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20 FOUR SEASONS BREEZE | JULY 2020 We had our monthly meeting on April 28 and conducted a special meeting to review March financials on May 18. The financial statements for February and March 2020 were reviewed and recommended for BOD approval. Highlights of the March financial report follows. Total Assets are $10,292,741 including checking $523,269 and reserve assets of $7,975,399. Operating money market and CDs totaled $1,086,043. Total Liabilities currently are $312,223 and Total Equity of $9,981,518. There was a net income gain of $45,374 for the month. Front yard cost center expenses were under budget by $857 and Springdale cost center expenses were over budget by $1,349. At the conclusion of the first quarter, the HOA is tracking in a favorable position with a net income of $168,069. This positive income is a result of lower spending on utilities (water-$39K), landscaping ($11K) and administration ($56K). We anticipate these expenses to be on budget in the coming months. Several homeowners have questioned whether HOA fees would be reduced for the period that our facilities were closed due to COVID-19 requirements. Although the facilities were closed to homeowners, the overall operations continued, e.g. admin, landscaping, maintenance, insurance premiums, etc. It is not anticipated that overall operating expenses will be less. However, the Finance Committee will review expenses for this period and compare to actuals from previous time periods. A recommendation will be made to the Board. A total of nine proposals were reviewed at the two meetings. Eight proposals were recommended for Board approval, one was returned for additional cost considerations that would be associated with the project. Five committee members and Board Liaisons, Jerry Monahan and Jolene Cooley, were present via Zoom for the April 28 meeting. Five committee members and Board Liaisons, Jolene Cooley and Kathy Craven, were present for the May 18 meeting. We encourage you to attend our meetings. The next regularly scheduled meeting will be July 28 at 1 pm in the RCN Conference Room or via Zoom depending on the current COVID-19 requirements. Please check the Daily Report. ~ Barry Ginnetti, b2ginnetti@gmail.com Finance Committee Just in case: Check with your committee chair to confirm meeting place, date, and time. Facilities Committee Welcome to summer from the Facilities Committee. It has been a busy spring for the committee with all the major projects getting completed. The roofing project for The Lodge, Spa building, and the RCN building has been wrapped up or should be at this time. The seal coat project has been completed. The shower stalls at The Summit have been completed. Pickleball and Paddle Ball lighting retrofit has been completed and several smaller projects are now on the completed list. We are working on the repair and refurbish of the fountain water feature just outside The Lodge back doors. This should be completed or close to completion at this time. At the Summit's inside pool area, the replacement of the exterior door jams, casings, and weather stripping that have deteriorated from moisture should be near completion. We are getting proposals to refurbish the colored concrete around The Lodge to make it look fresh again. We are in the process of getting proposals for a more permanent fix for the pavers at the Potrero entrance. The Facilities Committee meets via Zoom right now on the second Wednesday of the month at 10 am. We always welcome residents to join us and share their ideas or concerns. ~ Jim Griffin, jjimgriff08@ aol.com