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Financials – Budgets

Updated: 08/2022

 


The Leeds Domestic Waterusers Association
Financials & Budgets

2013 – Present* (*once year is completed)

 

The LDWA is classified as a § 501(c)(12) organization, which according to the IRS website is classified as:
Benevolent Life Insurance Associations, Mutual Ditch or Irrigation Companies, Mutual or Cooperative Telephone Companies, or Like Organizations (if 85 percent or more of the organization’s income consists of amounts collected from members for the sole purpose of meeting losses and expenses)

Financial Information
Leeds Domestic Waterusers Associations follows all fiscal management rules and regulations provided by the State of Utah. As such, all financial decisions, acquisitions, and transactions are fully transparent and budgets and bond issues are approved by the Board, in accordance to the Associations ByLaws. Annual audits, loans and bond disclosures/updates are also performed and provided to the public as well. You may review these documents below.

The Basics of Budgeting for a Non-Profit Organization

BUDGETS

2032 2031 2030 2029 2028 2027 2026 2025 2024 2023
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013

 

LOANS [DDW/DEQ “PROJECT UPGRADE” LOAN #3F138]

LDWA continues to pay down the principal of the “Project Upgrade” DDW/DEQ #3F138 Loan WITHOUT charging additional fees or increasing rates to Shareholders. As of February 2023, we have paid $831,000.00 off the original principal amount of $1,104,000.00, with a current balance due of $242,000.00. 

DDW LOAN # 3F138 WorkSheet