{"id":1530,"date":"2012-10-04T06:42:13","date_gmt":"2012-10-04T12:42:13","guid":{"rendered":"http:\/\/meadowhill.net\/?p=1530"},"modified":"2012-10-04T06:42:13","modified_gmt":"2012-10-04T12:42:13","slug":"financial-notes","status":"publish","type":"post","link":"https:\/\/www.meadowhill.net\/?p=1530","title":{"rendered":"Financial Notes"},"content":{"rendered":"<p>Not much change in our financial condition between July and August. All checking accounts declined by $2,929 to $48,117.58. Reserves for repair and replacement, however, increased by $2,464. We now have a total of $461,222 held in money market accounts. The August increase is net of $6,000 used to replace the paddock fencing with vinyl boards.<\/p>\n<p>Monthly income from condo fees, rent, interest, special assessments etc. remained steady, averaging a little more than $47,000 per month.<\/p>\n<p>There were some extraordinary expenses during August. For instance, the Association paid $5,165 in unexpected insurance claims resulting from water leaks in three units. Additional insurance claims may be expected in the near future. Overall, there is a budget surplus of $38,810 eight months into the year. I expect it will decline as we near year end when large bills, such as the sewer assessment, have to be paid.<\/p>\n<p>Progress has been made toward redesigning the balance sheet so that it is more easily understandable; also finalizing audit adjustments from 2011.<\/p>\n<p>David Faxon, Treasurer<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not much change in our financial condition between July and August. <\/p>\n<p>Progress has been made toward redesigning the balance sheet so that it is more easily understandable; also finalizing audit adjustments from 2011.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1530","post","type-post","status-publish","format-standard","hentry","category-lark"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/1530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1530"}],"version-history":[{"count":1,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/1530\/revisions"}],"predecessor-version":[{"id":1531,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/1530\/revisions\/1531"}],"wp:attachment":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}