Fisherman Bay Water Assoc

“Fisherman Bay Water Association contracts with Utility Management Group Ltd. to manage the testing, repairs and maintenance of the water system.”

“Each member of the Fisherman Bay Water Association has rights to a water connection to the water system and can vote on board members.”

“Each member has the right to vote on who should be on the board of Fisherman Bay Water Association.”

“Major decisions regarding the water system would be subject to member approval and voting by the membership.”

“The 990 is provided to Richard Cade, the system manager/Vice Chairmsan for his review prior to signing.”

“Conflict of Interest PolicyEmployees and board members have an obligation to conduct business within guidelines that prohibit actual or potential conflict of interest. This policy establishes only the framework within which Fisherman Bay Water Association wishes its business to operate. The purpose of these guidelines is to provide general direction so the board members and employees can seek further clarification on issues related to the subject of acceptable standard of operation.An actual or potential conflict of interest occurs when a board member or an employee is in a position to influence a decision that may result in personal gain or gain of relative as a result of Fisherman Bay Water Associations business dealings. For the purpose of this policy, a relative is any person who is ralated by blood or marriage, or whose relationship with the board member or employee is similar to that of person who is related by blood or marriage.No presumption of a conflict of interest is created by the mere existence of a relationship with outside firms. However, if a board member or an employee has any influence on any material business transactions, it is imperative that he or she discloses to an officer of the organization as soon as possible the existence of any actual or potential conflict of interest so that safeguards can be established to protect all parties.Personal gains may result not only in cases where a board member, an employee, or a relative has a significant ownership in a firm with which Fisherman Bay Water Association does business, but also when a board member , an employee, or a relative receives any kickback, bribe, substancial gift, or special consideration as a result of any transaction or business dealings involving Fisherman Bay Water Association.”

“The board decided on the compensation for the manager of the water system Utility Management Group Ltd. by obtaining fair market value rates for these management services in the service area of the water system to determine if Utility Management Group Ltd. rates were comparable with the service level required for maintaining the water syster.”

“The board decided on the compensation for the key employees of the water system Utility Management Group Ltd. by obtaining fair market value rates for these services in the service area of the water system to determine if Utility Management Group Ltd. rates were comparable with the service level required for maintaining the water system.”

“The governing documents, conflict of interest policy and financial statements are made avialable to the public upon request.”

“List of Other Fees for Service Expenses:Meter Reading - $4,290Grounds - $2,450Water Testing - $4,112”

“List of Other Expenses:Utilities - $11,578Shipping - $282”