At the Annual Member's Meeting held on Saturday, January 16, 2016, the 2016 Budget was approved by votes cast from owners in attendance and absentee ballots previously submitted. The total amount will be $240,000 which is the same amount as the 2015 Budget. As such, the monthly HOA fees will remain the same. When viewing the Budget, you'll note that it's proposed to spend $10,296 for Capital Improvements and $24,000 is planned to be deposited into the Reserve Fund. Because of the size of expenditure, only one project is planned for 2016, which involves upgrading the upper pool and associated deck. During 2015 the total income was $246,071 while the total expenses were $236,221 (includes funds for Reserve Fund and capital improvement projects), whcih resulted in the budget being under spent by $9,940 or 4%.