{"id":361,"date":"2008-11-05T11:15:43","date_gmt":"2008-11-05T17:15:43","guid":{"rendered":"http:\/\/www.meadowhill.net\/?p=361"},"modified":"2009-02-04T14:51:08","modified_gmt":"2009-02-04T20:51:08","slug":"money-matters-2","status":"publish","type":"post","link":"https:\/\/www.meadowhill.net\/?p=361","title":{"rendered":"MONEY MATTERS! &#8211; Nov 08"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"margin: 0in 0in 0.1in; line-height: 14pt; mso-para-margin-bottom: .6gd; mso-line-height-rule: exactly;\"><span style=\"font-size: small; font-family: Arial;\">I\u2019d like to start a regular feature in The Lark updating all of you on how we are doing financially as a community.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>I believe it\u2019s important for all of you to know how we stand.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0.1in; line-height: 14pt; mso-para-margin-bottom: .6gd; mso-line-height-rule: exactly;\"><span style=\"font-size: small; font-family: Arial;\">Our transition from ABC to APM is almost complete and while there may still be some pending transactions to be posted, I want to share with you our YTD results thru September.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0.1in; line-height: 14pt; mso-para-margin-bottom: .6gd; mso-line-height-rule: exactly;\"><span style=\"font-size: small; font-family: Arial;\">As an overview, our budget for 2008 is $547,000.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>We are basically running a business with over one-half million dollars in sales.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>Our common fees are the \u201csales\u201d and our planned additions to reserves are our \u201cprofit\u201d for the year.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>For 2008, our planned expenses are $461,000 and our planned additions to reserves are $86,000.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0.1in; line-height: 14pt; mso-para-margin-bottom: .6gd; mso-line-height-rule: exactly;\"><span style=\"font-size: small; font-family: Arial;\">Through September, we are about $5,000 over budget, which is not bad.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>That means we are tracking plan very well.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>We have incurred some higher-than-expected costs for walk repairs, mulch, pest control and outside contractors, to name a few.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>However, we are below budget for such expenses as electricity, tree removals\/trimming, and snow removal.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0.1in; line-height: 14pt; mso-para-margin-bottom: .6gd; mso-line-height-rule: exactly;\"><span style=\"font-size: small; font-family: Arial;\">Our reserves are currently about $240,000 and are in the form of CDs and money market account.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"margin: 0in 0in 0.1in; line-height: 14pt; mso-para-margin-bottom: .6gd; mso-line-height-rule: exactly;\"><span style=\"font-family: Arial;\"><span style=\"font-size: small;\">Additionally, the Finance Committee has initiated a project to develop a Long Term Capital Plan for our community.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>The objective is to identify the capital requirements to maintain our infrastructure over the next five to ten years.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span>We will provide you with an update on that project at our annual meeting in December.<span style=\"mso-spacerun: yes;\">\u00a0 <\/span><br \/>\n<\/span><span style=\"font-size: 10pt;\"><span style=\"mso-spacerun: yes;\">\u00a0 <\/span><span style=\"mso-tab-count: 2;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Submitted by Lincoln May, Treasurer<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I\u2019d like to start a regular feature in The Lark updating all of you on how we are doing financially as a community.\u00a0 I believe it\u2019s important for all of you to know how we [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-361","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\/361","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=361"}],"version-history":[{"count":6,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/361\/revisions"}],"predecessor-version":[{"id":545,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/361\/revisions\/545"}],"wp:attachment":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}