Williamsburg Settlement HOA Finalizes 2026 Budget with First Assessment Increase Since 2020
By Dave Ellis, Williamsburg Settlement HOA
At its September 16, 2025 meeting your Board of Directors finalized the 2026 Williamsburg Settlement Maintenance Association budget. After a thorough assessment of Association finances, the decision was made to increase the 2026 assessment to $825.00 per home. This increase, the first since 2020, is necessary to cover the significant increase in our operating costs, the single largest contributors being the renewal of our trash contract at the expiration of the current 5-year fixed price contract in June, and the escalating insurance premiums.
The budget shows that our predicted expenses will exceed revenue by $16,180. This shortfall can be accommodated by a reduction in our operating reserve.
This pie chart illustrates the relative significance of each cost category and the table below it lists 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 www.wsmaonline.org where you can review it at any time.
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2026 APPROVED BUDGET
|
INCOME |
|
|
Maintenance Fee Income |
630,073 |
|
Delinquency |
(6,296) |
|
Interest on Fees |
1,200 |
|
Bank Interest |
11,729 |
|
Reimbursed Attorney Fees |
2,000 |
|
Club Income |
5,900 |
|
Miscellaneous |
1,822 |
|
TOTAL REVENUE |
646,428 |
|
|
|
|
EXPENSES |
|
|
MAINTENANCE |
|
|
Sprinkler System Repair |
2,500 |
|
Landscape Contract |
34,320 |
|
Landscape Extras |
11,355 |
|
Forced Mows |
350 |
|
Pest Control |
2,739 |
|
Cleaning Services and Supplies |
1,190 |
|
Tennis Court Maintenance |
3,870 |
|
Basketball Court Maintenance |
60 |
|
Playground Maintenance |
3,000 |
|
Clubhouse Repairs |
3,600 |
|
Fence Repairs |
3,000 |
|
Flag Maintenance |
500 |
|
TOTAL MAINTENANCE |
66,484 |
|
|
|
|
POOL |
|
|
Pool Contract |
54,207 |
|
Pool Maintenance & Repairs |
5,400 |
|
Pool Tags |
1,600 |
|
TOTAL POOL |
61,207 |
|
|
|
|
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 |
31,500 |
|
TOTAL PROFESSIONAL SERVICES |
49,800 |
|
|
|
|
UTILITIES |
|
|
Power - Street Lights |
36,672 |
|
Power - Recreation Center |
11,149 |
|
Power - Entry |
1,147 |
|
Telephone |
1,200 |
|
Water/Sewer Clubhouse |
4,930 |
|
Water – Entrances & Cul-de-sacs |
3,630 |
|
TOTAL UTILITIES |
58,728 |
|
|
|
|
TRASH |
|
|
Trash and Recycling |
241,956 |
|
TOTAL TRASH |
241,956 |
|
|
|
|
SECURITY |
|
|
License Plate Readers at Entrances |
25,000 |
|
TOTAL SECURITY |
25,000 |
|
|
|
|
INSURANCE |
|
|
Insurance |
34,050 |
|
TOTAL INSURANCE |
34,050 |
|
|
|
|
OTHER EXPENSES |
|
|
Record Storage Fee |
720 |
|
Office Supplies |
350 |
|
Copies |
3,600 |
|
Postage |
5,000 |
|
Distribution |
350 |
|
Deed Restriction Expenses |
2,200 |
|
Community Events |
3,000 |
|
Welcoming Committee Expenses |
200 |
|
Christmas Decorations |
3,000 |
|
Memberships & Web Site |
424 |
|
Miscellaneous/Contingency |
1,912 |
|
TOTAL OTHER EXPENSES |
20,756 |
|
|
|
|
CAPITAL IMPROVEMENTS |
|
|
Including Operating Reserve |
0 |
|
TOTAL CAPITAL IMPROVEMENTS |
0 |
|
|
|
|
TAXES |
|
|
Property Tax |
11 |
|
TOTAL TAXES |
11 |
|
|
|
|
TOTAL OPERATING EXPENSES |
557,992 |
|
|
|
|
RESERVE |
|
|
Capital Reserve Budget Allocation |
104,616 |
|
TOTAL EXPENSES PLUS RESERVE |
662,608 |
|
|
|
|
PROFIT / (LOSS) |
(16,180) |
Residents are encouraged to review the full 2026 budget breakdown, including historical data from the past four years, by visiting the Budget section of the Association website at www.wsmaonline.org. Understanding where each dollar goes helps all homeowners stay informed and engaged in the long-term financial health of the Williamsburg Settlement community.