The Annual Meeting was held last evening. Read below for the full report.
The newly elected officers are as follows:
President -------------Charles Wood
Vice President -------Jim Hannon
Treasurer -------------Tom Lockett
Secretary -------------Jack Watson
Congratulations to each one! May you serve our community responsibly, with steadfastness and joy.
Diane
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The Annual Meeting was opened in prayer by Jim Willis. Board Secretary, Mary Pracht, read the minutes of last year’s meeting. These minutes should become available on the Community web-site: www.diamondheadcommunity.com
President Massey reported on the condition of the roads, thanking the Roads Committee for a “job well done”. Mr. Massey explained how the weather conditions last winter caused unexpected necessary repairs to the roads in our community…. “In excess of $150,000.00, most of which is complete.” The necessary repair to the culverts located in the entrance to Diamondhead added an additional expense. “It had to be done.” “I am pleased with the way the roads are going. Hopefully, we will be able to put, in the neighborhood of $150,000 a year toward the roads.
“As many of you know, one of the things that I was big on when I ran for the board, and was elected president of the board, was to get this facility. I felt like it was one of our amenities that was being denied to us when we sold the old country club. I felt like we deserved it. We did get it done, and we occupied this place on, or about, January 1st of this year. It has been doing well. As Todd has said many times, ‘It is a work in progress, we’re learning as we go’. We have had great leadership from him. And, also, Tina has done a tremendous job keeping this (19th Hole) organized. It is not an easy chore. We have had a lot of activities taken place here. During a wedding reception held here, Governor Mike Beebe was in attendance, as well as, Senator Blanche Lincoln. Regardless of your political views, when you can get a governor of the state and a US senator here in our club, it is something to be proud of.”
Our golf tournaments have increased since we’ve had this facility. Money from our outside play has increased tremendously. Our membership has fallen down, but our outside play seems to be somewhat making it up. I can only see bigger and better things for our golf course.
Another good thing that has happened to us is the Lion’s Club sponsoring Bingo. We have it on Saturday nights and it has provided an additional income for the POA. It has provided something fun and inexpensive to do.
DRC has done well this year, especially with their energy homes. They sold their spec house and their Easter Seals House as soon as it became available. They are building another on the South side. Every time they sell a house, that is good for us, because we get the additional income.
Also I am very proud of Eddie Gilbert and his crew. They are doing a great job. This is one of the best golf courses in the state that does not cost over $200.00 a round.
So, we have had a lot of good things going on. Everything has not been rosy all the time. I know that I’ve been a disappointment, a time or two, to different people. But, again, I’ll say, I’ve done my best, and I thank you for the opportunity I’ve had.
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Terry Shipp gave the Financial Highlights. This will appear in a separate post.
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Audit Report by Gary Woosley. Copies of this report are available in the POA office.
Quoted from the report, page 3, paragraph 3:
“In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Diamondhead Property Owners Association, Inc. as of March 31, 2010, and the results of its operations and its cash flows for the year then ended, in conformity with United States generally accepted accounting principles.”
- Total Current Assets........................................$.. 713,025
- Total Assets .....................................................4,642,725
- Total Current Liabilities....................................... .524,733
- Total Liabilities ....................................................794,591
- Total Membership Equity................................ $3,848,134
- Total Liabilities and Membership Equity............. 4,642,725
- Total Operating Revenue................................. $1,686,261
- Total Operating Expenses.................................. 1,547,619
Net Income to Membership Equity.................................. 116,607
Membership Equity – April 1, 2009 ............................$3,731,527
Membership Equity – March 31, 2010.......................... 3,848,134
For detailed information contact the POA office at 262-4470
Note 9: Subsequent Events – Subsequent to March 31, 2010, the Association entered into an agreement with Diamondhead Condo Hotel, Ltd. (DCH). DCH is going to construct a family recreation center and condo/hotel, with no less than 100 units, outside of the Association’s gates. The Association granted rights to owners of the constructed units to use facilities of the Association at negotiated rates, all of which is contingent on DCH preselling 100 units. The ultimate outcome of these matters is not presently determinable; therefore, it is the opinion of management that the resolution will not have a material adverse effect on the financial position or results of operations of the Association.
Also, during the board meeting in July 2010, the board accepted the resignation of the Association’s general manager.
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Chief Matt Simpson – Fire Department Report
Assistant Chief Leonard Anderson and Jennifer Lefevre live here in Diamondhead
Thank you for the fund-raiser held by Diamondhead Community Church which raised $6,000.00 for the rescue truck. This truck will soon be assembled and located in the ‘Big Blue building’. Many thanks go to Dean Hartwell for selling 270 tickets by himself ! …“He is a Dynamo!”
Last year we responded to over 800 calls. Just today alone, since 6am, we have had 8 calls.
We have been talking with an architect regarding a new building. This station will be large enough to house an ambulance. Just outside of the South gate, we hope to be able to build it… Diamondhead Reality has offered the land if we can raise the money for the building.
We have 74 volunteer fire-fighters on our roll, including a cadet crew. This is our 5th year to be recognized as a “Fire –Wise Community USA”. We are really proud of that.
Call the main station to speak with any members of this department - 1111 Hwy 290. If you have an emergency please call 911….. I am not home much.
Remember to use the control burn number in the phone book (623-4382). This will save you money and it saves us money.
On the Condo/Hotel, we are thrilled that the community is developing, but I didn’t know it was going to be 3-5 stories tall until the other day. That is going to add over a $100,000.00 worth of expense to the fire department to get the equipment to protect that building. I’m not sure where we are going to find that money, but we will have to add a second aerial truck to keep our ISO rating, which is what keeps your insurance low. We will have to add another ladder truck to the department. Which brings us to another place… where we are going to put it ? This makes that fire station even more important. We have all we can get in the Blue building right now. It is not tall enough to put one of those trucks in there, anyway.
We are thrilled to be here, we love the community support, and anything we can do to help please call us. Thank you.
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Citizen of the Year: Bob Jones
“All I can say is I love Diamondhead. I can’t think of any place better to live.”
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New Members of the Board took the oath of office. Jack Watson, Charles Wood, and Doc Norwood
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Good bye to Frank Pohlkamp and Tom Wright
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Board members were excused to Executive session.
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Todd Belz says good bye as general manger. “Thank you for allowing me to be your general manager. I really am a people-pleaser and I was not able to please every single person here. That was one of the hardest things about the job and that really had a big influence on why I stepped down to being the golf pro. It was very hard to do both duties. But I really did want to please every single person out here. That is just my personality …..”
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Social Committee - “Thank you to everyone on the Committee this year ….” Debbie Clement reviewed the social events of the year.
John Cummins thanked the Lion’s Club for sponsoring Bingo Night.
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Max English spoke regarding the trash he has been volunteering to pick for over 30 years. However, since the 19th Hole opened up last January, he is not able to fit all the trash into his truck. He spoke with Todd regarding the excessive trash in hopes of solving this problem.
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Board members returned -- Executive Board members announced:
• President Charles Wood
• Vice President Jim Hannon
• Treasurer Tom Lockette
• Secretary Jack Watson
Charles Wood: We will need a lot of committee members to sign up. I hope you will all sign up for a committee. Special thanks to the police department. You always do a great job out here. Okay, since I’m noted for long speeches.(!) That’s all. Meeting’s adjourned.
Notes by Diane Porterfield
