Carmel Riviera Mutual Water Company

“Management company handles day to day operations of collecting, filtering, testing and distributing water.”

“There are 176 residences in the community that receive water service, all of which have voting rights.”

“When members of the community that receive water service volunteer to be on the board of directors, ballots are sent to the residents so they may vote to elect or not elect the volunteer to the board. Ballot also includes an option to write in nominations.”

“The residents of the community who receive water services elect board members and have the right to approve or ratify any decisions made by the board of directors.”

“There are no committees with the authority to act on behalf of the governing board.”

“Electronic copy of 990 reviewed individually by board of directors, then discussed and approved at a board meeting before filing.”

“Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest is an interested person. A person has a financial interest if the person has, directly or indirectly, through business, investment, or family: 1) an ownership or investment interest in any entity which with the organization has a transaction or arrangement; 2) a compensation arrangement with the organization or with any entity or individual with which the organization has a transaction or arrangement, or 3) a potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the organization is negotiating a transaction or arrangement. Duty to disclose: in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. Determining whether a conflict of interest exists: after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members hall decide is a conflict of interest exists.”

“All documents are available upon written request.”

“Operations labor 82,975. Professional services 775.”

“Managerial labor 41,746. Lab tests 11,111. Taxes and licenses 6,755. License & permits 5,055. Refund to customers for over pay 1,490. Bank charges 1,289. Engineering 750. Association dues 300.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”