Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the 2026 Budget Finance 101 topic
No spam. Unsubscribe anytime.
Board staff preparing 'Finance 101' and 2026 budget work; directors discuss CPI and insurance impacts
Summary
RCSC staff said a Finance 101 guide is near final and the 2026 budget process is underway; directors discussed using CPI as an annual benchmark and noted insurance increases as a separate pressure.
Director of finance Kevin McCurdy and board members updated the membership on materials to help residents understand RCSC financial statements and on developing the 2026 budget.
The guidance could affect membership expectations about future assessment adjustments and the board’s approach to revenue and expense planning. Director McCurdy’s office provided a draft Finance 101 document and the board is deciding how best to share it — via town halls, a video or both — so members can better interpret financial statements.
Board members discussed how future annual increases might be measured. Director Brissett said she checked U.S. Bureau of Labor Statistics figures and noted that December 2023–December 2024 CPI was about 2.9 percent and January 2024–January 2025 about 3 percent, but she added that insurance costs have risen much faster and should be considered in budgeting. “When you look at ... our insurance went up 20%,” Brissett said.
President Tom Foster and others said last year’s larger increases were intended in part to catch up on deferred expenses and that the board’s target is to manage future increases roughly near CPI if possible, though he warned that macroeconomic shifts can affect that outcome. The finance, budget and audit committee will continue work and the board plans town halls and committee meetings to gather membership input before final budget decisions are made.
Clarifying details: a Finance 101 presentation is near final; deadlines for the 2026 budget were not finalized; golf pricing is a key revenue component under consideration.
