Lake Elizabeth Mutual Water Company

14960 Elizabeth Lake Road. Elizabeth Lake, Ca 93532

Email lakeelizabethwater@verizon.net

Phone 661-724-1806

Fax 661-724-1281

Hours 6 am to 12 pm - 1 pm to 3 pm
Monday thru Friday

Senate Bill 998
Shut-off letter	Name	Doe, Smith
Shut-offs	Address	12345 Main st
Median duration of shut-offs	Days	"0"

WATER SERVICE RATES

Water meters are read monthly
near or after the 15th.
(7.48 gals = 1 cubic foot)
(500 cubic feet = 3,740 gals)

THE METER FEE(S) is $33.00 per Month + 1 to 500 cubic feet flat fee $25.60 = minimum $58.60

501 to 4000 cubic feet = $6.48 for each 100 cubic feet

4001 to 7000 cubic feet = $6.89 for each 100 cubic feet

7001cubic feet and above =$7.49 for each 100 cubic feet

Due Date on all Water Bills is the 15th of each month

$20.00 Late Charge

Construction Hydrant Water is $0.02 per gallon
with $500.00 meter deposit.

ANNUAL SHARE ASSESSMENT CHARGE

Assessment period is May 1 to April 30 of each year

$55.00 per share per year charge,
minimum 2 shares = $110.00 minimum assessment

10% annual late fee on any unpaid balance at billing cycle.

For metered water services only¸ monthly assessment can be arranged by calling the office.
at 661-724-1806, late charge will be applied at the water service rate listed above.
Monthly 2 shares, 1 Lot = $9.18 per Month

Lake Elizabeth Mutual Water Co. The Annual Assessment – What is it? We get calls from shareholders about Mutual water companies And public water companies concerning assessments. The Corporations Code for Mutual water companies states that “Any corporation organized for or engaged in the business of selling, distributing, supplying or delivering water for irrigation or domestic use, and not a public utility, may levy assessments upon its shares”. Also, Barclay’s California Code and Regulations state, “A proviso (By-laws) directing the board of directors to establish a rate which will result in the accumulation and maintenance of a fund for the repair and replacement of the water supply, distribution and fire protection system...Unimproved lots included within the area to be served must bear a proportionate share of the cost of repair and replacement of the water supply, distribution and fire protection system, as well as a proportionate share of the cost of maintaining the repair and replacement fund”. Publicly owned systems receive 60% of their financing needs from tax-exempt bond markets, whereas Mutual systems rely primarily (40-50%) on retained earning or on the revenues that user charges raise after operating taxes have been subtracted. This reflects the higher cost Mutual face in raising capital

WATER SERVICE CONNECTION FEES