Pier 3 Condo Association2014 Budget Meeting

December 2, 2014

• Call to Order• Updates on projects in process• 2015 Operating Budget• Long Range Plan• Reserve Analysis• Q&A

Agenda

December 2, 2014

• Lobby furnishings to be delivered by January• Garage fans replaced• New treadmills purchased• Inlet dredging commences in December• Seawall repairs designed. Work commences in the

spring• Atrium Study completed. Work commences by

summer • FHA paperwork filed. Approval pending• Resolution to long term receivables pending

Updates on Projects in Progress

December 2, 2014

2015 Operating BudgetHighlights• Prior Year Surplus• Cable Income Increase• Electrical Utility Increase• No Increase in fees

December 2, 2014

2015 Operating Budget

December 2, 2014

Highlights• Landscape Cost Increase• Snow Removal Increase• Health Care Cost

Resolution

2015 Operating Budget

December 2, 2014

Highlights• Insurance Increase

Long Range Plan

December 2, 2014

Highlights• 2014 Actuals• Workable

Progress through 2017

Reserve Analysis

December 2, 2014

Highlights• Line-by-Line Detail of Actual Costs

Pier 3 Condo Association2014 Budget Meeting

December 2, 2014

Questions and Answers