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Powerpoint from annual meeting http://pointaquarius.com
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POINT AQUARIUS PROPERTY OWNERS ASSOC. ANNUAL MEETING2012
April 28, 2012
PRESIDENT’S REPORT
2012 POA Annual Meeting
• THANKS for being here today!
• A special “thanks” to the 2011 Board of Directors
• We look forward to working with the 2012 Board
PRESIDENT’S REPORT
2012 POA Annual Meeting
• Drought presented many challenges
- for roads- for tree removal- for ramp repair- for marina repair
• Improvements in Communicating with Assoc. Members
- New, improved website - Email Blasts
Register thru the website or with the POA office
PRESIDENT’S REPORT
2012 POA Annual Meeting
• • Playground Committee
- Committee Members Needed- Donations Needed- Funds will be dedicated only to playground equipment
INTRODUCTIONS
2012 POA Annual Meeting
• Steve Durham - Owner
Investment Management Co.
• Jeri Harness - our Property ManagerInvestment Management Co.
• Bryan Fowler - our attorney The Fowler Law Firm
TREASURER’S REPORT THRU DEC 2011
2012 POA Annual Meeting
Budget Report
2011 Budget 2011 Actual Difference% Actual to Budget with 100% of Year
Complete
Income
POA Total 755,650 750,876 -4,774 99.4%
Section 5 Amenities Total 10,870 8,303 -2,567 76.4%
Section 7 Marina Total 31,990 31,842 -148 99.5%
Total Income $798,510 $791,021 -$7,489 99.1%
Expenses
POA Total 738,149 782,955 44,806 106.1%
Section 5 Amenities Total 15,960 7,247 -8,713 45.4%
Section 7 Marina Total 22,200 23,059 859 103.9%
Total Expenses $776,309 $813,261 $36,952 104.8%
TREASURER’S REPORT THRU DEC 2011
2012 POA Annual Meeting
Cash
12/31/10 12/31/11
Bank Accounts
POA 286,285 234,663
Section 5 Amenities 24,141 27,314
Section 7 Marina 43,313 59,578
Cash in Bank $353,739 $321,555
Less Liabilities -35,450 -19,700
Less Contingency Fund (15% of Expense Budget) -107,879 -116,446
Available Cash $210,410 $185,409
TREASURER’S REPORT THRU DEC 2011
2012 POA Annual Meeting
Prior Years Comparison
2009 2010 2011
Income 851,121 848,415 791,021
Expenses -789,060 -789,584 -813,261
Difference $62,061 $58,831 -$22,240
Note: Records are available for inspection by Members when
requested in writing. A request form is available at the office.
TREASURER’S REPORT THRU MARCH 2012
2012 POA Annual Meeting
Budget Report
TOTAL POA 2012 Budget 2012 Actual Difference% Actual to
Budget with 25.0% of Year Complete
Income
POA Total 742,850 610,369 -132,481 82.2%
Section 5 Amenities Total 8,370 6,476 -1,894 77.4%
Section 7 Marina Total 31,840 30,818 -1,022 96.8%
Total Income $783,060 $647,663 -$135,397 82.7%
Expenses
POA Total 737,904 113,902 -624,002 15.4%
Section 5 Amenities Total 8,025 1,667 -6,358 20.8%
Section 7 Marina Total 34,565 7,554 -27,011 21.9%
Total Expenses $780,494 $123,123 -$657,371 15.8%
TREASURER’S REPORT THRU MARCH 2012
2012 POA Annual Meeting
Cash Flow Projection
Bank Accounts
POA 707,035
Section 5 Amenities 32,123
Section 7 Marina 82,843
Total Checking/Savings $822,001
TREASURER’S REPORT THRU MARCH 2012
2012 POA Annual Meeting
Additional Receipts
POA 132,481
Section 5 Amenities 1,894
Section 7 Marina 1,022
Total Additional Receipts $135,397
TREASURER’S REPORT THRU MARCH 2012
2012 POA Annual Meeting
Additional Payments
POA -624,002
Section 5 Amenities -6,358
Section 7 Marina -27,011
Sub Total -$657,371
Liabilities -18,300
Total Additional Payments -$675,671
TREASURER’S REPORT THRU MARCH 2012
2012 POA Annual Meeting
Cash $281,727
Contingency Fund ($780,494 x 15%) -$117,074
Available Cash in Bank at 12/31/12 $164,653
MANAGER’S REPORT….POA/COLLECTIONS
2012 POA Annual Meeting
• We are keeping on top of PAST DUE assessments. Since this time last year, we have collected:
- $572,010.00 for 2012 assessments - $ 78,794.00 in prior years assessments
• 10 residents taken to small claims court and judgments received
•3 judgments from last year paid off to facilitate property sale
•$7,200.00 collected in property transfer fees48 parcels changed hands
this is down 50% from the prior year
MANAGER’S REPORT….POA/COLLECTIONS
2012 POA Annual Meeting
• THANKS to all volunteers who helped
with ballots and envelopes stuffing
• Many changes to the rules and regulations for HOAs in Texas
• Copies of changes affecting our By-Laws are in your ballot packet - Call the POA office next week with
any questions.
MANAGER’S REPORT….DEED RESTRICTIONS
2012 POA Annual Meeting
New Violations 397Cleared Violations 359Registered Letters 100$ 50.00 fines 21$100.00 fines 8$150.00 fines 3$200.00 fines 1$250.00 fines 1$300.00 fines 0
MARINA COMMITTEE REPORT….PEGASUS BOAT RAMP
2012 POA Annual Meeting
• 2011 Water Levels kept boating to a minimum
• Looking forward to a GREAT 2012 boating season with lake nearly at pool
• Pegasus Boat Ramp Repair- Lake level receding caused major damage- 30 feet of the ramp removed and replaced- High density fill used below pavement and side footings- We project 30+ years of service from the new ramp- New cross-bracing added to the dock; restained- We will reposition NO WAKE buoys for swim area
MARINA COMMITTEE REPORT…..SECTION 7 MARINA
2012 POA Annual Meeting
• The Section 7 Marina is open for business
• Project List for 2012
- Repair and upgrade electrical service to the docks
- Make repairs caused by low water levels as needed
- Power wash and re-stain docks
- Re-position NO WAKE buoys
- Paint the marina sign and tower
NEIGHBORHOOD WATCH COMMITTEE
2012 POA Annual Meeting
• Meetings in 2011 showed very little interest
• Will try again before school is dismissed for summer
ROADS REPORT … PAST BUDGET YR
2012 POA Annual Meeting
• Major activity was the repair/replacement of the outbound side of PA Blvd.
• Drought necessitated many emergency repairs (for example, Aries Loop)
• Projects completed so far this budget year:- Pavement drop on P.A. Blvd. between Antares and Lyra- Sagittarius West near the sewer treatment plant – pavement
failure- PA Blvd. at Gemini to replace the asphalt in the median and
concrete the intersection to level up the roadway
ROADS REPORT … UPCOMING PROJECTS
2012 POA Annual Meeting
- PA Blvd and Antares – Level up and replace the intersection- PA Blvd and Constellation Cir – Road failure to Constellation Cir- Cygnus Ct - repair the tee- Gemini – road surface failing and curb/gutter drop- Sagittarius E – approximately 80 feet of road failure
• Priority will be given based on safety and long-term value of repairs
• Consistent rainfall would be helpful!
• Projects currently under bid and/or budget review:
POOLS REPORT
2012 POA Annual Meeting
• No significant issues with either pool this past year
• Routine maintenance continued. A few warranty issues handled.
• Issues delayed due to budget constraints
- Resurfacing of the Pegasus pool- Repairing the deck of the Constellation Cir pool
(An estimate 3 years ago was $27K)
COMMONS & BEAUTIFICATION REPORT
2012 POA Annual Meeting
• TreeGators around median trees at the entrance during drought
• New island in kitchen at Community Center
• Replaced exterior of PA tower by Pegasus boat ramp
• Fences around both pools repaired & painted
• Replaced 30 wax myrtles at entrance
COMMONS & BEAUTIFICATION REPORT
2012 POA Annual Meeting
• Sprayed ponds for Alligator Weed
• Maintenance of flower bed
• Pick up after your dog!’ signs
• Mowing contract is being reviewed
TREE REMOVAL
2012 POA Annual Meeting
• 61 trees removed from the commons area
• Next allotment of trees being removed now
ARCHITECTURAL CONTROL COMMITTEE
2012 POA Annual Meeting
May 1, 2011 thru April 30, 2012
Since Last April's Meeting, 66 Projects have been submitted,
25 of those in 2012.
New Homes 12
Home Additions 2
Storage Facilities 5
Fences 19
Boat Houses/Docks 1
Pools/Spas 3
Decks/Patios14 10
Driveways 7
Miscellaneous 7
ARCHITECTURAL CONTROL COMMITTEE
2012 POA Annual Meeting
Status of Projects
Completed 50
Not Started 3
Under Construction 11
Rejected 0
Expired (over 1 year) 2
2012 POA Annual Meeting
2012 POA Annual Meeting
2012 POA Annual Meeting
2012 POA Annual Meeting