2024 Annual Meeting
June 18, 2024
Agenda
2023-24 Board Members
Name | Role | Term |
Paul Porrini | President | Ends 6/24 |
Vandana Sathe | Vice President | Ends 6/25 |
Mishua Hicks | Secretary | Ends 6/25 |
John Chang | Treasurer | Ends 6/26 |
Vacant | Member At Large | |
Key Activities
Installed and monitored Flock cameras
Managed security patrol
Removed dead trees and brush
Cash management
Managed complaints of CC&R violations
PRHOA Budget 2024 | | | | 06/16/2024 |
Expense Type | 2023 Projected | 2023 Actual | 2024 Budget | |
Administration | $10,000 | $13302 | $15000 | Insurance($6118), MCC fees, audit fees, lockbox (7184) |
IT/Web | $0 | $782 | $260 | PRHOA Website |
Legal | $0 | $0 | $5000 | Hartmann Vs PRHOA Board, $5K for 2024 $5K for 2025 |
Maintenance | $21,500 | $22405 | $24000 | Discing and Tree service: $11K tree removal, $130 permit and $5300 2022 discing paid April 2023; |
Meetings & Social | $0 | $0 | $0 | No annual meeting in person |
Security | $96,000 | $96440 | $106000 | ~$96K annually for patrol +$440 July4th+ $9950 for Flock cameras paid in 2022 |
Taxes | $1,050 | $850 | $1,050 | SCC Prop Tax + FTB |
Miscellaneous | $0 | $0 | $0 | |
Total | $128,550 | $133779 | $151310 |
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Income from HOA fees | $123,120 | $123395 | $123,570 | $1620*76 homes + $450 HOA Transfer Fee in 2024 |
Interest income | $2000 | $2490.60 | $5500 | $2269 CD Interest + $221 Checking interest in 2023, $125K 4.8% CD in 2024 |
Total income | $125,120 | $125886 | $129070 | |
Surplus/Deficit | -$3430 | -$7893 | -$22240 | |
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| | Heritage Bank balances as of June 12, 2024: | ||
| | Operating: | $100546 | |
| | Reserve: | $32716 | |
| | CD 4.8% APR | $125,000 | |
| | Total: | $258262 | |
Election of Directors
Election:
Motion from the President & 2nd by the Secretary. APPROVED, None Opposed
Havish Koorapaty is a joint owner of 21468 Continental Circle in the Parker Ranch neighborhood along with his wife, Prasanti Uppaluri. They have two children, Anay and Avyay Koorapaty as well as parents that often reside with them. Havish is an engineer working in the field of mobile wireless communications at Ericsson in Santa Clara. Havish and Prasanti have been residents of Saratoga since 2009 and moved into the Parker Ranch neighborhood in Nov 2023.
Nia Turan is a joint owner of 12327 Farr Ranch Road in the Parker Ranch neighborhood along with her husband, Sed Turan. They have two elementary school aged children, Sofia and Sonia Turan and a gorgeous blue parakeet. Nia and Sed both grew up in the Bay Area and moved to Parker Ranch in 2020. They recently finished their big home remodel and built a new ADU for their parents who partially reside with them now. After going through their big remodels, Sed transitioned from the Tech industry and is now working in the home remodel business. Nia is currently with Alphabet's self-driving car.
Security Patrol Renewal
Ballots Received: [_49_] Quorum of 39 met
Ballot #2: Security Patrol Continuation
Parker Ranch Security Measures
Flock Cameras:
Security Patrol:
Security For July 4th:
Lawsuit- Hartmann vs. Parker Ranch HOA
Firewise
Open Forum, Q&A