For Realtors |
NOTE: The Association's reserve fund was depleted after the 2022-23 road projects, with several projects remaining. The board approved reserve funding increases in the 2024 and 2025 budgets, but the larger 2025 budget was rejected by the membership in part due to concerns over the accuracy of projected expenses. To address these concerns, the Board commissioned an independent reserve study, now available to all members. The study outlines a 30-year funding schedule for road maintenance and repair, supporting significant reserve assessment increases. The Road and Finance Committees are reviewing the study and will present their findings at the July 15th board meeting.
The Board is committed to ensuring that reserve funding is adequate to meet the Association’s obligations and will be incorporating the study into on-going financial planning.