The Hideout P.O.A. 2018 Proposed Budget Newsletter
The Board of Directors of the Association of Property Owners of the Hideout, Inc. is pleased to present the 2018 proposed budget. As required by the Property Owners Association (POA) bylaws, the budget is now being placed before the members for 30 days of review. The Board welcomes member comments and questions about the budget. Please forward your comments, concerns or ideas in writing to the community manager’s office in the POA administration building or via e-mail to jacla@thehideout.us Additionally, the community review meeting of the proposed budget has been scheduled for 9:00 A.M. Saturday, December 9, 2017 at the POA Administration building. All interested members are urged to attend. The Board of Directors wants to express their appreciation to the Hideout Management Team and the members of the Budget Committee for their hard work in putting together this budget. The work is both time consuming and difficult, it requires making carefully considered assumptions based on projections and best estimates. The committee’s recommendations were most useful to the board in preparing this proposed budget. The goal of the Board of Directors in preparing the 2018 budget was to maintain our current assets, make additions to the current infrastructure, and to provide the highest level of service to the property owners. This was done knowing that the dues needed to be kept at the lowest possible level. The operating budget is flat except for wages, general insurance and Workman’s compensation insurance. We are still awaiting the 2018 final insurance costs. The New Capital Reserve account is being built up in anticipation of some major projects within the next five years. Plans for 2018 will see the completion of a 4-foot-wide walking path added to Lakeview Drive around Roamingwood Lake. The addition of this will give our members and guests a safe walking path that can be accessed for a short distance or used as a training and exercise route. The Capital Reserve account is being kept at a level to maintain and replace current assets as needed using the reserve study as a guide. Again, this year our managers looked at their “wants list” and reevaluated it to a “must have list”. This was a team effort looking at what was most needed to maintain service in 2018 for the entire community. In addition to our road commitment of $4oo,ooo and vehicle replacement, 2018 will have the children’s pool and Marina docks replaced. At this time we are still awaiting studies on gypsy moth and wildlife management. The proposed budget was done assuming that both of these items would have to be done in some degree. The total assessment increase is $45 over 2017 or 2.7%. Marie Krauss Treasurer