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CENTENNIAL GLEN HOA
2014 ANNUAL MEETING
NOVEMBER 4, 2014
AGENDA Election of 2015 Board of Directors
Current Board and Architectural Committee
Neighborhood Watch Presentation
2014 Accomplishments and Financial Results
2015 Goals/Projects
2015 Budget and Annual Dues
Other
Q&A
Election results/Adjournment
2014 Accomplishments
Neighborhood Directory completed
Established Neighborhood Watch program
Completed another phase of xeriscaping project
Added decorative plants/bushes to previously xeriscaped areas
Coordinated with Robertson’s to replace plants/trees/bushes for individual homeowners
Replaced dead and missing trees/bushes in common areas
Reviewed HOA insurance coverages and negotiated lower premiums
Recovered cost of damages caused by vehicle running into fence – Approx. - $2,500
2014 Financial Results
MAJOR EXPENSES
$38,871
$44,777
$37,009
$43,541
$14,293
$4,764
$10,000
$1,076
$53,164
$49,541 $47,009
$44,617
$-
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
2011 2012 2013 2014
Robertson’s Landscaping Expense Comparison
2011-2014
Landscape Expense Xeriscape Project Grand Total
2014 Data
projected
through
12/31/2014
$23,978
$15,340
$15,963
488,587
267,315 265,818
0
100,000
200,000
300,000
400,000
500,000
600,000
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
2012 2013 2014
Water Expense Water Usage (Cubic Feet)
Water Expense and Usage (Cubic Feet)
Water rates increased
22.5% from 2012
to 2014 – at 2012
rates 2014 costs
would be $12,371
2014 amounts
are for the nine
months ended
9/30/2014
2015 Goals/Projects
Update Covenants/Bylaws
Establish long-term strategic plan – Reserve Study
Update Neighborhood Directory
Investigate measures for water conservation
Complete 2014 Projects
Street issues
Issues with Greenlands Reserve Address concerns with wire fence that separates houses from
Reserve property
Noxious weed removal from Reserve Property
Centennial Glen HOA
2015 Budget
2014 Jan-Sep 14 Oct-Dec 14 Projected 2015
Ordinary Income/Expense Budget Actuals Projected 2014 Actuals Budget
Income
Homeowner Dues 88,620$ 66,840$ 22,155$ 88,995$ 88,800$ /1
Interest Income 35 29 9 38$ 36
Total Income 88,655$ 66,869$ 22,164$ 89,033$ 88,836$
Expense
Accounting 625$ 492$ 225$ 717$ 625$
Bank Service Charges 30 63 8 71 30
Block Party 0 61 0 61 100
Fees & Licenses 20 10 0 10 10
Insurance 1,015 625 0 625 700
Landscaping
Xeriscaping Project/Common Area trees/bushes10,000 0 1,076 1,076 0
Landscaping - Other 41,824 29,269 14,274 43,543 42,000
Total Landscaping 51,824$ 29,269$ 15,350$ 44,619$ 42,000$
Legal Fees -$ -$ -$ -$ 5,000$ /2
P. O. Box Rent 124 128 0 128 130
Postage 23 24 0 24 35
Security 0 452 250 702 1,000
Supplies 50 66 50 116 130
Tax Preparation 500 500 0 500 500
Trash Service 8,200 6,245 2,100 8,345 8,400
Utilities
Electric 1,500 1,159 386 1,545 1,560
Water 20,755 15,962 2,050 18,012 22,831 /3
Total Utilities 22,255$ 17,121$ 2,436$ 19,557$ 24,391$
Total Expense 84,666$ 55,056$ 20,419$ 75,475$ 83,051$
Net Ordinary Income 3,990$ 11,813$ 1,746$ 13,558$ 5,786$ /4
/1 Revenues are based on dues level of $160 per month. Same as 2014
/2 Legal assistance with update of covenenants and bylaws.
/3 2014 budget amount increased 10% for anticipated increase in water rates.
/4 Any net income will be transferred to capital reserve fund
Other
Covenants – Issues Trash receptacles – left out over night – should only be out
on pickup day which is Wednesday
Garage doors being left open – for security purposes they should not be left open for extended period of times
Gardening tools, bags of fertilizer and top soil being stored outside – these items need to be stored inside when not being used
Any changes to the exterior of your house should be approved by the Architectural Committee
Care of lawns, trees and bushes in the winter - please water on warm winter days – this will maintain the health and prevent winter kill due to sunny dry winter weather
Questions???
Election Results and Adjournment