2018-2019 BUDGET PRESENTATION 04/25/2018
AGENDA I. Introductions II. 2018-2019 Budget Process III. 2018-2019 Budget Highlights IV.2018-2019 Proposed Budget/Assessments
II. 2018-19 Budget Process Dec - Jan February 21 March 30 April 25 Budget and Ratification Draft Budget for BOD Budget Ratification Develop Budget Meeting Notification Approval Meeting Posted via Connections
III. 2018-2019 Budget Review Notable changes in 2018-2019 budget Annual Base Assessments: $936 ($24 increase from 2017-18; less than 3% increase). Reserve is currently 80.4% funded, a decrease from 95% due to new development and the addition of projects, but the risk of special assessment and deferred maintenance is still considered low. Landscape Contract: $36K increase (11%) due to vendor changes and rate increases. Landscape Non-Contract: $45K increase (61%) due to tree-trimming moved from “contract”, streetscape improvements, and goats/projects . Landscape Equipment/Rental: $68K increase for the purchase of capital equipment, and additional rentals to support the increase in work activities and reserve projects. Landscape/Maintenance Payroll & Benefits: $50K increase (10%) for the addition of 1 seasonal Landscape employee, and change of 1 P/T Maintenance employee to F/T. Maintenance Supplies: $10K increase (48%) for the purchase of a pressure washer with trailer.
Annual Assessment History Issaquah Highlands Com m unity $9 36 Master Base Assessm ents $9 12 $9 12 $9 0 0 $8 9 4 $8 9 4 $8 9 4 8 70 2012 2013 2014 2015 Fiscal Year 2016 2017 2018 2019
2018-19 Budget Allocation
IV. 2018-2019 Budget Review IHCA annual base assessments will increase $24 for 2018-2019 budget year. Annual Semi-Annual Monthly 2017-2018 Assessment $912 $456 $76 2018-2019 Assessment $936 $468 $78
2018-2019 Budget Review 2018-2019 Notable Budget Increase/(Decrease) 17-18 17-18 18-19 $ Budget Forecast Budget Budget Incr/(Decr) Landscape Contract $366,800 $348,400 $385,000 $36,600 Landscape Non-Contract $57,700 $74,000 $119,000 $45,000 Landscape Equipment/Rental $21,000 $18,600 $87,000 $68,400 $513,294 $523,594 $574,300 $50,706 Landscape/Maint. Payroll/Benefits Maintenance Supplies $21,000 $21,000 $31,000 $10,000 TOTAL $979,794 $985,594 $1,196,300 $210,706
2018-2019 Budget Review Assessment Comparison by Unit Budget 2017-2018 Budget Units $ Per Unit Total Expenses* $2,767,860 3,280 $844 Total Reserves $223,500 3,280 $68 Total $2,991,360 3,280 $912 Prev Year Budget 2018-2019 Budget Units $ Per Unit $ +/- % +/- Total Expenses* $2,814,120 3,295 $854 +$10 1.2% Total Reserves $270,000 3,295 $82 +$14 20.5% Total $3,084,120 3,295 $936 +$24 2.63% *Net of Other Income
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