Management Report February 2015

MANAGEMENT REPORT

COFFEE CREEK CONDOMINIUM ASSOCIATION

February 25, 2015

 

 

Financials:

As of today February 25, 2015

 

• Cash on Hand $21,810.14
• Savings Account $3,357.88
• General reserve             $128,814.64
• Insurance reserves             $79.08
• Total Liabilities/Equity $154,061.74

 

Delinquencies:

 

• As of February 17, 2015 there are 12 delinquent accounts.
• Delinquent percentages are up from 20% in December to 21% in January and February.
• 1 unit has a pending ejectment of the occupant. Coffee Creek has ownership of unit.
• 1 account disputing charges that were carried over from VIS
• 6 accounts making consistent payments
• 2 accounts are new
• 1 account is liened not making any payments
• 1 account is for RV storage non payments

 

 

Miscellaneous:

 

• Shannon is almost done with the parking space list and vehicle information
• Shannon is almost done with an emergency contact list and needs updated phone number for owners and tenants