Budget 2024 – Budget & Finance Committee Meeting, June 8

Date: June 01, 2023
Subject: Budget 2024 – Budget & Finance Committee Meeting, June 8

Well it’s that time of year to begin the budget for 2024 and you all are invited to the Budget meeting next Thursday, June 8th at 5pm.  Come join the fun as we’ve gotten out the following to help determine our new budget.

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Over the last few years I have had heard unit owners’ remarks regarding the various aspects of the financial side of Queens Landing. This is your opportunity to find out and be a part of the process.

How does the budget get done?  Yearly the budget is reviewed by the committee which looks at the past 5 years’ expenses along with current year.  The vendors, such as utilities, are contacted to see if there will be any rate increases along with those that the contract is under renewal.  Based on past expenses, any rate increases and any known upcoming new expense is entered in a spreadsheet which will then calculate dues per unit.  The committees also submit a budget, if applicable, to their committee.  The committee will also look to see if there are any areas in which the budget may be reduced.  Reminder – most all expenses paid are those such as utilities, contracts, insurance, and maintenance/upkeep of the community.

I want to know more about what is going on with our community, how can I find out?   The best way is to become involved, informed and active.  Attend meetings, contact the committee chairs, request information from the office and check the QL portal.  Nothing worse than posting on social media something you heard which may not be accurate. Instead email the committee chair or members.  We volunteer our time as we are just as much invested in our community as you are.

Looking forward to seeing you next Thursday!

Jaci Hendricks, Treasurer

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