For the ten months ended October 31, 2012<\/p>\n
With only two months left until we begin a new year, Meadow Hill, Inc. shows a net surplus of income over expenses in the amount of $30,738. November, however, will register a payment for annual sewer charges that should reduce the surplus considerably. In addition, legal charges, already $4,000 over budget, will increase as the board continues to ensure compliance with new laws and regulations regarding condominium complexes.<\/p>\n
The cash balance at the end of October was $39,350.30, an increase of $5,485.91 over the previous month. The social savings account balance was reduced to $101.22 with the transfer of $400.00 to social checking which now carries a balance of $1012.11. The savings account will be closed soon with a final transfer to checking.<\/p>\n
Cash held in reserve in money market accounts stands at $476,159.11, an increase of $6510.56 over the previous month. To date, the addition to reserves is $81,360. With completion of the recent sidewalk repairs, along with the purchase of a new TV for the clubhouse, money market reserves can be expected to decline by approximately $36,000 at year end (offset by the normal monthly increase from residents\u2019 fees.)<\/p>\n
– David Faxon<\/p>\n","protected":false},"excerpt":{"rendered":"
For the ten months ended October 31, 2012 With only two months left until we begin a new year, Meadow Hill, Inc. shows a net surplus of income over expenses in the amount of $30,738. […]<\/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-1568","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\/1568","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=1568"}],"version-history":[{"count":1,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/1568\/revisions"}],"predecessor-version":[{"id":1569,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/1568\/revisions\/1569"}],"wp:attachment":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}