Here is a copy of the proposed Daybreak 2009 budget, as you can see due to the decline in home sales and HOA fees outstanding we have a budget deficit and some cuts will need to be made. I am also attaching a worksheet that lists the budget adjustment suggestions made by the residents at the meeting and a copy of the HOA agenda for the budget workshop meeting which has details on the CCMC headcount in the community and the newly requested positions, the HOA fee delinquency total, and other areas of potential reductions that could help reduce the budget deficit we are facing.   

I also sent a note off to the KL management team with the following budget reduction requests: 

1.   Newsletter - quarterly instead of monthly (already on the list of being reviewed I believe), a savings of $76,449..

2.   Tree replacement - Any trees west of Oakmond in Founders Village and in Eastlake Village should be paid for by Valley Crest considering the HOA office did identify all the dead trees in late spring/early summer before the warranty expired, however action was not taken because the ideal time of year to replace the trees (early spring) had passed. Kennecott Land should be able to require Valley Crest to replace these which would save about $29,000..

3.   Security - I believe most residents feel that the only security we need is the lake security, we can get rid of the patrol security which would be a savings of about $95,000. AND please note we can work together (the HOA, the BOD, and the HOC) on supporting the neighborhood watch program and I would be willing to work with the city to get them to beef up evening patrols in our neighborhood. .

4.   Programs -  We should eliminate the entire programs staff, the Lifestyle Director (Party Planner) position, and the 3 assistants that CCMC is looking to hire, this would save $110,000. My proposal is to have the programs committee be comprised of and ran by Daybreak residents and the new DCC assistant club director serve on the committee as a coordinator, not a leader. .

Attachments:

daybreak 2009 budget workshop suggestions from residents.pdf	[ ]	55 Kb
DAYBREAK 2009 Budget.pdf	[ ]	193 Kb
Daybreak HOA agenda for the budget workshop meeting.pdf	[ ]	98 Kb