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Treasurer John Amatulli |
Financially, we continue to do quite well. During the first five months of 2020, total revenue received was $708,836; total operating expenses were $632,178 with a net gain of $76,658.
Despite Coronavirus related problems, the ongoing concrete restoration project, a series of water leaks and broken pipes, and vacancies in security and maintenance, our manager, Dana Domond, has managed to keep our building up and running and on budget.
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Manager Dana Domond |
Recently, she had to deal with a complaint filed with the Department of Business & Professional Regulation by an owner alleging that in 2016, $42,325 was removed from the reserve accounts to pay for operating expenses for the 2016 fiscal year.
The Department of Business & Professional Regulation ruled that “After review of the 2016 annual financial statements it has been determined that a violation of the aforementioned statute did not occur."
Had this owner sent a request to the board to review the financial documents instead of filing this complaint directly to the DBPR, all Regency Tower owners could have been spared $1,250 in legal expenses responding to this false allegation.
Each year, the board is tasked with figuring out the costs associated with all aspects of our community’s operations, including any capital repairs or improvements they plan to undertake in the coming fiscal year, and then making sure the revenue is there to cover said costs.
Cash flow in Regency Tower is a matter of survival, not profit. We pay our way by collecting revenue from two general categories. The first is monthly payments from owners, known as common charges. The second category of income comes from laundry commissions, cabana and storage room rentals, application and screening fees, residential repairs and surveillance fees.
In times of transition and upheaval like now, the process takes on added complexity. Line items needed to be added for expenses that did not even exist six months ago: personal protective equipment, digital body temperature gauges, virus sanitizing supplies and social distancing compliance monitors.
In addition, Regency Tower Association has an obligation under law, to provide a safe place for its employees to work. Since face coverings are now deemed essential to protect others, then wearing face coverings is important in maintaining a safe place to work. The failure to enforce a requirement of face covering could subject the association to fines.
*Copies of John Amatulli's Treasurer's Report can also be downloaded from the password protected Concierge Plus website and are available to owners in the Regency Tower office (Click Here to Concierge Plus website).
I’m pleased to report that work has moved out of the pool deck area and that residents now have use of the pool area daily. Beach access is limited on weekdays until after 4: 30 PM. and all day on Saturday and Sunday.
In last months report, we expected work to be finished in the front of the building in early July, this has been moved back to July 24th due to work on the balcony railings in the 6 and 7 stacks.
If you are in residence, you will see things moving along. Work is done on most of the balcony stacks and the window stacks are moving along quickly. Work is beginning to move to the north side of the building. We can expect painting of the building exterior to begin in August.
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Security
Report
Security Chief Eddie Rodgers

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Security Chief Eddie Rogers Battling COVID-19 Threat in National Guard |
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Acting-Chief of Security Kenzi Benton |
The security team at Regency Tower consists of 10 friendly, courteous, and helpful guards, one who is temporarily serving in the National Guard. They ensure residents, guests, and staff members are safe by conducting hourly rounds looking for leaks, light issues, damage to the building etc. as well as enforcing rules and regulations.
We are pleased to welcome our two newest security guards Joey Woodall and Smith Francois. They are scheduled from 10:30 pm – 6:30 am. So, if your up late night or in the early morning stop and say hello and make them feel welcomed.
For your safety, there has been an extra shift added from 10:30 pm to 2:30 am. This added shift will assist with patrols and ensure during those hours the front desk is not unattended.
The security team is extremely conscious of COVID-19 safety. All guards are supplied with masks and gloves for their safety and the safety of others. Public hand sanitizers can be found on the walls in the mail room and near the lobby elevators. Also, when approaching the lobby desk, there will be a blue line you must stand behind (six foot social distancing).
There has been weekly contact with our Chief of Security, Eddie Rogers. Although there is no time table set for him to come back to Regency Tower, he has maintained that he is in great spirits and health and continues being safe while serving.
Sincerely,
Kenzi Benton for Eddie Rodgers
Acting Safety/Security Chief
Safety Tip: Since the south and north driveway ramps are Intermittently being used to both enter and exit the building during the construction, please take extra care to avoid collisions with pedestrians and other vehicles.

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