HOA MTG Minutes from 5/14/18 5:30 p.m.
- Financial Review- HOA finances were reviewed. There is still one outstanding 2018 assessment. The recent road repair of $1000 was not budgeted for but the operating account is still projected to cover our remaining expenses for the year.
- Lot #5 Owner is planning to fill in low area in center of property. Request will be submitted before start.
- HOA Insurance- investigated to see what additional coverage would cost. Current policy is in line with typical HOAs, and increasing coverage can only be obtained by getting an umbrella policy at a cost of $750 per million in coverage. It was decided to keep our coverage as is.
- The community road and swales will be evaluated to determine if we need to include funding for those items in the 2019 budget.
- Audit/Financial review committee from last year to be contacted to start review for current year. Reach out to community for new/additional members. Please contact a board member if interested.
- Next meeting scheduled for July 19, 6 p.m.
