Back row left to right: Board of Directors Liaison Bill Mavity, Keith Boothroyd, Jim Kuriluk, Dave Speirs, Phil Berman
   Front row: Ron Lubinsky, Chairperson Michelle Johnson, Association Controller Carrie Romero
   Not pictured: Greg Hamblin

As reported by Carrie Romero, Controller

November 2009
The Finance Committee met on November 18, 2009 to discuss financial matters concerning the Association.
     Upon some discussion, the Committee approved the October 2009 Financial Statements.
     The Committee approved a recommendation to the Board of Directors to replace twelve pool heaters with funding from reserves. The Committee also approved a recommendation to the Board of Directors to fiberglass the pool, spa and wader at Blue Lake Swim Club, and to fiberglass the spas at the Shorebird, Springvale, Stonecreek, Wintermist and Woodspring facilities with funding from reserves.

October 2009
The Finance Committee met on October 21, 2009 to discuss financial matters concerning the Association.
   Upon some discussion, the Committee read and approved the September 2009 Financial Statements.

September 2009
The Finance Committee met on September 16, 2009 to discuss financial matters concerning the Association. The Committee reviewed the 2010 Proposed Budget and Reserve Study. The Committee discussed all of the projected increases in 2010, and agreed that the Association’s operating surplus will not be sufficient to sustain the monthly assessment at $78.00 per unit. The Committee approved a recommendation to the Board of Directors to increase dues $2.00 per unit ($80.00 per unit per month) and the reduction of $100,000 in expenses to be removed from the operating and/or capital improvement budget.
     After some discussion, the Committee read and approved the August 2009 Financial Statements. The Committee also approved the recommendations to replace the siding at Stonecreek Swim club and the resurfacing of two tennis courts at the South Lake Tennis Club with funding from reserves. The Committee further approved the recommendations to replace the pool decking at two facilities and the replacement of roofing at three facilities with funding from reserves.

August 2009
The Finance Committee met on August 19, 2009 to discuss financial matters concerning the Association.
     Upon some discussion, the Committee read and approved the July 2009 Financial Statements.
     The Committee unanimously approved the replacement of siding at the Lemongrass Facility and the purchase of a WiFi network for the Stonecreek Swim Club.
     The Committee welcomed new member Jim Kuriluk to the Finance Committee and expressed their appreciation to Jennifer Crosson for her support to the Finance Committee while she was the acting Controller.

July 2009
The Finance Committee met on July 15th. The committee approved the June 30, 2009 financial statements and the minutes from the May Finance Committee meeting.

June 2009
The Finance Committee met on June 17, 2009 to discuss financial matters concerning the Association.
     Upon some discussion, the Committee read and approved the May 2009 Financial Statements.
     The Committee unanimously approved the retrofitting of the Springvale pool and spa to a salt chlorination, the painting of the North and South Lake Bridges, and the continued replacement of the fencing along the 405 freeway.
     Committee member Michelle Johnson was elected at the Finance Committee chair.

May 2009
The Finance Committee did not meet in April.

April 2009
The Finance Committee did not meet in April.

March 2009
The Finance Committee met on March 18, 2009 to discuss financial matters concerning the Association.
     Upon some discussion, the Committee read and approved the February 2009 Financial Statements.
     The Committee unanimously approved the replacement of trellis covers at Pebblewood Park, the purchase of a replacement compressor, the extermination of the North and South Lake Bridges, the slurry sealing of various bike paths, and the resurface of two tennis courts and four shuffle board courts with funding from reserves. The Committee also approved the raising of the bottom of the North Lake Lagoon bottom with funding from capital improvements.

February, 2009
The Finance Committee met on February 18th to discuss financial matters concerning the Association.
     Upon some discussion, the Committee read and approved the January 2009 Financial Statements.
     The Committee unanimously approved the replacement of tables at the Community Center and an awning for the South Lake docks with funding from Capital Improvements.

January, 2009
The Finance Committee met on January 21, 2009 to discuss financial matters concerning the Association.
   Upon some discussion, the Committee read and approved the December 2008 Financial Statements.
   The Committee unanimously approved the contract to replace the pool heaters at six facilities with funding from reserves.
The Committee also discussed the idea of environmentally friendly chemicals and a tour of neighboring communities will be held in April.