,923 | $215,470 | |
Fixed Assets | | $18,938 | $22,938 | $28,232 | |
Accounts Receivable | $0 | $0 | $0 | ||
Liabilities | | $7,956 | $5,765 | $4,809 | |
Equity | | $399,935 | $421,436 | $239,693 | |
| | | | | |
Shareholders interested in more information are encouraged to request a copy of the Annual Report (i.e., complete financial statements) by email to samwacwater@gmail.com. | |||||
Reserve Discussion
21
6/15/22
Reserve Analysis Assumptions
22
6/15/22
Wells = 40 years, $100K
Pumps = 20 years, $25K
Tanks = 50 years, $250K
Valves = 50 years, $40K
Controls = 20 years, $25K
Generator = 20 years, $60K
Meters = 25 years, $40K
Water Mains = 70 years, 4.5 miles, $4.7M+
Sheds = 50 years, $10K
Spring 2024 Reserve Analysis
23
6/15/22
| Including Water Mains | Not Including Water Mains |
Overall Replacement Cost (2024) | ~$5.8M | ~$1M |
Replacement Cost per Customer | ~$40,437 | ~$7,430 |
Reserves Needs today (2024) | ~$2.3M | ~$552K |
Reserve Deficit today (2024) | ~$1.9M | ~$177K |
Reserve Deficit per Customer | ~$13,509 | ~$1,240 |
Annual Depreciation | ~$100K | ~$30K |
Annual Depreciation per Customer | ~$700 | ~$200 |
Reserve Summary
24
6/15/22
New Payment Options
25
6/15/22
Maintenance Report
We’re very fortunate to have such good quality water, and a dedicated team to keep it flowing.
Water Quality & Testing
In the past year SAMWAC has met all State and Local water quality requirements:
Noteworthy Completed Projects
Water Security
Our water table is rising due to rains. Little effect from months of drought before the rains.
Nitrate Monitoring
Future Projects
Election Results
Thanks to our ballot proxies,Marina Chiarappa-Zucca and Sandra Hoppe, for certifying the election of:
Congratulations, and thanks to all the Directors for your continued service to the SAMWAC community!
“Whiskey is for drinking;
Water is for fighting over."�
- This quote has been attributed to Mark Twain