GRF Business Planning Recap
Information will be posted here as the Meetings for Development of the 2014 GRF Business Plan are underway.
2013 Business Planning Meeting Recaps:
GRF Business Planning Committee - Version 4 Synopsis
September 17, 2012
The GRF Board passed resolutions approving the 2013 Business Plan, Replacement Reserves Plan, and Capital Reserves Plan at their September 4, 2012 Board meeting. The 2013 basic assessment for GRF was established at $208.40 per manor per month (PMPM), an increase of $0.65 PMPM compared to 2012.
GRF Business Planning Committee – Version 3 Synopsis
August 10, 2012
Special televised Board meetings were held this week for the purpose of reviewing Version 3 of the 2013 Business Plan, providing a final look at the proposed budgets before approval. Ms. Parker, Financial Services Director, noted that considerable time is required to prepare and mail budget packages, including personalized letters to each member in November. Therefore, it has been the practice of the Boards of Directors to adopt their respective Business Plans at the regular September Board meetings after completing several months of review.
For GRF, the primary service level changes included in the 2013 Business Plan were discussed, including a change in the tax status, the addition of the Village Greens Café, and in-house management and operation of the broadband systems. During review of the proposed capital plan, the Board voted unanimously to add back a project for Phase 2 of the golf cart path improvements at a cost of $187,900, removed in an earlier version. The GRF portion of the basic assessment for 2013 is proposed at $212.40 per manor per month (PMPM) or an increase of $4.65 PMPM compared to 2012.
GRF Business Planning Committee – Version 2 Synopsis
July 20, 2012
On July 19, the GRF Business Planning Committee met concurrently with the Corporate Members for the purpose of reviewing Version 2 of the proposed 2013 Business Plan. Betty Parker, Financial Services Director, presented Version 2 of the proposed Plan which reflected an increase of $9.72 in the monthly assessment for GRF operations and reserves. The primary service level changes impacting the 2013 Plan were discussed, including a change in the GRF tax status, the addition of the Village Greens Café, and in-house management and operation of the broadband systems.
The Committee, comprised of members from GRF and all three housing Mutuals, reviewed the budget line items in detail, discussed the purpose of the Trust Facilities Fee Fund and made the following changes:
- Remove the 2013 wage adjustment for all union and nonunion employees.
- No increase in reserve contributions for 2013, relying instead on new funding available from the Trust Facilities Fee for certain facility reserve expenditures.
GRF Business Planning Committee – Version 1 Synopsis
June 13, 2012
On June 13th, the GRF Business Planning Committee had their first look at the proposed 2013 Business Plan. Betty Parker, Financial Services Director, presented Version 1 of the proposed Plan which reflected an increase of $11.59 in the monthly assessment for GRF operations and reserves. The primary service level changes included in the 2013 Plan were discussed, including a change in the GRF tax status, the addition of food service at the Village Greens, and an option for in-house management and operation of the broadband systems.
The committee, comprised of members from GRF and all three housing Mutuals, reviewed the budget line items in detail. A motion was made by Director Murphy to reduce the wage adjustment for employees to 2%. Discussion ensued and the motion passed.
The Committee began review of 2013 Capital Plan and continued review on June 22, 2012. In an effort to prioritize spending and coordinate long range planning efforts, several projects were delayed for a future plan year including: Equestrian Center Stall Mats, 9-Hole Golf Cart Paths Phase II, Clubhouse 1 Toilets, Golf Practice Area Relocation, Clubhouse 3 Dining Room Flooring, and Bocce Ball Patio Extension.
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