Annual Meeting
The Annual Meeting of the Hidden Lake Association
will be held
on Sunday, May 16, 2009, 1:00pm, at the Haddam Town Hall, Field Park Road,
Haddam (just before the Town Office Building).
Meeting Agenda:
1. Roll call of Officers
2. Reading of the minutes of the last annual meeting for adoption
3. Tax Collectors Report
4. Report of the Treasurer as to the amount of disbursements and the balance on
hand
5. Reports of the standing and special committees including lake, septic and
land use
6. Old Business
7. New Business
a. Adoption of fiscal year 2010-2011 budget
b. Other
8. Election of officers for 2010-2011 (incumbents listed)
President- Laura Jenner
Vice President- Kathy Serino
Treasurer- Alan Stokke
Tax Collector- open
Recording Secretary- Charlene Baulski
3-year board member- open
1-year board member (due to resignation)
9. General Discussion
10. Adjournment
Of note, there is no proposed mill rate increase for the
coming year. The individuals holding the positions of 3 year board member
and secretary respectfully request that others step forward and fill these roles
in the upcoming election.
We look forward to seeing everyone at the meeting. As a
volunteer organization, we continue to welcome the support of all members
who donate their time, energy, and ideas to the continued maintenance and
improvement of our community.
Laura Jenner, President
For the Board of Governors
Hidden Lake Association
Click on this link to download a PDF version of the
budget.
|
Hidden Lake Association Fiscal Year Ending June 30, 2011
Proposed Budget 2010-2011 |
| |
2008-2009 |
2009-2010 |
2009-2010 |
2010-2011 |
|
|
Actual |
Budget |
As of 4/30/09 |
Proposed
Budget |
Change |
| Revenue: |
3.0 Mils |
3.0 Mils |
|
3.0 Mils |
|
| Tax Collection |
50,242.92 |
49,000.00 |
47,898.29 |
49,000.00 |
0.00 |
| Interest/Miscellaneous |
2,029.71 |
|
683.42 |
|
|
| Total: |
52,272.63 |
49,000.00 |
48,581.71 |
49,000.00 |
0.00 |
| Transfer from
Reserves: |
| Road Chip Seal |
|
44,000.00 |
39,165.00 |
|
|
| General Reserve * |
|
5,000.00 |
1350.00 |
|
|
| Road Drainage |
|
10,000.00 |
0.00 |
10,000.00 |
|
| Weed Removal |
|
|
0.00 |
5,752.71 |
|
| Lake Quality Preservation |
5,000.00 |
5,000.00 |
5,000.00 |
247.29 |
|
| Total: |
5,000.00 |
64,000.00 |
45,515.00 |
16,000.00 |
|
| Reserve
Expenditures: |
| Road Chip Seal |
|
44,000.00 |
39,165.00 |
|
|
| Road Drainage |
|
10,000.00 |
0.00 |
10,000.00 |
|
| Weed Removal |
|
0.00 |
0.00 |
5,752.71 |
|
| Lake Quality Preservation |
5,000.00 |
5,000.00 |
5,000.00 |
247.29 |
|
|
General Reserve * |
|
5,000.00 |
1,350.00 |
0.00 |
|
| Total: |
5,000.00 |
64,000.00 |
45,515.00 |
16,000.00 |
|
| Budget
Expenditures: |
| Administrative Supplies & Expenses |
3,939.74 |
4,000.00 |
2,769.56 |
4,000.00 |
|
| Benevolence |
0.00 |
200.00 |
0.00 |
200.00 |
|
| Electricity |
952.42 |
1,200.00 |
910.86 |
1,200.00 |
|
| Insurance and Bonding |
6,227.08 |
7,500.00 |
6,727.08 |
7,500.00 |
|
| Lake Recommended Maintenance |
6,075.00 |
6,000.00 |
6,250.00 |
7,500.00 |
1,5000.00 |
| Lake Testing and Dam Maintenance |
876.75 |
1,000.00 |
448.00 |
1,200.00 |
200.00 |
| Beach Maintenance |
0.00 |
500.00 |
0.00 |
500.00 |
|
| Legal |
630.00 |
1,500.00 |
460.00 |
1,500.00 |
|
| Miscellaneous Expense |
129.02 |
250.00 |
105.32 |
250.00 |
|
| Plowing (& Sanding) |
6,450.00 |
7,000.00 |
2,625.00 |
7,000.00 |
|
| Road Maintenance & Repairs |
1,100.00 |
1,500.00 |
0.00 |
1,500.00 |
|
| Road Drainage Maintenance & Improvements |
6,975.00 |
0.00 |
0.00 |
6,650.00 |
6,650.00 |
| Road Drainage Reserve Addition |
0.00 |
0.00 |
0.00 |
0.00 |
|
| Road Chip Seal Reserve Addition |
10,000.00 |
10,000.00 |
0.00 |
10,000.00 |
|
| Weed Removal Reserve Addition |
2,000.00 |
8,350.00 |
0.00 |
0.00 |
-8,350.00 |
| General Reserve Addition |
3644.99 |
0.00 |
0.00 |
0.00 |
|
| Total: |
49,000.00 |
49,000.00 |
20,295.82 |
49,000.00 |
0.00 |
| |
|
Bank Balances (as of 4/30/10) |
|
Reserves (as of 4/30/10) |
| Checking |
232.72 |
Road Chip Seal |
4,835.00 |
| Savings |
5,539.34 |
Lake Quality
Preservation |
247.29 |
| Money Market Savings |
32,514.09 |
Road Drainage |
25,042.09 |
| 3-Month CD |
26,462.93 |
Weed Removal |
13,049.00 |
| 11-Month CD |
54,734.76 |
General |
53,601.94 |
| Total: |
119,483.84 |
Total: |
96,775.32 |
* $5,000.00 from the General Reserve for the Emergency Dam Operations
Plan required by the State of Connecticut DEP was approved
at the special Association meeting and added to the current 2009-2010
budget
Proposed changes in budget expenditures for 2010-2011 include:
Increasing Lake Recommended Maintenance (septic pumping) by $1,500.00;
Lake Testing & Dam Maintenance by $200.00 to allow for three tests;
Decreasing the Weed Removal Reserve Addition to zero this year to
accommodate the ongoing drainage work. Proposed road drainage work
includes $6,650.00 in regular budget expenditures and an additional
$10,000.00 from the Road Drainage Reserve. Proposed expenditures from
reserves also includes $6247.29 for this year's weed removal. (The
$247.29 is the remainder in the Lake Quality Preservation Reserve that
came from the sale of the old clubhouse land and was earmarked for weed
removal.)
|
