Managers Report January 22, 2015

MANAGEMENT REPORT

COFFEE CREEK CONDOMINIUM ASSOCIATION

January 22, 2015

 

Financials:

As of year end – December 31, 2014 (January 2015 Financials not available at this time)

 

• Cash on Hand                    $2,430.28
• Savings Account                $8,095.03
• General reserve                  $128,814.64
• Insurance reserves            $21,079.08
• Total Liabilities/Equity   $160,419.03

 

Delinquencies:

 

• As of December 31st there was a total of $29,768.49 owed to the association, which consists of 11 accounts ranging from $30 – $15,000. (These delinquencies have gone down $3,527.80)
• Delinquent percentages are down from 23% in November to 20% in December.
• 1 unit has a pending ejectment of the occupant.
• 1 account disputing charges that were carried over from VIS
• 1 account was handled
• 5 accounts making consistent payments
• 1 account is for RV storage non payments

 

Projects:

 

• Garage doors have been replaced
• Dryer vents are completed except for 1, need to set up time with owner and company to complete
• 2 doors with bad locks have been replaced, still need 1 replaced, owner not responding to vendor’s request
• Light by Coffee House has been repaired
• Board approved Spartan for sewer maintenance (will wait until later date to determine when to start yearly maintenance)
• Roofs have been put on hold until Spring except for emergency repairs

 

Miscellaneous:

 

• Shannon needs updated parking space rental list
• Shannon is making an emergency contact list and needs updated phone number for owners and tenants
• In the process of making a work order system for Randy