10-19-2023 Champion Lakes HOA Board Budget Meeting Minutes

Champion Lakes HOA

Budget Approval and Discussion Meeting Oct.

19, 2023 7pm Via Zoom

Join Zoom Meeting
https://zoom.us/j/8201315684

Agenda

  • Call to order: Time: 7:00pm
    • Approve the Agenda by the Board
  • Establish Quorum of the Board: John Hering, President; Tania Ware, Secretary;
    Andrew Piering, Treasurer

    • Guests: Amberly Harper (FLOCK Camera Representative), Ashleigh
      Richardson (Goodwin Manager),

 

  • Proof of notice
    • Posted to TownSq on 10/12/23, meeting BOD meeting 144 hour
      notice requirement by Texas State Property Code
    • Yard sign, Facebook,
    • Thank you for attending this meeting. Why? 3 points
      • Stay Informed
        Yes, you have access to meeting minutes, email updates, and the Web Site, but they are just highlights of what is happening. By attending this HOA budget meeting you’re able to hear the discussions, recommendations, and concerns first-hand. You can learn more about how and why decisions were made and what is in the works for the future.
      • Get Involved
        This is a great opportunity to make your voice heard if there is something you have questions about or want to share regarding what is happening in our community. You can think about things you like to do and put your talents to use and make a positive difference in our neighborhood.

        • Neighborhood Activities
          • Champion Lakes Garage Yard Sale
          • Neighborhood Movie Night
          • Neighborhood Watch Program (National Night Out)
          • Spring / Fall Block Parties
      • Understand Community Management
        You pay dues every year, but do you know how that money is being spent? Do you know why the HOA had to lower or increase fees? By attending this meeting you can gain more insight into exactly what decisions are being made and how the community is being managed. Thank you for joining us this evening. Welcome our new members!!!!

 

  1. Discussion of proposed 2024 operating budget
    1. No increase in assessments ($450, 92 Owners, $41,400)
      1. Administrative costs: $11,351
      2. Property Maintenance: $15,950
      3. Insurance: $5,469
      4. Reserves: $7,296
      5. Utilities: $2,060
  2. Implementation of new items in budget (including Cameras)
    1. Irrigation Repair: $200 / month
    2. Landscape Maintenance: $750 / month (mowing, spring and fall flowers, picking the weeds
    3. FLOCK Security Camera: $3,150 this year, $2,500 next years
      1. Put it in the budget without any hike in assessments
      2. Doesn’t mean we have to spend it and we will talk about
        postponing the purchase of these cameras until a later
        special HOA Board Meeting
  3. Approval by Board of Directors
    1. Board approved budget line items, but removed from the budget and did not approve flock security cameras in budget.

 

  • Presentation, Q&A, and discussion regarding Flock Safety Camerao
    • First talked about by the board back in October of 2022
    • Requested by some homeowners
    • President’s Preliminary Survey results to get a feel of our homeowners (11 yes, 4 no)
    • Camera security verses flowers
    • Camera security verses Budget/Reserves for future projects (wall)
      o There were many questions discussed and the FLOCK issue was tabled until a later meeting.
  • Adjourn