Annual Meeting 2020 Your Board of Directors Initial

Annual Meeting 2020

Your Board of Directors Initial Date of Service Term Expires President - Jim Timney 3/26/2007 2020 Secretary - Selden Wasson 10/29/2001 2020 Director - Brittany Lehman 7/31/2019 2022 Director - Dennis Peat 2/27/2019 2021 Director – Eugene Sullivan 2/27/2019 2021

Agenda • Call to Order • Opening Statement • Report of Activities • Communication from Members • Submission of Ballots • Ratification of the Actions of the Board • Continuation of Meeting if Quorum is not met

Call to Order & Opening Statement

Operations Report

Service Connections 3 561 3 529 3 455 3 415 3 371 3 469 3 476 3 575

Metered Gallons 235 539 468 232 389 768 226 386 282 219 531 520 216 426 885 214 408 575 210 168 366 208 027 168

Annual System Operation Summary 2012 2013 2014 2015 2016 2017 2018 2019 Gallons Pumped 235, 377, 756 236, 256, 081 230, 005, 264 220, 464, 082 222, 034, 932 234, 756, 443 235, 182, 529 235, 350, 694 Gallons Billed 216, 426, 885 235, 539, 468 214, 408, 575 208, 027, 168 210, 168, 366 219, 531, 520 226, 386, 282 232, 389, 768 Unmetered Loss 18, 950, 871 716, 613 15, 596, 689 12, 436, 914 11, 866, 566 15, 224, 923 8, 796, 247 2, 960, 926 8. 1 0. 3 6. 8 5. 6 5. 3 6. 5 3. 7 1. 3 $307, 361 $337, 230 $343, 575 $349, 088 $325, 758 $336, 366 $375, 868 $344, 754 Electrical Cost Per 1000 Gallons $1. 42 $1. 43 $1. 60 $1. 68 $1. 55 $1. 53 $1. 66 $1. 48 Total Cost to Deliver Per 1000 Gallons $7. 62 $7. 31 $8. 12 $8. 32 $8. 19 $8. 01 $9. 97 $7. 98 New Service Connections 17 22 22 21 21 33 29 19 Total Service Connections 3371 3415 3455 3469 3476 3529 3561 3575 Average Daily Use Gallons Per Meter 176 189 170 164 166 170 174 178 Loss % Pumping Electrical Cost

Financial Report

Income Statement-Year Ended December 31, 2019 Revenue Residential Revenue Commercial Revenue Standpipe Revenue Misc. Revenue Total Revenue 2, 328, 736 136, 955 8, 622 23, 840 2, 498, 153 Operating Expense Wages and Salaries Employee Benefits and Taxes Casual Labor Capitol Costs Transferred CCC Costs Transferred Power For Pumping Repairs and Maintenance Supplies, Parts and Materials Outside Services Transportation Expense Equipment Expense Insurance Office, Other Expense Customer Relations Taxes Misc. Expense Cross Connection Control Depreciation Expense Total Operating Expense 934, 909 276, 066 0 -25, 868 -1, 020 344, 754 28, 143 12, 946 68, 739 26, 527 26, 530 45, 574 107, 181 800 89, 823 8, 683 1, 020 304, 571 2, 249, 378 Net Operating Income 248, 775 Other Income (Expense) Interest Expense Interest Income Non-operating Revenue Total Other Income (Expense) Net Income -18, 526 1, 007 3, 752 -13, 767 235, 008

Balance Sheet December 31, 2019 Assets Current Assets Cash Money Market Accounts Receivable Inventory Prepaid Expenses Deposites Paid Total Current Assets 251, 006. 73 603, 103. 99 200, 459. 90 51, 203. 07 57, 291. 86 4, 227. 70 1, 167, 293. 25 Property, Plant & Equipment Plant in Service CWIP Accumulated Depreciation Total Property, Plant and Equipment 21, 665, 917. 15 819, 821. 48 -15, 524, 571. 69 6, 961, 166. 94 Total Assets 8, 128, 460. 19 Liabilities and Equity Current Liabilities Accounts Payable Loans Meter Deposites and AIAC Taxes Payable Other Accrued Payables Advances for CWIP Customer Deposits Total Current Liabilities 27, 835. 96 128, 978. 58 2, 000. 00 56, 216. 42 164, 355. 47 4, 620. 00 166, 441. 29 Long Term Liabilities Loans AIAC Total Long-Term Liabilities 182, 081. 79 753, 279. 85 550, 447. 72 935, 361. 64 Total Liabilities Equity CIAC Other Paid in Capital Retained Earnings Current Year Profit (Loss) Total Equity Total Liabilities and Equity 1, 485, 809. 36 2, 411, 886. 94 4, 232, 993. 00 -237, 200. 21 235, 007. 10 6, 642, 686. 83 8, 128, 496. 19

CASH FLOW 2016 2017 2018 2019 Total Revenue $2, 388, 377 $2, 464, 676 $2, 523, 866 $2, 502, 912 Total Expense $2, 233, 283 $2, 293, 603 $2, 772, 175 $2, 267, 904 Net Income $155, 094 $171, 073 -$248, 309 $235, 008 Depreciation $383, 876 $414, 141 $401, 154 $304, 571 Cash Flow $538, 970 $585, 214 $152, 845 $539, 579

Budget 2019 Year End 12/31/2019 Budget 2020 Operating Revenue 2, 469, 200 2, 498, 153 2, 552, 591 Operating Expenditures 2, 090, 384 1, 854, 984 1, 922, 401

Capital Projects 2019 Government Booster Station pumps and controls replaced. Before After

Slayton Ranch Road PRV replaced. Before After

Capitol Expenditures 2019. Well Failures $132, 253 Distribution System Additions $52, 600 New Office Computers $6, 093 Water Line Extensions $43, 657 Total $234, 602

Capitol Projects 2020. • Office Server and Billing System replacement. • Alpine Booster Station PLC ( Programmable Logic Controller) replacement. • Phase 1 of the Silver Valley Road line extension. • Townsend Winona PRV replacement. • Marijka booster pump replacement. • Alpine north tank interior painting. • Purchase of a spare replacement well pump.

Marijka booster pump replacement. Before After

Communication From Members The Board and Management of Doney Park Water is happy to answer any questions you have. If we cannot answer your question to your satisfaction please give us your contact information and allow us to answer your question at another time. Please be considerate of all in attendance and allow time for questions from all members.

Submission of Ballots If you have not submitted your ballot please do so at this time.

Ratification of the Actions of The Board of Directors

Closing Statement This meeting will be continued for a period of 20 days ( June 30, 2020 ) to count the ballots and to determine if there are enough ballots to constitute a quorum ( 10% ) of the membership. The meeting will be adjourned when it is determined a quorum has been reached, or on June 30, 2020.

Thank you for attending the 2020 Annual Meeting and for your continuing support. -Your Board of Directors-