Hidden Harbor

Hidden Harbor Owners’ Association, Inc.
Minutes of the Budget Meeting
held on October 24, 2013 at 6:00 P.M.
in the onsite Clubhouse

1. Call to Order & Establishment of Quorum:
The meeting was called to order by President Richard Kleinhans at 6:00 pm.  Vice President Bill Allen, Directors Mary Dillon, Frank Carotenuto and Butch VanGraafeiland were also in attendance. Sec/Treasurer Sam Bovalino and Ken Lewis attended via the conference phone.  Richard Marquis and Bob Philbrook were not able to attend.   Three (3) unit owners attended along with Kathy Watts from Dragon Property.  With a quorum of Board members established, the meeting continued.  

2  Proof of meeting notice:  Kathy stated that the meeting notice was mailed to all owners and properly posted.

3. Approval of Minutes from the April 25, 2013 Board Meeting:
Bill Allen made a motion to approve the minutes of April 25, 2013 as written. Butch VanGraafeiland seconded the motion and it passed by unanimous voice vote.  

4.    Financial Report – Sam Bovalino:
Kathy reported for Sam that as of September 30, 2013 the Association has $23,006.31 in the Operating account and $270,623.66 in Reserves.  The Association is in good shape and all bills are paid. 

5.    Discussion from audience regarding the 2014 Budget:
Questions from the owners were answered and the Association acquired an updated appraisal in 2013.  

6.    Board Approval of the 2014 Budget:
Frank Carotenuto made a motion to approve the 2014 Budget as presented.  The fees will be $381 for a 2 bedroom and $430 for a 3 bedroom.  Bill Allen seconded the motion and it passed by unanimous voice vote.  

7.    Unfinished Business: 
 The parking lot was resealed and the association may consider purchasing plastic car stops instead of the concrete next time.

8. New Business:

9.    Schedule date for next meeting:
The next meeting of the Association will be November 21, 2013 at 6:00pm and the Annual Meeting is scheduled for Wednesday, January 22, 2014 at 6:00pm.   

10.    Adjournment:
With no further business to discuss, Bill Allen made a motion to adjourn the meeting at 6:25 p.m.  Mary Dillon seconded the motion and it passed by unanimous voice vote. 

Respectfully submitted,

Kathy Watts, CMCA, LCAM 
Community Association Manager
Dragon Property Management