June-2017-Link-for-Web

BOARD OF DIRECTORS
April Motions
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68 · LINK · JUNE 2017
Motions for April 5, 2017
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e Board of Directors unanimously approved
to accept the bid from Jet Development at a
cost not to exceed $116,000 for the Highland
Falls patio enclosure as recommended by
SCSCAI Executive Director Paul Henderson.
e Board of Directors unanimously approved
the appointment of Barbara Holden as the
chairwoman of the Community Preparedness
Committee (CPC).
e Board of Directors unanimously approved
the purchase of two speed limit ashing signs
from the City of Las Vegas at a cost of approximately
$4,000 each.
e Board of Directors unanimously approved
a motion at the recommendation of Common
Area Properties Committee Chairman Ken
Caroccia to install an automatic door opener at
Mountain Shadows at cost not to exceed $6,000.
e Board of Directors unanimously approved
a motion at the recommendation of Common
Area Properties Committee Chairman Ken
Caroccia to purchase 500 maroon chairs with
silver trim at a cost not to exceed $25,000. An
additional cost of approximately $5,000 will
need to be added for shipping and handling.
e total cost of the project is not to exceed
$30,500.
e Board of Directors unanimously approved
the Finance Committee’s recommendation to
reduce the reserve funding level of 80 percent
to 75 percent.
• e Board of Directors unanimously approved
a recommendation of the Finance Committee
amended by the executive director as follows:
Total revenue of $15,417,102, total expenses of
$15,517,483, and an additional contribution from
excess working capital of $100,831.00 with a net
surplus of $0 Operating Budget for SCSCAI
supported by attached documents incorporated
therein, submitted by the executive
director, for the scal year beginning July 1,
2017, and ending June 30, 2018.
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e Board of Directors unanimously approved
a recommendation of the Finance Committee
amended as follows: New capital acquisitions
Budget for the scal year beginning July 1, 2017,
and ending June 30, 2018, in the amount of
$208,500 supported by attached documents
incorporated therein.
e Board of Directors unanimously approved
the recommendation of the Finance Committee
for the capital asset reserves budget for the
scal year beginning July 1, 2017, and ending
June 30, 2018, in the amount of $2,050,760 supported
by attached documents incorporated
therein.
e Board of Directors unanimously approved
a recommendation of the Finance Committee
as amended by the executive director as follows:
e executive director recommends to the Board
of Directors an annual assessment increase of
$108 or 8.4 percent for the scal year beginning
July 1, 2017, and ending June 30, 2018, with the
following breakdown: Total assessment,
$1,392.00; operating budget, $1,287.00; combined
capital asset reserve Funds, $90.00; and
new capital acquisitions, $15.
e Board of Directors unanimously approved
a motion by the Finance Committee recommending
the acknowledgment of receipt of the
reserve study by McCaffery Reserve Consulting
for scal year ending June 30, 2017.
e Board of Directors unanimously approved
the revised Development Standards.
e Board of Directors unanimously approved
the revised Fine Policy.
e Board of Directors unanimously approved
the revised Complaint and Hearing Protocol.
e Board of Directors unanimously approved
a service agreement with Association Voice to
develop a website for SCSCAI with a cost not
to exceed $5,000 for the rst year of service.
e Board of Directors unanimously
approved the purchase and installation of
Continued on page 35