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3/14/2012 6:54:13 PM
 
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Section 5: OPA Board Subject: Henny Youngman and OPA Msg# 825257
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I have taken the time to add up the cost of our amenities from the 2011 audited statement. The negative cost of operations is -$114,376.00 not including the Community Hall. However, one must also add to this number the applicable depreciation for the amenities which must be funded by the memberships assessment dollar and the total cost in 2011 was $1,005,137.00 not including the Community Hall which I would guess could add another $200,000.00 +/-. That is over $140.00 per member. Pretty soon we could be talking real money.
Marty, Thanks for doing that. I look at the 114,376 as the real cost. The depreciation issue is the maintenance of our existing structures which is sorely needed and it is the cost of living in OP. Thanks again. Bill |
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For reference, the above message is a reply to a message where: Bill: I have taken the time to add up the cost of our amenities from the 2011 audited statement. The negative cost of operations is -$114,376.00 not including the Community Hall. However, one must also add to this number the applicable depreciation for the amenities which must be funded by the memberships assessment dollar and the total cost in 2011 was $1,005,137.00 not including the Community Hall which I would guess could add another $200,000.00 +/-. That is over $140.00 per member. Pretty soon we could be talking real money. Marty |
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