Beta Eta Data - Fall 2013

Page 1

BETA ETA

DATA

FALL 2013

PI KAPPA PHI FRATERNITY BETA ETA CHAPTER

Building for the Future On June 30, 2013, the Beta Eta House Corporation

“I could describe the management and performance of the Beta Eta House Corporation and, specifically, its Board of Directors, over the last several years in one word: exceptional.” This quote is from Greg Buehner, Executive Vice President of Pi Kappa Phi Properties, Inc., director of the National Fraternity’s housing division. Buehner is infinitely qualified to make such statements as he manages the national fraternity’s property division and overseas all loan, acquisition, and house corporation advisement operations for the Greater Fraternity. In the fiscal year that just ended, the BHHC ran a budget surplus of $83,611, exceeding its surplus target by $38,943.

Moreover, it’s important to note that these surpluses have come from solid management and not as a result of deferred maintenance. Quite the contrary. While revenues have remained steady, the BHHC has continued to invest in the property, recently upgrading fire safety equipment as well as numerous aesthetic improvements such as a new landscape and parking plan for the front of the house and refinished hardwood floors in the common areas. In addition, the corporation has continued to add to its Board Designated Reserve Fund each year. Seeded in January 2011 with an initial transfer of $50,000 from its unallocated cash, the Reserve Fund today stands at $80,000 with additional unallocated cash buttressing its reserves. Lastly, the House Corporation has continued to seek new volunteers who have a passion for the fraternity and/ or property management. Part of its outreach has been built


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