Current Meeting ☞ A g e n d a

Business Activities: 

Over the past month, the Association had some noteworthy baking transactions.  On February 27th, a $100K CD matured to which was reinvested for another year in a non-callable CD at 3.7%.  All End of Year Reconciliation transfers have been completed to the appropriate saving accounts where the members now hold close to $800K between all banking institutions, excluding the designated funds for the Cedar Creek Park improvement.  These various accounts are comprised of Assessment Income, Non-Assessment Income and Golf Course Savings. 

With the passing of the Operating Funds and Bank Accounts Operating Policy this past November, the Admin team has made the first reconciled monthly transfer from the Operating Checking Account at the BOSV to the Operating Money Market held in Fidelity. This transfer was in the amount of $166,243.39.  On a monthly basis, the Checking Account will be reduced to a $250K threshold with any overages transferred to the Fidelity higher interest money market.  Currently our YTD return is .65% which averages to annual yield from this time last year of 3.62%. 

Assessments:

2026 Assessment Status: as of March 17th, 1499 accounts have paid in full which equates to 74.36% collected.  To accomplish our goal of 97% collectability we have 457 accounts remaining outstanding.  This is in comparison to only 66.17% collected in 2025. 

I believe the drawing for the golf & cart punch pass lead to this year’s increase. 

As a reminder, if annual assessments are not paid by March 31st, interest will be retroactive to March 1st and will continue to accrue at the correlating plat’s interest rate of either 6 or 7%.  In keeping with our Operating Policy, as it pertains to delinquent accounts, those slated for collection efforts will be communicated with beginning on April 1st prior to legal release. 

Additional Projects: Aspen Hills will be continuing its metamorphosis this spring with new siding in the color palette of the Cedar Creek Center, refreshed interior painting and carpet installation.  As the growing season progresses, we anticipate the laying of fresh sod on the upper level along with cleaned, mulched and new plantings in the flower beds.  With such an incredible view, Aspen Hills has been chosen by many a bride this season for their ceremony and festivities.  We are eager to share this wonderful location with our local community and those desiring a Wyoming golf inspired event.  Details and pictures will be forthcoming as the improvements continue. 

How many of you have notice the new paint color in the hallway and Pro Shop?  After 6 years, our Cedar Creek Center deserved more of a personality in keeping with the beauty of our course.  Though my counterpart was unable to attend this evening, Heather and myself have been on a mission to not only enhance your surroundings but your experience.  I must extend my sincerest appreciation to the Facilities Department, lead by Ernie for the constant barrage of To-Do’s that they have tackled and continue to check off the list.  We are hoping that our full unveiling will occur not long after our course opening this Saturday.

Budget: Who could have predicted this weather?!  When creating the annual budget, departmental payroll for seasonal team members are traditionally factored beginning at the end of April.  As we progress throughout the season, it is quite probable that  our expenses across the board will increase.  Of course, it is our hope that revenue from an extended season will offset any overages. 

Closing: It truly is the hard work of Larry and his crew that has made this opening possible.  Without their diligence during fall clean up and the commitment of the men returning early we wouldn’t be able to gloat as the first course open in the Valley for 2026!  Thank you, gentlemen.  I look forward to seeing you all out there and let’s have a fantastic season.