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2011 IVEY FALLS HOA ANNUAL MEETING October 15, 2011.

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Presentation on theme: "2011 IVEY FALLS HOA ANNUAL MEETING October 15, 2011."— Presentation transcript:

1 2011 IVEY FALLS HOA ANNUAL MEETING October 15, 2011

2 Agenda 1. Welcome Annual Summary Plan a)Property Values Focus b)Quality of Life Focus 4. Financial Summary a)2011 Year-To-Date and Q4 forecast b)2012 Financial Plan/Budget 5. Elect Five New Board Members

3 IFHOA BOD Two Year Review Material Condition of Amenities significantly enhanced. Material Condition of Amenities significantly enhanced. Drainage and safety issues resolved in amenity area Drainage and safety issues resolved in amenity area Website rebuilt Website rebuilt IFBOD Communications Enhanced IFBOD Communications Enhanced HOA organization improved HOA organization improved Three Year Planning Program implemented Three Year Planning Program implemented Solid stewardship of HOA finances Solid stewardship of HOA finances

4 2011 Annual Summary New Mailbox Program New Mailbox Program New Street Signs Program New Street Signs Program Front Entrance Repairs Front Entrance Repairs

5 2012 Annual Plan Property Values Focus Property Values Focus Neighborhood entrance enhancement ($4.5k) Neighborhood entrance enhancement ($4.5k) Re-surface Tennis Courts ($4.5k) Re-surface Tennis Courts ($4.5k) Pool Maintenance ($2k) Pool Maintenance ($2k) Tile repair, salt cell replacement, gate repair, sidewalk repair Tile repair, salt cell replacement, gate repair, sidewalk repair Pool furniture replacement program ($500) Pool furniture replacement program ($500) $500 per year for three years $500 per year for three years NE Retention Pond issue (TBD) NE Retention Pond issue (TBD) Work with County to address Work with County to address

6 2012 Annual Plan Quality of Life Focus Quality of Life Focus Issue IFHOA 3 Year Plan Issue IFHOA 3 Year Plan Proposal related to garbage services Proposal related to garbage services

7 2013 Annual Plan Nature Trail Improvement Program ($7k) Nature Trail Improvement Program ($7k) Create access from south end of neighborhood Create access from south end of neighborhood Clear north end for picnic area Clear north end for picnic area Raise canopy along trail Raise canopy along trail Mulch path Mulch path Evaluate feasibility of creating a playing field Evaluate feasibility of creating a playing field Swing Set Replacement ($2.5k) Swing Set Replacement ($2.5k) Pool Furniture Replacement program ($500) Pool Furniture Replacement program ($500)

8 2014 Annual Plan Pool Deck Resurfacing ($2k) Pool Deck Resurfacing ($2k) Pool Cover Replacement ($2k) Pool Cover Replacement ($2k) Nature Area Enhancement ($3k) Nature Area Enhancement ($3k) Pool Furniture Replacement program ($500) Pool Furniture Replacement program ($500)

9 Unscheduled Project List Pool Deck Expansion ($10-15k) Pool Deck Expansion ($10-15k) Timber Wall Replacement ($18-20k) Timber Wall Replacement ($18-20k) Tennis Court Lighting ($20k) Tennis Court Lighting ($20k)

10 IFHOA Cash Flow Membership agreed to set minimum reserve funds level to $12,500. Membership agreed to set minimum reserve funds level to $12,500. Expected EOY Cash on Hand Expected EOY Cash on Hand $12,500 $12,500

11 Financial Summary Balance Sheet Balance Sheet Budget Review Budget Review Cash Flow Statement Cash Flow Statement 2012 Budget 2012 Budget Budget Budget

12 IF HOA Balance Sheet

13 2011 Budget Actuals/Forecast

14 Cash Flow/Income Statement

15 2012 Budget

16 2011 BOD Election Current Board Current Board All Five members up for election All Five members up for election All five BOD Positions Open All five BOD Positions Open Announced Candidates Announced Candidates John Baskam John Baskam John LaVelle John LaVelle


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