Annual Meeting Annual Meeting 2011 2011 2011 2011 The Landings Association, Inc. F b February 22, 2011 22 2011
2010 Association President 2010 Association President 2010 Association President 2010 Association President John F. Sobke John F. Sobke
Agenda Agenda Agenda Agenda � Approve Minutes of 2010 Annual Meeting � Approve Minutes of 2010 Annual Meeting � 2010 and 2011 Boards of Directors � Volunteer of the Year � Volunteer of the Year � 2010 Year In Review – President’s Report � 2010 Financial Report 2010 Fi i l R t � TLCo Report � 2011 Projects � Questions
Approval of the Minutes of the A l f th Mi t f th 2010 Annual Meeting
2010 Board of Directors 2010 Board of Directors � John Sobke, President � Lorraine Boice Vice President � Lorraine Boice, Vice President � Jim McInerney, Treasurer � Jim Rich, Secretary Jim Rich Secretary � Chuck Beck � Dick Dent � Lou Molella � Jim Scott � Gerry Von Bargen y g � Gary Bross, Ex-Officio
Reti ing Di ecto s Reti ing Di ecto s Retiring Directors Retiring Directors Dick Dent Dick Dent Gerry Von Bargen Gerry Von Bargen
Retiring Ex Officio Officio Gary Bross Gary Bross Reti ing E
Officio Officio 2011 Ex Officio Ex Officio John Sobke John Sobke 2011 E E 2011 2011
2011 2011 B B Board of Directors Board of Directors d d f Di f Di t t � Jim McInerney, President Jim McInerney, President � Jim Rich, Vice President � Milly Pitts-DiCicco, Treasurer Milly Pitts DiCicco, Treasurer � Chuck Beck, Secretary � Lorraine Boice Lorraine Boice � Dan DeGood � Gary Herrman Gary Herrman � Lou Molella � Jim Scott Jim Scott � John Sobke, Ex-Officio
2010 Volunteer of the Year 2010 Volunteer of the Year 2010 Volunteer of the Year 2010 Volunteer of the Year Don McCulloch � Has led the task force to eradicate more than 2,000 noxious tallow trees noxious tallow trees � Has encouraged volunteers with 34 appointed to this committee for 2011 � “He has been the ‘Jaws’ of the Chinese Tallow Tree Project.” � “Don’s tireless leadership and good humor has kept “D ’ ti l l d hi d d h h k t us (the Tallow Terrors) on track for over 10 months, with no end in sight.” with no end in sight.
2010 Year in Review 2010 Year in Review
O Our Vision Vision We continue to be the most We continue to be the most desirable private, residential community in the coastal Southeast Southeast.
Our Vision is attained through a focus on these th Enduring Principles � Effective and financially sound governance � Sustaining the beauty of our natural g y developed environment � Fostering a connected and caring g g community � Effective marketing of The Landings g g � Powerful internal and external communications
What did your Association y do in 2010? What did you get for y g $4 per day?
Good Shape Financiall Good Shape Financially � Through sound and responsible management, equity increased by 4.6% to $11,405,559 � TLA has $3,873,000 in certificates of deposit as reserves � More on finances from the Treasurer More on finances from the Treasurer later
Accomplishments Accomplishments - 1 1 � Marsh Tower totally renovated and M h T t t ll t d d brought up to safety code � Delegal Tower reconstructed—further work under review by consultant � Deer Creek Bridge re-decked � 788 mail boxes & street signs repaired � 788 mail boxes & street signs repaired � 1,477 mail boxes & street signs repainted repainted
Accomplishments Accomplishments - 2 2 � 16,600 lineal feet of asphalt cart paths replaced with concrete � 213,196 square yards of roads repaved and 246 lineal 213 196 d f d d d 246 li l feet of curb repaired � Three vehicles replaced with fuel efficient vehicles � Three vehicles replaced with fuel efficient vehicles � Administration building roof replaced � Marshwood, Tidewater Square, and Oakridge irrigation systems were replaced
Accomplishments Accomplishments - 3 3 � F-650 truck repaired and tires replaced in F 650 truck repaired and tires replaced in lieu of complete scheduled replacement � Negative forklift purchase for Landings Negative forklift purchase for Landings Harbor; elevator eliminated and bulkhead reconfigured reconfigured � Lagoon Structure One reconstructed and repaired repaired � Emergency generators installed at Marshview Landings and Deer Creek Marshview Landings and Deer Creek
Accomplishments Accomplishments - 4 4 � Recycling plastics operation improved � Recycling plastics operation improved � 28,279 bales of pine straw delivered to residents; 7,919 bales installed residents; 7,919 bales installed � Community garden location finalized in cooperation with The Landings Club and p g Skidaway Audubon, Inc. � Landscape efforts sustained the attractiveness of p The Landings � Signage in the Village improved by Public Works g g g p y staff under contract with Village POA
Accomplishments Accomplishments - 5 5 � Street sweeping operation improved to be more efficient and cost effective � The Landings Journal format revamped to reduce publication costs and increase reduce publication costs and increase quality � 2011 Residential Directory continues to � 2011 Residential Directory continues to provide important information to the community community
Accomplishments Accomplishments - 6 6 � Partnering among the Club, the Company, and the Association led to greater cooperation and collaboration � Kane Commission reviewed governance issues leading to greater staff-to-staff coordination l di ff ff di i � Reorganization of Departments to meet d demands—staff reductions from 73 FTE to 69 d t ff d ti f 73 FTE t 69 reduced costs
Community Survey Results Community Survey Results Community Survey Results Community Survey Results � 94% of respondents agreed that “The services provided by TLA are a good value for the assessment provided by TLA are a good value for the assessment I pay”. � 96% of respondents are satisfied with overall Safety and Security Operations . � 96% of respondents are satisfied with overall appearance of TLA common property appearance of TLA common property . � 96% of respondents are satisfied with TLA’s overall customer service . � 96% of respondents are satisfied with internal communications . � 90% of respondents are satisfied with the Marinas . 90% M i f d t ti fi d ith th
I n S m I n Sum….. TLA i TLA is well positioned for the future ll iti d f th f t And that’s good because And that’s good because….
I n the Future…we must, as a , community, decide… � Whether to adopt the Georgia Property Owner’s Association Act � Whether to adopt a new set of Covenants � What the next three year assessment What the next three year assessment levels will be � What the best methods are to sustain an Wh t th b t th d t t i appropriate national marketing program
Man Many, many thanks man thanks � To Shari and the TLA staff � To the many volunteers on our � To the many volunteers on our committees � To the Board for diligent attention to duty To the Board for diligent attention to duty and for excellent service this past year � To Beth and Chuck for being great T B th d Ch k f b i t partners in cooperation and collaboration
2010 Treasurer Jim McInerney Financial Financial Report Report Report Report
The B dget P ocess The B dget P ocess The Budget Process The Budget Process � An Annual Process Beginning with Budget Assumptions g g g p � Departments Review � Capital Asset Management Plan � Life Cycle Replacement of $65M for Association Assets � Work Plans – Services, Projects, Staffing, Equipment, Work Plans Services Projects Staffing Equipment Programs � Prepare Departmental Budgets, Reviewed in Detail by p p g , y Board Members and Senior Staff � Department Budgets are Correlated to Board Priorities, the St the Strategic Plan, and Financial Capacity tegi Pl n nd Fin n i l C p it
The B dget P ocess The B dget P ocess The Budget Process The Budget Process Organization-Wide Operating Budget for Current Year and… � Six-Year Long Range Financial Plan and Annual Budget for the Year � � Developed to Account for Changes in Economic Conditions and � Developed to Account for Changes in Economic Conditions and Trends � Account for Board Priorities and Policies and Resident Survey Results Results � Reviewed and Approved by the Finance Committee and Board 2010 was Second Year of Three-Year Assessment Plan 2009 – 2011 � Budget Year 2011 is beginning of Long Range Plan 2011 - 2016 d 2 b f l 2 2 �
Where Do My Assessment Where Do My Assessment y Dollars Go? Dollars Go? 2010 2011 General Assessment $1,136 $1,190 Capital Reserves $132 $143 Roads and Cart Paths $192 $192 Total $1,460 $ , $1,525 $ ,
Overview of Financial Overview of Financial Components Components � Association Operating Fund � Association Reserve Funds � Association Reserve Funds � Marinas Operating Fund � The Landings Company Th L di C Resulting in Consolidated Statement of Revenues and Expenses p
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