Overview of the FY 2025 budget process

Here at Columbia Association (CA), we believe that our organization’s budget is a tangible demonstration of our priorities and values. This is when CA’s Board of Directors determines investments in CA’s programs and services, allocates funds for capital projects and sets limits for the Annual Charge and membership rates. Approving CA’s budget is one of the key tasks and biggest responsibilities the Board undertakes every year.

CA’s budget cycle

The budget input and approval process culminates in late February when the budget for the upcoming fiscal year is approved. CA’s annual budgets begin on May 1 and end April 30 the following year. That means Fiscal Year 2025 (FY 2025) begins on May 1, 2024. Click here to access past budgets and financial information.

The process

The FY 2025 process includes a number of opportunities for our community to provide feedback on what you would like to see prioritized at CA. That includes a combination of online surveys, virtual information sessions and Board meetings and work sessions.

We’ve seen hundreds of people provide their input over the last couple of years, most for the first time. Residents, community groups, advisory committees and village boards are all encouraged to participate! 

FY 2025 details will get more defined as we get closer to the final budget approval, which means the scope narrows as the Board moves through this process. The earlier you get involved, the more impact you can have on the final budget. It’s important to us that your priorities are heard!

Next steps

This year’s process started in early August with an online survey to gather feedback on the community’s priorities. These results helped inform the top strategic priorities for FY25, set by the Board in September.

Since then, there have been multiple surveys to gather additional feedback and a special information session for the public that took place in November. In December, the Board voted on the draft capital allocations and the draft operating budget priorities, annual charge rate and cap and membership rate guidance. 

Currently, CA staff is working to draft a budget for the Board’s consideration and approval. The final round of community feedback for the FY25 budget will be collected on January 22-26. The budget will be approved during a board meeting on February 22.

You’re always welcome to participate in Resident Speakout, which happens at the start of every Board meeting and work session. Meetings are also live streamed and recorded on YouTube. 

Check back for more information on the FY 2025 budget process, and thank you for your input!

Budget and Financial Information

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