150 150 San Antonio Village

Board Meeting, April 17, 2019


Dawn Lucian (President), Lynn Nichols (Vice President), Mike Porter (Secretary), Bettina Johnson (Treasurer) and Chad Lindblad (Member at Large) were in attendance. Manager Karel de Veer and six homeowners were also in attendance.

The meeting was called to order by Dawn Lucian at 7:00 P.M.

1) The minutes from the March 20, 2019 meeting were approved.

2) Financial Report: At the end of March 2019 our total income is $547,695 or 99.3% of our 2018-19 budget projection. Our total expenses are $508,904 or 92.5%. Our other/rental income is $27,000 or 100%.

2) Treasurer’s Report: Bettina Johnson
At the end of March 2019, or nine months into our 2018-19 fiscal year, our SAV Total Income is $547,695 or 99.3% of our budget expectations and our Total Expenses are $508,905 or 92.5 % of projections. Our Other/Rental income is $27,000 or 100% of expectations and Expenses 0. Our current Total Net Income which is saved for Capital expenditures is $65,790. or 229%, more than half of which may be spent down before the end of the fiscal year if the Recreation Room flooring is replaced. (These budgetary numbers were not actually reported at the April 17, 2019 Board meeting as our accountant provided the end of March report in a different format, i.e. separating Operating Fund/Assessment Fee Income from Capital Fund numbers: so I had to wait until May 9 for a revised end of March report using our usual integrated format for number to include in these minutes.)

3) Lynn Nichols showed the board samples of light options for the carport and sidewalks on the outside of the carports. The board discussed requiring lights that focus downward on the sidewalks, so they don’t shine into the bedrooms of units. There was also discussion regarding making the carport lights brighter than the sidewalk lights. The board will continue to review light options.

4) Dawn Lucian asked the board to review front door light options so that the board can give residents who want to replace their front door lights some limited options. An architectural change form will be required for new front door lights.

5) Dawn Lucian and Karel de Veer will shop for new flooring and furniture options for the Recreation room. A suggestion was made to buy leather sofas. The recommendations will be presented to the board at a future meeting.

6) The board discussed our current Master Insurance policy. A decision regarding any changes to the insurance policy coverage needed to be made before we discussed the budget for 2019 – 2020. The board unanimously agreed after discussion and input from residents at the meeting not to make any changes to the current insurance policy coverage. The board encourages residents to talk to their insurance agent about additional coverage if desired on their individual policy.

7) Manager Karel de Veer presented the draft budget for July 1, 2019 – June 30, 2020. The Goleta Water district announced that the drought surcharge will be lifted on May 1, 2019. The budget reflects the lifting of the drought surcharge. The budget is only for one year instead of usual three-year budget plan due to uncertainties with water rates and potential insurance increases in 2020. We will discuss going back to a three-year budget plan in 2020 if water and insurance uncertainties are resolved. The board unanimously agreed to increase the monthly Association fee beginning July 1, 2019 to $420/month per unit.

The next regularly scheduled Board meeting will be on Wednesday, May 29, 2019 at 7:00 P.M.

Meeting adjourned at 8:05 P.M.

Submitted by Mike Porter, Secretary