I am attaching the Association's Financial Statements for the month ended 4/30/2025.
Revenues were OVER budget by $59,518 and total expenses were UNDER budget by $11,112.

We have a POSITIVE YEAR-TO-DATE operating fund variance of $1,006,440.

Revenues are OVER budget by $472,489 and total expenses are UNDER budget by $533,951.

If you should have any questions regarding details, please call the Finance Department at ext. 3012.

We had a POSITIVE operating fund variance for APRIL of $70,630.

45676f31-f7da-0108-a869-40f77c18bb76 for details on OPA web site.

The last several years have produced enormous profits compared to budget. These have helped hold down or reduce assessments. Some association member feel the assessment should be even lower so that OPA more or less breaks even compared to budget.

I'll leave the accounting detailed review to Tom Stauss at the Progress for this unaudited end-of-year report, but it looks like more good news.

While the profits or any "retained earnings" may make some think OPA is holding too much of our assessment dollars in reserve, despite holding the line on assessments, the reality is substantial expenses are on the near horizon.

Odds are association members will approve a coming referendum to authorize the board to spend as much as $5 million on the new/renovated south-side fire station. 

There is also the ongoing replacement of the irrigation system on the golf course. This is probably just under $1 million a year for another three years.

Short of any unknowns, OPA is in excellent financial condition now and moving forward under the ongoing exceptional management leadership of John Viola.