KACA Board Meeting May 16, 2015

KACA Board Meeting May 16, 2015

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Category : 2015 , Board Meeting , General

Board Meeting Key Allegro Condo Assoc.
May 16, 2015

The meeting was called to order 9:00

Present were Jim Stech, Clint Hilton, LaRetta Allen

Jim discussed the current budget. Mistakes in the monthly budget will be corrected before disseminating the budget to the members.

We are over year to date budget due to factors beyond our control—double vent wall pipe was required when chimney caps were replacef; chimney covers; excessive wood rot behind the meter boxes which needed replacement; unexpected windstorm inspections required to maintain insurance.

Last year’s insurance premium was $122; this years premium $128 without flood insurance premiums. Getting elevation certificates saved us a lot of money on flood insurance premiums last year ($25,000).

The proposed budget for 2015-016 was discussed. While not certain, it appears painting the units may have to wait until the 2016-2017 fiscal year.

We discussed the annual meeting and its agenda.

LaRetta made a motion; Clint seconded to allow Tara at Johnson & Cate to sign checks

The meeting adjourned at 10:30. Respectfully submitted:
LaRetta Allen, Secretary