2024 Budget Meeting Thursday September 26, 2024
2024 Budget Meeting Thursday September 26, 2024, 6:30pm - 7:00pm (Virtual)
Subject: 2025 Budget Update and Board Voting Meeting Information
Dear Homeowners,
The Board of Directors would like to inform you that the budget for 2025 will be increased to accommodate the monthly assessment of our reserve funding. This adjustment is necessary to adequately support the reserves for various community assets, including the pool, fence, cabana, monument, perimeter fence, dog park, playground, and the OCPS school fallout pond drainage system. This increase aims to address the underfunding of reserves from previous years, particularly during the period when the Board of Directors was under Developer control. By taking these steps, we can ensure the long-term sustainability and maintenance of our community facilities.
The reserve funding is crucial for covering emergencies and large repairs, such as cracks in the pool or significant damage caused by storms or fires. While we have insurance for most of these situations, the reserves help us manage deductibles and other unexpected expenses that insurance might not fully cover.
When you open the budget drafts, you will see detailed notes on each of the items, including any reductions or increases. While our goal is to keep the assessment as low as possible, we must ensure that our reserves are properly funded, especially after completing major repairs to the pool cracks.
Below are two budget drafts for 2025 for your review. The first draft, which sets the monthly assessment at $75.00, was sent via USPS along with the budget meeting agenda. Unfortunately, the second draft, which proposes a monthly assessment of $77.00, was not included in that mailing.
The Board of Directors will be holding a voting meeting to decide on the final budget for 2025. While this is a Board decision, all homeowners are invited to watch the proceedings via Microsoft Teams.
2024 Budget Meeting
Date: Thursday, September 26, 2024
Time: 6:30 PM - 7:00 PM (Virtual)
Meeting ID: 267 491 249 071
Passcode: R7TtNW
Please review both documents at your convenience before the meeting. If you have any questions, feel free to contact the community manager at wdlandpk@ciramail.com.
Thank you for your understanding and support as we work to strengthen our financial foundation.
Best regards,
The Board of Directors
Important Reminders
- Kindly adhere to the community guidelines regarding the leashing and cleaning up after pets.
- Please ensure that trash containers are not visible.
- We sincerely appreciate your vigilance in maintaining the beauty of our community.
