INSCRIPTION CANYON WATER COMPANY
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NEWS
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. It has since expanded the area of service to include the Preserve, Whispering Canyon and Talking Rock Ranch and is the sole provider of potable water to those developments.
The non-profit water utility is owned by members within the developments that it serves. It presently is governed by a five-member board of directors elected by the members each December. The board members are volunteers, elected for a two-year term. Day to day management is accomplished with a contracted manager and other functions such as billing and accounting, and water systems operations are provided under contract agreements. The Association has no employees. The company currently services approximately 1100 customers, with the potential of growing to 2500 at full buildout.
The water company owns 3 and leases 2 producing wells, has 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 agreements, the company assumes ownership of 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 each subdivision. The company presently has over $13,000,000 in total assets.