Legal Update (9/30/20)
September 30, 2020President’s Update (9/30/20)
September 30, 2020Treasurer’s Update (9/30/20)
The update below was provided by Scott Rockafellow, ILPOA Treasurer. If you have any questions for Scott you can email him at bod.srockafellow@ilpoa.org.
As we move into the final Quarter of the year, the financial picture looks stable for the community. We are a little
High on the overall operating budget at 77%, however, with prudent and watchful spending, we believe we will come
in very close to budget. We are running a little over in the maintenance area, and I anticipate that will continue to
happen as we get into colder weather. One very positive note, is that part of our operating budget now includes funding
SAVINGS for the future. $20K is being put into a reserve account, and $10K is being put back into the Dam Fund, as we had
To utilize some of that fund to repave the road over the Dam last year.
As expected, free cash remains tight, but I am happy to report that ALL areas are doing a very good job controlling expenses.
As always, if you have any questions, please contact me at bod.srockafellow@ilpoa.org.
Scott Rockafellow
ILPOA Officer & Treasurer
