November 2010 - Newsletter Website

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FINANCE COMMITTEE NEWS
By: Bill Roberts
The end of September marks three fourths of the Financial year for the
Homeowners Association. For that period there is a surplus from operations
of nearly $53,000. Unfortunately in this transient year there have
been many unpredictable expenses especially in the area of legal costs.
These will continue. So while it is likely that the year will end with somewhat
of a surplus; the HOA must be cautious with our funds until this
period of change is finally put to rest.
In addition to our regular meetings and work, the Finance Committee
worked in separate meetings to propose
a Budget for FY 2011. This work was completed in late August and given to
the Ad Hoc Transition Committee to review. Special thanks is due to Nancy Johnson
and Joan Lopeman for their hard work. And also to Kathleen Weir for her
management of this group.
The Finance Committee has to thank two individuals who have recently resigned.
David Alpert in August and Kathleen Weir in September. For all their hard work
and individual financial perspectives, the committee and also all homeowners owe
them a sincere thank you.
Since our committee is now down to four members, we are seeking additional
new members from the community. If you have a back ground or experience in
finance or accounting (whether a CFI of a major corporation to a bookkeeper for your own business), think about
putting your insights and perspectives to work.