Budget Time at the HOA
The Finance Committee of the HOA should by now be hard at work on the 2025 Proposed Budget. The Proposed Budget should be presented to the Board by the November monthly meeting (11/12/24), so that the newly-elected board members and those with one more year to serve have time to digest it, tweak it, and approve it at the December monthly meeting (12/3/24). It should be presented earlier this year, because there will be clear need for an increase in Assessment over 10%. For that, the approval of the Voting Members is required. The November BOD meeting is important, because it immediately follows the Annual Meeting of Voting Members (AMVM). Three Director positions are to be elected (or re-elected) this year. The AMVM is convened if a quorum of legitimate Voting Members is present. The terms of Dennis Rybicki, Tanisha Holmes, and the position vacated by the resignation of Tommy Williams are up for election. Williams was appointed to succeed Vernell Butler, who had resigned whe...