Treasurer's Report for Jan 2025
Posted on Feb 18th, 2025
To: Villas of Wake Forest Unit Owners
From: Dan Becker, Treasurer
Please see attached select this link “Financial Highlight Report” for explanations for changes from December 2024 to January 2025. The Villas is off to a good start compared to budget.
The 2024 operating surplus of $27,319.52 will be transferred to the Villas Reserve Fund in February as required per the Villas governing documents.
A $20,000 FDIC insured investment in a certificate of deposit was made for the Operating Fund. Money in the Operating Fund is non-interest-bearing due to the bank our property management company uses. This is the first time we will earn some interest on an Operating Account.
The financial reports can be found on the following site:
Please let me know if you have any comments or questions. The Board will respond and include any such comments/questions in its normal update to the Community.
Cc: Villas of Wake Forest Board
