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Annual Meeting 03-Dec-2013

Agenda• Welcome• Treasurer’s Report• Secretary’s Report• Road Maintenance Update• Election of Board Members• New Business

– Flood Update

• Adjourn

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Road Maintenance Update

Your LTRA Funds

Speed &

Mother Nature(DRY early, WET later)

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$22,532

$2,570

$2,134

$18$3,606

2013 Total Funds

LTRA DuesNon-RatifiedBMRRAOtherAuction

Total Funds Available = $30,860 (05-Nov-2012)- 67…down to 66 Ratified Members during 2013- Other = Fees and Interest- Auction of grader is not included in the 2013 budget- Emergency Fund CD = $4,043

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$2,884$281

$5,250

$5,413

$400

$5,940

$1,195

$5,891

2013 Total Costs

Admin.

Misc. Expense

Grading

Road Base

Water

MgCl2

Labor/Equip

TBD (Balance)

After Admin. & Misc. Costs, a total of $24,089 would be available. Dates of April 13th through June 30th = 2013 performed work ($18,198). Administrative / Misc. Costs = taxes (St. & Fed.), PO Box, postage,

insurance, printing, professional fees, office supplies, tax preparation, etc… Road Maintenance = the rest of the pie.

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LTRA Road Map

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Lower Stagecoach

Upper Stagecoach

Lower Ponderosa

Upper Ponderosa

Silver Sage

Sunrise Drive

Gray Mt.

$0 $1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$4,105

$945

$3,840

$2,581

$1,211

$5,066

$450

$0

$1,200

$1,500

$0

$0

$900

$2,300

2013 Road Cost by Location

Fall 2013 Planned Spring 2013 Complete

Total Road Work for 2013 = $18,198Fall Maintenance = Up to $9,500 (includes grader sale)…then it rained a little!

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2009-A 2010-A 2011-A 2012-E 2012-A 2013-E 2013-A 2014-E

-$8,000

-$3,000

$2,000

$7,000

$12,000

$17,000

$22,000

$27,000

$32,000

Total IncomeTotal CostsYear Net Income

Budget Comparisons

- Past deficits were made up by 2008 surplus and 2011 CD rollover.- 2013 Year Net Actual Income includes sale of grader ($3,606).- Mother Nature does not like us right now!!!

A = Actual & E = Estimate

DryYear

DelayedBy Flood

Expectationsof a late-

2013 or early-2014 recovery!

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History of LTRA Annual DuesSource: www.usinflationcalculator.com (2014 is estimated)

• About a 115% increase in annual dues since 1984!• Currently around 95% of expected inflation…very close!• No “originally planned” increase for 2014!...then it rained a little.

19841986

19881990

19921994

19961998

20002002

20042006

20082010

20122013

2014

$0.00

$50.00

$100.00

$150.00

$200.00

$250.00

$300.00

$350.00

$400.00344

Actual DuesInflation Adj'd

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2013 Summary No hefty repairs in 2013 except for 5K on Sunrise…still not excessive.

No heavy storms before September…no expensive repairs.

The early dry weather limited regular maintenance within the 2012 LTRA budget.

We were on-track for 2013 until the flood delayed fall maintenance.

Not finished with all maintenance now…may lead into next April.

The higher quality road base continues to be worth the cost.

2010 - 2012 “rebuilds” only needed normal maintenance, as planned.

Larger projects are done…until it rained…a lot!

Depending upon how the flood damage goes…no planned increase in 2014.

A “special assessment” is possible depending upon discussion tonight and FEMA Public Assistance via Larimer County outcome.

Any feedback is appreciated!!!