Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Friday, January 27, 2017

2017 Financial Report

The 2017 Financial Report has been prepared and is available by logging into your Casa Bella account and clicking on "Documents" and then "click to expand" the Budget Section. Click on the file name "Manors 2017 Financial Report" and the PDF file will download to your computer.

The Financial Report includes a Balance Sheet Report as of Dec. 31, 2016 and also the 2017 summary budget.

Monday, August 29, 2016

Friday, November 6, 2015

Minutes of the 11-2-2015 Board Meeting



MANORS AT CENTRAL PARK
CONDOMINIUM ASSOCIATION

Minutes of the
Regular Meeting of the Board of Directors
November 2, 2015, 1:00 PM

(UNAPPROVED)
  1. Called to Order at 1:00 PM; Board members in attendance: Mike Grobbel, Larry Cybulski, Ray Swiderski; also in attendance: Mike O’Brien (Casa Bella).
  2. The Meeting Agenda was approved with no changes.
  3. The Board approved the minutes of the Special Meeting of March 17, 2015
  4. New Business
    1. 2016 Budget – the Board reviewed the proposed budget and adjusted selected amounts to provide additional funds for grounds repair & maintenance, tree/shrub maintenance, exterior wood repair and road maintenance.
    2. The Board approved the adjusted budget for 2016:
                                                    i.     Monthly Association Fees remain same as 2015
                                                   ii.     Total Income of $318,840 based on 127 total units
                                                  iii.     Total Operating Expenses of $286,358
                                                  iv.     Total contributions to Replacement Reserve Account of $31,884  
    1. The Board agreed to publish a  newsletter and discussed its content
    2. The Board reviewed and approved a Welcoming Letter with slightly different version to be sent to new buyers of:
                                                    i.     Newly constructed condos (Units 35-157)
                                                   ii.     Existing condos (Units 15-167)
                                                  iii.     Existing site condos (Units 1-14)
    1. Set date, time and place for 2016 Annual Membership Meeting
                                                    i.     Wed. Jan. 27, 2016
                                                   ii.     Sign-in begins at 6:30 p.m.; meeting begins at 7:00 p.m.
                                                  iii.     Board Room, Shelby Twp. Municipal Building
  1. Old Business – the Board discussed:
    1. Delinquencies
    2. Rental units
  2. Open Discussion – there were no items discussed
  3. Set next Board of Directors Regular Meeting date, time and place; the Board agreed
    1. to allow the president to call the next meeting
    2. that a meeting will probably be needed to be held in early January 2016
  4. The meeting was adjourned at 2:42 p.m.

Sunday, December 7, 2014

Winter 2014-5 Newsletter

Click here to read the Winter 2014-5 Newsletter that will be mailed to each co-owner during the coming week.

It contains important information regarding the transition from Kramer-Triad to Casa Bella, the 2015 Budget, the recent sale of the vacant lots and the appointment of Ruehle's Towing to remove "unauthorized vehicles" that are improperly parked on our streets and access drives.

UPDATE: We apologize for the quality of the copying of the front page of the newsletter.  Here is the text that appears in the feature box on the right side of the page.

Merry Christmas and Happy New Year!
 - - -

The Board of Directors hopes everyone has a happy and safe holiday season.

Please take care to avoid any possible damage to your outdoor lighting and extension cords during snow removal operations by routing them away from the sidewalks and driveways.

All exterior holiday decorations and lighting must be taken down as soon as possible in January.

Units 16 through 167 have exterior garage light bulbs that are the property of the Association.  These are energy-saving LED bulbs that cost about $11 each and those residents who have removed them to use holiday colored bulbs must reinstall the LED bulb in January.

recent Board of Director Meeting Minutes

Here are the minutes of the Board of Directors meetings that were held in November and December of 2014:

Dec. 6, 2014

Nov. 7, 2014

Friday, December 20, 2013

2014 Budget

All co-owners should have received a letter in the mail from Kramer-Triad informing them that their monthly Association fee will be the same in 2014 as in 2013.

That mailing included this one-page financial report containing information that the Board of Directors is obligated to provide to each co-owner on an annual basis.

At the top of that page is a Balance Sheet showing our financial status as of Nov. 30, 2013, the latest date for which that information is available.  The lower half of that page contains a summary of the 2014 Budget that was adopted by the Board of Directors at their Nov. 22, 2013 meeting. Click here to view the detailed 2014 Budget.

Sunday, December 8, 2013

Minutes of Nov 22nd BoD Meeting


MANORS AT CENTRAL PARK
CONDOMINIUM ASSOCIATION
Minutes of the 22 November 2013
Meeting of the Board of Directors of the
Manors at Central Park Condominium Association
(APPROVED)


1.       Meeting was held at the offices of Kramer-Triad Management Group, L.L.C., 320 East Big Beaver Road, Ste 190, Troy, MI 48083.
2.       Meeting began at 9:40 AM ET; Quorum was established with all three Board Members being present.  Board Members present: President Mike Grobbel, Treasurer Larry Cybulski, and Secretary Bhartan Amin (by teleconference).  Also present: Ryan Dorner (Kramer-Triad property management).
3.       The Board approved the agenda for this meeting.
4.       The Board approved the meeting minutes of the Meeting of 27 September 2013.
5.       New Business:
a.       Management Report – Ryan Dorner
                                                   i.      The Board reviewed the Renters Report.
                                                 ii.      The Board reviewed the Violation Report.
                                                iii.      The Board reviewed the Work Order Report for the month of October 2013.
                                                iv.      For special pick-up of large items such as furniture and appliances:  Residents may set out large bulky items on the regular scheduled service day for collection. They may also call the Rizzo Customer Care Center at (866) 772-8900 if they wish to schedule a pickup. Please place large bulky items out separate from other products for collection and have them out by 7:00 A.M. Large items may include: washers, dryers, freezers, refrigerators, air conditioners, hot water tanks, stoves, microwaves, couches, chairs, tables, dressers, etc.
b.       Discussion of 2014 budget as presented by President Grobbel.  Based on past budgets from 2008 – 2012 and actuals of 2013, estimates for 2014 were generated.
                                                   i.      Contributions to Replacement Reserves of $29,598, 10% of 2013 budgeted income.
                                                 ii.      For updating the governing documents, CC&R and By-laws, $15,000 were allocated.
                                                iii.      Monthly assessments for 2014 will remain unchanged.

Monday, October 29, 2012

2013 Budget

At their meeting on Oct. 26, 2012 the Board of Directors adopted the 2013 Budget, which sets the 2013 monthly condo association fees at $225 for Units 16 through 167 and $80 for Units 1 through 14 (there is no Unit 15). The new monthly fees will go into effect with the January 2013 payment. 

Rather than wait until we formally notify you by mail in November, the Board felt it was important to also give you a "heads-up" as soon as possible about the condo fee increase via the flyer that was placed on your door earlier today and to also provide additional information about the 2013 Budget via this blog post.
 
What follows is some historical background along with the rationale behind the Board's decision to raise the 2013 monthly condo association fees. It focuses on Units 16 through 167 since those represent the majority of our units and that is where most of our expenses are incurred. Similar information for Units 1 through 14 (site condos) would be based on their assigned percent of value and therefore would be proportionally and significantly lower.