Missed the HOA monthly meeting? Not to worry, see meeting reports & minutes below 😉
As of 5/31/2016, our Year-to-Date surplus is now over $45,500 for the the first 5 months or OVER A QUARTER OF OUR YEARLY BUDGET. Projected over the entire year, this surplus will be over $100,000!
The surplus comes almost entirely from savings on maintenance costs due a reduced crew. But the complex looks as good as it ever did, don’t you agree?
We have kept accruing our Reserves according to the 30 years plan, so we are still properly funding for the future.
Therefore, we should definitely think about reducing the dues next year! We could reduce the dues by as much as $80-90/month and still stay within budget!
Current YTD legal fees are close to $8,000, that’s 600% over budget! Projected over a year, this represent nearly $20,000! Why do we spend so much money on legal fees? There are no pending lawsuits that we have been told of, then again, transparency is not really what we get from the board…
HOA Meeting Documents
(*) As made available by the board starting February 2016, financial reports list only “Total Assets” and no longer include amount of reserves, bank balance & surplus/deficit information. We have requested that this information be provided in future reports as it has been in the past.
Financials YTD for 2016:
Note that the board has not reported amount or reserves or YTD surplus or deficit numbers since Feb 2016. You can still somehow obtain these numbers by looking at the Financial Summary. So much for transparency…
August 2015 meeting: Public Session – (1)
August 2015 meeting: Management Report (PDF)
July 2015 meeting minutes (PDF) – (2)
(1) Meeting canceled by board.
(2) Due to cancellation of meeting, July minutes will be published when available.
Financials YTD for 2015:
|August||Not reported||Not reported|
Note: The financial statements of Huntington Marina are public record.