Garden Walk

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2026 Proforma
Budget
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2026 Annual
Disclosures

Garden Walk HOA

November 18, 2025

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Meeting ID: 886 9589 7873 • Passcode: 938677 • Call-In: (669) 900-6833
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Agenda

  1. HOA Communication – Portal Changes
  2. Annual Disclosures
  3. Ownership Information Demand
  4. Pet Registry
  5. Speed Control
  6. Annual Meeting – CALL FOR CANDIDATES!
  7. Next Board Meeting
  8. Adjournment

Garden Walk HOA – 2026 Proforma Operations Budget

Current Annual Dues Income (2025): $194,208
Required 2026 Total Income (Ops + Reserves): $247,443
Maximum Legal Assessment Increase: +20.0%
Projected 2026 Dues Income at 20%: $233,050
Approx. Monthly Increase per Unit: $57.80
New Approx. Monthly Dues per Unit: $346.80
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Board Members, this 2026 Proforma Operating Budget outlines our projected operating needs and required reserve contributions. Only dues income is considered; no late fees or variable income is assumed.

Legally, the Board may increase regular assessments by up to 20%. Applying the full 20% still leaves a modest shortfall compared to the fully funded operations + reserve target. This gap is a result of several years where assessments were not adjusted to match inflation and rising operating costs.

This is presented as a recommendation only; the Board may adopt, modify, or phase in these adjustments.

Dues Requirement Summary

DescriptionAmount
2025 Annual Dues Income (Current)$194,208
Total 2026 Operating Expenses$170,396
2026 Reserve Contribution$77,047
Total Required Income for 2026$247,443
Maximum Income at 20% Increase$233,050
Remaining Shortfall~$14,400
Proposed Assessment Increase20% (Legal Maximum)
Monthly Increase Per Unit (56 Units)$57.80
New Approximate Monthly Dues Per Unit$346.80

Administration

CategoryAmountNotes
Management Fee$19,800No Increase
Audit & Tax Prep$1,900Stable
Legal$1,250Actual-Based
Bank Charges$550Actual-Based
Printing & Postage$1,000Stable
Election Services$800Required
HOA Communication Portal$14,400Upgraded ($1,200/mo)
Income Tax$200Stable
Misc Admin$4,000Prior-Year Actual
Security Monitoring / Access / AI$2,000New Service

Landscape (Jensen)

CategoryAmountNotes
Landscape Contract – Jensen$22,296Contractual
Irrigation Repairs$700Stable
Landscape Other$5,000Actual-Based
Pest Control$4,000Actual-Based

Utilities

CategoryAmountNotes
Electricity$6,000Stable
Water & Sewer$26,000Actual-Based
AT&T Fire Lines$2,000Stable
Telephone / Internet$2,400Stable

Grounds & Repairs

CategoryAmountNotes
Building Maintenance$2,000Actual-Based
Window Cleaning$12,000Annual
Gutter Repairs$7,000Seasonal
Fire Extinguisher$800Actual-Based
Fire Inspection$5,000Actual-Based
Fire System Inspection$7,000Actual-Based
Fire Prevention$3,000Actual-Based
Lighting$2,500Stable
Security Cameras$4,000Actual-Based
General Repairs$8,000Actual-Based
Janitorial$4,800Added Service

2026 Operating Expense Distribution