ACC and HOA budgets released

The ACC distributed the 2019 Annual Budget for the Council in the quarterly assessment mailing residents received early in December. The three HOAs released their budgets separately. A document outlining key points of the ACC and the HOAs’ budgets is now posted online .

Assessments remain stable
For the 2019 operating year, ACC staff did not recommend an assessment increase to the Board, and ACC assessments remain stable at $205.50 per quarter per residential property for Parkside and Country Club owners, and at $139.50 for Village at Anthem owners (these are ACC assessments only; they do not factor in HOA assessments).

The last ACC assessment increase was $6/mo., effective in January 2014. In evaluating the 2019 Operating Budget, the ACC Board and staff looked beyond 2019 to forecast revenues and expenditures over the next five years, in order to anticipate adjustments that may be needed to achieve future balanced budgets. As a result of cumulative cost pressures associated with multiple years of mandatory minimum wage increases; a projected increase in major service contracts; rising expenses associated with maintaining an aging infrastructure; an increase in annual contributions to the Reserve Fund to account for new amenities such as the Civic Building, Opportunity Way Park, pickleball courts, and the future dog park; operating costs for these new amenities; and upward trends in utility rates and insurance premiums among other inflationary factors—the ACC’s forecast models indicate that a modest assessment increase will be needed in 2020 or 2021.

"The ACC Board and staff take our financial stewardship responsibilities very seriously and we will continue to pursue efficiencies and savings to offset mounting costs and delay future assessment increases to the extent possible,” said Neal Shearer, ACC Community Executive Officer. “We also have a responsibility to let the community know when an assessment increase may be on the horizon in order to maintain the ACC’s strong and stable fiscal condition, and Anthem’s special and enviable quality of life.”