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Highlights from the published 2027 RECOMMENDED Budget:
• Recommended assessment increase of 4% Residential and 2% Commercial. Recommended residential assessment increase of $62, to $1,615 annually.
• Operating budget net income is $388,000 with an assessment increase of 4%.
• Alternating schedule of increases for residents and non-residents for membership fees, resulting in an increase in revenue yearly; yields a bi-annual increase for residents or non-residents.
• Recommend increasing resident fitness fees $2 per month, raising fees from $52 to $54 per month (a 3.8% increase). No recommended increase in non-resident fitness fees for 2027. Recommend increasing non-residents in 2028.
• Recommend an increase in resident tennis of $2 per month, and resident pickleball fees of $1 per month, from $58 to $60 (3.4% increase, and $28 to $29 (3.6% increase), respectively. No increase recommended for non-resident tennis or pickleball (will occur in 2028).
• Recommend an increase in non-resident summer swim rates from $799 to $827 (3.5%).
• Payroll merit increases up to 4%.
• However, total salary, FICA and benefit expenses are budgeted lower than 2026 ($13K lower) due to restructuring of positions and reduction in the number of employees taking benefits.
• Insurance rates increased 15% over 2026 ($29K increase).
• Cellphone tower revenue for six months estimated at $9,000 for 2027.
• Maintenance landscaping contract will expire on June 30, 2026; an increase in contracted rates is expected and budgeted (increase of $24,000 over 2026).
• Racquet Sports budget is presented as balanced.
• Recommended Budget includes an additional $28,750 towards utility expenses (electricity and water/sewer) due to rising rates.
• Community Events budget includes an additional expense of $4,200 for liquor liability insurance for BYOB, as mandated by our insurance carriers.
• Administration includes $15K for consultation fees for a recreational consultant.
• Aquatics budget includes an additional $7K for painting of the SRC pool play structure.
• New Capital items projects total $114,975 for a pickleball center (2-year phased approach), first aid station at the SRC Pool, and continue funding of irrigation, drainage and ground cover at neighborhood entrances and other community areas.
• Increase of 12.5% to the Capital Fee of $100 from $799 to $899 per new house sold.
• New Capital balance at December 31, 2027 estimated at $126,925.
• Contribution to the Reserve of $920,000 total: $388,000 from Net Income from Operating Budget plus an additional transfer of $532,000 from Cash.
• Replacement Reserve projects totaling $1,496,000 for multiple projects including trail repairs, 2 finger docks replacement, new maintenance truck, SRC Community Center HVAC unit, pickleball court resurfacing, AFC indoor pool replastering, tiling, coping, and leak repairs, 2 Stop-a-while replacements, and Pool Pack for the AFC indoor facility.
• Replacement Reserve balance at December 31, 2027 estimated at $649,000.
• A transfer from Cash to the Loan Sinking Fund of $70,000 is recommended.
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