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Important Update: Revised Overflow Parking Rule

Dear Treasure Lake Owners,
 
We want to inform you of a rule change regarding the use of overflow parking during nighttime hours, effective 11/29/2024.
 
Updated Rule (Rule 3, Section C, Subsection 4, Paragraph c)
“For safety reasons, owners and their guests arriving after dusk (determined by the dusk-to-dawn light at the guard shack) must check in with security at the guard shack. Security will escort them to the overflow area behind the outdoor pool until the Welcome Center opens the next morning. This area must be used to prevent accidents and ensure safety.”
 
This replaces the previous rule requiring arrivals between 10 PM and 7 AM to proceed directly to the overflow area.
 
Why the Change?
This adjustment prioritizes safety by addressing the risks of nighttime parking when visibility is limited, reducing the likelihood of accidents, property damage, and personal injury. Aligning the policy with natural lighting conditions ensures safer practices for all late arrivals.
 
This update was approved during the November 16, 2024 Board Meeting as part of our commitment to your safety and well-being.
 
Please Note:
This policy applies to anyone attempting to camp, including those pulling RVs from storage. Violators will be issued improper site use tickets.
 
We appreciate your understanding and cooperation in adhering to this updated policy. If you have any questions, feel free to contact us.
 
Sincerely,
 
Steven Mills, General Manager
Treasure Lake Camping Club
 
Board of Directors
Treasure Lake Camping Club

September 2024 Financials Available

The September 2024 financial report is now available for review on the Treasure Lake website. Here are the key highlights:
  • September Net Income $-21,740 compared to $-25,357 in September 2023. A $3,617  improvement year over year (yoy)
  • Cost of Sales: $215,842 compared to $261,735 in 2023.  Decreased by $45,893 yoy.
  • Operating Expenses: Reduced by $328,375 yoy.
  • YTD Bottom Line: A profit of $200,716,  a significant improvement from the $271,367 loss in 2023, marking a $472,083 year-over-year improvement
The Board of Directors, General Manager Steven Mills, and the Finance Committee remain committed to consistently improving our financial performance. We are pleased to report significant progress compared to 2023 results and appreciate your patience as we ensure the accuracy of our reporting before it is released.
 
In September, we continued to face challenges in receiving timely responses from Abacus CPAs. For instance, an unresolved issue regarding a small negative balance in the ATM account remains under review, as it appears to be an error. However, these inquiries do not materially affect the overall monthly results.
 
Additionally, we are making excellent progress toward transitioning the accounting function in-house by January 2025. This change will enable us to provide more accurate and timely financial reporting to you, our owners.
 

August 2024 Financials Now Available

The August 2024 financial report is now available for review on the Treasure Lake website. Here are the key highlights:

  • August Net Income: $76,511 compared to a $36,891 in August 2023. A $39,620 improvement year over year (yoy)
  • Year-to-Date (YTD) Revenue: Showing an increase yoy of $4,882
  • Cost of Sales: Decreased by $38,103 yoy
  • Operating Expenses: Reduced by $361,716 yoy

YTD Bottom Line: A profit of $211,361 a significant improvement from the $240,087 loss in 2023, marking a $451,448 year-over-year improvement.

The Board of Directors, General Manager Steven Mills, and the Finance Committee are committed to improving our financial results every month. I believe you’ll agree that we are continuing to see significant improvement compared to the 2023 results. We appreciate your patience as we continue working to ensure our reporting is accurate before it is released. However for August, we still have some unanswered questions pending with Abacus that they are still researching. Even though these questions will not make any significant change in the overall monthly results, we will update you once we get the answers.


Gary Myles
BOD Treasurer

Boil Water Advisory Lifted

Great news, everyone! The Taney County Health Department has tested the water, and it is now safe for normal use. You can resume drinking, cooking, and using the water as usual.

Thank you for your patience and cooperation during the advisory. We appreciate your understanding and are happy to return to normal!

Boil Order Advisory: Water Is Available

Due to the current boil order advisory, we want to remind everyone that water and ice are available from our new ice machine near the laundry facility. If you are in Phase 3 or 4, you can use this water for drinking, cooking, or any other needs during this time.

Your safety is our top priority. Feel free to reach out to the office with any questions!

Urgent Notice: Boil Order Advisory

Dear Owners,
 
Due to a damaged water line in Phase 3, we are issuing a boil water advisory for all of Phase 3 and Phase 4, as recommended by the Missouri Department of Natural Resources (DNR). Please boil all water for drinking, cooking, and brushing teeth until further notice.
 
We are working with the local health department for water testing, and we’ll update you as soon as the advisory is lifted.

July 2024 Financials Now Available

The July 2024 financial report is now available for review on the Treasure Lake website. Here are the key highlights:

  • July Net Income: $14,695  compared to a $-68,727 loss in June 2023. A $83,422 improvement year over year (yoy)
  • Year-to-Date (YTD) Revenue: Showing an increase yoy of $43,697
  • Cost of Sales: Decreased by $45,400 yoy
  • Operating Expenses: Reduced by $325,375 yoy
  • YTD Bottom Line: A profit of $134,851, a significant improvement from the $274,608 loss in 2023, marking a $409,459 year-over-year improvement

The Board of Directors, our new General Manager, Steven Mills, and the Finance Committee are committed to improving our financial results every month. I believe you’ll agree that we are continuing to see significant improvement compared to the 2023 results.  We appreciate your patience as we work to ensure our reporting is accurate before it is released.

Gary Myles

June 2024 Financials Now Available

The June 2024 financial report is now available for review on the Treasure Lake website. Here are the key highlights:

  • June Net Income: $186,901, compared to $31,719 in June 2023
  • Year-to-Date (YTD) Revenue: Down by $42,000
  • YTD Cost of Sales: Decreased by $60,000
  • YTD Operating Expenses: Reduced by $280,000
  • YTD Bottom Line: A profit of $120,447, a significant improvement from the $207,824 loss in 2023, marking a $328,271 year-over-year improvement

Storage Revenue Adjustment: After researching discrepancies in the Storage Revenue numbers, we identified the cause. Due to low cash balances last fall, the previous management, Board of Directors, and Treasurer decided to send out storage billings in early October instead of December, as had been done in previous years. As a result of that early billing, $48,413 in payments were received in October and November, that our accounting firm recorded as income in 2023 instead of 2024 where it should have been.  This error, along with an approximate $13,000 coding error in towing revenue, has now been corrected. We are confident that the Storage and Towing figures are accurate. A letter from Abacus CPA is attached, explaining the 2023 Storage Revenue error and the adjustments made.

The Board of Directors, our new General Manager, and the Finance Committee are committed to improving our financial results every month. I believe you’ll agree that we have made substantial progress compared to the 2022 and 2023 results.  Some of these questions take time to review and research, causing delays in reporting. We appreciate your patience as we work to ensure our reporting is accurate before it is released.

Meet the Manager – August 10, 2024

Additional questions and clarification from the Meet the Manager Meeting on August 10, 2024:
 
1. Cabin Rental and Site Night Cancellation Policy
 
Our cancellation policy requires that cancellations be made at least 48 hours prior to your scheduled arrival to avoid additional fees. Cancellations made within 48 hours of the arrival date will incur a one-night rental fee.
 
If you decide to shorten your stay, please inform the Welcome Center before your check-out time to avoid any extra charges. 
 
For RV site rentals, please note that checking out after 2:00 PM will result in an additional day’s charge. refunds for unused site nights will be refunded as long as check out occurs before the checkout time provided that the site nights to be refunded were not buy back days. 
 
2. Voting Ballot Distribution
 
All owners should have received a statement and voting ballot, regardless of whether they paid their dues early. If someone has not received these documents, please reach out to Stacey, Owner Services Manager () or me ()  to verify your mailing address and update our records.
 
3. Legal Process for Unpaid Dues
 
If dues remain unpaid for two years, we begin the foreclosure process. This involves sending certified letters to notify the owner of the impending foreclosure, as well as placing an advertisement in the local newspaper for four weeks, as required by law. If the outstanding balance is not paid, the deeds are auctioned at the Taney County Courthouse. The Treasure Lake Board of Directors sets the starting bid for these deeds. Any deeds not sold at auction are returned to the Treasure Lake vault and are made available for sale.

Reminder: 2024 Dues Payment

Friendly reminder to all owners! Starting August 1st, a $40.00 late fee will be applied to any unpaid 2024 dues. Avoid the fee by ensuring your payment is on time. Not sure if you’ve paid? No worries! Feel free to reach out to Reservations for assistance. Thank you for your prompt attention and for being a valued part of our community!
 
Stay awesome and enjoy your summer! 🌞

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