Transcript Bluebonnet Homeowners’ Association Inc.

Bluebonnet Homeowners’
Association Inc.
AGM Presentation April 16th 2015
Bluebonnet Homeowners’ Association Inc.
Annual Members Meeting
Agenda
1.
Call to order
2.
Outline format of meeting
3.
Statement of quorum
4.
Approval of prior year minutes
5.
Director nominations
6.
Operational update
7.
Financial update
8.
JVC Development LLC Update
9.
Q&A
10.
Adjournment
Bluebonnet Homeowners’ Association Inc.
Website
http://www.bluebonnetcountry.com/hoa.shtml
• Contact info
• Links to email
• Site plan
• Notices of meetings
• Minutes and presentations
• Financial information
Bluebonnet Homeowners’ Association Inc.
Operational Update
Roads:
• Crushed rock was purchased and added to some roads.
•
Approximately 3000 linear feet of roads are being maintained. Roads used
to get to existing residences remain the priority. All weather access must be
provided to emergency vehicles for residents.
Landscaping:
• Purchase of replacement plants, fertilizer, compost, mulch and other
supplies throughout year to ensure landscaping maintained to same level.
•
Regular mowing, watering and landscaping services.
•
Right of ways mowed when needed. (twice during 2014)
•
Repaired lights at front entrance
Bluebonnet Homeowners’ Association Inc.
Financial update
• 2014 results from operations
• 2015 budget
• Collections
Bluebonnet Homeowners' Association Inc.
Statement of Financial Position (Unaudited)
December 31, 2014
2014
December 31
2013
December 31
Assets
Maintenance Fund
Cash
Accounts receivable
Allowance for doubtful accounts
Deposits
$
$
6,538
955,327
(955,327)
200
6,738
$
$
12,316
935,374
(935,374)
350
12,666
Liabilities
Maintenance Fund
Accounts payable and accrued liabilities
Deferred revenue
Due to related parties (note 6)
$
$
10,230
240
20,984
31,454
$
(24,716)
(24,716)
$
$
2,857
10,800
20,984
34,641
$
(21,975)
(21,975)
Net Deficiency
Maintenance Fund
B luebon n et Homeown ers' Association In c.
Statement of Revenue and Expenditures (Unaudited)
December 31, 2014
2015
Budget
2014
Actual
2013
Actual
Revenue
Collection of Current Maintenance Fees
Other Income - Non Operating
$
Expenditures
Operating expenses:
Property supervisor
Landscaping - grounds
Road maintenance
Refuse removal
Other miscellaneous repairs
Electricity - front entrance
Irrigation
Administrative expenses:
Travel expenses
Contract accounting
Professional fees - tax compliance
Courier & postage
Bank fees
Directors and officers insurance
Dues and fees - Filling fee
Room rental for annual member meetings
Provision for taxes- curent (refund)
32,400
32,400
$
9,600
6,000
3,140
2,200
1,000
650
300
22,890
9,600
5,830
3,362
1,933
1,018
639
300
22,683
1,500
800
600
350
60
6,000
200
9,510
1,433
675
595
476
70
5,888
200
9,337
Income (deficit) for the year before taxes
$
$
-
1,299
950
600
746
69
5,603
5
200
(624)
8,848
(167)
-
-
$
(2,241)
34,035
476
34,511
9,600
9,777
2,787
2,187
427
603
450
25,831
(2,241)
Federal income tax
Income (deficit) for the year
29,778
29,778
$
(167)
Bluebonnet Homeowners’ Association Inc.
Collections update
•
Approximately $18,300 has been received to date for 2015 maintenance
fees as compared to $28,300 at this point in 2014.
•
Balance owed to Developer at December 31, 2014 is $20,984. No change
from prior year.
•
The HOA will not have to pay any tax this year. (2013 – nil)
Bluebonnet Homeowners’ Association Inc.
Developers Update
•
Development Plan
•
Update of the status of Grimes County MUD #1
•
Local representative of the developer
Bluebonnet Homeowners’ Association Inc.
Contact information
Address correspondence to the Secretary
P.O. Box 46
Navasota TX 77868
Ph: 866-934-3462
E mail: [email protected]