Woodbury Park Association Homeowner’s Annual Meeting

Held December 02, 2020

VIA ZOOM

The Annual Meeting called to order at 7:30 pm with 16 households represented certainly a quorum and the most we have had in a long time.

Jim Giordano welcomed everyone to the first annual Association virtual meeting. The 2019 accomplishments were highlighted which included the replacement of most of the sidewalks on Newburgh with an estimated Association cost of $8,000. It was noted that the City will bill the Association in 2021. It was included in the 2021 Budget.

The minutes of November 07, 2019 Annual Meeting were reviewed and accepted.

A review of the Financial Reports occurred with the highlights shown below.

Financial Report –.

· Profit & Loss Statement

o  $29,288 membership dues were recorded. There is one delinquent household. Actual and forecast expenses totaled $28,000.

Balance Sheet as of November 11, 2020:

o $16,729 in checking account

o $30,141 in savings

· 2021 Budget included expenses of $36,000 was unanimously approved.

Dues remain at $250.00.

General Comments/Discussions

Russ reviewed the financial statements which included individual expense items. The 2021 Budget was reviewed and accepted.

Notices for dues payment will be sent at the end of January with a payment date of February 28, 2021.

The use of Zoom was well received and as mentioned resulted in a larger turnout. This signals future use.

There being no further business to discuss, the Annual Meeting was adjourned at 8:05 pm.

                        Board of Directors