The Hideout P.O.A. 2019 Proposed Budget Newsletter
The Board of Directors of the Association of Property Owners of the Hideout, Inc. is pleased to present the 2019 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 finical manager’s office in the POA administration building or via e-mail to dkiely@thehideout.us Additionally, a meeting on the proposed budget has been scheduled for 9:00 A.M. Saturday, December 8, 2018 at the POA Administration building. All members are encouraged 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 2019 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. This accounts for the increase of $250,000 which is 3.7% over 2018. The Capital Budget is concentrating on maintaining and upgrading current assets. This includes replacement of vehicles, upgrading the technology, and security systems. $875,000 of the budget is to maintain the roads, stormwater and lake management projects. Work on the Lodge will be done in an orderly progression over the next five to ten years. This year the fire suppression system, window replacement and ADA compliant ramp to the beach will be addressed. The Ski Hill will have some water lines replaced and the addition of a Magic Carpet at the beginner lift. We are still awaiting studies on the 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 $50 over 2018 or 2.9%. I urge you to review the purposed budget and come to the December 8, 2018 meeting with your questions. Marie Krauss Treasurer