Corporate Treasurer and Board Member Jama Lopez gave the July financial report to the Board 0n August 16, 2023. Lopez compared 2023 with 2022, July year-to-date. She said there is a 9% increase in cash and cash equivalents, membership assessments receivable are up $133,000, total assets increased by $9 M, and total liabilities decreased by $2.5 M.
The POA is doing a fantastic job of keeping the promise to spend assessment increase money on infrastructure and “No New Projects.”
Corporate Treasurer and Board Member Jama Lopez
HSV Comparing 2023 to 2022 – Significant Revenue Increase – Expense Decrease
Departments with increased revenue/decreased expenses are:
- Golf (Director Tom Heffer)
- Parks and Recreation (Director Terry Wiley),
- Community Development and Marketing (Director Kevin Sexton/Communications Revenue Growth Specialist Pam Avila)
- Lakes Management (Public Services Director Ken Unger, Superintendent Todd Noles, Lakes Manager Katy Harmon)
- Food and Beverage
Concerning Food and Beverage expenses, a few years ago we were spending $1.9 M a year on Food and Beverage. We should have that number reduced to zero by the end of the year. The number was $47,000 for the first six months of 2023. It is now at $37,000. The number is going down every month.
General Manager Kelly Hale
The financial report is available to POA members on the Explore the Village Website.
Cover image: (Left to right) Gary Belair, Victoria Noles, Jama Lopez, Mark Quinton
By Cheryl Dowden
The Financial Report is buried somewhere that I cannot find it on the Explore the Village website, even though I was on the Members Only page. None of the drop down menus indicated reports.
Joy, until the next Board packet comes out, the Financial report can be found by going to the Explore the Village website, clicking “Members.” Then click Governance. A drop down menu will appear. Click “Board of Directors.” To the right you will see “Board Meeting Packet.” Scroll down and click “Financial Report.” This months report can be found this way until the next month’s Board packet comes out. The older monthly reports can also be found on the Explore the Village site, but are in a different location. I hope this helps. Thanks.