The transition was completed from Jon Lee to Brenda Campbell after the Annual HOA meeting on February 2. Our bank account signatures were updated to remove Jon Lee and add both Brenda Campbell and Ron Alford. The post office box key was also transferred to Brenda Campbell.
General Update:
- Corrected Budget item for Total Dues from $19,283 to $19,320.
- Capital Reserve balance as of 3/31/10 is $28,895.09.
- We have received $17,702.86 in dues payments so far, which is for 2010 and some prior outstanding balances. I will show the itemized interest breakout starting next month.
- Outstanding dues remaining to be collected on 11 properties for 2010, 3 properties for 2009 & 2010 and 1 property owing back interest only.
Payments made 1st Quarter 2010:
| Expense Category | Payment To | Amount | Description |
| Accounting & Taxes | IRS | 5.58 | 2009 Taxes |
| Electric | Progress Energy | 177.06 | Electric bills (pool & entrance) 1/27 – 2/24/10 |
| Electric | Progress Energy | 192.30 | Electric bills (pool & entrance) 12/28/09 – 1/27/10 |
| Electric | Progress Energy | 166.21 | Electric bills (pool & entrance) 2/24 – 3/29/10 |
| General Maintenance & Repair | Bill Campbell | 79.74 | Reimburse for Entrance Light purchase |
| Insurance | Erie Insurance | 1,322.00 | Liability insurance policy renewal |
| Pool contract | Crystal Clear Swimming Pools, Inc. | 487.14 | Maintenance 1/1-1/31/10 |
| Pool contract | Crystal Clear Swimming Pools, Inc. | 440.00 | Maintenance 2/1-2/28/10 |
| Pool Paint & Mandated Upgrades | Scuba Clean Pools Inc | 2,500.00 | Initial payment on drain replacement |
| Pool Paint & Mandated Upgrades | Scuba Clean Pools Inc | 3,000.00 | Final payment for drain replacement and pool repainting |
| Pool Paint & Mandated Upgrades | ASG Engineering | 300.00 | Required VGB inspection and certification for drain replacement |
| Pool permits | Wake Co. Environmental Services | 275.00 | Annual Pool Permit |
| Social | Amy Powell | 140.46 | Reimburse Easter Party expenses |
| US Postal Service | Brenda Campbell | 147.12 | Reimburse for Annual Letter to Homeowners |
| Water | City of Raleigh | 155.61 | Water/sewer for 12/1/09 – 2/2/10 |
| Total Payment as of 4/12/2010 | 9,388.22 |
Itemized Budget balance as of 4/11/2010:
| Harps Mill Woods Budget 2010 – As of 4/12/2010 | |||
| Budget | Actual | Treasurer Comments | |
| Income | |||
| Dues rate | 168.00 | 168.00 | |
| Total Dues | 19,320.00 | 17,702.86 | |
| Fees | – | – | |
| Interest | 100.00 | – | |
| Total Income | 19,420.00 | 17,702.86 | |
| Expense | |||
| Electric | 2,300.00 | 535.57 | For Service period: 12/28/09 – 3/29/10 |
| Water | 750.00 | 155.61 | Water/sewer for 12/1/09 – 2/2/10 |
| Common Area Landscaping | 900.00 | – | |
| Mulch for Pool | 1,000.00 | – | |
| Flowers | – | – | |
| General Improvements | – | – | |
| General Maintenance & Repair | 600.00 | 79.74 | New Entrance Light |
| Pool phone | 400.00 | – | |
| Pool contract | 11,000.00 | 927.14 | Jan & Feb maintenance invoices |
| Pool additional readings | – | – | |
| Pool permits | 300.00 | 275.00 | Wake Co. permit |
| Pool supplies, chemicals | 900.00 | – | |
| Pool repairs | – | – | |
| Pool keys | 100.00 | – | |
| Accounting & Taxes | 375.00 | 5.58 | Federal taxes 2009 |
| Legal collections | 200.00 | – | |
| Legal opinions | – | – | |
| Management contract | – | – | |
| Insurance | 1,400.00 | 1,322.00 | Policy premium – annual payment |
| I-540 | – | – | |
| Printing | 100.00 | – | |
| US Postal Service | 300.00 | 147.12 | Annual Letter |
| Social | 1,000.00 | 140.46 | Easter Party |
| Contingency | – | – | |
| Ditch/Erosion/Path | – | – | |
| Capital reserve | – | – | |
| Pool Paint & Mandated Upgrades | 6,000.00 | 5,800.00 | New certified drain & painting |
| Financial Review | 100.00 | – | |
| Pig Pickin’ | – | – | |
| Pool Furniture | – | – | |
| Web Site | 100.00 | – | |
| Total Expense | 27,825.00 | 9,388.22 | |
| Total Income minus Total Expense | (8,405.00) | 8,314.64 | |