2012 Pinecrest Property Owners Association Annual Meeting Sunday May 6, 2012
Agenda Welcome and introduction of new members3:00 Minutes of 2011 PPOA Annual Meeting3:02 Treasurer’s Report3:04 Review Balance Sheet 3:10 Actual income and Expenses Fiscal Year 20123:15 Review Projected Budget for Fiscal Year :25 Vote on Fiscal Year 2013 Budget3:35 Finished Business3:45 New Business3:50 Announcement4:15 Upcoming Events4:30 Voting4:45 Q&A4:50 50/50 Raffle rResults4:59 Adjournment5:00 After the meeting, you are welcome to stay for an historical presentation by Dennis Majikas
Treasurer’s Report March 31, 2012 AccountBalance:Portfolio Total:FYTD Income/ Interest Earned GFA Checking $1,823.05$1.06 GFA Savings $4,543.91$6,366.96$24.31 Merrill Lynch Money Account $ Merrill Lynch Cash Balance $2, Merrill Lynch Investments $153,707.82$157, TOTAL $163,696.57
Annual Portfolio
Income
Operating Budget
FY 2012 Budget as if 3/31/2012 EXPENSESPLANACTUAL YTDVAR. YTD INCOMEPLANACTUAL YTDVAR. YTD Town of Hubbardston Taxes $ 2, $ 2, $ (11.58)Payments FY 2011 $ 14, $ 13, $ (322.00) United Site Services (Porta Potti) $ $ $ 38.49Lodge Rentals $ $ $ (60.00) Comm of Mass (Corp. Fee) $ $ -Lions Lodge Rental $ $ - Verizon (Telephone) $ $ $ 46.71Beach Party $ $ $ (1.00) National Grid (Electric) $ $ $ 55.36Interest (GFA Checking) $ 8.00 $ 0.89 $ (7.11) Allied Waste (Trash) $ $ $ (13.50)Interest (GFA Savings) $ $ $ (10.96) (Lodge Security) $ $ -Interest (Merrill Lynch) $ $ 1.56 $ (8.44) USPS $ $ - $ Dock fees $ $ $ Broberg Insurance (Liability) $ 4, $ 4, $ 8.40Miscellaneous $ $ $ Broberg Insurance (Lodge replacement) $ $ $ (60.00) Huhtula Oil (Fuel) $ 1, $ $ TOTAL INCOME $ 15, $ 15, $ PO Box $ $ - Berkshire Lab (Beach water testing) $ $ $ (32.00) US Treasury (Taxes) $ $ - $ MAINTENANCE & IMPROVEMENTS Commonwealth of MA (Taxes) $ $ $ 44.00Kitchen hot water heater $ $ $ (62.41) Lodge inspection: Town of Hubbardston $ $ - $ 40.00Beach sand/signs $ $ $ Beach fee: Town of Hubbardston $ $ - Clean Furnace $ $ $ (41.68) Dam State Fees $ $ - $ barn window repair $ $ (200.00) Legal (Advice) $ $ - $ Lodge monthly cleaning $ $ $ Miscellaneous $ $ $ (505.15) Easter Party $ $ $ TOT. MAINTENANCE & IMPROVEMENTS $ 1, $ 1, $ Halloween Party $ $ - $ Beach Party $ $ $ 69.23TOTAL EXPENSES $ 15, $14, $ 1, Sliding party $ $ - $ TOTAL INCOME $ 15, $15, $ Lien settlement recording fee $ $ - $ Stationary $ $ - $ 15.00NET CASH FLOW $ $ 1, $ 1, Web Site $ $ - $ $ - SUB TOTAL EXPENSE (Operating Plan) $ 14, $13, $ 1, Misc income is tax abatement Aquatic Control Technology $
FY 2013 Budget EXPENSESPLAN ACTUAL YTDVAR. YTD INCOMEPLAN ACTUAL YTDVAR. YTD Town of Hubbardston (Taxes) $ 2, $ - $ 2,300.00Payments FY 2011 $ 13, $ - $ (13,678.00) United Site Services (Porta Potti) $ $ - $ Lodge Rentals $ $ - $ (840.00) Comm of Mass (Corp. Fee) $ $ - $ 15.00Lions Lodge Rental $ $ - $ (700.00) Verizon (Telephone) $ $ - $ Beach Party $ $ - $ (20.00) National Grid (Electric) $ $ - $ Interest (GFA Checking) $ 8.00 $ - $ (8.00) Allied Waste (Trash) $ $ - $ Interest (GFA Savings) $ $ - $ (35.00) Lodge Security $ $ - $ Interest (Merrill Lynch) $ $ - $ (10.00) USPS (Stamps) $ $ - $ Dock fees $ $ - $ (100.00) Broberg Insurance (Liability) $ 4, $ - $ 4,417.60Miscellaneous $ $ - $ (100.00) Broberg Insurance (Lodge replacement) $ 1, $ - $ 1, Huhtula Oil (Fuel) $ $ - $ TOTAL INCOME $ 15, $ - $ (15,491.00) PO Box $ $ - $ Berkshire Lab (Beach water testing) $ $ - $ US Treasury (Taxes) $ $ - $ MAINTENANCE & IMPROVEMENTS Commonwealth of MA (Taxes) $ $ - $ Clean furnace $ $ - $ Beach sand $ $ - $ Lodge inspection: Town of Hubbardston $ $ - $ 40.00Lodge monthly cleaning & supplies $ $ - $ Beach fee: Town of Hubbardston $ $ - $ 75.00Clingons (Auto ID's $ $ - $ Legal (Advice) $ $ - $ Signs $ $ - $ Miscellaneous $ $ - $ Tractor fuel & mowing supplies $ $ - $ Easter egg hunt $ $ - $ Halloween party $ $ - $ TOT. MAINTENANCE & IMPROVEMENTS $ 1, $ - $ 1, Beach Party $ $ - $ Sliding party $ $ - $ 55.00TOTAL EXPENSES $ 15, $ - $ 15, Lien settlement recording fee $ $ - $ TOTAL INCOME $ 15, $ - $ (15,491.00) Stationary $ $ - $ Web Site $ $ - $ 30.00NET CASH FLOW $ $ - $ (408.60) CPA $ $ - $ SUB TOTAL EXPENSE (Operating Plan) $ 13, $ - $ 13,372.40
CAPITAL PLAN ProjectsCalendar YearPlanActual Obtain permits to treat pond to eradicate invasive weeds2011 $ 3,000 Initial treatment2011 $ 8,500 Second treatment2012 $ 3,500 Repair upper damTBD Repair lower damTBD Replace beach playgroundTBD Inspect & repair septic system at lodgeTBD
TOTAL NET WORTH Real Estate $651,803 Total portfolio $163,696 Total assets $815,499 Total liability $0 Net worth $815,499
Thank You