Treasurer's Report
Fiscal Year October 1, 2019 - Present
Treasurer pays the following HOA expenses: Manager's fee including any HOA reimbursable expenses (ACM), water (ASADA), Legal (LEX Counsel), and Property insurance (ASSA).
Table of contents
Fiscal Year End QB Report
P&L 2020
Bank Transfers - P&L2020.pdfPlease note the following:
An additional payment was made to ACM in December, 2019 by the President, reversing an unanimous board decision in August 2019. The board in August, 2019 had determined that the $2700 in receipts submitted by ACM during 2018-2019, were not reimbursable under the terms of the contract in place at the time.
Exhibit A of the contract that was finally signed by ACM just recently states clearly that: C. All tools, equipment, and fuel required by Manager to perform all duties and responsibilities defined in this agreement.
In this past Fiscal Year the manager has submitted receipts and been reimbursed for Fuel: $$696.73; Equipment: $294.12; Equipment Repair: $473.29 for a total of $1464.14. Under the terms of the signed contract these are non-reimbursable expenses.
The point being made here is that the HOA would have finished the year with a Net Income Increase of more than $4000 if ACM had been held to the terms of the contracts for the past two years.
This is the excerpt from the current signed contract alluded to in the information noted above.
Proposed Budget
2019-2020 HOA Final Budget - 2020Proposed.pdfData Studio Report
This is an up to date view of the actual real time expenses that the HOA has for this fiscal year to date, by category. This only includes the budget items for which we pay ACM, the management company. It does not include other expenses such as water (ASADA), Insurance (ASSA), nor Legal (LEX). This data studio report can be used to filter and sort the data that is submitted by the receipt system that the management company uses to help us track our costs in real time. On page two of this report (at the bottom of the report when you mouse over, there is a page control, bottom left) you can see the totals for each vendor, and by category to help you track how your association dollars are spent.
