2020

Zoom Annual Members Meeting August 28, 2020
HOA Assessment fee $60
2020 Board Members: Michael Maloney, President; Jamie Braithwaite, Vice President; Logan King, Treasurer; Ted Heckathorn, Architectural Control Committee Chair; Josh Chandler, Secretary
Financial Summary
- Checking Account balance $18,230.07 as of October 12, 2020
- Savings Account balance $33,260.11 as of October 12, 2020
- Delinquent accounts as of October 2020
  - 261 Homes $0 Paid in Full
  - 52 Homes $60
  - 1 Homes $80
  - 2 Homes $100+
Bookkeeping & Property management
- Resignation of Jim & Joy Lea, Property Managers and Anna Snarr, Bookkeeper as of October 1, 2020
- Craig Hill of John, John, and Hill Accounting as of October 1, 2020
  - Produce and send annual bills to SBHOA members (316 homes)
  - Scan/store and deposit collected funds into SBHOA bank account (316)
  - Prepare/transmit to Board for review quarterly reports and annual report for annual meeting Prepare and file annual tax returns
  - Act as the Registered Agent
  - Track payments and follow established collections procedures
  - Continuously update records
  - Prepare checks for signature by association to pay bills received
  - Receive mail for SBHOA
  - Answer requests for title companies, as needed, regarding homeowner assessment payments Compose and mail violation letters as directed by The Board
  - File Annual Report with the Idaho Secretary of State
  - Complete bookkeeping services
Online Solutions
- SquareSpace Website & Online Payments
- Stripe Credit Card Processing
- Bank of Idaho Online Banking
- Xero Accounting Software moved to Quickbooks by Craig Hill October 2020
- Adobe Sign for document signature
Violation Reports
- RV Parking behind fence adjacent to garage, sheds, cleaning up after pets, trees, trailers, sidewalk maintenance, junk/weeds in front yard, damaged/broken mailboxes
Community Improvement
- 60% of homes connected to Fiber Internet Pilot Program by City of Idaho Falls
- Neighborhood Block Party Summer 2021
Real Estate Report as of August 2020
- Homes Sold: 16
- Homes on Market: 1
- Homes Pending Sale: 3
- Average Sale Price: $402,319
- Average List Price: $402,155
- Average Seller Concessions $2,452
- Average Days on Market: 32
- High Sale Price: $590,000
- Low Sale Price: $308,000
- Average Price/Sq Ft: $