spring valley homeowners association 2014 annual membership meeting welcome spring valley hoa - 2014...
TRANSCRIPT
Spring Valley Homeowners Association 2014 Annual Membership Meeting
WELCOME
Spring Valley HOA - 2014 Annual Membership Meeting
Call to OrderApproval of Previous MinutesIntroduction 2013 & 2014
BoardsReports
President’s Report Architecture Committee Covenants Committee Website Irrigation Financials / Budget 2014 Budget
Member/Neighbor InputNew Business
Matchett ParkDoor PrizesAdjournment
AGENDA
Spring Valley HOA - 2014 Annual Membership Meeting
Joel Robinson, PresidentJudy Hawkins, Vice-President & Covenants
Connie Doležal, SecretarySharon Wilkinson, TreasurerMichael Tucker, Architectural Chair
Christine Sartoris, Website
2013 OFFICERS & DIRECTORS
Spring Valley HOA - 2014 Annual Membership Meeting
2014 BOARD OF DIRECTORS
Joel Robinson, PresidentWayne Campbell, Vice-President
Mike McDowell, TreasurerSharon Wilkinson, Secretary & Covenants Chair
Christine Sartoris, Web Site & Architectural Chair
Volunteers Irrigation System
Improvements Web Site Overhaul &
eNewsletter Collections Quorum Door Prizes
OVERVIEW 2013
Spring Valley HOA - 2014 Annual Membership Meeting
Approved 37 Total Requests13 Painting8 Fence Replacements2 Storage Sheds6 Re-roof 4 Stucco3 Repaint & Roofing1 Room Addition
Complaints3 regarding colors1 regarding fence
ARCHITECTURAL CHANGES 2013
Spring Valley HOA - 2014 Annual Membership Meeting
Submit all three (3) copies of the Architectural Change Request, available on Web site
Submit a manufacturer’s paint chip for each color for each copy of the request
Submit a manufacturer’s paint chip (if different) for siding, trim, garage doors, etc.
Chart of Approved Colors is available
ARCHITECTURAL REMINDERS
Spring Valley HOA - 2014 Annual Membership Meeting
Parking ViolationsCars on grassRVs, boats, ATVs not behind fences
Overgrown LawnsGarbage cans in front of house
Sharon Wilkinson, 2014 Covenants
chair—contact for enforcement issues
MOST COMMON COMPLAINTS & COMPLIANCE ISSUES
Spring Valley HOA - 2014 Annual Membership Meeting
SVHOA DOCUMENTSArticles of IncorpBylawsCovenantsWelcome BrochureAnnual Mtg Proxy
2012-13 BOARD MEETING MINUTESAnnual Mtg minutes February 2013March 2013April 2013May 2013June 2013July 2013September 2013October 2013November 2013December 2013
2014 BOARD MEETING MINUTESAnnual Mtg Agenda
SVHOA POLICIESDispute FormAdoption RepealCollectionsEnforcementPolicy Amendment
NEWSLETTERSSpring 2012Fall 2012Spring 2013Fall 2013
FINANCIALSAnnual BudgetMost Recent Financials
OTHERArchitectural Request Change Form
INCOME-2013 Assessment - $200/year Year to Date 2013 Budget Budget Bal.
Income Homeowners Dues 82,913.00 $ 83,800.00 $ 887.00 Fees & Penalties 815.61 50.00 (765.61)Income - Transfer/Status Fees 95.00 - (95.00)Miscellaneous Income 5.00 75.00 70.00
Sub-Total Income 83,828.61 83,925.00 96.39 Interest Income 275.16 400.00 124.84
Total Income $ 84,103.77 $ 84,325.00 $ 221.23
EXPENSES Year to Date 2013 Budget Budget Bal.
Annual Meeting Expenses $ 145.00 $ 175.00 $ 30.00 Capital Inprovements 34,789.21 - (34,789.21)Income Tax Expense - - - Insurance Expense 3,395.00 3,000.00 (395.00)Irrigation Manager Expense * 10,225.00 8,000.00 (2,225.00)Maintenance & Repairs Expense 3,492.87 7,500.00 4,007.13 Office Manager/Bookkeeper Expense 9,000.00 9,000.00 - Office Expenses & Supplies 2,311.13 2,500.00 188.87 Power Expense 15,322.39 13,500.00 (1,822.39)Professional Fees 778.75 1,000.00 221.25 Recording Fees 44.00 150.00 106.00 Location Utilities 293.39 250.00 (43.39)Water Expense 5,971.90 6,500.00 528.10 Miscellaneous 5.00 1,000.00 995.00
Total Expenses $ 85,773.64 $ 52,575.00 $ (33,198.64)
To Reserves to Balance Budget $ 31,750.00 $ 31,750.00 $ 84,325.00
2013 FINANCIAL STATEMENT
Spring Valley HOA - 2014 Annual Membership Meeting
OPERATING EXPENSES
2013 (actual) 2014 (budgeted)Annual Meeting 145.00$ 175.00$ Capital Improvements* - -Income Tax - -Insurance 3,395.00$ 3,400.00$ Irrigation Manager 10,225.00$ 10,250.00$ Maintenance & Repairs 3,492.87$ 7,500.00$ Office Manager 9,000.00$ 9,000.00$ Office Expenses 2,311.13$ 2,500.00$ Power Expense 15,322.39$ 15,000.00$ Professional Fees 778.75$ 1,000.00$ Recording Fees 44.00$ 150.00$ Locate Utilities 293.39$ 275.00$ Water 5,971.90$ 8,465.00$ Miscellaneous 5.00$ 100.00$ Total Operating Expenses 50,984.43$ 57,815.00$
* Capital Improvements 34,789.21
Spring Valley HOA - 2014 Annual Membership Meeting
2013 2014 ( actual ) (current dues $200)
Income $ 84,103 $ 83,800Operating Expenses - 50,984 - 57,815Total Net Income $ 33,119 $ 26,240
2013 End of Year & 2014 BUDGET
Spring Valley HOA - 2014 Annual Membership Meeting
JANUARY 2014ESTIMATED RESERVES
Operating Account: 4,382
Capital Improvement: 74,961
Money Market Reserves: 73,917
Estimated Operating and Reserves:$ 153,270
Spring Valley HOA - 2014 Annual Membership Meeting
Survey Link – for community input open until Jan 31, 2014 – (available on the city’s website)https://www.surveymonkey.com/s/MatchettPark_Survey1
Next Community Meeting February 13, 2014 (details to follow)
Visit the City’s website to learn more at www.gjcity.orgNewsletterCommunity meeting #1 power pointFAQs
Spring Valley will also post meeting dates on our website
Stay informedProvide Input
MATCHETT PARK
Spring Valley HOA - 2014 Annual Membership Meeting
HOA DUES DOOR PRIZE
Proxy Door PrizeAttendee Door Prize
Spring Valley HOA - 2014 Annual Membership Meeting