District manager Gerald Hartley will present a revised budget for approval. In a memo to the board, he said he is not recommending any assessment increases for 2013. The budget reflects anticipated assessment revenues of around $1.9 million, based on collections from 3,602 lots of the 4,613 that will be billed.
Together with other sources of income, the budget shows expected total revenue of $2.8 million. After capital improvements, operating expenses and debt service, the district hopes to end next year with a surplus of $108,000.
Included is the purchase of two golf grounds mowers for $60,000, from the equipment depreciation fund.
Harley said in his memo that the budget does not include a golf cost analysis because it could "cause confusion," but he will provide that report separately.
There is no regulation for amenities under consideration for this meeting, he said, as a document is still being worked on to revise golf and campground amenities.
In his report to the board, Hartley will discuss the accounting software bid opening on Nov. 15 and the bids received. He also said he has begun drafting an RFQ for a water system leak study, with expected completion in December.
Hartley wrote he does not anticipate the need for a board meeting in December, as several board members will be out of town for the holidays.
The meeting will take place at the district office at 110 Woodsdale Drive.
Those who wish to review the budget and other documents can find them on the district's website at hisid.info, and click on the "Home" tab.