Town Meeting ~ November 14, 2013

All Current Board members present

Treasurer John Porter: Presented the Financial Highlights ~

DPOA Financial Highlights
Oct. 31, 2013

page 2

“I want to clarify our money situation. We have more cash available for a couple of reasons: …”

• The Sticker Fees
• Over payment on a tracker lease
• Totaling $39,000.00

Paraphrased:  Over all we are taking in less money this year because delinquencies on lots are up 10%.  We are taking measures to keep costs down, and our cash flow is slowing down this time of year.  All of our Annual Dues have been paid, all of our semi-annual dues have been paid, the only thing we have coming in is the income from the 19^th Hole, the golf course and the few who pay their dues monthly.  That money is about $170,000.00.  Our over head costs is running right at $35,000 per month. 

• $35,000 over the next 5 months = $175,000
• We will need to cut some costs
• Assets are wearing out – we must be pro-active in maintaining our assets.  This is what maintains our property values

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Bill of Assurance - area of concern



Diamondhead's Bill of Assurance
Page 2, Section 5.   Nuisance

GM Eric Markle asked me to post a copy of
Diamondhead's Bill of Assurance, page 2, section 5. Nuisance.

I have underlined the immediate area of concern, as per our GM.
Please click on the picture to enlarge.