2025 Annual Budget Meeting Results

 

The FY2026-2027 budget and maintenance fees OPTION A, as proposed at the Annual Budget Meeting on October 20, 2025, was approved by a vote of 39 for Option A to a vote of 9 for Option B: a total of 48 eligible votes.

 

The dues will remain at a rate of $327/residential lot and $773/commercial lot. Maintenance fees are assessed annually and due by January 31, 2026. Yearly dues statements will be mailed out by the end of this month. If you pay by November 30, 2025, you will receive a 5% discount.

 

 

For the fiscal year FY26-27 (3/1/26 - 2/28/27):

The FY2025-26 current operating budget is $434,700. My current analysis estimates we will spend $412,441 and have $22,259 remaining if no emergencies occur requiring funding.

 

Before we get into the two budget options, I want to discuss the reserve fund. The BPOA has assets that must be maintained. Our operating budget covers basic maintenance, but the reserve fund is needed to funds planned/ recommended scheduled high costs repairs or full replacement of these assets in future years, normally out up to 25 years. Our last reserve fund study was performed in 2021 and included all the road updates and maintenance which we no longer have to consider since transferring them over to the Village of Briarcliff. Now, this reserve study needs to be updated to give us a better picture of what we truly need in it and how much we need to contribute to it each year to keep it fully funded. So, I will be asking for an update to it, hopefully in the next few months. We added a budget line in FY25 called Reserve Funding and budgeted $10,000 for FY25. For FY26 I recommend we bump that to $20,000, based on a preliminary reserve fund analysis I completed with minimal costs each year, but not including major dam work. BUT, we first need to get an engineer’s report on to see if we need to do more than just our bi-annual maintenance to the 5 dams on our 5 lochs to try to meet repair request being made by TCEQ. Once we have that engineers report, then we can get the reserve study updated, then we can truly know what we need to fund each year to the reserve fund. Meanwhile, we still have other assets that we have to consider for reserves:

 

 

This is the recommended option by the BPOA board. It has no dues increase and adjusts the different lines in the budget to better align the budget with forecasted expenditures, then slightly decreases the budget by $1,399 from the FY25-26 budget of $434,700 to $433,301. But that decrease puts more funding into the Property Management Maintenance line to enable the crew to complete more maintenance and small improvement projects. It moves $14,000 from the Property Mgt Capital line to the Maintenance line for two brush pickups to put it in the correct budget line. It increases the social committee line by $5,000, from $10,000 to $15,000. And, it makes a minimal $20,000 contribution to our reserve fund, up $10,000 from the FY25-26 budget of $10,000.

 

This is the second option. It has no dues increase and adjusts the different lines in the budget to better align the budget with forecasted expenditures, but with no change in the budget from FY25-26 budget of $434,700. It still puts more funding into the Property Management Maintenance line to enable the crew to complete more maintenance and small improvement projects. It moves $14,000 from the Property Mgt Capital line to the Maintenance line for two brush pickups to put it in the correct budget line. It increases the social committee line by $5,000, from $10,000 to $15,000. And, it makes a minimal $20,000 contribution to our reserve fund, up $10,000 from the FY25-26 budget of $10,000.