Cypress Valley Water Supply Corp

“Form 990, part vi, section a, line 6: line 6 explanation - the corporation is a member owned nonprofit water corporation. There is only one class of memberships. There are approximately 450 members. Annually officers are elected from the membership to serve for a three year period.”

“Form 990, part vi, section a, line 7a: line 7a explanation - the corporation is a member owned nonprofit water corporation. There is only one class of memberships. There are approximately 450 members. Annually officers are elected from the membership to serve for a three year period.”

“Form 990, part vi, section a, line 7b: line 7b explanation - changes to the bylaws would require membership approval. Day to day operations do not require membership approval.”

“Form 990, part vi, section b, line 11b: line 11b explanation - board president signs the tax return for the water corporation. Form 990 is available for the board members to review at a monthly board meeting.”

“Form 990, part vi, section b, line 12c line 12c explanation - there is no written agreement with the board member and the water supplycorporation. Conflict of interest is discussed in board meetings. For new members on the board, continuing education has to be obtained within 90 days of election.”

“Form 990, part vi, section c, line 19: documents available to members, and to the public upon request.”

“Permit & fees 7,355 0 0 lab fees 5,404 0 0 chlorine 4,435 0 0 postage 4,381 0 0 water purchased 3,617 0 0 professional services 2,550 0 0 mileage 1,615 0 0 bank charges 287 0 0 total 29,644 0 0”

“Membership fees 950 membership dues 0 total 950”