2024-08-14T15:23:43-05:00 2023-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 1300 BELLEVUE AVENUE DUBLIN GA 310214152 990 2023-01-01 591350003 BONITA SPRINGS UTILITIES INC BONI 2399920711 11900 EAST TERRY STREET BONITA SPRINGS FL 34135 ANDY KOEBEL EXECUTIVE DIRECTOR 2399920711 2024-08-09 1 0 CHRISTOPHER MCGUIRE P01869417 4782751163 2024-08-09 2023 2024-08-08 14:25:15Z ANDY KOEBEL 11900 EAST TERRY STREET BONITA SPRINGS FL 34135 102584139 0 X WWW.BSU.US X 1970 FL SALE OF WATER AND WASTEWATER TO MEMBERS 9 0 157 0 0 0 0 5615961 45080516 46854089 463376 1262655 319531 199612 45863423 53932317 0 0 0 0 12397395 13605947 0 0 0 29453766 30895331 41851161 44501278 4012262 9431039 388975151 389799625 80865583 69609694 308109568 320189931 OPERATES AS A PUBLIC UTILITY WHICH PROVIDES POTABLE WATER AND WASTEWATER SERVICE TO ITS RESIDENTIAL AND COMMERCIAL USERS IN SOUTHERN LEE COUNTY, FLORIDA. 0 0 AT YEAR-END, BSU PROVIDED WATER SERVICE TO APPROXIMATELY 31,570 CONNECTIONS AND WASTEWATER SERVICE TO APPROXIMATELY 28,770 CONNECTIONS WITHIN THE SERVICE AREA. 0 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 46 0 1 157 1 0 0 0 0 0 0 0 46854089 1462267 0 0 0 X 9 0 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X ORGANIZATION 2399920711 11900 EAST TERRY STREET BONITA SPRINGS FL 34135 ROBERT BACHMAN DIRECTOR 12.00 X 25085 0 0 MIKE MALLOY DIRECTOR 12.00 X X 25085 0 0 PAUL ATTWOOD DIRECTOR 12.00 X X 25085 0 0 BRIAN FARRAR PRESIDENT 12.00 X X 25085 0 0 VICENT MARCHESANI SECRETARY 12.00 X X 25085 0 0 RICHARD GARNER TREASURER 12.00 X 25085 0 0 LAWRENCE KOSILLA DIRECTOR 12.00 X 25085 0 0 JAMES MURPHY DIRECTOR 12.00 X 19009 0 0 WAYNE BAUMAN VICE PRESIDENT 12.00 X 25085 0 0 JOHN JENKINS EXECUTIVE DIRECTOR 40.00 X 328562 0 54100 STEVEN RICHARDS DIRECTOR OF FINANCE 40.00 X 183142 0 27321 KIM HOSKINS DIRECTOR OF ENGINNERING 40.00 X 168339 0 47862 ANDREW KOEBEL DIRECTOR OF OPERATIONS 40.00 X 174987 0 48652 NATHALIE GALVAN HUMAN RESOURCES MANAGER 40.00 X 133301 0 22982 1208020 0 200917 5 0 1 0 CH2M HILL ENGINEERS INC PO BOX 201869 DALLAS TX 75320 CONSTRUCTION 4626318 WELLS & WATER SYSTEMS INC 3713 PINO VISTA WAY ESTERO FL 33928 CONSTRUCTION 3949702 MITCHELL & STARK CONSTRUCTION INC 9009 HIGH COTTON LANE FORT MYERS FL 33905 CONSTRUCTION 3761063 FERGUSON ENTERPRISES INC 17323 JEAN ST FORT MYERS FL 33967 CONSTRUCTION 2460481 F J NUGENT & ASSOCIATES INC 269 HUNT PARK COVE LONGWOOD FL 32750 CONSTRUCTION 956213 5 5615961 5615961 WASTERWATER CHARGES 221000 25239330 25239330 WATER SALES 221000 20226697 20226697 OTHER FEES AND CHARGES 221000 1388062 1388062 46854089 1553761 1553761 47910135 450581 48257902 393920 -347767 56661 -291106 -291106 MISCELLANEOUS INCOME 221000 199612 199612 199612 53932317 47053701 0 1262655 X 1208020 8304726 772361 2617719 703121 244813 175620 56565 57369 578355 4432 321711 1132075 3119889 45787 713431 16675258 1133667 CHEMICALS 2442323 EQUIPMENT M&R 790418 METERS SWITCHES DIST 763511 MATERIALS AND SUPPLIES 703513 1936594 44501278 2131515 3069842 15302299 8176461 4404071 4653057 6730270 11725914 839764 973036 723525 592519 619307197 320803980 295290007 298503217 62459871 60562297 1093829 1543282 388975151 389799625 4496148 3521832 6689708 5821408 53086386 43345000 9728023 9961680 6865318 6959774 80865583 69609694 X 0 0 171271178 174355777 136838390 145834154 308109568 320189931 388975151 389799625 X 9431039 2266769 382555 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3660840 3660840 260457282 120121812 140335470 25824668 14731949 11092719 329364407 185950219 143414188 298503217 U.S. TREASURY NOTES 26900725 F FEDERAL AGENCY BONDS/NOTES 10248159 F CORPORATE NOTE 13132641 F SUPRANATIONAL NOTES 937376 F AGENCY MORTGAGE-BACKED SECURITIES 5962830 F MUNICIPAL BONDS/NOTE 907990 F COMMERCIAL PAPER 2472576 F 60562297 RETAINAGE PAYABLE 1394943 CUSTOMER DEPOSITS 3019885 OTHER CURRENT LIABILITIES 1182313 ACCRUED BOND INTEREST 136300 CAPITAL CREDIT PAYABLE 17239 INJECTION WELL RETIREMENT OBLIGATION 1209094 6959774 X 56199086 2266769 2266769 53932317 0 53932317 47471387 2970109 2970109 44501278 0 44501278 PART X, LINE 2: THE CORPORATION'S APPLICATION FOR EXEMPTION FROM FEDERAL INCOME TAXES WAS APPROVED BY THE INTERNAL REVENUE SERVICE UNDER THE INTERNAL REVENUE CODE OF 1986, SECTION 501(C)(12), EFFECTIVE JANUARY 1, 1988, SUBJECT TO CAVEAT REQUIRING THAT RECEIPTS FROM MEMBERS ARE AT LEAST 85% OF THE CORPORATION'S TOTAL ANNUAL INCOME. THE CORPORATION IS ALSO EXEMPT FROM FLORIDA SALES TAX. THE CORPORATION RECEIVED CONFIRMATION FROM THE INTERNAL REVENUE SERVICE ON FEBRUARY 3, 1992, AUTHORIZING CONTINUED EXEMPTION UNDER INTERNAL REVENUE CODE SECTION 501(C)(12) COVERING THE ADDITION OF THE WATERWASTE COLLECTION, TRANSMISSION, TREATMENT, AND DISPOSAL FACILITIES. THE CORPORATION FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. AS A RESULT, THE CORPORATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. THE CORPORATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. THE CORPORATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE CORPORATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION OF CONTRIBUTIONS IN AID OF CONSTRUCTION - CY 2,970,109. X 1 1 X X X 0 1 0 JOHN JENKINS EXECUTIVE DIRECTOR 328562 0 0 0 0 0 31515 0 22585 0 382662 0 0 0 ANDREW KOEBEL DIRECTOR OF OPERATIONS 174987 0 0 0 0 0 17033 0 31619 0 223639 0 0 0 KIM HOSKINS DIRECTOR OF ENGINNERING 168339 0 0 0 0 0 16243 0 31619 0 216201 0 0 0 STEVEN RICHARDS DIRECTOR OF FINANCE 183142 0 0 0 0 0 16946 0 10375 0 210463 0 0 0 NATHALIE GALVAN HUMAN RESOURCES MANAGER 133301 0 0 0 0 0 12711 0 10271 0 156283 0 0 0 A LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 591793462 2012-08-08 18500000 REFUND SERIES 2012B BONDS 0 0 0 B LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 591793462 2014-08-13 16005000 REFUND SERIES 2014 BONDS 0 0 0 C LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 591793462 2020-08-06 37400000 REFUND SERIES 2020 BONDS 0 0 0 D LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 591793462 2021-09-29 20000000 REFUND SERIES 2021 BONDS 0 0 0 A 18500000 18500000 156489 18500000 2012 1 0 1 1 B 14325000 16005000 185657 16005000 2014 1 0 1 1 C 13320000 37400000 344365 37400000 2020 1 0 1 1 D 2415000 20000000 266405 20000000 2021 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 C 0 0 0 0 0 0 0 D 0 0 0 0 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 X WATER DISTRIBUTION LINE 1 0 ENGINEERING CERTIFIC X WASTER WATER COLLECTION LINES 1 0 ENGINEERING CERTIFIC 0 0 0 PART I, LINE 33: CONTRIBUTIONS OF WASTE WATER AND WATER DISTRIBUTION LINES ARE CONSIDERED CONTRIBUTIONS IN AID OF CONSTRUCTION UNDER IRS CODE SEC 118(C) AND EXCLUDED FROM GROSS INCOME PURSUANT TO IRS CODE SEC 118(A) AS A CONTRIBUTION TO CAPITAL. DURING THE YEAR, BONITA SPRINGS UTILITIES, INC. RECEIVED WATER DISTRIBUTION AND WASTE WATER COLLECTION LINES WITH A VALUE OF $805,762. THESE CONTRIBUTIONS ARE INCLUDED ON FORM 990, PART XI, LINE 9. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE COOPERATIVE ARE ITS WATER AND WASTEWATER CUSTOMERS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS IN GOOD STANDING ARE ELIGIBLE TO VOTE ON AN ANNUAL BASIS FOR MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN CHANGES TO THE CORPORATION'S ARTICLES OF INCORPORATION AND BYLAWS MAY BE INITITATED BY OR ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES REPORT TO THE BOARD OF DIRECTORS AT THE REGULAR MEETINGS AND DO NOT HAVE AUTHORITY TO ACT INDEPENDENTLY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE AND THE SENIOR ACCOUNTANT REVIEW INFORMATION FOR THE CURRENT AND PRIOR YEAR RETURN. THE EXECUTIVE DIRECTOR REVIEWS THE RETURN BEFORE THE BOARD OF DIRECTORS COMPLETES THEIR FINAL REVIEW. THE EXECUTIVE DIRECTOR SIGNS THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS' BUSINESS INTEGRITY, ETHICS, AND CONFLICT OF INTEREST POLICY IS MONITORED BY AN ETHICS COMMITTEE CONSISTING OF 3 BOARD MEMBERS WITH STAGGERED TERMS DESIGNATED BY THE FULL BOARD. THE EMPLOYEES ARE GOVERNED BY A CONFLICT OF INTEREST POLICY WHICH IS MONITORED AND REVIEWED BY THE HUMAN RESOURCES MANAGER. FORM 990, PART VI, SECTION B, LINE 15 A SURVEY OF EXECUTIVE DIRECTOR SALARIES IS SENT OUT TO THE OTHER UTILITIES IN THE AREA BY THE HUMAN RESOURCES DEPARTMENT. THE FINAL CONTRACT IS DRAWN UP BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. THE PROCESS USED TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS LAST PERFORMED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC THROUGH THE ORGANIZATION'S WEBSITE. THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTUAL SERVICES-PAYROLL 51,755. LAB TESTING SERVICE 170,291. GROUNDS MAINTENANCE 356,309. FORM 990, PART IX, LINE 24E LOCKBOX/CREDIT CARDS 435,027. VEHICLE EXPENSES 360,975. PROFESSIONAL SERVICES 308,745. ELECTRICAL/ELECTRONICS 255,624. SMALL TOOLS & EQUIPMENT 132,906. LAB/TESTING SUPPLIES 114,656. CONFERENCES/CONVENTIONS 93,223. SAFETY EQUIPMENT 71,397. DUES & SUBSCRIPTIONS 65,466. UTILITY, ROAD REPAIRS 53,904. RENTAL OF EQUIPMENT 35,049. CONSERVATION PROGRAM 12,576. BOARD OF ELECTION SERVICES 11,710. LOCATES 5,980. DONATIONS 4,329. OTHER 297. BAD DEBT EXPENSE -25,270. FORM 990, PART XI, LINE 9: AMORTIZATION OF CONTRIBUTIONS IN AID OF CONSTRUCTION - CY -2,970,109. CASH CONTRIBUTIONS IN AID OF CONSTRUCTION (SEE STMT BELOW) 2,278,837. PROPERTY CONTRIBUTIONS IN AID OF CONSTRUCTION 805,762. CAPITAL CREDITS RETURNED TO EQUITY 268,065. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. CONTRIBUTIONS IN AID OF CONSTRUCTION: ALL CASH CONTRIBUTIONS IN AID OF CONSTRUCTION WERE RECEIVED AS REIMBURSEMENTS AFTER THE PAYMENT OF QUALIFIED EXPENDITURES FOR FACILITIES PLACED IN SERVICE.