Presentation on theme: "Accomplishments for 2014 42 Properties transferred ownership (29 Homes/Condos, 13 Lots) – Each one of these adds $1000 - $2000 to the CIF Logo, new signs,"— Presentation transcript:
Accomplishments for Properties transferred ownership (29 Homes/Condos, 13 Lots) – Each one of these adds $ $2000 to the CIF Logo, new signs, marketing brochure, and new web site have been released and are all being very well received New pool was completed and opened for the summer season Food service was handled efficiently after key personnel turnovers Maintenance and Infrastructure were handled with excellence following key personnel turnover Multiple wedding expos have been attended and typically result in one booking per expo New wedding website and marketing initiative are in place Purchased new snow cat with tiller for Campton Mt. through CIF funds Land abutting common property at Rec Center is under agreement through CIF funds New Bose sound system for Rec Center purchased through CIF funds
Accomplishments for 2014 (District) Considerable amount of paving was completed Serious improvements / upgrades to water system Expanded and upgraded water treatment system to the water treatment facility at the ski bowl New mower / snow blower purchased Town continues to pave Winterbrook Road New filtration, pumps, controls, and heat exchanges on indoor spa and lap pool
Where the funding comes from Taxes Infrastructure Water system Roads Maintenance CIF Improvements to our community Dues Services
Current Fees At White Mountain Athletic Club (WV) One time fee of $5500 Upon transfer of property a $750 transfer fee First Family Member $675 Couple Pass $825 Family (3+) $1050 (immediate family living with you as dependents, not your grown children with their own families) Quite frankly, our facilities surpass WMAC!
Current Situation WEA has been managed in a fiscally responsible manner. We are trying to transform our community and develop an outstanding image – It is working! The last dues increase was seven years ago! Cost of living (based on Social Security) has gone up over 15% over that period WEA has provided exemplary services We have taken major steps to increase our revenue through improvements to the wedding business and other business opportunities Due to the low cost of our fees, in relation to the services provided, we need to ask for an increase of the dues
What will be asked of the members We are going to be asking for an increase to bring the dues to $550 a year This is still FAR below what it would cost at a similar facility outside of WE We will increase the cost of lift tickets at Campton mountain by $3 ($13 for owners and $15 for those outside of WE – still a major bargain) This will allow us to maintain our level of services This is a realistic increase based on the cost of living increase from seven years ago
What are the consequences if members choose not to move forward with the dues increase Cuts in services Entertainment Events Fireworks Etc. We will continue to manage the community in a fiscally responsible manner but we will need to have services coincide with the allocated budget.