Brentwood Water Corporation

“During the short tax year, the board of directors took a vote with the members present at the annual meeting. It was brought up for vote and passed that the corporations tax year change from fiscal year end april 30 to june 30.”

“A membership in the organization must be obtained in order to obtain services from the corporation. Each member then has a vote at the corporations annual meeting. Membership fees are refundable when the member no longer requires the services of the corporation.”

“At the annual meeting each year the members elect a new board of directors, vote on by-law changes, if any, and approve any other matters that may come before the members.”

“Changes in the by-laws of the corporation must be approved by the members at an annual meeting of the members.”

“The organizations form 990 is presented to the board at a board meeting by the accountant (tax preparer) before it is filed with the internal revenue service. Board members review the return with the accountant and approve the signing by the chairman of the board.”

“The top management and officers compensation is reviewed and set by the board of directors.”

“All employee salaries and wages are reviewed by the board of directors. Salaries, wages and bonuses are all set by the board.”

“The organization makes its form 990 and financial statements available to its members and the public by request at a nominal copying charge. The corporation has no written conflict of interest policy. Available upon request”

“Increase in memberships - 10,175”

“Security administration fees - 185.small proj engineering fees - 3,574.”

“Other program services per overflow schedule attached.other administrative and general expenses per overflow schedule attached.”

“Part x, line 2: the organization has received a tax determination letter from the internal revenue service and is exempt from federal and state income tax pursuant to section 501(c)(12) of the irs code. As such, only unrelated business income is subject to income tax. The organization is not classified as a private foundation.the organization follows authoritive guidance which requires the organization to evaluate its tax position for any uncertainties based on the technical merits of the position taken. The organization recognizes the tax benefit from and uncertain tax position only if it is more likely than not that the tax position will be upheld on examination by taxing authorities. As of april 30, 2018, the organization does not believe it has any uncertain tax positions. Change in water co-op memberships”