Tag: budget

Annual meeting scheduled for March 2

Canyon South 1

Homeowners are invited to attend the HOA’s annual meeting on Saturday, March 2 at 10 a.m. at Demuth Park community center, 3601 E. Mesquite Ave. Note the location has changed from prior years.

Homeowners should check their mail for an envelope containing official voting instructions and a ballot for electing directors. While we have three candidates for three positions, please mail in your ballot whether or not you plan to attend the meeting. Your vote helps meet the required meeting quorum. If a quorum is not achieved, it will be necessary to call a second meeting at additional expense to the Association.

The current board secretary, Michael Pagliaro, is running for a second term on the board. Gary Manchester and Linda Seymour are seeking their first terms. Nominations have closed. The current president, Chuck Mendenhall, and treasurer, Rosanne Kumins, are leaving the board as of the end of the meeting on March 2. Directors Carl Toland and Jeff Welsh remain on the board for another year.

At the meeting, the HOA’s director of elections will tabulate, certify and announce the election results. The current board will report on the HOA’s budget and financial forecast, recap  last year’s events, and look ahead at major programs scheduled for the coming year. The new directors will hold an organizational meeting, electing officers.

Any homeowners who did not receive a ballot or need to replace a spoiled ballot should call our community manager, David Schuknecht at Personalized Property Management, 760-325-9500.

Annual Meeting 2018: President’s Report

Canyon South 1

The annual meeting was held on February 10, 2018. Reports from the Board and good discussion from the residents helped outline events planned for the upcoming months. This newsletter highlights the remarks made at the meeting.

Election Results: The Director of Elections, Carolyn McDonald ably assisted by David Lamski, announced that the necessary quorum had voted. Two board members were elected: Carl Toland and write-in candidate Dennis Turrone.

President’s Remarks: During the past summer, signage was replaced in each cul de sac entrance. These new signs will be augmented, as requested by residents, to include the range of house numbers in each and, where necessary, additional lighting. Two major projects will be scheduled in the coming months. A protective slurry coat will be applied to the asphalt which was installed 4 years ago. The other major project will be preventive work to the flat portions of our roofs. The roofs will be cleaned, patched where necessary, and resprayed with a sun/uv protective coat. This is required every 10 years or so, and it protects the foam from deteriorating. Residents will be advised when the work is scheduled for their area.

Both of these projects are part of our regular maintenance schedule. Funding comes from our Reserve Account. Both projects are major expenditures amounting to approximately $125,000. The Board will continue to manage the Reserve Account to ensure its adequacy and will, of course, notify residents if additional contributions are necessary in the future.

—Chuck Mendenhall

November 2016 treasurer’s report

Canyon South 1

Report from Rosanne Kumins

At this time, we have seen only two months of spending in the operating budget of the current fiscal year, and we are on target with the budget.  Thus, I am hopeful that our expenditures during the next 10 months will be in line with our full-year budget.

One of the larger annual expenditures in the operating budget is for earthquake insurance. Some good news this year is that this premium did not increase. However, on the opposite side of the ledger, we are hearing some public discussion about a sharp rise in the cost of water and other utilities, all of which may impact our budget, but it is too early to make any predictions.

Canyon South 1 HOA also has a budget for long term asset replacements called the reserve fund. Dollars are set aside each month for items such as asphalt, stucco, painting, pools and equipment, roof repair, and other related infrastructure items. Each month $7,624 or approximately 27% of your monthly homeowner maintenance fees are contributed to this reserve. The concept behind this reserve fund, is to make possible major improvements without special assessments. This year for example, the east pool and spa were completely resurfaced. Each year the Board of Directors conducts a review, with the assistance of a reserve specialist, to determine the adequacy of the fund. A summary of the study is then included with the annual packet of HOA materials distributed to homeowners every June.