| Compiled by Lucy Fried and Patrick Comiskey The April Board of Directors meeting had a slim agenda with only three resolutions to consider, and they passed all three. The resolutions and other topics discussed include a lien, an audit, protecting archival blueprints and documents, operating funds, and letters submitted to the Board for consideration. BABY OWL “The crows alerted me that this taloned fluff was in a small tree just outside our door.” Karen Bragg, 4/21/23, Court 14 |  |
Resolutions
First was a lien. Next was a proposal to spend up to $2,000 for supplies to protect and store hundreds of blueprints and other documents related to Village Green’s construction and history.
Then, the Board accepted the 2022 VG Audit conducted by Creighton Tevlin, C.P.A. (Each year, the Village Green’s Owner Association is obliged to execute an audit of its financial reports from the previous year and convey the results to homeowners.) He reported that, “… the financial statements present fairly, in all material respects,” i.e., the reporting is accurate and sound.
Ensuring FDIC Protections on Operating Funds
During the financial reporting, it was noted that at certain times, it is difficult to keep operating cash below the federal government’s $250,000 insured threshold. Board treasurer Claire Knowlton proposed a solution using Sweep accounts – FDIC insured, high-earning reserves accounts linked to checking accounts. Funds automatically transfer into Sweep as needed, while maintaining high interest earning rates.
Letters
The Board received seven letters, including several about fee waivers for Clubhouse usage. The directors did not find agreement on that subject and tabled it.
Another letter expressed concern about this year’s tree trimming during bird-nesting season. Because of the large number of trees marked as high priority by the arborist, Operations Manager Sherri Giles said it was necessary this year but did not expect it to happen again next year.
First was a lien. Next was a proposal to spend up to $2,000 for supplies to protect and store hundreds of blueprints and other documents related to Village Green’s construction and history.
Then, the Board accepted the 2022 VG Audit conducted by Creighton Tevlin, C.P.A. (Each year, the Village Green’s Owner Association is obliged to execute an audit of its financial reports from the previous year and convey the results to homeowners.) He reported that, “… the financial statements present fairly, in all material respects,” i.e., the reporting is accurate and sound.
Ensuring FDIC Protections on Operating Funds
During the financial reporting, it was noted that at certain times, it is difficult to keep operating cash below the federal government’s $250,000 insured threshold. Board treasurer Claire Knowlton proposed a solution using Sweep accounts – FDIC insured, high-earning reserves accounts linked to checking accounts. Funds automatically transfer into Sweep as needed, while maintaining high interest earning rates.
Letters
The Board received seven letters, including several about fee waivers for Clubhouse usage. The directors did not find agreement on that subject and tabled it.
Another letter expressed concern about this year’s tree trimming during bird-nesting season. Because of the large number of trees marked as high priority by the arborist, Operations Manager Sherri Giles said it was necessary this year but did not expect it to happen again next year.
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