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SAN CATALDA2018 PRESIDENTS REPORT
Presented By Your Board Of DirectorsShelly Hill, President; Marcus Dittman, Treasure; Steven Tinajero, Secretary
It has been my privilege to serve as your Board President and I thank you for the opportunity.
Shelly Hill, President
San Catalda HOA
Note: All financial information contained in this report is approximate and used for information purposes only. To review San Catalda financial
documents, contact Sharp Management.
Welcome New Community Members
2018
March - Ari Orenstein Unit 9
April - William Salazar / Crystal Salazar Unit 5
June - Michelle Baylor / Melody Baylor Unit 14
October - Sean Olsen Unit 3
October - Syvilla Fields Unit 20
2019
January - Kiyoko Yokokawa - Unit 22
2018 Highlights and ChallengesHighlightsRepair, paint and seal Gym balcony. Includes removing wood fascia - February
Reserve Study completed by Barrera & Company - February
Started new Recycling program with city of Los Angeles - March
Renegotiated AT&T contract for lower cost - April
Painted all 4 lobby walls, base molding and doors, paint and seal 2nd and 3rd
floor walkway and landings on both stairwells – May
Installed vertical blinds in Gym – June
Installed photo cell timer for common area lighting – September
ChallengesPlumbing leaks continue to occur.
Violation with Fire Dept. requires confirmation and documentation. Will require updating our current pull stations to code. Working with Fire Dept. to verify specific requirements.
Account Balances For 2018
Operating account average is ~$5,600.
Reserve account at year end $43,437
Delinquencies consistently decreasing. One account remains delinquent. One account consistent on payment plan.
We continue to make great strides in our financial health, bringing our operating account to industry standard average and increasing our reserve account.
(*Note – $4000 on deposit with LADWP is included in our reserve funding)
Administrative
Board member attended Community Association Institute (CAI) speaker events Vendor introduction – April How to Avoid Litigation Speaker event – October 2018 Legislative Update – January 2019
Board member completed on line webinar training with Association Reserves for: Reserve Study Basics The Component List Financial Analysis The Funding Plan
Review and monitor governing documents Establish Realtor Guidelines Update Association Corporate Status Update Rule Enforcement Procedures Establish Gym Liability Waiver Form
Maintain San Catalda HOA website
Spending by Category
Largest percentage spent on Maintenance, Utilities and Insurance
Utility Comparison
An overall decrease in utilities by almost 10%. The most significant decrease is water of 42% decrease. Refuse Service increased due to the mandatory change implemented by the city in February 2018 of a 95% increase.DWP cost increase expected for 2019
20172018
2018 Electric Usage
Electric usage includes elevator
2018 Water Usage
Water usage significantly lower. We have stayed in the Tier 1 rating.
We must continue to stay on top of all leaks and address them as soon as possible to mitigate water costs
2018 Gas Usage
Common area gas usage is for hot water and gas dryers. Highest Average daily cost in Mar = $9.27. Lowest Average daily cost in Oct = $5.56.
Average Monthly Therms used 196Average Monthly Cost $214.00
Increase In Vendor Costs 2012 - 2018
All Vendors increased fees with most significant Refuse Contract
Maintenance Spending
Yearly Maintenance completed in 2018Roof inspection, maintenance and repairHydro jet all horizontal lines in garageSteam clean and inspect all trash chutes. Steam clean trash bin and areaPower wash garage floor
Reserve Maintenance costs from Reserve Account and are for maintenance and repair of major components. Details on next slide.Plumbing maintenance and repair continues to be high. Details on slide below.Details of General and Other Maintenance on slide below
Reserve Maintenance Spending
Solar Timer installed in courtyardPaint Project included:
Paint all lobby'sPaint and seal all walkwaysPaint and seal stair landings
Installed new blinds in the GymRepaired Gym balcony including paint and seal. Removed wood fascia from balcony front.Down Payment on new Gym Equipment
Maintenance: Plumbing
This amount includes 6 payments for the laundry room plumbing repairs.
General and Other Maintenance
Annual Maintenance and repair for trash chute, garage power wash, roof inspection and repair, fire extinguisher inspection and backflow test.
Purchased new folding chairs for use in gym
Locksmith replacement keys Drywall repairs