Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 5 | THE FORMER BOARD CHAIRMAN MADE AN UNAUTHORIZED TRANSFER OF ASSOCIATION FUNDS IN THE AMOUNT OF 55,000 TO A PERSONAL BUSINESS ACCOUNT IN ORDER TO COVER A PENDING DISBURSEMENT TRANSACTION. THE TRANSFER WAS WITHDRAWN FROM THE ASSOCIATION ACCOUNT ON JULY 8, 2013 AND REDEPOSITED INTO THE ASSOCIATION ACCOUNT ON JULY 12, 2013 (5 DAY TIME FRAME). THE INDIVIDUAL HAS SINCE RESIGNED FROM THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ASSOCIATION CONSISTS OF MEMBER/USERS OF THE WATER SYSTEM WHO COLLECTIVELY PARTICIPATE IN THE USE OF THE WATER SERVICE PROVISION OF THE ASSOCIATION. |
| FORM 990, PAGE 6, PART VI, LINE 7A | ALL ASSOCIATION MEMBER HOUSEHOLDS ARE ENTITLED TO ONE VOTE AT ALL MEMBERSHIP MEETINGS. IN ADDITION, ANY INDIVIDUAL FROM THAT HOUSEHOLD CAN RUN FOR ELECTION TO THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE ASSOCIATION HAS OUTSOURCED THE MANAGEMENT OF THE ASSOCIATION TO A MANAGEMENT COMPANY BUT ALL MATERIAL TRANSACTIONS MUST BE APPROVED BY THE BOARD. THE MEMBERS OF THE BOARD REVIEW INTERIM FINANCIAL ACTIVITY AT REGULARLY SCHEDULED MEETINGS. BOARD MEETING MINUTES, WHICH INCLUDE STATUS OF FINANCES, ARE RECORDED AND APPROVED ACCORDINGLY. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS SUBMITTED IN DRAFT FORM TO THE BOARD OF THE ASSOCIATION TO BE APPROVED BEFORE FILING. ONCE THE BOARD MEMBERS HAVE COMPLETED THEIR REVIEW AND ANY QUESTIONS ARE RESOLVED AND APPROVED, THE APPROPRIATE 990 FILING FORM IS SIGNED BY THE CHAIRMAN OF THE BOARD OR TREASURER IN ORDER THAT THE FILING MAY BE SUBMITTED IN ITS APPROVED FORM. |
| FORM 990, PAGE 6, PART VI, LINE 19 | ALL GOVERNING DOCUMENTS ARE HELD BY THE MANAGEMENT COMPANY AND ARE AVAILABLE TO THE GENERAL PUBLIC. |
| FORM 990, PART IX, LINE 11G | OPERATING SUPPLY AND REPAIRS 14,458 0 0 UTILITIES AND TELEPHONE 2,011 0 0 WATER PURCHASED 69,486 0 0 MISCELLANEOUS 1,613 0 0 DUES AND SUBSCRIPTIONS 650 0 0 OTHER - ROUNDING 2 0 0 |
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