2019 Treasurer’s Report

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Sumitted by: Craig Nelsen

February 5, 2020 (For 2019 – Year End)

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December 31, 2019 — Account Balances:

Checking/Savings

1011 · Operating Account – #9557

9,247.92

1040 · Savings – Sterling – #4661

40,190.94

Total Checking/Savings

49,438.86

Jan 1, 2019 Account Balances totalled $ 48,556
Net Cash difference in cash balances (this year) = + $ 883
- Discrepancies between bank balances and the P&L statement are due to accrual accounting method used (primarily deposits made at year-end recorded but not shown in 12/31 statements).

HOA Income and Expenses highlights:

Real Estate Taxes continue to be low based on the implementation of the conservation easement and rezone of the park property accomplished in 2017.
Most budget categories were pretty accurate, and with the exception of landscaping, savings were realized.
Tax return Prep and some insurance cost (payments) may be incurred in 2020, deferred from 2019
Landscaping costs continue to be our largest expense. We went over budget by $2000 for landscaping service in 2019. We did buy picnic tables for the park this year.
Dues collected in 2019 matched our budget nicely. While some members remain ‘non-paying’ members, dues collection came in at almost $12,000 ($1000 over amount budgeted)
The net result for 2019 is a slight improvement in our financial picture and an HOA nearing stability / sustainability.