~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Financial statement that was issued at the 2011 Annual Business meeting of the Pine Plateau Home Owners Association.
PINE PLATEAU
INCOME STATEMENT
19 JUNE 2010 - 14 JUNE 2011
Bank Balance 19 June 2010 $9,464.26
Income
Dues collected - $80 refund (2011) $10,240.00
Gate Keys $65.00
Fines $125.00
Interest $5.71
TOTAL INCOME $10,435.71
EXPENSES
Bank Charge $25.00
Insurance $1,151.00
Office supplies, postage, copies $492.78
Food for annual meeting $146.10
Annual report to state $10.00
Dumpster $1,437.22
Gate Keys $205.35
Snow Plowing $5,500.00
Members car stuck $100.00
Sign $120.75
Roads $900.00
Fence $1,421.83
Move Power pole $1,300.00
Tree Removal $360.00
TOTAL EXPENSES $13,170.03
Bank Balance 14 June 2011 $6,729.94
CHECKS WRITTEN
19 June 2010 to 14 June 2011
TO DATE AMOUNT FOR
Moreton and Company 24-Jun $335.00 Insurance
Dean Layton 24-Jul $372.60 Mileage, copys, Office supplies, postage, food annual meeting.
Clarence Jones 12-Jul $11.19 Copies, annual meeting
Dave Andrus 14-Jul $65.00 Food annual meeting.
Clarence Jones 8 Aug. $911.83 Fence purchase from Murdocks-Eva.
Alpine lock and safe 8 Aug. $205.35 Gate Keys
Mark Brown 8 Aug. $510.00 Pound fence posts.
Dave Andrus 8 Aug. $1,300.00 Move power pole (Bridger Elect.)
Clarence Jones 30 Aug. $10.00 State of Utah annual report.
Mark Brown 6 Sept. $360.00 Tree Removal for snow plowing
Wyoming Waste Services 6 Sept. $252.52 Dumpster
Mark Brown 16 Sept. $900.00 Road Base
Dave Eyre 16 Sept. $120.75 Sign
Mark Brown 16 Sept. $2,700.00 Snow Plow 2010-2011
Wyoming Waste Services 13 Oct. $505.04 Dumpster Oct-Jan
Clarence Jones 8 Nov. $54.64 Stamps, envelopes Nov 2010 mailing
Talli Andrus 24 Nov. $100.00 Snow Plowing
Wyoming Waste Services 8 Jan. $5.54 Dumpster
Clarence Jones 25 Jan. $81.81 Mail Dues letters
Wyoming Waste Services 11 Feb. $133.04 Dumpster
Moreton and Company 11 Feb. $816.00 Insurance
Tom Kunz 18 Feb. $80.00 Refund overpayment of dues
Robert Evans 28-Feb $100.00 Snow removal for members veh.
Wyoming Waste Services 9 Mar. $267.08 Dumpster
Dean Layton 3-May $42.46 Copies, members letters.
Clarence Jones 3-May $11.18 Postage, cert. letters regarding dues
Wyoming Waste Services 9-May $274.00 Dumpster
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Financial statement that was issued at the 2011 Annual Business meeting of the Pine Plateau Home Owners Association.
PINE PLATEAU
INCOME STATEMENT
19 JUNE 2010 - 14 JUNE 2011
My questions and comments. Monday, June 20, 2011.
Bank Balance 19 June 2010 $9,464.26
Income
Dues collected - $80 refund (2011) $10,240.00
Gate Keys $65.00
Fines $125.00
Interest $5.71
TOTAL INCOME $10,435.71
EXPENSES
Bank Charge $25.00
Insurance $1,151.00
We have been involved in a law suit in which the insurance that we had is providing excellent coverage. I haven't seen the new policy but I've been told that it was designed to cover past, present and future board members from civil suits. This new policy needs to be reviewed by the new Board of Directors to see if it is really needed. My understanding was that as long as the covenants were followed, that the Board members would be covered, maybe that's the problem.
Office supplies, postage, copies $492.78
I only remember getting two letters this year, one for the dues and one for the meeting. I think there are 78 current members, times that by two, does that sound like a lot of stamps to you. I hope whatever supplies that were left over go to the new secretary.
Food for annual meeting $146.10
Annual report to state $10.00
Dumpster $1,437.22
How does a dumpster that was rented by a member for his family find its way into our budget? That's a lot of money for a service that only benefits a few, plus whomever is driving past and wants to use it. When I was on the Board we actually looked at renting one, we decided that it was too expensive, it was cheaper then. I never have minded hauling out what I haul in.
Gate Keys $205.35
Snow Plowing $5,500.00
The covenants, section 515. Road Regulations, part D. "There will be no snow removal on the roads within the boundaries of the Estates". We are currently in a law suit with a member who violated the covenants, so how does the Board intentionally violate the covenants? And in doing so cost us $7,160.00. If for some reason we decide to plow the roads next year the covenants need to be modified to cover that action. Expenses like that really need to be voted upon by the members. Just as a side note. There was another bid for snow removal, their bid was $5500.00.(which is what we paid anyway) This company is licensed with Summit County and insured. I asked them recently to drive through Pine Plateau and tell me what they thought. This is a quote from their email to me "He did immense damage to the surrounding environment for sure and yes we could have avoided that, we had a plan in place to save the trees and plant life".
Besides violating the covenants, we are incorporated, doing business with individuals who don't have a business license probably violates some of the Summit County ordinances, and in doing so, we are taking business away from companies that are licensed and insured and pay local taxes which benefits all of us.
Members car stuck $100.00
Why would we pay someone to pull a members car out of the snow? The only reason I can think of is that the person plowing the roads buried the car....but if they were licensed and insured it should have been taken care of by them.
Sign $120.75
Roads $900.00
I would still like to know what roads, and when it was done. They wrote the check in September, I was up there through October and never saw any new road base.
Fence $1,421.83
Move Power pole $1,300.00
This one falls under the winter plowing and widening the roads. I know where the pole was and the road there was a little narrow. Driving through the estates and taking photos of the downed trees there were several areas that were less the 10-12 feet wide and the plowing seemed to be managed just fine. I would really like to see a receipt from this one.
Tree Removal $360.00
TOTAL EXPENSES $13,170.03
Bank Balance 14 June 2011 $6,729.94
CHECKS WRITTEN
19 June 2010 to 14 June 2011
TO DATE AMOUNT FOR
Moreton and Company 24-Jun $335.00 Insurance
Dean Layton 24-Jul $372.60 Mileage, copys, Office supplies, postage, food annual meeting.
The Bylaws, Section 4.4 " Compensation, probably covers the mileage, but it's the first time I ever heard anyone asking for it. There have been a lot of miles driven by board members over the years and no one has ever asked for mileage.
Clarence Jones 12-Jul $11.19 Copies, annual meeting
That's reasonable.
Dave Andrus 14-Jul $65.00 Food annual meeting.
Clarence Jones 8 Aug. $911.83 Fence purchase from Murdocks-Eva.
I know this one is true. I was there, poles and fencing.
Alpine lock and safe 8 Aug. $205.35 Gate Keys
Keys used to cost us $10.00 a piece so this should have purchased 20 keys.
Mark Brown 8 Aug. $510.00 Pound fence posts.
I was there with them that day, that was all of the poles on the north end of Pine Plateau
Dave Andrus 8 Aug. $1,300.00 Move power pole (Bridger Elect.)
Clarence Jones 30 Aug. $10.00 State of Utah annual report.
Mark Brown 6 Sept. $360.00 Tree Removal for snow plowing
This should never have been done.
Wyoming Waste Services 6 Sept. $252.52 Dumpster
Mark Brown 16 Sept. $900.00 Road Base
Dave Eyre 16 Sept. $120.75 Sign
This one I know is good. The board asked me to design and purchase a "no trespassing sign". Its mounted on the gate in the Northwest corner of Pine Plateau.
Mark Brown 16 Sept. $2,700.00 Snow Plow 2010-2011
Wyoming Waste Services 13 Oct. $505.04 Dumpster Oct-Jan
Clarence Jones 8 Nov. $54.64 Stamps, envelopes Nov 2010 mailing
Talli Andrus 24 Nov. $100.00 Snow Plowing
This one needs an explanation…
Wyoming Waste Services 8 Jan. $5.54 Dumpster
Clarence Jones 25 Jan. $81.81 Mail Dues letters
Wyoming Waste Services 11 Feb. $133.04 Dumpster
Moreton and Company 11 Feb. $816.00 Insurance
Tom Kunz 18 Feb. $80.00 Refund overpayment of dues
Mr. Kunz thought that he needed to pay extra dues for the part of the right of way that he had purchased
Robert Evans 28-Feb $100.00 Snow removal for members veh.
Wyoming Waste Services 9 Mar. $267.08 Dumpster
Dean Layton 3-May $42.46 Copies, members letters.
Clarence Jones 3-May $11.18 Postage, cert. letters regarding dues
Wyoming Waste Services 9-May $274.00 Dumpster
Total amount paid to violate the covenants by widening the roads and plowing was $7,160.00.
Total for office supplies was $492.78. In the five years that I was the secretary, with the same number of mailers, and the same number of members. I don't think I spent that much money in both terms. But stamps were two cents cheaper then....
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Pine Plateau Finances.
Sunday, June 05, 2011
Finances are always a topic at the annual meetings. Last year the board raised our dues to $80.00 per lot. That gives them a budget of $10,160.00 per year for maintenance and projects. Below is a document dated 1 October 2010 from the Treasurer.
Cash on hand:
Money Market $882.00
Checking $551.00
Total $1433.00
Expected expenses to 1 April
Widen roads $700.00
Dumpster ($126x7) $882.00
Equipment usage $900.00 ($700-$1200)
Snowplow $2700.00
Insurance $362.00
Snowplow mailing $65.00
Dues mailing $65.00
Web Site $???
Total $5674.00
Expected expenses 1 April 2011 to 1 April 2012
Dumpster (126x12) $1512.00
Snowplow $5400.00
Insurance $362.99
Web site $???
Mailings $130.00
Summer meeting lunch $100.00
Chipper 4 days $900.00
Fence to south boundary $600.00
Roadwork $2700.00
Total $11,704.00
Money shortfall to 1 April 2012
Cash on hand $1,433.00
Dues coming 2011 $7,300.00
Expenses till 2012 dues $17,378.00
Shortfall $8,645.00
The rest of the document was just mathematic equations stating what the budget would be by raising the dues to higher amounts.
My opinion:
With snowplowing and the dumpster, we have increased fixed expenses $6900.00. There was a discussion about raising the dues up to $130.00 per lot. That even falls short of what they need.
The way I read this, with the current expenditures, we will have to raise the dues again. I have some real problems with some of these items.
Document dated 24 Feb. 2011 From the Treasurer
Fixed Expenses
Dumpster $1,596.00
Insurance $816.00
Web site $
Annual Report $10.00
Total $2,422
Still owing snowplow +$2,700
$5,122.00
Optional Expenses
Mailings (each) $80.00
Summer meeting $150.00
Electric Gate??/month $
Snowplowing?? $
Dues (127x$80.00) $10,160.00
# lots =127
# cabins =50
------------------------------------------------------------
My opinion: I have some real questions concerning almost everyone of these items.
#1. Does the amount of money being spent benefit the majority of pine plateau members?
#2. Can the president justify the money that has been spent? What did we get for our money?
#3. I don't like these generic financial reports. I don't think there is any question that the treasurer has kept track of our money, but I would like see who that money was paid to, and did we get the best deal for our money.
I had two pages of questions, but in reality, the board members responsible for this budget are being replaced and the money has already been spent. I hoping these new board members will look at the overall picture and not just the needs of a few.
PPE Finances
PINE PLATEAU ESTATES
2013
BUDGET EXPENDITURES
Date # Payee Purpose Amount
1/16/2013 272 Craig Silotti Office Supplies, Fedex Office-Copies $70.01
USPS-Postage
2/15/2013 273 Cincinnati Ins. Liability Ins. Jan . and Feb. $505.00
3/20/2013 274 Craig Silotti Office Supplies $15.00
DEQ Copies, Annual Dues Letters
3/29/2013 Cincinnati Ins. Liability Ins. March $238.00
4/17/2013 276 Dave Andrus(225) Snow Removal $500.00
4/17/2013 275 Matheson and Peshell Legal Fees, Covenants $835.77
4/23/2013 Cincinnati Ins. Insurance $263.00
5/17/2013 Cincinnati Ins Insurance, May $238.00
6/5/2013 277 Mark Brown Road Base $3,500.00
6/25/2013 Cincinnati Ins Insurance, $238.00
8/6/2013 278 Eric Mander Off. Supplies, plaque, annual meeting $200.29
refreshments
8/7/2013 Cincinnati Ins Insurance, $238.00
9/10/2013 Cincinnati Ins Insurance $501.00
10/1/2013 279 Eric Mander Office Supplies, copies, stamps,
envelopes $120.23
10/2/2013 Cincinnati Ins. Insurance $238.00
10/10/2013 Cincinnati Ins Insurance $238.00
10/17/2013 Matheson and Peshell Legal fees, covenant
work $2000.00
11/13/2013 Dave Andrus(225) Snow Removal $650.00
11/13/2013 Cincinnati Ins. Insurance $238.00
12/5/2013 280 Craig Silotti Office, business renewal $20.00
12/11/2013 Cincinnati Ins. Insurance $238.00
Total $10,499.30
Office Supplies $425.53
Insurance $3,173.00
Legal Fees $2,835.77
Snow Removal $1,150.00
Road Base $3,500.00
Total Expenditures for 2013 $11,084.30
Annual Budget $10,160.00
Legal costs for the new covenants $10,940.77
This does not include the office supplies or mailing costs.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PINE PLATEAU ESTATES
2012
BUDGET EXPENDITURES
Date # Payee Purpose Amount
1/11/2012 254 Craig Silotti Business renewal/stamps $18.80
3/14/2012 255 Craig Silotti Office, business renewal/stamps $67.15
Labels, envelopes, copies
3/20/2012 256 Cincinnati Insur. Insurance $1,405.00
4/5/2012 257 Matheson and Peshell Legal fees, covenant work $3,355,00
4/18/2012 258 Robert Evans(305) Snow emoval. $300.00
4/18/2012 259 Dave Andrus(225) Snow Removal $300.00
6/20/2012 261 Eric Mander Office supplies, stamps, envelopes$172.83
6/20/2012 262 Craig Silotti Office supplies, stamps $40.50
6/20/2012 260 Eric Hale Office supplies, copies, CCR's $254.31
7/11/2012 263 Cincinnati Insur. Insurance $1,480.00
7/18/2012 265 Eric Mander Annual Meeting refreshments $71.74
7/18/2012 264 Alpine lock and safe Gate keys $207.15
10/19/2012 266 Eric Hale Office Supplies $234.00
11/1/2012 267 Matheson and Peshell Legal fees, covenants $1,500.00
12/4/2012 269 Eric Mander Office supplies, stamps, envelopes $233.42
12/4/2012 270 Matheson and Peshell Legal fees, covenants $750.00
12/17/2012 271 Dave Andrus Snow Removal $500.00
Total Expenditures for 2012 $10,889.90
Office Supplies $1,021.01
Insurance $2,885.00
Legal Fees $5,605.00
Snow Removal $1,100.00
Annual Meeting $71.74
Gate Keys $207.15
Total $10,889.90
Annual Budget $10,160.00
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PINE PLATEAU ESTATES
2011
BUDGET EXPENDITURES
Date # Payee Purpose Amount
1/8/2011 Wyoming Waste Systems Dumpster $5.54
1/25/2011 Clarence Jones Office, mailings $81.81
2/11/2011 Wyoming Waste Systems Dumpster $133.04
2/11/2011 Moreton and Company Insurance $816.00
2/28/2011 Robert Evans(305) Snow Removal, stuck member $100.00
3/9/2011 Wyoming Waste Systems Dumpster $267.08
3/9/2011 Mark Brown Snow Removal $2,700.00
5/3/2011 Dean Layton Office supplies, stamps $42.46
envelopes, copies
5/3/2011 Clarence Jones Office supplies, certified $11.18
letters.
5/9/2011 Wyoming Waste Systems Dumpster $274.00
6/18/2011 Dave Andrus Landscape, Chipper rental $479.50
8/11/2011 Craig Silotti for: Wyoming Waste Systems -
Dumpster $137.00
8/11/2011 Office Business License $15.00
Gate Keys $202.15
8/11/2011 Wyoming Waste Systems Dumpster $136.63
8/24/2011 Zions Bank Print checks $20.50
9/9/2011 Harold Biggs Key lock box $124.00
9/19/2011 Reimbursement from Insurance company Minus $2030.92
11/23/2011 252 Matheson and Peshell Legal fees, covenants $2500.00
12/14/2011 253 Randy Birch Legal fees, covenants and $2,077.21
law suit
Total $8,092.18
Dumpster $953.29
Office Supplies $170.95
Lockbox/Keys $326.15
Legal Fees $2,546.29 with the $2030.92 reimbursed by the law firm.
Insurance $816.00
Snow removal $2,800.00
Landscape $479.50
Total Expenditures for 2011 $8,092.18
Annual Budget $10,160
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PINEPLATEAUESATES.COM
This web site is owned and operated by Owner of lot #410 in Pine Plateau
Any questions about the web sitemembers can contact me at E-Mall:
oldairforceguy@yahoo.com