the holidays

The board of Island Gate, wishes all our neighbors a joyous, healthy, happy holiday season and the same for the New Year.  As always we appreciate our neighbors and the interest they show in our community.   Be well and enjoy

Review of the 2017 financials

Without getting into specifics, we received our unaudited financials as of 11-30-2016, if you have more specific questions please feel free to ask about them or see the financials.  

   

Our cash position easily provides enough to prepay the insurance in 2018 which saves us more than $1,000 in interest charges a year. 

Our assets mostly in cash have hit a new record.  All our cash in in banks in CDs or money markets

We funded all 12 months of Reserve Funding and Deferred Maintenance in 2017. 

We were a little over budget was in line with expectations in 2017. 

Our collections issues are de minimus

We are in the process of planning projects for 2018, if you have any thoughts and ideas please feel free to contact a board member

And if you have any questions on the financials please contact me Ed Fortunato

Snow magnets for our garage doors

Each home in the community has been given an orange magnet here is a reminder for what to do with the magnet, during the winter season. 
The magnet is to be placed on your garage door, the upper part of the door, when snow is predicted and you would like to have your property cleared of snow first.  This will allow our snow contractor to prioritize their work schedule based on the needs of the homeowner.       

The magnet is to be removed by the homeowner once their property has been cleared of snow.  The magnet is not to be left on the door all winter. Damage to the metal garage door will result when the magnet is left attached for an extended period of time.  Any damage resulting from the extended placement of the magnet is the sole responsibility of the homeowner.  Any magnet found on a door when snow is not in the forecast will result in a violation and removal of the magnet and loss of priority privilege. 

Please let us know if you have any questions, comments etc.