Annual budget increases & capital improvements | <– Date –> <– Thread –> |
From: Peter Orbeton (peter.orbetongmail.com) | |
Date: Fri, 17 Feb 2012 13:47:03 -0800 (PST) |
Nubanusit Neighborhood & Farm is a relatively young cohousing community, and is looking to tweak the budget process. We've heard first-hand from residents of other coho communities who have passed through about less meeting-intensive processes than we have now, pre-determined annual budget increases (tied to the CPI), and capital improvement funding not necessarily earmarked to a project. The number of meetings (and time) spent with our current process is probably, we've learned, directly related to our newness. And because we still have development projects, we've experienced annual budget increases that are not sustainable. As the Treasurer, I've volunteered to gather information on other communities, and have plumbed the C-L archives. While suggestions on how to achieve a short and painless budget process are certainly welcome, I'd like to hear how annual budget increases are determined so we can model ours for more predictability. Do you base it on the Consumer Price Index, establish a fixed dollar figure ceiling annually, or by some other means? We have operating reserves and a reserve fund (replacement/replenishment), and would like to also establish a capital improvement (CI) 'account.' Our budgets to date have been line-item specific, and up until 2012, were for the most part not funding multi-year projects. We've heard of other communities with CI accounts that are tapped when a team/committee brings a proposal forward, and are funded annually based on a pre-determined amount. So, my questions on this topic are do you have a CI account, how is that account funded, what is the process for withdrawing from it. I'll take responses directly if you would prefer. Based on the responses, I may post a summary as well. Thanks in advance. Regards, Peter Orbeton Treasurer, Nubanusit Neighborhood & Farm http://www.peterboroughcohousing.org
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Annual budget increases & capital improvements Peter Orbeton, February 17 2012
- Re: Annual budget increases & capital improvements R Philip Dowds, February 18 2012
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Re: Annual budget increases & capital improvements Holly McNutt, February 18 2012
- Re: Annual budget increases & capital improvements Peter Orbeton, February 21 2012
- Re: Annual budget increases & capital improvements Sharon Villines, February 19 2012
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