Financial Update 09/14/2020
The Independent Auditor’s Report and Financial Statements for the 14 months ending December 31, 2018 have been completed and issued. (November 1, 2017 thru December 31, 2018.) The audtiors issued a clean opinion stating the financial statements presented fairly, in all material respects, the assets, liabilities and equity of Camp Creek Water Company, and its revenue and expenses.
A summary of the financial information is below. The full report is available at the CCWC office for review. We can also email a copy to you upon request.
December 31, 2018
Cash & Investments $3,660,746
Notes Receivable & Other $ 351,204
Fixed Assets (net of depr) $ 230,150
Total Assets $ 4,207,441
Payables & accrued expenses $ 49,038
Common Stock and Paid in Cap $ 52,154
Retained Earnings $ 4,106,249
Total Liabilities and Equity $ 4,207,441
Operating revenue – fees & Dues $ 288,816
Operating Expenses $ 508,523
Net Operating Loss ($ 219,707)
Other Revenue and Exp (Including royalties) $ 546,949
Net Income Before Federal Income Taxes $ 327,242
Federal Income Tax ($ 83,431)
Net Income after Taxes $ 243,811
The information for 2019 has been turned over to the auditor. Information will be released as soon as available.
Vegetation Update 10/02/2020
As part of Solitude's yearly management, they will provide vegetation mappings and assessments of the lake and continue to treat the common areas. Solitude spoke to the Board at the last Board meeting on their initial assessment of the lake and some on recommendations. The vegetation data and mappings will be used to determine the effectiveness of the treatment, whether that be herbicide and/or carp, and adjust accordingly and keeping in line with CCWC goals and budget. Solitude will provide the CCWC Executive Committee with a formal plan. Solitude and CCWC will be discussing a future meeting with interested lot owners. The date and time will be provided once this has been scheduled; however, we expect it to be in the first quarter of 2021.
NO DEER HUNTING AT CAMP CREEK WITH GUN, BOW OR OTHER MEANS! IF YOU HUNT AND KILL OR WOUND A DEER, THERE IS AN AUTOMATIC $1,000.00 FINE TO THE LOT OWNER AND FAILURE TO PAY THE FINE WILL RESULT IN THE LOSS OF YOUR LOT’S ANNUAL PERMIT UNTIL PAID. SEE ARTICLE 25 OF RULES & REGULATIONS. IN ADDITION, THE OFFENDING PARTY WILL BE TURNED OVER TO THE GAME WARDEN FOR INVESTIGATION, POSSIBLE LOSS OF TPWD LICENSE AND/OR TPWD FINES. CAMP CREEK WILL PROSECUTE VIOLATORS TO THE FULLEST EXTENT OF THE LAW. MANY THANKS TO THE 95+% OF LOT OWNERS WHO OBEY CAMP CREEK’S RULES & REGULATIONS!
Lake Management Companies
If you are interested in treating around your dock area, the following companies have provided the required proof of insurance, are knowledgeable of the lake and are approved to be on Camp Creek Lake for the purpose of your vegetation treatment:
Lochow Ranch Pond and Lake Management
Solitude Lake Managment
These companies must notify the CCWC office prior to launching any boats.
Veteran’s Day Breakfast
Ray Brodin Building
Saturday, November 7th
8am - 10am
CCWC would like to honor all lot owners who are Veterans. We appreciate you and your service for our country. In honor of you we are hosting a come and go breakfast for you and your spouse. (We will post COVID guidelines for this event closer to the event date.) Please RSVP to the office by Friday, October 30th. (CCWC@Windstream.net or call 979.828.2907)
Calling all good cooks!!!!!!
Any lot owners wishing to bring home cooked breakfast items for the Veteran’s Breakfast, please contact the office (CCWC@Windstream.net or call 979.828.2907)
Janice Bayer, Social Committee Chair