Minutes of the Meeting of the Board of Directors of Seaglass Village Condominium Association


Minutes of the Meeting of the Board of Directors of Seaglass Village Condominium Association

April 19, 2020

Meeting held by teleconference. All Board Members were present. Judy Moseley was in the chair.

The meeting was called to order at approximately 9:00 A.M. EST.

Approval of Minutes of March Meetings

Minutes of the meetings of March 15th and March 22nd were approved by unanimous vote.

Financial Report

Richard reported that 97% of special assessments due have been collected. Remainder has been committed by owners to be mailed promptly.

March Financials are unremarkable. Collected in March was $172,000. Overall net revenue was positive by approximately $1,000. Deficit in Rentals and a positive in operating account.

Motion to accept and publish the financials from March was unanimously approved.

Next assessment for pools will be due in August. It will be adjusted based upon actual costs.

Richard reported that the financials are currently under review.

Executive Session

Executive Session discussions are not minuted.

Adjournment

Meeting adjourned by unanimous vote.


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