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2012-09-29T00:00:00.000Z

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Wrong Dan Johnston?

Mr. Dan Johnston

Chief Financial Officer

Treasure Lake

Treasure Lake

Background Information

Employment History

Chief Financial Officer
Treasure Lake Property Owners Association Inc


TLG

Web References (31 Total References)


Chief Financial Officer Daniel ...

www.thecourierexpress.com [cached]

Chief Financial Officer Daniel Johnston testified Tuesday in a hearing before the Treasure Lake Advisory Board.

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Johnston has been the CFO at Treasure Lake for about four years. He also served a three-year term on the board from 2003-06.
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Johnston said the uncollectible debts aren't written off as there is a hope someday the POA will have the manpower and money to collect it. He said the assessment at the end of 2011 was $788. It is $835 this year. Johnston said there are limitations to how high the assessment can be raised each year. When Sandy Township Attorney Scott Wyland asked what amount that was, Johnston said not more than 10 percent without the "super majority of the board" voting in favor of it.
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Johnston said there are plenty of people who would help man the borough. He said he is comfortable with the current management structure of the POA.
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Johnston said, financially, the POA has been on the upswing for the last four years. It bought the golf courses in 1996 and about 3,000 acres of undeveloped land in the community. Since then, it has been working on paying down that debt. Johnston said the The POA is slated to pay the debt off on time or one year early. The organization's major delinquent payments relate to vacant lots. About 40 percent of those vacant lots are owned by 10 or 11 different entities. The POA has made attempts to collect the delinquent money to the level its budget can sustain. Johnston said going after the delinquent payments comes at a significant cost since many of the property owners live out of state. He said there are about 1,100 lots just to file liens and claims on in which the owners are in bankruptcy. q q q


Key Contacts

www.treasurelakepoa.com [cached]

Chief Financial Officer, Dan Johnston: Ext. 104 • E-Mail


TLPOA Chief Financial Officer Dan ...

www.thecourierexpress.com [cached]

TLPOA Chief Financial Officer Dan Johnston reported that assessment collection on permanent lots is 4,169, which is 18 ahead of the budgeted 4,150. He said collections of last year's assessments totaled $36,000 and $31,000 for more for years prior to that.


TLPOA Chief Financial Officer Dan ...

www.thecourierexpress.com [cached]

TLPOA Chief Financial Officer Dan Johnston was named interim general manager.


TLPOA Chief Financial Officer Dan ...

www.thecourierexpress.com [cached]

TLPOA Chief Financial Officer Dan Johnston said there are less homeowners not paying then a year ago.

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Johnston said golf memberships are down 19 from a year ago.

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