HeatherRidge
Umbrella Board Meeting Minutes
September 2008
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BOARD OF DIRECTORS MEETING, HeatherRidge Umbrella Association (HUA), September 23, 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, Carol Marker, Patrick Perry, and Jim Servis. Sam Dent and Jim Petkus were absent.
AUGUST 26, 2008 MINUTES: Todd Campbell made a motion to receive and accept the August 26, 2008 minutes as amended, seconded by Patrick Perry. At vote, all aye, motion carried.
PRESIDENT’S REMARKS: Carol Marker summarized the meeting hosted by HeatherRidge for the Condominium Advisory Council for the Illinois Legislature. This forum attempts to better protect condominium associations in the legislative processes.
TREASURER’S REMARKS: Paul Kelly gave the Treasurer’s Report and detail. Carol Marker noted that the reduction in the balance from the taxes is a loan to the Central Recreation Facility (CRF) for tax liability and be repaid to HUA over time. Patrick Perry made a motion, seconded by Todd Campbell, to receive and accept the Treasurer’s Report. At vote, all aye, motion carried.
| PRELIMINARY Treasurer's Report for August 31, 2008 | ||||||
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UMBRELLA CASH POSITION |
Totals 7/31/08 |
Operating 8/31/08 |
Reserves 8/31/08 |
Totals 8/31/2008 |
Change from Prev. Month |
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| $506,243.46 | $81,786.11 | $273,910.70 | $355,696.81 | ($150,546.65) | ||
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UMBRELLA OPERATING INCOME & EXPENSES |
Actual | Budget |
Current Month Difference |
Actual YTD |
Year-to-Date Budget YTD |
Difference YTD |
| INCOME | $118,555.96 | $118,950.69 | ($394.73) | $955,564.48 | $951,605.52 | 3958 24/25 |
| Landscape | $58,864.14 | $61,568.62 | $2,704.48 | $461,281.36 | $447,182.46 | ($14,098.90) |
| Security | $19,150.38 | $21,483.58 | $2,333.20 | $158,905.67 | $180,394.67 | $21,489.00 |
| Administration | $16,805.31 | $17,922.78 | $1,117.47 | $146,932.79 | $144,600.45 | ($2,332.34) |
| Maintenance | $18,156.01 | $21,936.17 | $3,780.16 | $179,095.46 | $174,603.71 | ($4,491.75) |
| Total Expenses | $112,975.84 | $122,911.15 | $9,935.31 | $946,215.28 | $946,781.29 | $566.01 |
| INCOME (LOSS) | $5,580.12 | ($3,960.46) | $9,540.58 | $9,349.20 | $4,824.23 | $4,524.97 |
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CRF CASH POSITION |
Totals 7/31/08 |
Operating 8/31/08 |
Reserves 8/31/08 |
Totals 8/31/2008 |
Change from Prev. Month |
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| CRF | $18,508.67 | $5,728.76 | $12,724.76 | $18,453.52 | ($55.15) | |
| CRF-Clubhouse | $16,749.20 | $17,329.04 | $17,329.04 | $579.84 | ||
| Golf | $159,244.56 | $102,672.95 | $141,904.51 | $244,577.46 | $85,352.90 | |
| TOTALS | $194,502.43 | $125,730.75 | $154,629.27 | $280,360.02 | $85,877.59 | |
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CRF & CLUBHOUSE OPER INCOME & EXPENSES |
Actual | Budget |
Current Month Difference |
Actual YTD |
Year-to-Date Budget YTD |
Difference YTD |
| INCOME | $14,442.49 | $12,287.90 | $2,154.59 | $101,239.67 | $100,803.20 | $436.47 |
| EXPENSES | $9,682.60 | $12,418.94 | $2,736.34 | $82,475.83 | $91,714.98 | $9,239.15 |
| INCOME (LOSS) | $4,759.89 | ($131.04) | $4,890.93 | $18,763.84 | $9,088.22 | $9,675.62 |
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CBRC CASH POSITION |
Totals 7/31/08 |
Operating 8/31/08 |
Reserves 8/31/08 |
Totals 8/31/2008 |
Change from Prev. Month |
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| $72,455.33 | $16,766.78 | $52,812.56 | $69,579.34 | ($2,875.99) | ||
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CBRC OPERATING INCOME & EXPENSES |
Actual | Budget |
Current Month Difference |
Actual YTD |
Year-to-Date Budget YTD |
Difference YTD |
| INCOME | $2,672.28 | $2,569.68 | $102.60 | $21,915.57 | $20,557.44 | $1,358.13 |
| EXPENSES | $4,581.38 | $2,569.03 | ($2,012.35) | $27,006.62 | $19,934.49 | ($7,072.13) |
| INCOME (LOSS) | ($1,909.10) | $0.65 | ($1,909.75) | ($5,091.05) | $622.95 | ($5,714.00) |
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HHRC CASH POSITION |
Totals 7/31/08 |
Operating 8/31/08 |
Reserves 8/31/08 |
Totals 8/31/2008 |
Change from Prev. Month |
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| $40,102.36 | $5,226.45 | $34,583.57 | $39,810.02 | ($292.34) | ||
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HHRC OPERATING INCOME & EXPENSES |
Actual | Budget |
Current Month Difference |
Actual YTD |
Year-to-Date Budget YTD |
Difference YTD |
| INCOME | $3,636.30 | $3,879.83 | ($243.53) | $29,610.96 | $29,508.64 | $102.32 |
| EXPENSES | $6,428.38 | $4,780.40 | ($1,647.98) | $30,993.10 | $28,924.45 | ($2,068.65) |
| INCOME (LOSS) | ($2,792.08) | ($900.57) | ($1,891.51) | ($1,382.14) | $584.19 | ($1,966.33) |
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SBCRC CASH POSITION |
Totals 7/31/08 |
Operating 8/31/08 |
Reserves 8/31/08 |
Totals 8/31/2008 |
Change from Prev. Month |
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| $38,160.04 | $14,550.29 | $20,238.13 | $34,788.42 | ($3,371.62) | ||
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SBCRC OPERATING INCOME & EXPENSES |
Actual | Budget |
Current Month Difference |
Actual YTD |
Year-to-Date Budget YTD |
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