Answers to questions asked at the Budget meeting ……
I mentioned Briarwood processes approximately 1500 lease applications per year and collects $100 each. While we did collect approximately $150k from applications, we actually processed 1228 applications at $100 each, ($122,800) plus $28,000 in expedited fees. Our 2026 budget report shows a lower amount in case we have a slower year and don’t go over budget. We do not have any applications that have been processed but were not paid. While the numbers look impressive, keep in mind this represents approximately 10% of our revenue (mostly from our HOA dues), and it takes about $900K to run Briarwood while prices keep rising.
My apologies for any confusion. My goal is to be informative and transparent.
Also …
It was brought to my attention the lake that was repaired this year still does not have new plants installed that help prevent erosion from reoccurring. Advanced Aquatic is scheduled to install Native grass plants in January. I have learned that most lake erosion occurs from a lack of littoral plants and our house gutters! During heavy rains, water from your roof and your neighbors’ runs between your houses down to the lake, causing it to wash out. You can prevent this by having underground downspouts installed.
Ken