By Jayne Hagan
Director of Finance
The 2021 operating and capital budgets were approved at the November 19 POA Board meeting. The following are the key features for the operating budget:
- Food & Beverage loss is $379k compared to $779k in 2019
- Storage yard fees will increase after improvements are completed
- Marina slip fees will increase after docks are moved
- Contractor transponder fees will increase
- Cart fees increase $1 for 18 April 1
- Merit – 2% increase
- Benefits – 23% increase
- Additional personnel in the Communications/Marketing Department
- Additional Public Safety firefighter / EMT’s
- Staff North Gate 24/7
- Start the Firewise program around POA buildings
- Additional plants and shrubs
- Interior painting
- Wood floor maintenance at Clubhouse and Wellness Center
- Increased Window Cleaning
- Property Owner Activities return mid-2021 (hopefully based on COVID restrictions)
- Property Insurance – 12% increase
- Garbage facility – adding transponder gate access and an additional compactor
- All this without an assessment increase
- Net income of $4.1M to cover loan and capital replacement budge
The following chart shows where your assessments are budgeted including depreciation:
Highlights of the 2021 $3.6M Capital Budget are:
- Twice the normal amount of paving, since no paving was completed in 2020
- Swim dock replacement
- New bocce court construction
- Disharoon silt removal & pipe replacement
- Walking mowers
- Road shoulder refurbishment
- Tennis Courts #1-4 Clay replacement
- Replace several vehicles
- Cart path underpass engineering for Cherokee #4 and #5
- Security cameras
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