November 30, 2016
Enclosed with this correspondence are very important documents related to the 2017 operating budget for the Community Association. On behalf of the Board of Directors, I want to take a moment to explain each to you.
The attached resolution, executed by the Board of Directors, officially enacts the 2017 Operating Budget. The attached summary reflects the departmental budget totals for the year. The budget was developed by the Association management teams in cooperation with both the Golf Committee and the Finance Committee. The Golf Committee worked through the development of the 2017 golf fees structure, and provided their unanimous recommendation to the Board. The Finance Committee worked with the management teams to develop the entire operating budget, and also offered their unanimous recommendation to the Board.
The 2017 operating budget includes a four dollar per month homeowner assessment increase. All four dollars of this increase will be used to augment the operating account to ensure funding is in place to maintain the services that we have all come to count on and enjoy. The Community Association management teams have and will continue to implement expense management strategies with the ultimate goal of minimizing assessment increases.
Minor adjustments in homeowner assessments are contemplated during the very complex budget development process. Incremental growth in revenues is a realistic approach to attain financial stability for the long term health of the community.
The attached resolution also reflects the 2017 cable assessment in accordance with the Bulk Service Agreement in place with the community and Cox Communications. With the Bulk Service Agreement being up for renewal in July of 2017, the Association will be emailing a survey in January of 2017 requesting resident feedback as to whether or not residents feel that the Bulk Service Agreement should be renewed. Please watch for this email and give us your feedback.
If you have any questions, please do not hesitate to contact me at (928) 252-2103.
Brad Lundmark, CAAM™
On behalf of the Board of Directors
2017 Budget Resolution
2017 Budget Summary