January 16, 2025
A keystroke error in Your Favor!
The 2025 annual assessments have been updated to reflect the Consumer Pricing Index of July 2024 which was a 2.9% inflation rate. We understand that there are no perfect people and appreciate your grace as we internally correct our figures. Our members will receive an updated mailer reflecting this decrease along with options regarding payments. We invite you to connect with any questions.
November 22, 2024
And that’s a Wrap! The 2025 Operating Budget was voted in unanimously on November 21, 2024.
2025 Member Fee Schedule DRAFT
2025 Lineal Fee Schedule DRAFT
We are pleased to share our first DRAFTS of the 2025 Operating Budget. The following documents were used in the collaboration of the first draft and were reviewed and discussed by both the Board of Directors and the Legal and Finance Committee. A key component within the 2025 Budget is the no cost amenities for Members of the Association.
Within the 2025 Budget and Fee Schedule, please note the steps the Association has taken in listening to the desires of the membership to craft a budget that provides Free Swim to Members, Free Gym, Monday through Friday 8:00 a.m. to 4:00 p.m. (with the exception of holidays or office closures), Free Tennis/Pickleball, along with Free Green Fees at Aspen Hills Golf Course Monday through Thursday!
Should questions arise, we welcome an open dialogue with all members to promote a greater understanding of our operations. As always, our General Manager Keri Sawdy and Treasurer Patty Judge, are available to assist each member of our community. As a proponent of open conversation, the ladies remains steadfast in providing all members further clarity on the collaborative efforts that comprised the creation of the budget along with the whys behind the figures. For questions please connect via email at: manager@svrawy.com
November 19, 2024 Budget Updates:
11-19-2024 Version 2025 Operating Budget
The Association received our insurance binder for the 2025 year. There were two slight differences than verbally quoted. The Auto Policy was decreased with a slight increase overall to our Liability and Liability Umbrella. These changes offset one another which provided for a marginal increase to our projected year end savings which will be allocated towards the Major Maintenance Reserve Account.
November 14, 2024 Budget Updates:
11-14-2024 Version – 2025 Operating Budget Worksheet
The Association has received our insurance quotes for 2025 which have increased over the prior year by the following:
Package – Increase of 5%
Umbrella – Increase of 4%
Auto – Increase of 14%
Director/Officer – 0%
The prior drafts had been built with an overall increase of 3.90%. The following line items have now been addressed to reflect the 2025 premiums: 32200, 44000, 45000, 50520 & 56130. With the increase of expenses, the same reflects within the savings/investment line items for an overall Net Income Prior to Depreciation of $168,336.81.
October 30, 2024 Budget News:
The 2025 Operating Budget has been entered into our QuickBooks software which provides a triple check of all numerical formulas. The Draft available below will now only be altered should variations of insurance premiums be received by our carriers.
Please note that our Annual Operating Budget is built as a Cash Budget and does not take into consideration depreciation of assets. Depreciation is calculated during the annual audit using the straight line method; using half year convention and then adjusted out annually with a journal entry listed as 12/31/202(4).
10-30-2024 Version of 2025 Operating Budget
October 29, 2024 Fee Schedule Updates:
There are two color coded versions of the Draft Fee Schedule which highlights the amenities and corresponding fees for Members and Lineals (with a membership card and assessment paid sticker) for the 2025 season.
2025 Member Fee Schedule DRAFT
2025 Lineal Fee Schedule DRAFT
10-29-2024 Version of 2025 Operating Budget
The 10-29-2024 Draft Budget Version, fixes a formula on line item 40630 – Total for Cedar Creek Center. With this formula correction it updates the following line items:
- 40600 – Total Utilities Facilities
- Grand Total 40000 – Facilities Expense
- Major Maintenance Allocation – Assessment Income on page 4
October 28, 2024 Budget Updates:
10-28-2025 Version of 2025 Fee Schedule
The updated version of the Fee Schedule Draft highlights in color the free amenities that Members and Lineals (with a membership card and assessment paid sticker) will receive for the 2025 season.
10-28-2024 Version of 2025 Operating Budget
Updates made to the Operating Budget include:
- A line item of 56168 within the Golf Course Maintenance Expense to account for the new piece of equipment, Mini Excavator.
- A line item of 40637 to account for 50% of the Satellite TV subscription which is shared with the Pro Shop.
10-28-2024 Version of 2025 Budget Notations
The updated version of the Budget Notations has removed Notation #12 that was previously associated to the Administration Payroll / Pro Shop Payroll. Notation 20 now addresses the Pro Shop Payroll.
October 22, 2024 Budget Updates:
10-22-2024 Version of 2025 Operating Budget
10-22-2024 Version 2025 Fee Schedule
2025 PROPOSED ASSESSMENT DRAFT
2025 HOUSE & ENTERTAINMENT Budget DRAFT