by Mike Bossio, Treasurer
We continue to make our scheduled deposit of about $13,100 per month in the Reserve Fund and it now has about $511,000 in it. Expenses in a couple of areas are higher than originally planned. For example, line items representing tree replacement, landscaping, masonry repair and gutter cleaning/repair are higher than originally budgeted but these were known to the Board prior to performing the work and approved. We will cover these expenses by moving monies from other line items and from anticipated income from other sources—waste removal and Brighthouse Networks. We are still very comfortable with our financial performance to date. I will, of course, continue to keep you apprised of our financial performance.
