HeatherRidge
Umbrella Board Meeting Minutes
August 2008
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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 | ||||||
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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) | ||
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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 | ||||||
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CRF CASH POSITION |
Totals 6/30/08 |
Operating 7/31/08 |
Reserves 7/31/08 |
Totals 7/31/2008 |
Change from Prev. Month |
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| 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) | |
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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 |
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CBRC CASH POSITION |
Totals 6/30/08 |
Operating 7/31/08 |
Reserves 7/31/08 |
Totals 7/31/2008 |
Change from Prev. Month |
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| $68,746.36 | $20,491.57 | $51,963.76 | $72,455.33 | $3,708.97 | ||
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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) |
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HHRC CASH POSITION |
Totals 6/30/08 |
Operating 7/31/08 |
Reserves 7/31/08 |
Totals 7/31/2008 |
Change from Prev. Month |
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| $40,570.53 | $7,335.05 | $32,767.31 | $40,102.36 | ($468.17) | ||
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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) |
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SBCRC CASH POSITION |
Totals 6/30/08 |
Operating 7/31/08 |
Reserves 7/31/08 |
Totals 7/31/2008 |
Change from Prev. Month |
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| $36,984.02 | $19,638.36 | $18,521.68 | $38,160.04 | $1,176.02 | ||
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SBCRC OPERATING INCOME & EXPENSES |
Actual | Budget |
Current Month Difference |
Actual YTD |
Year-to-Date Budget YTD |
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