A Peek Behind the Curtain Building the IHCA Budget

The Issaquah Highlands Community Association (IHCA) is in the midst of its annual budgeting process, which is vital for preserving community standards and planning for future needs. Homeowners contribute monthly dues, which are allocated to various community services, including maintenance, insurance, and improvement projects. The Finance Committee, made up of dedicated homeowner volunteers, collaborates with staff to draft a budget recommendation that reflects the community's financial needs and goals. The committee examines daily operational costs and ensures sufficient reserve funds are available for long-term asset replacements. A board meeting on February 24 will provide an opportunity for the Finance Committee to present its budget proposal for review and approval.

Following the board's approval, the budget will be published in the April issue of Community Connect magazine for homeowner review. A critical public ratification meeting will occur on April 28, where homeowners can vote to approve or reject the budget, requiring a 75% majority to veto it. This transparent process highlights the IHCA's commitment to community engagement and responsible financial management.