Report 2018

WEKIVA GOLF VILLAS HOMEOWNERS’ ASSOCIATION, INC.
PO Box 915501
Longwood, Florida  32791-5501

ANNUAL MEETING
January 31, 2019

Treasurer’s Report for Calendar Year 2018

There was no increase in the 2018 Annual Assessment.  Due to certain circumstances, the capital improvements of (i) increase in exterior lighting coverage, (ii) roof replacement and (iii) pool deck replacement have been postponed until 2019.  The Board continued to focus on the goal of control of operating costs and maintaining the value and safety of our pool and common area.

Maintenance (multiple lock repairs) and other repairs (including pressure cleaning, tree limb removal) were $902 ($98 under budget).

In 2018 the Association incurred minimal legal fees and costs of $67.14.

The Association made the next payment of $803.00 for the D & O insurance policy (a three-year insurance policy from January 6, 2017 through January 6, 2020).  The cost of the Calendar Year 2018 Property insurance policy was $2,387.

On July 26, 2018, the Association renewed its CD for one year.  The next interest payment was scheduled for January 2019.

The Association had no non-payments or homes in foreclosure at the end of 2018.  Although collection of dues from owners was generally good, from time to time the Association is dealing with past due accounts.  The Association will 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 Association had a net gain in 2018 as a result of no new projects.  The 2018 Financial Statement will be prepared by the Association’s accountant and will be available upon request.  Attached is the 2018 operating statement, which is summarized below:

Income:	$23,019.00
Expenses:	$16,611.00
Net Gain/Loss:	$6,408.00
Cash and Reserves Adjusted as of 12/31/2018:	$37,221.78

Prepared by Patrice Burke, WGVHA Treasurer, January 26, 2019

Attachment to Treasurer’s Report:
2018 operating statement