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General Knowledge
Well last night was another barnburner and no, I am not talking about the Outlanders Progressive Bluegrass Social Club in Kenmore, Washington. Frankly, those are a lot of words I never thought I would see in a sentence together. But now that I know such a place exists, I want to go to there. For those familiar with the comedic masterpiece that is NBC’s “30 Rock”, you will recognize “I want to go to there” from Tina Fey’s hands-down best character ever, Liz Lemon. If you have not seen the show, then do yourself a favor and binge watch it this weekend as the forecast calls for it to be cold and maybe rainy, once again proving as I said last night March was the new August and April is apparently January.
Ok, last night back on track, the Board of Directors approved the proposed Fiscal Year 2026-2027 Budget. Quick side note, does anyone else marvel at the fact we are well into the second quarter of a century that was supposed to begin with the end of the world? If it’s just me that’s fine.
The table below sums up the pertinent information about the budget. Yes, there is a one time special assessment in the coming fiscal year. Yes, we will communicate that again a number of times before it is due. FYI, if you sign up for auto-pay in the new SnapHOA system you will not have to worry about a late fee, because it will be paid automatically unlike in years past. This is just one of the many upgrades with the new system.
Adopted FY 26-27 Budget
Total Operating Budget $3,595,876
Transfer to Reserves $2,219,100
Monthly Assessment $205
Special Assessment $100
After the budget the Board approved the FY 26-27 Fee Schedule which includes an increase to the insufficient funds fee to $50, reflects changes to the escrow fees that are charged by Action Management as they have taken that over and most notably changes to the mussel inspection program.
For those non-boaters that’s mussel as in the invasive freshwater mollusk and not muscle as in “I am Hans and I am Frans. We are here to pump you up!” New for 26-27 the self-inspector fee is $50 and the individual one-time inspection fee is $18. In response to lots of member feedback the non-motorized individual one-time inspection fee is reduced to $8. The home mussel inspection program will no longer offer a 3-month program. The 6-month program increases to $120 with a second boat for $75 and the 12-month program increases to $200 with the second boat remaining $110. The revised fee schedule will be available on the website at the beginning of next week.
Last but not least of the agendized items was the 2026 Reserve Study. Good news is that this one is more accurate than years past and better funded thanks to our assessment increases, special assessments and disciplined budget contributions. We are up to 38.5% from 13% which bumps us into the “fair” category from “poor.” We still have a ways to go, but we are making progress as we prepare for big expenditures in our storm water infrastructure and road improvements.
Finally, back to the barn burning. The item that brought out a larger number of folks wasn’t even on the agenda. However, the new Flock Security Camera System continues to inspire member participation. In response, the Board committed to holding a town hall as soon as practicable to give members a fifth opportunity to discuss it. We will be sending out an FAQ next week. If you don’t see your Q on it, then let us know and we will get it answered.
Have a great weekend. Seriously, binge “30 Rock” if you haven’t and I will see you around the ranch.
Jim
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