Questions and Answers
The questions and answers below are Frequently Asked Questions (FAQs)
You can also ask a question but before you do, please search using KEY WORDS (not full question) of your question’s subject matter in the SEARCH box below, as your question may have been answered previously.
To submit a question to the Board, send an email to: [email protected]
For questions to the Office management, send an email to: [email protected]
Questions to Committees should be emailed to the committee secretary. (See: Governance/Committees)
New Questions and Answers are continuously being added. Check back soon.
On the Shelter Bay Community Website under documents, there is a tab labeled Budgets and there you will find all the details for our current year as well as information on prior years. There is a separate schedule for the Marina. Click here for the budget page – Members only access Budgeted revenues for FY2023-24 are $1,309,3211 and the expenses are $674,590, leaving a before tax profit and principal debt repayment of approximately $635,000. Included in the expenses is a payment of $220,000 of the annual lease expense, as determined by the Board. Out of the net income, there will be approximately $50,000 of debt repayment and a $300,000 deposit into the capital reserves. This will leave a surplus of approximately $275,000. In past years, any surplus has been added to the capital reserves. The dredging was a big project and was not considered routine maintenance. Associated expenses were charged to the capital reserve. The moorage fees are competitive with other marinas. The Shelter Bay marina is considered slightly less desirable than LA Conner (no internet, no laundry, unable to walk to grocery stores, less security) and thus our rates are approximately 5% lower for uncovered moorage. Community members get a 10% discount. (Pat McGarry) The Marina and access to Shelter Bay needed dredging. It was financed by a loan through Peoples Bank and will be paid off in a maximum of five years with funds generated by the Marina. (Pat McGarry) We never had to pay TERO tax on earlier marina projects, so it was not specifically included in the budget for this project. The Board approved the budget and we were able to absorb the additional cost and remain within budget.
Marina