GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 9/16/2021
Account Statements: All bank accounts have been reconciled for August 2021 without discrepancy.
Assessments:
2009 Lawsuit through 2016: 6 Lots unpaid (0.30%).
2017 Assessment Status: 2006 Lots (99.50%) paid in full.
2018 Assessment Status: 2002 Lots (99.31%) paid in full.
2019 Assessment Status: 1996 Lots (99.01%) paid in full.
2020 Assessment Status: 1997 Lots (99.06%) paid in full.
2021 Assessment Status: 1924 Lots (95.44%) paid in full.
Business Activities:
An overview of SVRA Financials finds the August Gross Profit 18.0% above budgeted levels and Total Expense 1.7% below budget resulting in year-to-date Net ordinary income prior to depreciation at 167.1% ($258,224.51) better than budgeted levels. Comparing the August 2021 YTD net ordinary income vs the 2020 August YTD we are currently 16.4% ($90,449.27) ahead of last year’s record numbers. The YTD cash assets (8/31/2021 Balance Sheet) Total $1,257,417.01. The summary of the financials are, as always, available on the SVRA website.
Budget: The 2022 budget is in progress. A draft copy will be sent to the Board for their review & input on or before October 15. The budget will be presented at the Board meeting in November for final Board approval.
Capital Campaign: The capital campaign continues for the Cedar Creek Center. To date we have received $135,059.08. Capital Campaign Funds spent to date total $113,845.05. Since the August Board meeting we have purchased a new ice machine with the Capital Campaign funds.
DCC&R Compliance: We continue to work with 1 lot to get them in compliance. Our attorney has sent out a notice to one lot that continues to be in violation. I have been in contact with that property owner and we are working together to come up with a plan to get his property into compliance.
H&E: Since the last Board meeting we held a pulled pork potluck with DJ on August 21st. The weather kept some people at home, but those attending had a great time. The Annual Chili cook off scheduled for September 11th was cancelled due to lack of participation. We only had 3 people offer to cook chili which doesn’t make for much of a cook off. We look forward to trying the chili cook off again next year. The Halloween Trunk or Treat and Haunted Barn are back this year. We are already planning and getting everything ready for the best Halloween at SVRA yet!
Swimming Pool: The pool is closed for the season.