LEADERSHIP
and the cost of a Special will also increase to $105,000. The Special Legacy price will remain at $25,000. The board evaluated and concurred with several recommendations made by the Finance Committee to reduce contingencies and expenditures in both the Capital Fund and the Reserve Fund. The budgeted ending balance in the Capital Fund at 12-31-2024 will be $2,722,198 and the budgeted ending balance in the Reserve Fund at 12-31-2024 will be $7,076,303 which includes $464,337 in the Infrastructure Fund. There was discussion of the recommended $100 increase in the dues reserve allocation and the continuation of the philosophy that the allocation offset annual depreciation expense to ensure the balance in the Reserve Fund continues to increase each year as NOCC fees are retained in the Capital Fund for aspirational new capital items. As provided in the Declaration of Covenants, Conditions and Restrictions for Forest Highlands, Section 6.3; the Regular Assessment required to cover the Common Expenses for maintaining and operating the community, as well as providing adequate reserves for the replacement of physical assets is established at $1,410 per member per month and is effective as of January 1, 2024. Please see pages 4-5 for information on how to participate in the annual Prepaid Dues Program and watch for an email coming out next week. The 2024 Operating Budget and the 2024 Capital & Reserve budgets are available for member review on the main landing page of the Member website. On behalf of the Board, we extend special thanks to Michelle Arena and Marian Paoletti for their service on the board and as committee chairs. Their dedication and care for their fellow members and our community were evident and we appreciate their commitment to the betterment of our Club. The golf courses may be closed but there is still plenty to enjoy at the Club. Please take time to peruse this issue of the Voice for dining, recreation and wellness activities throughout the upcoming Winter. We received a first dusting of snow last week with more expected prior to the holiday so be sure to make plans for our winter holiday activities including the Dickens Dinner and New Year’s Eve festivities. On behalf of the entire Board and Leadership Team, we wish you and your families a very happy holiday season. Dirck Iacobelli Respectfully, Dirck Iacobelli, President on behalf of the Forest Highlands Board of Directors
DID YOU KNOW If you click on the names in the header, it will take you directly to the webpage?
WHAT MEMBERS ARE SAYING...
It's more than a Golf Club....it has become a destination resort and is the best in the state and probably others...
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