IX.
NEW BUSINESS
A. 2020-21 Budget GM Vitrano then went through the budget line by line and gave additional information and background on make-up of assessment being proposed. GM Vitrano asked if President Farmer wanted any discussion for the petition received to eliminate Director of Golf position. President Farmer pointed out that there are some items under this budget line item for golf that are not related to staffing, including the purchase and sales of clubs and other items. President Farmer noted the many improvements in the golf program, including the new Fourtees software. GM Vitrano informed the Board that the 2020-21 Assessment is contingent on passage of Working Capital Fund Resolution and Reserve Fund Resolution. Non passage of these Resolutions would trigger a substantial increase in the amount of the proposed assessment. President Farmer went on to explain each Resolution in detail. Director Leahy commented that the transfer of $164,000 is a transfer between our bank accounts and not an expenditure. He also commented that the transfer of the $164,000 helps bring our funding of the reserve account to the 70% level of funding that has been a long-term goal of the Resort and supports spending for equipment that wears out. Floor was opened for Member comment. Steven Vaughn., Lot 1048 - Question about the budget. Deb Spoelstra, Lot 710 - Thanked Board for their work. Commented on maintenance and idle time that some staff seems to have. Ed reminded callers that subject should be about budget issue only. President Farmer then provided additional rationale for increase in the budget. Muriel Leff, Lot 817 - Favorable comments on Golf Pro. Dena/Charles Lage, Lot 58 – Comments on increased assessment and Golf Pro. GM Vitrano clarified $60,000 is not just the Director of Golf position, and has already been funded in the budget for this year and next. Eric Buckland, Lot 383 – Spoke about ORPS HOA rate increase vs. Social Security cost of living increases. Also commented on fees and tennis social area. 1. Working Capital Fund Resolution - Transfer of $164,000 to Reserve Fund 2. Reserve Fund Resolution – Rescission of Resolution 2015-04
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