BOARD OF DIRECTORS MEETING, HeatherRidge Umbrella Association (HUA), October 28, 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, Sam Dent, Rick Francisco, Paul Kelly, Carol Marker, and Jim Petkus.  Gordon Lind, Patrick Perry and Jim Servis were absent. 

SEPTEMBER 23, 2008 MINUTES:  Todd Campbell made a motion to receive and accept  the September 23, 2008 minutes as amended, seconded by Paul Kelly.  At vote, all aye, motion carried.

PRESIDENT’S REMARKS:  Carol Marker noted there will be an Executive Session after the regular meeting.

TREASURER’S REMARKS:  Paul Kelly gave the Treasurer’s Report and detail.  Sam Dent 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 September 30, 2008
UMBRELLA CASH POSITION	Totals 8/31/08	Operating 9/30/08	Reserves 9/30/08	Totals 9/30/2008	Change from Prev. Month
	$355,696.81	$54,586.86	$317,728.02	$372,314.88	$16,618.07
UMBRELLA OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$119,041.15	$118,950.69	$90.46	$1,074,605.63	$1,070,556.21	$4,049.42
Landscape	$56,439.59	$49,180.62	($7,258.97)	$517,720.95	$496,363.08	($21,357.87)
Security	$19,306.38	$21,708.58	$2,402.20	$178,212.05	$202,103.25	$23,891.20
Administration	$31,985.12	$31,727.78	($257.34)	$178,917.91	$176,328.23	($2,589.68)
Maintenance	$21,250.83	$21,231.17	($19.66)	$200,346.29	$195,834.88	($4,511.41)
Total Expenses	$128,981.92	$123,848.15	($5,133.77)	$1,075,197.20	$1,070,629.44	($4,567.76)
INCOME (LOSS)	($9,940.77)	($4,897.46)	($5,043.31)	($591.57)	($73.23)	($518.34)
CRF CASH POSITION	Totals 8/31/08	Operating 9/30/08	Reserves 9/30/08	Totals 9/30/2008	Change from Prev. Month
CRF	$18,453.52	$6,227.03	$7,593.73	$13,820.76	($4,632.76)
CRF-Clubhouse	$17,329.04	$6,819.17	$0.00	$6,819.17	($10,509.87)
Golf	$244,577.46	$109,067.54	$6,698.16	$115,765.70	($128,811.76)
TOTALS	$280,360.02	$122,113.74	$14,291.89	$136,405.63	($143,954.39)
CRF & CLUBHOUSE OPER INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$9,709.08	$13,537.90	($3,828.82)	$110,948.75	$114,341.10	($3,392.35)
EXPENSES	$11,909.61	$14,416.44	$2,506.83	$94,385.44	$106,131.42	$11,745.98
INCOME (LOSS)	($2,200.53)	($878.54)	($1,321.99)	$16,563.31	$8,209.68	$8,353.63
CBRC CASH POSITION	Totals 8/31/08	Operating 9/30/08	Reserves 9/30/08	Totals 9/30/2008	Change from Prev. Month
	$69,579.34	$17,640.31	$42,628.84	$60,269.15	($9,310.19)
CBRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$2,671.66	$2,569.68	$101.98	$24,587.23	$23,127.12	$1,460.11
EXPENSES	$4,121.59	$2,526.53	($1,595.06)	$31,128.21	$22,461.02	($8,667.19)
INCOME (LOSS)	($1,449.93)	$43.15	($1,493.08)	($6,540.98)	$666.10	($7,207.08)
HHRC CASH POSITION	Totals 8/31/08	Operating 9/30/08	Reserves 9/30/08	Totals 9/30/2008	Change from Prev. Month
	$39,810.02	$4343.05	$36,402.50	$40,745.55	$935.53
HHRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD	Difference YTD
INCOME	$3,638.32	$3,624.83	$13.49	$33,249.28	$33,133.47	$115.81
EXPENSES	$5,546.29	$3,634.15	($1,912.14)	$36,539.39	$32,558.60	($3,980.79)
INCOME (LOSS)	($1,907.97)	($9.32)	($1,898.65)	($3,290.11)	$574.87	($3,864.98)
SBCRC CASH POSITION	Totals 8/31/08	Operating 9/30/08	Reserves 9/30/08	Totals 9/30/2008	Change from Prev. Month
	$34,788.42	$12,241.21	$21,958.54	$34,199.75	($588.67)
SBCRC  OPERATING INCOME & EXPENSES	Actual	Budget	Current Month Difference	Actual YTD	Year-to-Date Budget YTD