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20 FOUR SEASONS BREEZE | JANUARY 2016 Bistro Committee Architectural review Committee Happy New Year! Welcome to our new neighbors. Please review the Community Guidelines if you are planning any work in your yard or on the exterior of your house, and submit your forms and plans to the committee for approval. We currently have an opening on the committee. If you are interested, come to our next meeting. The Architectural Review Committee meets the first and third Wednesday of the month at 9 am in the Lodge Conference Room. All residents are invited to attend the meetings. ~ Carl Buschmann At our November meeting, we discussed the kitchen repairs. A fiberglass door to replace the defective back kitchen door has been installed. However, it has a gap and new weather stripping will be installed. The cold storage unit in the Bistro dining area is noisy. It was discussed and the replacement of it was suggested. We will look into this. We did not meet in December. We meet on the fourth Tuesday of each month at 11 am, in the Lodge Conference Room. All homeowners are invited to attend. ~ Bill Taylor The Finance Committee held its regular meeting in November. The re-stated September 2015 Financial Statements were reviewed and approved. The Financial Statements for October 2015 were reviewed and reflected the following significant items: Net Income Year-to-Date was a loss of $81,207 and total reserves were $5,142,012. The Accounts Receivable (delinquencies) were $41,070. Our total HOA expenses for October (excluding reserve allocations) were $292,808. This was over budget by $8,866. The Front Yard Cost Center expenses for October were under the monthly budget by $5,559. The Springdale Cost Center Expenses for October were under the monthly budget by $111. No action by the Finance Committee was required regarding investments. FirstService Accounting will take action to move $100,000 of the $400,000 balance from Comerica to Morgan Stanley; the remaining $300,000 balance will go into CDs. There were seven vendor proposals presented and recommendations forwarded to the board. A report on the Accounts Receivable was given by Wayne Staples indicating that one large account completed foreclosure processing and a second that was scheduled to complete on Nov. 2 was postponed. Four accounts on payment plans are not fully performing. However, the total number of delinquent accounts remains less than a half percent of the total homes in the community. With no further business to discuss the meeting was adjourned. Our next meeting is Jan. 26, at 1 pm in the Lodge Conference Room. ~ Noel Myers Finance Committee

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