TREASURERS REPORT MARK WARD November 11, 2017 HARBOR COVE - - PowerPoint PPT Presentation
HARBOR COVE TIMESHARE OWNERS ASSOCIATION 2017 AN ANNUAL ME MEETI TING TREASURERS REPORT MARK WARD November 11, 2017 HARBOR COVE TIMESHARE OWNERS ASSOCIATION 2017 AN ANNUAL ME MEETI TING HOW DO YOU PRONOUNCE THE FOLLOWING WORD?
HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION
2017 AN ANNUAL ME MEETI TING
MARK WARD November 11, 2017
HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION
2017 AN ANNUAL ME MEETI TING
HOW DO YOU PRONOUNCE THE FOLLOWING WORD? EXACTLY WHAT DOES IT MEAN?
HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION
2017 AN ANNUAL ME MEETI TING
HOW IS THE ANNUAL BUDGET DETERMINED?
PROJECT # WEEKS ANTICIPATED PAYMENT REVIEW CURRENT EXPENDITURES REVIEW ANTICIPATED NEW EXPENDITURES DEVELOP BUDGET ENTIRE BOARD REVIEWS AND THEN APPROVES
HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION
2017 AN ANNUAL ME MEETI TING
WHAT IS INCLUDED IN THE BUDGET?
ALL VARIABLE EXPENSES ALL FIXED EXPENSES FIGURED ONLY TO COVER COSTS-LITTLE EXCESS FUTURE SPENDING PROJECTS NOT INCLUDED IN ANNUAL OPERATING BUDGET
Revenue
Expenses
HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION
2017 AN ANNUAL ME MEETI TING
Expenses / 2018 Budget
$28,000 (21%) $10,904 (8%) $94,475 (71%) Fixed Variable Semi Variable Based on 245 paid weeks
HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION
2017 AN ANNUAL ME MEETI TING
$0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 265 Weeks 255 Weeks 245 Weeks 235 Weeks 300 Weeks
IMPACT OF ACTIVE WEEKS SOLD ON MAINTENANCE FEES
Fixed / Semi Variable Variable
HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION
2017 AN ANNUAL ME MEETI TING
HOW ARE EXPENDITURES MONITORED?
MANAGER OPERATES WITHIN LIMITS SUBMITS DETAILED MONTHLY REPORTS TREASURER REVIEWS AND KEEPS RECORDS TREASURER MONITORS BANK ACCOUNTS TREASURER REPORTS RESULTS TO BOARD TREASURER REPORTS ANNUALLY TO ASSOCIATION
HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION
2017 AN ANNUAL ME MEETI TING
IN CONCLUSION