Preliminary 2021 Budget for Discussion

Attached for comments or suggestions is the proposed Fountains budget for 2021.

The dues increase for next year, based on the Consumer Price Index, is 0.99%. Our Fountains dues for 2021 will be $426.04 per quarter, an increase of $4.18 per quarter. The increase of $1.37 per month is a budget challenge, as some of our fixed expenses will increase more than that amount.

Your Board negotiated a new Services contract in response to this challenge, resulting in an anticipated cost reduction of approximately -11% in lawn care and snow services. The attached budget anticipates that reduction will help offset increases in the irrigation water rate and other increases, such as electric usage and irrigation maintenance for our archaic sprinkler system.

Other reductions to meet budget include cutting tree plantings by half, and no dedicated contributions to the reserve account unless a surplus develops by mid-year.

The only new item is professional plantings and flower bed maintenance at our entrance monuments, now that irrigation on discrete mister timers has been added to support flowers. There will be three annual plantings.

The Board does not anticipate any capital expenditures this year. There will be further discussion regarding dredging needed at our ponds next year.