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Annual Meeting 03-Dec-2013. Agenda Welcome Treasurer’s Report Secretary’s Report Road Maintenance Update Election of Board Members New Business Flood Update Adjourn. 1. Your LTRA Funds. Road Maintenance Update . Speed &. Mother Nature ( DRY early, WET later). - PowerPoint PPT Presentation
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Annual Meeting 03-Dec-2013
Agenda• Welcome• Treasurer’s Report• Secretary’s Report• Road Maintenance Update• Election of Board Members• New Business
– Flood Update• Adjourn
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2
Road Maintenance Update
Your LTRA Funds
Speed &
Mother Nature(DRY early, WET later)
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$22,532
$2,570
$2,134$18$3,606
2013 Total Funds
LTRA DuesNon-RatifiedBMRRAOtherAuction
Total Funds Available = $30,860 (05-Nov-2012)- 67…down to 66 Ratified Members during 2013- Other = Fees and Interest- Auction of grader is not included in the 2013 budget- Emergency Fund CD = $4,043
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$2,884$281
$5,250
$5,413
$400
$5,940
$1,195
$5,891
2013 Total Costs
Admin.Misc. ExpenseGradingRoad BaseWaterMgCl2Labor/EquipTBD (Balance)
After Admin. & Misc. Costs, a total of $24,089 would be available. Dates of April 13th through June 30th = 2013 performed work ($18,198). Administrative / Misc. Costs = taxes (St. & Fed.), PO Box, postage,
insurance, printing, professional fees, office supplies, tax preparation, etc… Road Maintenance = the rest of the pie.
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LTRA Road Map
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Lower Stagecoach
Upper Stagecoach
Lower Ponderosa
Upper Ponderosa
Silver Sage
Sunrise Drive
Gray Mt.
$0 $1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$4,105
$945
$3,840
$2,581
$1,211
$5,066
$450
$0
$1,200
$1,500
$0
$0
$900
$2,300
2013 Road Cost by Location
Fall 2013 Planned Spring 2013 Complete
Total Road Work for 2013 = $18,198Fall Maintenance = Up to $9,500 (includes grader sale)…then it rained a little!
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2009-A 2010-A 2011-A 2012-E 2012-A 2013-E 2013-A 2014-E
-$8,000
-$3,000
$2,000
$7,000
$12,000
$17,000
$22,000
$27,000
$32,000
Total IncomeTotal CostsYear Net Income
Budget Comparisons
- Past deficits were made up by 2008 surplus and 2011 CD rollover.- 2013 Year Net Actual Income includes sale of grader ($3,606).- Mother Nature does not like us right now!!!
A = Actual & E = Estimate
DryYear
DelayedBy Flood
Expectationsof a late-
2013 or early-2014 recovery!
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History of LTRA Annual DuesSource: www.usinflationcalculator.com (2014 is estimated)
• About a 115% increase in annual dues since 1984!• Currently around 95% of expected inflation…very close!• No “originally planned” increase for 2014!...then it rained a little.
19841986
19881990
19921994
19961998
20002002
20042006
20082010
20122013
2014
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
$300.00
$350.00
$400.00344
Actual DuesInflation Adj'd
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2013 Summary No hefty repairs in 2013 except for 5K on Sunrise…still not excessive. No heavy storms before September…no expensive repairs. The early dry weather limited regular maintenance within the 2012 LTRA
budget. We were on-track for 2013 until the flood delayed fall maintenance. Not finished with all maintenance now…may lead into next April. The higher quality road base continues to be worth the cost. 2010 - 2012 “rebuilds” only needed normal maintenance, as planned. Larger projects are done…until it rained…a lot! Depending upon how the flood damage goes…no planned increase in 2014. A “special assessment” is possible depending upon discussion tonight
and FEMA Public Assistance via Larimer County outcome. Any feedback is appreciated!!!