Board approves budget with 2% assessment increasePosted November 12, 2012 at 4:59 PM, Filed Under: BCA News, Front Page, Village Mill
By Wendy Parker
At its November 5 meeting, the BCA Board voted 5 to 2 to approve the 2013 BCA budget.
During member voice, Architectural Review Board members Chair Andy Wyman, Graham Henderson, and Sherry Blom, and Natural Resources Committee member Mary Camp appealed to the board to fully fund the landscape designer and community architect consultant positions for 2013. The board voted 4 to 3 not to fund the landscape designer position, and partially fund the architect position as needed. In addition, the board reconsidered and voted 5 to 2 to raise assessments 2 percent to partially restore the reserve fund contribution in the 2013 budget closer to 2012 levels ($251,292 in 2013 versus $276,305 in 2012), although it still will be funded at a lower level than recommended by the Reserve Study. The 2 percent assessment increase amounts to 67 cents per household per month.
The new budget will allow for completion of priority 2013 projects recommended by MPOC and BCA staff. The budget provides for a 2.5 percent increase in the salary pool for BCA employees to recognize and retain higher performing employees.
According to Finance Committee Chair Buddy Whitfield, the 2013 budget will continue to improve the quality of life for residents and help increase Brandermill’s competitiveness with surrounding communities. Brandermill’s annual assessment will remain the lowest in the area. In addition, the BCA will continue to have zero debt and no special assessments. “I am pleased the board chose to support the Reserve Fund with additional funding,” says Whitfield. “However, the impact of the reduction in architect hours and elimination of the landscape designer on service levels remains to be seen. Eventually, the new community manager will need to review resource requirements and make recommendations to the board.”
At the meeting, the board expressed its view that the new community manager should evaluate all BCA resources including the consultant positions and advise the board accordingly on the needs of the association and the best use of available fiscal resources.
Audio recordings of board meetings are available online at www.brandermill.com under “Board of Directors Meetings.”