LCPOA 2007-2008 BUDGET

Your LCPOA Board of Director’s has approved the 2007-2008 annual budget.  This was a joint effort of all Board members and appropriate staff.  The new budget totals $216,748.00  and will go into effect on May 1, 2007.  Each line item was looked at to find ways to reduce expenses in order to spend our income in the most effective and efficient way possible.  The new dues will be:  $80.00 for an off-shore lot and $55.00 for an on-shore lot.  Last year we purchased a new chipper for $26,000 which we will be using to clean out the “green” areas, beach clubs and the Lodge area of downed lumber and brush.  For a number of years we have treaded water and not purchased new equipment but rather have been trying to keep the older equipment running as best we could.  However, we can no longer continue to do that.  Thus, this year we have budgeted money to purchase a new mower and a new tractor.  In addition, we will be installing three new piers: one at the Lodge, and two at the two boat landings we maintain.  A number of members have requested piers at the boat landings to facilitate launching of their boats and we are pleased that we can now accommodate those requests.

                                                                                                                           Jerry Lipski, Treasurer