2017 Arden Lake

General Meeting

Agenda▶ Approval of the December 21st Special Meeting

Minutes▶ Old Business

▶ 2016 Last Quarter in Review▶ Trick or Treat Halloween Party▶ Breakfast with Santa▶ Special Meeting 12/21▶ Luminaries

▶ New Business ▶ Vision for the Common Grounds▶ 2017 Proposed Budget

If you don’t mind will you please…

▶ Silence your cell phones▶ Write questions down and save

them for the end▶ Refrain from shouting curse

words at me

2016 Oct – Dec Last Quarter in Review

TOTAL OPERATING EXPENSES 75,070.00 8,152.25 29,887.93 15,448.62 13,742.96 67,231.76 (7,838.24)

Net Cash Flow (9,750.00) 55,272.75 (28,249.73) (14,880.62) (13,250.57) (1,108.17) 8,641.83

Quarterly Ending

Operating Cash 89,874.08 61,624.35 46,743.73 33,493.16

Checking Acct.

(Balance per Bank

Statement) 89,874.08 61,624.35 46,743.73 33,493.16Check & Balance 0.00 0.00 0.00 0.00

Q1 Q2 Q3 Q4Operating

Cash Balance 89,874.08 61,624.35 46,743.73 33,493.16

Operating Reserve Balance 50,098.22 50,098.22 50,098.22 50,098.22

ARDEN LAKE HOA TOTAL CURRENT CASH POSITION 139,972.30 111,722.57 96,841.95 83,591.38

Jan 1 - Dec 31 Jan 1 - March 31 April 1 - June 30 July 1 - Sept 30 Oct 1 - Dec 31

TOTAL OPERATING EXPENSES 75,070.00 8,152.25 29,887.93 15,448.62 13,742.96 67,231.76

Net Cash Flow (9,750.00) 55,272.75 (28,249.73) (14,880.62) (13,250.57) (1,108.17)

Quarterly Ending Operating Cash 89,874.08 61,624.35 46,743.73 33,493.16

Checking Acct. (Balance per Bank Statement) 89,874.08 61,624.35 46,743.73 33,493.16

Check & Balance 0.00 0.00 0.00 0.00

Q1 Q2 Q3 Q4

Operating Cash Balance 89,874.08 61,624.35 46,743.73 33,493.16

Operating Reserve Balance 50,098.22 50,098.22 50,098.22 50,098.22

ARDEN LAKE HOA TOTAL CURRENT CASH POSITION 139,972.30 111,722.57 96,841.95 83,591.38

Community Events

▶ We held 2 events in the last quarter. ▶ November – Halloween pizza party at the

clubhouse and costume contest for the kids▶ December – Breakfast with Santa

▶ HUGE thanks to Ashley for making a vision turn into reality.

▶ Look for more of these events to continue.

Halloween Party

Boy and Girl 8 and Under Costume Winners

Boy and Girl Over 8 Costume Winners

The Force Is Strong With These Two!

Company Award Winning Costume

Yes He Did!

Wolverine… Yea!

With Santa

Breakfast

***The Gathering***

Family

Friends

Free Babysitting

Excited Children!!!

Arts and Crafts

That’s A LOT of gift requests!

A LITTLE WEIRD!!!

Improvements

New TV PurchaseThis was on the

recommendation from some of the 2016 board

members

Our board agreed this is

a great improvement

It will be used as a better projector for general and special meetings (like right

now)

Opens up option for

having additional types of

social events at the club house (stay tuned for more info)

It was a great year for

Arden Lake!

Before Moving Forward….

I would like to give a little bit of background.

The next couple of slides are from the general meeting back in January of 2014’s budget vote

2014 General Budget Meeting Slideshow

In 2014 Budget Included Increasing the Reserve to

$50,000

2014 Goals to Accomplish

The 2017 Board Wants to Finish This List Off

The Vision

Make Our Common Grounds Look Amazing!!!▶ We will start with the tennis lights.

▶ As all of you know there was vote about whether or not to include the tennis lights in the 2017 budget.

▶ That vote received a roughly 85% participation rate and passed in favor of adding tennis lights

▶ Playground ▶ Right now our playground area is in distress. ▶ We want to open the area up, hardscape and

landscape, add new equipment and make it more attractive for families by adding better picnic tables and a grill.

Want to See What It Could

Look Like?

I did too…

 

A Quick Shout Out…

To my good friend Bradley Hale for sketching this up for our

neighborhood with only a 24 hour notice!

Long Term Plans

Upgrade the

Clubhouse

• New cabinets • New flooring• Better

insulation• Bathroom

remodeling• Ductwork

adjustments• Upgrading

technology • Fix walk way

Long Term Plans Cont…

Pool Area Upgrades

Fix the landscaping

Fix the gazebo

Possible addition of a

mushroom water feature

More Community Involvement

Continue the

Halloween and

Christmas events for the kids

Additional Children Events• Movie night at the

club house w/ popcorn and snacks

• Memorial Day party to celebrate the pool opening

Add more adult events•Super Bowl

Parties•Poker

Tournament•Steak and Wine

Night•MMA Night

WHY IMPROVE STUFF THAT I NEVER USE???

▶ Our common grounds should be thought of as a nice amenity for our families, but they are much more.

▶ Common grounds are a marketing piece for neighborhoods.

▶ Builders don’t add swimming pools and tennis courts, because they all have an affinity for the back stroke and overheads.

▶ Builders know these have a mass appeal to potential home buyers and they want to make money.

▶ Better common grounds = better marketability = higher demand = higher prices

Simply Put…We want our Home

prices to go up!!!

The bad news is

Improvements Cost $$$

The good news is we

have enough funds to make improvements

without our dues

increasing.

2017 Assessments = $495

▶ This is the same amount as last year.▶ The board does not believe dues should be

decreased until our neighborhood is in tip top condition

Proposed Budget

Income

Fiscal Year 2017

  Tracking HOA

Income and Expense Catagories (for budgeting

purposes) Current Proposed BudgetActual Income &

ExpenseBudget Less

Actual

Next Year Proposed

Budget

OPERATING INCOME

Homeowner Dues 64,350.00 0.00 64,350.00 0.00

Clubhouse Rental 350.00 0.00 350.00

Swim Team 200.00 0.00 200.00

Tennis Team 225.00 225.00 0.00

Miscellaneous Income 400.00 50.00 350.00

TOTAL INCOME 65,525.00 275.00 65,250.00 0.00

Proposed Budget Cont…Common Ground Expenses

COMMON GROUNDS

Lawn Maintenance 5,000.00 0.00 5,000.00 0.00

Seasonal Plantings 3,000.00 0.00 3,000.00Repairs 800.00 0.00 800.00

Improvements 2,200.00 0.00 2,200.00Miscellaneous 400.00 0.00 400.00

Total Common Grounds Expenses 11,400.00 0.00 11,400.00 0.00

Proposed Budget Cont…

Clubhouse Expenses:

CLUBHOUSE

Maintenance 1,100.00 0.00 1,100.00

Repairs 5,000.00 0.00 5,000.00Pest Control 300.00 0.00 300.00 0.00

Improvements 1,500.00 0.00 1,500.00Miscellaneous 300.00 0.00 300.00

Total Clubhouse Expenses 8,200.00 0.00 8,200.00 0.00

Proposed Budget Cont…

Pool Expenses

POOL

Pool Service 5,500.00 0.00 5,500.00 0.00Pool Permit & Inspection Fee 300.00 0.00 300.00 0.00Maintenance Supplies 350.00 0.00 350.00 0.00

Repairs 1,000.00 0.00 1,000.00 0.00

Improvements 2,400.00 0.00 2,400.00 0.00Miscellaneous 200.00 0.00 200.00

Total Pool Expenses 9,750.00 0.00 9,750.00 0.00

Proposed Budget Cont…

Tennis Court Expenses

TENNISMaintenance 300.00 0.00 300.00

Repairs/Improvements 18,500.00 0.00 18,500.00

Miscellaneous 6,000.00 0.00 6,000.00

Total Tennis Expenses 24,800.00 0.00 24,800.00 0.00

Proposed Budget Cont…

Playground Expenses

PLAYGROUND

Mntnce/Repairs/Imp 19,000.00 0.00 19,000.00Miscellaneous 50.00 0.00 50.00

Total Playground Expenses 19,050.00 0.00 19,050.00 0.00

Proposed Budget Cont…

Community Expenses

COMMUNITY SERVICES

Graduation Sign 200.00 0.00 200.00Community Garage Sale 100.00 0.00 100.00Welcome Committee 400.00 0.00 400.00Yard of the Month 0.00 0.00 0.00

Social Events 4,000.00 0.00 4,000.00Miscellaneous 200.00 0.00 200.00

Total Community Expenses 4,900.00 0.00 4,900.00 0.00

Proposed Budget Cont…Operating Expenses

HOA OPERATING EXPENSES

Legal 1,000.00 0.00 1,000.00

Insurance (HOA) 3,000.00 0.00 3,000.00Corporation Dues (HOA) 50.00 0.00 50.00Operating Reserve (Capital One) 0.00 0.00 0.00 0.00Postage/Envelopes 200.00 0.00 200.00Post Office Box 125.00 0.00 125.00Printing 200.00 0.00 200.00Website 300.00 0.00 300.00

Miscellaneous 2,000.00 0.00 2,000.00Total HOA Operating

Expenses 6,875.00 0.00 6,875.00 0.00

Proposed Budget Cont…Utilities

UTILITIES

Electric 4,525.00 0.00 4,525.00

Gas 1,300.00 0.00 1,300.00

Water 4,200.00 0.00 4,200.00Pool Telephone 800.00 0.00 800.00Internet Wi-Fi 500.00 0.00 500.00

Total Utilities Expenses 11,325.00 0.00 11,325.00 0.00

Where Does That Leave Us?Operating Cash Balance Dec 31

34,000.00

34,000.00 0.00

Projected Income65,525.

00 275.0065,250.0

0

Projected Expenses(96,300.

00) 0.00(96,300.0

0)Projected Ending Cash Balance

3,225.00

34,275.00

(31,050.00)

Reserve Fund (Ending Bal Dec 31)

50,098.22 0.00

(50,098.22)

Reserve Goal Capital One

50,000.00

50,000.00 0.00

Difference 98.22(50,00

0.00)(50,098.2

2)

Questions?