** 2024 IHCA Annual Accounting Report
The 2024 IHCA Annual Accounting Report provides a comprehensive overview of the Issaquah Highlands Community Association's financial health and operational successes. Since July 2023, the community has completed and sold the last 18 homes, reaching a total of 3,618 residences. The audit for the year resulted in a clean report, showcasing effective financial oversight and cost management, with an estimated interest income of $257,000, an increase from the previous year. To sustain community services, the report proposes a $36 annual increase in master assessments, bringing the total to $1,008. The high participation in the auto debit payment system has kept delinquency rates low at 1.
5%. The IHCA management team is dedicated to equitable budget planning across neighborhoods. The report underscores the importance of community involvement and the vital role of volunteers in supporting IHCA operations, encouraging public attendance at finance committee meetings to enhance transparency and engagement.