Board approves budget

RANCHO SANTA FE — The Association board approved the printing and mailing of the 2012-2013 preliminary budget to the membership at its May 3 meeting. 

“The Association Finance Committee has reviewed and approved the budget at their meeting with staff on April 25 and recommends the board approve the mailing,” said Steve Comstock, chief financial officer.

Comstock said that each year the board is asked to preliminarily approve the annual budget, after which it is mailed to the voting members for review.

The annual member budget hearing is set for 9 a.m. May 23 in the Association office. After receiving member input, the board will be asked to adopt the final budget at its regular meeting on June 21.

“The budget reflects a conservative posture on anticipated revenues and expenses and the proposed budget provides for the proper maintenance of Association assets,” Comstock said.

“The assessment rate will remain at 14 cents per $100 of assessed property value, including open space funds portion at 2.5 cents,” Comstock said. “Fees for applications and permits have been increased at the rate of inflation to offset overhead, but remain revenue neutral.”

Linda Sansone of Willis Allen Realty was chosen as the realtor to sell the single-family home on the Osuna Ranch property.

The selling price will be set at $2 million. Requests for proposals were sent out last month.

In his report, Ivan Holler, Covenant administrator, told the Association that during research on the parking issue, he found something interesting from the minutes of a previous meeting discussing the issue.

The minutes cited the lack of parking in the Village as an issue and noted finding a parking place was becoming more and more difficult.

“I would like to point out these minute are from April 15, 1955,” he said.

In other Association business, the board chose parliamentarian Bruce Bishop as the election inspector for the June 12 ballot count. This was necessary because the board is required to select and appoint an election inspector to perform the count, which will be held this year at 9 a.m. June 12.

“Bruce Bishop has been selected to serve as election inspector for over five years,” Pete Smith, Association manager, said.

Al Castro was introduced as the new general manager of the Rancho Santa Fe Golf Club. Smith said that after an exhaustive search, Castro was chosen for the spot which relieved Smith from acting as both Association manager and golf club general manager, which he has done for months.

“I would like to recognize Pete for filling in at the golf club,” Director Larry Spitcausfsky said.

Smith said he was glad the search was over.

“I’m wearing my happy tie today,” Smith told the board.

The Association meets at 9 a.m. on the first and third Thursdays of the month. To learn more, call (858) 756-1174.

Share

Filed Under: Rancho Santa Fe News

Tags:

RSSComments (0)

Trackback URL

Leave a Reply




If you want a picture to show with your comment, go get a Gravatar.