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FCFHOA 2020 Budget Meeting November 14th

November 14 @ 7:00 pm - 9:00 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

Details

Date:
November 14
Time:
7:00 pm - 9:00 pm

Venue

Clubhouse

Organizer

Board of Directors