Shareholders Discussing Crestview Mutual Water Co.
On February 24, the Board accepted the resignation of Director Dave Stephenson and unanimously elected Chris Ono to take his place. Ono has been serving on the Finance Committee since the summer of 2024 and has attended almost every Board meeting since then. Here is the statement he submitted when Continue reading Chris Ono elected to replace retiring Director Dave Stephenson.
At the November 25 Board meeting, President Dave Stephenson announced he will be moving away from Camarillo next spring and will not stand for reelection to the Board. He then called for an election of officers with immediate effect and these were the results: President Steven Muro (formerly Secretary) Continue reading Crestview has a new President and a new Interim General Manager.
The Board elected Director Dave Stephenson to succeed Frank Mezzatesta as President. The vote took place at the April 23 meeting, and the change is effective immediately. Other Officers were reelected: Vice President, Alma Quezada; Secretary, Steven Muro; and Treasurer, Laurie Bennett. Frank Mezzatesta remains on the Board and pledged Continue reading Board elects Dave Stephenson to succeed Frank Mezzatesta as President.
There was no official Annual Meeting on April 2 because there was no quorum. Informational reports were given and Shareholders commented. The FY2023 financial statements, which should have been sent to shareholders by March 18, 2024, were not available. They will be posted on the Crestview website when received from Continue reading Nothing happened at the Annual Meeting.
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.
Ann DeMartini has been retained as a business consultant. Crestview will benefit from her 16 years of experience running three local water companies from 1995 to 2010. She has represented mutual water companies on the board of the Association of Water Agencies and was president of AWA in 2010. She Continue reading Ann DeMartini retained as business consultant; Durrell McAdoo promoted to Water System Superintendent.
The Board approved in principle a proposal by Directors Muro and Stephenson to create committees of two or more shareholders led by one Director to address issues that could benefit from shareholder input. Their suggested committees are: Finance and Oversight Planning Shareholder Communications Bylaw Reform IT/Business Intelligence It is expected Continue reading Crestview to seek volunteer shareholders for committee work.
President Frank Mezzatesta’s report to the Annual Meeting discussed staffing plans following the retirement of GM Robert Eranio on May 25, to be effective in three months. Mezzatesta emphasized that Mr. Eranio left on his own and has three times turned down offers of a time-and-materials contract to continue contributing Continue reading Highlights of President’s report to Annual Meeting
The Board received reports at its June 30 meeting on several matters that could portend rate increases. Past president Sol Chooljian suggested the Board follow past practice of doing a complete mid-year budget review. The wet winter has meant that water sales revenue is about 67% ($476,000) under budget. Sales Continue reading Significant financial issues before the Board
The Agenda and Board Packet for the next meeting have been posted. After the Shareholders’ Public Forum, the minutes of the May 25 and June 12 meetings will be considered. Minutes of the Annual Shareholders Meeting of April 22, 2021, are also on the Agenda, but those should be approved Continue reading Next Board meeting Friday, June 30 at 5:30.