Majestic Oaks Annual Budget

Every year, the Majestic Oaks board of directors generates a detailed budget for the upcoming year.  This is an intensive exercise that balances the need to keep costs (and dues) low, and to ensure we have the funds to operate.  This exercise starts with looking at the previous years expenses and adjusting for inflation.  They also factor in known expenses.  Once the Majestic Oaks board of directors have this baseline, the real fun begins.  They examine and explore all categories of expenses.  They also look for ways to cut costs without sacrificing the services our neighborhood needs.  In the end, the board has a working document that forms the basis for our financial decisions. 

The Majestic Oaks board of directors want to keep dues low-remember, they pay them too!  At the same time, the board has obligations that need to be met, and services to provide.  And unlike most organizations, they do not have the ability to borrow funds to finance operations or expenses.  When our wallet is empty...

What can I do?

That being said, this is an area primed for abuse. Get involved, ask questions, and keep honest people honest! Did an budget category triple this year? Ask why! Do you suspect a board member of using their position for personal gain? Ask for legitimate justification.

2007 Budget