Q1 2026 Board Update
This page summarizes operational, financial, and project information drawn from the March 15, 2026 board meeting materials, the approved January 18, 2026 minutes, and the first-quarter 2026 newsletter draft.
66.3%
Year-over-year reduction in operating expenses compared with Q1 2025.
34.1%
Q1 budget utilization as of March 15, 2026, despite unplanned wall-repair preconstruction costs.
87%
Reported collection rate, with legal collection expense still minimal.
16
Homes currently classified as delinquent, representing 11.0% of the community.
Financial Performance
The first-quarter 2026 budget was reported as operating at 66% lower than Q1 2025 as of March 15, 2026. The board financials emphasize that even with some unexpected perimeter-wall pre-construction costs already charged, spending remains majorly below budget.
- Administrative costs were reported down a massive 84.2% year over year.
- Pool operational spending was reported at a monthly average cost of only 18.4% of 2025's Q1 monthly costs.
- Collections expense remained minimal while notices and account monitoring continued.
Perimeter Wall Repair Update
The March 15 board meeting detailed a much more advanced wall-repair status than previously outlined. The palm tree and root ball adjacent to the affected wall section have already been removed, and the association has moved past boundary survey with elevation and engineering plans for repair that have been submitted to Orange County permitting for approval.
- Resolution 2026-006 approved repair of approximately 48 linear feet of wall.
- The board chose the stronger repair scope including tuckpointing and strengthening damaged mortar in the repair and maintenance scope.
- The selected contractor is G.C. licensed, insured, and using county-reviewed and permitted plans.
- The board stated it is trying to avoid a special assessment if current savings and recoveries can offset the project.
- This wall repair should cost homeowners approximately $138 each in additional assessments, however the operations-management skills of the new Board of Directors will likely save the association from so much wasteful spending that it should be able to avoid an additional assessment.
Pool Operations and Cost Control
The board is using active software-assisted monitoring, temperature and weather forecasting, auto-calculating chemical-balancing prescription, and disciplined runtime and chemical cost tracking using software written by Scott Davis designed to reduce costs and increase safety and bather comfort.
- January pool operating cost reported at $220.11.
- February pool operating cost reported at $106.10.
- March pool costs may be $0 because first-quarter chemical purchases were already front-loaded in January and February and will carry through March without additional expenses.
- Quarter-to-date average pool operating cost was reported at about $108.74 per month against a legacy YOY of $592.20 per month.
- If that pace continues, the association could save the membership close to $3,000 per year on pool management alone.
- Pool key acknowledgements have been sent electronically to owners who still need to register or pick up a fob.
Community Improvements
The Q1 island and cabana updates have continued emphasis on visible, budget-conscious community upgrades.
- Island revitalization remains active, with Phase II planting completed and the cabana planter indicated as completed by Julia Cross. She will now begin to work on other areas of the pool and surrounding area.
- The board considers the landscaping work as part of broader curb-appeal and property-value improvement efforts.
- Website and technology updates continue to be presented as operational transparency and efficiency tools, not just cosmetic improvements.
Volunteer Opportunity: 2027 Nominating Committee
The board is calling for volunteers that would be interested in being part of the Nomination Committee tasked with nominating candidates for next year's board member election.
- Two homeowner volunteers are being sought for the 2027 Nominating Committee.
- Volunteers must be deeded homeowners in Surrey Ridge.
- Volunteers may not currently serve on the Board.
This page summarizes current board materials, financial performance, project status, and homeowner updates for the Surrey Ridge community.