TREASURER’S REPORT

Sept. 8, 2001

 

 

Bills: The Finance Committee met on Sept. 1 and compared the bills on file with the “unpaid bills summary.”  Notable bills for this month include necessary electrical work on the water system done by Holland Pump and the second half payment for our DNR lease.  The committee recommends that the bills be paid.

 

2000-2001 Budget: As we enter the last month in our fiscal years, staff and members are reminded that requests for reimbursement for any expenses incurred during the year must be submitted in a timely fashion (by Oct 13).

 

 2001-2002 Budget: The new budget approved by the membership will be effective Oct. 1, 2001.

 

Annual Audit: Our accountants, Doug Collier & Associates are preparing to conduct our year end financial audit. This work will continue over the next few months and be followed by a complete report to the membership.

 

Property Sales:  

• Last month the Island Manager relayed a request by owners of the Balarbar property to accept a one thousand dollar payment followed by a payment plan to halt a scheduled sale for delinquent assessments.  No additional information about a payment plan has been forthcoming, therefore sale of the property is recommended.
• At the annual meeting, it was suggested that the sale of the Guarisco property be delayed to see if potentially the property could be combined with the adjacent delinquent property to increase the size of the parcel.  Efforts to contact owners of the second property have proved futile.  It is recommended that we proceed with the sale of this property.

 

Senior /Disabled Discount Pass Pilot:  A total of 75 passes have been sold for the six month pilot (Mar-Aug.). The estimated financial impact year to date is $1,635.

 

Beachcomber Advertising: To partially compensate for increases in supplies and mailing costs an increase from $5 to $10 per quarter page ad for commercial advertising is recommended to coincide with the start of the new fiscal year.  Rates for other types of ads would remain the same.

 

Expenses Related to Returned Mail: The Finance Committee recommends that HMC expenses related to change of address for returned mail be charged to the HMC member.  A notice about this new policy will be placed in the upcoming Beachcomber.