CFO REPORT
HEALTH & FITNESS COMMITTEE Welcome back! Happy to see so many in the gym. Just a reminder, please use the sanitation wipes to clean off your equipment after each use. We want to keep all healthy and well. The Health and Fitness Committee will be selling bricks again this season as annual fundraiser. Leave your legacy at ORPS. Go check it out. Brick walk is outside the gym. Reach out to Kathy OedeKerk, Gabe Fratada, Terry Huff or myself in Lot #1. We are also in search of a new self - motivated committee member who wants to be creative, motivated and enjoy Health and Fitness. We are in the process of searching for new health speak- ers for January and February. Further information to come. Back by popular demand, we will also be doing our 5K walk/run February 15. I will personally be in the gym 3 days a week. If you need help with proper weight usage, or wanting greater health and wellness, I am happy to help. Just seek me out. As a certified massage therapist and medical practitioner, I will be offering massages in the resort, (by appointment only). I hope to see you all out walking or in the gym. Our bodies are made to move .... So let’s get going. It’s going to be a fabulous season!! Healthy Living - Nutritional habits for an active life style lectures, will be held at Annenberg Health Sciences located at 3900 Bob Hope Dr, Rancho Mirage. Monday, January 13: Diet Pitfalls by Barbara Sassower, MPH, RDN, CDE Monday, January 27: Colorful Foods by Rachael Dillion, RD Saturday, February 15 starting at 9AM 5K run/walk Monday, February 24 Healthy snacks by Lisa Misi, RD Chavalla Lopez-Bassham, Chair
Each year we return to the resort from our busy summer lives and it’s good to refresh our understanding of the resort financials. As a Board, we work with our management team to manage the resort for the benefit of the owners. We finished the 2018-2019 fiscal year with our expenses well within budget. We have strong budget and accounting processes in place and our annual audit was completed over the summer. Recent changes in California law have imposed new responsibilities on the Board to review financial documents. The California minimum wage will increase from $12 to $13 an hour on Jan 1, 2020. Minimum wage will increase to $14 in 2021 and $15 in 2022. These wage increases impact some of our employee wage rates and also impact Vintage and our other contractors. The non-wage parts of our budget, such as supplies and utilities, are also subject to inflationary pressures. We are fortunate to have an active Finance Committee staffed with owners who have the skills and experience to guide the Board in its financial decision making. On July 1, the HOA monthly fee increased by $11 to $394. We are projecting that increasing costs will lift the HOA monthly fee by another $12 a month in July 2020, and $13 a month in July 2021. We would like to thank the 66 owners who signed up for ACH (Automatic Clearing House) payment of their HOA fees and another 115 owners who signed up to accept Email distribution of their Annual Disclosure mailings. Reducing the work load for our employees is an important way owners can help control our expenses.
Charlie Leahy, CFO
Finance Committee Committee members Howard Berman, Dave Crosswhite, Bill Dietrich, Doug Folsom, Doug German and
A&A Committee
Dave Mueller met mid-November to be apprised on of the activities of the Board since April 2019, specifically addressing new statutory requirements of the Board in regard to financial matters, and the results of the audit process of the year 2018 - 2019. We also devised a work program to identify and select resort operations to study in more detail. We will also be undertaking our usual role in the preparation of the budget for 2019-2020.
Ted Wilson, A&A Chair See page 14 for article
Gail Pollock, Chair
4
Made with FlippingBook - professional solution for displaying marketing and sales documents online