Little River Water and Sewerage Company

“The company is organized as a nonprofit member-owned corporation. Each new member is required to pay a $10 certificate fee to obtain utility service.”

“All members of the board of directors are elected by the members of the company.”

“Changes to the bylaws and election of the board of directors are the only decisions that are subject to a vote by the members of the company for approval.”

“The board of directors received copies of the completed 990 and reviewed prior to the filing of the return.”

“A copy of the conflict of interest policy shall be furnished to each director and professional staff of the corporation. Directors and professional staff designated by the president shall certify annually that they are in compliance with the policy by signing the acknowledgement and returning it to the executive director. Directors and professional staff are required to disclose to the board any known circumstances creating an actual or potential conflict of interest. In the event there is doubt as to whether a proposed transaction is a conflict of interest, the issue shall be resolved by a vote of the board of directors without the participation of the director concerning whose situation the doubt has arisen.”

“The company determines the rate of pay for positions based on a combination of experience, education and utilizing wage surveys conducted by the south carolina rural water association and the municipal association of south carolina. Annual salary increases are based on performance evaluation, personal development and the rate of inflation.”

“All governing documents, financial statements and other items available for public inspection are available upon request from the office located at 2375 highway 111, little river, sc 29566. Various information may also be accessed for public inspection using the organization's website.”