GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 4/21/2022
Account Statements: All bank accounts have been reconciled for March 2022 without discrepancy.
2009 Lawsuit through 2016: 2011 Lots (99.75%) paid in full.
2017 Assessment Status: 2007 Lots (99.55%) paid in full.
2018 Assessment Status: 2005 Lots (99.45%) paid in full.
2019 Assessment Status: 2003 Lots (99.36%) paid in full.
2020 Assessment Status: 1993 Lots (98.86%) paid in full.
2021 Assessment Status: 1980 Lots (98.21%) paid in full.
2022 Assessment Status: 1937 Lots (86.16%) paid in full.
Business Activities: An overview of SVRA Financials finds the March YTD Gross Profit 2.6% above budgeted levels and Total Expense 8.7% below budget resulting in year-to-date Net ordinary income prior to depreciation at 10.9% ($53,710.66) better than budgeted levels. The YTD cash assets (3/31/2022 Balance Sheet) Total $1,304,274.76. The summary of the financials are, as always, available on the SVRA website.
Capital Campaign: The capital campaign continues for the Cedar Creek Center. To date we have received $136,409.08. Capital Campaign Funds spent to date total $113,845.05; leaving a balance of $22,564.03. No funds have been spent since the March Board meeting.
DCC&R Compliance: We continue to work with our attorney on the one long term violation.
2022 Board of Director Election: Just a reminder that packets, for those interested in running for the Board, are now available at the SVRA office. If you are unable to come to the office to pick up a packet, please call the office and we will get one sent to you via email or United State Postal Service. Candidate petitions, bio and picture are due by 4:00 p.m. on April 26th.
Swimming Lessons: Barb Klein will again be providing swimming lessons this summer at Cedar Creek Pool. Barb rents the pool from us and provides lessons during her rental time. It is not Star Valley Ranch Association providing lessons. Swimming Lessons sign-ups will be online starting at 6 p.m. on May 11th. We will put the link on our Facebook page and in our email starting tomorrow. People that sign up before 6 p.m. on May 11th will be dropped. Barb is providing “a ton of spots to get EVERYONE in”. If you have issues getting signed up, you can contact Barb directly.
Membership Cards: In looking at our records we did not have a current membership card policy. We have updated the most current policy to read:
The issuance of all cards will be based on the written desires of the recorded owners (in our latest records) of each primary lot/home and any additional lots/homes they own.
For each lot/home there will be issued two (2) primary cards only. These can be any combination of two (2) people desired by the recorded owners. Plus, for each lot/home there will be issued, if desired, additional lineal family cards for the lineal family of grandchildren, children, parents, grandparents and spouses of the primary card holders’ families.
All cards (“primary” and “lineal family”) shall be required to have a photo of the card holder placed on it. Cards without a photo will not be accepted.
Unless the cardholder is the owner of the lot/home, the card gives membership rights for use of facilities only, but does not necessarily make the cardholder a “member” for voting or participation purposes. Every card holder will be eligible for member rates, unless the current fee schedule specifies a guest rate. If a guest rate is applicable, primary card holders shall receive a member rate, while lineal family card holders will receive a guest rate.
Lineal family cards will not be eligible for a discount at The Grill, Three Canyons Restaurant, or Duffer’s lounge.
Each initial card shall be $1. Each time a new card is required a charge of $1 shall be assessed. Once the annual assessment has been paid in full an assessment paid stickers shall be provided upon request at no charge each year thereafter.