• Recommended assessment increase of 6% Residential and 3% Commercial
1% change from Proposed Budget due to $26K increase for additional Friday night events
at the SRC pool, plus $11K increase for staff medical benefits
• User Fees stay the same
• Added new Non-Resident Pickleball Fee
• Reconstituting the Non-Resident Summer Swim Membership
• Outdoor Pool operation hours increased at both AFC and SRC:
Sunday thru Thursday - 10:00 am to 8:00 pm and Friday & Saturday 10:00 am to 9:00 pm
• Pool management of chemicals becomes fully in-house in 2024
• Payroll adjustments across the board to reflect the increase in the Minimum Wage and to attract and retain part-time and seasonal staff in the competitive marketplace
• Additional communications including texts, robocalls, and mailings
• General Access Amenity Additions for Members (Owners/Residents) of Woodlake
- Use of Racquet Center hard courts 13 & 14 available year-round by reservation
- Introduce some General Access special events at the AFC
- Use of the AFC Indoor Pool (including diving boards) available year-round on Saturdays
and Sundays from 11:00 am to 2:00 pm
- Use of SRC Dome Pool available October thru April
Monday – Friday / Lap Swimming – 7:00 am to 12 Noon and Saturdays &
Sundays / Open Rec Swim – 1:00 pm to 5:00 pm
• SRC Construction Loan converted to term loan in 2023. Loan payments are now at their full amount of $69,000 per month ($828,000 per year). Interest rate is fixed at 3.75%.
• Increased Contribution to the Reserve by $180,000 from $420K to $600K
• Capital items totaling $41,200
Includes Lights for Courts 15 & 16 and new AED’s
• Reserve items totaling $557,419
Includes Trails, neighborhood entrance landscaping, Community Center bathrooms,
SRC Pool shade, AFC exercise room floor, security cameras, AFC perimeter fencing
• Increased total year-ending Reserve balance to $434,381
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