Monthly Financials

2024-11 Monthly Financials

Michel

NOVEMBER 30, 2024, FINANCIAL AND GENERAL COMMENTS


The financial data as of the end of November included in this report has no forecast change compared to the yearly budget except for the interest revenue forecast, we added $5,000.00 in interest revenue compared to budget. At one point the interest rates were coming down, now they are back up by over 4%. This may lead to a higher inflation rate in the future. All interest revenue have no impact on profit and loss statement, they belong to the various reserve accounts.

Currently on-going work includes phase one of the removal of either dead bushes or the replacement of Ficus. The plants that were removed will be replanted soon and grass will be replaced. There is some mulch areas to complete, and our staff will do those.
We are currently in the final negotiation for a new electrical golf cart and the installation of 3 solar lights at the retention pound. These will be on the west side as a test and if satisfactory two more will be added and one by the garbage area.

On the internet installation, over 300 of our owners are active with Blue Stream and from comments received performance is very good. If your unit does not have 2 pods, please contact the office and they will follow with Blue Stream. Please do not accept any charge for the second one, two per unit is stated in our contract. For unit types A and B, one suggestion to improve performance, if your second pod is behind a piece of furniture, like next to your entrance door, move it to the wall next to your dining table,
you will notice a substantial improvement in Mbs performance level.

Regarding the dog situation, we do hope that all of those have the appropriate approval from the administration, following presentation of appropriate document made by the owner and a doctor certificate stating the necessity of such. The park and the south end of the property are not areas where dogs can be unleashed. The rules and regulations are specific, dogs need to always be on a leash.
Respect the areas that are called private common areas, if going to the garbage area please use the roadway or sidewalk, not a shortcut using a grass area.
Car speed is unbelievable, maybe only 10% of our residents and visitors do respect the 10 miles per hour limit. We are planning to install a speed device with photos. Please slow down for everyone’s safety.

On the pickleball situation, hours of playing times were changed, silent balls are being tested and now silent pallets are also available on the market. Your Board is following the evolution of the situation and will make further recommendations. The silent balls reduce the sound level in a big way and the silent pallets also.
Remember, no glass container nor food at the pools areas or spa, this is not only a rule of Waterside, but also stated in the Florida Statutes. We are certain that you do not want to have the pools area closed.

Thanks for reading, All the Best for Christmas and the New Year.
Andre Mongrain, President

Please find the full details attached below:

FinancialReport_2024-11-30_english
FinancialReport_2024-11-30_french

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