Hello Meadows, the Board would like to address the adopted 2024 budget and explain the hard decisions we faced to keep monthly assessments from rising drastically. Because of the unprecedented increase in the Master Policy insurance expenses, the Board worked hard to reduce line-item expenses where possible while still funding critical projects/plumbing repairs and considering community requests for cleaner common elements and security presence.

When the Board realized that adopting a budget without any changes would lead to monthly assessments increasing $52 ($369/Month) for two-bedrooms and $58 ($415/Month) for three-bedrooms, we knew major adjustments were needed to ensure Co-owners would not suffer financially.

The Board reviewed the 2023 Summer Pool usage numbers and found that only 68 Co-owners visited the pool, the pool was primarily used by renters NOT Co-owners in 2023. The 3½ month pool contract alone totaled $69,000, the water usage cost largely increases during those months, and pool equipment malfunctions could cost thousands to repair.

For the 2024 budget, the Board considered the pool information and the community’s feedback and needs, and elected to:

• Reduce the groundskeeping contract to three days per week.
• Close the Pool for the 2024 Season.
• Keep Security the same.

The pool closure is not permanent, and the Board hopes to be financially able to open it for the 2025 season. This was not an easy decision to make, and we know that this is upsetting news, but we needed to look at the needs of the entire community and make a decision that would benefit the majority of the Co-owners who pay the dues.

Due to the changes above, beginning in January, the monthly assessment will be $346 ($29 increase) for two-bedrooms and $389 ($32 increase) for three-bedrooms.

Kristina Berry