Meeting Date:
Special Open Meeting
2025-12-27 Special Meeting Budget Adoption
Board Members Present (In person)
President - Nelda Fink ,Vice President - Harry Payne ,Treasurer - Thanh Nguyen
Agenda
Meeting Validation:
- Meeting called to order by current President, Nelda Fink at 7:05 PM
- Validate Meeting as per bylaws,
- notice presented, BOD quorum met,
- BOD members validated.
Motion & Discussions
-
Budget Review
- Budget was established at regular meeting November 18, 2025.
- Budget sent to Council on or about November 20 via email and USPS mail.
- Budget also posted to the website in stand alone post which allows comments.
- Council has had their required 30 days to provide feedback or concerns regarding the budget.
- No comments entered on the website, no comments sent to ADR, and no comments sent to President email address.
- Therefore the budget as posted can be adopted for 2026.
- Line items from operating budget moved to Reserve Budget (shows 1-1 correspondence with Reserve study line items)
- 0% increase in assessments
- Increase in reserve savings account at end of year ($21,657)
- Full planter box estimated costs absorbed in 2026.
- Repairs to front sign, Meeting room HVAC system, basement 581 completion placed on hold until 2027
- Deck foundation code upgrade (1 unit), grounds resurfacing, still remain in 2026 budget.
- No disputes on the proposed 2026 budget exist.
- Motion to adopt the proposed 2026 budget as posted. Motion seconded by Mr. Payne. 3 in favor, 0 opposed.
