August Scene - Flipbook - Page 5
Treasurer
continued from page 4
auditors verified that all 40
employees exist, that there
were no fictitious employees,
and that each employee was
paid the correct amount for
their position. They verified
timecards and confirmed that
direct deposits were made to
the proper bank accounts.
On the expenditure side,
the auditors examined 40 randomly selected disbursements
to confirm they were properly
authorized and recorded. The
check amounts matched the
related billings, were approved
by the appropriate department head and administrator,
included the required number
Highlights
continued from page 4
funds to support Sunriver
amenities but is opposed to
the CTF. She noted that when
purchasing multiple homes
in Sunriver, that would cause
the same owner to pay the fee
multiple times. She suggested
alternatives such as increasing
yearly maintenance fees (dues)
and charging a rental fee.
• Aaron Coldiron commented on the proposed Capital
Transfer Fee – he stated that
there is not a capital plan in
place so he doesn’t know exactly
how the money will be used.
He suggested that if there were
a solid plan, that would better
explain to owners how/on what
the funds would be spent.
From July 18 regular
meeting
• Paul Conte commented
on the second reading of the
President
continued from page 4
yet another opportunity for
owner input. It also provides
insight into who we are: short
term versus long term owners,
demographics, use of property
(primary, second and rental
homes), etc. Information to
be gained from these efforts
will be updated to evaluate
changes since the last survey.
Feel free to look at previous
of signatures, and were posted
to the proper line item in
the ledger.
In short, the auditors verified
that we do what our procedures
require. All expenditures must
be approved by the proper
department head and signed
off by the general manager
or another administrator. Expenditures more than $5,000
must be approved by a board
officer. All checks more than
$1,000 require two signatures:
one from the general manager
or assistant general manager
and one from a board member,
usually me as the treasurer.
Total assets increased from
$40,709,873 to $41,427,129,
an increase of $717,256. This
includes $13,986,840 in the
Reserve Fund for major repair,
replacement, and purchase
of physical assets, as well as
$27,360,368 in other assets.
Those assets include operating fund cash and investments
of $4,822,865; property and
equipment, net of depreciation, of $21,740,566; and assets not yet placed in service of
$388,094, such as projects under construction or equipment
ordered but not yet placed
in service.
These are assets jointly owned
by all Sunriver property owners, representing approximately
$9,900 per property.
Common property, including land, parks, bike paths,
private roads, and original recreation facilities, was conveyed
to the Association by Sunriver
Properties Oregon, Ltd., at no
cost. These properties are not
recognized as assets on the association’s balance sheet because
they cannot be sold and do not
produce significant revenue. As
a result, SROA’s total value is
even higher than the balance
sheet reflects.
Because SROA has no debt,
the auditors did not need to
verify debt balances or debt
agreements.
In many nonprofit audits,
there is a page or more of recommended adjustments to the
financial statements. In SROA’s
case, there were no recommended adjustments.
With the audit complete,
the Finance Committee will
Design Manual amendments
proposed for approval at the
Saturday meeting. He suggested that the approval not
go forward because the Design
Committee did not address
with owners how they took
the submitted comments into
consideration during their final
review of the document. He
believes there were false and
misleading statements submitted by the Design Committee
Chair regarding the comments.
• Randy Schneider commented about the spraying
activities for mosquito control
– he suggested that SROA or
the contractor should provide
notice to owners in advance of
the spraying.
operating fund for the 2026
first quarter acquisitions.
• Approved the transfer of
the 2025 year-end budget
surplus of $29,027 from the
operating fund to the regular
reserve fund.
• Approved minutes from the
May 15, 2026, joint meeting
of the SROA Board and SSD
Board, the June 19, 2026,
Work Session, and the June 20,
2026, Business Meeting.
• The Board approved the
Second Reading of the proposed amendments to the
Design Committee Manual
of Rules and Procedures as
recommended by the Design
Committee.
rett to the Design Committee,
Kara Kerker to the Admissions
Model Workgroup and Holly
Lekas as a liaison to the Rules
and Regulation Update Task
Force.
Board actions
• Approved the June 2026
unaudited financials.
• Approved a transfer of
$518,139.27 from the regular
reserve fund and $27,525 from
the SHARC reserve fund to the
Comprehensive Surveys at the
SROA website.
Finally, on a personal level I
am grateful for having served
on your Sunriver Board for
the past six years, as well as
in other volunteer capacities
prior to that. Speaking for other
current and past directors, the
support and trust extended by
owners has been appreciated.
As owners, we are all fortunate,
perhaps privileged, to choose
to live, own and recreate here.
SROA membership
ANNUAL MEETING
Saturday, August 15, 1pm • SHARC
Committee actions
• The board accepted the
resignation of Holly Lekas from
the Nominating Committee
and approved the appointment
of Stefani Shanberg to the Covenants Committee, Peter Bar-
Association operations
• Administration: Legal
matters and litigation remained
a significant focus. Continued
CTF outreach, SSD coordination, fiber rollout discussions
with TDS, HR recruitment,
and regular engagement with
committees, resort representatives, utilities, and community
partners.
• Accounting: Continued
bulk fiber billing and owner
communications, finalized
2025 audited financials, presented May financial statements to the Finance Committee, processed pass sales, and
supported CTF efforts.
• Communications:
Produced the June Scene
look at recommending that
our net operating surplus of
$29,027 be transferred to the
reserve fund as is our normal
procedure.
Owners can be assured that
SROA’s finances are being
properly and accurately handled by a strong team in the
accounting department led by
Controller Joe Healy with support from the SROA Finance
Committee and the SROA
Board of Directors. Audited financial statements are available
to SROA members on request.
– Clark Pederson is the Treasurer of the SROA board of
directors and chair of the Finance Committee. pederson@
srowners.org
($22,755.75 in ad revenue),
managed websites and eblasts,
advanced Oktoberfest and Uncorked marketing, continued
Asana implementation, and
expanded visitor and volunteer
engagement initiatives.
• Community Development: Design Committee
activity remained steady with
active permits increasing to
186 and 116 new applications
received. Continued compliance enforcement, magistrate
hearings, Design Manual revisions, and onboarding of a new
Compliance Officer.
• Natural Resources: Began
ladder fuels reduction work,
completed 154 inspections and
extensive noxious weed monitoring, continued environmental tracking, planned the annual
War on Weeds campaign, and
responded to property and tree
requests.
Turn to Highlights, page 7
NOTICE OF SROA BOARD ELECTIONS
& BALLOT MEASURE
A vote of the membership of the Sunriver Owners Association is being conducted for the
election of up to three directors to the SROA Board of Directors and the following
ballot measure to change the Sunriver Consolidated Plan to implement a Capital Transfer Fee.
BALLOT MEASURE
The SROA Board of Directors approved the following ballot language for changes to the Sunriver Consolidate Plan:
Shall the Sunriver Consolidated Plan be amended by adding the following paragraph (n) to Section 9.01?
n. Responsibility for 昀椀xing of fees on the transfer of real property located in Sunriver (including transfers by operation of
law and other indirect transfers of ultimate bene昀椀cial ownership), to support new amenities, equipment, and infrastructure
that will provide a direct benefit to Owners, and for promulgating rules to govern the collection and administration of such
fees; provided, however, that such fees shall not exceed one-half of one percent of the purchase price and shall not apply
to the following transactions: transfers to the transferor’s family or Household; transfers that do not change the beneficial
ownership of real property; transfers between spouses; transfers arising out of a foreclosure or similar proceed-ing; or to
any other transfers identified by the Administrator by rule.
The board further moved to accept pro/con statements from owners limited to 100 words and
due by June 5, 2026 for inclusion in voter information materials. Email infosroa@srowners.org
Ballots were sent by email in early July. The
election
closes an ballots must be received no later
Ballots will be sent by email in early July. The election closes and
than 12pm August 8
ballots must be received no later than 12pm August 8
AUGUST 2026 SUNRIVER SCENE
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