Participate more fully by understanding the 2025 budget
MESSAGE FROM THE GRF TREASURER
by Nick Massetti
GRF Treasurer
In recent weeks the GRF annual assessment has been tied to the annual budget and its related overall expenses and income sources. Also the annual trends for total budget expenses along with their contributions from Human Resources were shown. But it may also be of interest to see how the 2025 budget’s $27 million expense total breaks down. Those expenses break down into the six main categories shown in the table at right.
Human Resources includes employee wages and benefi ts. Much of the cost for the Security and Recreation services are captured there. The reserve/cash funds not only include the reserve fund previously described but also a new fund being used to collect cash to pay an initial large portion of the insurance premium that comes due in December each year.
The Admin/Insurance category is mostly the insurance premium but also includes the cost of annual independent financial audits and legal costs. Recreation expenses are made up mostly of clubhouse janitorial services but also include community entertainment and events.
The Facilities category includes trust property landscape maintenance and utilities, such as electricity, trash and sewer expenses. The Operations/IT/ News category pulls together IT services and software and electronic utilities like telephone and internet.
The 2025 budget’s $27 million income also breaks down into six main categories as shown in the table above right.
