Joel Schmalzel and Clyde Smith were reelected to the Lugoff-Elgin Water Authority (L-EWA) Board during the organization’s annual meeting held Tuesday, while Ann Stewart was selected to fill the unexpired term of the late Vince Halter.
All three were elected unanimously. After each annual meeting, the seven member board also determines officer positions. No changes were made Tuesday. Consequently, Dr. Chuck Everett will continue to serve as L-EWA chairman, Smith as vice chairman, and Chip Mcaa as treasurer.
L-EWA General Manager Mike Hancock said that members reconsider officers after each annual meeting due to new members potentially being on the board. He explained that it gives the board “a chance to decide if they want to keep the same leadership or move somebody around.”
The terms of Schmalzel, who represents seat 5, and Smith, who represents seat 6, will expire in 2018. Stewart’s term will expire in 2015. She will be replacing Halter, who represented seat 7 until his death in May.
In other business Tuesday, Terry Hancock, an accountant for the firm of Hancock, Sheheen and Godwin, presented a financial audit report for the L-EWA.
He said that while the auditing figures “are not complete yet,” the organization is “in better shape now than we were a year ago.”
“Our total current assets went up by about $55,000. That’s a good thing. Our equipment and construction progress went up by $622,000. That’s another good thing. Our bonds payable went down $1,035,000. That’s a good thing. Total liabilities went down $1,064,603. That’s also a good thing,” he said. “Our revenue increased by $245,000 and our operating expenses increased by $119,000, so there’s a plus there as well.”
Everett said Hancock’s presentation showed that the L-EWA remains “in pretty good financial shape.”
He also indicated that the organization continues to fulfill its ultimate goal.
“Our mission is to provide safe, clean water,” Everett said. “Our entire community, the prosperity and success of our community, is based on that simple ideal. That is being accomplished with the 7,500 customers, both homeowners and businesses, which we now serve.”
The L-EWA services customers in Kershaw, Fairfield and Richland Counties. Board meetings are held the first Thursday of each month at 5:30 pm. The meetings are open to the public and are held at the L-EWA’s office, located at 88 Boulware Road, Lugoff.