Port Ludlow

Port Ludlow Voice Page 29
Bay Club/South Bay News
Submit articles to Judy Thomas, 437-7906, Bay Club Editor.,
by e-mail at judythomas2@yahoo.com
Janet Force, 437-0419, ludlow4c@gmail.com
is the SBCA Editor.
For information, call Linda Colasurdo at 437-2208.
s Denotes Bay Club members-only activity.
SBCA Important Dates
Monthly Board Meeting
Friday, March 9, 9:30 a.m.
Visit http://plsbca.org
All SBCA members are welcome. s
South Bay Meeting Report
by Janet Force, South Bay Editor
South Bay Community Association (SBCA) Treasurer
Chris Whitehurst called the monthly Board meeting to
order on Friday, February 10, at 9:30 a.m. Directors
Tom Claudson (electronically), Richard Grieves, Sue
Oemichen and Ken Thomas were present. President Pat
Traci and Vice-President Sharon Walker were absent.
Mike Morgan and Linda Colasurdo of the Bay Club Staff,
and 13 SBCA members also were in attendance.
After a quorum was determined (5/5), it was moved,
seconded and passed (MSP) to approve the meeting
agenda. The motion to approve the January minutes,
with one change to reflect the starting time for the March
meeting as 9:30 a.m., was also MSP.
Whitehurst reported the financial highlights for
December, showing the Total Current Assets for
the month to be $304,054.49, Total Assets to be
$637,355.55, an increase of $31,525.44 over last year’s
Total Assets. The Income Statement for December 2011
showed total revenues of $3,600.98 and Total Operating
Expenses of $34,271.15 and a Net Operating Surplus of
$15,879.62 for the 2011 fiscal year. (Note the surplus
is always high the first month of the quarter due to the
majority of dues being paid during that month, while
expenses are very consistent month to month.) The
Maintenance Reserve is $231,862.81 with $795.39
expended for the final bill to repair the roof leak. The
Renovation Fund is $15,013.14 with no expenses. MSP to
approve December 2011 financial report (4/5.)
The meeting adjourned at 10:58 a.m. The next regular
meeting will be held on Friday, March 9, 9:30 a.m. at the
Bay Club.
Message from the SBCA Board
by Ken Thomas, Board Member
The Board has heard from many South Bay Community
Association (SBCA) members regarding dues for the
2011-2012 year. The consensus is that members want to
retain and even improve the quality of the Bay Club while
not increasing dues.
Consequently, the Finance Committee, with the cooperation
of the Club management, has a group looking at ways
to cut expenses. These include reviewing all contracts,
putting new ones out for bid and looking for ways to cut
back or eliminate certain operational expenses.
A second group is looking for ways to increase income.
These may include trying to attract additional rentals of
Club spaces as well as holding fundraising activities.
The first of these fundraising activities will probably be
a Bingo night. Any income derived would be added to
our Renovation Fund so that the Club can continue to be
improved for all of us to enjoy.
Please, if you have suggestions for fundraising activities,
send them to Thomas at taktho@msn.com.
SBCA February
Committee Highlights
by Jen Portz, Contributing Writer
Architectural Review Committee (ARC): Linda
Colasurdo reported on one tree-limbing application. Sue
Oemichen will contact Pat Traci regarding answers to
ARC questions.
Facilities Planning: Richard Grieves advised that, after
a thorough analysis of three reserve study companies, the
Committee recommended hiring Reserve Data Analysis.
Their bid includes an initial study and accompanying
software that facilitates annual updating at no additional
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