BOARD OF DIRECTORS MEETING, HeatherRidge Umbrella Association (HUA), June 24, 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.

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

MAY 27, 2008 MINUTES:  Patrick Perry made a motion to approve the May 27, 2008 minutes, seconded by Sam Dent.  At vote, all aye, motion carried.

ACTING PRESIDENT’S REMARKS:  Todd Campbell noted that Carol Marker will return as President as of June 25, 2008.  Todd Campbell commended the entire HeatherRidge staff and Department Heads for their outstanding damage control and repair during the bad storms we have had in the past several months.  It should be noted that they have kept up with their other routine tasks while attending to storm damage.

PRELIMINARY Treasurer's Report for May 31, 2008
UMBRELLA CASH POSITION	Totals 4/30/08	Operating 5/31/08	Reserves 5/31/08	Totals 5/31/2008	Change from Prev. Month
	$518,220.54	$64,544.93	$419,904.54	$484,449.47	($33,771.07)
UMBRELLA OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$118,931.64	$118,950.69	($19.05)	$597,295.69	$594,753.45	$2,542.24
Landscape	$89,088.36	$84,593.09	($4,495.27)	$290,832.49	$283,925.30	($6,907.19)
Security	$26,055.12	$30,309.61	$4,254.49	$100,640.68	$115,968.93	$15,328.25
Administration	$22,404.04	$21,360.48	($1,043.56)	$92,091.88	$91,082.11	($1,009.77)
Maintenance	$21,117.63	$27,338.02	$6,220.39	$128,220.04	$109,705.20	($18,514.84)
Total Expenses	$158,665.15	$163,601.20	$4,936.05	$611,785.09	$600,681.54	($11,103.55)
INCOME (LOSS)	($39,733.51)	($44,650.51)	$4,917.00	($14,489.40)	($5,928.09)	($8,561.31)
CRF CASH POSITION	Totals 4/30/08	Operating 5/31/08	Reserves 5/31/08	Totals 5/31/2008	Change from Prev. Month
CRF	$21,960.10	$434.09	$12,357.55	$12,791.64	($9,168.46)
CRF-Clubhouse	$8,150.25	$12,074.86		$12,074.86	$3,924.61
Golf	$101,195.88	$68,087.85	$66,644.26	$134,732.11	$33,536.23
TOTALS	$131,306.23	$80,596.80	$79,001.81	$159,598.61	$28,292.38
CRF & CLUBHOUSE OPER INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$14,588.60	$13,537.90	$1,050.70	$60,777.09	$63,939.50	($3,162.41)
EXPENSES	$13,044.16	$15,889.90	$2,845.74	$58,877.64	$62,948.16	$4,070.52
INCOME (LOSS)	$1,544.44	($2,352.00)	$3,896.44	$1,899.45	$991.34	$908.11
CBRC CASH POSITION	Totals 4/30/08	Operating 5/31/08	Reserves 5/31/08	Totals 5/31/2008	Change from Prev. Month
	$72,152.49	$23,679.55	$50,267.58	$73,947.13	$1,794.64
CBRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$2,668.81	$2,569.68	$99.13	$13,651.93	$12,848.40	$803.53
EXPENSES	$2,119.76	$2,569.03	$449.27	$13,036.40	$12,506.15	($530.25)
INCOME (LOSS)	$549.05	$0.65	$548.40	$615.53	$342.25	$273.28
HHRC CASH POSITION	Totals 4/30/08	Operating 5/31/08	Reserves 5/31/08	Totals 5/31/2008	Change from Prev. Month
	$40,517.58	$11,188.17	$29,135.29	$40,323.46	($194.12)
HHRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$3,635.21	$3,624.83	$10.38	$18,464.40	$18,379.15	$85.25
EXPENSES	$6,100.57	$4,255.40	($1,845.17)	$14,089.79	$15,875.75	$1,785.96
INCOME (LOSS)	($2,465.36)	($630.57)	($1,834.79)	$4,374.61	$2,503.40	$1,871.21
SBCRC CASH POSITION	Totals 4/30/08	Operating 5/31/08	Reserves 5/31/08	Totals 5/31/2008	Change from Prev. Month
	$65,130.81	$22,060.07	$15,804.80	$37,864.87	($27,265.94)
SBCRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD