Managers Report Nov 25, 2014

MANAGEMENT REPORT

COFFEE CREEK CONDOMINIUM ASSOCIATION

November 25, 2014

 

 

 

Financials:

As of month end – October 31, 2014 the association has $156,651.53 in assets

 

• Operating account $51,269.54
• General reserve $86,970.73
• Insurance reserves $18,411.26

 

Delinquencies:

 

As of November 24^h there is a total of $33,296.29. owed to the association, which consists of 13 accounts (ranging from $30 – $15,000. (These delinquencies have gone up $3,102.26) Delinquent percentages are down from 25% in October to 23%. One unit has a pending eviction of the occupant.

 

 

Miscellaneous:

 

• Fences?
• Club house has been winterized
• Hose bib covers were placed by Randy
• Randy has his deicer station set up and ready for icy weather and will keep the gate open in the event of freezing weather
• Randy replaced lights in carport areas
• Pool has been covered
• Gate is fixed- recommended to have key pad replaced
• Garage doors should be replaced by November 25
• Decks/railings completed
• Guardian offers a service plan with 10% discount on all work done
• Shannon has been working on emergency contact list- need updated renter information
• Shannon is working on updating the parking space rentals (almost done)
• Water shut off valve at building 2 has been looked at by Spartan Plumbing – not broken just requires muscle to turn it – Randy got a new key that should make it easier