Accounting Report

By Don Havard, Accounting Manager

THE ASSESSMENT PAYMENT SCHEDULE is located towards the back of every issue of Keys Breeze. Assessments are due on a Quarterly basis as indicated in the Assessment Payment Schedule. No other payment plans have been approved by the board, so please pay your assessment in full according to the schedule.

QUARTERLY ASSESSMENT DUE ON LATE FEES APPLY AFTER

1st Quarter January 1st January 30th 2nd Quarter April 1st April 30th 3rd Quarter July 1st July 30th 4th Quarter October 1st October 30th Mail payments to:

Tahoe Keys POA P.O. Box 1026 Roseville, CA 95678-8437

Quarterly statements are mailed out as a courtesy, however, assessment payments are due even if the statement is not delivered by your mail courier.

Meetings and Approvals

At the February 15th, 2020 open meeting, the TKPOA Board of Directors reviewed homeowner delinquent accounts and scheduled disciplinary hearings on delinquent accounts. There were no approvals for lien notices for delinquent homeowners to review. Disciplinary hearings are generally held when a homeowner is delinquent on two quarterly assessments.

There were no Financial Statements for review and approval as the Annual Audit is currently being conducted for the Fiscal Year 2019. The Board of Directors approved a contract with Gilbert and Associates to conduct the 2019 Annual Audit at the January 18th, 2020 Board of Directors meeting.

The TKPOA Annual Disclosure and 2020 Budget was mailed out November 1st, 2019, and is also available on

the TKPOA website. 314 homeowners opted to have the TKPOA Annual Disclosure and 2020 Budget sent to them via email rather than a hard copy in the mail, giving the TKPOA a substantial savings on printing and mailing costs. If you also wish to participate in helping the Association to save money, you will find the “Consent to Receive Disclosures via Electronic Delivery” on page 33 of the Annual Disclosure. Simply complete the form and return it to the Association at TKPOA, 356 Ala Wai Blvd., South Lake Tahoe, CA 96150.

The February Finance Committee meeting is scheduled for Tuesday, February 18th, 2020 at 10:00 a.m.

As a reminder, the Budget meetings, the Board meetings, and the Finance Committee meetings, and are open to members of the TKPOA (meeting dates are subject to change).