UPDATED November 3rd

The Board Meetings For The 2024/2025 Budget Review Are Set To Get Underway

The first meeting is Saturday November 4th at 9am in the Party Room.

The entire calendar of expected activity and timing related to the budget is below.

ORIGINAL POST

Work on the proposed budget for PTCA’s 2024/2025 Fiscal Year is underway.

Below is our preliminary expected calendar of activities for review and consideration. (All Meetings expected to be held in the Party Room unless otherwise directed by the Board.) 

Friday October 27, 2023 – Management expects to present a draft Proposed Budget to the Board and Finance Commisson.

Saturday November 4, 2023 BOARD MEETING @ 9am to 12pm – Budget Review Meeting #1 – Categories: Expenses – Administrative, Utilities, Building Operating, Contracts, Maintenance, and Recreational.

Saturday November 11, 2023 BOARD MEETING @ 9am to 12pm – Budget Review Meeting #2 – Categories: Garage Income & Expenses; and Payroll and Legal Expenses during Closed Session at end of Open Meeting.

Saturday November 18, 2023 – BOARD MEETING @ 9am to 12pm – Budget Review Meeting #3 – Categories: Revenue, Capital Reserve, and Final Review and Questions.

Monday December 11, 2023 – BOARD MEETING 7:30pm – Board of Directors Meeting for final considerations and approval to mail proposed budget for Unit Owner Review. 

Week of December 18, 2023 – Proposed Budget to be mailed for Unit Owner Review.

Monday January 8, 2024 @ 7:30pm – Special Unit Owner Meeting To Review Budget.

Monday January 8, 2024 – BOARD MEETING following Special Unit Owner Meeting to accept and/or amend proposed budget. If the Board amends the budget in a material way, for example changing the assessment level or contribution to the reserve, it should be mailed to Unit Owners again, and another Special Meeting should be scheduled.

If you have any questions about the budgeting process, feel free to e-mail me at tpatricio@habitat.com.