Lee Road Water Corporation

“Form 990, part vi, line 6 - classes of members or stockholders - every person that lee road corporation services is eligible to become a member by signing applications and agreements and paying the connection fee. Only one membership may be held with respect to property at one time. Membership certificates represent the right to use and enjoy the benefits of the corporations water supply system. If the corporation has gains from the sale of appreciated assets upon dissolution, it will distribute the gains on a pro-rata basis to all persons who were members during the period the asset was owned by this corporation, insofar as practicable.”

“Form 990, part vi, line 7a - election of members and their rights - each membership certificate represents one vote. When more than one person holds the interest in a property served, the vote shall be exercised by the person in whose name the certificate is registered. In no event shall more than one vote be cast with respect to any property. Members may call special meetings whenever a petition is signed by at least 10% of the members. Directors of the corporation shall be elected at the annual meeting of the members. Cumulative voting is not allowed. Members also have the authority to remove officers and directors from office by getting a petition signed by the 10% of the members of the corporation.”

“Form 990, part vi, line 11a - organizations process to review form 990- after receiving the tax return from the outside cpas, the board of directors reviews all tax forms in their entirety. After review, the board either recommends necessary changes or approves and files the return with the internal revenue service.”

“Form 990, part vi, line 12c - enforcement of conflicts policy - the organization monitors and enforces compliance with the conflict of interest policy by making employees and the board of directors disclose annually any interests that could give rise to conflicts.”

“Form 990, part vi, line 15a - compensation process for top officials - only employees receive compensation that is approved by the board of directors.”

“Form 990, part vi, line 15b - compensation process for officers - only employees receive compensation and it is approved by the board of directors. The board of directors contacts other water systems for their compensation scales to use as comparable data. All decisions are documented in the minutes.”

“Form 990, part vi, line 19 - governing documents disclosure explanation - no documents available to the public.”

“Form 990, part vi, line 19 - governing documents disclosure explanation - no documents available to the public.”

“Form 990, part xi, line 9 - other changes in net assets explanation - membership fees $”