We are continuing to track our 2010 operating budget very well. Through August, our expenses are right on plan.
While we deliberately spent more than originally planned on tree removals, we have been able to offset that with some reduced maintenance costs. We continue to make monthly contributions to our reserve fund, which now totals approximately $400,000. However we will be using about $20,000 of those funds in October to pay for some needed clubhouse repairs. The board has hired Tedone Building and Remodeling to make some roof repairs. Work is expected to begin in early October and, weather permitting, should be completed in about two weeks. – Lincoln May