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20 FOUR SEASONS BREEZE | AUGUST 2020 Just in case: Check with your committee chair to confirm meeting place, date, and time. The Finance Committee held its regular monthly meeting on June 30. The financial statement for May was reviewed and recommended for BOD approval. Highlights of the May financial report follows. Total Assets are $10,394,543 including checking $605,269 and reserve assets of $8,002,906. Operating money market and CDs totaled $1,702,440. Total Liabilities currently are $305,542 and Total Equity of $10,089,001. There was a net income gain for the month of $49,687. Front yard cost center expenses were under budget by $1,462 and Springdale cost center expenses were under budget by $150. Expenses continue to be tracking under budget in the areas of water, landscaping, and administration. We anticipate these expenses to be on budget in the coming months. A finance subcommittee is reviewing operational expenses during the quarantine period to determine if any potential cost savings were gained. A report and recommendation will be presented to the BOD in September for their review and action. A total of three proposals were reviewed at the meeting. All three proposals were recommended for board approval. Five committee persons and Board liaisons, Kathy Craven and Joe Barletta, were present via Zoom for the meeting. We encourage you to attend our meetings. The next regularly scheduled meeting will be Aug. 25, 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 Facilities Committee We are working on the repair and refurbishing of the fountain water feature outside The Lodge's back doors. This should be completed or close to completion by the time you read this. The replacement of the door jambs, casings, and weather stripping on the exterior doors from the inside pool area to the exterior that have deteriorated from moisture at The Summit should be completed. We are still in the process of getting proposals for a more permanent fix for the pavers at the Potrero entrance. If it seems like it's taking a long time to get bids on some projects, it does — because of COVID-19. 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

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