Finance Committee 2014 Year-End

The Finance committee is happy to announce that 2014 was a good year. Total spending for calendar 2014 was in line with the 2014 budget. While larger legal expenses were forecasted in 2014 this did not happen due to delays in the litigation for revetment issues. The unspent special legal funds have been rolled over into 2015 when it is expected to be used up. Income was better than anticipated due to architecture fees, gate access fees, and interest exceeding expectations.
Because of the hard work and diligence of all NSCA committees and NSCA staff overall expenses were kept in check. A small surplus was moved to reserves. Thank you all for doing such a wonderful job!
We are very fortunate to be living in a community that has very little bad debt. Thanks to all NSCA members for your continued support in paying your association dues.
We look forward to 2015 being another wonderful year for Niguel Shores.
—Sue Kichline