About Inscription Canyon Water Company
Inscription Canyon Water Company was formed in October of 2020. It came about as a successor to the Inscription Canyon Water Users Association, which was originally formed as a non-profit water company in 1995. This re-incorporation was performed to eliminate a legacy legal linkage between the ICRWUA and an HOA from one of the original developments in our community.
At the time of formation of the original utility, the company served a territory including the Inscription Canyon Subdivision, under authority of and regulation by the Arizona Corporation Commission. Read more >>
The water company is owned by members within the subdivisions it serves. It presently is governed by a five-member board of directors elected by the members. The board members are volunteers, elected for a two-year term. Day to day management, (including billing and accounting) and water systems operations are provided under contract agreements. The Association has no employees.
In 2002 the Corporation Commission approved extensions of the service territory to include the subdivisions of Whispering Canyon, Talking Rock and The Preserve. The total number of potential customers within the current service territory is approximately 2500. The company now has approximately 750 customers, with projections of 1000 by 2025..
The water company owns 3 and leases 2 producing wells, 4 storage tanks, 4 distribution pump facilities, and miles of underground pipe and many dozens of fire hydrants. The assets were constructed by various developers of the subdivisions. Under a contractual agreement, the Association owns the assets and is obligated to repay some of the cost of construction over a 25-year period with a percentage of the revenue generated from the customers in that subdivision. The company presently has over $11,000,000 in total assets.