2013-14 Rancho Santa Fe Association budget mailed, hearing scheduled

The Rancho Santa Fe Association’s 2013-14 budget was mailed recently to the membership for review, and a budget hearing will be held Wednesday, May 22, at 9 a.m. in the RSF Association boardroom. Any member is welcome to attend.

The budget won’t be finalized until the RSF Association’s June 20 board meeting.

Steve Comstock, RSF Association chief financial officer, said that with the budget they are recommending the assessment rates will remain the same for 2013-14 at 14 cents per $100 of assessed [property] value. Of the 14 cents, 11.5 cents will go to general services and 2.5 cents will go into the Covenant Enhancement Fund.

The RSF Tennis Club will not increase its schedule of fees and is looking at a $140,000 line item to re-surface two of its courts. The RSF Golf Club will see a 6 percent increase in dues structure and nominal greens fee changes.

With the RSF Garden Club purchase, Comstock said the Association is budgeting that the clubhouse breaks even next year.