(pictured left to right): Michell Johnson, Tim Wilp, Gregory Smith, Ron Lubinsky, Chairman Dave Speirs, Bill Mavity and Paul Rossman Not Pictured: Barry Katz

As reported by Carrie Romero, Controller

November 2005 Committee Meeting
The Finance Committee met on November 16, 2005 to discuss financial matters concerning the Association.  Upon some discussion, the Committee read and approved the October 2005 Financial Statements.
   The Committee approved a recommendation from staff to replace the light poles at the Community Center and North Lake Gazebo with funding from reserves.

September 2005 Committee Meeting
The Finance Committee met on September 21, 2005 to discuss financial matters concerning the Association. Upon some discussion, the Committee read and approved the August 2005 Financial Statements.

August 2005 Committee Meeting
The Finance Committee met on August 17, 2005 to discuss financial matters concerning the Association. The Committee reviewed the 2006 Proposed Budget and Reserve Study. The Committee discussed all of the projected increases in 2006, and agreed with the Staff recommendation that the Association’s operating surplus will be sufficient to sustain the monthly assessment at $66 per unit. The Committee approved a recommendation to the Board of Directors to approve the 2006 Proposed Budget with monthly dues remaining at $66 per unit.
   Upon some discussion, the Committee also read and approved the July 2005 Financial Statements. The Committee also approved a recommendation from staff to replace three pool heaters with funding from reserves.

July 2005 Committee Meeting
The Finance Committee met on July 20, 2005 to discuss financial matters concerning the Association. Upon some discussion, the Committee read the June 2005 Financial Statements. No action was taken at the meeting due to lack of quorum.

June 2005 Committee Meeting
The Finance Committee met on June 15, 2005 to discuss financial matters concerning the Association. Upon some discussion, the Committee read and approved the May 2005 Financial Statements.

May 2005 Committee Meeting
The Finance Committee met on May 18, 2005 to discuss financial matters concerning the Association. Upon some discussion, the Committee read and approved the April 2005 Financial Statements.
   The Committee approved recommendations to replace the playground equipment at Firwood Park, the purchase of five golf carts, the replacement of the patio covers at the Fallingstar and Birdsong facilities, the purchase of a new Maintenance boat and the purchase of a new truck for Community Relations with funding from reserves. The Committee also approved Barry Katz to serve another term as the Committee Chairperson.

March 2005 Committee Meeting
The Finance Committee met on March 16, 2005 to discuss financial matters concerning the Association. Upon some discussion, the Committee read and approved the February 2005 Financial Statements.
   The Committee approved a recommendation from staff to replace the flat roofs at the Blue Lake Swim Club, Clearbrook, Smokestone, Brookside, Stonecreek and Lemongrass facilities with funding from reserves. The Committee also approved the purchase of 120 chairs for the Community Center with funding from capital improvements.
   The Committee was also updated on the 2005 Insurance renewal. The Association was able to lower premiums over the prior year due to changing insurance carriers.
   Finally, the Committee reviewed a proposal for installed vinyl windows and met with residents to discuss exterior color schemes in the community.

February 2005 Committee Meeting
The Finance Committee met on February 16, 2005 to discuss financial matters concerning the Association. Upon some discussion, the Committee read and approved the January 2005 Financial Statements.
   The Committee approved a recommendation from staff to fiberglass three pools at the Firwood, Clearbrook and Lemongrass facilities. The Committee also approved a recommendation to resurface ten tennis courts at the South Lake Tennis Club, four basketball courts located at the Wintermist, Springbrook, Cobblestone and Timer Run facilities, and one handball court at the Timber Run facility.

January 2005 Committee Meeting
The Finance Committee met on January 19, 2005 to discuss financial matters concerning the Association. Upon some discussion, the Committee read and approved the December 2004 Financial Statements.
   The Committee was informed that North Lake Gazebo construction is underway and should be completed by April. The Committee was also informed that the Board of Directors approved Inoye, Shively & Longtin to perform the Association’s 2004 Audit.