There are two budgets that must be approved by the board each year, the Operating Budget and the Reserves Budget. Management will provide a proposal for each, and it is the Board's responsibility to review and approve during a scheduled meeting of the Board. Budgets should be approved by October 1, 2020 to allow time to notify homeowner of any increase in dues, and to allow management to update the accounting system.

Reserve Study Updated

• 2020 Regenesis - DONE

Proposed Budget sent to Board

• 9/30/2020 - DONE

Board Meeting to review and approve budget

• October 22, 2020

Budget Approved and Homeowner's Notified

• November 1, 2020

Operating Budget

• The total proposed assessment is $39,960 per year ($185/mo. per unit).
• This budget recommends no increase to monthly dues.
• The recommended annual contribution to the reserve accounts, according to the reserve study is $7,000.00. This budget allows for a total reserves contribution of $8,790.00
• (Water/Sewer) expenditure was increased by 7% per the Water Bureau’s estimate
• Cost of management increased by 3%.

Reserves Budget

• This budget includes a list of proposed projects to be completed during the year, and their effect on the reserve funds.
• This budget is based on the reserve study prepared for 2016 by Regenesis. We recommend obtaining an updated reserve study at this time.

• 2021 WCC Proposed Operating Budget
• 2021 WCC Proposed Reserves Budget

Q1 JAN-MAR

• Pest Control / Fir
• De-winterization

Q2 APR-JUN

• Pest Control / Fir
• Pool Open / Atlandia / 5-01-2020
• Dryer vent cleaning / Dryer Tech / 6-01-2021
• Chimney Cleaning / Fox Chimney / 6-01-2020

Q3 JUL-SEP

• Pest Control / Fir
• Catch basis Cleaning / River City Environmental
• Gutter Cleaning / All Surface / 07-01-2020
• Pool Close / 9-01-2020

Q4 OCT-DEC

• Pest Control / Fir
• Fire Extinguisher 10/01/2020  -Fire Systems West
• Hose Bid Covers / BOD
• Moss Treatment / All Surface / EOY
• Pressure Wash / All Surface / TBD
• Gutter Cleaning / All Surface / 12-01-2020

2020 Capital Projects

• 25,528 Deck-Membrane-Repair/Replace-2020
• 1,532 Pool-Filter
• 13,479 Pool-Replaster & Trim Tile Replacement
• 4,901 Siding-Flashing-Repair-Bldg A & B
• 3,574 Siding-Inspection
• 2,553 Stair-Repair-Budget