With the first four months of 2012 wrapped up, the board thought it would highlight some financial events of the first third of the year.
We signed up with a new liability insurance company, Chubb and kept the cost the same as last year vs. an $8,000 increase from our former agent State Farm. In addition we increased insurance coverage in some areas. We also paid the bill for the entire year upfront saving us from finance charges of about $1,000
We signed up with a new landscaping company saving money and increasing services from last year.
We increased our contribution to our deferred savings accounts
We got totally lucky and didn’t spend a dime on snow removal
We took about 2/3 of the snow amount budgeted and bought new pool furniture
We have a CD from Smith Barney coming due in early May and are looking to find a bank to pay us decent interest rates, with the closing of the CD we will not have any more funds on deposit at Smith Barney, this will save us about $450 in fees per year.
We will discuss this and other financial highlights and have detailed financials available at the community meeting on May 26th. We will also be glad to answer any questions you may have that evening. In addition, if you have any question at any time please feel free to contact the treasurer at edwardfortunato@gmail.com and he would be happy to discuss any questions you may have.
