Strengthening Bonds and Fostering Growth: A Year in Review for Falcon Ranch
This year, your Falcon Ranch HOA achieved significant milestones in both community development and financial management, guided by the core tenets of transparency, financial responsibility, and community engagement. Let's take a look back at how your HOA was hard at work throughout 2023 to strengthen bonds and foster growth for Falcon Ranch.
Financial Innovations
Under the new rising interest rate environment, the board proactively sought opportunities to optimize the HOA's idle funds, adhering to Spectrum Management company's criteria. Our strategic initiatives included:
- Investing $200K in a 6-month CD at a 5.4% interest rate, expecting to earn almost $11K annually.
- Transferring funds to a Money Market Account for better earnings while maintaining full access for HOA needs.
- Planning for future excess funds from 2024 dues, considering laddering strategies in 3-month CDs to maximize returns without compromising liquidity.
Community Enhancements
We've also made substantial improvements to our neighborhood's infrastructure and aesthetics, ensuring a safer, more enjoyable environment for all residents.
- Partnered with Fort Bend Roads and Bridges to repair street signs and crumbled curbs.
- Collaborated with CP Energy for street light replacements and LED conversion planning.
- Conducted extensive tree trimming and metal fence repairs in common areas.
- Power-washed HOA brick fences and made landscape enhancements at Westheimer-Falcon Hill Entrance and the Club House.
- Initiated plans with Commissioner Morales’s staff for sidewalk installation on Falcon Landing.
- Redesigned the Westheimer Main Entrance Flower Bed and improved the Main Entrance Pond area.
- Developed an ACC Charter and streamlined the ACC process for easier community member participation.
Community Engagement
Our commitment to fostering a vibrant community was evident through various social events that brought neighbors together, celebrating and strengthening our community bonds.
Hosted seasonal events
- Spring Easter Egg Hunt
- 2023 Pool Opening and Closing Events
- Breakfast with Santa, and a Holiday Decorating Contest
In 2023, Falcon Ranch HOA not only enhanced our financial standing through prudent investments but also fostered community pride with infrastructural improvements and engaging social events. We thank all members for their support and look forward to a prosperous and collaborative 2024.
