2010 Budget Meetings Continue

The second posted board budget meeting was held today in Goodwin Hall. These are not the workshops where the actual budget will be projected on the wall for all to see. Right now, the members of the board and Cheri Scobee, our manager, are doing the mundane line-by-line discussion of income vs. expenses.

Cheri prepared three detailed versions of a proposed budget for today's meeting: one with no maintenance fee increase, with and without the $3ook extra bank loan. She also drafted versions with a 3% and a 5% maintenance increase. Today's meeting was a little under four hours, and really just skimmed the surface.

Our park is no different from most all governing bodies in the nation during this dreadful recession. Our income is decreasing, and we need to cut our expenses. Exactly how we do that is the topic of discussion at these budget meetings. Difficult decisions need to be made.

Please share your ideas with members of the board, and give us your support as we present our solutions to these difficult decisions to the membership. The next meeting is scheduled for October 20 at 1:00pm. Shortly after that, the budget will be mailed out to the shareholders.