Hidden Lake Association Budget

The Hidden Lake Association fiscal year runs from May 1st through April 30th and the the HLA Budget is reviewed and approved at the August Annual Budget Meeting.  

The August 2022 Budget Meeting is scheduled for Saturday August 27th, 2022 at 9AM and we will be reviewing and approving the FY2024 HLA Budget. All HLA members are encouraged to attend.  Below is a PDF that summarizes the HLA Board of Director's Budget Proposal for FY24.

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hla_-_fy24_budget_proposal.pdf
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To the left is a copy of the approved budget for the current fiscal year (FY23) which runs from May 1, 2022 through April 30, 2023.  In addition to approving this budget, the membership established the following at the August 2021 Budget Meeting:
  • Annual 2% increase to the Rainy Day Fund cap of $15,000 to account for interest income and inflation (beginning in FY22).
  • The formation of a Capital Expense Fund/Account.  The purpose fo this fund will be to ensure we have funds in place to complete major projects that rebuild or replace large HLA assets or infrastructure like the Pool House, Pool, Pump House, or Rossi Hall when those projects become necessary.  The fund will be initially seeded by $5,000 of the remaining income from FY21.  The board intends to further fund this account with the proceeds of property transfer fees and interest income from late payments and will budget other funds as available.
The Hidden Lake Association's clubhouse, Rossi Hall, and the waterfront area are great places to get together with your friends and neighbors. With a pancake breakfast, wine & cheese parties, and monthly bonfires, summer in the HLA is social!