The Refuge Community Association Finance Committee met on July 28, 2020, at the office of Amy Telnes Management Services. All members were in attendance: Fran Delach, Jeff Jennings, Tom Sanders, Ken Goddard, and Tom Graybill by phone. Association Manager Amy Telnes was also in attendance. The meeting was called to order at 3:35 p.m. by Chairman Fran Delach. Fran presented copies of the adopted 2020 Budget and all members had copies of the most recent financial reports up to May 2020.

Currently, the financial condition is in good shape with yearend projections estimated at between $82,000 and $140,000 in the “black” depending on pending project costs and final determination on proceeding with the North Entrance wall and improvements. Treasurer Delach expressed that he advises caution related to future capital expenditures as it may be more prudent to defer the more expensive projects to next year. Meetings between the Golf Course Owners and Association Board during the course of the year resulted in the appointment of a committee of professionals within our community to review the options of HOA participation in the Golf Course/Club. Although no definitive options have been presented or considered we will be studying various issues and options.

General discussion resulted in the following Finance Committee recommendations to the Board of Directors:

  • Proceed with engineering for the North Entrance Wall and determine permit and final estimated construction costs.
  • Proceed with needed drainage/damage repairs on Deacon adjacent to Hole #1.
  • Have Board consider relaxing Bid policy for repairs or work under $5,000.
  • Hold off on North Wall construction until after engineering is complete with draining costs being included.