December 2016 Newsletter
As 2016 comes to a close the Beacon Knoll HOA Board would like to update the Association on a number of items.
Budget / Expense Update – The Board is pleased to report that the Association is in very good financial shape. As of the end of November our expenses are well under budget and our income for the year will exceed our budget projections. The net result is that at years end the Association will have a budget surplus that will allow the HOA to add to our long term repair and improvement reserve as well as fund several projects for Beacon Knoll aimed at improving Beacon Knoll and our Common Areas. The HOA’s November month end financial position is shown below.
Capital Reserve $14,001.00
Checking (Operating Account) $49,510.62
2017 Budget Planning – The Budget for 2017 is close to completion. Based on our 2016 expenditures and income, Assessments for 2017 will remain at $610 for the single family homes sections and $408 per year for the Villas. The 2017 Budget will include a number of items aimed at improving the Common Areas and the lake shoreline. Some of the improvement projects will include upgrading the playground area, adding a stone façade to the block wall at the clubhouse and added landscaping and other improvements to the clubhouse.
A final budget will be submitted to the HOA for approval in mid January with the vote being finalized at the Annual HOA meeting.
2017 Beacon Knoll Annual HOA Meeting – The Annual HOA meeting is tentatively scheduled for 2PM on Sunday January 29, 2017. A formal notice of the meeting along with the proposed budget for 2017 will be distributed in mid January.
Beacon Knoll HOA Board of Directors Position and Elections – Pat Broome has been appointed by the Board to fulfill the vacant position on the Board created by our recent vote. Pat’s term will run through the end of 2017.
Three Board positions are up for election in January. The terms of Scott Kendrick, Ian York, and Wendy Burkhard end at our Annual Meeting. If you would like to serve on the Beacon Knoll Board of Directors, please submit your name to the Board via email at email@example.com or to a current Board Member by January 15. A ballot will be sent out ahead of the Annual Meeting for the Board of Directors elections. Board terms are three years.
Lake Shoreline Work- The Board has included funds in the 2017 HOA Budget for work on the lake shoreline aimed at stabilizing the shoreline and improving the shoreline in general. Edwards Lawns will begin working on the shoreline as soon as possible.
Dog Walk Waste Stations – Based on the success and use of the Dog Walk Waste stations the Board has approved the purchase of several additional stations. These will be installed in the Villas, at the rear of the clubhouse and the front entrance of Beacon Knoll.
Communications –Please remember to check the Beacon Knoll website for announcements and information. You may also want to check our Facebook page for information. You can also add your name and email address to the Directory on the Beacon Knoll Website to receive announcements and updates via email.
As a reminder the HOA’s mailing address is:
Beacon Knoll Homeowners Association
2764 Pleasant Road #10309
Fort Mill, South Carolina 29708