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This profile was last updated on 1/14/12  and contains information from public web pages.

Treasurer

CITRUS COURSE HOMEOWNERS ASSOCIATION
 
Background

Employment History

Board Memberships and Affiliations

52 Total References
Web References
Minutes, January, 2003
www.citrushoa.com, 14 Jan 2012 [cached]
Curtis Barlow, Secretary Jim Jepson, Treasurer
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Jim Jepson made a motion to i) paint the curb red on both sides of the center islands located on Mandarina, near both the Cayman and Cozumel gates, and ii) sandblast the existing red curbs at the corner of Sandia and the area located by the sales trailer and model home located on Mandarina.
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There being no further business to come before the Board of Directors, Jim Jepson made a motion to adjourn the meeting at 11:50 a.m. Curtis Barlow seconded the motion, and the Board unanimously approved it.
Minutes, January, 2003
www.citrushoa.com, 14 Jan 2012 [cached]
John Westcott, Director Jim Jepson, Treasurer
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The motion was seconded by Jim Jepson and unanimously approved.
Present: Bill Jones, Vice President ...
www.citrushoa.com, 14 Jan 2012 [cached]
Present: Bill Jones, Vice President Jim Jepson, Treasurer
...
Jim Jepson reviewed the June 2011 financial statements and forecast. Tim Galbraith made a motion to approve the June financial statement with the correction noted by Jim Jepson's report.
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Jim Jepson reviewed the Association's Investment Policy and Reserve Cash Flow Plan which describes the ladder of Certificates of Deposits, amounts, locations, maturity dates and rate. Jim Jepson noted that the First Foundation Bank is negotiating to acquire Desert Commercial Bank in late 2011. If this merger happens the Association will have $384,686 invested until the first maturity on February 4, 2012. The early withdrawal penalty equals three months of interest. Based on this information the Board of Directors decided to leave the money until maturity.
Jim Jepson made a motion to authorize legal counsel to file a lien on APN 77614009-2 and APN776250007-0 for delinquent assessments.
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Jim Jepson reported that there are 34 delinquent accounts with a balance greater than $100 of which are more than 90 days delinquent.
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Bill Jones reported that Jim Jepson, Tim Galbraith, Barbara Vanscoder and himself met with Diana Garcia and Scot Kohler from Time Warner Cable to discuss the upcoming contract renewal options.
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Jim Jepson seconded the motion, and the Board of Directors unanimously approved it.
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Jim Jepson seconded the motion and the Board of Directors unanimously approved it.
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There being no further business to come before the Board of Directors, Bill Jones made a motion to adjourn the meeting at 11:15 a.m. Jim Jepson seconded the motion, and the Board unanimously approved it.
Minutes, January, 2003
www.citrushoa.com, 14 Jan 2012 [cached]
Jim Jepson, Treasurer Mike Blower, Director
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Jim Jepson noted that the corrections requested for the October and November Financials will be reflected in the December Financials.
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Jim Jepson made a motion to approve the October and November Financials subject to the corrections being completed in the December Financials.
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Given the current economic situation, Jim Jepson advised the Board that the Finance Committee felt that it was prudent to shift the core account investments in the Fidelity account to Municipal Bonds.
Jim Jepson reviewed each line item of the proposed budget for the fiscal year 2008-2009.
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Gail Lopes made a motion to approve a resolution to open an account at Pacific Western for this deposit with the authorized signers of Bob Kroll, Tom Morton, Jim Jepson, Gail Lopes and John Westcott.
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Jim Jepson noted during the review of the budget that excess funds of $58,000 should be transferred from the operating account to the reserve account. This action will help the Association meet the funding requirements as provided by the recent reserve study performed by SCT Reserve Consultants. Jim Jepson made a motion to transfer the $58,000 from the operating account to the reserve account.
Present: Bill Jones, Vice President ...
www.citrushoa.com, 14 Jan 2012 [cached]
Present: Bill Jones, Vice President Jim Jepson, Treasurer
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Jim Jepson made a motion to approve the June 13, 2011 minutes, as corrected.
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Jim Jepson reviewed the June 2011 financial statements and forecast. Jim Jepson made a motion to approve the June financial statement with the exception of the reserve statement as the expenditures are not current.
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Jim Jepson noted that the Fidelity fund account will be moved from a Treasury account to Municipal bond accounts.
Jim Jepson reviewed the Association's Investment Policy and Reserve Cash Flow Plan which describes the ladder of Certificates of Deposits, amounts, locations, maturity date and rate.
Jim Jepson noted that in executive session the Board of Directors authorized a Notice of Default on account 03202102 for delinquent assessments.
Jim Jepson reported that there are 37 delinquent accounts with a balance greater than $100 and which are more than 90 days delinquent.
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Jim Jepson seconded the motion and the Board of Directors unanimously approved it.
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Jim Jepson noted that IID has increased refunds for solar energy installation and inquired as to the status of the Committee review of the solar guideline.
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There being no further business to come before the Board of Directors, Jim Jepson made a motion to adjourn the meeting at 10:51 a.m. Bill Jones seconded the motion, and the Board unanimously approved it.
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