2025-03-12T07:41:13-07:00 2024-10-31 820751649 JANA A WALKER CPA PLLC PO BOX 2696 WOODWARD OK 73802 990 2023-11-01 730974076 RURAL WATER DISTRICT NO 2 RURA 5802543652 203576 E COUNTY ROAD 44 WOODWARD OK 73801 RANDY GLITSCH President 2025-03-12 true true Jana Walker CPA P01711004 5803346361 X 2023 2025-03-06 01:10:19Z 203576 E COUNTY ROAD 44 WOODWARD OK 73801 724844 false X N/A X 1975 OK ASSIST IN PROVIDING WATER SERVICE TO RURAL AREAS. 5 5 3 0 0 394276 409652 1720 181884 3952 3952 399948 595488 0 0 147449 157149 0 0 186882 224048 334331 381197 65617 214291 2358647 2596792 27058 50912 2331589 2545880 ASSIST IN PROVIDING WATER SERVICE TO RURAL AREAS. false false ASSIST IN PROVIDING WATER SERVICE TO RURAL AREAS false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 4 0 true 3 true false false false false false false false false X 5 5 false false false false true true false true false false false true false false false true false false OK X JOHNNY KETCHERSIDE 5802543652 203576 E COUNTY ROAD 44 WOODARD OK 73801 X JIM MCCORMICK Vice President 1.00 0.00 X X 0 0 0 MARK SWEET Secretary 1.00 0.00 X 0 0 0 GARY CLYDEN Director 1.00 0.00 X 0 0 0 RANDY GLITSCH President 2.00 0.00 X X 0 0 0 JOHN OGDEN Treasurer 1.00 0.00 X X 0 0 0 0 false false false 0 0 OTHER PROGRAM INCOME 900099 1861 1861 WATER SALES 221000 407791 407791 409652 8240 8240 0 0 3952 3952 3952 3952 303000 129356 173644 173644 173644 0 0 0 0 595488 595488 0 0 0 0 0 0 131034 121542 9492 0 15308 15308 10807 9944 863 0 510 510 6955 6955 0 0 0 20360 5999 14361 0 12139 12139 0 0 34563 34563 38 38 0 800 800 0 0 64584 64584 10516 10516 REPAIRS AND MAINTEANCE 32900 32900 SUPPLIES 26712 26712 AUTOMOBILE 6407 6407 TELEPHONE 5500 5500 2064 373 1691 381197 328848 52349 0 685264 349016 352664 0 30599 31626 0 0 0 0 5966 9758 2896383 1452756 1391630 1443627 0 0 0 0 245188 410101 2358647 2596792 10234 31340 16824 19572 27058 50912 X 2331589 2545880 2331589 2545880 2358647 2596792 214291 X false true X true false 298607 298607 22748 20974 1774 109074 67078 41996 107295 48352 58943 2358659 1316352 1042307 1443627 ACCRUED INTEREST 2420 EASEMENT 40513 Rounding 1 WATER RIGHTS 367167 410101 19572 19572 X 595488 595488 595488 381197 381197 381197 Part X : FIN48 Footnote The organization is a not-for-profit District that is exempt from income taxes under Section 501c12 of the Internal Revenue Code. Therefore, no provisions for income tax have been made in the financial statements for federal or state income taxes. In June 2006, the Financial Accounting Standards Board FASB released FASB Interpretation 48 FIN 48 Accounting for Uncertainty in Income Taxes currently FASB Accounting Standards Codification ASC 740, Income Taxes, which requires extensive disclosures about uncertain income tax positions. This standard seeks to reduce the diversity in practice associated with certain aspects of the recognition and measurement related to income taxes. The organization evaluates any uncertain tax positions using the provision of ASC 450, Contingencies. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized. The organization does not believe that it engaged in any activity that would result in an uncertain tax position. As a result, management does not believe that any uncertain tax positions currently exist and no loss contingency has been recognized in the accompanying financial statements. Federal and state income tax statutes dictate that tax returns filed in any of the three previous reporting periods remain open to examination. Currently the organization has no open examination with either the Internal Revenue Service or state taxing authorities. The organization?s policy is to record any income tax related penalties and interest incurred as operating expense. There were no income tax related penalties or interest included in the accompanying financial statements. Form 990, Part VI, Section A, Line 6 If an individual lives within the geographic boundaries of the water district and wishes to have rural water service, they apply for membership in the organization and pay a one time membership fee of $1,000. Upon approval by the governing body, they are issued a membership and granted rights to install one water meter and be provided with services by the organization. Form 990, Part VI, Section B, Line 11b The annual audit and the information tax return is presented to the governing body and all members present at the annual meeting. After the annual meeting is closed, there is a board meeting where the tax return along with the audited financial statements are reviewed in further detail and any discussion necessary. The board then approves both the audit report and the information tax return for filing by the manager of the organization. Form 990, Part VI, Section B, Line 15a The governing body approves the manager's salary. Form 990, Part VI, Section C, Line 19 No documents available to the public.