Treasurer’s Report

January, 2007

It’s January. Happy New Year! I’m not going to dwell upon 2006 anymore. It’s 2007 and there’s nothing we can do about 2006. It’s gone, done, finished, behind us. Anything anyone does to 2006 will just be spinning the wheels for no productive purpose. In fact, January is the only time of the year in which accountants "take over" the financial results of the year gone by.

I love this month! Because accountants, laws, and the IRS are 100% in control of the past, and everyone else is only, well, in control of the uncertain future. Not to worry! Not in the least! This community has left me (an accountant) with a terrific year of numbers to crunch and "put to bed" for all those other "powers to be"! We’re going to end 2006 just the way we thought, in fact, it’s likely we’ll carry-over about $2400 (+ or -) more into 2007 than we thought. That’s a good thing … it’s pays for a few things we may not have expected, and keeps us with a solid $115 per month per lot assessment and cause us to look forward without any proverbial axe hanging over our head.

My job now is to look ahead for 2007, and set this year up to be another successful year. To do this, we plan ahead. Remember the 5 P’s? Prior Planning Prevents Poor Performance.

One good thing about having a financial officer on-the-job for more than just a few months is that he/she sees and understands the "flow" of numbers more. The learning curve is over … the new job honeymoon is over too! Now, it’s results that count. So, with that in mind, 2007 has presented me with some operational opportunities, which I am going to apply for our collective benefit with minimal risk and a powerful reward. The first step is with our CD investments. Between Star Management and myself, we’ve researched Colonial, Charlotte State, First Community, Bank United, Wachovia, Tarpon Coast (Busey), World Savings, Countrywide, AmSouth, SunTrust and Bank of America to seek out the best CD rates available. This process has been happening very quietly since last September.

I’ve reorganized our investments now with six (6) different banks with amounts all 100% FDIC insured and earning between 4.88% to 5.40% interest compounded either daily or monthly. Maturities will be between June 3, 2007 and December 29, 2008. What does all this mean? It means we’re going to experience a 97.6% estimated increase in our interest income, if my plan is allowed to mature. I believe it will and I’m going to take further steps in the next few weeks to negotiate added insurance/confidence in achieving this goal.

Operating-Am South             0%                                             0.00                                                         0.00

AmSouth Money Market     2.25%E                                 2953.17E                                                 1083.00E

World Savings Bank             4.88%                                  3841.14                                                    4610.00E

Countrywide Bank                 5.44%                                 4545.69                                                     5900.00E

Suntrust Bank                        5.21%                                 2605.00E                                                   5210.00E

Bank United                          5.40%                                         0.00                                                   5400.00E

Busey Bank (Tarpon Coast)  5.35%                                         0.00                                                   5350.00E

        TOTAL                                                                 13945.00E                                                 27553.00E