+ SMVE 2018 Homeowner Meeting + Agenda 2 n HOA Core - - PDF document
2/21/18 + SMVE 2018 Homeowner Meeting + Agenda 2 n HOA Core Mission/Objectives n Acknowledge and thank volunteers n 2017 Accomplishments n 2017 Operating Expenses and 2018 Budget n Reserve Expenses n Dues 1 2/21/18 + 2017 Board Changes 3 n
n HOA Core Mission/Objectives n Acknowledge and thank volunteers n 2017 Accomplishments n 2017 Operating Expenses and 2018 Budget n Reserve Expenses n Dues 2
n Kip Longan n Laura Franklin n Kiki Cheney n Guy Scharf 3
n To preserve and enhance homeowners’ investments n To protect financial stability n To ensure aesthetics n To maintain amenities n To cultivate community 4
n Architecture Committee n Lee Radziemski n Joe Steiner n Board Member - Pools n Kip Longan n Communications n Donna McBain Evans n Finance Committee n Steve Graff n Toz Spaulding (also Reserve
Specialist)
n Financial Reconciliations n Sam Evans n HO Directory, Rep with Road
Commission, Invasive Grasses
n Pam Negri n Hospitality Committee n Sonja Allen n Pat Larson n Margie McCoy n Diane Meuser n Teresa Scharf (past chair) n Jane Spalding (current chair) n Joyce Steiner n Carole Stephan n Susie Struck n Insurance n Andy Sherman
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n Lighting Design Standards n Stevie Willett n Maintenance n Rick Levy n Rick van Hasselt n Photography n Bob Yanal n Roads Committee n Dale Larson n Bob Mix n Snakes & Lizards n Ted Forsberg n Granny Grant n SNAP Representative n Joe Steiner n Trash Can Movement n Joseph and Grazyna Fercz n Tennis Courts n Lee Radziemski n Water Watchers n Lois Coan n Ardith Grady n Cathy Grant n Cynthia Schneider n Toz Spalding n Water Aerobics n Frankie Paulus
6
n ½ mile of roads were reconstructed and 2.7 miles were seal
n 16 buckled sidewalk sections replaced n Pools n North tennis court was resurfaced n Two major landscape improvements n 64 trees trimmed and thinned with lower cost vendors used
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n Increased number of events hosted by Hospitality Committee
n Increased homeowner volunteerism n Continued push for transparency, info on web, etc. n Architectural design notes created 8
n Operational budget has been nearly flat for last several years and this
trend will continue for 2018
50 100 150 200 250 300
2013 2014 2015 2016 2017 2018
Actual Budget
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Clubhouse 2% Roads, Security, Other Common Area 2% General / Admin 6% South Rec Area 7% North Rec Area 11% Trash Collection 11% Common Area Landscaping 19% Reserves 42%
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n A reserve is a fund set aside for repair, restoration or replacement
n Reserve spending is typically for large items n Expenses are irregular in timing n Expenses are inevitable n Reserves prevent special assessments 11
Medium High Low
12
100000 200000 300000 400000 500000 600000 700000 01/01/16 01/01/17 01/01/18 01/01/19 01/01/20 01/01/21 01/01/22 01/01/16 01/01/17 01/01/18 01/01/19 01/01/20 01/01/21 01/01/22 Reserve Study Balance 214039 237747 380375 475553 471017 353936 407076 Actual/Projected 214039 451658 426327 429818 508454 391374 444513
Reserve Study Balance Actual/Projected
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50000 100000 150000 200000 250000 300000 2016 2017 2018 2019 2020 2021 2022
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$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000
Annual Homeowner Dues 15
n Amenities/Facilities n 3.2 miles of private roads n Trash removal n We’re playing catch up with Reserve Fund n Avoiding special assessments 16
n Ensuring sufficient funds to cover operational expenses and
n Establishing a pattern of regular small dues adjustments
n Expect annual increases in the 2-3% range starting in 2020
n Communicating dues amount a year in advance n Continuing the history of no special assessments 17
n Our board president, Guy Scharf, is retiring. Guy was
n Increased transparency n Masterminded the database n Drove significant improvements with process n Handled numerous architectural requests n Spearheaded roads work n And much much more! 18