Board schedules Annual Meeting and election of Directors.

In its December 19 meeting, the Board directed Staff to arrange for the 2024 Annual Meeting of Shareholders to be held between March 15 and April 15.  The exact date will depend on the availability of a venue and critical people, allowing sufficient time for Shareholders to self-nominate, and to Continue reading Board schedules Annual Meeting and election of Directors.

Mezzatesta evaluates own performance in first year as President.

At the November 28 Board meeting, Frank Mezzatesta was asked what he is most proud of in his first year as President.  This was followed by, “What was most challenging?” and “What are you least proud of.”  After taking a few moments to think, this is what he said:  In Continue reading Mezzatesta evaluates own performance in first year as President.

Engineering firm hired to review alternative sites for Well #7.

MKN, an engineering firm, has been selected to evaluate potential sites for Well #7. By February, MKN will do an independent evaluation of sites previously reviewed by the Board and deliver a ranked-order report focusing on feasibility and hydrogeology. To make this a “blind study,” MKN will not receive site-specific Continue reading Engineering firm hired to review alternative sites for Well #7.

Record low water sales in 2023 drives cautious spending budget for 2024.

In the last 47 years, only in 1991 did Crestview sell less water than it did in the fiscal year ending November 30, 2023.  Unit sales were 32 percent, and revenues were 43 percent, under budget because of the extraordinary amount of rainfall.  Aware that FY2024 could also be very Continue reading Record low water sales in 2023 drives cautious spending budget for 2024.