General manager's report: 32nd annual membership meeting

October 27, 2008

Anonymous The Crossville Chronicle Mon Oct 27, 2008, 10:18 AM CDT

General manager's report: 32nd annual membership meeting

Oct. 23, 2008

Let me begin my report for this year with an excerpt from the summary of my report at last year's annual meeting.

"We are faced with a significant financial impact over the next 5 years. We must look at all avenues of cost avoidance and income generation. At no time has it been more important to take a hard look at those amenities that have the potential to generate income and to ensure that we take full advantage of that potential."

Little did we know or could we anticipate the economic dilemma that this nation is facing in 2008. We have seen fuel prices skyrocket leading to increased costs across the board. We saw investment earnings drop off. The POA Board, advisory committees, management, and staff all worked on ways to get through 2008 on a lean budget made even leaner because of circumstances beyond their control while, at the same time, moving ahead with needed upgrades and improvements to the amenities. Recreational programs remained intact and services to the membership continued. We have made it this far without cuts in what the POA provides. The remaining months of 2008 and all of 2009 present a continued challenge to meet the expectations of the POA members.

In some areas of the 2008 Budget, we were overly optimistic in the expected income. The potential income was there but many factors had an adverse effect on the income generated. The 2009 Budget is a greater challenge than 2008. Many variables are considered during the budgeting process. Expected increases in utilities, inflationary concerns, interest rates, and on and on. All different factors that are not easily definable go into establishing the budget. The process evaluates all of the factors that can be identified so that we can determine what it is that we can reasonable expect to happen.

The key word here is "expect". Expectation is the mother of disappointment. We all have expectations and when those expectations are not met we are left with disappointment. We can have a perfect plan in place only to see it not achieve the expected results because of factors outside of our control like unanticipated events or actions by others that change the basic foundation of our plan. In other words, "Stuff happens."

The strength of the POA is the tangible assets that the POA owns. Throughout the years the POA has existed, the value of its assets has steadily increased. Over the years the various Board of Directors have all worked to protect the assets of the POA by maintaining and improving the amenities offered by the POA. The improvements the past year have nearly tripled the value of Cabin Point. The POA has some very valuable property in its inventory. This goes a long way in keeping the POA stable during difficult economic times. Disposing or selling off these assets would only serve to weaken the POA's ability to meet the expectations of it members.

It is true that the POA has not met the expectations of some of its members, but it continues to meet the expectations of the majority of its membership. It is impossible to please everyone. To even attempt this would mean failure. The POA gets suggestions all of the time. Do not think that a suggestion was not considered because it was not implemented. A suggestion today may not be practical or fit the general direction of the POA, but may very well work in the future. An off the cuff suggestion no matter how well thought out may be forgotten, but a written suggestion with facts and procedures will be strongly considered if not now, it will be filed for future use. Not a day goes by that the leadership of the POA is not looking for fresh ideas or input on how to effectively meet the expectations of the POA membership.

Respectively submitted,

David Sutton

LTVPOA, General Manager

Text Only

Tansi Smoke Signals

The Frank and Larry Show
Frank Gale and Larry Robertson are famous in Cumberland County, as they cover UT sports and write and take photographs for the Crossville Chronicle, as well as the Smoke Signals.

December 22, 2011 1 Photo
After 37 years at Tansi, golf pro Aubrey King retires
After nearly four decades of promoting Lake Tansi golf, teaching hundreds of youngsters the art of the game and arguably being one of the leaders in making Cumberland County the Golf Capital of Tennessee, golf pro Aubrey King is retiring.

December 22, 2011 2 Photos
GENERALLY SPEAKING: Common Interest Communities face continuing financial issues
Most of you are aware that the LTVPOA has been struggling with many issues related to the economy. Some of this is perceived to have been self imposed but the following article demonstrates the additional dilemma that the POA is facing. Be rest assured that the LTVPOA Board of Directors and Management are constantly evaluating policies and procedures to find ways to get through these troubling times. This will only be accomplished by working together with the membership.

December 22, 2011
Remembering Pearl: Seals recounts experience aboard USS Pennsylvania at Pearl Harbor
On the morning of Dec. 7, an aircraft bearing the red symbol of the Rising Sun of Japan appeared out of the clouds above Hawaii. More than 300 other Japanese warplanes followed it with plans to descend on the Pearl Harbor Naval Yard, where a young private named James Allen Seals was stationed.

December 22, 2011 3 Photos
Christmas is the season to bake with hearts of love
One of the ladies at the Chronicle spent last weekend with her family women making holiday candies, cookies, and treats of all kinds. On Monday, there was a break room table at the Chronicle laden as full of treats as the bakers' hearts. What a wonderful way to show how much you care for your co-workers and friends, and how special the memories are when you spend time cooking with the women in your family.

December 22, 2011
Exchange Club enjoys Christmas party
December 22, 2011 7 Photos
BOL — Hope is alive down on Fourth Street
There is an amazing story that has been happening and continues to unfold right now, right here in Crossville.

December 22, 2011 2 Photos
Lake Tansi Pan Fish Club names anglers of the year
On Oct. 25, Lake Tansi Pan Fish club held its last fish fry/awards/ election of officers dinner for the 2011 season.

December 22, 2011 2 Photos
Honor Air escort to speak at Exchange Club January meeting
The Lake Tansi Exchange Club will meet at 8 a.m. Friday, Jan. 6, at the Thunderbird. Our special guest will be Gus Gocella, a volunteer escort, presenting a program on Honor Air.

December 22, 2011
Join the Tansi Dance Party in January
Everyone is most welcome to join the fun at the Tansi dance party Jan. 6 beginning at 7 p.m. at the Thunderbird Activity Center. Frank Byars will entertain for your dancing and listening pleasure.

December 22, 2011
More Tansi Smoke Signals Headlines

Tansi Smoke Signals

Search Results

General manager's report: 32nd annual membership meeting

Site Map

Contact Us