Williamsburg Settlement Board Approves 2027 Maintenance Association Budget
Content provided by the Williamsburg Settlement Maintenance Association
At its September 15, 2026 meeting, your Board of Directors approved the 2027 Williamsburg Settlement Maintenance Association budget. After a detailed review of Association finances, the Board voted to increase the 2027 annual assessment to $900.00 per home. This decision was not made lightly. Even with this increase, the Association is still projecting a 2027 deficit of more than $27,000 which will be accommodated by a reduction in our operating reserve.
The primary driver of this year’s increase is the significant rise in operating costs—most notably the trash collection contract. That contract was renewed last August at the end of the previous five year fixed price term. Last year’s assessment increase covered only six months at the new higher rate. In 2027, the first six months will be billed at that rate, followed by an additional inflation adjusted increase beginning in August. The 2027 trash service cost increase accounts for more than $60 of the $75 total assessment increase, with the remaining $15 plus the deficit covering inflation-related increases across other operating categories.
This pie chart illustrates the relative significance of each cost category and the table belowlists the amount forecasted for each item in each of these income and cost categories. This data together with that for the previous four years is also shown in the Budget section of the Association website at wsmaonline.org where you can review it at any time.
2027 APPROVED BUDGET
2027 MAINTENANCE FEE RATE $900
|
INCOME |
|
|
Maintenance Fee Income |
687,302 |
|
Delinquency |
(6,869) |
|
Interest on Fees |
1,200 |
|
Bank Interest |
13,503 |
|
Reimbursed Attorney Fees |
2,000 |
|
Club Income |
3,855 |
|
Miscellaneous |
3,200 |
|
TOTAL REVENUE |
704,341 |
|
EXPENSES |
|
|
MAINTENANCE |
|
|
Sprinkler System Repair |
3,700 |
|
Landscape Contract |
35,280 |
|
Landscape Extras |
11,540 |
|
Entry Maintenance |
900 |
|
Forced Mows |
350 |
|
Pest Control |
3,763 |
|
Cleaning Services and Supplies |
1,420 |
|
Tennis Court Maintenance |
3,000 |
|
Playground Maintenance |
3,000 |
|
Basketball Court Maintenance |
60 |
|
Clubhouse Repairs |
3,600 |
|
Fence Repairs |
1,200 |
|
Flag Maintenance |
550 |
|
TOTAL MAINTENANCE |
68,363 |
|
POOL |
|
|
Pool Contract |
53,958 |
|
Pool Maintenance & Repairs |
6,500 |
|
Pool Tags |
1,600 |
|
TOTAL POOL |
62,058 |
|
PROFESSIONAL SERVICES |
|
|
Audit and tax Return |
2,300 |
|
Legal |
1,700 |
|
Legal - Deed Restriction Enforcement |
4,300 |
|
Legal - Maintenance Fee Collection |
10,000 |
|
Administrative Services |
31,800 |
|
TOTAL PROFESSIONAL SERVICES |
50,100 |
|
UTILITIES |
|
|
Power - Street Lights |
50,292 |
|
Power - Recreation Center |
11,626 |
|
Power - Entry |
1,111 |
|
Telephone |
1,344 |
|
Water/Sewer Clubhouse |
3,640 |
|
Water – Entrances & Cul-de-sacs |
5,930 |
|
TOTAL UTILITIES |
73,213 |
|
TRASH |
|
|
Trash and Recycling |
288,875 |
|
TOTAL TRASH |
288,875 |
|
SECURITY |
|
|
License Plate Readers at Entrances |
25,000 |
|
TOTAL SECURITY |
25,000 |
|
INSURANCE |
|
|
Insurance |
35,752 |
|
TOTAL INSURANCE |
35,752 |
|
OTHER EXPENSES |
|
|
Record Storage Fee |
720 |
|
Office Supplies |
441 |
|
Copies |
3,780 |
|
Postage |
5,000 |
|
Distribution |
350 |
|
Deed Restriction Expenses |
3,300 |
|
Community Events |
3,500 |
|
Welcoming Committee Expenses |
200 |
|
Christmas Decorations |
3,000 |
|
Memberships & Web Site |
425 |
|
Miscellaneous/Contingency |
1,405 |
|
TOTAL OTHER EXPENSES |
22,122 |
|
CAPITAL IMPROVEMENTS |
|
|
Including Operating Reserve |
0 |
|
TOTAL CAPITAL IMPROVEMENTS |
0 |
|
TAXES |
|
|
Property Tax |
11 |
|
TOTAL TAXES |
11 |
|
TOTAL OPERATING EXPENSES |
625,493 |
|
RESERVE |
|
|
Capital Reserve Budget Allocation |
106,260 |
|
TOTAL EXPENSES PLUS RESERVE |
731,753 |
|
PROFIT / (LOSS) |
(27,412) |
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