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2016/2017 Fiscal Year-End Report

posted Jul 8, 2017, 5:06 PM by Washington Lake Association   [ updated Jul 9, 2017, 5:21 PM ]
The WLA Fiscal year came to an end on June 30th, 2017. Below and in the Resource Center you will find the final report for this past year.

Some items to note:

    Liability Insurance:  
    We ended up paying two installments of the three required for this 3 year policy. The first installment was billed in July 2017 and the second year was billed in June 2017. This came about because the new policy started on June 20th, 2016 and the insurance company sent the bill in July for the first installment of three. The insurance company billed the second installment in June 2017, which we paid. The 3rd and final installment will come due in June 2018 and it is in the 2017/2018 budget. This will provide coverage until June 19th, 2019. Prior to this new liability policy the agency we worked with billed us in July but now the insurance company bills us directly requesting payment in June. 

    Unplanned items: 
        Ring Bouy at the beach: This throwable life ring was acquired last year as a safety item after discussions and approval at the board meeting. 
        New lock for the boat ramp: The prior lock stopped functioning properly and was being left open due to issues with it closing properly.
        Safety marker and line for the dam:  Due to the amount of rain we have received a large volume of water was flowing over the dam and it was felt that we needed to provide a heads up to boaters and swimmers that they were approaching the dam and might get drawn over due to the current from the outflow. 

So that is it for last year. If you have any questions please feel free to contact me by clicking on E-mail Treasurer over on the left. 

I am still working on the FY 2017/2018 budget report and will publish the initial report after conferring with the board. 
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Washington Lake Association,
Jul 8, 2017, 5:06 PM