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Cobblestone HOA Treasurers Report Steve Wilusz – Treasurer 4/14/2007

Cobblestone HOA Treasurers Report Steve Wilusz – Treasurer 4/14/2007. Cobblestone HOA 2006/2007 Balances. 2007 Balance $16,582.18 ( as of 4/11/2007) $12,905.68 Spending Account $3,676.50 Reserve $1,636.00 - 2006 Deposit

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Cobblestone HOA Treasurers Report Steve Wilusz – Treasurer 4/14/2007

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  1. Cobblestone HOATreasurers ReportSteve Wilusz – Treasurer4/14/2007

  2. Cobblestone HOA2006/2007 Balances 2007 Balance $16,582.18 (as of 4/11/2007) • $12,905.68 Spending Account • $3,676.50 Reserve • $1,636.00 - 2006 Deposit • $2,040.50 - 2007 Deposit10% of 2007 Annual Dues ($385 x 53 homes = $20,405.00 x 10% = $2,040.50) 2006 Rollover - $10,584.82 • $8,948.82 Spending Account • $1,636.00 Reserve - Capital Improvement

  3. Cobblestone HOA2007 Dues • 2007 Dues - $385.00 • First increase since 2002 – only $35 per home • $1,855 income increase • 2006 $350 x 53 homes = $18,550 • 2007 $385 x 53 homes = $20,405 • 30 of 53 (57%) homes paid by 4/1 • 15 left (28%) as of 4/11 • Interest and late fines will be applied May 1st

  4. Cobblestone HOA2007 Budget

  5. Cobblestone HOAMandatory v.s. Discretionary Expenses

  6. Cobblestone HOAIncome/Expensesas of 4/11/2007

  7. Cobblestone HOAEOY Balance Rollovers

  8. Financial Challenges over the years • 2004 – $3k • $2,923 Paid back taxes 1996-2003 Pool Property – All finance charges and fines reduced • 2005 – $4k • $8,000 Pool Fence • Got a interest free $4,000 loan from 2 homeowners • 2006 - $5k • $4,000 paid off pool fence loan • $906 1998-2004 back taxes on retention pond

  9. Cobblestone HOA Questions??

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