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The Numbers
 

Operating efficiency is a concern to all Crestview shareholders. One-third of your water bill is for employee salaries and benefits.

Crestview water is 69% more expensive than Camarillo City water. Rates as of January 1, 2020 are per 1,000 gallon units:
Camarillo City Water ( + $28 service fee / 1” main)

Crestview Operating Costs
(Abbreviated - see Crestview P&L & Published Budget for full details)

 

  2019   
Actual (unaudited)
  2018   
Actual
  2017   
Actual
2016   
Actual
  2015   
Actual
  2014   
Actual
  2013   
Actual
Income                        
Water Service 1,210,770   1,424,620   1,278,267 1,167,800   1,131,800   1,384,000   1,167,700
Service Availability Fee 270,241   270,324   268.473 246,500   231,100   214,900   213,200
Other Income 66,975   820   5,085 100   38,000   14,100   14,100
Total Income 1,547,986   $1,709,218   $1,563,671 $1,443,700   $1,400,900   $1,613,000   $1,395,000
                         
                         
Salary and Benefits Expense
salary comparison
                       
Salaries (3 full time, 1 part time employee)        
-
-
  357,000   348,600   349,700
Salaries (3 employees) 234,802   238,593   231,967 229,300  
-
 
-
 
-
Outside Services - Operations* 208,619   204,735   197,637 223,240   5,200   7.400   6,500
Group Medical Insurance 36,659   41,711   42,616 35,180   89,900   95,700   80,600
Pension Expense 14,125   21,168   20,783 19,440   25,100   31,600   31,200
Work Comp. Insurance 8,641   8,484   12,139 11,760   18,000   15,100   12,700
Payroll Taxes 19,833   19,764   19,662 17,890   27,800   26,500   26,300
401K Record Keeping Fee 0   0   610 2,530   2,900   2,200   2,100
Total Salary and Benefits $522,679   $534,455   $525,414 $539,340   $521,000   $519,800   $503,400
                         
Outside Water Purchased (COGS) 253,491   426,181   192,685 225,548   349,700   427,900   261,300
                         
Plant Operations Power 99,968   92,074   100,503 97,400   87,000   108,600   98,200
General Liability Insurance 21,670   21,461   20,388 21,280   24,600   25,200   27,100
Professional Fees 196,332   39,641   8,336 16,890   15,500   12,000   9,300
Miscellaneous Expenses and Taxes (See P&L) 496,356   216,969   178,171 218,338   523,800   396,500   368,500
Total Expenses 1,580,396   $1,624,093   $1,319,396 $1,371,730   $1,521,600   $1,458,300   $1,267,200
Net Income ($32,409)   $85,125   $244,275 $71,900   ($120,600)   $154,800   $127,800

* recipients not disclosed

 

Competitive Rates


City / Water Company Monthly Service Charge (Stand by) Tier 1 Water Rate / 1000 Gallons (1 unit) Subsequent Unit Rate
City of Camarillo (2017) $25.00 $2.06 / first 6.7 units

$4.91 from 6.7 to 13.5 units
$6.22 from 13.5 to 17.9 units
$8.67 all water over 18 units


Crestview (2019) $27.00 @ $9.00 / share (3 sh avg)
$54.00 @ $9.00 / share (6 sh avg)


$3.15 / first 7 units per share
(3 shares would = 21 units)

$6.20 from 8-to 14 units per share
$9.40 all water over 14 units per share

Camrosa (2017) $22.72 $4.10 / first 9 units $4.44 / all water over 9 units

 

 

Previous Crestview Shareholder Water Rates
(2500 shares/outstanding)

1-1-19 1-1-2017 1-1-2016 1-1-2015
(increase 7-1-2015)
1-1-2014 1-1-2013
Allocation per Share 84,000*
(7,000 gal/mo.)
84,000*
(7,000 gal/mo.)
84,000*
(7,000 gal/mo.)
84,000*
(7,000 gal/mo.)
96,000*
(8,000 gal/mo.)
100,000*
(8,300 gal/mo.)
Standby Rate / Share $9.00 $9.00 ↑   $8.25 ↑   $7.75   $7.15        
      % $/1000 gal % $/1000 gal % $/1000 gal   % $/1000 gal
Tier 1 $3.15 ↑ $3.00 59% $3.00 ↑ 66% $2.85 62% $2.65   81% $2.48
Tier 2 (8-14 units) $6.20 ↑ $6.00 41% $6.00
33%
$5.40
($6.00)
38% $5.40   19% $5.25
Tier 3 (14+ units) $9.40 ↑ $8.80 ↑
-
$8.00
-
$6.95
($8.00)
-
$6.95  
-
$6.80
*Gallons per Share per year.
1 unit = 1000 gal