2018 January – April Financial Report

Good Afternoon Everyone,

We are posting the 2018 January-April Financial Report  with a spotlight on the April Balance Sheet. Also, please find the 2018 Special Assessment Income collected through April 30, 2018, on the third page of the report.

Our total assets as of April 30, 2018, are $90,397.13. The Operating Account Balance was $22,444.43, and the Reserve Account Balance was $60,730.95.

Please find more information on the 2018 Documents Page and on the Financials page.

Thank you for periodically checking the website for updates. Please consider signing up for notifications to receive Timberidge posts via email by following the blog.

Sincerely – Timberidge HOA Board

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2018 Timberidge Annual Meeting Minutes

Good Evening Everyone,

The 2018 Timberidge HOA Annual Meeting on Sunday, February 4, 2018, ran smoothly thanks to John Mackenzie of Secure Association Management. Thank you to the homeowners who attended. Your input during the 2018 Annual Meeting Presentation/2017 Year-in-Review by John Mackenzie and reviewed by Robin Tercero Montgomery, THOA President, is truly appreciated.

On the 2018 Documents page please find a link to the 2018 THOA Annual Meeting Minutes.

Thank you for following the blog. We encourage you to share this information with your lessees, especially when the posts focus on Timberidge Community matters.

Sincerely – Timberidge HOA Board

 

2017 January – December Financial Report

Good Evening Everyone,

We are posting the 2017 January-December Financial Report with a spotlight on the December Balance Sheet. Our total assets as of December 31, 2017 are $62,002.81. The Operating Account Balance was $42,200.64, and the Reserve Account Balance was $15,883.42.

Please find more information on the 2017 Documents page and on the Financials page.

Thank you for periodically checking the website for updates. Please consider signing up for notifications to receive Timberidge posts via email by following the blog.

Sincerely – Timberidge HOA Board

2018 Special Assessment

Good Morning Everyone,

As explained last year at the 2017 Annual Meeting on Sunday, February 26, 2017, and posted on the Timberidge HOA website, the 30-year capital improvement plan recommended by Criterium-Dotson Engineers (Criterium) will require special assessments. The Board, with the help of Secure Association Management, implemented more frugal budgeting, examined projected profits, and were able to adjust the current special assessment from $3,500-$6,600 per unit down to $1,075.00 per unit while maintaining our capital improvement goals outlined by Criterium. The homeowners at the 2017 Annual Meeting preferred the 2017 Board Recommended Option, so we and the management team have used our option when planning maintenance and repairs for Timberidge through 2020.

We sincerely thank everyone in advance for paying their 2018 Special Assessment ($1,075.00) before or on Monday, April 2, 2018. For more information about the process, see these and other posts on the Timberidge HOA website (timberidge.wordpress.com):

If you have additional questions, please do not hesitate to contact John Mackenzie of Secure Association Management. Also, please consider following us to receive Timberidge posts instantly via email.

With appreciation – Timberidge HOA Board of Directors

2017 January – September Financial Report

Good Evening Everyone,

We are posting the 2017 January-September Financial Report with a spotlight on the September Balance Sheet. Our total assets as of September 30, 2017, are $58,131.13. The Operating Account Balance was $38,960.14, and the Reserve Account Balance was $15,632.24.

Please find more information on the 2017 Documents page and on the Financials page.

Thank you for periodically checking the website for updates. Please consider signing up for notifications to receive Timberidge posts via email by following the blog.

Sincerely – Timberidge HOA Board

2017 January – June Maintenance Report

Good Evening,

On the 2017 Documents page and the Maintenance Reports page, please find a link to the 2017 January – June Maintenance Report that the Board requested from Secure Association Management. Also, the Board is happy to announce that due to storm damage, the insurance company has issued us a check that will help us replace all six roofs. Construction will begin soon, and all roofs should be replaced by October 2017. Please see the 2017 January – June Financial Report for more details.

As you many of you know, Timberidge now has a large recycling bin. We would like to add that although some plastic bags have the numbers 1-7 on it, the City of Denton asks that no plastic bags be discarded in the large recycling bin. We updated the post about it, too.

Thank you for following the blog. We encourage you to share this information with your lessees, especially when the posts focus on Timberidge Community matters.

Sincerely – Timberidge HOA Board

2017 January – June Financial Report

Good Evening Everyone,

We are posting the January 2017 through June 2017 Financial Report with a spotlight on the June Balance Sheet. Our total assets as of June 30, 2017, are $162,782.69 due to our insurance company issuing monies to replace all six roofs damaged by storms. The Operating Account Balance was $143,002.88, and the Reserve Account Balance was $15,481.06.

Thank you for periodically checking the website for updates. More information about when the roofs will be replace is coming soon. Please consider signing up for notifications to receive Timberidge posts via email by following the blog.

Sincerely – Timberidge HOA Board

2017 January – March Financial Report

Good Evening Everyone,

We are posting the January 2017 through March 2017 Financial Report with a spotlight on the March Balance Sheet. Our total assets as of March 31, 2017, are $41,665.12. The Operating Account Balance was $21,676.46, and the Reserve Account Balance was $15,329.91.

Thank you for periodically checking the website for updates. Please consider signing up for notifications to receive Timberidge posts via email by following the blog.

Sincerely – Timberidge HOA Board

Be A Voice for Timberidge

Good Evening Everyone,

As of today, April 1, 2017, Secure Association Management (Secure) has been the managing agent for the Timberidge HOA (THOA) for one year. The Board thought it was an excellent time to thank John Mackenzie, his team, and colleagues for their professional guidance. They were patient and thorough transitioning our documents starting in March 2016 through August 2016. Immediately, financial reporting and maintenance planning improved. In particular, Secure contracted a new insurance company for us providing better coverage at a lower price saving the THOA $7,593.00 in 2016 while bringing our Accounts Receivable balance from $11,992.00 on March 31, 2016, to $4,338.75 on December 31, 2016. For a detailed list of accomplishments, please see the posts from 2016, the November 2016 Board Meeting Minutes, the 2017 Annual Meeting Presentation, and the 2017 Annual Meeting Minutes we posted today.

Since the 2017 Annual Meeting, the Timberidge website was updated to make it faster to find financials and meeting minutes. More updates are forthcoming. You can search the website using keywords, too.

Please consider signing up for notifications to receive Timberidge posts via email immediately by following the blog. Of course, you are welcome to attend THOA Board of Directors meetings, and we hope you will consider joining the THOA Board of Directors to “Be a Voice for Timberidge.”

Thank you – Timberidge HOA Board

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