GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 11/16/2017
Account Statements: All bank accounts have been reconciled for October without discrepancy.
2009 Lawsuit through 2016: 50 Lots unpaid (2.48%).
2017 Assessment Status: 1920 Lots (95.24%) paid in full.
Assessment collections with our attorney began in September. The attorney sent out a total of 62 notices. Since his letter 4 properties have started payment plans, 11 properties have paid in full, and 1 property has filed bankruptcy. We have now placed legal complaints on each of the 46 remaining properties.
New for 2018: We will be providing a method for online assessment payments. Watch the SVRA email, Facebook and Annual Newsletter for more information.
Business Activities: The monthly transfers for the allocations of Annual Assessments transferred from the Operations Checking account in October are:
- There were no transfers in October for the Barn/Silo Redevelopment into the Restricted Account.
The account balance as of 10/31/2017 is $143,652.91 which includes accumulated interest, minus any approved expenses.
- The monthly transfers for the Major Maintenance Reserve Account in September are:
2015 – $21.88 (1 lot X $21.88 for each assessment paid)
2016 – $88.48 (7 lots x $12.64 for each assessment paid)
2017 – $65.79 (17 Lots x $3.87 for each assessment paid) Total = $176.15
The account balance as of 10/31/2017 is $14,561.85 which includes accumulated interest minus any approved expenses.
An overview of SVRA Financials finds the October Gross Profit slightly above budgeted levels (1.4%) and Total Expense slightly above budgeted levels (1.9%) resulting in year-to-date Net ordinary income prior to depreciation at 99.9% of budgeted levels. The YTD cash assets (10/31/2017 Balance Sheet) Total $1,557,886.19. The summary of the financials are, as always, available on the SVRA website.
This month we are down to 1 active DCC&R Complaints. This complaint has been filed with the court. Our next step will be asking the court for a default judgment on them.
This year we budgeted funds to renovate the swimming pool deck. Due to a scheduling conflict with the pool professionals that need to come in and replace the coping around the pool, we need to move the funds from the 2017 allocated funds to 2018. We are now on their books to complete this project, spring 2018.
- I move to transfer funds allocated in 2017, for the renovation of the swimming pool deck, to 2018. Total amount to be transferred $14,895.
Whitney Hamp is the newest full-time year-round employee at SVRA. She continues to learn the ins and outs of her position and SVRA and has demonstrated an eagerness to learn. Her welcoming, happy personality is a welcome addition to the front desk and admin office.
Ryan Nielsen continues to adapt to SVRA policy and procedures. He has done a great job as not only our accountant but also our resident I.T.
This year Ben Whalen provided countless hours of lessons and clinics. Ben and his staff have 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 18 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.
The Town of Star Valley Ranch Planning & Zoning has postponed their decision to rezone the park properties to February 7, 2018.
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 2017-18 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 22nd at noon until January 1st.