This page was last modified on Saturday, July 19, 2008 11:58:17 AM

Treasure’s Report, 2008

Time has come when property owners should be aware of the projects and how the monetary allocation of funds pertaining to these projects is distributed. The following figures are projections and in some cases actual costs for the year 2008. Some of these projects have been completed, others are in progress and some are to be started.

The BLPOA has been awarded LARE grants from the Indiana Department of Natural Resources in the amount of $33,837 for the treatment of exotic weeds, specifically Eurasion Watermilfoil and Curly leaf Pondweed. It should be pointed out that we have received the third highest amount of LARE money available to all of the associations in this State.

Projection Costs are as follows:

                                                 Cost            LARE               Other             BLPOA           

                                                                    Income             Income          Cost
Exotic Weeds
           Milfoil                            28125           25312               0                   2813
           Curly leaf                       5880             5292                0                   588
           Curly leaf                       5187             0                     0                   5187
Nuisance Weeds
           Channel -Algae              24824            0                     9                   24824
           Lake Wide – Algae        3500              0                     0                   3500
Rent                                        400                0                     0                   400
Fundraiser
          Supplies                        1000               0                     7500             1000
Barbee Dredging                       31914.30        19005.30          0                  12909
Newsletter                                1500              0                      0                  1500
Kuhn Dredging                          166850          123750              0                  43100

Total Monies Available:                      Total Monies Owed
          Check Acct $63150                                       $95,831
     Mutual Fed-CD $50000
                         $113,150

The above figures are representative of what we perceive to be our income and expenses as of this writing but we want to emphasize that these are projections in some cases and are subject to change. We have a current contributing membership of 512 property owners which is down from last years total of 648. If support for our endeavors does not continue we may have to curtail some of the projects until monies become available.

There is no cost to pay for BLPOA personnel tending to dredging, weed control, grant applications, book-keeping, maintaining our website, and fundraising. We all are VOLUNTEERS.

There are unknown costs that have not been included in the balance stated above. We started the year, 2008, with a balance of $50,000 and the projection to start next year, 2009, will be $25,000. The Kuhn Lake Dredging Project is Phase I of two Phases. The unknown costs are related to the completion of the Little Barbee Dredging Project, the start and finalization of the Kuhn Lake Project and the BLPOA property Owners Directory. The projected costs for these three entities are $13,000.