N E W S
J U L Y 2
L E H A V R E
PRESIDENT’S REPORT:
BY STANLEY R. GREENBERG, CPA
With the pool season in full swing, I
hope that all residents are enjoying the
facilities and the nice summer weather
that we are encountering.
So far with regards to activities,
we have had a Memorial Day party,
a Fireworks Party (on June 28th) and
July 4th party. From the feedback it
seems that everyone enjoyed themselves
immensely at all of the parties, which is
very nice to hear. It looks like the season
is getting off to a great start, and be on
the lookout for additional activities and
parties which will be coming up during
the summer. I am hoping that most of our
residents will take time out to participate
and meet their neighbors.
On June 29th we held our annual shareholder
financial meeting on the deck of
Pool #2, and this was nicely attended.
At the meeting I reviewed our 2017/18
budget and financial position and discussed
the carrying charge increase of
2.58% on July 1st. I explained that the
major part of our budget expenditure
is the real estate tax portion which has
increased by approximately 14%. I also
explained that, in comparison to other
co-ops in the area, 2.58% was probably
lower than most, as I have seen increases
in the 3-5% range.
I then gave a rundown on the projects
that are in place now or will be in
place shortly, namely the replacement
of the cement under the porticos which
is ongoing. I mentioned that 3 buildings
will be completed this year bringing the
total completed to 14 at the end of 2017.
I then discussed the upcoming Hallways
& Lobbies project and gave a summary
PUBLISHER & EDITOR Victoria Schneps-Yunis
ASSOCIATE PUBLISHER Joshua A. Schneps
EDITOR IN CHIEF Jill Davis
2 LEHAVRE COURIER | JULY 2017 | WWW.QNS.COM
of the improvements that will be put
in place and which you can read
about in an additional article in this
Courier. The next portion of the
meeting was turned over to Carl
Cesarano, CPA, Le Havre’s accountant,
and he explained in more detail
the various expenditures that we have
encountered. The balance of the meeting
was a Question and Answer period with
the attendees.
FINANCIAL:
Year to date eleven-month report as of
May 31, 2017.
Total Actual Revenues $15,253,359;
Total Budgeted Revenues $16,544,208–
percent of actual revenues to budget is
92.20%
Total Actual Expenses $13,987,562;
Total Budgeted Expenses $15,794,662–
percent of actual expenses to budget is
88.56%.
We have a positive variance due to
savings in utilities, real estate taxes and
repairs and maintenance.
I thank you as always for your continued
support.
UPDATE ON CAPITAL PROJECTS
BY STEVE YOUNG, VICE PRESIDENT
At the recent Shareholder meeting on
June 29th, the Board was asked about
cost savings from the capital projects
that have been undertaken
by the co-op over the past seven
years. I feel this is a good time
to give you a clear picture of
past and present undertakings
and accomplishments.
The co-op took on a major
change with our oil-to-gas
conversion project. This project
cost approximately $2.3 million
and the capital investment
was paid off in four years from the
approximate fuel savings of $500,000
per year that it has generated. The LED
lighting upgrade project is generating a
savings of approximately $60,000 per
year and will pay back the capital investment
in three years.
The savings from these projects, in
addition to the monthly capital assessment
funds, is enabling us to do the
cement replacement work under the
buildings and will enable us also to do
the upcoming lobby and hallway upgrade
project without any further assessments.
HALLWAY & LOBBY UPGRADE
After meeting with several Interior
Designers, the co-op hired EBK Group
LLC Architectural Design to work on
designs for this project so as to get the
best possible results.
The upgrade work will include the
installation of new porcelain floor tiles;
restoring the marble on the walls; replacing
the mailboxes with larger ones;
installing new carpeting and wallpaper;
painting doors, ceilings and compactor
rooms; replacing all signage and door fixtures
in the building. (We are hopeful that
we will have enough funds to upgrade
the elevator cars and exterior signage
also.) Once the three (3) final hallway and
lobby designs are selected by the Board,
they will be displayed in the Clubhouse
for all residents to view and comment on.
GYM REFURBISHING
Treadmills and other equipment have
been replaced in the gym in recent times
and we now have a gym that is totally up
to date in every way to the benefit of all
club members.
Management Office
718-767-7400
(9am-5pm)
Maintenance Dept.
718-767-6200
(7am-4pm)
LeClub
718-767-2277
Security
718-767-6200
(4pm-7am)
347-925-0954
(emergency back up number)
109th Precinct
718-321-2250
School Board #25
718-282-7600
LeHavre Courier, 38-15 Bell Blvd.
Bayside, NY 11361
718-224-5863 • Fax 718-224-5441
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