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Proposed Budget Treasurers Overview Report
Dear Association Members:
The Board of Directors of the Association of Property Owners of The Hideout, Inc. has completed a proposed 2008 budget. This budget is the result of intensive hard work by the budget and other Hideout committees along with Administration, all providing input to continue to use our financials for present and future growth. As required by the POA by-laws, The Board is placing the proposed budget before the membership for thirty (30) days for review and comment prior to final action.
The Board looks forward to member’s input concerning this proposed budget. Written comments and questions for the Board should be submitted at the Community Manager’s
Office in the POA Administration Building or by Email in care of Ralph Graf at rgraf@thehideout.us. Additionally, the Board has scheduled a meeting on the proposed budget for Saturday, December 15, 2007 at 10:00am at the POA Administration Building. All members are urged to attend this meeting to make their concerns, suggestions, and observations known to assist the Board in determining final report.
In 2008 the proposed assessment increase is $153.00. This is a result of many factors having impact on revenues and expenses. Just to name a few, increased utility costs, labor costs, along with upgrading our equipment and making repairs to our amenities. All accounts are available for your perusal and we look forward to your input.
Charles Myskowski
Treasurer
TO: The Board of Directors
FROM: The Budget Committee
SUBJECT; Final Report-2008 Budget Recommendations
The Budget Committee respectfully submits its final recommendations for the year 2008. The Committee carefully reviewed all proposed capital projects as well as each departmental operating budget with projected revenues and expenses. The recommendations are predicated upon the following principals:
-To protect each members investment in the amenities, common areas and infrastructure.
-To maintain, enhance and improve the quality of life for al Hideout residents.
-To respond to the growth of the recreational and amenity requirements of The Hideout.
Ralph Graf, Community Manager, and Larry Catanzaro, Controller, spend many hours working with the department managers and the committee to establish this budget.
As presented, the budget would result in a total assessment per lot of $1,328.00. This is an increase of $153.00 over the 2007 assessment. The increase is summarized as follows:
Annual (Operating) Assessment increase @ 10% $74.00
Sanitation Services Increase 10.00
New Capital Reserve Increase 160.00
Caterpillar Spraying Reserve decrease ( 31.00)
Capital Reserves ( 60.00)
Total Increase $153.00
The Committee reviewed the Amenity Fee Guide and except for requiring that in 2008 ski and snow board rentals will require the purchase of a lift ticket, recommends that amenity fees not be changed in 2008.
Itemized Budget click here
Itemized Budget (b) click here
Capital Projects click here
Assessments click here
Amenity Fee Guide click here
