Finance Committee Meeting

January 14, 2008

 

 

Minutes:

 

Attending the Meeting:  Nick Picerno, Maren Anderson, Clark Marshall, Karen Marshall, Tom Carr

 

  1. The committee reviewed the new projected 2009 budget with items added for amenities with Tom.
  2. Tom reviewed our line items and pointed out some holes, such as furniture for the pool and clubhouse.
  3. Tom also confirmed time line of amenities projects and explained some potential delays.  The timeline shows that the clubhouse should be completed late in 2008, along with the walking trail.  The pool and tennis courts will begin construction in February 2009 and should be ready by June of 2009.
  4. Tom confirmed that the Bridle Trails are not the responsibility of the HOA.
  5. After Tom left the meeting, the committee discussed the items raised.
  6. Several items were added to the 2009 budget layout.
  7. Maren to update the budget with new items.
  8. Major topic and budget line item to be presented to transition board for guidance was the management of the HOA.  At present, current market rates for hiring out the management company was about $50/month per home.  This would be a major expense to our budget eating up our current entire years dues by itself.

 

  1. Meeting was adjourned.

 

 

 

 

 

Minutes taken by Nick Picerno