GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 8/16/2018
Account Statements: All bank accounts have been reconciled for July without discrepancy.
2009 Lawsuit through 2016: 21 Lots unpaid (1.04%).
2017 Assessment Status: 1971 Lots (97.77%) paid in full.
2018 Assessment Status: 1875 Lots (93.01%) paid in full.
2017 Assessment Collections:
The attorney initially sent out a total of 62 notices. 6 properties are currently on payment plans, 35 properties have paid in full, and 1 property has filed bankruptcy. 20 lots remain in our active legal collection process. Those 20 properties have all received notice of default.
An overview of SVRA Financials finds the July Gross Profit at 102.2% and Total Expense at 93.6% resulting in year-to-date Net ordinary income prior to depreciation at 116.0% of budgeted levels. The YTD cash assets (7/31/2018 Balance Sheet) Total $1,658,004.62. The summary of the financials are, as always, available on the SVRA website.
This month we have 3 active DCC&R Complaints, one complaint has just been sent the friendly reminder, one complaint has been turned over to the SVRA attorney for further action, and one has gone to court and continues to clean up their property.
There have been zero funds spent since the July Board meeting on the Barn Redevelopment and Cedar Creek Center.
Cedar Creek Swimming Pool open swim times for the remainder of the 2018 season are as follows:
Open: August 16-21 12 pm – 6 pm
Closed: August 22-24
Open: August 25-26 12 pm – 6 pm
Closed: August 27-31
Open: September 1-3 12 pm – 6 pm
Closed for the season beginning September 4th.
We had 326 participants in swimming lessons this year.
We have had a great staff at the pool this year. We have had exceptional water quality at the pool this year thanks to the diligent efforts of the lifeguards and pool attendants. The lifeguards have recorded 10 saves this year.
The Forest Service property located just north of the barn has been cleaned up. The rest of the asphalt, concrete and brush will be cleaned up Monday at the latest as requested by the Forest Service. We remain in contact with the Forest Service about the construction of the new facility and the temporary use of the horseshoe for construction.
Fourth of July:
After all numbers came in for the fourth of July Celebration, the Association ended up with a profit of $724.85. As far back as I can remember, we have not ended up in the black on this fun celebration. Thanks to everyone who continues to support this event.
Whitney has decided to move to Logan and go back to school. Her final day at Star Valley Ranch Association will be August 31st. I would like to thank Whitney for her hard work and dedication over the past year. She has been the friendly face everyone has enjoyed at the front desk. I believe I speak for everyone at SVRA in wishing her lots of luck on her next adventure.
I would also like to take the time to thank the SVRA Board of Directors for their hard work. They VOLUNTEER MANY hours of hard work to try and make this Association one that every member should be proud of.