The 2014 Annual General Meeting and Budget
It is hard to believe but fall is just ahead of us. With our Annual General Meeting to be held at S. Bruce Smith school at 7 pm on September 25th, the board would like to update our membership on some of the events that have happened over the past months.
We would like to extend our thanks to our membership for paying their dues on time, and would also like to thank our volunteers including our board members who have generously provided their time, both in operating the board, as well as keeping our landscaping costs lower than they otherwise would be.
At last years’ Annual General Meeting a motion was passed to increase the dues by $200 to support the formation of reserves and retire debt. The board is happy to report that the debt has been repaid in full. The remaining funds have been earmarked to permit future replacement and repair of capital assets owned and maintained by the Residents’ Association.
The restriction on how these funds could be spent resulted in a decrease in services provided by the Residents’ Association. The budget for 2014 is available here. Essentially, costs related to fertilizer application and weed removal were eliminated for 2014 resulting in a significant savings. At the same time, our landscaping contractor has accepted responsibility for a number of spaces where the developers had been previously responsible. The board also approved the replacement of a large number of rotting and damaged sections of fence.
One question came from a member about how they might contribute to the governance of the Residents’ Association. At the AGM, our members may let their name stand for election to the board; we are always very happy to have new board members. The group makes decisions about how we spend the funds to maintain common amenities in Donsdale. Please come out and participate at this years’ AGM.