The Estates of Forest Creek Homeowners Association (EFC HOA) Board Meeting was held on April 7th, during which we reviewed the Treasurer Report as the end of the 1st Quarter 2015.
As is typical for the beginning of each year, our expenses slightly exceeded our income. Our EFC HOA Membership Drive has just recently begun and many of our landscaping improvements were expensed this past quarter, as significant payments were required in advance of installation. Despite this, we look to be in good shape financially. New and renewal HOA membership revenues are expected to catch up to budget in the 2nd Quarter. The initial Hearst Castle median landscaping work is expected to be completed by early May.
Denise Dengler, EFC HOA Treasurer