Thursday, December 21, 2017

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