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 Supik 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.