Report 2011

Wekiva Golf Villas Homeowners Association, Inc.
PO Box 915501, Longwood, FL 32791-5501
Annual Meeting April 18, 2012
Treasurer’s Report for Calendar Year 2011

With no increase in 2011 Annual Assessment, the Board recognized reduced operating costs through selective repairs, receipt of past due assessments, and the switch to Richart Landscaping. This resulted in income exceeding expenses by $3,656, and these funds will be applied towards the 2012 capital expenditure to resurface the pool deck.

We had no non-payments or homes in foreclosure at the end of 2011, and we continue to follow the late payment collection policy from past years, as authorized in the Association Articles of Incorporation; Declaration of Covenants, Conditions and Restrictions; and Bylaws. The Board shall refer all debt collection for payments 30 days past the due date to the Association’s attorney, with all applicable legal fees and expenses billed to the homeowner.

The 2011 Financial Statement has been prepared by our accountant and is available upon request. Attached is the 2011 operating statement, which is summarized below:

Income: $20,375
Expenses: $16,720
Net gain/loss: $3,656
Cash and Reserves as of 12/31/2011: $33,168

Prepared by Elaine Curran WGVHA Treasurer April 03, 2012