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See contract for payment schedule; every five houses completed a check needs to be sent to Cooper Mountain
Updated with May's numbers
~$4,500 goes into Reserves each month
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Change orders under $2,000 do not need written approval
Total assests:$248,406.25
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Payment for change orders are due two weeks after invoicing
Roofing project:$104,683.33
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Contract amount due:Insurance deductible:$10,000.00
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Contract price:$406,187.70$0.00Petty cash:$250.00
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PAID BILLS RELATED TO ROOFING PROJECTPre-paid dues:$6,583.06
Cannot be used because a homeowner could ask for a refund at anytime; this flucuates from month to month
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Date check sentReasonAuthorizedAmount
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3/10/25
Board members contacted lawyer via e-mail on 2/21/25 to ask HOA lawyer to March meeting
Automatically paid$98
Legal fee budget ($3500 for the year)
Total assests after roofing project:
$126,889.86
Includes retained earnings
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4/9/20251/3 due for contract with Cooper Mountain Roofingduring 3/31/25 meeting$135,395.90Retained earnings:$49,387.72
Can and will be used for roofing project
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4/10/25
HOA lawyer at 3/10/25 meeting, HOA lawyer negotiating contract, responding to e-mails in March
In April's board meeting$5,480.49
Legal fee budget ($3500 for the year)
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4/25/25
PONO contract termination (original contract was signed in 2023; see March meeting m inutes)
In April's board meeting$7,357.50Total left in reserves:$77,502.14
Does NOT include retained earnings
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6/19/253179: plywood (20), materials, labor$1,934.82
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6/19/253203: plywood (1), materials, labor$83.85
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6/19/253205: plywood (1), materials, labor$484.82
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6/19/253130: plywood (2), materials, labor$556.45Contingency budget:$14,000
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6/19/253128: plywood (4), materials, labor$334.20
Total spent on contingency for 6/19:
$10,279.24
Contingency budget is $1,000 per home
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6/19/253211/3213/3215: plywood (8), materials, labor$959.93
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6/19/253169/3171/3173: plywood (56), materials, labor$4,943.62Under budget:$3,720.76Under budget
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6/19/253189: plywood (1), materials, labor$83.55
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6/19/253201: plywood , materials, labor$647.35
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6/19/253181: plywood (3), materials, labor$250.65
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6/19/25Remaining balance on 6/19 homes$79,972.34
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7/173151/3153/3157: plywood (32), materials, labor$3,759.88
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7/173187: plywood (3), materials, labor$796.49
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7/173071: plywood (4), materials, labor$334.20Contingency budget:$14,000
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7/173073: plywood (3), materials, labor$250.65
Total spent on contingency for 7/17:
$14,620.95
Contingency budget is $1,000 per home
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7/173085: plywood (8), materials, labor$668.40
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7/173162: plywood (8), materials, labor$668.40Under budget:-$620.95Over budget
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7/173160: plywood (13), materials, labor$1,927.81
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7/173167: plywood (6), materials, labor$955.98
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7/173165: plywood (15),materials, labor$2,914.47
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7/173125/3126/3127: plywood (15), materials, labor$2,344.67
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7/17Remaining balance on 7/17 homes$78,691.44
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9/13214/3212/3210: plywood (6), materials, labor$803.17
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9/13076: plywood (4), materials, labor$2,008.98
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9/13074: plywood (8), materials, labor$668.40Contingency budget:$18,000
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9/13132: plywood (4), materials, labor$777.80Total spent on contingency for 9/1: $10,287.86
Contingency budget is $1,000 per home
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9/13206/3204/3202: plywood (14), materials, labor$1,267.98
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9/13077/3079/3081: plywood (24), materials, labor$2,482.31Under budget:$7,712.14Under budget
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9/13087: plywood (4), materials,labor$334.20
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9/13084: plywood (3), materials, labor$250.65
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9/13082: plywood (1), materials, labor$83.55
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9/13078: plywood (6), materials, labor$858.87
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9/13170/3168: plywood (9), materials, labor$751.95
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9/1Remaining balance on 9/1 homes$89,504.41
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Extra vents complex wide$4,891.06
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$46,000.00<-- Contingency budget
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$436,579.19<-- Total spent$34,567.10<-- Contingency total spent
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$11,432.90Under budget
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