Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 6 | THE CORPORATE POWERS OF THIS CORPORATION SHALL BE VESTED IN A BOARD OF FIVE (5) DIRECTORS, EACH OF WHOM MUST BE A CURRENT EMPLOYEE WITH THE CITY OF POMONA, THE MAJOR STOCKHOLDER OF THE COMPANY, AND ITS OFFICERS SHALL BE A PRESIDENT, VICE PRESIDENT, SECRETARY/TREASURER. THREE (3) DIRECTORS SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. THE SECRETARY/TREASURER NEED NOT BE A MEMBER OF THE BOARD. A CORPORATION MAY ACT AS TREASURY. |
| Form 990, Part VI, Section A, line 7a | THE BOARD OF DIRECTORS SHALL ELECT FROM THEIR NUMBER A PRESIDENT AND VICE PRESIDENT. IN THE CASE OF THE INABILITY OF THE PRESIDENT TO ACT, THE VICE PRESIDENT SHALL ACT, AND IN CASE OF THE INABILITY OF EITHER THE PRESIDENT OR VICE PRESIDENT TO ACT, A DIRECTOR SHALL BE APPOINTED BY THE BOARD, WHO SHALL BE VESTED FOR THE TIME BEING WITH ALL THE POWERS AND DUTIES OF THE PRESIDENT. THE APPOINTMENT MAY TAKE PLACE VIA ELECTRONIC OR WRITTEN PROCESS. THE PRESIDENT OR THE VICE PRESIDENT, OR IN THEIR ABSENCE THE DIRECTOR APPOINTED, SHALL PRESIDE AT ALL MEETINGS OF THE STOCKHOLDERS AND DIRECTORS AND HAVE THE CASTING VOTE. THE PRESIDENT SHALL SIGN ALL CERTIFICATES OF STOCK, AND ALL CONTRACTS AND OTHER INSTRUMENTS OF WRITING WHICH HAVE FIRST BEEN APPROVED BY THE BOARD OF DIRECTORS. THEY SHALL DRAW ALL CHECKS OR WARRANTS ON THE SECRETARY/TREASURER; THEY SHALL CALL MEETINGS OF THE BOARD OF DIRECTORS AND ALSO SPECIAL MEETINGS OF THE COMPANY WHENEVER THEY DEEM IT FOR THE INTEREST OF THE COMPANY TO DO SO; AND GENERALLY SHALL DISCHARGE SUCH OTHER DUTIES AS MAY BE REQUIRED OF THEM BY THE BY-LAWS OF THE COMPANY. |
| Form 990, Part VI, Section B, line 11b | THE FORM 990 IS SUBMITTED TO THE BOARD OF DIRECTORS AND MANAGEMENT FOR REVIEW. UPON FINAL APPROVAL, THE FORM IS FINALIZED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. |
| Form 990, Part VI, Section B, line 12c | THE COMPANY FILES THE CONFLICT OF INTEREST STATEMENT WITH THE CITY OF POMONA. |
| Form 990, Part VI, Section B, line 15 | THROUGH PERFORMANCE REVIEW AND ANALYTICAL COMPARISON OF PAY RATES TO OTHER WATER COMPANIES PRESENTED TO THE CITY COUNCIL BOARD FOR APPROVAL. THE REVIEW AND APPROVAL OF COMPENSATION IS DOCUMENTED IN THE BOARD MINUTES. |
| Form 990, Part VI, Section C, line 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Form 990, Part XII, Line 2c: | THERE WAS NO CHANGE TO THE OVERSIGHT PROCESS OVER THE AUDIT OR THE SELECTION PROCESS OVER THE AUDITOR DURING THE TAX YEAR. |
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