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Hidden Lake treasurer reports healthy balances; outstanding assessments down from last year
Summary
The Hidden Lake Association reported account balances across operating and reserve accounts, outstanding collections of about $33,300 (down from ~$36,000), and receipts of $47,000 to date for the 2026–27 assessment year versus $33,918 at the same time last year.
At the April 13 meeting, the Hidden Lake Association presented a detailed treasurer’s report showing operating and reserve account balances and updates on collections.
Fern Fisher, treasurer, reported the following rounded balances: SBW checking $101,642; SBW waterfront $7,991; SBW rainy day $15,632; SBW pre-pay savings $44,443; SBW capital expense $19,814; SCU savings $45; SCU checking $66. Emergency funds held in certificates of deposit were listed as: SCU 12-month E-Fund CD (maturing 5/15/26) $22,378; SCU 6-month E-Fund CD (8/23/26) $11,141; SCU 11-month E-Fund CD (10/19/26) $11,091. Donated funds included an SCU 7-month playground CD (maturing 9/6/26) at $2,951 and an Events Committee account with $103.
On collections, the board recorded an outstanding balance of approximately $33,300 (not including an amount owed by Bergstrom Electric), down from roughly $36,000 reported previously. Eight lots remain delinquent (one fewer than prior reporting); six of those delinquencies are aged more than one year and two are from the current year. Four lots are on payment plans that total about $19,000; four other lots are in various statuses (one pending probate, two in dispute, one late/nonpayment). The minutes list current payment-plan accounts (107-08, 117-01, 108-07), a behind account (108-03), and a completed account (111-34).
Receipts to date for the 2026–27 assessment year were reported as $47,000 compared with $33,918 at the same date last year. President Chris Vachon will follow up with Gary on member assessment questions and on a 2025–26 recap/audit request noted in the minutes.
The minutes do not record a roll-call vote for acceptance of the treasurer’s report; they show the board accepted and moved forward with the report during the meeting.
