All-Member Annual Meeting 6/4/2020 Slide 1
Introductions Office Manager: Attorney: Linda Green Robby Dreyfus, Jr. Operations Manager : Engineer : Don Felter Stanley Spradling Senior Water Operator: Darin Billheimer Employees : 10 Directors : Eddie Gibson Jim Duncan Lou Limerick (Secretary/Treasurer Paul Goldman (Vice President) Todd “Ike” Kiefer (President) Slide 2
Agenda ◼ Call to Order and Proof of Quorum ◼ Proof of Notice of Meeting ◼ Review Minutes of Previous Annual Meeting ◼ Reports of Officers and Committees ➢ Operations Report ➢ Financial Report ➢ FYE2021 Budget ◼ Unfinished Business (None) ◼ New Business ➢ Vote on Resolution to Amend Articles and Bylaws ➢ Members opportunity to speak ◼ Election of Two Directors ◼ Adjourn Slide 3
Notice of Meeting facebook.com/northlauderdalewater Slide 4
Notice of Meeting Slide 5
Minutes Slide 6
Plants, Service Areas, Board Members Lou 2 1 Jim 5 4 Ike Eddie Paul Slide 7
FYE2020 Performance & Projects ➢ Excellent Water Quality: 2019 Water Quality Report (CCR) is posted Zero EPA or MSDH exceedences or violations ➢ Effective Management: 5.0 perfect score on annual MSDH inspection Member complaints remain low ➢ Focus of Effort in Past Year: Mapping system Replacing & upgrading water mains Reducing leaks & improving pressure New Website Researching Broadband Slide 8
FYE2021 Projects ➢ Upgrading well at Plant 2 (in work) ➢ Deploying flow & pressure sensors throughout area ➢ Broadband service from our tanks (if approved) Slide 9
Broadband Navy Housing Slide 10
FYE2020 Preliminary Financial Statement ➢ Annual audit nearly complete Draft Balance Sheet and Activity Statement available Final Report will be posted on website by end of July APRIL 30 2020 Slide 11
FYE20 Performance v. FYE21 Budget Total Revenue: $2.3M Net Income: $255k Slide 12
www.northlauderdalewater.com Slide 13
New Business (Member Comments) ◼ Please stand and ask the president to be recognized ◼ When recognized or when making a motion, please state your full name and town for the record. ◼ Please limit comments to 5 minutes as a courtesy to others Slide 14
Amendments to Articles and Bylaws ◼ Clarify that Membership is tied to ownership of a served property ◼ Clarify that patronage capital is a property right that is attached to ownership of a served property ◼ Clarify that a Member gets 1 vote regardless of number of served properties / membership certificates ◼ Change annual meeting to 3 rd Thursday in July ◼ Specify the number of directors is 5 ◼ Specify compensation for directors: ➢ $100 honorarium per meeting ➢ $25/hr for officer & committee business (not routine office work) ◼ Establish quorum at 1% of members and allow proxy voting and online voting Slide 15
Amendments to Articles and Bylaws ◼ Allow Association to provide “additional utility and incidental services” to its members ➢ Broadband to members ➢ Broadband and Water line repair to Navy Base ◼ Align with the Mississippi and IRS-mandated process for distributing assets should the Association ever be dissolved Slide 16
Board Resolution Slide 17
Member Resolution Slide 18
Election of Board of Directors ◼ Two Director positions are up for election ➢ 3-yr term (incumbent Lou Limerick up for re-election) ➢ 3-yr term (incumbent Paul Goldman up for re-election) ◼ Only Association Members can nominate and vote ➢ Owner of served property and in good standing ◼ Vote is by paper ballot for each position ➢ Each member should have two paper ballots – one for each position ◼ Candidate gaining majority of quorum wins the seat ◼ Unsuccessful candidate can be renominated for remaining seat Slide 19
Motion to Adjourn Slide 20
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