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3/12/2025 9:08:25 PM
 
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Section 5: OPA Board Subject: Bulkhead Rates Msg# 1222143
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Ken:
Almost. As of the end of January OPA was $731,228 ahead of budget. Almost a 3/4 Million Dollar surplus, or $86 each of us overpaid in this FY alone. This doesn’t take into consideration the extra $510,788 surplus transfer from a previous year’s surplus, or another $60 each. That is a total over payment over $146 each property owner. How does our board handle all of this extra money? Easy, they increase next year’s assessment by $212,825 or $25 each. Marty |
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For reference, the above message is a reply to a message where: For the current fiscal year budget, my non-water assessment was set at $850. Per the next fiscal year budget document, OPA is expecting a current fiscal year operational positive variance to budget of $646,000. When I divided the $646,000 positive variance by 8,500 lots, it looks to me like OPA collected $76 more from me than it needed. Put another way, OPA could have set my current year non-water assessment at $774. I'm still confused on the $965 figure and what it represents. |
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5/24/2025 - 9:00 A.M. |
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