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.
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The Numbers
- Acre Foot of Water = 326,000 gallons
- The average California family uses about 1/2 an acre foot of water a year (400 gallons a day)
- Crestview Shareholders (all 618 homes/shareholders) use about 1000 acre feet of water a year.
Operating efficiency is a concern to all Crestview shareholders. One-third of your water bill is for employee salaries and benefits.
Crestview water is 69% more expensive than Camarillo City water. Rates as of May 1, 2022 are per 1,000 gallon units:- Tier 1 $4.00 / 1000 gallons (first 7 units) + standby fee $9 / share
- Tier 2 $8.10 / 1000 gallons (next 8-14 units)
- Tier 3 $15.50/ 1000 gallons (excess of 14 units)
Camarillo City Water ( + $28.44 service fee / 1” main)
- Tier 1 $2.14 / 1000 gallons (first 9 units)
- Tier 2 $5.07 / 1000 (next 10-18 units)
- Tier 3 $6.42 / 1000 (next 19-24 units)
- Tier 4 $8.95 / 1000 (excess of 25 units)
Crestview Operating Costs
(Update pending)
(Abbreviated - see Crestview P&L & Published Budget for full details)
| 2019 Actual (unaudited) |
2018 Actual |
2017 Actual |
2016 Actual |
2015 Actual |
2014 Actual |
2013 Actual |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | ||||||||||||
| Water Service | 1,210,770 | 1,424,620 | 1,278,267 | 1,167,800 | 1,131,800 | 1,384,000 | 1,167,700 | |||||
| Service Availability Fee | 270,241 | 270,324 | 268.473 | 246,500 | 231,100 | 214,900 | 213,200 | |||||
| Other Income | 66,975 | 820 | 5,085 | 100 | 38,000 | 14,100 | 14,100 | |||||
| Total Income | 1,547,986 | $1,709,218 | $1,563,671 | $1,443,700 | $1,400,900 | $1,613,000 | $1,395,000 | |||||
| Salary and Benefits Expense salary comparison |
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| Salaries (3 full time, 1 part time employee) | - |
- |
357,000 | 348,600 | 349,700 | |||||||
| Salaries (3 employees) | 234,802 | 238,593 | 231,967 | 229,300 | - |
- |
- |
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| Outside Services - Operations* | 208,619 | 204,735 | 197,637 | 223,240 | 5,200 | 7.400 | 6,500 | |||||
| Group Medical Insurance | 36,659 | 41,711 | 42,616 | 35,180 | 89,900 | 95,700 | 80,600 | |||||
| Pension Expense | 14,125 | 21,168 | 20,783 | 19,440 | 25,100 | 31,600 | 31,200 | |||||
| Work Comp. Insurance | 8,641 | 8,484 | 12,139 | 11,760 | 18,000 | 15,100 | 12,700 | |||||
| Payroll Taxes | 19,833 | 19,764 | 19,662 | 17,890 | 27,800 | 26,500 | 26,300 | |||||
| 401K Record Keeping Fee | 0 | 0 | 610 | 2,530 | 2,900 | 2,200 | 2,100 | |||||
| Total Salary and Benefits | $522,679 | $534,455 | $525,414 | $539,340 | $521,000 | $519,800 | $503,400 | |||||
| Outside Water Purchased (COGS) | 253,491 | 426,181 | 192,685 | 225,548 | 349,700 | 427,900 | 261,300 | |||||
| Plant Operations Power | 99,968 | 92,074 | 100,503 | 97,400 | 87,000 | 108,600 | 98,200 | |||||
| General Liability Insurance | 21,670 | 21,461 | 20,388 | 21,280 | 24,600 | 25,200 | 27,100 | |||||
| Professional Fees | 196,332 | 39,641 | 8,336 | 16,890 | 15,500 | 12,000 | 9,300 | |||||
| Miscellaneous Expenses and Taxes (See P&L) | 496,356 | 216,969 | 178,171 | 218,338 | 523,800 | 396,500 | 368,500 | |||||
| Total Expenses | 1,580,396 | $1,624,093 | $1,319,396 | $1,371,730 | $1,521,600 | $1,458,300 | $1,267,200 | |||||
| Net Income | ($32,409) | $85,125 | $244,275 | $71,900 | ($120,600) | $154,800 | $127,800 |
* recipients not disclosed
Competitive Rates updated June 1 2022
| City / Water Company | Monthly Service Charge (Stand by) | Tier 1 Water Rate / 1000 Gallons (1 unit) | Subsequent Unit Rate |
|---|---|---|---|
| City of Camarillo (2017) | $28.44 | $2.14 / first 6.7 units | $5.07 from 6.7 to 13.5 units |
| Crestview (2019) | $27.00 @ $9.00 / share (3 sh avg) $54.00 @ $9.00 / share (6 sh avg) |
$4.00 / first 4 units per share (3 shares would = 12 units) |
$8.10 from 8-to 14 units per share |
| Camrosa (2017) | $21.40 | $4.80 / first 9 units | $5.33 / all water over 9 units |
Previous Crestview Shareholder Water Rates
(Update pending)
(2500 shares/outstanding)
| 1-1-19 | 1-1-2017 | 1-1-2016 | 1-1-2015 (increase 7-1-2015) |
1-1-2014 | 1-1-2013 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Allocation per Share | 84,000* (7,000 gal/mo.) |
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.) |
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| Standby Rate / Share | $9.00 | $9.00 ↑ | $8.25 ↑ | $7.75 | $7.15 | |||||||
| % | $/1000 gal | % | $/1000 gal | % | $/1000 gal | % | $/1000 gal | |||||
| Tier 1 | $3.15 ↑ | $3.00 | 59% | $3.00 ↑ | 66% | $2.85 | 62% | $2.65 | 81% | $2.48 | ||
| Tier 2 (8-14 units) | $6.20 ↑ | $6.00 | 41% | $6.00 | 33% |
$5.40 ($6.00) |
38% | $5.40 | 19% | $5.25 | ||
| Tier 3 (14+ units) | $9.40 ↑ | $8.80 ↑ | - |
$8.00 | - |
$6.95 ($8.00) |
- |
$6.95 | - |
$6.80 | ||
| *Gallons per Share per year. 1 unit = 1000 gal |
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