Willow Bend Homeowners Association, Inc. (Idaho entity W-44821) adopts the following operating budget for the fiscal year beginning 1 January 2026. Assessments are equal per Lot under Article X of the Master Declaration. Quarterly installments are due as invoiced by Westgate Property Management.
| Line | Amount |
|---|---|
| Assessments (340 × $285 × 4) | $387,600 |
| ACC fees and interest | $8,400 |
| Total income | $396,000 |
| Line | Amount |
|---|---|
| Landscape (Greenbench, year 2 of 2 — through 31 Dec 2026) | $24,800 |
| Pool and spa | $38,400 |
| Management — Westgate Property Management | $62,000 |
| Insurance (property, liability, D&O) | $41,200 |
| Utilities (common area) | $18,600 |
| Repairs and maintenance | $22,000 |
| Legal and accounting | $9,500 |
| Contingency | $12,000 |
| Reserve contribution (approx. 18% of operating expense base) | $69,700 |
| Total expense | $298,200 |
| Net to operating surplus / ACC admin | $97,800 |
1. Assessments. Holding the quarterly assessment at $285 avoids a 2026 increase while funding the scheduled reserve contribution. Any mid-year special assessment would require separate Board and, where applicable, Member action under the Declaration.
2. Landscape. 2026 reflects the final year of the current Greenbench agreement. The Board authorized an RFP for 2027–2029 (bids opened 2 December 2026: Greenbench $24,000; Tenmile Turf $27,000; Calder & Sons $29,000).
3. Reserves. Capital reserve balance referenced at adoption and in the 30 November 2025 financial position: $890,400 (62% funded per 2023 reserve study). Next study update due 11 December 2026.
4. Related balances (30 Nov 2025). Operating $186,420 · ACC deposits $42,150 · landscape escrow $18,600.
5. Amenities covered. Clubhouse, pool/spa, two pickleball courts, bowling alley, playground, mail kiosks, common irrigation, and the twelve-acre willow-corridor linear park.
Adopted 2 December 2025.
Ellen Marsh, Treasurer · Priya Shah, President
Susan Collins, Westgate Property Management · 208-555-0142 · manager@willowbendhoa.org