Spreadsheet

Board Presentation and Q&A

Notes:

0. The topline is that as currently constructed the budget balances at $1,335 per quarter per unit.  That is a little less than a 3.6% increase from the 2023 rate.

1. We are achieving an investment rate of interest that is greater than than the rate of inflation on the reserve fund.  The fund is mostly invested in Treasury instruments (T-bills) and bond funds of Treasury instruments.  We are hedged with a conservative blend of stocks and ETFs.

2. We have achieved almost 100% success in collecting accounts in arrears, thus further improving our balance sheet.

3. It did not snow much last winter, though there are still 8 weeks remaining in 2023. Snow in November and December is not very common, but not unprecedented.  Predictions for this winter (stretching through March/April) are for near or above-average snowfall this winter.

4. Because labor has been hard to get, we are late on completing the 2023 annual maintenance plan.  But hopefully everything in the plan will get done before 31 December such that we won’t have to defer jobs into 2024.

5. In 2024 we will execute on some landscaping, common area maintenance, and community events such that individual owners can claim credits on the Stormwater Utility Fee, https://www.arlingtonva.us/Government/Programs/Sustainability-and-Environment/Stormwater/Stormwater-Utility-Fee

6. Our challenge is to remain girded for the foreseen and unforeseen emergencies, i.e. water service pipe rupture and other calamities that may arise; as well as to stay on track to have the funds for major repairs/replacements coming in the next few years, e.g., the Exxon wall and resurfacing the parking lot.