Submitted by Katie Newnam, Director of Administration and Human Resources, 512-948-7704, [email protected]
Click Here to view a video of the meeting on the Sun City Texas website; select 2019 CA & Board of Directors Videos.
CA Financials
The Community Association's Financials for June 2019 were presented to the Board by Ann Dodson, Director of Finance. HOA revenue of $1,111,404 was reported for the month of June compared to the budgeted amount of $1,094,415. Home closings for the month were 20 on a budget of 22. The Golf revenue was $394,364 compared to the budgeted amount of $373,366. Golf expenses were $375,034 compared to budgeted expenses of $375,068. Overall, the CA ended the month with a surplus of $124,055 on a budgeted surplus of $13,144 for a favorable variance of $110,911.
The Finance Committee will meet on August 20 at 1 p.m. in the Activities Center to review July 2019 financials. The July financials will be posted on the website on Wednesday, August 21. Action will be taken on the May, June and July at the August 22 Board Meeting.
Transfer of Funds to the Reserve
At the end of June, the CA’s projected operating surplus for 2019 was $300,000 ($250,000 from the HOA and $50,000 from Golf). In addition, later in 2019 the CA will book a Developer Contribution in excess of $500,000 related to the Retreat. In an effort to lower Federal taxable income for 2019 and lower the reserve contribution for 2020, staff is proposing a change to the 2019 Budget to increase the reserve contribution by $300,00 (from $1,450,000 to $1,750,000).
The Finance Committee will take a formal vote later this month on this recommendation and present to the Board for their consideration for approval at the August 22 Board Meeting.
___________
Berry Creek Park
This item was tabled until additional information can be gathered.
___________
Design Guidelines
Ginger Przybys, Modifications Committee Chair, presented the Board with the final draft of the revised Design Guidelines (DG’s). In summary, the new DG’s are 38% shorter, make sensible changes, grant more latitude with clearer editing and word choice, preserve the community’s philosophy and vision and respond to the community’s dynamic requirements. Highlights of the changes and the full DG’s are available. Follow the links to read them on the website. Comments may be sent to [email protected]. The Covenants Committee has reviewed the new DG’s for enforceability. The Board thanked the Committee, staff and other volunteers for their efforts in the massive undertaking of the DG’s rewrite. The Board will vote on this item at the August 22 Board Meeting.
___________
Policy for Chartered Clubs
Gary Dennett, Chartered Club Committee Chair, presented the Board with amendments to the Policy for Chartered Clubs. The changes to this policy are believed to clearly define the requirements and intent of the policy and to eliminate any misinterpretation and confusion by Chartered Clubs. The Committee sought input from the community and the CA’s attorney before finalizing the amendments. Highlights of the changes and the full policy are available. Follow the links to read them on the website. Comments may be sent to [email protected]. The Board thanked the Committee and staff for their efforts in the rewrite. The Board will vote on this item at the August 22 Board Meeting.
___________
Covenants Committee Charter
The Board was presented with minor changes to the Covenants Committee Charter. The amendment addresses potential conflicts of interest and is available for review and comment. Follow the link to read the charter on the website. Comments may be sent to [email protected]. The Board will vote on this item at the August 22 Board Meeting.
