At its public open session on October 28, after two previous open meetings during which the budget was discussed, the ACC Board
passed the 2021 operating budget. This is the seventh consecutive year with no increase to ACC assessments.
The budget anticipates a net deficit of about $660,000, but staff and the Board are planning to use operating fund reserves to balance the budget, without having to ask residents for an increase.
“After this awful year of COVID and the economic impact felt by our residents, and with the EPCOR water rate case in limbo that impacts the majority of our residents, we didn’t feel that we could ask more of our community,” said CFO Paul Conley.
He said, “The ACC will closely manage spending, save where possible, and shoulder the deficit this year, but residents should prepare for a small monthly increase beginning in 2022. Seven years is a long stretch without changes, especially with adding amenities, and we know that a modest increase will be needed.”
Since the last increase in 2014, the ACC has enhanced the quality of life for Anthem residents with the opening of the Civic Building, Opportunity Way Park, 10-court pickleball complex, the dog park, Adventure Playground and Discovery Playground, and the expanded Community Center. The Skate Park expansion, which currently is underbid, is the last of the Facilities Master Plan projects to be completed (2021). At no time during those years have ACC assessments increased to cover the costs associated with operating and maintaining these amenities.
A summary of the 2021 budget will be included in the first quarter assessment mailing, and later this month, a Budget-in-Brief document will be posted to the website, and will include the budgets of the three HOAs, as well. The budget information that was presented at ACC Board meetings in September and October are available on the website now.