March 19th 2013
GALENA COUNTRY ESTATES
HOMEOWNER’S ANNUAL GENERAL MEETING
March 19, 2013, 7pm
Present were Sam Macias, Don Verhoef, Judy Baatrup, Kate Cardinalli Eddie Lorton, Treasurer, Julie Freemyer. Meeting attended by 4 homeowners.
- Review of the July, 2013 – June, 2014 Preliminary Budget: Review of budget, line for line. There were questions and clarification on a few of the items. Motion made and seconded to Approve the Budget. Motion passed.
- Speeding in our Neighborhood: Speed Humps (Undulations) discussed as option to reduce speed in the neighborhood. The homeowners in attendance agreed something needs to be done and were in favor of “Whatever it Takes”. HOA Board will move forward with list of items needed to obtain County Approval to install Speed Humps.
- Input from HOA members:
- Recommendation from Homeowner on improved landscaping and clean-up on berm along Mt Rose Hwy. HOA Board will follow-up on this recommendation.
- Discussion regarding automobiles that seem to be abandoned in driveways. Per Washoe County law, vehicles must have current registration. If not registered, the vehicle must be behind a 6 ft fence. As long as the law is being followed, HOA Board did not feel they had authority to ask homeowners to remove the vehicles from their driveways.
- Discussion regarding results of STMID and TMWA consolidation. HOA Board does not know current status or outcome.
- Election of two One Year Members: Sam Macias and Robin Orr
- Meeting Adjourned 7:45pm
Note: Next HOA Meeting date is Wednesday, April 24 at 6:30pm
GALENA COUNTRY ESTATES HOA
APPROVED BUDGET July 2013 through June 2014
_________July “13 Jun’14____
Ordinary Income/Expenses
Income
Homeowners Dues _____________$44,640.00____
Total Income _____________$44,640.00____
Gross Profit $44.640.00
Expenses
Bank Service Charge $52.00
Common Areas
Berm Areas
Equipment repairs/Supplies $920.00
Grounds Care $3980.00
Power $1200.00
Water $1500.00
_____________
Total Berm Area $7,600.00
Community Park
Washoe County Maint. Fee $11,000.00
Community Park Misc. $250.00
_______________
Total Community Park $11,250.00
Improvements $6,000.00
___________________
Total Common Areas $24,850.00
Contingency Fund $1,000.00
Holiday Lighting Labor & Prizes $750.00
Insurance Liability Total $3395.00
Licenses and permits $875.00
Miscellaneous $305.00
Office Supplies/Reproduction $600.00
Postage and Delivery $502.00
Professional Fees
Bookkeeping/Secretarial $6,200.00
Misc. Prof. Fees $250.00
Newsletter $200.00
Web Site $1,400.00
Prof, fees-Other $300.00
____________
Total Professional Fees $8,390.00
Reconcilliation Discrepancies $10.00
_____________
Total Expenses $40,729.00
______________
Net Ordinary Income $3911.00
Reserve Account Expense $3911.00
_____________
Total Other Expense $3911.00
____________
Net Other Income -$3911.00
____________
Net Income __________$0..00___