FRANKLIN MEADOWS
TREASURER MID-YEAR REPORT

It’s already June, and time for the mid-year Franklin Meadows financial report. This year is shaping up to be an expensive one for our subdivision.

The category that has seen the biggest percentage of change is Maintenance. Due to the above average number of snow falls and the effects of Mother’s nature, our maintenance spending has increased by 30%. Included in this increase was the paving and seal coating of the Big Parks pathways.

We did manage to cut our Insurance costs again this year and most of the other categories other than Utilities were in line with last year. While our financial situation is good, the ever increasing rise in costs hampers our ability to move beyond just maintaining what we have, instead of making improvements.

Other change that has happened financially was that the Board in December passed an increase in the Franklin Meadows Association Dues to $175.00 that will be reflected in the billing that will be mailed out in September of this year. The hope is that this increase will allow us to continue the level of service that has been provided in the past and withstand our ever rising costs without having to revisit the idea of another increase in the near future.

Sincerely,

Bob Michalewicz
Franklin Meadows Treasurer









2007 Year End
Treasurer’s Report


With the year 2007 now in the history books, as Treasurer I want to recap the expenses of Franklin Meadows for the past year and I am having posted a detailed report of the Franklin Meadows Subdivision expenses for the year. The year 2007 has been an interesting year to say the least.

Our biggest expense category has been Maintenance. Under this heading is included the resurfacing and resealing of the pathways south of Independence. These were done to keep them in a safe state of repair. Most of the other subcategories, were in line with the previous year. But looking forward most of the costs we face in this category will be going up.

One of the areas, we were able to cut costs vs 2006, was in category of Insurance. Our insurance needs were put up for bid and we were able to reduce this expense in the amount of $2,275.03.

All the other categories, were in line with the previous year and we were able to keep the level of services provided at their high level. A special thanks should be given to our Social Director, Karen Hebel, for her hard work at keeping up our strong line up of social events and doing so while keeping their costs at 2006 levels. The number of residents participating at these events has been growing.

Looking forward, the board is planning to have the pathways resurfaced and resealed north of Independence. This will bring all of the parks pathways up to a high standard. The playground equiptment in the big park is need of improvements and might be addressed if funds permit.

Your board has worked hard to keep Franklin Meadows a beautiful place to live. But as homeowners, there are things that you could help to make this task easier.

- Volunteer to help in your subdivisions events. Events like The Park Clean Up, Oktoberfest and The Easter Egg Hunt are huge undertakings and the more residents involved allows the board to keep costs under control.
- Pay your dues on time. If you can’t, please contact any of the board members to make an arrangement that works for you. This will save us from having to go to the expense of getting the FMC attorney involved.
- Finally, thanks to all who have paid their dues on time. The late fees of $10.50 must be added to any checks after March 1st, 2008.


Respectfully Submitted,
Bob Michalewicz