2012 Pinecrest Property Owners Association Annual Meeting Sunday May 6, 2012.

Slides:



Advertisements
Similar presentations
Money Management Strategies
Advertisements

Victorian Court Condo Association Annual Meeting Victorian Court Board: John Scot Mary DiPietro Stephen Petrangelo Dawn Cummings
2015 Budget Conquistador Condominiums 2015 Budget Plan2014 Budget Plan INCOME 2015 Monthly Assessment $283$300 Member Assessment Total$1,548,576$1,641,600.
Farm & Ranch Business Management
EBT Method of reporting and recording financial activity of a business.
2006 Cash Flow Statement Sources of cash: Beginning cash balance Cash receipts from product sales Other sources of cash Total sources of cash Uses of cash:
Cash Flow Analysis Cash Flow Statements 4061 Leanne Brown.
Money Management Strategies
AGEC 489/689 Spring 2009 Detailed View of Financial Statement Linkages Slide Show #3.
4.01 Accounting and Finance. What is Accounting? Method of reporting financial activity of a business Financial transactions recorded in an orderly fashion.
Tax Tips for Owners of Rental Property. How is Rental Income Reported? Usually on Schedule E. A security deposit is not considered income at the time.
1 PowerPay Spending Plan July Marsha A. Goetting Ph.D., CFP ®, CFCS Professor & Extension Family Economics Specialist Department of Agricultural.
Chapter 14 – Budgeting, Accounting and Financial Management
Training on Financial Management for Fiscal and Asset Managers Technical Assistance for Community Services and Housing Development Center April 2, 2008.
FINANCIAL STATEMENTS. Why Use Financial Statements? Investors and bankers Investors and bankers Suppliers and creditors Suppliers and creditors You and.
Accounting and Finance What is Accounting? Method of reporting financial activity of a business Financial transactions recorded in an orderly fashion.
Managing Business Finance
Personal Finance Chapter 3 Section 3.1 and 3.2.
Chapter 3 Developing Financial Statements, Plans and Budgets Financial statements are assessments of the current status of one’s personal financial position.
CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 18-1 Understanding Cash Flow Analysis.
STONE RIDGE Stone Ridge Annual Meeting, April 9, 2014 Welcome PLEASE SIGN IN MEETING STARTS AT 7:00 P.M.
4.01 Accounting and Finance. What is Accounting? Method of reporting financial activity of a business Financial transactions recorded in an orderly fashion.
August 28, City of Beverly Hills Fiscal Year Budget Cover Page This budget will raise more revenue from property taxes than last year's.
1 Accounting 100 Chapter 2 Analyzing Business Transactions.
Arapahoe Estates Community Annual Meeting February 26, 2009.
WELCOME TO GENESEO HILLS ANNUAL MEETING OCTOBER 27, 2011.
STONE RIDGE Stone Ridge Annual Meeting, April 12, 2012 Welcome PLEASE SIGN IN MEETING STARTS AT 7:00 P.M.
Road to Retirement Course. Introduction to Investing “When you’re making money doing what you love, you are already retired.” “Many describe the new retirement.
E1-8 A Increase asset (Cash) Increase owner’s equity (Capital)
Reveals your overall net worth at the moment by illustrating the difference between what you owe and own.
1 Introduction to Accounting and Business 1 Student Version.
Chart of Accounts.
Saline Ridge Homeowners Association Membership Meeting April 15, 2015.
Layout of the Accounting Work Sheet Unadjusted Adjustments Adjusted Income Balance Account Title Trial Balance Trial Balance Statement Sheet Dr Cr Dr Cr.
Money Management and Financial Planning
4.01 Accounting and Finance What is Accounting? Method of reporting financial activity of a business Financial transactions recorded in an orderly fashion.
money you have in a bank either in checking (where you can use the money with an ATM card or by writing a check) or savings (where you earn interest)
Agribusiness. What is agribusiness? Sector of the industry that combines agricultural production and business decisions. Important to farmers because.
Topic 5: Cash Flow Management
February 7, 2016 Welcome to the Indian Creek Recreation Club Annual Meeting!
Financial Statements A set of Financial Statements consist of four related accounting reports that summarizes the financial resources, obligations, profitability.
Chapter 12 Budgeting.
Little League Treasurer A Guide to Successful Financial Management.
REAL ESTATE Investments Vocabulary Rental Property – real estate available for being rented and an alternative to investment opportunities available.
Personal Financial Statements Chapter 12 Personal Financial Statements The Balance Sheet.
Annual General Meeting Home Owners Association Tuesday, Nov 12th.
Big Walnut Local School District Monthly Financial Summary June 2015.
Margil Farms 2 nd Filing Annual HOA Meeting March 8, 2016 Mead Town Hall.
WELCOME TO GENESEO HILLS ANNUAL MEETING OCTOBER 21, 2010.
Budgeting Is the allocation of monetary funds based on a determined structure What does this mean?
Accounting and Finance
2016 Wachusett Shores And PPOA Meeting
2017 Wachusett Shores And PPOA Meeting
4.01 Accounting and Finance
Let’s open a lawn mowing business!
What are the Key Benefits of Owning Investment in Real Estate
Accounting and Finance
Annual Meeting Finance Review March 21, 2015
2018 Wachusett Shores and PPOA Meeting
LIABILITIES AND EQUITIES
Financials Revenue Estimates Revenue Assumptions for Month 1
COUNTRY CLUB TOWNHOMES HOMEOWNER ASSOCIATION
4.01 Accounting and Finance
Year End, FY 2018 Financial Reports
Point 6 Financial Statements
The Lake Norman Home Owners Association 2016 Annual Meeting.
Financial Statements.
The Dental Practice: Business Foundations
2019 Wachusett Shores and PPOA Meeting
Financial Markets – Fall, 2019 – Oct 17, 2019
Presentation transcript:

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