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Chimney Hill board adopts 2025–26 budget, allocates $42,000 for truck and full-time maintenance position

Chimney Hill Owners Association, Inc. Board of Directors · February 15, 2025
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Summary

The Chimney Hill Owners Association Board approved the 2025–26 budget Feb. 15, 2025, unanimously agreeing to use $42,000 of contingency funds—$12,000 for a replacement truck and $30,000 to upgrade a part‑time maintenance role to full time.

The Chimney Hill Owners Association Board of Directors approved the 2025–26 budget at its Feb. 15, 2025 meeting, unanimously adopting updates to assessments and income projections and reallocating contingency funds for operations.

Kevin Comeau, presenting the Budget/Tax/Insurance report, summarized that income-to-date is above projections while expenses remain below budget, with salaries the largest remaining expense. The board agreed to allocate $42,000 from the contingency fund—$12,000 for a new truck and $30,000 to convert a part‑time maintenance employee to full time—and Vice President/Treasurer Kate Trinklein moved to approve the revised budget; Tom Sewall seconded and the motion passed unanimously.

The board discussed adjusting plowing fee structure options (including a tiered system by driveway length or a set number of plows with additional charges) but approved the budget as required by the bylaws to meet timing constraints. Action items call for staff to implement the contingency transfers and return any further proposed fee-structure changes to a future meeting.

The budget approval follows a detailed financial report showing year-to-date income and bank balances; the board recorded the vote as unanimous with no abstentions. The next regular board meeting is scheduled for March 15, 2025, at 9:30 a.m.