The Incline Pines HOA presented its budget analysis during the regular Board meeting on Nov. 17. It should come as no surprise to anybody that rapidly-rising expenses are outstripping our community income.
Our HOA insurance premium alone doubled in cost following last year’s disastrous wildfire season. Snow removal, roofing and painting expenses have all risen sharply.
The Board floated multiple proposals to meet the rising costs; suggestions include:
- A one-time special assessment
- An increase in the current $570 monthly assessment (dues)
- Creating a two-tier monthly assessment based on unit size (large vs. small)
- Designating roof repair/replacement as an individual owner expense similar to the arrangement involving decks
Nothing has been decided and the Board welcomes all suggestions and feedback. Please post comments below or email: Board@inclinepines.com
Many thanks to Board treasurer Renee Meldrum for creating a thorough spreadsheet showing budget trends for the last four fiscal years. The individual sheets have been converted to PDFs with the links below.
You’ll also see recent bills from our two primary service providers– the Incline Village General Improvement District (IVGID) and Waste Management.
| Link to PDF | PDF preview image |
|---|---|
| 2019-2023 Incline Pines budget |  |
| 2019-2023 pie charts |  |
| 2019-2023 trending year over year |  |
| 2019-2023 dues allocation |  |
| 2019-2023 dues allocation year over year |  |
| 2019-2023 income |  |
| Budget next steps |  |
| Waste Management typical bill |  |
| IVGID water-sewer typical bill |  |
Could you please break out annual insurance expense from office and administration? Thanks
The Incline Pines insurance rate for this year is approximately 52,000. We are with Farmers. We received one other bid for more than twice as much from State Farm, and our previous company did not want to bid at all.
Please let us know if you have other questions or even suggestions.
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