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Overview of HOA checking/savings and money market accounts, member assessments, water/sewer upgrades progress, and utility finances. Detailed collection efforts and financial balances as of 05/02/12.
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HSR Association Financial Summary HOA Checking/Savings Account Used for day-to-day operations This is where quarterly fees are deposited Balance as of 12/31/11: $31,547.31 Balance as of 05/02/12: $80,560.42 Money Market Account (M/M) Opened early January contains assessment monies only Total Collected as of 05/02/12: $142, 534.58 Amount includes some partial payments Balance as of 05/02/12: $133,624.22 About $8,910.36 spent so far on water improvement project
HSR Association Financial Summary (cont) Assessments for Water/Sewer upgrades 138 owners have paid the $1000.00 assessment 24 owners have not paid the assessment 6 owners have made arrangements to make the payment 9 cabins are in foreclosure The Board of Directors will be taking steps to collect the delinquent assessment fees. Currently suing 3 owners for back HOA dues and starting garnishment on one owner
HSR Utility Financial Summary As of 12/31/11, the Checking account had: $34,794.42 As of 05/02/12, the Checking account had: $22,042.58 As of 05/02/12, Money Market account balance is at: $43,012.01
