as revenue in this fund. Expenditures in this fund were $779,254 (including amounts for painting of home exteriors, roof repairs, street asphalt and curbs, community pools and irrigation pumps and equipment) plus another $848,531 of capital assets acquired through Financing Leases (golf course and fitness equipment) from this fund and transferred to the operating fund to be capitalized and depreciated. See the Monthly and YTD Financial Statements of DHOA posted to the homeowners’ website for more details. Strategic Plan 2023 – 2024 (see attached) A Strategic Plan was prepared and approved by the Board about a year ago. This plan was presented to homeowners through several focus group sessions attended by over 200 homeowners. The Strategic Goals and Objectives included:
The Renewal Project Quality and Service Premier Golf Experience The Courts & Pavilion Experience Maintain Competitive Membership Dues Reserve Management Sustainability Good Governance Build Trust
Comparative Information (see attached) One of the Strategic Goals and Objectives in the Strategic Plan is to Maintain Competitive Membership Dues given the other goals and objectives of Quality and Service, Premier Golf Experience and The Courts and Pavilion Experience. Management has recently compiled comparative information for other homeowner communities in Indian Wells and other desert cities that have similar attributes to DHOA – private, premier golf courses; courts, fitness and wellness facilities; and safe and secure environments. DHOA monthly Community Fees and Golf Fees are significantly less than the other homeowner communities in Indian Wells. DHOA monthly Community Fees and Golf Fees are comparable to other homeowner communities in other desert cities (Rancho Mirage, Palm Desert and La Quinta).
Tom Robinson Treasurer
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