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FOUR SEASONS BREEZE | AUGUST 2021 33 Facilities Committee The Facilities Committee met for its regularly scheduled meeting in The Lodge Library. Lila Bonner was voted in as a member and Co-Chair. Gino Domico was voted as the new Chair. These appointments are pending BOD approval. Nanette Scott and Kirk Freyermuth attended the meeting to discuss vinyl fencing to be placed at the intersection of Trail C and E in order to save newly planted landscaping. Staff is in the process of receiving bids for this project. There was also concern expressed about more coordination between the committees when projects overlap. During homeowner input, Johanna Ballard expressed concerns about the pool lift at The Lodge. There are several ongoing unfinished business projects including the Shuffleboard project, Kiosk Maps, Trail Signs, and Veterans' Park lettering. There were two proposals for the re-slinging of the outdoor furniture at The Summit. We voted to accept the bid from CFR Patio. The Springdale painting project along with several other painting projects throughout the complex is still ongoing. Two bids have been received and we are awaiting one more. The Facilities Committee meets on the second Wednesday of the month at 10 am. ~ Gino Domico, Gdomico@gmail.com Finance Committee Since the collapse of the 12-story condominium building in Florida, have you wondered about the physical and financial health of our HOA? Are you willing to find out more? If so, please consider becoming more involved with the operations of your community property. Attend meetings held by the Board and its committees. Join a committee. Run for office. Learn about the inner workings of this HOA. Each of us personally and all of us owners jointly hold all the responsibility to ensure this HOA is well maintained and adequately funded. The buck starts and stops with each of us. You are encouraged to attend the Finance Committee's regularly scheduled monthly meetings held on the last Tuesday of each month. Our next meeting will be on Tuesday, Aug. 31 at 1 pm. Please check the Daily Report for meeting location. During the Finance Committee's regular monthly meeting held on June 29, the financial statement for May 2021 was reviewed and recommended for Board approval. Highlights of the May financial statement are: Total Cash is $10,766,410 including operating cash of $2,235,577 (checking, CDs, petty cash) and reserve assets of $8,530,833. Our HOA General Reserve is 102.50 percent funded as of the November 2020 Reserve Study. There was a net income gain for the month of $106,075. Front Yard Cost Center expenses were under budget by $4,970 primarily from savings in landscape budgeted items. Springdale Cost Center expenses were under budget by $1,246 due to savings in budgeted insurance costs. The Committee evaluated our current cash position and investment portfolio of CDs, Money Market accounts, and Treasury Bills and recommended investments proposed by our FirstService Investment Advisor. Fifteen proposals were reviewed with 14 being recommended for Board approval as written and one referred to staff for additional research. One proposal was a Capitalization policy recommended for Board consideration. The 2022 budget season began in July. Finance Committee members Boyd Barlett and Jolene Cooley met with our committees to discuss their potential 2022 Budget needs. If you have a 2022 Budget suggestion, please work through the applicable committee or check with FirstService Residential management staff. The Finance Committee does not accept budget recommendations directly from homeowners. We have a full membership roster of nine members consisting of seven owner-resident members - Claudia Rozzi - Chair, Jolene Cooley - Vice Chair, Boyd Barlett - Budget, Peter Shuttleworth – Investments, Howard Ochi - Reserves, David Sweet - Contracts, Michael MacQueen – Secretary and two Board of Directors Liaisons – Kathy Craven and Barry Ginnetti. ~ Claudia Rozzi, cc2682@outlook.com

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