Last night the Inverness Forest Association held its annual meeting. Three seats (each for a three year term) needed to be filled. The only incumbent running, Sal Presti, was elected. Two residents, Stephanie Cooperstein and Evan Foster, agreed to run for the remaining two seats and were elected. The board now has all nine seats filled.
The four pages of charts and tables are in the PDF file at this link:
http://www.box.net/shared/8j0em3hhrx
If you have any comments or questions, please click on the "comment" link below or send me an email.
A brief commentary on the report follows:
Page 1: This is a line-by-line comparison of the operations spending to date and the corresponding budget projection for the year to date. The bottom line (literally) is that we are about $3400 under budget. So far, so good.
Page 2: This is the 2010 budget that was attached to the announcement for the annual meeting.
Page 3: A pie chart based on the previous table and showing the major areas of operations spending expected for 2010.
Page 4: A graph of the capital reserves level over the past decade. As can be seen, we've done a good job or rebuilding the capital reserves over the past few years. The board has established a goal of $1000 per household as the reserve requirement. We are now just about at that target. To put this goal in perspective, the three separate years of special assessments to pave about 50% of our community (2006 -2008) raised a total of $1050 per household.
Harvey
ifatreasurer@mac.com
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