OPA Board Adopts FY 2017-2018 Budget

The Ocean Pines Board of Directors approved the Proposed Budget for Fiscal Year 2017-2018, which was modified following presentation to the Membership at the Public Hearing on February 20, 2017.

Directors Herrick, Stevens, Hill, Jacobs and SupikĀ­ voted in favor, Director Trendic and Parks voted against. The FY 2017-2018 Budget reflects Total Revenues of $11,847,214 and Operating Expenses and Transfers of the same amount, a Basic Annual Assessment of $921, and Capital Expenditures of $1,832,300.

The Basic Annual Assessment has a zero increase from last year. The Fiscal Year runs from May 1, 2017 through April 30, 2018.

Comments are closed.