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FCFHOA 2020 Budget Meeting November 14th
November 14, 2019 @ 2:00 pm - 4:00 pm
The Board of Directors is hosting an open budget meeting this Thursday, November 14, 2019, at 7 p.m. in the clubhouse to present 2019 year-end review and the adopted 2020 budget. The adopted budget can be viewed by clicking here.
Following is a brief summary of 2019 accomplishments
- Increased income due to CD investments
- Began phragmites remediation
- Completed maintenance on path to crab pier
- Repaired crab pier and bridge to Cherry Tree Cove
- Purchased an outdoor screen and projector
- Purchased replacement lounge chairs for pool area
- Replaced pool pump
- Purchased ping pong table for use at pool
- Installed acoustic tiles in the clubhouse to mitigate sound
- Pickle ball lines and equipment at tennis court
- Installation of awning over clubhouse deck by year-end
Following are highlights of the 2020 budget
- No increase to assessments
- Reserve fund increase of 10%, or $12 from $121 to $133, to continue to add funds needed in upcoming years for items identified in reserve fund study
- New landscaping and pool management contracts
- Continued phragmites remediation