As this unusual year draws to a close, I am moved to reflect on the vision I held for 2020 at the start of the year.
While we did not envisage the year that has been 2020, we have continued to pursue our objective of enhancing the asset value of our estate through focused management and care. We managed to deliver on our budgeted expenses, and grew our reserves, albeit by less than anticipated, through disciplined spending and resales. We managed to deliver a 2021 budget that is both reasonable and achievable, taking care to ensure that the primary elements of the estate are well catered for, i.e. security, landscaping and estate maintenance.
We also took on, since 28 October, the golf course and related assets.
I would also like to acknowledge and thank my team who have made it possible for us to continue delivering on our mandate, even under extremely difficult conditions. Like everyone else, our team was affected by COVID-19.
Every member of the team accepted the complexities of the new working environment, without complaint or disruption to business activity and home owner support.
Thank you, team, you are wonderful. I am proud to work with you all.
We are looking forward to 2021, and hope that we can get back to a more normal way of life. We wish all of you a happy holiday season. Stay safe, keep well. Enjoy the break, if you are having one, and we look forward to serving you again next year.