6 | LIFE IN SOLERA | JULY 2025 |
The Finance Committee (FC) is now an Advisory Committee
as stated in our recently revised CC&Rs. The FC is responsible
for many things such as reviewing the financial reports each
month for accuracy, ensuring the funds collected are insured by
FDIC or other insurances, monitoring the monthly transactions
of the Operating, Capital Improvement, and Reserve accounts,
and present quarterly reports to the Board of Directors. The
Board makes the decisions about spending, while the FC ensures
the proper account is charged.
The FC works with the General Manager to look at the expenses
of the current fiscal year, contract increases, and inf lation rates
to develop a budget for the next fiscal year. The Board has the
final review and may make changes to the proposed budget.
The information listed at right explains where your monthly
assessment money is spent. These figures are based on the
approved budget for 2025-2026 fiscal year. The annual budget
for this fiscal year is $4,759,704 and the monthly assessment is
$307. ~ Marcia Casem
Finance Committee
Category Cost per Month Percent of Budget
Utilities $86.47 28.13%
(includes Spectrum)
Pool $ 1.71 0.56%
Landscape $29.86 9.71%
Contract Maint. & Repair $ 8.93 2.9%
Repair & Maintenance $ 6.23 2.02%
Property Protection $35.80 11.64%
Recreation $22.38 7.28%
Community Events $ 1.61 .53%
Administration $44.46 14.46%
Legal $ 1.29 .42%
Reserves $69.44 22.59%
$308.18 100.00%
Less misc. income: -.74
Total: 307.44
We round down under .50: $307.00
*Pie chart numbers
rounded to the nearest
tenth of a point
