On October 14th the VCA Board convened a Budget Town Hall to describe the proposed 2025 annual budget and to solicit comments from homeowners. At the November 12th Board meeting it approved a budget for the year beginning January 1, 2025. It provides services similar to those we received in 2024. The budget is posted to VCAlife.com. Highlights of the budget include:
Revenue will increase by nearly $300K to $5.7M in 2024. The sources of these revenues include:
• Homeowner assessments for all common areas – rise by 3% or $102K.
• Landscape assessments for the 12 neighborhoods that the VCA cares for – rise by 8% or $61K
• Comcast (cable and internet) – rise by $103K due to the increase of homes in Verandah
• Other income – accounts for $110K. Verandah’s expenses fall into four major categories.
• Common area landscape and irrigation decreased $67K to $1.3M
• Gatehouse and community patrol increased by $20K to $560K
• Comcast increased from $1.46M to $1.56M – in part because there are more homes in Verandah
• VCA administration increased $85K. Notable are increases in legal, auditing, and insurance. $158K will be added to our Reserve Fund.
At the time of this writing you will have received the 2025 approved VCA Budget as well as the 2025 home and cable assessments. The first quarter payments are due no later than January 1st. Everyone is encouraged to sign up for ACH payments to avoid any late fees.
