Hi there and welcome to the board!
I had always thought (as per the instructions on the cans we use) that it was best to use cooled boiled water, but last year I read some information that powdered formula is not sterile and that making it with freshly boiled water or boiled water left to cool for exactly 30 minutes is best to kill off any possible bugs. Here is an example of this advice:
INFANT FORMULA MILK POWDER TECHNOLOGY
Scroll down to the 'making up infant formula' heading for the right part
I personally always shake the bottles (hard!!) to get the formula mixed up (and because it's quite fun!

) and I also usually make up in the evening all the bottles for the next day and keep them cooled in the fridge until they're needed.
It's nice to have you here - I hope you'll stay a while