WWS2010 Budget - Operating Accounts

The budget committee meetings on Saturday 9/26 and Tuesday 10/6 were a review of operating accounts since 2000 and the preliminary budget for 2010.

The chart below is a visual representation of how each maintenance dollar is allocated in the proposed budget. As you can see, over 50% of each maintenance dollar is spent on the uncontrollable items of insurance, utilities, and cable tv. Those are the big ticket items where rates are determined by municipalities or single service providers.

The preliminary budget as presented shows an average decrease in maintenance fees of over 7% for 2010. A large portion of that decrease is a result of the change in reserve accounting that is being proposed by the Budget Committee.

The proposed budget must now be reviewed by the BOD. There may be further adjustments before the numbers become final.

The complete presentation including the chart shown above is available at the link below and on the President's Blog.

2010 Budget Presentation

The BOD will consider the preliminary budget at the October BOD meeting on 10/26. All owners are invited to attend.