Hi There:

 

The Resident Board Members (Jerry McQuaid, Karen Pacifico and I) share the responsibility of drafting updates to the residents.  Below is a summary of the October 15, Board Workshop.  Please pay particular attention to the schedule at the end of the e-mail regarding the presentation of the 2005 Budget and the Revised 5 Year Plan at the next Finance Committee Meeting and the listing of the major agenda items for the October Board of Directors' Meeting.

 

 

I    In the absence of Board President Ken Hull, the meeting was presided over by Vice President Jerry McQuaid.

 

 

I I  Kim Burgess, the Community Association's Controller presented a financial overview through September.  The results through September show the following:

 

The Homeowners Association reflects a year-to-date deficit of $91,000.  Any deficit incurred by the Association until year-end is subsidized by the developer per its agreement with the Community.

 

The golf operations reflect a year-to date deficit of $133,000, or $46,345 after depreciation.    Any deficit in golf operations is advanced to the golfing community by the developer per its agreement.

 

IV  Proposed revisions to the Traffic Enforcement Policy were discussed and will be presented to the residents at the October Board of Directors' meeting scheduled for Thursday, October 28, at 10 AM, in Pinckney Hall. These include proposed rules regarding speeding, parking, driving without proper license or registration, and failure to obey other basic traffic regulations. 

 

V   A revised Golf Refund Policy applicable in the case of illness or death, and recommended by the Golf Advisory Committee and Association management was discussed. The proposed revised policy, will be presented to the residents at the October Board of Directors' meeting on Thursday, October 28, at 10 AM, in Pinckney Hall.

 

VI  Proposed revisions to the nominating and election rules that apply to the election of Resident Board Members were discussed.  The proposal was submitted by Al Reuben and Clint Young, Chairs of the 2004 Nominating and Election Committees respectively and will be presented to the residents at the October Board of Directors' meeting on Thursday, October 28, at 10 AM, in Pinckney Hall. 

 

VII A schedule for reviewing changes to our Community Rules and Regulations (CC&R's)was discussed.  The proposed changes will be presented to the residents at the January 2005 Board Meeting.

 

Because of the importance of the items on October's Finance Committee Agenda and October's Board of Director's Agenda, please allow me to restate the following--

 

FINANCE COMMITTEE MEETING

Thursday, October 21, 8:30 AM, Pinckney Hall

 

Agenda:  Presentation of Sun City Community Association 2005 Budget

               Presentation of Sun City Community Association 5 Year Plan 

 

 NOTE:  This is an open meeting and time has been allotted for questions from the residents.

 

BOARD OF DIRECTORS' MEETING

Thursday, October 28, 10 AM, Pinckney Hall

 

Agenda:   

In addition to the general business Executive Director's Report, Committee Reports, advisory of the Consent Agenda) that will be transacted, the following items will be discussed and voted upon--

              The 2005 Budget and 5 Year Plan

              Proposed Revisions to Traffic Rules

              Proposed Revisions to Golf Refund Policy

              Proposed Revisions to Board Nominating and Election Rules

 

NOTE:  This is an open meeting and time has been allotted for questions from the residents.