Presentation on theme: "1 Annual Meeting 03-Dec-2013 Agenda Welcome Treasurer’s Report Secretary’s Report Road Maintenance Update Election of Board Members New Business –Flood."— Presentation transcript:
1 Annual Meeting 03-Dec-2013 Agenda Welcome Treasurer’s Report Secretary’s Report Road Maintenance Update Election of Board Members New Business –Flood Update Adjourn 1
3 Total Funds Available = $30,860 (05-Nov-2012) -67…down to 66 Ratified Members during 2013 -Other = Fees and Interest -Auction of grader is not included in the 2013 budget -Emergency Fund CD = $4,043
4 After Admin. & Misc. Costs, a total of $24,089 would be available. Dates of April 13 th through June 30 th = 2013 performed work ($18,198). Administrative / Misc. Costs = taxes (St. & Fed.), PO Box, postage, insurance, printing, professional fees, office supplies, tax preparation, etc… Road Maintenance = the rest of the pie.
6 Total Road Work for 2013 = $18,198 Fall Maintenance = Up to $9,500 (includes grader sale)…then it rained a little!
7 Budget Comparisons - Past deficits were made up by 2008 surplus and 2011 CD rollover. - 2013 Year Net Actual Income includes sale of grader ($3,606). - Mother Nature does not like us right now!!! A = Actual & E = Estimate Dry Year Delayed By Flood Expectations of a late- 2013 or early- 2014 recovery!
8 History of LTRA Annual Dues Source: www.usinflationcalculator.com (2014 is estimated)www.usinflationcalculator.com About a 115% increase in annual dues since 1984! About a 115% increase in annual dues since 1984! Currently around 95% of expected inflation…very close! Currently around 95% of expected inflation…very close! No “originally planned” increase for 2014!...then it rained a little. No “originally planned” increase for 2014!...then it rained a little.
9 2013 Summary No hefty repairs in 2013 except for 5K on Sunrise…still not excessive. No heavy storms before September…no expensive repairs. The early dry weather limited regular maintenance within the 2012 LTRA budget. We were on-track for 2013 until the flood delayed fall maintenance. Not finished with all maintenance now…may lead into next April. The higher quality road base continues to be worth the cost. 2010 - 2012 “rebuilds” only needed normal maintenance, as planned. Larger projects are done…until it rained…a lot! Depending upon how the flood damage goes…no planned increase in 2014. A “special assessment” is possible depending upon discussion tonight and FEMA Public Assistance via Larimer County outcome. Any feedback is appreciated!!!