Wissler Ranch HOA Proposed Budget Ratification Meeting Minutes
December 16, 2023
Call to Order: The Wissler Ranch HOA annual budget ratification meeting was called to order at 10:02 m. at the Tri-Lakes United Methodist Church.
– The Board-approved budget was based on the Association’s priorities as discussed at the annual meeting of the members in October and the November regular monthly Directors’ meeting.
– The focus of the budget continues to be having sufficient funds to fulfill the Association’s responsibilities, maintain our Common Area and properties, and build adequate capital reserves. Due to the prearranged absence of the new Treasurer, Vice President Peter Popp described the budget in general and President Hal Goldback opened the floor.
– Extensive discussions ensued with three homeowners objecting to a vote due to inaccuracies in the approved budget, specifically, anticipated annual dues revenue was not accurately noted and a line item was listed under the wrong category. Kathleen McCormick made a motion, Roy Richardson seconded, to decline ratification, adjourn the meeting, have the Board resubmit and mail corrected copies to all property owners, and reconvene the budget meeting in January; motion failed with 9 for, 12 against. After further discussions, Peter Popp made a motion to strike a sentence from the cover letter regarding automatic transfer of excess funds to capital reserves, make pen and ink changes at this meeting to reflect the correct revenue, move the playground inspection under operating budget, and send the revised corrected copy to all property owners within the next two weeks; motion passed with 13 for, 8 against.
– There were 21 attendees. A motion was made and seconded to ratify the 2024 revised, corrected budget; motion passed with a 13 for, 8 against vote.
Adjournment: The budget meeting adjourned at 11:22 a.m.