[Goldwingnut]

Originally Posted by twoplanekid

From the 1/23/2019 presentation to the Amenity Authority Committee by Barbara E. Kays, Budget Director covering a 10 year projection and more as found on the districtgov.org web site. Interesting !

click to see the 10 year fund balance/Amenity Fee calculation and click to see the powerpoint presentation to cover other spending issues and forecasts

Coversheet

Good info TwoPlaneKid. For clarification to everyone on this, the numbers shown in the PowerPoint are for the AAC, the areas north of CR466. They show substantial cash reserves on their balance sheet, I'm assuming these are mainly from the lawsuit settlement. They (the AAC) will have to make a decision to either deplete their reserves or raise or abolish the deferral rate to compensate.

South of CR466 the numbers are much larger and not as optimistic due to less reserves and larger number of houses. In about 4 years nearly all homes will be at the deferral rate and the projected expenses will exceed the revenues. SLAD would then either have to reduce services or accumulate debt if the deferral rate isn't raised or abolished.

Costs of services, material, and labor go up every year. Nobody wants their amenities fees to go up but it's become a necessary or suffer from cutbacks.