B. FINANCIAL STATEMENT Proposed Resolution: The Board accepts the January 2018 interim financial reports and bank reconciliations as presented, subject to annual review. The report reflects a positive year to date variance of $10,961 and reserve funding of $180,757 compared to the reserve funding budget of $175,991. The reserves are funded through January 31, 2018. The association has $293,930 in operating funds, which represents 1.01 months of budgeted expenses and reserve contributions. The association has $6,166,367 in reserve funds. C. LIEN APPROVAL Per the enclosed resolution dated February 21, 2018, Management is requesting authorization to place liens on the following accounts should the delinquent assessments not be paid within the time period established in the intent to lien letter. Account Number Total Amount Due 2310-01 $887.24 D. ARCHITECTURAL APPLICATIONS Address: Application For: 1293 Vanderbilt Replace one Way slider with half wall and window. 1333 Commons Dr. Window replacements 1125 Commons Dr. HVAC Replacement 1242 Vanderbilt Emergency Approval- HVAC Replacement The Architectural Review Committee met on February 13, 2018 to review the listed applications. The committee recommends approval of these applications. Proposed Resolution: The approves the home improvement applications as recommended by the committee. E. COMMITTEE APPOINTMENT Homeowner Susan Schepker has submitted an application to serve on the Outreach Committee. Her completed application and signature pages on the Conflict of Interest agreement has been received. Proposed Resolution: The Board appoints Susan Schepker, a member in good standing to serve on the Outreach Committee. End Consent Calendar
B. FINANCIAL STATEMENT Proposed Resolution: The Board accepts the January 2018 interim financial reports and bank reconciliations as presented, subject to annual review. The report reflects a positive year to date variance of $10,961 and reserve funding of $180,757 compared to the reserve funding budget of $175,991. The reserves are funded through January 31, 2018. The association has $293,930 in operating funds, which represents 1.01 months of budgeted expenses and reserve contributions. The association has $6,166,367 in reserve funds. C. LIEN APPROVAL Per the enclosed resolution dated February 21, 2018, Management is requesting authorization to place liens on the following accounts should the delinquent assessments not be paid within the time period established in the intent to lien letter. Account Number Total Amount Due 2310-01 $887.24 D. ARCHITECTURAL APPLICATIONS Address: Application For: 1293 Vanderbilt Way Replace one slider with half wall and window. 1333 Commons Dr. Window replacements 1125 Commons Dr. HVAC Replacement 1242 Vanderbilt Emergency Approval- HVAC Replacement The Architectural Review Committee met on February 13, 2018 to review the listed applications. The committee recommends approval of these applications. Proposed Resolution: The approves the home improvement applications as recommended by the committee. E. COMMITTEE APPOINTMENT Homeowner Susan Schepker has submitted an application to serve on the Outreach Committee. Her completed application and signature pages on the Conflict of Interest agreement has been received. Proposed Resolution: The Board appoints Susan Schepker, a member in good standing to serve on the Outreach Committee. End Consent Calendar