Folsom Lake Mutual Water Company


DRAFT

Subject: Minutes from 11/13/01 Annual Members Meeting

The Annual Folsom Lake Mutual Water Company (FLMWC) meeting was held in the Granite Bay Library at 7:30 pm, on November 13, 2001. The Board Members present were Alan Johnston, Barry Hale, Ken Stram and Jim Billings. Jack Arnold was absent.

A sign in sheet was passed around. The other attendees were Denise and Brian Holden, and Audrey Hinge.

Alan Johnston furnished the agenda for the meeting. A copy is on file with the Secretary.

The Board Members introduced themselves. Alan provided highlights from the past year, as listed in the agenda. Barry Hale provided a review of the financial statement.

The floor was opened for public comment. The following comments and clarifications were recorded:

1. Will there be any increase in rates?
Alan responded that PCWA is going to raise rates to its customers by approximately 4% next year. Our current budget appears to be able to handle this without a rate increase to our members. The Board will review and discuss this further during the year.
2. Do we have payment delinquencies?
Audrey said that all of the invoices and payments are current.
3. Are we able to coordinate changes in property owners and receipt of payments?
Both Audrey and Barry said that the change in ownership has not been a problem.

Nominations for next years Board were presented. The nominees were elected as follows:

Alan Johnston
Barry Hale
Ken Stram
Jack Arnold
Jim Billings

The Board positions for these members will be determined at the next meeting.

The meeting was adjourned at 8:30 PM.


Submitted by Jim Billings