Questions, Concerns & General Info:
+1 410 641 7717
[email protected]
Join Our Email List
Download the Spring/Summer Activity Guide
Calendars
Drop Down Navigation
News
Ocean Pines Academy
Latest News
Videos
Weekly Emails
Quarterly Newsletters
Amenities
Recreation & Parks
Activity Guide
Community Center
Aquatics
Golf
Racquet Sports
Yacht Club
Beach Club
Weddings & Catering
Marinas & Water Sports
Venues at Ocean Pines
Weddings
Banquets
Book an Event
Farmers & Artisans Market
Artisan Gift Shop
Departments
Board Of Directors
General Manager
Committees
Aquatics
Architectural Review
Budget & Finance
By-Laws & Resolutions
Clubs - Currently suspended
Communications
Elections
Environment & Natural Assets
Golf
Marine Activities
Racquet Sports
Recreation & Parks
Search
Strategic Planning
Finance
Amenity Memberships
Assessments
Information Technology
Human Resources
Public Works
Compliance, Permit and Inspections (CPI)
Public Relations & Marketing
Police Department
Fire Department
Recreation and Parks
Aquatics
Golf
About Ocean Pines
Live Here
Social and Service Clubs
Work Here
Requests for Proposals (RFPs)
Community Map
The Sections of Ocean Pines
FAQs
Menu
News
Ocean Pines Academy
Latest News
Videos
Weekly Emails
Quarterly Newsletters
Amenities
Recreation & Parks
Activity Guide
Community Center
Aquatics
Golf
Racquet Sports
Yacht Club
Beach Club
Weddings & Catering
Marinas & Water Sports
Venues at Ocean Pines
Weddings
Banquets
Book an Event
Farmers & Artisans Market
Artisan Gift Shop
Departments
Board Of Directors
General Manager
Committees
Aquatics
Architectural Review
Budget & Finance
By-Laws & Resolutions
Clubs - Currently suspended
Communications
Elections
Environment & Natural Assets
Golf
Marine Activities
Racquet Sports
Recreation & Parks
Search
Strategic Planning
Finance
Amenity Memberships
Assessments
Information Technology
Human Resources
Public Works
Compliance, Permit and Inspections (CPI)
Public Relations & Marketing
Police Department
Fire Department
Recreation and Parks
Aquatics
Golf
About Ocean Pines
Live Here
Social and Service Clubs
Work Here
Requests for Proposals (RFPs)
Community Map
The Sections of Ocean Pines
FAQs
Member Login
Join Our Email List
Questions:
[email protected]
Calendars
Search
Announcement
DummyValue
Back
'Favorable operating budget' - A msg from the Dir. of Finance and Operational Logistics
Sunday, January 3, 2021
OPA once again produced a favorable operating budget variance for the month of November, bringing the year-to-date positive operating variance to approximately $1.35 million. The year-to-date results continue to be driven by the $1.15 million in Payroll Protection Program funding, combined with labor savings in various departments and amenity operations due to reduced capacity levels resulting from COVID protocols. If we examine total amenity and Recreation and Parks revenues to date without consideration of the PPP income, net revenues fall short of budget by nearly $900,000.
There continues to be a high degree of uncertainty associated with revenues over the remaining months of the fiscal year due to COVID. Finance will continue to stay current with any new potential COVID-related funding opportunities, and account for the negative impact the pandemic-related closures/limitations will have on the operating budget, capital expenditures and cash flows for both fiscal year 2021 and 2022.
For the second straight year, the General Manager’s proposed budget was released to the public just prior to Christmas. This will give the Budget and Finance Com- mittee and the Board of Directors additional time to closely examine the details prior to the January budget review meetings. The Budget and Finance meetings are scheduled this year for Jan. 6-8.