At the Annual Meeting on February 22, Vecinos Treasurer Neil Canter reported to the members on 2023 financial results and proposed a budget for 2024-25, which was unanimously approved.

2023 Results

• Vecinos began 2023 with cash on hand of $225,000 pesos and finished with $317,000.
  
• Dues revenue was $248,000 below plan, but donations were $231,000 above plan, so overall revenue was very close to budget.
  
• Expenses were $411,000 below budget, mainly due to spending $225,000 less on the Government Project than planned and lower than expected expenses on roads and lights maintenance and administration.
  

2024 Budget

• The new budget calls for no change in member dues rates.
  
• Dues collection is assumed to be comparable to 2023 actual (less than 2023 budget).
  
• Infrastructure budget was increased due to upcoming road repair work, and Community Center Building/Guardia Nacional budget was increased based on historical spending. 
  

Change in Budget Year

• Members approved changing Vecinos budget year from January through December to March through February to align with the timing of the annual meeting and dues invoicing.
  
• As a result, the budget presented and approved covers 14 months from January 1, 2024 through February 28, 2025. 
  
• The budget projects $143,000 pesos cash on hand to March 1, 2025 start the 2025-26 year.