Questions, Concerns & General Info:
+1 410 641 7717
[email protected]
Click here for new exclusive OPA merch
Calendars
Drop Down Navigation
News
Latest News
PinesCast
Videos
Weekly Emails
Quarterly Newsletters
Ocean Pines Academy
BJS Membership
Amenities
Recreation & Parks
Activity Guide
Community Center
Aquatics
Golf
Racquet Sports
Racquet Sports lessons
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 - Disbanded
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
Latest News
PinesCast
Videos
Weekly Emails
Quarterly Newsletters
Ocean Pines Academy
BJS Membership
Amenities
Recreation & Parks
Activity Guide
Community Center
Aquatics
Golf
Racquet Sports
Racquet Sports lessons
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 - Disbanded
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
Questions:
[email protected]
Calendars
Search
Announcement
DummyValue
Back
Board approves FY23/24 budget, sets $13 assessment decrease
Tuesday, February 21, 2023
(Feb. 22, 2023) The Ocean Pines Board on Saturday approved the fiscal year 2023/2024 budget, setting the basic annual assessment at $883, a $13 decrease from the prior year and the second straight year with a reduced annual fee.
This comes after several months of public review by the Board of Directors and Budget and Finance Committee, and a public town hall on Feb. 1.
General Manager John Viola said headwinds affecting the budget included the higher cost of running public safety operations such as the Fire, EMS, and Police departments, as well as inflation, statutory minimum wage increases, mark-to-market adjustments, labor pool adjustments, and higher insurance premiums.
He said the major tailwind that helped to lower the assessment was the improved performance by Ocean Pines amenities and departments.
"Since I've been here, our favorability has come from organic growth," Viola said. "Each year, we've taken the budget and we've budgeted higher for each amenity. So, when you have favorability this year, it's also on a higher base with the revenue than the prior years. That's a big one.
Association Treasurer Monica Rakowski introduced the formal motion to approve the budget, setting total operating revenues of $14.4 million, operating expenses of $14.4 million, bulkhead, drainage, and replacement expenses of $1.1 million, and capital expenditures of $1 million.
The motion also set assessment rates as follows:
Non-water: $883
Non-water estate: $1,325
Water: $1,498
Water estate: $2,247
Water non-bulkhead: $973
Water non-bulkhead estate: $1,460
To view the approved budget, visit
/documents/20124/126049/Final%20Budget%20Document%20for%20BoD%20Motion%202-18%20Meeting.pdf/4a639cbd-723e-5294-e11f-2c2c5ce2a192
.