GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 4/18/19
Account Statements: All bank accounts have been reconciled for March without discrepancy.
2009 Lawsuit through 2016: 24 Lots unpaid (1.19%).
2017 Assessment Status: 1982 Lots (98.31%) paid in full.
2018 Assessment Status: 1957 Lots (97.07%) paid in full.
2019 Assessment Status: 1649 Lots (81.80%) paid in full.
An overview of SVRA Financials finds the March Gross Profit at 100.2% of budgeted levels and Total Expense at 96.5% of budget resulting in year-to-date Net ordinary income prior to depreciation at 102.0% of budgeted levels. The YTD cash assets (3/31/2019 Balance Sheet) Total $1,359,281.12. The summary of the financials are, as always, available on the SVRA website.
The annual transfers as approved in the 2019 budget process were completed this month.
The 2019 Golf Course Maintenance Equipment Replacement Fund transfer totals: $74,058.00; bringing the current balance of that account to: $217,264.62.
The 2019 Major Maintenance Fund transfer totals: $4,279.95; bringing the current balance of that account to: $23,465.20.
David DeCoria and company started the annual audit this month. The audited financials are not expected to be ready by the Annual Report and Annual Meeting mailing. The unaudited balance sheet for 2018 will be included in that mailing. The audited financial statement will be posted on the SVRA website and available at the SVRA office once it is complete.
Barn/Silo Redevelopment: Since the March Board meeting we have spent $295,823.77 on the Cedar Creek Center.
Ben and Kurt have been busy getting ready for the upcoming season. Watch the SVRA emails and marquees for opening dates.
Ernie continues to stay busy. Ernie has been on doing a small remodel on the barn men’s restroom. This will include new paint, some new trim, and wood flooring. He has been repairing the existing large fans and has ordered additional fans into the barn to help with those HOT summer days. He is working on a display unit for the pool to better market pool merchandise. Ernie has also created paths through the snow to create pathways and allow for places to hide Easter eggs.
The snow is melting quickly with the warm weather. A big Thank You to Kurt and Ernie for doing a fabulous job this winter keeping our trails groomed, ice rink cleared, and removing the snow, keeping our walkways, driveways and parking lots safe!!