The following is an overview of the Financial Budget for the year ending June 30, 2019:
- Current monthly assessment is $160 per household
- Annual Homeowner Total Annual Assessment Dollars is $6 million
- Our Annual Operating Budget is $13.5 million
- Annual Revenue Equals 44% Homeowner Assessments (Net of Reserve Contributions) and 56% Generated From Our Two Golf Courses, the Timber Restaurant, the Timber Creek Catering services and Other Administrative Revenue
- The Balance of the Capital Improvement Savings Acct is Approx $333,000
- Total Assets of the Community equal $42.6 million
- The Operating Fund Balance Equals $1.3 million
- The Year-end Total Reserve Fund Balance is $8.6 million
- Total Percentage that Reserves are Funded Equals approximately 100%
- The Community has NO Debt
For a More Detailed Look at the Community's Financial Strength,
click here to View the Most Current Audited Statement.