The Crestview Mutual Water Company Shareholder Website is maintained by shareholders, to provide updates and information of interest to shareholders on the activities of Crestview Mutual Water Company.

The Numbers:

 

Crestview Operating Costs
(Abbreviated - see Crestview P&L & Published Budget for full details)

 

  2017   
Actual
  2017   
Budget
2016   
Actual
  2015   
Actual
  2014   
Actual
  2013   
Actual
Income                    
Water Service     1,278,270 1,167,800   1,131,800   1,384,000   1,167,700
Service Availability Fee     268.470 246,500   231,100   214,900   213,200
Other Income     110 100   38,000   14,100   14,100
Total Income     1,563,670 $1,443,700   $1,400,900   $1,613,000   $1,395,000
                     
                     
Salary and Benefits Expense
salary comparison
                   
Salaries (3 full time, 1 part time employee)    
-
-
  357,000   348,600   349,700
Salaries (3 employees)     231,970 229,300  
-
 
-
 
-
Outside Services - Operations*     197,640 223,240   5,200   7.400   6,500
Group Medical Insurance     42,620 35,180   89,900   95,700   80,600
Pension Expense     20,780 19,440   25,100   31,600   31,200
Work Comp. Insurance     12,140 11,760   18,000   15,100   12,700
Payroll Taxes     39,000 17,890   27,800   26,500   26,300
401K Record Keeping Fee     610 2,530   2,900   2,200   2,100
Total Salary and Benefits     $544,760 $539,340   $521,000   $519,800   $503,400
                     
Outside Water Purchased (COGS)     192,690 225,548   349,700   427,900   261,300
                     
Plant Operations Power     100,500 97,400   87,000   108,600   98,200
General Liability Insurance     21,520 21,280   24,600   25,200   27,100
Professional Fees     8,340 16,890   15,500   12,000   9,300
Miscellaneous Expenses and Taxes (See P&L)           523,800   396,500   368,500
Total Expenses     $1,319,400 $1,371,730   $1,521,600   $1,458,300   $1,267,200
Net Income     $244,275 $71,900   ($120,600)   $154,800   $127,800

* recipients not disclosed

 

Competitive Rates


City / Water Company Monthly Service Charge (Stand by) Tier 1 Water Rate / 1000 Gallons (1 unit) Subsequent Unit Rate
City of Camarillo $25.00 $2.06 / first 6.7 units

$4.91 from 6.7 to 13.5 units
$6.22 from 13.5 to 17.9 units
$8.67 all water over 18 units


Crestview $27.00 @ $9.00 / share (3 sh avg)
$54.00 @ $9.00 / share (6 sh avg)


$3.00 / first 7 units per share
(3 shares would = 21 units)

$6 from 8-to 14 units per share
$8.80 all water over 14 units per share

Camrosa $22.72 $4.10 / first 9 units $4.44 / all water over 9 units

 

 

Crestview Shareholder Water Usage
(2500 shares/outstanding)

1-1-2017 1-1-2016 1-1-2015
(increase 7-1-2015)
1-1-2014 1-1-2013
Gallons per Share 84,000*
(7,000 gal/mo.)
84,000*
(7,000 gal/mo.)
84,000*
(7,000 gal/mo.)
96,000*
(8,000 gal/mo.)
100,000*
(8,300 gal/mo.)
Standby Rate / Share $9.00 ↑   $8.25 ↑   $7.75   $7.15        
    % $/1000 gal % $/1000 gal % $/1000 gal   % $/1000 gal
Tier 1 $3.00 59% $3.00 ↑ 66% $2.85 62% $2.65   81% $2.48
Tier 2 (8-14 units) $6.00 41% $6.00
33%
$5.40
($6.00)
38% $5.40   19% $5.25
Tier 3 (14+ units) $8.80 ↑
-
$8.00
-
$6.95
($8.00)
-
$6.95  
-
$6.80
*Gallons per Share per year.
1 unit = 1000 gal