2013 Annual Meeting.  Introduction  Roll Call  Proof of Notice  Minutes of the 2012 Annual Meeting  Elections  Report of Financials  Report of.

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Presentation transcript:

2013 Annual Meeting

 Introduction  Roll Call  Proof of Notice  Minutes of the 2012 Annual Meeting  Elections  Report of Financials  Report of Operations  Old/New Business  Q&A  Adjournment

 Greg Lewis – Account Executive  Martin Watkins – COO  Board of Managers

 Patty Viggiano – website, proxies, flyers regarding annual meeting  Laura Conti – proxy  Lucille Gilbert – proxy  Pat Heaney – maintenance and walkway lighting  Cliff Purdy – Corral lighting

 Tabulation of Quorum  Meeting Close/Meeting Open

 Approval of 2012 Annual Meeting Minutes  Motion to Approve or Waiver Thereof

 Nominations from the floor  1 open seat  Election

 Balance Sheet Report  Budget Report  Arrears Report

 Operating Fund Balances – $8,000  Reserve Fund Balances – $235,000  Total Cash Position – $243,000

 Revenue – 258K/254K  Operating Expense  Electric – 7K/7K  Grounds Maintenance – 95K/99K  Maintenance and Repairs – 20K/22K  General and Admin – 126K/116K  Total Operating Expense YTD – 245K/256K

 Capital Expense  10K/25K  Total Excess in Budget YTD = 28K

 Board’s efforts continue regarding collections of delinquent account balances  Appx 36K in unpaid Association Dues  Board’s Options?  File a lien  Foreclose on the unit  Revoke common area privileges and membership rights

 Board executed business judgment as it pertains to risk vs. reward in regards to pursuing delinquent accounts  Wage garnishment?  Other means of collections without expending Meadows resources  Meadows BOD has aggressively pursued arrears and will continue to by any legal means necessary

 Repairs and Maintenance has been focused on prolonging the life of the existing Meadows infrastructure  The following items have been addressed:  Railroad tie wall replacements and rebuilds  Privacy fence repairs  Large tree pruning project (street visible trees targeted)  Underground drainage installed to mitigate flooding and unit damage risk

 Cement repairs (walkways)  Restriped entire community  All light poles re-secured into cement bases (previously in dirt)  New cluster boxes were installed  Purchased new dumpsters  Installed safety lighting in all corrals  All proactive versus reactive maintenance

 Asphalt repairs 2014  Garbage corral staining and repair  Additional drainage work  Tree maintenance (yearly)  As needed maintenance

 Each year the board understands that its needs as a community evolves based on its age, environmental conditions, and budgetary constraints.  Increase the capital reserve fund  Continue to reduce arrears  Increase scope of services without the need for special assessments

 The requirement for capital – without it, nothing else is possible  Every action taken of behalf of the Board is targeted at increasing the value of your homes  Remain partners with the Board and the community – not losing sight of the end game

 New Business/Old Business  Q&A

 Raffle One Month’s Common Charges