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| ![]() (Page 2) President’s
Message (Continued) Financial Overview: As a result of last year’s $25.00 increase in annual assessments, we have managed to improve our Balance Sheet in spite of the rising cost of utilities and gasoline: • The K-Oaks facility is now totally debt free. • Debt level 2008 YTD is $563,169 vs. $954,865 in 2007 • Revenues 2008 YTD are $1,717,546 vs. $1,360,365 in 2007 • Expenses 2008 YTD are $1,337,748 vs. $1,234,518 in 2007 NOTE: We encourage you to visit the LVPOA website located at http://www.lvpoa.org where you can view all the latest information along with our interactive, online calendar which shows all current reservations and events being held at LVPOA facilities. Respectfully submitted, Dave Freeman – LVPOA President
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