GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 7/20/2021
Account Statements: All bank accounts have been reconciled for May & June 2021 without discrepancy.
Assessments:
2009 Lawsuit through 2016: 7 Lots unpaid (0.35%).
2017 Assessment Status: 2005 Lots (99.45%) paid in full.
2018 Assessment Status: 2000 Lots (99.20%) paid in full.
2019 Assessment Status: 1995 Lots (98.96%) paid in full.
2020 Assessment Status: 1972 Lots (97.82%) paid in full.
2021 Assessment Status: 1885 Lots (93.50%) paid in full.
Business Activities:
An overview of SVRA Financials finds the June Gross Profit 10.1% above budgeted levels and Total Expense 4.8% below budget resulting in year-to-date Net ordinary income prior to depreciation at 138.9% ($148,348.98) better than budgeted levels. The YTD cash assets (6/30/2021 Balance Sheet) Total $1,161,064.45. 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 $122,989.08. Capital Campaign Funds spent to date total $109,530.61. There have been no funds spent since the May Board meeting.
DCC&R Compliance: We continue to work with 3 lots to get them in compliance. Our attorney will be sending notice out to one lot that refuses to clean up their property.
Golf: Covered in Golf report
H&E: Covered in House & Entertainment report.
4th of July: Covered in House & Entertainment report.
Thank you:
I would like to again thank all of those that make the events at Star Valley Ranch Association possible. This year to date we have had approximately 150 members and non-members come out and help make all of the events that we all enjoy possible. A special thanks to the SVRA staff including, Sierra Principe, Ernie & Heather Bigelow (and their family), Kurt & Chloe Richmond, Ben Whalen, and all of their individual staff, for jumping in and offering to help and volunteer their time. We have an amazing group of people working for SVRA.