BOARD OF DIRECTORS MEETING, HeatherRidge Umbrella Association (HUA), July 22, 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, Gordon Lind, Jim Petkus, and Jim Servis.  Sam Dent and Patrick Perry were absent. 

JUNE 24, 2008 MINUTES:  Todd Campbell made a motion to approve the June 24, 2008 minutes, seconded by Gordon Lind.  At vote, all aye, motion carried.

PRESIDENT’S REMARKS:  Carol Marker noted that Sam Dent is in the hospital for medical procedures, he is in the thoughts and prayers of the HUA Board and community.  Carol Marker thanked Todd Campbell for being the Acting President as she was on leave of absence.   

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

PRELIMINARY Treasurer's Report for June 30, 2008
UMBRELLA CASH POSITION	Totals 5/31/08	Operating 6/30/08	Reserves 6/30/08	Totals 6/30/2008	Change from Prev. Month
	$484,449.47	$81,544.80	$436,877.05	$518,421.85	$33,972.38
UMBRELLA OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$119,650.06	$118,950.69	$699.37	$716,945.75	$713,704.14	$3,241.61
Landscape	$58,140.70	$55,270.62	($2,870.08)	$348,973.19	$329,320.22	($19,652.97)
Security	$21,220.63	$21,708.58	$487.95	$121,861.31	$137,677.51	$15,816.20
Administration	$20,105.33	$17,787.78	($2,317.55)	$112,197.21	$108,869.89	($3,327.32)
Maintenance	$17,077.08	$21,231.17	$4,154.09	$145,297.12	$130,936.37	($14,360.75)
Total Expenses	$116,543.74	$115,998.15	($545.59)	$728,328.83	$706,803.99	($21,524.84)
INCOME (LOSS)	$3,106.32	$2,952.54	$153.78	($11,383.08)	$6,900.15	($18,283.23)
			$153.78
CRF CASH POSITION	Totals 5/31/08	Operating 6/30/08	Reserves 6/30/08	Totals 6/30/2008	Change from Prev. Month
CRF	$12,791.64	$5,281.53	$10,507.70	$15,789.23	$2,997.59
CRF-Clubhouse	$12,074.86	$13,911.30		$13,911.30	$1,836.44
Golf	$134,732.11	$112,929.17	$61,777.27	$174,706.44	$39,974.33
TOTALS	$159,598.61	$132,122.00	$72,284.97	$204,406.97	$44,808.36
CRF & CLUBHOUSE OPER INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$11,583.24	$12,287.90	($704.66)	$72,360.33	$76,227.40	($3,867.07)
EXPENSES	$2,064.06	$12,768.94	$10,704.88	$60,941.70	$75,717.10	$14,775.40
INCOME (LOSS)	$9,519.18	($481.04)	$10,000.22	$11,418.63	$510.30	$10,908.33
CBRC CASH POSITION	Totals 5/31/08	Operating 6/30/08	Reserves 6/30/08	Totals 6/30/2008	Change from Prev. Month
	$73,947.13	$17,629.94	$51,116.39	$68,746.36	($5,200.77)
CBRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$2,673.08	$2,569.68	$103.40	$16,325.01	$15,418.08	$906.93
EXPENSES	$6,318.95	$2,526.53	($3,792.42)	$19,355.35	$15,032.68	($4,322.67)
INCOME (LOSS)	($3,645.87)	$43.15	($3,689.02)	($3,030.34)	$385.40	($3,415.74)
HHRC CASH POSITION	Totals 5/31/08	Operating 6/30/08	Reserves 6/30/08	Totals 6/30/2008	Change from Prev. Month
	$40,323.46	$9,619.90	$30,950.63	$40,570.53	$247.07
HHRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$3,636.27	$3,624.83	$11.44	$22,100.67	$22,003.98	$96.69
EXPENSES	$3,671.56	$4,134.15	$462.59	$17,761.35	$20,009.90	$2,248.55
INCOME (LOSS)	($35.29)	($509.32)	$474.03	$4,339.32	$1,994.08	$2,345.24
SBCRC CASH POSITION	Totals 5/31/08	Operating 6/30/08	Reserves 6/30/08	Totals 6/30/2008	Change from Prev. Month
	$37,864.87	$20,178.09	$16,805.93	$36,984.02	($880.85)
SBCRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD