2022-11-17T16:31:34-06:00 2021-12-31 742920819 ATCHLEY & ASSOCIATES LLP 1005 LA POSADA DRIVE AUSTIN TX 78752 990 2021-01-01 742114017 DRIPPING SPRINGS WATER SUPPLY CORPORATION DRIP 5128587897 101 HAYS ST 416 DRIPPING SPRINGS TX 78620 REX MILLER SECRETARY/TREASURER 5128587897 2022-11-15 1 REX MILLER 999009999 RENAE DUNCAN P01257722 5123462086 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MARK KEY 101 HAYS ST 416 DRIPPING SPRINGS TX 78620 6673921 0 X WWW.DRIPPINGSPRINGSWATER.COM X 1964 TX TO FURNISH A WATER SUPPLY SERVICE FOR GENERAL FARM AND DOMESTIC PURPOSES FOR INDIVIDUALS RESIDING IN THE COMMUNITY OF DRIPPING SPRINGS, TEXAS, AND TO MAKE AND COLLECT CHARGES FOR THIS SERVICE. 6 6 15 6 0 0 0 0 6970813 6665539 -4611 6006 6184 2376 6972386 6673921 11000 13100 0 0 950436 999246 0 0 0 2191602 2444637 3153038 3456983 3819348 3216938 17109163 20535258 300261 636457 16808902 19898801 TO FURNISH A WATER SUPPLY SERVICE FOR GENERAL FARM AND DOMESTIC PURPOSES FOR INDIVIDUALS RESIDING IN THE COMMUNITY OF DRIPPING SPRINGS, TEXAS, AND TO MAKE AND COLLECT CHARGES FOR THIS SERVICE. 0 0 TO FURNISH A WATER SUPPLY FOR GENERAL FARM AND DOMESTIC PURPOSES FOR INDIVIDUALS RESIDING IN THE COMMUNITY OF DRIPPING SPRINGS, TEXAS, AND TO MAKE AND COLLECT CHARGES FOR THIS SERVICE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 15 1 0 0 0 0 0 6665539 8382 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X RICK BROUN AJ GRAY 5128587897 101 HAYS ST SUITE 416 DRIPPING SPRINGS TX 78620 WILLIAM JACKSON BOARD PRESIDENT 2.00 X X 0 0 0 MARK KEY VICE PRESIDENT 1.00 X X 0 0 0 REX MILLER SECRETARY/TREASURER 1.00 X X 0 0 0 TRAVIS CROW BOARD MEMBER 1.00 X 0 0 0 DONNIE WILLIAMSON BOARD MEMBER 1.00 X 0 0 0 CHARLIE BUSBEY BOARD MEMBER 1.00 X 0 0 0 KYLE DANNHAUS GENERAL MANAGER (UNTIL 10/21) 40.00 X 113766 0 17409 AJ GRAY OPERATIONS MANAGER (AS OF 10/21) 40.00 X 99524 0 28335 RICK BROUN GENERAL MANAGER (AS OF 10/21) 40.00 X 75483 0 21810 288773 0 67554 1 0 0 0 LANDMARK STRUCTURES 1165 HARMON ROAD FORT WORTH TX 76177 ELEVATED STORAGE TANK 949095 JIMMY EVANS PO BOX 9749 AUSTIN TX 78766 INFRASTRUCTURE 546502 ALTERMAN INC PO BOX 700490 SAN ANTONIO TX 78270 INFRASTRUCTURE MAINTENANCE & REPAIRS 318441 BURGESS & NIPLE INC 330 RUSH ALLEY SUITE 700 COLUMBUS OH 43215 ENGINEERING FEES 121820 FERGUSON WATERWORKS PO BOX 847411 DALLAS TX 752847411 CONSTRUCTION IN PROGRESS 109973 5 WATER SALES 221000 4326229 4326229 DEVELOPER AND MEMBERSH 221000 1857000 1857000 OTHER FEES AND INSTALL 221000 437913 437913 WASTEWATER COLLECTION 221000 44397 44397 6665539 3881 3881 2125 0 2125 2125 2125 OTHER INCOME 900099 2376 2376 2376 6673921 6670040 0 3881 3100 10000 356326 399551 9834 173529 60006 27540 56904 23659 51987 54559 143246 14374 1734 440052 34257 PURCHASED WATER 807927 MATERIALS, SUPPLIES, & 693734 BANK AND CREDIT CARD FE 56802 MISCELLANEOUS 28772 9090 3456983 5447503 7167366 803193 803113 38359 24822 16950326 4410369 10820108 12539957 17109163 20535258 82588 324470 95537 2700 122136 309287 300261 636457 X 16808902 19898801 16808902 19898801 17109163 20535258 3216938 -127039 0 X 0 1 X 1 0 496942 496942 99820 39693 60127 5958 4411 1547 14994111 4366265 10627846 1353495 1353495 12539957 CUSTOMER DEPOSITS 36172 DUE TO CITY OF DRIPPING SPRINGS 264960 CREDIT CARD PAYABLE 8155 309287 X 6673921 0 6673921 0 6673921 3456983 0 3456983 0 3456983 PART X, LINE 2: THE CORPORATION HAS ADOPTED FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THAT STANDARD PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. THE CORPORATION HAS ANALYZED THE TAX POSITIONS TAKEN OR EXPECTED, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2021 AND 2020, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 SCHOLARSHIPS 10 10000 PART III LINE 1 FINANCIAL SCHOLARSHIPS ARE OFFERED TO HIGH SCHOOL SENIORS GRADUATING FROM THE DRIPPING SPRINGS HIGH SCHOOL OR FROM PRIVATE SCHOOLS INSIDE THE DRIPPING SPRINGS WATER SUPPLY CORPORATION'S SERVICE AREA, AND TO STUDENTS WHO ARE HOME SCHOOLED WHOSE PARENTS ARE MEMBERS OF THE WATER SUPPLY CORPORATION. THE APPLICANTS COMPLETE AN APPLICATION DESCRIBING THEIR ACHIEVEMENTS, GOALS, AND THE INSTITUTION THEY WILL BE ATTENDING, AND THE BOARD OF DIRECTORS SELECTS THE RECIPIENTS. THE SCHOLARSHIP CHECKS ARE SENT DIRECTLY TO THE RECIPIENTS' CHOSEN INSTITUTES OF LEARNING. FORM 990, PART VI, SECTION A, LINE 6 EVERY PERSON OWNING OR HAVING A LEGAL RIGHT TO THE CONTROL, POSSESSION OR OCCUPANCY OF PROPERTY SERVED BY THE CORPORATION SHALL HAVE THE RIGHT TO BECOME A MEMBER OF THE CORPORATION UPON PAYMENT OF THE MEMBERSHIP FEE AND UPON COMPLIANCE WITH THE CORPORATION'S CONDITIONS OF WATER SERVICE AS DESCRIBED IN ITS PUBLISHED CHARGES, RATES AND CONDITIONS OF SERVICE. FORM 990, PART VI, SECTION A, LINE 7A THE DIRECTORS ARE ELECTED BY THE MEMBERS AT THE MEMBERS' REGULAR MEETING AS DESCRIBED IN ARTICLE XI OF ITS BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT VIA A CONFLICT OF INTEREST STATEMENT AT A BOARD MEETING PRIOR TO THE CORPORATION'S ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE GENERAL MANAGER REPORTS TO THE BOARD OF DIRECTORS WHO SETS HIS/HER COMPENSATION FOR THE UPCOMING YEAR. EMPLOYEE WAGES SET BY GENERAL MANAGER. FORM 990, PART VI, SECTION C, LINE 19 WITH PRIOR WRITTEN CONSENT, CORPORATE RECORDS, BOOKS AND ANNUAL REPORTS SHALL BE AVAILABLE FOR PUBLIC INSPECTION AND COPYING DURING NORMAL BUSINESS HOURS.