Kings Park West Community Association

Board of Directors Meeting Minutes

 August 14, 2024

Board Members in Attendance:  Maureen Pettis, Sharon Decker, Mark Heppner, Larry Velte, and Jim Bovino.

Meeting called to order:  7:30 pm. 

Approval of July 2024 Meeting Minutes:  Approved.

Treasurer’s Report:  July 2024 financials reflected the following:  one CIT Operating Account with a balance of $4,620.32; two general fund CD's with balances of $5,667.88 and $5,650.47; one Reserve Study CD with a balance of $24,552.97; [Accounts Receivable - $4,918.44; Allowance for Bad Debts - ($4,440.00); Prepaid Expenses - $301.19]; total other current assets with balances of $779.63; bringing the total assets to a balance of $41,271.27.

Old Business:

• Unpaid Assessments: The delinquencies remain a significant problem with 15 homeowners owing unpaid assessments (total delinquency approximately $4800).  In March, Burke Community Management Group (BCMG) sent final notice letters reminding homeowners they have overdue assessments.  Board will subsequently send letters to remaining delinquent homeowners saying that Board will continue placing liens on their home. Board will keep legal counsel informed of this action.
• Cleanup at Commonwealth and Sideburn: Board will contact a vendor to mulch and weed to improve the landscaping of entrance to KPW at this intersection.
• Tree Work: Board paid vendor for taking down dead tree on Ashcroft.
• Post Office Box: Board paid U.S. Post Office $236 payment for mailbox renewal.

New Business:

• Board Meeting Schedule: Next monthly meeting scheduled for September 11, 2024, at Laurel Ridge Elementary School.

Hearing no further business, the meeting adjourned at 8:01 pm.