90 Victoria Lane
Aptos, CA
95003

(831) 662-3204
x1... Operations
x2... Billing & Office
x3... General & Board Members

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Trout Gulch Mutual Water Mission Statement:


Trout Gulch Mutual Water (TGW), a nonprofit mutual benefit corporation, that is member owned and managed. TGW is dedicated to managing water, a precious resource, through production, storage, and distribution in the safest and most cost effective manner possible. Our Board of Directors shall assure good stewardship of company operations entrusted to them by its members and remain transparent with each and every action and activity undertaken. Decisions shall reflect integrity and fairness to all members served.

Monday, April 25, 2011

TGW Financial Reserves (as of 4/12/11)

TROUT GULCH MUTUAL WATER COMPANY

FINANCIAL RESERVES

(As of April 12, 2011)


Required Loan Reserves for Santa Cruz County Bank

$ 23,107.30

($21,169.80 for six months of loan payments and $1,937.50 for line of credit)


Operations and Maintenance Reserve

$ 21,421.83


Emergency Reserve

$ 25,000.00


Emergency Reserve (SCC Credit Union)

$ 1,226.69


Total of all reserves

$ 70,755.82


To be transferred at end of year (6/30/2011) from General Budget

$ 17,280.00


Potential Total Reserves at end of Fiscal Year 2010/2011

$ 88,035.82

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