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Bayshore Gardens trustees approve $150 annual assessment increase, formalize reserve accounting
Summary
The Bayshore Gardens Park & Recreation District board voted May 27 to raise the 2026–27 homeowner assessment by $150 (to $577 annually) to address a projected operating shortfall and to formalize reserve accounting after auditors advised changes.
The Bayshore Gardens Park & Recreation District Board of Trustees voted May 27 to raise the annual homeowner assessment by $150 for 2026–27, moving the per-home charge to $577 a year. Trustees said the action responds to a structural shortfall between anticipated operating costs and assessment revenue.
Treasurer T. Zimmerly told the board the district’s projected operating costs total $730,300 while assessment revenue is $538,422, creating a multi-hundred-thousand-dollar gap. Zimmerly said the district closed a separate Reserve Account and transferred those funds into the Savings Account; after consulting auditors the board was advised to stop the previous pattern of internal transfers and to record reserve amounts as an allocation within savings rather than a standalone account. Zimmerly said the board’s resolution would leave a Reserve amount of $150,000 and that, if the listed expenditures are made as planned, the district projection would show roughly $811.26 remaining.
"Since the Reserve Account was closed and funds transferred to the Savings Account, it now shows how much is allocated to the reserves," Zimmerly said during his report, and he told trustees the auditors advised changing past transfer practices.
Trustees debated the size of any assessment increase. Trustee K. Weatherly summarized the arithmetic the board is facing, saying the assessment alone does not cover operating expenses and that relying on rental income and depleted reserves following storm damage creates risk. The transcript records Weatherly saying the district is "approximately $200,000 short" and that the shortfall equates to "about $150 short per home" to balance operations. Despite expressing a desire to limit increases for residents, Weatherly moved to raise the assessment $150; Trustee B. Susdorf seconded the motion and it passed unanimously.
The motion to resend Resolution 2026-04 — a procedural step tied to the reserve-account treatment discussed in the treasurer’s report — was moved by T. Zimmerly, seconded by K. Weatherly and approved unanimously earlier in the meeting.
The board’s minutes note the meeting adjourned at 8:22 p.m. These minutes have not yet been officially approved; approval will occur at the board’s next publicly noticed meeting.
