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FORM 990, PAGE 6, PART VI, LINE 7A | EACH MEMBER RECEIVES A WATER RIGHT. THE MEMBERS ELECT THE BOARD AT THE ANNUAL GENERAL MEETING. |
FORM 990, PAGE 6, PART VI, LINE 7B | EACH MEMBER THAT HOLDS A WATER RIGHT HAS A RIGHT TO VOTE IN THE ANNUAL GENERAL MEETING. THIS VOTE INCLUDES THE ELECTION OF THE BOARD OF DIRECTORS. MEMBERS ALSO VOTE ON ANNUAL BUDGET. MINUTES ARE TAKEN AND APPROVED AT A SUBSEQUENT MEETING OF THE GOVERNING BODY. |
FORM 990, PAGE 6, PART VI, LINE 11B | BOARD OF DIRECTORS REVIEWS 990 PRIOR TO FILING OF TAX RETURN. |
FORM 990, PAGE 6, PART VI, LINE 15A | GENERAL MANAGER AND OFFICE MANAGER COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. |
FORM 990, PAGE 6, PART VI, LINE 15B | THE GENERAL MANAGER COMPENSATION IS HOURLY AND RATE OF PAY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. THE BOARD RECEIVES A STIPEND FOR ATTENDING BOARD MEETINGS. THERE IS NO OTHER COMPENSATION FOR OFFICERS. |
FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE TO PROSPECTIVE MEMBERS AND MEMBERS UPON REQUEST. ANNUAL FINANCIAL STATEMENTS ARE MADE AVAILABLE TO ITS MEMBERS AT THE ANNUAL MEETING AND UPON REQUEST. |
FORM 990, PART XI, LINE 9 | SALE OF MEMBER SHARES 176,000 SALE OF ADDITIONAL EQUIVALENT RESIDENTIAL UNITS 286,000 TOTAL 462,000 |
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