The Ocean Pines Association's Budget and Finance Committee convened on January 3, 2025, to review the annual budget, focusing on revenue adjustments, departmental expenses, and strategic planning for the upcoming fiscal year.

A significant discussion point was the proposed increase in transfer fees from $150 to $200, aimed at enhancing revenue streams. The committee noted that miscellaneous revenue for 2024 had reached nearly $74,000, prompting questions about its volatility and the need for conservative budgeting in this area.

The meeting also addressed the budget for computer equipment replacement, confirming that funds were allocated for necessary hardware refreshes. Utilities were discussed, with most costs projected to decrease, although some members expressed concerns about rising personal utility expenses.

The committee reviewed the performance of Northstar, the software provider, with assurances that improvements were being made, and plans to integrate additional services were underway. The general manager highlighted the importance of maintaining efficient operations across departments, emphasizing that staffing levels had not increased significantly over the past six years.

In public relations and marketing, the committee acknowledged a consistent increase in revenue, attributed to effective marketing strategies and cost-saving measures. A new podcast initiative was introduced, contributing to the budget's promotional expenses.

The budget for public works showed a slight decrease in expenses, with a focus on maintaining existing infrastructure and preparing for potential emergency costs related to snow removal and storm damage. The committee confirmed that staffing levels in public works were filled, although recent turnover had occurred.

The discussion on bulkheads and waterways revealed plans to maintain linear footage for repairs, contingent on contractor availability and material costs. The marina budget reflected increased revenue from boat slip rentals due to a 10% fee increase, while fuel sales were projected to rise based on improved market conditions.

Overall, the meeting underscored the Ocean Pines Association's commitment to fiscal responsibility and strategic planning, with a focus on enhancing services while managing costs effectively. The committee will continue to refine the budget before final approval, ensuring alignment with community needs and operational goals.