Treasurer’s Report, March 2019

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Written by Board Treasurer

On March 5, 2019

January Highlights

A rough start to 2019 on the revenue side, delinquencies by homeowners hit a 12-month high at 16%. This resulted in assessment revenues coming in -$21,000 under budget. On the plus side, operating expenses were managed very well, total operating expenses came in 15.7% under budget. Cash flows for the period showed a net increase of $75,552 as Lake Holiday starts the new year on solid financial ground.

Respectfully,
Jarret Tomalesky, LHCC Treasurer

 

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