Finance Advisory Committee Update – 8/24/2021

July financial reports have been posted to the BVSA website and can be found here.

This was our first month of the 21-22 fiscal year and we are happy to report that the BVSA did meet the budget for the month. Due to the continuing drought conditions, watering at the parks, golf course, and lakes continues to challenge our budget. However, these challenges have been off set by the better than budget Food & Beverage revenue.  The BVSA staff, Board of Directors, and the Finance Advisory Committee is exploring creative ideas to offset the water costs and are hoping for rain this fall/winter.

HOA assessment collections are currently on track at over80% of properties collected, which is higher than our historical averages at this point.  The next Finance Advisory Committee meeting is scheduled for Wednesday, September 15th at 2pm at the BVSA office.