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3/12/2025 9:38:29 PM
 
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Section 5: OPA Board Subject: Bulkhead Rates Msg# 1222146
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| At least OPA has enough cash and investments to pay its share of the new southside fire station and to cover the additional reserve needed for the firehouse and OPA's commitment to fire equipment for years to come. | ||||||
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For reference, the above message is a reply to a message where: 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 |
| Calendar |
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. |