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Timberwood Trails

Timberwood Trails . Homeowner Meeting April 11, 2012. Trustee Members. Ken Waterman President Steve Lundergan Treasurer Sue Haverstick Secretary Patty Ferguson Committee Member Rich Durbin Committee Member Kevin Hunter Committee Member Mike Gabally Committee Member.

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Timberwood Trails

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  1. Timberwood Trails Homeowner Meeting April 11, 2012

  2. Trustee Members Ken Waterman President Steve Lundergan Treasurer Sue Haverstick Secretary Patty Ferguson Committee Member Rich Durbin Committee Member Kevin Hunter Committee Member Mike Gabally Committee Member

  3. Financial Report 2011 Results Revenues $117,763.02 Operating Expenses $ 87,632.82 Gross Income $ 30,130.20 Project Costs $ 52,921.19 Net Deficit for 2011 $ 22,790.99

  4. 2011Capital Improvements & Maintenance Projects Pool Improvements • Pool Surface Concrete Repairs $ 7,600.00 • Deposit For Pool Surfacing $ 1,846.00 • Chemical Tanks/New Pad $ 3,850.00 • New Pump $ 7,595.00 • New Electric Wiring Throughout $ 3,600.00 • Re-plumb Pool Room And Baths $ 726.25 • New Locks For Pool $ 318.80 Total Pool Improvements $ 25,536.05

  5. 2011 Capital Improvements & Maintenance Projects (Continued) Entrance Improvements $ 16,297.11 24 Cul-de-sacs/Pool/ Tennis (26 areas)$ 11,088.92 $ 27,386.03 Average per area was $426.50 Total 2011 Project Costs=$52,922.08

  6. 2012 Capital Improvements & Maintenance Projects • Pool Bottom Plastered $ 35,000.00 • Retention Basin Repaired $ 17,500.00 • Tennis Courts Repaired $ 12,000.00 • Parking Lot Sealed $ 2,200.00 • Completion of Cul-de-sacs $ 3,000.00 Total Project Costs $ 69,700.00

  7. Financial Report 2012 Budget Revenues $117,709 Operating Expenses $ 93,130 Gross Income $ 24,579 Project Costs $ 69,700 Net Deficit for 2012 $ 45,121

  8. Capital Reserves • At 12/31/2011 • Ending operating surplus at 12/31/11 $18,142.00 • CD #1 - 11/06/2016 - .95% $40,109.51 • CD #2 - 11/10/2015 - 1.75% $12,414.60 • CD #3 - 05/26/2013 - 2.66% $12,846.19 • Checking Account #1 $25,001.02 • Checking Account #2 $ 4,212.86 • Capital Reserves at 12/31/2011 $112,726.18 2012 Net Deficit - $45,121.00 Anticipated Reserves at 12/21/2012 $67,605.18

  9. Reserve Reimbursement Plan • The 2011 & 2012 re-investment in Timberwood Trails will be $122,622. • At December 2012, Capital Reserves will be depleted to approximately $67,605. • Reserve Reimbursement Plan to be implemented in January of 2013. • By December of 2014 our minimum goal is to replenish reserves back to over $100,000.

  10. Committee Involvement • Social Committee • Chair – Heather Mellor • 2012 events • Welcome Wagon • Pool Committee • Co-Chairs – Ken Waterman & Kevin Hunter • 2012 Hours: Sun – Thurs 11 to 8pm / Fri - Sat 11 to 10pm • Pool Cards & Emergency Contact Forms • Rules • Tennis Court Oversight

  11. Communications • Website www.timberwoodtrails.net • Calendar • Registrations • Gmail timberwoodtrails@gmail.com • Distribution list is now at 156 • Signage at Entrances

  12. Questions & Answers Close Meeting

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