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With all the changes going on with the board this fall, the “Presidents” letter seems to have gotten lost in the shuffle. After each meeting the president likes to try and communicate what transpired at the board meeting. This is not the official minutes, but just a recap. Since we currently are running with no president, or vice-president I am going to send this note out from your treasurer with a recap of the December meetings as well as the most recent January meeting. The minutes from December will not be available right now, as we had some computer issues and need to redo them and officially accept them and then they can be posted.
During the December meeting, the board voted on, and approved the budget for 2024. The total operating expenses for 2024 are $69,736. This is a 2% increase over last year’s operating expenses. The reserve expenses planned for 2024 are $7400, down from $10,900 that were planned reserve expenses last year. The hope is that we can continue to save money in our reserve account for some possible larger projects in the future. In 2024 the board agreed to fund a replacement electrical panel in the pool area as one of its reserve expense projects. This project will cost approximately $5000. The board also held a special meeting in December and put together the ballot and the agenda for the annual meeting. At the last minute there were resignations on the board and additions to the ballot. This required the board to meet a third time early in January to finalize the ballot and the ballot procedures.
The results of the Special Emergency Meeting on January 4th were that the board would fill the two board vacancies, prior to the annual meeting which would leave two open positions for the 2024 ballot. The board has appointed Lynn Helferich to the one year vacancy and Wayne DeBus to the two year vacancy. This leaves three individuals, Michelle Bussiere, Karen Fleming and Ralph Whitney to fill the two open positions on this year’s ballot at this time. The ballot will be finalized January 25th and sent out to the community in an email blast January 27th. If there is anyone else interested in being on the ballot you should reach out to a board member and submit your name by January 25th. There will then be two weeks for people to vote either electronically, or on a paper ballot. Remember, one ballot per household.
At the regular meeting last week, the board set all the plans in motion for our annual meeting Saturday February 10th. There is a lot to share at this meeting and the board looks forward to lively discussions around hopes and plans for the future of Villa Monterey 3. Coffee hour starts at 10:00am on that Saturday and the meeting starts at 11:00am. See you all there.
Michelle Bussiere, Treasurer.
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