Date: 7/13/2023
Time: 7:34 pm
Facilitator: Sandy Erickson
In Attendance
Sandy Ericksen
Cassie Ramsay
Dan Gonzalez
Lori Bulla
Johanna Wolfe
Approval of Minutes
Pending
Board Activity/Communication Prior to Meeting
Nothing to report.
Committee Seats
The board is recruiting for board members this October. The board is still in need of a replacement treasurer.
Financials
June vs. Budget
• Revenues were unfavorable by $1,329
• Expenses were unfavorable by $105
o Water Utilities and Security were unfavorable by $1,463
• Total income was unfavorable by $1,062
YTD vs. Budget
• Revenues favorable to budget by $5,247
• Expenses were favorable to budget by $1,370
o Accounting Services, Insurance, Landscape Contract, Pool Permits, Pool Management, Pool/Playground repairs, Security Repairs expenses are currently favorable by $7,510
o Security was unfavorable by $5,536
• Total income is favorable by $7,587 to budget
Profits and Losses
• June: $3,310 in Gross Revenue, $9,334 in Total Expenses, after deprecation COCC has Net Income of -$6,022
• YTD: $76,277 in Gross Revenue, $55,972 in Total Expenses, after depreciation COCC has YTD Net Income of $20,314
Accounts Receivable
• There are $10,455 in assessments and late fees due to COCC that are from 2022 and prior years from 11 residents. This is anyone that owes more than $380.
• There are $9,191 in 2023 assessments from 27 residents
Pool Report
Approximately seventy pool members YTD. The pavilion is reserved for two events. The board has received our license, but we are still awaiting an inspector. The gate needs to be adjusted to verify safety and security.
A sprinkler system was installed as a component of a landscape improvement project in the pool flower bed. The board needs to review the project and budget. The fencing around the pump and the shed needs to be replaced and the board needs to review the budget and project viability.
Due to various conditions, the board will need to buy more chemicals for the pool to maintain adequate conditions.
Landscaping
Committee Chair was absent this meeting. Nothing to report.
Deed Restrictions
Committee Chair was absent this meeting. Nothing to report.
Security
Committee Chair was absent this meeting. Nothing to report.
Acorn Newsletter
Nothing to report.
Social
The board intends to have a Labor Day event for residences. Details regarding the event will be finalized and publicized.
Guest Attendee
No resident in attendance.
Follow Up from June
Nothing to review.
Next Meeting
August 10, 2023 / 7:30 pm
Meeting ended: 8:31 pm