GENERAL MANAGER’S REPORT/ACTIVITY UPDATE 10/16/2025
Business Updates:
- Town Council approved the plat amendment to combine the common area lots of the Cedar Creek Park which are Plats 17, lots 11, 12, 13 &14. The same will now be submitted to Lincoln County for official recording. The next step official step in the Cedar Creek Park project will be the rezoning of the lots. This will go before the Planning Commission next Tuesday October 21st at 5:30.
- The Association’s Resort Liquor License was also approved this past Tuesday 10/14/25 by Town Council for the 2026 year.
- The Pizza Shack will remain open during the off season! An addendum to the current lease has been provided to our lessee for review and signatures.
- As mentioned, the Board will be authorizing the $50K payment to cover the insurance deductible for the Cedar Creek Center claim. This payment will come from Major Maintenance / Future Needs Savings.
- 2 Collection Liens have now been released, for payment was received in full.
Assessments:
2025 Assessment Status: as of 9/26/2025 is 94% where 1,895 accounts have been collected with 61 remaining to reach 97% collectability.
DCCR Violation:
The Association has received one violation complaint that the Board has taken under advisement. The member will be issued an additional formal letter of compliance as this is the second complaint received for the same violation.
2026 Budget:
As part of the 2026 Budget, the Association will be updating three (3) Operating Polies, two (2) of which will reflect the updated proposed fees. These include the Membership Card Issuance Policy and the Recreational Use Policy. The third (3rd) Operating Policy that will be amended is the Fiscal Year End Closing.
For the past two seasons, the Association has moved $250K out of the Operating Checking Account, housed at the BOSV, to a Fidelity Money Market to garner additional banking interest during peak income months. When reviewing our 2024 annual audit, the 30-day cash threshold for operating expenses, prior to depreciation, indicates that the Association needs to maintain approximately $139K in our account. With that being said, during peak income months, it stands to reason that instead of moving $250K out of the Operating Account, the Association can operate with that same $250K as the base. Thus, the majority of the Operating Account can be housed in a higher interest-bearing money market where the funds still remain as liquid cash. Again, the Directors, with the assistance of the Admin team, are always faithfully reviewing avenues to increase our passive income.
We are pleased to report that through key efforts such as these that the Association has increased its Earned Banking Interest Income by over $30K in comparison to the same period in 2022 where only $1,100 was earned. In this year to date alone, the current Admin Managerial Team has propelled the Association’s finances forward with over $57K of Administrative Income when compared to the $3K earned in 2022. Our goal as a department, and one in which we are continuously striving to exceed, is to cultivate healthy, sustainable, revenue streams which will directly offset our department’s expenditures and the Association’s as a whole.
In terms of the budgeting calendar, October 24th is the final day for recommended alterations to the budget. As of the 25th of October, the only variations to take place will be for items such as an updated insurance premium, worker’s comp. percentages, etc.
Facilities / Golf / Greens:
To quote The Game of Thrones, ‘Winter is Coming!’ That means the winterization of our outbuildings will commence along with the removal of the fountain on the Aspen Hills #8 pond. Alas, Aspen Hills has now closed for the season, just a few days shy of the original date due to weather conditions. Also in preparation, the Association received approval from the Department of Agriculture to remove the precariously leaning Aspen trees within the permitted horseshoe parking area behind the Cedar Creek Center. The trees were removed this past week along with another large tree adjacent to the #1 Men’s Tee Box.
The gravity fed irrigation system began its annual blow out today and will continue roughly through Saturday. Please be cautious of irrigation heads while the lines are expelling any remaining water.
In terms of the Pro Shop, special orders are still being accepted and processed and shipping can be accommodated to a winter address. As always, Pro Shop credits expire on November 1st. Looking ahead to the 2026 season, Ping will visit us on June 13th and Calloway is already scheduled for June 20th.
A few exciting key points have been addressed in the 2026 proposed golf budget, where You requested and We listened. Twilight Golf will return in 2026 along with increased marshaling for both courses.
In closing, with so many facets and demographics within our membership, the Board and team are constantly weighing and balancing to provide for and to respect each grouping. You are why we are here and what makes this community worth fighting for!