annual general meeting
DESCRIPTION
Annual General Meeting. Home Owners Association Tuesday , October 11 th , 2011. Today’s Agenda. Meet the Directors President’s Update Highlights for 2011 Project Report 2011 – Finance Report Proposed 2012 Budget Elections and Voting Question and Answers. Meet the Directors. - PowerPoint PPT PresentationTRANSCRIPT
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Annual General Meeting
Home Owners AssociationTuesday , October 11th, 2011
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Today’s Agenda1. Meet the Directors
2. President’s Update
3. Highlights for 2011
4. Project Report
5. 2011 – Finance Report
6. Proposed 2012 Budget
7. Elections and Voting
8. Question and Answers
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Meet the Directors
Brad Halbach Shelyza Vasisht Chadd Merrigan Anna Martca (Interim Director) Ashish Arora – (Interim Director)
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President’s Update Woodbridge home values strong in current market
# 12 homes sold Year to Date Most homes are not on the market very long
Stolen Funds Recovered – Criminal Case Finalized Amount of $54,860 on March 4th, 2011
Director Changes Shobit > Anna Martca Venkat > Ashish Arora
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Highlights and Updates for 2011 4th of July – Great turn out and great weather
More ice cream and popsicles next yearCompleted Projects Irrigation Upgrades
Areas with no coverage new zones installed Relocation of sprinklers around swings
Bench Replacement Rubber tile installation in playground
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Projects In Progress New swings in Phase 2 Park(Redmond Grant) Drainage upgrades in Phase 3 North Park Tree Replacement Buffer around ponds
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YTD Income & Acct. Balances
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2011 Expenses
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Annual Dues for 2012 Dues to go down to $500 SF and $300 TH
We continue to reduce fees annually but want to continue to budget for projects
Projected $65,000 checking balance at EOY We are issuing a one time credit toward 2012 dues.
$150 SF and $90 TH – Credit Net 2012 dues: $350 SF and $210 TH
Reserve Funds $70,000 reserve has been established Current reserve is sufficient and for future emergencies
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2012 Budget Income
INCOME Annual Dues Condominiums $19,800 Single Family Homes $140,000 TOTAL Annual Dues $159,800 Other Inc $0 CD Interest $144 Checking Interest $0 Escrow Fees $2,400 Fines $0 Loss Recovery $0 TOTAL Other Inc $2,544
TOTAL INCOME $162,344
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EXPENSES
Administrative Social - Events
Bank Fees $120 Annual Meeting $500
Insurance $4,000 July 4th $2,000
Legal Fees $1,000 Other Events $1,000
Postage - Mailings $500 TOTAL Social - Events $3,500
TOTAL Administrative $5,620 Taxes $300
Community Improvements $20,000 Utilities
Landscaping Electric $3,000
Backflow Testing (Annual) $800 Water $30,000
Bark $10,000 TOTAL Utilities $33,000
Irrigation Repairs $8,000 TOTAL EXPENSES $159,220
Landscape Repairs $10,000
Maintenance (Monthly) $66,000 OVERALL TOTAL $3,124
Playground Wood Chips $2,000
TOTAL Landscaping $96,800
2012 Budget Expenses
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Open Nominations What are you passionate about?
Parks, Events, Administrative, Social Your chance to make a difference! Influence community decisions
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Election of Directors 2 Director posts up for elections Term ending 2014. Canidates for Director’s posts
Anna Martca Ashish Arora Any other nominations ???
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Open Forum
Question and Answers