TREASURERS REPORT MARK WARD November 11, 2017 HARBOR COVE - PowerPoint PPT Presentation

HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION 2017 AN ANNUAL ME MEETI TING TREASURER’S REPORT MARK WARD November 11, 2017

HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION 2017 AN ANNUAL ME MEETI TING HOW DO YOU PRONOUNCE THE FOLLOWING WORD? EXACTLY WHAT DOES IT MEAN? NICHE

HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION 2017 AN ANNUAL ME MEETI TING HOW IS THE ANNUAL BUDGET DETERMINED? PROJECT # WEEKS ANTICIPATED PAYMENT REVIEW CURRENT EXPENDITURES REVIEW ANTICIPATED NEW EXPENDITURES DEVELOP BUDGET ENTIRE BOARD REVIEWS AND THEN APPROVES

HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION 2017 AN ANNUAL ME MEETI TING WHAT IS INCLUDED IN THE BUDGET? ALL VARIABLE EXPENSES ALL FIXED EXPENSES FIGURED ONLY TO COVER COSTS-LITTLE EXCESS FUTURE SPENDING PROJECTS NOT INCLUDED IN ANNUAL OPERATING BUDGET

Revenue

Expenses

HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION 2017 AN ANNUAL ME MEETI TING Expenses / 2018 Budget Variable $28,000 (21%) Semi Fixed Variable $10,904 (8%) $94,475 (71%) Based on 245 paid weeks

HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION 2017 AN ANNUAL ME MEETI TING IMPACT OF ACTIVE WEEKS SOLD ON MAINTENANCE FEES $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 265 Weeks 255 Weeks 245 Weeks 235 Weeks 300 Weeks Fixed / Semi Variable Variable

HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION 2017 AN ANNUAL ME MEETI TING HOW ARE EXPENDITURES MONITORED? MANAGER OPERATES WITHIN LIMITS SUBMITS DETAILED MONTHLY REPORTS TREASURER REVIEWS AND KEEPS RECORDS TREASURER MONITORS BANK ACCOUNTS TREASURER REPORTS RESULTS TO BOARD TREASURER REPORTS ANNUALLY TO ASSOCIATION

HARBOR COVE TIMESHARE OWNERS’ ASSOCIATION 2017 AN ANNUAL ME MEETI TING IN CONCLUSION T A N S T A A F L