Overview of Approved CA FY2019-2020 Budget (The Villager 2018-03)

Overview of Approved CA FY2019-2020 Budget

The article is published on The Villager of River Hill Community Association, 2018-03 issue.

On Thursday, February 22, the Columbia Association’s (CA) Board of Directors approved the FY2019 and Conditional FY2020 Budget. In FY 2019-2020, the annual charge rate will be $0.68 of every 100 dollars of the assessed value of the property with a 3.5% cap. I made a motion to bring down the annual charge rate to $0.65 (around 4.4% decrease) which failed. I will continue advocating for a lower annual charge rate in the future. I believe many residents are negatively impacted by this high annual charge fee due to the cap being increase from 2.5% to 3.5% and the continued rise of property values in our community. The membership fee also keeps climbing up each year. I believe that by lowering the cap, Columbia residents will have more disposable income to purchase CA fitness memberships that will offset the loss of assessment share income.

I made a motion to remove approximately $200,000 dollars in funding for village sign replacement since a majority of villages do not like the new sign design. This motion passed. During the budget process, the Board had a lot of discussion on the membership fee, construction of modular houses for Columbia Horse Center, maintenance of CA bridges and tunnels, the outlook for Haven on the Lake, and funding to the Inner Arbor Trust for pathway construction in Symphony Woods. An overview of the approved budget is given below.

Total FY19 budgeted revenue and annual borrowings are $81,798,000. The breakdown by source is provided below ($000’s):

Interest and other $972 (1.2%)
Borrowing $7,316 (8.9%)
Commercial Annual Charge $14,160 (17.3%)
Residential Annual Charge $26,296 (32.2%)
Community Services Programs, $4,775 (5.8%)
Sport and Fitness Income, $28,279(34.6%)

In FY19, the $81,798,000 will be used in the following ways (000’s):

Sport and Fitness Programs and Facilities: $29,371 (35.9%)
Contingencies/other $506 (0.6%)
Administrative Services $2,289 (2.8%)
Village Community Associations $5,411 (6.6%)
Community Services Programs $7,827 (9.6%)
Capital Expenditures $20,000 (24.5%)
Debt Repayment $1,895 (2.3%)
Board of Directors $1,002 (1.2%)
Open Space Management $13,497 (16.5%)

Major capital projects (greater than $500,000) approved for FY19 and FY 20 include:

Columbia Swim Center – Phase III Renovations $1,225,000
Watershed improvement projects $710,000
Athletic Club – Phase II Renovations $5,000,000
Columbia Gym – HVAC $600,000
Horse Center – Facility Assessment Survey Items $655,000
Supreme Sports Club Renovation $4,700,000
Haven on the Lake – Site Renovation $1,000,000
Slayton House-Theater Renovations $515,000
Columbia-Wide HVAC Systems $600,000
Columbia-Wide Watershed Stabilization $850,000
Columbia Wide Ponds Dredging and Repairs $846,000
Lake Elkhorn Planning and Dredging $1,090,000
Equipment and Vehicles $800,000
Sport and Fitness Facilities and Equipment Upgrades $550,000
Columbia-Wide Bridge Replacement $615,000
Columbia-Wide Pathway Renovations $1,000,000
Aquatics- Hawthorn ADA-Complaint Wading Pool $500,000
Headquarters Building –Reserve for Deposit $1,100,000
Stonehouse – Full Building Renovation $750,000

To view more information on CA’s FY19/20 budget, visit: www.columbiaassociation.org/budget.

Chao Wu, Ph.D.
River Hill Representative to Columbia Council and Columbia Association Board of Directors

Email: superbwu@gmail.com Website: http://www.chaowu.org

Disclaimer: This letter only represents Dr. Chao Wu’s personal opinion. It does not represent River Hill Board of Directors nor Columbia Association’s Board.

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