BOARD OF DIRECTORS MEETING, HeatherRidge Umbrella Association (HUA), August 26, 2008

These minutes have not yet been approved by the HUA Board.  Any corrections, additions, or deletions  will be made at the next regular HUA Board meeting prior to official approval.

President Carol Marker called the meeting to order at 7:00 pm.  Present:  Todd Campbell, Rick Francisco, Paul Kelly, Carol Marker, Patrick Perry, Jim Petkus, and Jim Servis.  Sam Dent and Gordon Lind were absent. 

JULY 22, 2008 MINUTES:  Todd Campbell made a motion to approve the July 22, 2008 minutes, seconded by Paul Kelly.  At vote, four aye, one abstention, motion carried.

PRESIDENT’S REMARKS:  Carol Marker made no specific remarks.

TREASURER’S REMARKS:  Paul Kelly gave the Treasurer’s Report and detail.  Patrick Perry made a motion, seconded by Todd Campbell, to receive and accept the Treasurer’s Report.  At vote, five aye, motion carried.

 

PRELIMINARY Treasurer's Report for July 31, 2008
UMBRELLA CASH POSITION	Totals 6/30/08	Operating 7/31/08	Reserves 7/31/08	Totals 7/31/2008	Change from Prev. Month
	$518,421.85	$110,110.84	$396,132.62	$506,243.46	($12,178.39)
UMBRELLA OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$120,062.77	$118,950.69	$1,112.08	$837,008.52	$832,654.83	4353 20/29
Landscape	$53,444.03	$56,293.62	$2,849.59	$402,417.22	$385,613.84	($16,803.38)
Security	$17,893.98	$21,233.58	$3,339.60	$139,755.29	$158,911.09	$19,155.80
Administration	$17,930.27	$17,807.78	($122.49)	$130,127.48	$126,677.67	($3,449.81)
Maintenance	$15,642.33	$21,731.17	$6,088.84	$160,939.45	$152,667.54	($8,271.91)
Total Expenses	$104,910.61	$117,066.15	$12,155.54	$833,239.44	$823,870.14	($9,369.30)
INCOME (LOSS)	$15,152.16	$1,884.54	$13,267.62	$3,769.08	$8,784.69	($5,015.61)
			$13,267.62
CRF CASH POSITION	Totals 6/30/08	Operating 7/31/08	Reserves 7/31/08	Totals 7/31/2008	Change from Prev. Month
CRF	$15,789.23	$6,892.41	$11,616.26	$18,508.67	$2,719.44
CRF-Clubhouse	$13,911.30	$16,749.20		$16,749.20	$2,837.90
Golf	$174,706.44	$97,396.40	$61,828.16	$159,224.56	($15,481.88)
TOTALS	$204,406.97	$121,038.01	$73,444.42	$194,482.43	($9,924.54)
CRF & CLUBHOUSE OPER INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$14,436.85	$12,287.90	$2,148.95	$86,797.18	$88,515.30	($1,718.12)
EXPENSES	$11,851.53	$3,578.94	($8,272.59)	$72,793.23	$79,296.04	$6,502.81
INCOME (LOSS)	$2,585.32	$8,708.96	($6,123.64)	$14,003.95	$9,219.26	$4,784.69
CBRC CASH POSITION	Totals 6/30/08	Operating 7/31/08	Reserves 7/31/08	Totals 7/31/2008	Change from Prev. Month
	$68,746.36	$20,491.57	$51,963.76	$72,455.33	$3,708.97
CBRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$2,918.28	$2,569.68	$348.60	$19,243.29	$17,987.76	$1,255.53
EXPENSES	$3,069.89	$2,332.78	($737.11)	$22,425.24	$17,365.46	($5,059.78)
INCOME (LOSS)	($151.61)	$236.90	($388.51)	($3,181.95)	$622.30	($3,804.25)
HHRC CASH POSITION	Totals 6/30/08	Operating 7/31/08	Reserves 7/31/08	Totals 7/31/2008	Change from Prev. Month
	$40,570.53	$7,335.05	$32,767.31	$40,102.36	($468.17)
HHRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$3,873.99	$3,624.83	$249.16	$25,974.66	$25,628.81	$345.85
EXPENSES	$6,803.37	$4,134.15	($2,669.22)	$24,564.72	$24,144.05	($420.67)
INCOME (LOSS)	($2,929.38)	($509.32)	($2,420.06)	$1,409.94	$1,484.76	($74.82)
SBCRC CASH POSITION	Totals 6/30/08	Operating 7/31/08	Reserves 7/31/08	Totals 7/31/2008	Change from Prev. Month
	$36,984.02	$19,638.36	$18,521.68	$38,160.04	$1,176.02
SBCRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD