Our operating expenses through July continue to track our budget well. We are slightly over budget, about $1,000.<\/p>\n
Lower than expected utility and administrative expenses have helped to offset higher-than-planned grounds expenses (mulch). Additionally, we have spent about $9,000 in long term maintenance dollars to repair our tennis courts and to sand blast the swimming pool. These dollars will eventually come from our reserves, which currently total about $320,000. To date, our cash flow has been sufficient to fund both of those expenses. The Board is currently reviewing bids from two vendors to perform a reserve study. This study will help us to better identify, quantify and plan our future infrastructure costs. The results will feed into a long-term capital plan and allow us tobetter estimate and manage future capital requirements. We expect to complete the study in the September-October timeframe and will share with you the results at our annual meeting in December. – Lincoln May<\/p>\n","protected":false},"excerpt":{"rendered":"
The Board is currently reviewing bids from two vendors to perform a reserve study. This study will help us to better identify, quantify and plan our future infrastructure costs.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-757","post","type-post","status-publish","format-standard","hentry","category-lark"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/meadowhill.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/meadowhill.net\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=757"}],"version-history":[{"count":1,"href":"https:\/\/meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/757\/revisions"}],"predecessor-version":[{"id":758,"href":"https:\/\/meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/757\/revisions\/758"}],"wp:attachment":[{"href":"https:\/\/meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}