Lake Carroll News October 2017

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Lake Carroll News A publication of the Lake Carroll Association and its Members The Lake Carroll News is online! www.golakecarroll.com News & Events>Newspaper October 2017

www.golakecarroll.com

Vol. 45 No. 10

Meet the Candidates ~ 2017

Rick Jensen

Cliff Mortenson

Sue Massey

jen5179@aol.com

Cjmort1@aol.com

bobsuem@outlook.com

The LCWC’s 2017 season began on 9/14. Page 18A

Read the candidates’ Questions and Answers on page 12A giving you some insight as to who they are, elsewhere in this issue or online. Also, there is a Meet the Candidates Forum scheduled for October 21st at 10am in the Conference Center. This allows you to meet the candidates in person and to ask them questions. You must be a member in good standing to be eligible to vote. This includes dues, fees, citations, marina charges, etc. The Annual Meeting packet will be mailed early November and will include the candidate voting materials and instructions.

Meet the Candidates for 2018-202

Veterans receive 1/2-off on 11/11/2017! Page 10A

Oct 20, Nov 17, Annual Meeting Dec 3, Tentatively Dec 15 (if needed)

PRELIMINARY PROPOSED 2018 BUDGET You may view the 2018 Proposed Budget documents (as of 9/28/2017) on pages 14A, 15A, and 16A.

2018 BUDGET HEARINGS

Thursday Oct 5th - 7pm Clubhouse Lower Level _________________ Saturday Oct 7th - 9am Conference Center

The Annual Meeting of the Lake Carroll Membership Sunday December 3, 2017 Clubhouse Lower Level 11:30am Regisgration 12:30pm Meeting

Alan Cazzato

David Allgood

Joanie Perez

acazzato@sbcglobal.net

w4anp@yahoo.com

jperez1439@yahoo.com

Saturday, October 21, 2017 @ 10am at the Conference Center

Dollars & Sense

Our budget process continues to move forward. The Board met with the General Manager, the Steering Committee, and the Finance Committee on September 8th to complete a preliminary proposed budget for 2018. By the time you read this, the Board will have made any final tweaks to the proposal and voted to approve presenting the preliminary proposed budget to the Membership for comments. Your input is valuable and will allow us to make any Jeff Howe final adjustments before presenting a LCA Treasurer final proposed budget for your vote at the December Annual Meeting. There will be two budget hearings, on October 5th at 7 PM in the Clubhouse Lower Level and on October 7th at 9 AM in the Clubhouse Lower Level, where you can give your input, or you contact any Board Member at any time. Based on the work so far on the budget, it appears that there will be a due increase for 2018. This modest dues increase will be an amount very similar to the dues increases in recent years. Furthermore, if the dues do end up at the level in the preliminary proposed budget, currently about $1608, this dues level will be only $12 more than the $1596 level in 2016. A question that could be asked is: If we just passed a special assessment for the Lake Improvement Project, why do we need a dues increase too? This is a fair question, that I’ll try to answer here. As I explained in my August column, the goal of Lake Improvement Project was to accelerate the funding of about a decade’s worth of Lake projects into a year or two. Trying to fund that many projects out of the regular dues would have required a hefty dues increase, and would have put quite a strain on funding all the rest of our operations and amenities. So, why a dues increases on top of the special assessment? The short answer is whether we do these Lake projects or not, the cost of everything else still continues to rise. The Lake Improvement Project consists almost exclusively with fixes asset projects (with the exception to $10,000 in each of 2018

and 2019 for fish for Zebra Mussel Management). As Members may recall, our budget is made of two parts which need to be handled separately: Operations for handling the day-to-day activities of the Association, and Fixed Assets for handling the long-term capital equipment expenditures. A portion of the dues increase is needed to handle the annual increases in costs for running the operations of the Association. Regarding the fixed asset portion of the budget, we must maintain a consistent amount of funding for this portion of the budget every year in order to continue to properly equip our amenities. Every year equipment wears out and has to be replaced, or we make changes in order to be more efficient. Sometimes we add new things in order to improve the experience of our Members. If there are $2.3 million of projects being funded with the L.I.P., what is the effect of that on the annual fixed asset budget? Well, most of the L.I.P. projects are for items that were not targeted for the 2018 budget in the first place, so they have absolutely no effect on the budget. In particular, for example, the new weed harvesting equipment and the Lake dredging account for about 82% of the L.I.P. funding. However, there were 2 project that were targeted for the 2018 budget: the Zier Rd sediment pond and the East Marina feeder stream shoreline stabilization projects, which are about $250,000. The follow-up question is, then, are there plans to bank this $250,000? Unfortunately, the answer is not that simple, as it would assume that this money is set aside in the budget earmarked specifically for Lake fixed asset projects and not part of a normal prioritization process. Instead, every year there is a list of projects requesting funding for the next year. The Steering Committee prioritizes this list to determine what will funded each year and what will have to be deferred to future years. Normally there are more requests that can be funded, so the lowest priority projects get deferred to the future. There is no guarantee that the Lake projects would have been the ones selected to be included in the funded projects list for 2018. That being said, a portion of the money that might have been spent on Lake projects, approximately $90,000, will be deposited into the Fixed Asset Reserve Fund (FARF), so that it can be used as defined in the By-Laws: to level out the fixed asset budget where the requests CONTINUED ON PAGE 6A

A Reminder from the A&E Department

When you have a contractor perform a service at your Lake Carroll residence who is not registered with Lake Carroll Association’s A&E Department, that is a violation of the LCA A&E Rules & Regulations. A&E requires all contractors working in Lake Carroll to register and provide proof of liability insurance. LCA has a complete list of registered contractors on our website. Simply visit www.golakecarroll.com, rest your cursor over LCA Sponsors and click on “By Category” or “By Name”, whichever way you would like to search or you can pick up a list at the Admin Office. Many of the providers who advertise in the Lake Carroll News are registered with LCA; however, providers who are not registered may also advertise. If the contractor you are interested in hiring is not on our list, they must register prior to performing work. They can contact the office for details or they can complete the Contractor Registration Form and bring it to the office. The form is available on our website under Resources>Document Library>Forms.


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