Friday, October 26, 2018
Dear Neighbors,
The Board has unanimously approved the Proposed Budget for 2019. We wanted to make sure everyone has a copy prior to our annual meeting.
We look forward to seeing many of you at our Annual HOA Meeting
Monday, November 12th from 7pm to 8pm at The Falls Apartments Clubhouse. Remember your children are welcome and we will have light snacks as well. If you cannot be there please fill out this proxy form:
| University Estates Home Owners Association
P.O. Box 582 |
Proxy Form
I Appoint the following to vote in my absence on any matter to come properly before the association meeting on 11/12/18, 7pm |
| Owner Name _____________________________________
(Whom will NOT be present) |
PRINT Name of Proxy Holder (who will vote on your behalf below)
___________________________________________ |
| Owner Address ___________________________________
(Whom will NOT be present) |
Sign ______________________________________ |
| Date ______________________________________
Please Sign, Date and Return this Proxy Form Promptly! Thank you! Text Image to (434) 284-3066 Email Image to [email protected] |
We will have opportunities for others to serve on our board so we do look forward to seeing changes ahead with fresh minds!
Best,
Kelly White
President of University Estates HOA
| University Estates HOA Proposed Budget 2019 | |||||
| Sources of Income | |||||
| Lots | 107 | ||||
| Dues | $225.00 | ||||
| Total Dues | $24,075.00 | ||||
| Allowance for Bad Debt | $(4,092.75) | ||||
| Total Income | $19,982.25 | ||||
| Expenses | |||||
| Legal | $5,000.00 | ||||
| Office Expenses & Mailings | $300.00 | ||||
| Corporation Taxes – Fed and State | $500.00 | ||||
| Accounting Service | $1,300.00 | ||||
| Directors & Officers Insurance | $900.00 | ||||
| Landscaping Service | $4,100.00 | ||||
| New Residents Gifts | $250.00 | ||||
| Community Safety Projects | $3,000.00 | ||||
| Short Term Liabilities | $1,632.25 | ||||
| Community Events | $500.00 | ||||
| Total Expenses | $17,482.25 | ||||
| Net Income | $2,500.00 | ||||
| 2019 Projected Cash Flows – UEHOA | |||||
| Cash @12/31/18 | 50 | [A] | |||
| Cash Provided by Operating Activities | |||||
| Net Dues Collected | $19,982.25 | ||||
| Total Net Cash Provided | $19,982.25 | [B] | |||
| Uses of Cash | |||||
| Net Change Accounts Payable | $- | ||||
| Net Change Loans from Homeowners | $- | ||||
| Operating Expenses | $17,482.25 | ||||
| Total Uses of Cash | $17,482.25 | [C] | |||
| Projected Cash Balance @12/31/19 | $2,550.00 | [A]+[B]-[C] | |||