4 | LIFE IN SOLERA | MAY 2025 |
Budget for 2025-2026
On April 2, the Finance Committee
presented a proposed budget for the coming
fiscal year of 2025 – 2026, which begins June
1, 2025. I would like to thank the members
of the Finance Committee: Peter Marchi,
Leo Jusay, Pat King, and John Crawford for
their hard work and support in creating
this budget. Thank you to Ellen Racobs,
General Manager, for your assistance with
contract information and support, and
to Steven Bly, Board Treasurer, for your
support and input. This budget has been a
team effort and hours of work to ensure that
it is comprehensive and accurate.
Below are the Operating Budget totals for
each category:
Income:
• Assessment - $4,504,680
• Miscellaneous Income - $11,500
Total: $4,771,207
Operating Expenses:
• Utilities - $1,338,668
• Pools - $26,500
• Landscape Maintenance - $462,276
• Contract Maintenance & Repairs - $138,264
• Repairs & Maintenance - $96,457
• Property Protection - $554,236
• Recreation - $346,524
• Community Events - $25,000
• Community Excursions - $0
• Administration - $688,279
• Legal - $20,000
• Reserve Funding - $1,075,000
• Capital Improvements - $0
Total Expenses: $4,771,204
Minus Misc. Income: $ 11,500
Total Cost to Member: $4,504,680
The Total Cost to Member is then divided by
1290 divided by 12 = $307 per month per
member.
The new monthly assessment amount
of $307 begins June 1, 2025. Please make
a note of this amount change. Remember
to change the amount authorized for your
automatic payments either ACH or for
online banking. The change should be
made during May to be effective June 1.
A copy of the Budget for 2025 – 2026 was
mailed to members in April and is also
available on or Solera website. ~ Marcia
Casem
Finance Committee
