August 13, 2022 Meeting Minutes

Annual Meeting and Picnic - 8/13/2022
Members present:

Approximately 40 residents attended.
The meeting was called to order by President Christine LaPense at 2:45pm.

The Holiday party will be on Saturday, January 7th at 188 South Shore. Details to be announced later. President LaPense then gave the floor to The Silvermans.

The Board had an impromptu meeting before the Picnic because a nominating committee had not been chosen to find candidates for this years election. Joanne Silverman, June Estock, Christian LaPense and Sherri Mitchell will search for candidates to fill the President, Vice President and Webmaster roles. The vote will be postponed until September 15, 2022. A paper ballot will be mailed to each household of the association and members can drop them off at the Truitt mailbox (1420 Elkforest Rd. ).
The Treasurer’s report was presented by the Treasurer, Patty Truitt. It is attached below.

Treasurer’s Report 

CHECKING ACCOUNT
Begin year checking account balance$ 7,562
Since August 1, 2021 the activity was as follows:
Prior year dues collected $1,445
Current year dues$5,525
Transfer from CD$1,500
Cash Inflow $ 8,470

106 properties were billed in June, through 7/31, 59% of residents have paid.
As of 8/12, 65% have paid

Expenditures during the year:
Last year annual meeting $ 517
Spring clean up $ 54
Web Site $ 15
Office supplies $ 166
Mosquito Spraying
o 2022 contract$8,750
o 2021 Credit$ - 316
Cash outflow$ 9,186

End year checking account balance $ 6,846

CD’s
Fulton Bank - 18 mos 7/21/23 0.45%$18,595.51
Fulton Bank - 12 mos 8/6/2022 0.15%$ 4,051.86
Fulton Bank - 12 mos 3/172023 0.15%$ 4,511.31
End year CD’s balance$ 27,159
Total Funds – Checking & CD’s$ 34,005
Despite the increased cost of spraying, we did not raise the dues but supplemented the payment to Kirkwood with a transfer of $1,500 from the CD’s.

Mosquito spraying increased this year 9% over last year with spraying to continue into October if needed. The start up of spraying was slow due to all the rain we had in April and June, so once confirmed, we should receive a credit some time in the late fall of this year.

The President reiterated to please call Delmarva if the power goes out so they will have a better idea of the outage size. That includes internet service.

The President asked for any questions. Fred was questioning the size of the mosquito sprayer pump. He felt it wasn’t being optimized. The President will follow up with the Mosquito Spraying service.
The meeting ended at 3:10pm.

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