By Scott Cannon, Treasurer

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Based on the March financial statement we received mid-April, it is looking like our end-of-2025-year surplus will be in the range of $35,000. Any surplus is good news for our community!

 

We continue to open additional CDs as our reserves grow. We currently have almost $174,000 in operational funds in CDs earning interest, as well as $219,000 in reserve-fund CDs. We are earning almost $1,200 per month in interest! 

 

We completed a reserve study last fall and recently completed the transition study so the Infrastructure and Finance Committees, along with the Board of Directors, have good information on the levels of reserves we should be financing as well as the operational funds required to meet the needs of the community. We are in good shape!

 

This will be my last Financial Committee update as treasurer. Kristin Lahey will assume the role of treasurer May 1. She has been a valuable member of the committee and will be a great asset to have in this position.

 

The committee continues to review each monthly statement to ensure HOA funds are being utilized appropriately, based on direction from the board.