Myrtle Springs Water Supply Company

“Part VI - Line 6There is only one class of members. All members have the same status.Costs for both commercial and residential are based upon meter size and usage of water.The members elect the members of the governing body.The members can receive a share of the organization's profits or excess dues or a share of the organization's net assets upon the organization's dissolution.”

“Part VI - Line 7aThere is only one class of membership. All members have the same status and voting rights.The members elect the members of the governing body.”

“Annual meeting to discuss significant decisions, approve significant decisions or proposed changes, and elect governing body for the next year.”

“Part VI - Line 11aMonthly financial statements, compiled by independent accountant, are presented and discussed with governing board each month. Interaction with board, management and accountant before finalizing Form 990. Final version of the filed Form 990 is made available to the governing board at their regularly scheduled meeting.Management and signing board member review the Form 990 before filing with the IRS.”

“Director shall abstain from voting on an issue that may be deemed or interpreted by the membership as a conflict of interest.”

“Part VI - Line 15aAll hirings are reviewed and approved by the governing board. Comparability data is made available by TECQ and the discussions and decisions are documented in the minutes.”

“Part VI - Line 15bAll hirings are reviewed and approved by the governing board. Comparability data is made available by TECQ and the discussions and decisions are documented in the minutes.”

“Part VI - Line 19Governing documents are avaialble to the public upon request.”

“Reasonable Cause StatementThe CPA who has prepared the rturn for serveral years, was unable to get the electronic extension request completed, due to a problem with the computer-software. Therefore the CPA mailed an extension request as done in prio years.It is our understanding, from talking with the IRS, that the envelopes reflecting the postage stamp are no longer available. Immediate actions were taken to complete the return as soon as possible following this notification.Myrtle Springs Water Supply Company has acted with all intentions to fully comply with the IRS mandates and requirements, and respectfully requests that this information return be accepted as timely filed and that no penalties be assessed for late filing.”