2 0 1 5 Annual Hom eow ner’s Meeting
Welcome Introductions 2014 Year in Review 2015 Potential Projects Property Maintenance Review Financials Q & A Board Elections Agenda
Sherri Handcock – President Keith Jones – Vice President John Hudson – Secretary/Treasurer Carter Low – Association Manager Meet the Board
Doris Hedblom Tom Shepherd Johnny Spann ARC Mem bers
Cherry Carter Sue Grigsby Jill Rueda Mark Short Landscape Com m ittee Mem bers
Terra Coyle Donna Spann Social Com m ittee Mem bers
Do we want a Fall Garage Sale? Neighborhood Garage Sale
HOA Holiday Lights
End of School Party– ◦ Movie Night ◦ Halloween Party National Night Out Ladies Ornament Exchange Front Yard Fun Facebook Poker Night? Ladies Night Out? “Know Your Neighbors” I deas
Improvements? ◦ Contact Carter Low, CMG ◦ P.O. Box 104,Argyle, Texas 76226 ◦ (940) 464-1107 Phone ◦ (940) 464-4502 Fax ◦ Carter.Low@DentonCMG.com Neighborhood Appeal ◦ Lawn Maintenance ◦ Fences In Good Repair ◦ Maintain Property Value Housekeeping
Drainage/Creek Clean-Up ◦ Removed dead trees/brush ◦ Worked with ATMOS on replacing vegetation ◦ Worked with FM to rebuild Drainage entrance Landscape Maintenance ◦ Changed Landscape Service Vendor ◦ Numerous Irrigation Repairs ◦ Replaced Bushes Brick Wall Repairs ◦ Panels replaced Amended the Governing Documents ◦ Allow 8 foot fences ◦ Reduced quorum requirement to 25% ◦ Reduced approval for rule changes to 51% Neighborhood Directory ◦ Thank you to Donna Spann Worked with ATMOS to minimize tree removal in the gas easement 2 0 1 4 / 2 0 1 5 Projects
Brick Wall Mortar Repairs in August Replace Missing Wrought Iron Panel Replace Missing Wrought Iron Finials Repair Detached Wrought Iron Fences Replace Entrance Lighting Add Wrought Iron Fence at Drainage/Creek Entrance Additional Plant/Tree Replacements in the Fall including replacing Hawthorns destroyed by the brick wall. 2 0 1 4 / 2 0 1 5 Planned Projects
Brick W all Mortar Repair
Brick W all Mortar Repair
Replace Missing W rought I ron Fence Panel
Replaced Fallen Brick Panels
Repair W rought I ron Fence Attachm ents
I ncom e Actual Budget Assessments $36,000 $36,000 Delinquent Interest $136 $0 Interest $3 $0 Total I ncom e $ 3 6 ,1 3 9 $ 3 6 ,0 0 0 2 0 1 4 I ncom e
Expense Actual Budget Administrative $5,783 $6,390 Insurance $1,762 $1,881 Landscape Maintenance $11,140 $12,000 Landscape Improvements $432 $500 Irrigation Repairs $1,056 $1,000 Water $7,796 $13,629 Electric $541 $600 Total Expense $ 2 8 ,5 1 0 $ 3 6 ,0 0 0 2 0 1 4 Expenses
I tem Actual Budget Income $36,139 $36,000 Expense $28,510 $36,000 Net Profit/ < Loss> $ 7 ,6 2 9 $ 0 2 0 1 4 Net
4% 2% 2% Landscape 6% Maintenance Water Administrative 39% 20% Insurance Irrigation Repairs Electric 27% Landscape Improvements 2 0 1 4 HOA Operating Expenses
Wrought Iron High Water Bills & Painted Street Brick Wall Repairs Fence Painting & Lights & Electrical Irrigation Repairs & Wrought Iron Mortar Repairs & Landscape Repairs Fence Improvements 60000 50000 40000 30000 20000 10000 0 2011 2012 2013 2014 2015 (Est) HOA Expenses
10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 2011 2012 2013 2014 HOA Reserve Balance ( S/ B $ 1 0 ,8 0 0 )
2 0 1 5 Project Am ount Rebuild Fallen Brick Panels (3) $9,905 Mortar Repairs $5,250 Drainage/Creek Tree/Brush Removal $2,544 Landscaping Improvements $3,540 Replace Missing Wrought Iron Fence $500 Wrought Iron Fence @ Drainage/Creek $2,500 TOTAL: $ 2 4 ,2 3 9 2 0 1 5 Special Assessm ent $ 1 8 ,0 0 0 Reserve Fund < Reduction> < $ 6 ,2 3 9 > 2 0 1 5 Projects
Q & A Q & A
Board of Directors Nominations (2) ◦ Sherri Hancock ◦ Others? Committee Positions ◦ Landscape ◦ Social Board Elections
Thank you for Attending Meeting Adjourned…
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