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24 FOUR SEASONS BREEZE | NOVEMBER 2020 Check with your committee chair to confirm meeting place, date, and time. At our September meeting, the financial statement for August was reviewed and recommended for BOD approval. Highlights of the August financial report follows. Total Assets are $10,366,217 including checking $504,871 and reserve assets of $8,029,151. Operating money market and CDs totaled $1,711,456. Total Liabilities currently are $7,772,236 and Total Equity of $2,593,982. These two figures look greatly changed from previous reports due to new accounting classifications that require reserve funding to be considered a liability until it is spent. There was a net income loss for the month of $56,648. Year to date (YTD) net income reflects a gain of $162,106. Front yard cost center expenses were over budget by $5,908 but are under budget $4,172 YTD and Springdale cost center expenses were over budget by $334 and over budget $4,338 YTD. Expenses tracked higher this month as federal and state taxes were paid. We anticipate expenses remaining 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 preliminary analysis indicated a cost savings of approximately $85,000 through August. A report and recommendation will be presented to the BOD when review is completed. The Committee was presented a preliminary 2021 budget for the Springdales, Front Yard and Master HOA. We are awaiting final cost associated with landscape contract, reserve allocation, and 2020 tax estimates. The 2021 budget will be presented to the BOD at the November meeting. A total of five proposals were reviewed at the meeting. All proposals were recommended for board approval. The Bocce turf proposal that was tabled last month was returned for alternate turf surface considerations. Additionally, the Committee reviewed a request to keep the Courts pool open through November. The recommendation to the BOD was to keep both the Courts and Lodge pool open through November utilizing COVID-19 savings to cover the additional heating costs for both pools. Six committee persons and Board Liaisons, Kathy Craven and Joe Barletta, were present live or via Zoom for the meeting. We encourage you to attend our meetings which are held on the last Tuesday of the month. The next meeting is Nov. 24 at 1 pm in The Lodge Ballroom or via Zoom, depending on the current COVID-19 requirements. Please check the Daily Report. ~ Barry Ginnetti, b2ginnetti@gmail.com Finance Committee Facilities Committee At our September meeting, there was homeowner input about the reliability of the handicap pool entry assist. The committee, through staff, will try to ensure that the lift batteries are charged and ready for use. The fountain project is complete with a new, larger pump installed for increased pressure. The paver project next to the Potrero Guard House was also completed. There was much discussion about the concrete staining project. New colors will be tested along with cleanup of overspray. Approval was granted to the Pickleball Club requesting the installation of fencing between the courts. The club is paying for the fencing and installation. The Facilities Committee meets the second Wednesday of the month at 10 am. We always welcome residents to join us. ~ Gino Domico, gdomic@gmail.com

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