2024-03-25T09:03:50-05:00 2023-12-31 611098477 ROBINSON HUGHES & CHRISTOPHER PSC PO BOX 880 DANVILLE KY 404230880 990 2023-01-01 610712154 GARRARD COUNTY WATER ASSOCIATION INC GARR 8597924501 PO BOX 670 LANCASTER KY 40444 SEAN SMITH MANAGER 8597924501 2024-03-22 1 SEAN SMITH 999009999 0 MICHAEL K STEVENS CPA P00126988 8592366628 2024-03-22 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SEAN SMITH 315 LEXINGTON ROAD LANCASTER KY 40444 3839945 0 X GARRARDWATER.COM X 1970 KY PROVISION OF WATER TO ASSOCIATION MEMBERS. 7 6 15 0 0 0 1499 996045 2554410 2640407 96357 145593 3729 2696 2655995 3784741 0 0 0 0 538590 535868 0 0 0 1817725 1875567 2356315 2411435 299680 1373306 15899437 19866531 1323087 3889244 14576350 15977287 TO PROVIDE WATER SERVICE TO THE CITIZENS OF RURAL GARRARD COUNTY AND PARTS OF WESTERN MADISON COUNTY, NORTHERN LINCOLN COUNTY, AND WESTERN ROCKCASTLE COUNTY, KENTUCKY. 0 0 2411465 2640407 PROVISION OF WATER SERVICE TO 6,201 RURAL RESIDENTIAL AND COMMERCIAL WATER CUSTOMERS. 2411465 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 15 1 0 0 0 0 0 2640407 151593 0 0 0 X 7 6 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X COMPANY 8597924501 315 LEXINGTON ROAD PO BOX 670 LANCASTER KY 404440670 ROBERT BALLARD BOARD MEMBER 1.00 X 3900 0 0 JENNY LYNN WHITTAKER SEC-TREASURER / BOARD MBR 1.00 X X 4400 0 0 FELIX REYNOLDS VICE PRES / BOARD MEMBER 1.00 X X 3600 0 0 BILLY DOOLIN PRESIDENT / BOARD MEMBER 1.00 X X 4400 0 0 GARY CLARK BOARD MEMBER 1.00 X 3600 0 0 WILLIAM OLIVER BOARD MEMBER 1.00 X 6000 0 0 SEAN SMITH BOARD MEMBER AND MANAGER 40.00 X X 96000 0 19329 121900 0 19329 0 0 0 0 0 996045 996045 WATER SALES METERED 221000 2440033 2440033 CONNECTION FEES 221000 93114 93114 SERVICE CHARGES 221000 87050 87050 911 PROCESSING FEES 221000 16730 16730 MACHINE HIRE & LABOR 221000 1895 1895 1585 1585 2640407 147493 147493 6000 3304 2696 2696 2696 30000 20000 30000 21900 0 -1900 -1900 -1900 3784741 2640407 0 148289 141229 304091 10216 47475 32857 9923 25399 2632 37366 240 79062 25043 23062 20631 461513 37266 WATER PURCHASED FOR RES 1056335 MATERIALS FOR WATER SYS 62227 BAD DEBTS 14355 MISCELLANEOUS 9313 11200 2411435 261866 48231 3208675 4043728 206182 169467 17645 21608 25049552 10285687 11473783 14763865 713570 769585 17716 50047 15899437 19866531 184495 185043 2500000 1118767 1187256 19825 16945 1323087 3889244 X 0 0 10885469 10989384 3690881 4987903 14576350 15977287 15899437 19866531 1373306 27631 0 X 0 1 X 0 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 24004 103407 127411 59158 135926 96753 98331 24727057 10188934 14538123 14763865 CONTRIBUTIONS IN ADVANCE OF NEW CONNECTIONS 15602 RENT DEPOSIT 1000 DUE TO EMPLOYEES FOR SUPPLEMENTAL INSURANCE WITHHOLDINGS 343 16945 3815676 27631 3304 30935 3784741 0 3784741 2414739 3304 3304 2411435 0 2411435 PART XI, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 1,462. PROPERTY TAXES ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 832. REPAIRS ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 1,010. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 1,462. PROPERTY TAXES ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 832. REPAIRS ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 1,010. FORM 990, PART VI, SECTION A, LINE 4 ON JULY 11, 2023, THE GARRARD COUNTY WATER ASSOCIATION'S BOARD OF DIRECTORS ADOPTED THE FOLLOWING RESOLUTION REGARDING DISTRIBUTION OF ASSETS UPON DISSOLUTION. UPON ANY DISSOLUTION OF THE WATER ASSOCIATION UNDER PROVISIONS OF THE LAWS OF THE STATE OF KENTUCKY FOR NONPROFIT CORPORATIONS, ALL OF ITS ASSETS REMAINING AFTER PAYMENT OF CREDITORS SHALL BE DISTRIBUTED TO ONE OR MORE ORGANIZATIONS SELECTED BY THE BOARD OF DIRECTORS AND WHICH FURTHER THE PURPOSES SET FORTH IN ARTICLE III OF THE ARTICLES OF INCORPORATION. IN NO EVENT SHALL ANY OF THE CORPORATION'S ASSETS BE DISTRIBUTED TO THE OFFICERS, DIRECTORS, OR MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 ALL INDIVIDUALS RECEIVING WATER SERVICES FROM THE GARRARD COUNTY WATER ASSOCIATION, INC. ARE CONSIDERED TO BE MEMBERS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS ENTITLED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO THE FILING OF THE 990, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 FOR ITS REVIEW. ANY COMMENTS OR QUESTIONS THAT THE BOARD MEMBERS HAVE ARE DOCUMENTED AND ARE CONSIDERED OR RESOLVED PRIOR TO SUBMISSION OF THE FINAL DRAFT OF THE 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER, DIRECTOR, OR KEY EMPLOYEE IS ANNUALLY PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. FOLLOWING RECEIPT OF THE POLICY, EACH OFFICER, DIRECTOR, OR KEY EMPLOYEE SIGNS A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. IN THE EVENT THE GOVERNING BOARD OR COMMITTEE DISCOVERS THAT ANY SUCH PERSONS HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION SHALL BE TAKEN BY THE GOVERNING BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. DETAILED FINANCIAL INFORMATION MAY ALSO BE OBTAINED FROM THE KENTUCKY PUBLIC SERVICE COMMISSION BY ANY INTERESTED PARTY VIA ITS WEBSITE PSC.KY.GOV.