January 2017 Board Minutes

Waterford Lakes HOA Meeting Minutes 19 January 2017

Meeting was called to order.  Board members present were Maggie Jones, Don Ulrey, Caroline King and Jo Grimes.  Present from PSG Management were Larry Edwards and Susan Keene.

Secretarial report:  November meeting minutes were approved as written.

Treasurer’s report for November :                                     December

Income                                           $13,360.97                           $13,311.93

Expenses                                        22,767369                             13,279.39

Monthly Profit Loss                          (9,406.72)                                   32.54

YTD Profit/Loss                                 5,807.99)                                  5,840.53

Checking Acct Bal                           23,439.52                              23,660.13

Roofing Reserve                        $192,000.29                           $192,012.22

YTD – Income $160,413.46, Expenses $154.572.93, P/L $5,840.53

·      Financial:  We ended the year in excellent condition and under budget.  Since we didn’t use all our snow removal budget, we took care of several items.  We replaced a fountain and a driveway and did the Fall fertilization. We also made the deposits to the Roofing fund.

·      Architectural:  New architectural guidelines have been written and copies distributed.  It was a huge job and our thanks for the Committee for a well-crafted document   If you wish to discuss any items at the next HOA meeting, please contact PSG to get on the February agenda.

·      Social:  Caroling was canceled due to the inclement weather.  The storage room in the Clubhouse has been cleaned out and organized.  Thanks to PSG’s crew who helped clear everything out. Two residents have been hospitalized, Gequetta Littrell, and Bill Banks.  Unfortunately, Blanche Cooper has passed away – our deepest sympathy to the Coopers.

·      Old Business: Don Johnson brought up concerns about the geese at the November meeting which was tabled until the January meeting.  In response to his concerns, Maggie presented a wealth of information from the DNR regarding geese control.  We all agreed that nothing was going to stop them.  Hopefully, once the bushes grow in a bit, it will be a deterrent.

·      New Business:  Don Johnson had sent a letter asking that we discuss ways to keep leaves and other debris from getting into the lake.  It was decided to ask the mowers to leave the grass around the lakes a little longer – about 3 inches - rather than cutting so close to the ground. This will also help protect against erosion.

Martha Bosma found a trash can lid last week – if you are missing a trash can lid, please let her know.  She will keep it until next meeting before discarding it.

In April, we will be electing three homeowners to serve on the Board.  If you are interested, please contact PSG to have your name placed on the ballot. This is an excellent way to support your community.

The meeting was adjourned. . Our next meeting will be 16 February at 6:30 PM.