Transcript Slide 1

Victorian Court Condo Association Annual Meeting
Victorian Court Board:
John Scot
Mary DiPietro
Stephen Petrangelo
Dawn Cummings
Suma Mathai
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AGENDA
Call Meeting to Order
Old Business:
1. Notes of Y/E 2013 Meeting
New Business:
1. Repair and Maintenance Projects
2. Ice Dam Presentation
3. Budget Analysis for 2014
4. Present 2015 Budget
5. 2014 Year End Assets
6. Appointment of Officers/ Elections
Open Forum
Adjourn Meeting
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Maintenance & Repair Projects
2014 Completed Projects
RePaved and striped parking lot
New decks on 200 and 100 bldg
Landscaping and stonework along main driveway
Removed diseased and dying bushes in front of 100 Bldg
and replaced with small flowering bushes
Replaced dumpster enclosure
Vented all bathroom fans to flow hot air out of attic
2015 Upcoming Projects
Landscaping around shed and fence
Repaint shed
Stain decks and fencing
Remove damaged bushes along side of Unit 101
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Ice Dams
What are Ice Dams:
 It’s a build of ice at the edge of the roof which does not allow water to
flow off the roof as snow and ice melts.
Causes of Ice Dams:
 Ice Dams are caused when the snow freezes on
the roof form temperatures outside, and is melted
from the bottom up caused by a warm roof from
the heat inside the house
Ice Dams
How do you Prevent Ice Dams:
 There are several schools of thought on preventing Ice Dams. One
thought is to properly vent the attics, we completed this and still had
problems. Another is heat coils, we tested this on 2 Units and still
had Ice Dam formations. There is a thought that air conditioning the
attics to keep them cold so the roof stays cold from the bottom up
will prevent Ice Dams since the Dams form from the warm roof
causing the ice and snow to melt bottom up and stay frozen on
top…seems logical, but costly. We will be meeting with builders,
roofers and engineers over the upcoming months to research this
further. We will also install roof guards as a test on one r two units,
the design of these should help ease the formation of ice dams by
preventing a snow slide towards the front of the roof.
2014 Budget Analysis
Revenue
Association Fees
Late Fees Fees
2014 Budget
2014 ACUTUAL
4 Mos @ $240, 8 Mos @ $250
$82,880.00
4 Mos @ $240, 8 Mos @ $250
$82,880.00
$1,200.00
$40.00
$825.00
$3,000.00
$10,451.00
$13,115.00
$1,300.00
$500.00
$6,000.00
$800.00
$150.00
$7,000.00
$8,500.00
$1,050.00
$3,900.00
$1,500.00
$40.00
$875.00
$400.00
$11,999.00
$17,343.00
$1,300.00
$500.00
$6,000.00
$3,035.00
$782.00
$7,000.00
$8,322.00
$1,503.00
$3,200.00
$2,350.00
$6,703.00
$18,346.00
$6,420.00
$11,750.00
$82,880
$84,319
$82,880.00
$84,319.00
Expenses
Tax Prep
Bank Fees
Exterminator
Gutter Cleaning
Insurance
Landscaping
Lawn Chemicals
Legal Services
Management Fees
Miscellaneous
Postage/Office Expense
Repairs & Maintenance
Snow Removal
Electric (Utilities)
Waste Disposal
PowerWashing
Reserve Funds
Special
Paving
SUB TOTAL:
Net 2012 Profit
TOTAL:
$
-
$(1,439.00)
2015 Budget
Association Fees
$84,000.00
Tax Prep
Bank Fees
Exterminator
Gutter Cleaning (EOY)
Insurance
Landscaping
Lawn Chemicals
Legal Services
Management Fees
Miscellaneous
Postage/Office Expense
Snow Removal
Electric (Utilities)
Waste Disposal
PowerWashing (EOY)
Loan Payment
$1,500.00
$40.00
$600.00
$$11,528.00
$15,000.00
$1,300.00
$500.00
$6,000.00
$2,000.00
$400.00
$8,500.00
$1,500.00
$3,300.00
$$18,852.00
Subtotal
$71,020.00
Checking
General Savings
Incidentals
Projects/Maintenance
Reserve Fund
$$2,980.00
$3,000.00
$7,000.00
$-
TOTAL BUDGET
$84,000.00
Budgeted Savings
Victorian Court Assets
ACCOUNT TYPE
Checking Account
Savings
Repairs (PAVING)
Siding Savings
Special Reserve Savings
Total Assets
ACCOUNT ID#
BALANCE
1263
1264
1265
1267
$3,548.70
$6,577.61
$888.73
$6,742.11
$54,600.20
NEW ACCOUNT NAME
Checking
General Savings
Incidentals
Projects/Maintenance
Reserve Fund
$72,357.35
**Balances accurate as of 04/01/2015
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