GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 3/18/2021
Account Statements: All bank accounts have been reconciled for November 2020 through February 2021 without discrepancy.
Assessments:
2009 Lawsuit through 2016: 10 Lots unpaid (0.49%).
2017 Assessment Status: 2000 Lots (99.21%) paid in full.
2018 Assessment Status: 1993 Lots (98.86%) paid in full.
2019 Assessment Status: 1986 Lots (98.51%) paid in full.
2020 Assessment Status: 1957 Lots (97.07%) paid in full.
2021 Assessment Status: 1445 Lots (71.68%) paid in full.
Reminder:
2021 Assessments are $388.25 per lot. Assessments were due 2/28/2021 and considered late if not paid by 3/31/2021. If not paid by 3/31/21, interest on unpaid balance commences retroactive to 3/1/2021.
Business Activities:
An overview of SVRA Financials finds the February Gross Profit 2.4% above budgeted levels and Total Expense 8.7% below budget resulting in year-to-date Net ordinary income prior to depreciation at 107.3% ($40,293.70) better than budgeted levels. The YTD cash assets (2/28/2021 Balance Sheet) Total $1,000,289.52. The summary of the financials are, as always, available on the SVRA website.
Annual Audit: Phil Tippets with DeCoria and company have once again started our annual audit. A review of the annual audit will be presented at the Annual Meeting in June.
Capital Campaign: The capital campaign continues for the Cedar Creek Center. To date we have received $117,989.08. Capital Campaign Funds spent to date total $109,111.88. Funds spent since the November Board meeting total $4,062.14.
DCC&R Compliance: One of our long term violations sold their property this weekend and the new owners have committed to cleaning up their property. We continue to work with our attorney on the one long term violation, we have been in contact with them and developed a plan to get that property into compliance or it will be turned back into the court.
Golf: Ben is back to work. He will be busy getting the pro shop ready for the season, preparing for tournaments, clinics, lessons, ordering merchandise, and gathering tournament sponsors and more!
Golf Course Maintenance has seen some change this spring. Longtime employee and mechanic, Steve Stohr, has moved on to other opportunities and Kile Johnson has eagerly replaced him. Kurt and Kile are working together to fine tune the equipment so that it is up and running by opening day.
Facilities: This spring Ernie is finishing many projects at the new building. He will also spruce up the restrooms on Cedar Creek #13 prior to opening day (weather permitting)
Winter 2020-21: This winter Kurt and Ernie have worked together to move snow, and groom trails and the sledding hill. Grooming is now done for the season. There has been a committee formed to help improve winter recreation on the Ranch. We hope to see some improvements in place before next winter.
Architectural Control: Building permits received and approved since the November meeting include: 1 roof, 1 storage shed, 3 fences (1 pending), 2 new homes (1 pending), 1 garage, and 1 roof/deck extension.
SVRA Staffing Change: Our newest member of the full time year round team at SVRA is Keri Sweet. Keri has joined our staff as the Member Services Coordinator and in just a short time has demonstrated the skills and work ethic we need as we seek to continuously improve our service to our members. Keri has been a resident of Star Valley Ranch since May 2020. She comes to Star Valley Ranch from the Boston area. Feel free to stop in and introduce yourself.
2021 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 the U.S. postal service.