GOVERNANCE AND ADMINISTRATION
Board of Directors
RWC is governed by a seven-member Board of Directors. The Board of Directors has general charge of the business and affairs of the Company and may do and perform all acts necessary to carry out its purposes. The Officers of the Board of Directors arc elected by the Board for
one-year terms. As of the date hereof, the members of the Company's Board of Directors were as follows-
NAME OCCUPATION YEARS ON BOARD
Neal S. Clevenger President/General Manager of the Company 28
Juel Clevenger Retired 26
Stan Atkinson Accountant 9
Robert Rieckef Attorney 1st year
Lee Clevenger Retired 16
Bill Van Dyke Former Missouri Public Service Executive and Engineer 14
Chiki Thompson Company & Staff Representative 4
Officers
The Company's Board of Directors has delegated authority for the management and daily operations of the Company to the President and Chief Executive Officer and the administrative staff. The President and General Manager is Neal Clevenger, grandson of the founder of the Company. Neal has been Secretary of the Company since 1986, General Manager since 1987 and President and General Manager since April, 1993. His wife, Mitsue Clevenger is Secretary since January 2003.
Facilities
Headquarters Building
RWC owns its corporate headquarters building at 9820 E. 63rd Street in Raytown, Missouri. This structure is approximately 2,500 square feet, and has housed the company's administrative, customer service and billing functions since 1938.
Transmission and Storage
The Company's water System consists of four water storage facilities, approximately 69 miles of water main, and distribution lines. Distribution storage is provided in three facilities, as follows:
Hydropillar Tower 9406 East 63"1 Street 2,000,000 gallons
Gregory Tower 350 Highway & Gregory 250,000 gallons
Chapel Tower 51st & Blue Ridge Boulevard 250,000 gallons
All three towers in operation have telemetrics located at the Company's office. The Company also owns a 50,000-gallon storage tower, which is not presently in use.
The distribution system consists of approximately 69 miles of main. The transmission system consists of 16-inch through 6-inch PVC and ductile iron pipelines. Older portions of the System include 2-inch galvanized pipe, which the Company has been in process of replacing since
1992, and which upgrading will continue throughout 2006. The Company has spent approximately $ 216,128 for 3,377 feet of main replacements in 2003. 2002, the average day System delivery was 1.3million gallons.
Rate Matters and Regulation
RWC is subject to regulation by the Missouri Public Service Commission, which has jurisdiction over all investor-owned utilities operating within the state with respect to setting rates, rendering service and issuance of securities. In order to meet increased costs of furnishing water and wastewater services and to earn a fair rate of return on its rate base RWC periodically seeks increases in its rates and fees as required.
The statutory time frame for the approval of new rates is 11 months from the date of filing. Water rate charges are collected by the Company based upon a rates approved by the MPSC.
