The Canyon Lake POA Board of Directors, Finance Committee, and staff work on the annual budget from October through March annually. Each year, the Board conducts a Budget Workshop to review and discuss the proposed budget for the upcoming fiscal year.
Approved Budget
The Board reviewed and adopted the final 2025 -2026 Annual Budget at their Regular Session Board Meeting on Tuesday, March 2, 2025. This budget will go into effect on May 1, 2025.
Annual Assessment
| Payment Options | Payment | Installment Charge | Total Payment |
|---|---|---|---|
| Annual Payment | $4,200 | No Charge | $4,200 (one-time payment) |
| APS Monthly Payment | $350 | $7 | $357 (per month) |
| Non-APS Monthly Payment | $350 | $12 | $360 (per month) |
Operating Fund Breakdown By Amenity
| Amenity | Cost Per Member Per Year |
|---|---|
| Lake (Lake Lease, Marine Patrol, and Common Docks) | $295 |
| Senior Center | $5 |
| Common Areas (16 Parks and Beaches) | $214 |
| Gault Field (Baseball Fields) | $25 |
| Tennis Courts (Tennis and Pickleball) | $11 |
| Equestrian Center | $24 |
| Campground (Generates Revenue) | $-31 |
| Pool | $84 |
| Golf Course | $149 |
| Lighthouse Restaurant | $53 |
| Meeting Rooms - Lodge (Generates Revenue) | $-17 |
| Country Club | $81 |
Budget Workshop
February 18, 2025
Workshop Documents & Links
- Watch Budget Workshop (on YouTube)
- View History of Canyon Lake POA Assessments (PDF)
- View Budget Workshop Handout (PDF)
Factors Impacting The 2025/26 Budget
- An insurance premium increase of 29% over the previous policy year
- Repairs individually costing $5,000 or less will no longer be funded through the reserve funds but instead will be included as part of the Operating Budget each year. This new accounting treatment added $130,000 to the annual Operations Department budget.
- Increased Payroll related benefits, including minimum wage increases added significant upward pressure to administrative and operational salary costs
- Funds derived from road litigation proceeds were previously held in investment funds earning interest. Those funds were predetermined to be applied to Road Repair projects and were utilized in the current year. The reduction in the balance of the investment account has resulted in a depletion of the earnings available.
- Cost increases initially indicated a budget increase of 10.4% or $30 per month. Restructuring costs and fee structures were consequently applied resulting in a final increase of 5.1% or $17 per month in homeowner assessments.
What Is Covered By The Annual Assessment?
- Operating Fund: Used for the day-to-day expenses of the association. This includes administrative costs, maintenance of common areas, utilities, and staff salaries. Routine repairs and general administrative expenses are also paid from this fund.
- Repair & Replacement Reserve Fund: Used for major repairs or replacements of community assets with long-term value and requiring significant investment. Examples might include renovations, replacements, or upgrades to existing community facilities and infrastructure.
- Capital Improvement Reserve Fund: Utilized for new projects that enhance the community's assets, not just maintaining or updating them. For example, this fund was used to develop Vacation Park in 2022.
- Road Reserve Fund: Specifically set aside for road maintenance and improvements within the community, this fund is crucial for planning and executing road repairs and upgrades to keep infrastructure in optimal condition. It covers the maintenance of 37 miles of roads, all parking lots, curbs, gutters, and concrete drainage structures.
Proposed Summary of Annual Charges
- Operating Fund: $3,185
- Repair & Replacement Reserve Fund: $560
- Road Reserve Fund: $417
- Capital Improvement Reserve Fund: $63
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Summary of Charges:
Annual Per Unit Regular Assessment - Operating Fund
$15,288,087 $3,185 Contributions to Capital - Repair & Replacement Reserve Fund
$2,687,000 $560 - Road Reserve Fund
$2,000,000 $417 - Capital Improvement Reserve Fund
$300,000 $63 Total $20,275,087 $4,224 Monthly $352