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The News at IImperiiall Gollf Estates

May 2011 Issue 05-11

IMPERIAL GOLF ESTATES HOMEOWNERS ASSOCIATION INC.

IGEHOA PLATINUM PROPERTY

MANAGEMENT Property Manager: Marc Berman Platinum PM Fax

596-1031 596-1082

Email: MBerman@PlatinumPM.net

GIB GATEHOUSE Voice Mail: GIB Gatehouse Fax: IGEHOA Website: www.IGENaples.Info WebMaster: Mshields@platinumpm.net 597-2005 597-1069

THE BOARD 2011 Pres. Harlan Dam harlandam@gmail.com V.P. Michele Korri

596-3114

304-6340

mkorri@comcast.net Sect. Ed Lindsay

431-5950

elindsay1@comcast.net

Highlights ofApr 28, 2011 BOD Meeting:- Those present were President Dam, Vice President Korri, Treasurer Neff, and Directors Grubb, and McCauley. Also in attendance was Property Manager Marc Berman from Platinum Property Management, Imperial Golf Estates Superin- tendent Mark Thieme and five residents. A quorum was present. Absent: Secretary Lindsay and Director Frost

Review of Minutes:–The Apr 28, 2011 meeting minutes of the Board of Directors were approved as distributed.

Treasurer's Report: (Treasurer Bob Neff)– Financials and Special Assessment– April 30, 2011

Operating Cash Reserves Total Cash & Re

serves

$134,008 (Iberia) $114,921 (Shamrock Bank) $350,029

Accounts Receivable

$350,239

(Special Assessment $250,152)

Treas. Bob Neff

598-9893

neffimperial@comcast.net

Dir. Debbie Frost Deb@DebFrost.com Dir. Will Grubb Grubb40@gmail.com

514-0214

513-9288

Dir. Jim McCauley

405-2206

Total Current Assets

$740,660

Total Current Liabilities

$97,279

Long Term Liabilities

$216,020

($98,745Shamrock Loan)

Total Equity

$467,678

jkmccauleyinsurance@hotmail.com

COMMITTEE CHAIRPERSONS:

ARB - Michele Korri mkorri@comcast.net Security - Will Grubb Grubb40@gmail.com

304-6340

513-9288

Visit your neighborhood website at:

http://www.igenaples.info

GIB PROPERTY MANAGER Gulf Breeze Management

Treasurer’s Comments: For the Month ending April 30, 2011, Imperial HOA had a operating surplus of $7128 and for the year to date we recorded a surplus of $6296. The surplus represents the amount that we are operating over what we have budgeted. Most expense items are under budget with the exception of newsletter expenses versus income and a jump in legal expenses. This is to be expected due to the seasonal slowdown in ads and somewhat higher expenses (we have been running rule inserts each month). We had a one-month increase in Legal Expenses due to the more aggressive stance that we have taken regarding outstanding uncollected fees and fines.

Michelle Pacitto

498-3311

1

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