Posts Tagged ‘Elke Strunka’
Overview of the OVA Budget and Dues
With OVA member dues rising to $75 starting this month, now may be as good a time as any to explore where this money goes. The 2019 budget was mailed to OVA members in late November. Total budgeted operating expenses have risen by just under 10% with the largest increases being for payroll expenses (more…
Read MoreFlood Control or Flood of Money?
On several occasions the OVA board has stated that no decision has been made with regard to sending funds to the OGC and that no vote has been taken. However, it appears that preparations are being made to do this. OVA members were informed at the October 9 budget meeting that the “contingency” line item…
Read More$1.6 Million Loan Approved for ERC Remodel
A loan in the amount of $1.6 million for the ERC remodel was approved unanimously by the Board of Directors at Tuesday’s business meeting. Just two years ago the estimate for this remodel was in the range of $700,000 and was carried as such in the contemporaneous Reserve Study. Now that costs have ballooned to…
Read MoreReserve Study Deficit Revealed, Loan Options Considered
During the recent Finance Committee meeting on June 14, OVA President Steve Spanier sat in for Finance Committee Board Liaison Tom Kendrick. The Agenda included the Treasurer’s Report, Capital Fund expenditures of the East Rec Center and the recently completed physical inspection for the 2019 Reserve Study Report. Several members of the community were…
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