Association General Meeting Minutes – 23 June 2014

Meeting Notes:

1. Old Business
   1. Replacement of the entrance signs complete.  Prior decision taken not to re-design the signs.  Old signs were almost 30 years old.
   2. Landscaping around the signs has been addressed, although follow-up with landscapers required addressing concerns around weeding.
2. Membership Overview
   1. While the number of paying residents remains fairly consistent, the number of senior memberships is impacting revenue.   PayPal clients cost an additional $1.25/membership.
   2. Two ideas around increasing dues to ensure sufficient revenues were discussed.   Attendees decided the Board of Trustees will take up the question of dues and determine a decision.
   3. Wild Water Kingdom passes increased this year from 12 to 15 households, yielding $3500 to Wild Water Kingdom.
   4. Membership drive is focused on fewer, but more firm, deadlines.  Reminder postcard generated additional memberships.  Membership will close on July 1^st.
   5. Wild Water Kingdom tickets were awarded.  Diann Rucki will notify the winners and mail them the  tickets  Winners are: Richard and Linda Basta (High Point), Edward and Diane Lennon (Brewster), Louis Novotny (High Point), and Virginia Berardinelli (Brewster).
3. Financial Overview
   1. Income Statement presented.  Reminder that fiscal year begins on June 1^st.  Total expenses include only 50% of total cost of sign replacement as the other half was taken in the prior fiscal year.   Net worth statement is also attached.
      Income Statement & Balance Sheet YE May 31, 2014
      Net Worth June 2014
   2. Budget for FY15 was reviewed and a motion accepted to pass the FY15 budget.
      Proposed Budget FY 2014-2015
4. New Business
   1. Membership Committee: Michael Gerard resigned from the membership committee due to his pending move.  Benku Thomas agreed to assist with the web site.  Michael, Diann, and Benku are working together to move items, such as the web site, out of Michael’s name and into Benku’s.  All items to be posted on the web site should now be forwarded to Benku.  The membership committee welcomes other volunteers!
   2. Election of New Officers: Two new officers are required.   The attendees agreed to send out a mailing indicating the current Board members, as well as the current openings.  Once the Board is in place, the Board will elect the individuals to the different role.
   3. Block Party: George and Jen Mallinos graciously offered to host the Block Party in front of their home on Elizabeth Lane.  The attendees agreed to two dates for the party: Target Date: Saturday, September 13^th / Rain Date: Saturday, September 20^th.  More details to follow.
   4.  House Abandonment: There was some discussion around what could be done around a house that appears to have been abandoned on Rivers Edge Dr.  Unfortunately, the homeowner’s association cannot assist, but recommended that concerned homeowners contact the township