Important Financial Update regarding the Reserve Account
Dear Snowline Neighbors,
As we look over the 2027 budget at this year's Annual Meeting, we all want the same thing: to keep Snowline Community Club a wonderful place to live while keeping our annual dues reasonable and predictable.
Our Board recently shared the “RCW 64.38 Budget Summary 2027” stating that our reserve funds (our community savings account for big repairs like roads and facilities) are "more than adequate" for the next 30 years. However, when you look closely at the independent March 2026 Professional Reserve Study and compare it to the 2027 Budget for AGM, the numbers don't align.
By changing project timelines, absorbing cost increases, and underfunding our annual savings goal, the budget creates a hidden $133,158 financial gap for our community. This quietly drives our true deficit from the reported -$859 to -$1,322.97 per Lot.
Here is what is happening beneath the surface, explained simply:
1. The "Healthy"…
Lots of detailed yet confusing info the analysis. To me, a reserve study informs members of future financial obligation so that we, collective as a community and individually as members can anticipate and plan for these eventualities. Members have difference preferences about how to fund these future obligations. Don't forget, if and when you sell, you don't get a share of the reserve fund back. Not fully funding future maintenance requirement 30 years into the future isn't a "deficit" or a "financial gap". I don't want to fully fund future obligations because I rather have the money in my bank account than and not in in Snowline's bank account (no disrespect to the board).
Opinions may differ. For me, I don't want to fully fund future obligations. We have a decent reserve that will be partially used in 2027 and when more funding is needed, do a special assessment. If you prefer to fully fund the future obligations, look at the reserve study and set aside your share of the expense in your own bank account and hand the money over when assessed.