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Point Aquarius POA Annual Meeting
 

Point Aquarius POA Annual Meeting

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Powerpoint from annual meeting http://pointaquarius.com

Powerpoint from annual meeting http://pointaquarius.com

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    Point Aquarius POA Annual Meeting Point Aquarius POA Annual Meeting Presentation Transcript

    • POINT AQUARIUSPROPERTY OWNERS ASSOC.ANNUAL MEETING2012 April 28, 2012
    • PRESIDENT’S REPORT• THANKS for being here today!• A special “thanks” to the 2011Board of Directors• We look forward to workingwith the 2012 Board 2012 POA Annual Meeting
    • PRESIDENT’S REPORT• Drought presented many challenges - for roads - for tree removal - for ramp repair - for marina repair• Improvements in Communicating with Assoc. Members - New, improved website - Email Blasts Register thru the website or with the POA office 2012 POA Annual Meeting
    • PRESIDENT’S REPORT•• Playground Committee - Committee Members Needed - Donations Needed - Funds will be dedicated only to playground equipment 2012 POA Annual Meeting
    • INTRODUCTIONS• Steve Durham - Owner Investment Management Co.• Jeri Harness - our Property Manager Investment Management Co.• Bryan Fowler - our attorney The Fowler Law Firm 2012 POA Annual Meeting
    • TREASURER’S REPORT THRU DEC 2011 Budget Report % Actual to Budget 2011 Budget 2011 Actual Difference with 100% of Year Complete IncomePOA Total 755,650 750,876 -4,774 99.4%Section 5 Amenities Total 10,870 8,303 -2,567 76.4%Section 7 Marina Total 31,990 31,842 -148 99.5%Total Income $798,510 $791,021 -$7,489 99.1%    Expenses        POA Total 738,149 782,955 44,806 106.1%Section 5 Amenities Total 15,960 7,247 -8,713 45.4%Section 7 Marina Total 22,200 23,059 859 103.9%Total Expenses $776,309 $813,261 $36,952 104.8% 2012 POA Annual Meeting
    • TREASURER’S REPORT THRU DEC 2011 Cash 12/31/10 12/31/11Bank Accounts     POA 286,285 234,663 Section 5 Amenities 24,141 27,314 Section 7 Marina 43,313 59,578Cash in Bank $353,739 $321,555 Less Liabilities -35,450 -19,700 Less Contingency Fund (15% of Expense Budget) -107,879 -116,446Available Cash $210,410 $185,409 2012 POA Annual Meeting
    • TREASURER’S REPORT THRU DEC 2011 Prior Years Comparison 2009 2010 2011 Income 851,121 848,415 791,021 Expenses -789,060 -789,584 -813,261Difference $62,061 $58,831 -$22,240Note: Records are available for inspection by Members when requested in writing. A request form is available at the office. 2012 POA Annual Meeting
    • TREASURER’S REPORT THRU MARCH 2012 Budget Report % Actual to TOTAL POA 2012 Budget 2012 Actual Difference Budget with 25.0% of Year Complete Income        POA Total 742,850 610,369 -132,481 82.2%Section 5 Amenities Total 8,370 6,476 -1,894 77.4%Section 7 Marina Total 31,840 30,818 -1,022 96.8%Total Income $783,060 $647,663 -$135,397 82.7%    Expenses        POA Total 737,904 113,902 -624,002 15.4%Section 5 Amenities Total 8,025 1,667 -6,358 20.8%Section 7 Marina Total 34,565 7,554 -27,011 21.9%Total Expenses $780,494 $123,123 -$657,371 15.8% 2012 POA Annual Meeting
    • TREASURER’S REPORT THRU MARCH 2012 Cash Flow ProjectionBank Accounts         POA 707,035   Section 5 Amenities 32,123   Section 7 Marina 82,843Total Checking/Savings $822,001 2012 POA Annual Meeting
    • TREASURER’S REPORT THRU MARCH 2012 Additional Receipts    POA 132,481    Section 5 Amenities 1,894    Section 7 Marina 1,022 Total Additional Receipts     $135,397 2012 POA Annual Meeting
    • TREASURER’S REPORT THRU MARCH 2012Additional Payments           POA -624,002   Section 5 Amenities -6,358   Section 7 Marina -27,011 Sub Total -$657,371   Liabilities -18,300Total Additional Payments     -$675,671 2012 POA Annual Meeting
    • TREASURER’S REPORT THRU MARCH 2012Cash       $281,727Contingency Fund ($780,494 x 15%) -$117,074Available Cash in Bank at 12/31/12   $164,653 2012 POA Annual Meeting
    • MANAGER’S REPORT….POA/COLLECTIONS• We are keeping on top of PAST DUE assessments. Since this time last year, we have collected: - $572,010.00 for 2012 assessments - $ 78,794.00 in prior years assessments• 10 residents taken to small claims court andjudgments received•3 judgments from last year paid off to facilitateproperty sale•$7,200.00 collected in property transfer fees 48 parcels changed hands this is down 50% from the prior year  2012 POA Annual Meeting
    • MANAGER’S REPORT….POA/COLLECTIONS• THANKS to all volunteers who helped with ballots and envelopes stuffing• Many changes to the rules andregulations for HOAs in Texas• Copies of changes affecting our By-Laws are in your ballot packet - Call the POA office next week with any questions.  2012 POA Annual Meeting
    • MANAGER’S REPORT….DEED RESTRICTIONS New Violations 397 Cleared Violations 359 Registered Letters 100 $ 50.00 fines 21 $100.00 fines 8 $150.00 fines 3 $200.00 fines 1 $250.00 fines 1 $300.00 fines 0 2012 POA Annual Meeting
    • MARINA COMMITTEE REPORT….PEGASUS BOAT RAMP • 2011 Water Levels kept boating to a minimum • Looking forward to a GREAT 2012 boating season with lake nearly at pool • Pegasus Boat Ramp Repair - Lake level receding caused major damage - 30 feet of the ramp removed and replaced - High density fill used below pavement and side footings - We project 30+ years of service from the new ramp - New cross-bracing added to the dock; restained - We will reposition NO WAKE buoys for swim area 2012 POA Annual Meeting
    • MARINA COMMITTEE REPORT…..SECTION 7 MARINA• The Section 7 Marina is open for business• Project List for 2012 - Repair and upgrade electrical service to the docks - Make repairs caused by low water levels as needed - Power wash and re-stain docks - Re-position NO WAKE buoys - Paint the marina sign and tower 2012 POA Annual Meeting
    • NEIGHBORHOOD WATCH COMMITTEE• Meetings in 2011 showed very little interest• Will try again before school is dismissed for summer 2012 POA Annual Meeting
    • ROADS REPORT … PAST BUDGET YR• Major activity was the repair/replacement of the outbound side of PA Blvd.• Drought necessitated many emergency repairs (for example, Aries Loop)• Projects completed so far this budget year: - Pavement drop on P.A. Blvd. between Antares and Lyra - Sagittarius West near the sewer treatment plant – pavement failure - PA Blvd. at Gemini to replace the asphalt in the median andconcrete the intersection to level up the roadway 2012 POA Annual Meeting
    • ROADS REPORT … UPCOMING PROJECTS•Projects currently under bid and/orbudget review: - PA Blvd and Antares – Level up and replace the intersection - PA Blvd and Constellation Cir – Road failure to Constellation Cir - Cygnus Ct - repair the tee - Gemini – road surface failing and curb/gutter drop - Sagittarius E – approximately 80 feet of road failure• Priority will be given based on safety and long-term value of repairs• Consistent rainfall would be helpful! 2012 POA Annual Meeting
    • POOLS REPORT• No significant issues with either pool this past year• Routine maintenance continued. A few warranty issues handled.• Issues delayed due to budget constraints - Resurfacing of the Pegasus pool - Repairing the deck of the Constellation Cir pool (An estimate 3 years ago was $27K) 2012 POA Annual Meeting
    • COMMONS & BEAUTIFICATION REPORT• TreeGators around median trees at the entrance during drought• New island in kitchen at Community Center• Replaced exterior of PA tower by Pegasus boat ramp• Fences around both pools repaired & painted• Replaced 30 wax myrtles at entrance 2012 POA Annual Meeting
    • COMMONS & BEAUTIFICATION REPORT • Sprayed ponds for Alligator Weed • Maintenance of flower bed • Pick up after your dog!’ signs • Mowing contract is being reviewed 2012 POA Annual Meeting
    • TREE REMOVAL• 61 trees removed from the commons area• Next allotment of trees being removed now 2012 POA Annual Meeting
    • ARCHITECTURAL CONTROL COMMITTEE May 1, 2011 thru April 30, 2012 Since Last Aprils Meeting, 66 Projects have been submitted, 25 of those in 2012.     New Homes   12    Home Additions 2    Storage Facilities 5    Fences 19    Boat Houses/Docks 1    Pools/Spas 3    Decks/Patios14 10    Driveways 7    Miscellaneous   7                          2012 POA Annual Meeting
    • ARCHITECTURAL CONTROL COMMITTEEStatus of Projects                     Completed     50    Not Started 3    Under Construction 11    Rejected 0    Expired (over 1 year)   2                    2012 POA Annual Meeting
    • 2012 POA Annual Meeting
    • 2012 POA Annual Meeting
    • 2012 POA Annual Meeting
    • 2012 POA Annual Meeting