The Finance Committee would like to welcome it's newest member, David Pierce. He has an excellent background in finance and will be a great asset to our committee.
In our last meeting we reviewed the March financial statements. Bad news first. With the snow storms we had in March, we ended up going over our snow removal budget for the month and the year. As of March, we have 13.56% of our homeowners delinquent on their accounts. While that is down over 7% from February, it can always go lower! We understand that there are many homeowners going through hard times, please work with the management team to get your accounts up-to-date.
In our last meeting we reviewed the March financial statements. Bad news first. With the snow storms we had in March, we ended up going over our snow removal budget for the month and the year. As of March, we have 13.56% of our homeowners delinquent on their accounts. While that is down over 7% from February, it can always go lower! We understand that there are many homeowners going through hard times, please work with the management team to get your accounts up-to-date.
Here's some good news! We will be finishing the exterior trim painting projects on Calton, Zephyr, Grandville, Lake Falls and Daybreak Rim. We will also be starting the enclosed patio painting on Lake Bridge this Summer! We'd also like to welcome our new maintenance man Luis. He is working for all the sub-associations to help repairs and general maintenance get done quicker. Yea!!
The Landscape Committee has been formed and will be walking through the association to prioritize landscape repairs and enhancements. They will also determine a future maintenance schedule for the Finance Committee to review so an appropriate budget can be established to get our homes looking good again.
An Audit Schedule resolution will be presented to the Board of Directors for review and approval. This resolution is to ensure an audit will be completed, by a professional accountant, at least every 3 years, so we will be having an audit done next year.
Watch for the next update the third week of May. Also, make a note that the next Open Board meeting is May 22 at 7pm at the DCC.
The Landscape Committee has been formed and will be walking through the association to prioritize landscape repairs and enhancements. They will also determine a future maintenance schedule for the Finance Committee to review so an appropriate budget can be established to get our homes looking good again.
An Audit Schedule resolution will be presented to the Board of Directors for review and approval. This resolution is to ensure an audit will be completed, by a professional accountant, at least every 3 years, so we will be having an audit done next year.
Watch for the next update the third week of May. Also, make a note that the next Open Board meeting is May 22 at 7pm at the DCC.
Beth Hill
Co-Chair Finance Committee
