Lenox Park
 
Login | Register
 
Welcome
Home
Our Community
Services & Amenities
Maps
Nearby Resources
FAQ
Contact Us
 
Members
Important Contacts
Member Directory
Clubs & Groups
Modifications
Maintenance Duties
Photo Gallery
For New Members
Government
Board of Directors
By-laws & Policies
Meeting Minutes
Financial Matters
Committees
Other
Contractors & Vendors
Classifieds
Association Payment
 

 

Lenox Park
News
 
 

Budget Bits - April
Posted on Apr 13th, 2017

by Mike Bossio, Treasurer
 
The March financial performance was generally as expected but we did receive some unexpected charges incurred from services performed in 2016. We are trying to prevent this from occurring in the future since these unanticipated expenses have to be paid with funds that were planned for other expenditures. We have spoken with the offending contractors and fully expect not to have this problem occur in the future with these same contractors. Apologies are nice but they don’t do anything for the problems these mistakes cause to our budget. We deposited our planned $16,150 per month in the Reserve Fund, which is currently at $578,352. All other expenses and income were as planned. I will continue to keep you apprised of our financial performance.