GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 11/15/2018
Account Statements: All bank accounts have been reconciled for October without discrepancy.
2009 Lawsuit through 2016: 20 Lots unpaid (0.99%).
2017 Assessment Status: 1975 Lots (97.97%) paid in full.
2018 Assessment Status: 1929 Lots (95.68%) paid in full.
2017 Assessment Collections: The attorney initially sent out a total of 62 notices. 7 properties are currently on payment plans, 38 properties have paid in full. 17 lots remain in our active legal collection process. Those 17 properties have all received notice of default. The Board has decided to proceed with the foreclosure process on 8 severely delinquent properties.
An overview of SVRA Financials finds the October Gross Profit at 1.3% better than budgeted levels and Total Expense at 96.7% of budget resulting in year-to-date Net ordinary income prior to depreciation at 115.6% of budgeted levels. The YTD cash assets (10/31/2018 Balance Sheet) Total $1,450,382.71. The summary of the financials are, as always, available on the SVRA website.
DCC&R Compliance: This month we have 2 active DCC&R Complaints, both remain in the hands of the SVRA attorney and court system for further action.
Barn/Silo Redevelopment: Since last reported we have spent $135,494.17 on the Barn Redevelopment and Cedar Creek Center.
Ami Pack is the newest full-time year-round employee at SVRA. She continues to learn the ins and outs of her position and has demonstrated an eagerness to learn. Her hard work and great personality are a welcome addition to the front desk and admin office.
Ryan Nielsen continues to excel as not only our accountant but also our resident I.T.
This year Ben Whalen provided countless hours of lessons and clinics. This summer Ben and his staff provided exceptional customer service, increasing the SVRA value and experience.
Kurt Richmond and his staff continue to raise the quality of golf we provide at SVRA, while keeping within budget.
Thanks to the maintenance and pro shop staffs we continue to provide the best golf in Star Valley.
Ernie Bigelow continues to be the employee with the most seniority. With almost 19 years of hard work and dedication, he is invaluable. If there is something that needs fixing, adjusting, or looked at, chances are Ernie knows where to start and how to complete the task under budget and on time.
The high quality, low price of everything we are able to provide to our members is due to our outstanding staff, their hard work, dedication and expertise. If you see a member of our staff let them know how much they are appreciated.
All winter activity information has been incorporated into a brochure. This brochure has become part of the educational dialogue with all winter activity participants and re-emphasized with snowmobile permit purchases.
For the winter of 2018-19 we will continue to groom 18 holes at Cedar Creek for snow shoeing and cross-country skiing. We will also groom Aspen Hills #1 for sledding. Grooming will only be done as weather and staffing allows. There will be no set schedule for grooming.
Snowmobiling of SVRA property will be allowed once we have enough snow and a good base develops. We will announce the opening of the courses to snowmobiles on the marquees, in SVRA emails and on the SVRA Facebook page.
Snowmobiles will be allowed on both courses as always, but will be encouraged to refrain from driving on the groomed trails, with the exception of directly crossing a trail. Snowmobile permits are available at the SVRA office, during normal business hours. Remember to purchase your permits early if you are planning on spending your holiday vacation snowmobiling at SVRA. SVRA will be closed December 21st at noon through January 1st.