2026-08-11T15:55:02-05:00 2025-12-31 413051183 NICHOLS CAULEY ADVISORY GROUP LLC 1300 BELLEVUE AVENUE DUBLIN GA 310214152 990 2025-01-01 591350003 BONITA SPRINGS UTILITIES INC BONI 2399920711 11900 EAST TERRY STREET BONITA SPRINGS FL 34135 ANDY KOEBEL EXECUTIVE DIRECTOR 2399920711 2026-08-11 1 CHRISTOPHER MCGUIRE P01869417 4782751163 2026-08-11 2025 2025-03-06 01:10:19Z ANDY KOEBEL 11900 EAST TERRY STREET BONITA SPRINGS FL 34135 94907862 0 X WWW.BSU.US X 1970 FL SALE OF WATER AND WASTEWATER TO MEMBERS 9 0 166 0 0 0 1569031 0 47855675 50272837 1715897 2435651 202906 281268 51343509 52989756 0 0 0 0 14786975 15065344 0 0 0 30916648 31825212 45703623 46890556 5639886 6099200 387730368 409848997 58811974 54946114 328918394 354902883 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 32,075 CONNECTIONS AND WASTEWATER SERVICE TO APPROXIMATELY 29,219 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 43 0 1 166 1 0 0 0 0 0 50272837 2716919 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 FL X ORGANIZATION 2399920711 11900 EAST TERRY STREET BONITA SPRINGS FL 34135 ROBERT BACHMAN TREASURER 12.00 X X 26177 0 0 MIKE MALLOY DIRECTOR 12.00 X 26177 0 0 PAUL ATTWOOD DIRECTOR 12.00 X 26177 0 0 BRIAN FARRAR VICE PRESIDENT 12.00 X X 26177 0 0 VICENT MARCHESANI DIRECTOR 12.00 X 26177 0 0 RICHARD GARNER PRESIDENT 12.00 X X 26177 0 0 LAWRENCE KOSILLA DIRECTOR 12.00 X 26177 0 0 JAMES MURPHY SECRETARY 12.00 X X 26177 0 0 WAYNE BAUMAN DIRECTOR 12.00 X 26177 0 0 JOSE ESPINOZA IT MANAGER 40.00 X 136662 0 48495 STEVEN RICHARDS DIRECTOR OF FINANCE 40.00 X 200308 0 30562 KIM HOSKINS DIRECTOR OF ENGINEERING 40.00 X 194005 0 53672 ANDREW KOEBEL EXECUTIVE DIRECTOR 40.00 X 282934 0 63398 NATHALIE GALVAN HUMAN RESOURCES MANAGER 40.00 X 140465 0 25148 1189967 0 221275 5 0 1 0 CH2M HILL ENGINEERS INC PO BOX 201869 DALLAS TX 75320 CONSTRUCTION 10653467 MITCHELL & STARK CONSTRUCTION INC 9009 HIGH COTTON LANE FORT MYERS FL 33905 CONSTRUCTION 6168610 SPRYPOINT SERVICES INC 45 QUEEN ST SUITE 401 CHARLOTTETOWN PE CA C1A 4A4 SOFTWARE 881170 MATHESON TRI-GAS INC 156 PERMA R RD JOHNSON CITY TN 37604 INDUSTRIAL EQUIPMENT 709549 LHOIST NORTH AMERICA OF ALABAMA LLC 7444 AL-25 SOUTH CALERA AL 35040 SUPPLIES 693856 55 WASTERWATER CHARGES 221000 27289099 27289099 WATER SALES 221000 21576750 21576750 OTHER FEES AND CHARGES 221000 1406988 1406988 50272837 2360013 2360013 41946803 46941 41486178 431928 460625 -384987 75638 75638 MISCELLANEOUS INCOME 221000 281268 281268 281268 52989756 50554105 0 2435651 X 1189967 9331522 797895 2962187 783773 256503 392399 58050 55335 488447 354817 978006 3279139 63385 288361 17252188 1152200 CHEMICALS 2637451 EQUIPMENT M&R 895129 MATERIALS AND SUPPLIES 705323 DIST & COLLECTION REPAI 627381 2341098 46890556 1840419 3456136 6033684 12108096 4979023 4614138 12433635 4623178 1047885 973195 849403 726378 671159916 360380480 301530263 310779436 57263757 67157131 1752299 5411309 387730368 409848997 1906493 3218285 5059247 4614747 35795000 29815000 9461068 8957900 6590166 8340182 58811974 54946114 X 0 0 179147152 201478612 149771242 153424271 328918394 354902883 387730368 409848997 X 6099200 1224593 18660696 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3711222 3711222 278802958 137036386 141766572 28214843 16821310 11393533 360430893 206522784 153908109 310779436 U.S. TREASURY NOTES 24972457 F FEDERAL AGENCY BONDS/NOTES 11932929 F CORPORATE NOTE 16199395 F SUPRANATIONAL NOTES 460996 F AGENCY MORTGAGE-BACKED SECURITIES 8888671 F MUNICIPAL BONDS/NOTE 271985 F COMMERCIAL PAPER 4102913 F CERTIFICATES OF DEPOSIT 327785 F 67157131 RETAINAGE PAYABLE 1669007 CUSTOMER DEPOSITS 3443892 OTHER CURRENT LIABILITIES 1391737 ACCRUED BOND INTEREST 92397 INJECTION WELL RETIREMENT OBLIGATION 1743149 8340182 X 54214349 1224593 1224593 52989756 0 52989756 50564334 3673778 3673778 46890556 0 46890556 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, 2025 AND 2024. 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 3,673,778. X 1 1 X X X 0 1 0 ANDREW KOEBEL EXECUTIVE DIRECTOR 282934 0 0 0 0 0 28482 0 34916 0 346332 0 0 0 KIM HOSKINS DIRECTOR OF ENGINEERING 194005 0 0 0 0 0 18756 0 34916 0 247677 0 0 0 STEVEN RICHARDS DIRECTOR OF FINANCE 200308 0 0 0 0 0 19228 0 11334 0 230870 0 0 0 JOSE ESPINOZA IT MANAGER 136662 0 0 0 0 0 13671 0 34824 0 185157 0 0 0 NATHALIE GALVAN HUMAN RESOURCES MANAGER 140465 0 0 0 0 0 13879 0 11269 0 165613 0 0 0 A LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 591793462 2020-08-06 37400000 REFUND SERIES 2020 BONDS 0 0 0 B LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 591793462 2021-09-29 20000000 REFUND SERIES 2021 BONDS 0 0 0 A 22665000 37400000 344365 37400000 2020 1 0 1 1 B 4920000 20000000 266405 20000000 2021 0 0 1 1 A 0 0 0 0 0 0 0 B 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 A 1 B 1 X WATER DISTRIBUTION LINE 1 0 ENGINEERING CERTIFIC X WASTE 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 UTIITIES, INC. RECEIVED WATER DISTRIBUTION AND WASTE WATER COLLECTION LINES WITH A VALUE OF $9,809,346 . 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 2023. 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 57,612. LAB TESTING SERVICE 184,676. GROUNDS MAINTENANCE 246,159. FORM 990, PART IX, LINE 24E METER INSTALLATION COSTS 388,184. VEHICLE EXPENSES 361,209. LOCKBOX/CREDIT CARDS 359,482. PROFESSIONAL SERVICES 311,124. ELECTRICAL/ELECTRONICS 282,110. SMALL TOOLS & EQUIPMENT 221,099. LAB/TESTING SUPPLIES 110,199. SAFETY EQUIPMENT 87,488. CONFERENCES/CONVENTIONS 73,191. DUES & SUBSCRIPTIONS 63,559. UTILITY, ROAD REPAIRS 38,596. RENTAL OF EQUIPMENT 20,447. CONSERVATION PROGRAM 10,963. BAD DEBT EXPENSE 7,347. DONATIONS 5,725. OTHER 375. FORM 990, PART XI, LINE 9: AMORTIZATION OF CONTRIBUTIONS IN AID OF CONSTRUCTION - CY -3,673,778. CASH CONTRIBUTIONS IN AID OF CONSTRUCTION (SEE STMT BELOW) 12,522,114. PROPERTY CONTRIBUTIONS IN AID OF CONSTRUCTION 9,809,346. CAPITAL CREDITS RETURNED TO EQUITY 3,014. 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.