Insurance
Wall Street Insurance
105 Edwards Village Blvd. C-201
PO Box 20
Edwards, CO 81632
(970) 926-4900
(970) 926-4200 Fax
debbie@wallstreetinsurance.com
Community Association Underwriters
American Alternative Insurance
Policy # CAU527511-1
1/23/2024 to 1/23/2025
MET Mountain Homeowner’s Association
PO Box 2733
Avon, CO 81620
January 21, 2020
Dear Homeowner:
Please be advised that our homeowner’s association insurance carrier, Berkshire Hathaway Guard, has the following restrictions on grill use for residential communities such as ours:
The following is the stance of Berkshire Hathaway GUARD Insurance Companies regarding grills for habitational risks:
- Grill types – gas and electric are acceptable.
- Charcoal grills and smokers ONLY permitted on ground-level patios if located at least 10’ from buildings.
- Grill location – grill must be used and stored at least 5’ from all combustible materials including the following: exterior walls, furniture, storage, as well as away from any overhangs including eaves, canopy, or trees.
- Grill use must comply with all local codes.
- Roof top grill use not permitted unless building is Masonry NC or better construction, OR grill is located on no higher than a one-story garage.
The association supports best practices to prevent losses such as fires and we appreciate your attention to and compliance with these safety guidelines. Please contact us with any questions.
Thank you!
Chris Smith
President, MET Mountain Homeowner’s Association
Financials
Cash Basis
Met Mountain Homeowner's Association
Balance Sheet
As of August 31, 2023
ASSETS
Current Assets
Checking/Savings
Checking Account 1,040.00
Home Improvement Account 3,447.33
Savings Account 3,295.21
Total Checking/Savings 7,782.54
Total Accounts Receivable
TOTAL ASSETS 7,782.54
LIABILITIES & EQUITY
Equity
Retained Earnings Net Income 25,667.04
Net Income -17,884.50
Total Equity 7,782.54
TOTAL LIABILITIES & EQUITY 7,782.54
Met Mountain Homeowner's Association
Profit & Loss
January through August 2023
Ordinary Income/Expense Income
Fee Income
Association Dues 44,805.49
Reserve for HI 4,635.20
Total Fee Income 49,440.69
Total Income 49,440.69
Expense
Bank Service Charge 90.00
Insurance 14,882.00
Landscaping
Tree Removal 3,315.00
Landscaping - Other 5,187.25
Total Landscaping 8,502.25
Management Fees 1,800.00
Accounting Fee 3,250.00
Postage and Delivery 216.07
Legal Fees 10.00
Printing and Reproduction
Total Professional Fees 3,260.00
Repairs
2019 Roof Replacement
Water Damage 18,150.63 Hechman Legal
Other
Total Repairs Water Damage 18,150.63
Repairs and Maintenance 395.00
Snow Plowing
Snow Plowing 2,297.50
Total Snow Plowing 1,870.00
Taxes
Federal 30.00
State 3.00
Total Taxes 33.00
Waste Removal 3,465.58
Water & Sewer 14,364.35
Website 00.0
Total Expense 67,456.38
Net Ordinary Income -18,015.69
Other lncome/Expense
Other Income
Interest Income 25.38
Late Fee Income 105.81
Total Other Income 131.19
Net Other Income 131.19
Net Income -17,884.50
2023 Actual with Proposed 2024
2021 Actual 2022 Proposed
Fee Income 62,562.16 66,391.68 10% increase for 2nd thru 4th quarters
Collection of Past Due Fee Income 6,472.17 6,853.28 10% increase for 2nd thru 4th quarters
Collection of Past Due Home Improvement Charge 126.17
Finance Charge Income 134.83 150.00
Refund of Special Assesment
Finance Charge Income
Interest Income 29.22 10.00
Total Income 69,198.38 73,531.13
Bank Service Charge 120.00 120.00
Insurance 17,438.00 20,260.00
Landscaping 7,262.15 7,625.26
Tree Maintenance 3,315.00
Management Fee 1,800.00 2,400.00
Postage and Delivery 233.89 250.00
Accounting 4,650.00 4,800.00
Legal 10.00 10.00
2019 Roof Replacement 18,150.63
Snow Guards - Add On 395.00 1,000.00
Repairs
Snowplowing 2,847.50 3,000.00
Taxes 2.51 50.00
Waste Removal 5,325.06 5,500.00
Water and Sewer 21,593.34 24,185.00
Website Hosting 500.00
Total Expenses 83,143.08 72,700.26
Net Cash Flow (13,944.70) 830.87