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Board Members: Lauren Dame, Mya Johns, Hal Dillon, Clyde Horn, Jesse Fittipaldi
BMC Personnel: Diane Sollinger, Tom Weaverling
Owners: Bill & Barb Bomball, Linda Seymour, Jean Kern
Moved Clyde, 2nd Mya, Unanimous approval
Moved by Lauren, 2nd Hal with changes noted - Unanimous approval
Beginning Cash Balance [10/01/2020] $26,173.76
Plus Cash Received $55,162.22
Minus Checks Written ($66,560.06)
Ending Cash Balance [10/31/2020] $14,775.92
Total Income $34,532.40
Total Expense $47,009.81
Total Income $342,212.69
Total Expense $341,039.32
Beginning Value [10/01/2020] $174,549.00
Change in Value $1.56
Ending Value [10/31/2020] $192,150.56
The CPA conducting the financial review of WT records noted that, in 2019, $51,000 in Operating Funds were transferred to Reserves, in addition to the regular monthly reserve transfers.
The Board moved to approve that transfer of funds to Reserves, and officially leave the balance in question in the reserves.
Moved to approve: Lauren, 2nd Clyde, Motion passed unanimously.
1st plumbing bid [of 3] received today. Awaiting others.
Lighting project to complete the perimeter illumination has been completed. The replacement lighting for the lower level of the parking garage should be completed in 2 weeks.
The only other lighting upgrades scheduled will be in the stair wells as the existing fixtures wear out.
Fire bell/klaxon replacements for each floor are still in the testing stage.
Actiongrams have all been cleared.
Linda Seymour had a question about egress from the lower parking area that doesn’t require using the steps. There is a security key box activator for the incoming ramp gate.
Disabled residents have been supplied with keys.
Tom will get two additional keys for short-term distribution.
Budget as proposed has been sent to all owners. The increases in costs due to inflation require an increase in HOA of 2.5% which works out to between $5-$11 per unit per month increases.
ON-LINE Meeting: Tuesday, December 22nd at 5:00 PM via ZOOM.