Hidden Lake Association

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

2010-2011 Proposed Budget

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.)