annual budget

13Jun

Transparency Series: Spotlight on Financial Planning • What Is a Reserve Fund and Why It Matters

June 13, 2025All, Facilities & Maintenance, Finance, Staff and Board Updates

As part of our ongoing efforts to maintain the long-term health of our community, the LPOA Board would like to highlight an important topic that affects all of us: Reserve Funding. What Is a Reserve Fund? A reserve fund is a dedicated savings account used to cover future repairs, replacements,…

28Dec

Overview: 2024 LPOA Budget, Presented by the Finance Committee

December 28, 2023All, Finance

Each year in November, the Board of Directors votes on the Budget and Dues structure for the following year. Please find attached, the annual Budget Report submitted by the Finance Committee Chair, as presented in the December Ripples. This budget was voted on and approved November 9, 2024. CLICK HERE

Each year, the Finance Committee and Facilities Development Committee work together with staff during a 6 month annually recurring budgeting process. Together they provide complete recommendations to the Board, who holds a vote in the November meeting on whether to move forward with the recommendations as presented. The approved Annual…

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annual budget

Transparency Series: Spotlight on Financial Planning • What Is a Reserve Fund and Why It Matters

Overview: 2024 LPOA Budget, Presented by the Finance Committee

Understanding Our Dues Strategy

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