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2/11/2023 7:08:58 PM
 
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Section 5: OPA Board Subject: Too Much Money Msg# 1182192
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When reserves are up to the 35-40% mark as recommended, there are no emergency repairs and the surplus is actually realized, reduce the assessment.
Hmmm. Apparently there were no emergency repairs on the horizon when you voted last year for a $100 assessment reduction. Hmmm. Apparently OPA met this nebulous 35-40% reserve number when you voted last year for a $100 reduction. There is a whiff of hypocrisy in the air. More than a whiff. It is overwhelming
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For reference, the above message is a reply to a message where: Not political to listen to the GM & financial experts. Yes, the board did vote to lower assessments last year AND increase money for drainage and raise reserves. The B & F committee believes our reserves need to be raised even higher and I agree with that approach, especially when it comes to roads. The budget is optimistic in regards to weather. OPA lost over $60,000 with one storm at the yacht club the last weekend open....just imagine a washout July. When reserves are up to the 35-40% mark as recommended, there are no emergency repairs and the surplus is actually realized, reduce the assessment. |
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OPA Board Meeting - Golf Clubhouse
5/24/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhpuse
6/28/2025 - 9:00 A.M. |
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OPA Board Meeting - Golf Clubhouse
7/26/2025 - 9:00 A.M. |
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Annual Meeting - Assateague Room
8/9/2025 - 9:00 A.M. |