2025-02-27T15:37:52-06:00 2024-10-31 640897081 MATTHEWS CUTRER & LINDSAY PA 1020 HIGHLAND COLONY PKWY 500 RIDGELAND MS 39157 990 2023-11-01 640714105 LAKE LORMAN UTILITY CORPORATION LAKE 6019811657 PO BOX 298 FLORA MS 39071 MARY ANN SONES TREASURER 6019811657 2025-02-20 1 1 CHARLES R LINDSAY CPA P00294610 6018988875 2025-02-20 2023 2025-03-06 01:10:19Z LAKE LORMAN UTILITY DISTRICT MARY ANN SONES PO BOX 298 FLORA MS 39071 401265 0 X LAKELORMANUTILITY.COM X 1976 MS TO PROVIDE WATER AND SEWER SERVICES TO MADISON COUNTY, MISSISSIPPI. 5 5 0 5 0 0 0 0 409898 395728 3340 5537 3155 0 416393 401265 0 0 0 0 0 0 0 0 0 374146 357249 374146 357249 42247 44016 783012 764649 317840 258307 465172 506342 X TO MANAGE AND OPERATE A WATER AND SEWER SYSTEM THAT PROVIDES SERVICES TO BOTH RESIDENTIAL AND NON-RESIDENTIAL ENTITIES IN MADISON COUNTY, MISSISSIPPI THAT COMPLIES WITH ALL STATE AND FEDERAL STANDARDS GOVERNING DRINKING WATER AND WASTE DISPOSAL. 0 0 IN ADDITION TO PROVIDING WATER AND SEWER SERVICES TO OVER 200 CUSTOMERS IN MADISON COUNTY, MS, THE DISTRICT CONTINUED TO MAKE IMPROVEMENTS TO THE EXISTING SYSTEM TO BETTER PROVIDE FOR ITS CUSTOMERS. DURING THIS FISCAL YEAR, THE LAKE LORMAN UTILITY CORPORATION ACCOMPLISHED THE FOLLOWING: - COMPLETED THE MONITORING OF AT&T'S INSTALLATION OF FIBER OPTIC LINES ADJACENT TO WATER AND SEWER LINES. - ACHIEVED THE HIGHEST RATING OF "5" IN TECHNICAL, MANAGERIAL, AND FINANCIAL CATEGORIES DURING ANNUAL AUDIT FROM MISSISSIPPI STATE DEPARTMENT OF HEALTH. - REVISED BILL COLLECTION POLICY TO COLLECT PAST DUE ACCOUNTS MORE EFFICIENTLY AND ELIMINATE MONTHLY CORRESPONDENCE TO WATER AND SEWER DELINQUENT ACCOUNTS. - SUCCESSFUL IN SETTLING DISPUTE WITH CONSTRUCTION COMPANY OVER UNPAID INVOICES RELATIVE TO EXCESSIVE DAMAGE TO WATER AND SEWER LINES. 0 0 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 4 0 1 0 0 0 0 0 0 0 0 0 0 395728 5537 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 6019811657 PO BOX 298 FLORA MS 39071 X WOODY HOLT PRESIDENT 1.00 X X 0 0 0 LUKE ANDRIES VICE PRESIDENT 1.00 X X 0 0 0 LINDA MCCRAW SECRETARY 1.00 X X 0 0 0 MARY ANN SONES TREASURER 1.00 X X 0 0 0 WILLIAM DON SEAGROVE FORMER PRESIDENT 1.00 X X 0 0 0 GRAM HOPKINS MEMBER AT LARGE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 SEWER REVENUE 221000 215740 215740 WATER REVENUE 221000 175310 175310 WATER PENALTY REVENUE 221000 3748 3748 TAP & TRENCH-NEW METER 221000 905 905 SEWER CONNECTION 221000 25 25 395728 5537 5537 401265 395728 0 5537 14079 12616 1064 3195 44520 6592 30132 5885 REPAIRS & MAINTENANCE 230479 MISCELLANEOUS EXPENSE 6692 PER DIEM 1995 357249 188255 193577 396477 388022 32932 29494 2935054 2793151 153695 141903 11653 11653 783012 764649 439 269 291391 230628 26010 27410 317840 258307 X 422472 463642 42700 42700 465172 506342 783012 764649 44016 -2846 0 X X 0 1 X 1 0 64440 64440 1177303 1167853 9450 1684954 1616941 68013 8357 8357 0 141903 METER DEPOSITS PAYABLE 27410 27410 401265 0 401265 0 401265 357249 0 357249 0 357249 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A DRAFT COPY OF FORM 990 TO ALL BOARD MEMBERS PRIOR TO FILING. THE BOARD REVIEWS THE FORM 990 AND ANY QUESTIONS OR CONCERNS ARE ADDRESSED PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS GIVEN TO ALL BOARD MEMBERS AT THE BEGINNING OF THE FISCAL YEAR. THE POLICY IS SIGNED ANNUALLY BY EACH BOARD MEMBER INDICATING THAT THEY HAVE READ AND UNDERSTAND THE POLICY. EACH BOARD MEMBER IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY POSSIBLE CONFLICT AT THAT TIME. ALL INFORMATION IS PROPERLY REPORTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE AUDITOR MEETS WITH THE BOARD OF DIRECTORS MAKING A FULL PRESENTATION OF THE IRS FORM 990 AT THE COMPLETION OF THE AUDIT. AT THIS TIME, ANY QUESTIONS ARE ANSWERED. THE AUDITOR WORKS CLOSELY WITH THE BOARD OF DIRECTORS DURING THE YEAR SHOULD ANY CONCERNS ARISE.