HRCA proposing assessment hike in 2018 budget

Increase would go to administrative and recreation funds

Posted 11/3/17

To continue providing quality facilities and services, the Highlands Ranch Community Association is proposing a $4 per quarter increase in homeowners' assessments for 2018.

Of the assessment increase, 25 cents will go to the HRCA's administrative …

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HRCA proposing assessment hike in 2018 budget

Increase would go to administrative and recreation funds

Posted

To continue providing quality facilities and services, the Highlands Ranch Community Association is proposing a $4 per quarter increase in homeowners' assessments for 2018.

Of the assessment increase, 25 cents will go to the HRCA's administrative fund, which covers salaries, benefits, transfers and administrative costs, such as computer equipment and software. The increase is the first since 2014, said Sarah Hoge, HRCA's finance director.

“This 25 cents is making up for three years of growth on the administrative side,” Hoge said.

The other $3.75 will go to the HRCA's recreation fund, which accounts for salaries, benefits, transfers, administrative costs and operations of the HRCA's four recreation centers.

Transfers are set aside for future facility improvements, such as the Northridge renovation — expected to be complete in mid-January — improvements to the exterior of the tennis pavilion at Northridge scheduled for 2018 and a renovation of Eastridge scheduled for 2020.

At its completion, Northridge will have state-of-the-art features, such as a golf simulator and hot yoga studio.

“In order to do that,” said Jamie Noebel, HRCA's director of community relations, “we have to be able to charge a little more.”

HRCA's proposed budget for 2018 is $25.8 million, according to Hoge. The budget is below the consumer price index (CPI), which is a requirement of the HRCA's declaration, or governing document, Hoge said.

Changes in the budget from 2017 outlined in HRCA documents include: a proposed IT manager position shared between administration and recreation; a state-mandated minimum wage increase from $9.30 to $10.20; competitive salaries for management positions to attract and retain employees; and an increased transfer to the Backcountry due to growth.

HRCA's finance committee met for two to three hours once a week during budget season, from August to October, to hear from each department and fine-tune the budget, according to Hoge.

Budget drafts were posted weekly on HRCA's website, at hrcaonline.org/about-us/general-information/financial-information/budgets.

In October, the finance committee recommended the budget to the board and presented it to delegates, which are elected individuals who represent neighborhoods. The board and delegates will vote to approve the budget at a Nov. 14 delegate and board meeting at the Gordon Von Stroh Community Room at Eastridge, 9568 S University Blvd.

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