Financial Corner

As 2015 nears an end, I’m happy to report the financial condition of the Association remains very healthy.  As you may recall, our plan for the past year was to substantially increase our spending on milfoil control at this critical juncture, so that our efforts do not fall too far behind. As we started the year, we planned to fund this increase through using $140,000 of our reserves.  At this juncture we will end the year using somewhat less of our reserves than budgeted. The primary reason is that we spent somewhat less than our original budget called
for due to less milfoil crew time than budgeted, due to unexpected issues in retaining crew members and mechanical issues which kept one or more of our boats off the water for a short period of time.