Forms & Documents - Budget Documents

Document Name Description
Ocean Pines Golf Business Plan FY 2016-2017

The Ocean Pines Golf and Country Club is managed by Landscapes Unlimited, Inc. as of May 1, 2015.

BFAC Budget Guidance to Board Jan 2016

Budget guidance provided to the Board by the BFAC on the 2016/2017 Budget.

Board’s Budget Guidance 2016-2017

Approved 2016-17 Board Budget Guidance 11 19 15 v 4 (3)

During the Ocean Pines Association’s Board meeting on Thursday November 19th the work was completed on the budget guidance document for the fiscal year 2016/2017. The creation of this document included extensive discussions by the Budget and Finance Advisory Committee and the Board of Directors. This document is provided to the General Manager as a means of providing the Board’s initial interests, directions, and policy positions it wishes the GM to use in developing the proposed budget. This document is not meant to cover every item of a proposed budget but does provide a policy framework around which the budget can be crafted.

The document includes a reaffirmation of the OPA vision statement to assure the budget will support our premier resort community, offering exceptional value and quality of life to property owners who are diverse in age, economic status and interests, and to provide residents the facilities, services and amenities that are attractive, affordable, safe and enjoyable.
The document states that operating dollars should emphasize having the availability of the required skill sets appropriate to an enterprise of our current size and to the delivery of quality services, while effectively reducing unnecessary expenditures. Process improvements and increased staff productivity should be based on the inclusion of expanded investment in and use of updated technology.

The capital dollars included in the plan should continue the long standing capital funding approach utilized by the OPA to build and use reserves inclusive of depreciation expense. The FY 2016/17 budget should continue with the capital funding provided to support the major capital repairs, enhancements, or replacement of existing major assets, as well as provide for the repair and/or replacement of smaller general assets. As part of the capital budget, the funding of Road Resurfacing costs should continue to utilize the Casino Funds, which have been restricted by the legislation for “infrastructure” purposes, and by the Board for Road Resurfacing expenditures.

In total, the GM should continue the use of a $0 based budget approach and, if possible, dues should remain at the same level as FY 2015 or be lowered based on a thorough assessment of the needs of the organization.

While the actual budget under development for Board approval is focused on the single FY 2016/17, the budget must address and be built on the concept of a multi-year foresight.

Tom Terry
Treasurer OPA