DAYBREAK COMMUNITY ASSOCIATION 2019 OPEN BUDGET WORKSHOP

Transcription

1 DAYBREAK COMMUNITY ASSOCIATION 2019 OPEN BUDGET WORKSHOP

2 WHAT YOUR ASSESSMENTS COVER Salary & Benefits Salaries, taxes and benefits for the Daybreak on-site team. These costs are reflected in several areas of the itemized budget in order to capture the costs in the most appropriate expense category. Administrative & General Audit, Legal Fees, Management Fees, Office Rent, Office Supplies and Equipment, Postage, etc. Contract Services Landscape Maintenance, Patrols, Snow Pushing Pest Control, etc.

3 WHAT YOUR ASSESSMENTS COVER Repairs and Maintenance Community Gardens, Irrigation system, Backflow tests, Signage, Plant Replacement/Treatment, etc. Parts and Supplies HOA Truck Fuel & Parts, Park Trash Bags, Fido Bags, Tools and Equipment, lighting supplies. Utilities Electricity, Gas, Water and Sewer.

4 WHAT YOUR ASSESSMENTS COVER Insurance Directors and Officers, General Liability, Umbrella, Workers Compensation, Earth Quake (DCC). Taxes Parks & Open Spaces, Amenities, Office Equipment and DCC, non-exempt functions of income.

5 WHAT YOUR ASSESSMENTS COVER Daybreak Community Pools: Splash Pool, Eastlake Pool, Brookside Pool, Upper Villages Pool and the DCC Pool Pool expenses include: Staff, Training, License & Fees, Telephone, Start-Up and Winterization, Pool Equipment Repairs, Chemicals, First Aid Supplies and Utilities, etc.

6 WHAT YOUR ASSESSMENTS COVER Daybreak Community Center: Staff, License & Fees, Telephone, Office Supplies, Meeting Supplies, Office & Fitness Equipment & Repairs, Community Center Lease/Purchase, Janitorial, Landscape Maintenance & Snow Pushing, Utilities, Cable/Internet, First Aid Supplies, etc. The Community Center also produces income to help offset expenses through classes, child watch and meeting room rentals. Oquirrh Lake: Boat Facility and Programming, Trash Pick Up, Staffing, Boat Storage, Boat Supplies/Repairs, Lake Hosts, Operations & Maintenance, etc.

7 2019 BUDGET Unit Cost Comparative Review After much discussion, the Board of Directors and the Budget and Finance Committee developed the budget based on community priorities and objectives. Following slides review the categories and line items that influence the budget

8 2019 BUDGET Landscape Maintenance and Irrigation Directly related to new common areas coming online in 2019 to be maintained by the association Cost to irrigate with secondary water

9 2019 Budget 2014 vs Landscape

10 2019 BUDGET Insurance Insurance-Master = General Liability Policy Additional coverages for new amenities Industry driven increases

11 2019 BUDGET Staffing Salaries & Benefits for the association and the community center Study growth in 2018, projected for 2019 and beyond How far we have come

12 2019 BUDGET Unit Growth Unit start count

13 2019 BUDGET Unit Growth Summary Unit Growth Year over Year: Since 2014 Daybreak has seen a total growth of 58% or 1950 new units in 5 years In 2018 we estimate to have added 545 new units (Nov., Dec. based on estimates) The 2019 budget estimates adding 450 units during that budget year Taking all of these estimates into account, the projected unit start count is 5760 in 2020.

14 2019 BUDGET Staffing Costs Per Unit has Remained Flat $25.00 $20.00 $15.00 $10.00 Staffing costs per unit per month $5.00 $ For both the HOA and DCC

15 2019 BUDGET Staffing Levels Remains relatively flat compared to unit growth Staffing Levels For both the HOA and DCC

16 2019 Budget Staffing vs. Number of Residents 2014 = 1 staff member to every 573 residents 2018 = 1 staff member to every 783 residents *Based on SJ City Median HH size of 3.61 and unit count

17 2019 BUDGET Staffing Levels The 2019 budget proposes to increase staffing, keeping pace with growth and places the HOA in a better position to serve the community Staffing Levels For both the HOA and DCC

18 2019 BUDGET Oquirrh Lake Lake Maintenance, contract management and oversight Water Taxi, 2019 season to run from May to September

19 Proposed 2019 Monthly Assessment 2019 Proposed Monthly Assessment: $3.50 increase is being proposed for the base assessment $0.00 increase from CenturyLink $3.50 total monthly increase If you live in a sub association, this is in addition to your sub association assessments

20 Proposed 2019 Monthly Assessment Breakdown Assessment breakdown for 2019: $95.00 per month $34.00 per month Century Link $ per month total The proposed assessment rate for 2019 reflects a 2.79% increase over 2018 which is a lower rate compared to previous years (4.74% increase in 2017, 3.29% increase in 2018). Assessment is Billed Quarterly in 2019: $ (Master Association Assessments only)

21 Thank you for attending the Open 2019 Budget Workshop of the Daybreak Community Association