1. Annual Meeting October 26th, 2010
Whitney Park East
Annual Meeting
October 26th, 2010

2. 2009 – 2010 Board Members Beth Clardy, President Mark Tokarski, VP
Cindy Downy, VP
Debbie Clark, Member-at-large
Matthew Reider, Secretary

3. 2009 – 2010 Accomplishments
Replaced TWC management with Joan Clark, CPA
Completed Reserve Study which identifies expenses over the next 30 years.
Clarified parking rules &regulations, began parking lot enforcement
$5k spent on erosion control behind Chestnut Burr
Tot lot mulch and toddler swing added
2nd annual cluster cookout
Added flowers to front sign and main planting areas
Tree and shrub trimming, dead tree removals and replacements
Lots of extra snow removal ($6000 in 2010 alone!)

4. 2009 Reserve Study Summary
Estimated value of community assets is $39,914.40
Reserves currently valued at $36,000.
The cluster has savings of approximately 90% of value, considered “strong” by most experts
No special assessments or cash flow problems are anticipated.
Current reserve additions enough for next 10 years with 3% inflation
Next big payout will be 2019, $25k to redo lots

5. 2010 Goals Keep dues at same rate
Continue covenant and parking enforcement
Address erosion at top of Buttonwood and get grass to grow on Buttonwood hill
Support county installation of bus stop at end of street
Improve landscaping around front entrance
Start adding money to reserves account for future improvements

6. What are dues for?

7. Whitney Park East 2011 Budget
2010
Projected
Proposed
Budget
Jan-Dec 10
2011 Budget
Income
4100 · Assessments
36,224.00
4304 · Gutter Income
1,435.00
1,152.00
1,200.00
4200 · Late fees
270.00
300.00
4400 · Interest Income
400.00
200.00
4500 · Miscellaneous Income
0.00
Total Income
38,329.00
37,846.00
37,924.00
Operating Expenses
5000 · Postage & Copies
350.00
100.00
5100 · Management Fees
6,074.00
3,687.00
1,300.00
Audit Fees
2,915.00
Tax Preparation
5200 · Legal
70.50
1,500.00
5325 · Taxes & Licenses
360.00
5400 · Misc. Administration
150.00
250.00
5500 · Electricity
1,220.00
880.00
900.00
5720 · Trash Collection
7,000.00
7,084.00
7,200.00
5730 · Grounds Maintenance
10,000.00
9,460.00
5770 · Snow Expense
3,000.00
7,500.00
4,000.00
6030 · General Maintenance
Gutter Cleaning
7040 · Insurance
650.00
573.00
600.00
Reserve Expenses
Erosion Control
5,000.00
5,269.00
500.00
Tree Care
1,650.00
Tot Lot Improvements
Total Expense
36,739.00
41,188.50
29,800.00
Added to Reserves
1,590.00
-3,342.50
8,124.00

8. 2010 – 2011 Vote Vote for board members.
Vote to approve budget for

9. 2010 – 2011 Vote
Questions?
Comments?
Concerns?
Suggestions?