The community’s financial performance through December 2025 reflects continued strategic management and ongoing investment in long-term priorities. Operating revenue for the year totaled $14,291, while operating expenses were $68,166, resulting in a year-to-date net of $82,457. These figures reflect routine maintenance and administrative costs through the end of last year.
The Ian Storm Damage Account continues to show significant activity, with $444,316 in completed work to date. Insurance payments against the storm damage total $96,117, with approximately $39,000 still to be collected. A member special assessment generated $415,710 of revenue, leaving a remaining balance of $67,511 targeted for the perimeter barrier project in the current plans.
The community’s Reserve Account remains strong. After closing December 2025 with an ending balance of $209,061, reserves continue to support long-term needs without jeopardizing operating cash flow. The money market account shows stability with an ending balance of $170,612, including modest investment gains.
Overall, the financial position entering 2026 remains solid, with storm recovery efforts well underway and reserve levels maintained for future community projects and unexpected needs.
To reach our chair John Towey, please email him at [email protected]
