REPORT/ACTIVITY UPDATE 5/18/13
Account Statements: All bank accounts are balanced for the month of April.
2009 Assessment Status: 11 Lots (.5%) have not paid in full (3 foreclosures).
2010 Assessment Status: 17 Lots (.8%) have not paid in full.
2011 Assessment Status: 26 Lots (1.3%) have not paid in full.
2012 Assessment Status: 77 Lots (3.8%) have not paid in full.
2013 Assessment Status: 265 Lots (13.2%) have not paid in full. Accounts with outstanding balances with outstanding balances will be billed again the first week of June. There are currently 9 foreclosures that we are aware of on the Ranch.
Business Activities: For the month of April, the allocation of $9,680.00 (242 lots X $40 for each assessment paid) was transferred from the Operations Checking account into the Restricted Capital account for the Barn/Silo Redevelopment. There was an additional transfer for the 2012 calendar year Assessments amounting to $220.45 (5 lots X $44.09). These transfers bring the account balance to $147,238.55 including accumulated interest.
An overview of SVRA Financials finds the YTD April Gross Profit at slightly better than budgeted levels, Total Expense at 12.3% better than budget, resulting in year-to-date Net Ordinary Income prior to Depreciation at 8.5% better than budget. The audit of 2012 financial records has been completed and the auditor, David DeCoria, will present the audit results at the Annual Meeting.
DCC&R Compliance Report: There is 1 noncompliance issue currently open. There were two member complaints referred to the Compliance Officer, one Friendly Reminder issued and three noncompliance issues resolved since the last report.
Pro Shop: All new merchandise deliveries are in for the 2013 season. Both courses are open and will continue with the Special prices until 5/23 after which the regular summer rates will be in effect until after Labor Day. Pro shop hours are Cedar 8-6 and Aspen 9-5 daily until school is out. David Kurtz has joined our Pro Shop staff as Assistant Pro and in addition to a full week in the pro shop, will also be focused on getting golf clinics started. David will also be responsible for getting a viable junior golf program started again. He will offer private lessons for those interested. Again this year we will offer special orders to custom fit the golfer or if there is anything one might want that is not available in the pro shop! TaylorMade and Callaway Demo clubs are available to test out for those contemplating a purchase.
Golf Course Maintenance: The staff has now charged the irrigation system and addressed all leaks and electrical problems that were evident after winter. They continue with overall course cleanup/maintenance and have been addressing open projects that could not be concluded last fall. The pond at Aspen #8 has been treated to attempt to prevent the moss buildup and is a bluer color as a result. The treatment is safe for fish and people. The fish continue to do very well and some nice large ones have been observed.
Facilities: Ernie has all of the facilities open and is working on refinishing the pool and decking for a Memorial weekend opening.
Duffers’: Duffer’s is open daily, 1:00 weekends and 2:00 weekdays. Again this year we will offer very competitively priced package sales and special