Treasurer's Report

June 2010

by

Barbara L. Fredricksen, Treasurer

 

As I write this report on May 19, 2010, the financial picture for BWEHA, Inc. looks solid, despite the large number of past due accounts.

 

We have $35,582.28 in our checking account to cover bills for the rest of May and June. We also have $38,205.30 paid in advance for future months.

 

We have 73 members (out of 877) who have not paid their assessments at this time. Of those, 23 are late only for the Second Quarter and have been sent to Attorney Donald Peyton, who will write them a reminder letter, unfortunately, at a considerable expense to the late-payer.

 

The Association has placed liens against six Lot Owners; two others have been sent to Mr. Peyton with a request to place a lien on them to protect the association's interests.

 

Of the remainder, 37 are in mortgage lender foreclosure; one is dealing with having written a check with insufficient funds to cover it; one has sold and is expected to close by the end of May; and three are owned by people who have died and their estates have not yet been settled.

 

A year ago, we had 59 Lot Owners who were in arrears, with only 25 in mortgage lender foreclosure. As you can see, there has been an increase, but in light of the much worse plight of other neighborhoods in the Tampa Bay area, Beacon Woods East is in pretty good shape.