by Mike Bossio, Treasurer
It is the first month of 2018 so, as you can imagine, the budget performance is as planned. No surprises. We are starting the year in a strong Operating Budget position with an operating balance of $86,401. As you review the budget, you will notice a charge of $9051 for Line Item “Fountain/Pond/Lake Repair & Maintenance.” We paid for the cleaning of the ponds this year ($9051) even though the work was done last year. We were aware of this payment delay and worked with the contractor, Brightview Landscaping, to make this arrangement. The Reserve Fund is also as planned. It has a balance of $643,143 and we made the planned deposit of $14,829. That’s it for now. I will continue to keep you apprised of our performance on a monthly basis.