Persimmon Creek Annual Meeting August 26, 2014 .
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Persimmon Creek Annual Meeting August 26, 2014 www.PersimmonCreekHOA.com
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Transcript of Persimmon Creek Annual Meeting August 26, 2014 .
Persimmon Creek
Annual Meeting
August 26, 2014
www.PersimmonCreekHOA.com
Volunteer Board Members
Term Expires
Andrew Yonce President & CEO August 2015
Marlin McCoy Vice President August 2014
John Stocker Treasurer August 2014
Pete Dickinson Secretary August 2014
Jessica Stauffer Member at large August 2014
Derek Minker Member at large August 2014
Derek Edwards Member at large August 2015
Dan Hall Member at large August 2015
Board of Directors Standing for
ElectionTerm Expires
Marlin McCoy Vice President August 2014
John Stocker Treasurer August 2014
Pete Dickinson Secretary August 2014
Jessica Stauffer Member at large August 2014
Derek Minker Member at large August 2014
Board Achievements 2013-2014
Maintained a Balanced Budget Continued to Aggressively pursue Delinquent
Accounts Established a Reserve Account for Reserve
Expenditures Maintained Community Common Areas Monitored and Partnered with Blenheim Builder Saved $1200.00 on Annual Insurance Premium Enhanced post snowstorm clean up services
2013 -2014 Year in Review
Continued Strong Financial Position Delinquencies are down again 5th year running
Section 5 of Persimmon Creek is almost completed by Blenheim
Landscaping in Section 5 of Persimmon Creek
completed by Blenheim
2014 -2015 Focus
Enhance community common areas ◦ Playground mulch refresh◦ Partner with county to repaint curbs
◦ Partner with county to mark fire hydrants
Publish master color palletHomeowner property community rule
enforcement (to increase home values)
4th dog station installation on Persimmon WayTransfer of Phase 5 common area to HOA from
Builder
FY 2013-2014 Financial Report
Current Cash Position
Ending Balance (7/31) $ 63,772.38
Back Dues owed to the community was $7378.30
Fiscal Year 2014-2015 Dues
No Increase in dues. They will remain the same at $239 for Fiscal Year 2014-2015
Things to keep in mind:
• Dues notices will be mailed Sept 1st
• Dues are due Sept 30th
• All reasonable payment plans accepted, Contact Aspen
• Failure to pay will result in account being sent to collections
FY2014 - 2015 Budget
Dues for 2014-2015 will be $239 per home 2014/15 Budget
Income
06310 - Association Fees $ 46,844
Expense
07010 - Management Fees
12,160 07020 - Accounting & Audit Fees
400
07160 - Legal Fees 500
07280 – Insurance
1344.00
07300 – Website 250
07320 - Office Expense 2,000
07410 – Community Expense 150
07990 - Bad Debt Expense 5,000
08910 – Electricity 5,000
09020 - Grounds Maintenance 9,300
09110 - Repair and Maintenance
500 09140 – Janitorial 3,200
End of Expense $ 39804
09910 - Reserves - Saving Contribution $ 7040
Welcome Lorraine BradyAspen Property Manager
General Email: [email protected]
Lorraine Brady, Property ManagerEmail: [email protected]
Brad Carrillo, President/Property Manager Email: [email protected]
Website: http://www.aspenpropertymgmt.com
200 East Main StreetElkton, MD 21921 Phone: (410) 620-2598Fax: (443)303-8890
Aspen Management Report
Aspen Visits the Community Every Other Week
Typical Enforcement Procedure◦ Initial warning◦ Second Warning◦ Final Warning◦ Advise the Board to make a determination to send to
legal for enforcement or attempt to resolve with an alternative method.
Aspen Focus for 2014-2015
Manage 2014-2015 HOA Billing / Processing Collect on Past Due Accounts Manage Finances to the Board’s Budget Focused Enforcement of the following:
◦ Exterior Home Maintenance (i.e. missing shutters, missing shingles, etc.)
◦ Homeowner Landscaping Maintenance (i.e. over grown lawns, bushes, etc.)
◦ Use current HOA fine structure when there is non-compliance with HOA standards put in place to keep the community nice
◦ Manage transition of new Blenheim Homes joining our community
◦ Parking
Other Tasks as Assigned
Questions
Please feel free to speak with Lorraine Brady, Aspen
Property Manager or a Volunteer Board Member
with any additional Questions?
