FINANCE COMMITTEE A new year at ORPS is getting underway as is the Finance Committee with two meetings scheduled; Wednesday, November 4 and Wednesday, November 18 both at 2PM in the East Room. This year the Resort’s finances look better than in previous years for this time of the year. Operations Operating income for the first three months of the fiscal year was $1,046,000 and expenses were $1,042,000 for a net income of $4,000. Historically, we have shown a loss for the first three months of the fiscal year. The budget for the first three months projected a loss of $57,000. The largest savings in expenses was in utilities, which were $25,000 under budget. Expenses for Maintenance were $11,000 under budget. Expenses for Facilities and Vehicle Maintenance were significantly below budget. Reserve Fund Income in the Reserve Fund for the fiscal year ending June 30, 2015 was $1,173,365 and expenses were $974,819 resulting in an increase of $198,546 in the Reserve Fund balance for the fiscal year. Projected in- come for the Reserve Fund this fiscal year is $1,208,148. Expenses in the first two months of the year were $470,000. Based on Board policy, it is projected that the Reserve Fund balance will increase by at least $240,000 by the end of the fiscal year. Capital Fund The Capital Fund has a balance of $44,000. There is no revenue increase included in the budget this fiscal year. B ILL D IETRICH Chair
COMMUNICATIONS Another season is beginning! Daylight savings time is ending! Our Resort is beginning to fill with returning Owners and Guests that have been renting for years and others for the first time, we have new Owners and all are welcome with open arms. We urge all to get involved, our Resort depends on volunteers. Also it is a great way to meet new people. It was a busy summer for updating our Resort. As you came in you might have noticed the new pavers. The ponds on the golf course have been redone and a new bridge from the 18 th green to the Starter Shack has been built. It is nice to have the bathrooms at El Saguaro updated, too. November 7 begins the activities starting with the Welcome Back Breakfast and the Welcome Dinner/ Dance. The Activities Committee members will be setting up for the breakfast and the champagne will be served by our Board members. The Dinner/Dance is a chance to catch up with friends and make new acquaint- ances. Our Resort is broken down into eight phases. This makes it a little easier to communicate with the whole Resort. We are always looking for new Phase Reps to help. Right now we would like to have a couple more Reps for Phases 3, 4 and 5. It is very rewarding and gives you a chance to interact with your neighbors. Come join us, our first meeting is on Monday, November 2 at 11:30AM in the East Room. You are welcome at our Committee meetings. The information you gather from these meeting could be helpful with some of the decisions made for the better of
our Resort. D E D E L OOP Chair
ORPS MEETINGS Board Planning Meeting – Monday, November 9, 1PM – La Palma Board Room Town Hall Meeting – Friday, November 13, Lunch @ Noon; Meeting at 12:30PM – El Saguaro Board Regular Meeting – Monday, November 16, 1PM – La Palma Clubhouse Auditorium
A&A
Wednesday
9AM
Nov. 11
Board Room, LP
Activities
Monday
3PM
Nov. 9
West Room, ES
Communications
Monday
11:30AM Nov. 2
East Room, LP
Facilities Planning
Thursday
2PM
Nov. 12 & Nov 19 East Room, LP
Finance
Wednesday
2PM
Nov. 4 & Nov. 18 East Room, LP
Golf
Tuesday
1PM
Nov. 4
Owners’ Lounge, ES
Health & Fitness
No meeting in November
Safety & Security
No meeting in November
Tennis
Saturday
9AM
Nov. 6
La Palma
4
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