By Scott Cannon, Treasurer

 

During the winter months, we have been going through the year-end financials and starting the new year with the 2026 budget. With the transition of the Phase 2 amenities, we have been working with William Douglas Management to have the utilities transferred from Epcon to the HOA, as well as getting any additional contract and insurance updates we need.

 

It was reported that we ended the year with a surplus of around $80,000. That figure doesn’t consider the delay in having mulch put down ($31,000) or the clubhouse front door replacement and upgrade ($7,500) that we had budgeted for last year, as well as an outstanding transfer to the pond reserve account ($1,776) that didn’t occur until January.  So, while we still ended the year with a surplus, it was closer to $40,000. Having a surplus allows us to keep monthly assessments level and build our future reserves.

 

We recently, with Board of Directors approval, requested another $30,000 CD to be opened from our cash reserves to earn higher interest. With this addition, we have 10 CDs open for our general reserves, totaling $217,927.07, and seven CDs for our operational funds — money we spend to pay incoming bills, totaling $171,749.27. Together, they add up to $389,676.34