2026-02-27T13:25:59-06:00 2025-10-31 640897081 MATTHEWS CUTRER & LINDSAY PA 1020 HIGHLAND COLONY PKWY 500 RIDGELAND MS 39157 990 2024-11-01 640714105 LAKE LORMAN UTILITY CORPORATION LAKE 6019811657 PO BOX 298 FLORA MS 39071 BILL GROTHE TREASURER 6019811657 2026-02-07 1 1 CHARLES R LINDSAY CPA P00294610 6018988875 2026-02-07 2024 2025-03-06 01:10:19Z LAKE LORMAN UTILITY DISTRICT BILL GROTHE PO BOX 298 FLORA MS 39071 449574 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 395728 430520 5537 5800 0 13254 401265 449574 0 0 0 0 0 0 0 0 0 357249 353892 357249 353892 44016 95682 764649 799142 258307 197118 506342 602024 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: -ACHIEVED THE HIGHEST RATING OF "5" IN THE TECHNICAL, MANAGERIAL AND FINANCIAL CATEGORIES DURING THE ANNUAL AUDIT FROM THE MISSISSIPPI STATE DEPARTMENT OF HEALTH -COMPLETED PHASE 1 OF THE LAGOON IMPROVEMENT PROJECT - COMPLETED ALL REPAIRS AND UPGRADES OF THE WATER SYSTEM DAMAGE INCURRED FROM THE STORM DAMAGE ON 7/13/25 -FINALLY RECEIVED A FINANCIAL SETTLEMENT FROM AT&T FOR THE DAMAGES WE INCURRED WHILE THEY WERE INSTALLING FIBER OPTIC LINES IN OUR DISTRICT 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 3 0 1 0 0 0 0 0 0 0 0 0 0 430520 19054 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 FORMER TREASURER 1.00 X X 0 0 0 GRAM HOPKINS MEMBER AT LARGE 1.00 X 0 0 0 BILL GROTHE TREASURER 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 SEWER REVENUE 221000 237751 237751 WATER REVENUE 221000 186388 186388 TAP & TRENCH-NEW METER 221000 3919 3919 WATER PENALTY REVENUE 221000 2462 2462 430520 2800 2800 3000 0 3000 3000 3000 MISCELLANEOUS REVENUE 900099 13254 13254 13254 449574 443774 0 5800 15763 500 13050 1585 53918 5055 30069 6338 REPAIRS & MAINTENANCE 221122 MISCELLANEOUS EXPENSE 4567 PER DIEM 1925 353892 193577 30209 388022 607683 29494 25828 2944279 2823220 141903 121059 11653 14363 764649 799142 269 269 230628 168329 27410 28520 258307 197118 X 463642 559324 42700 42700 506342 602024 764649 799142 95682 0 X X 0 1 X 1 0 64440 64440 1177303 1170372 6931 1694179 1644491 49688 8357 8357 0 121059 METER DEPOSITS PAYABLE 28520 28520 449574 0 449574 0 449574 353892 0 353892 0 353892 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.