Greetings from the Board
What is the Rancho Vistoso Reserve Study and how does that impact the community? We have a consultant that estimates the cost of maintaining our community assets and when the expenditures should take place. As an example(s), the landscape rock needs to be replenished every 10 years to keep it looking nice. The tennis court lights were just converted to LED’s and have an extended service life (now). The streetlights along RVB had to be either refurbished at a cost of approximately $1.5 million or removed at a cost of $250,000 because they were at the end of their useful life. The reserve study is available on our website – VCA 2026 Reserve Study.
We are working on the 2026 budget that will be approved (or amended and approved) at the October 30th General Session.
The income (mostly the total of residential, commercial and builders’ assessments) will be around $3,740,000 (of which $850,000 will be transferred to the reserve or capital budget).
The total operating expenses including: our management company (FSR), landscaping contracts (mostly AAA), utilities and office rent will be just over $2,900,000. The reserve or capital projects expenses will be a little over $1 million. We have a reserve fund balance of about $4 million. Our goal is to have a balanced budget, where income and expenses are equal and the amount we transfer to the reserve account plus the interest earned on investments, equals the expenditures.
As you can see, the HOA is a $3.5 million business and we could sure use a few more people to help run it! We need volunteers on the committees and people to run for the board in March 2026.
Matt Wood