The Ocean Pines Board of Directors approved the Proposed Budget for Fiscal Year 2016-2017, which was modified following presentation to the Membership at the Public Hearing on January 30, 2016. Directors Jacobs, Cordwell, Terry, and Renaud voted in favor, Director Stevens voted against and Directors Herrick and Collins abstained. The FY 2016-2017 Budget reflects Total Revenues of $11,179,372 and Operating Expenses and Transfers of the same amount, a Basic Annual Assessment of $921, and Capital Expenditures of $3,490,800. The Basic Annual Assessment has a zero increase from last year. The Fiscal Year runs from May 1, 2016 through April 30, 2017.