Please review the 2025-26 master budget approved by the Issaquah Highlands Community Association (IHCA) Board of Directors ahead of April’s Budget Ratification Meeting.
Dear Issaquah Highlands Homeowners:
The 2025-26 Issaquah Highlands Community Association (IHCA) master annual assessment will increase by $36/year to $1,044 as of July 1, 2025, when ratified at the April 21 meeting.
The IHCA Finance Committee and IHCA Board of Directors reviewed the 2025-26 budget prepared by the IHCA staff. The IHCA is a nonprofit organization and our budget is developed according to Washington State Law and the Covenants, Conditions and Restrictions (CC&R’s) for IHCA.
The Finance Committee works throughout the year analyzing monthly financials, including a yearly forecast. The committee began preparing and reviewing the 2025-26 operating budget at their meeting in January. The final 2025-26 operating and reserve budgets were presented to and approved by the IHCA Board of Directors on Feb. 24, 2025.
Income includes annual base assessments, late fees, shared-costs income, non-member income, interest and other income. The unit count estimated for the 2025–26 budget is 3,648 including the Westridge communities, the Reserve at Forest Ridge, and 30 of the 77 planned residential townhomes from the upcoming Shelter Holdings development.
The operating expenses increased $133,000 (4%) over last year’s budget. The increase is partially offset by higher base assessment revenue and the addition of new units. The reserve contribution increased by $41,000. However, with approval from the Finance Committee and Board of Directors, a portion of the current year-end surplus could be allocated to further supplement the contribution. This helps IHCA maintain a strong financial position for the community and ensure adequate funding for future major projects. IHCA was also able to restructure some staffing and operational expenses in order to offset increased costs.
Download the complete 2025-26 IHCA master budget for review.
IHCA 2025-26 Budget Ratification Meeting
Monday, April 21 at 5:30 p.m. (Moved from April 28.)
Per the Revised Code of Washington (RCW) and the IHCA governing documents, a quorum of residents is not required at the meeting for the budget to be ratified. The budget will be ratified unless 75% of the entire membership (not just homeowners present at the meeting or by proxy) votes to reject the budget approved by the IHCA Board of Directors.
If you do not plan to attend the meeting, you may cast your vote in two other ways:
Email: You may send an email to budget@ihcommunity.org. The email must contain your full name and street address.
U.S. Mail: Send your vote with your full name, street address and signature to:
IHCA—Budget
2520 NE Park Drive, Suite B
Issaquah, WA 98029
All votes via email and mail must be received no later than April 20, 2025, by 5 p.m.
Kristyn McKinnon is the IHCA accounting manager.
As published in spring 2025 issue of Community Connect magazine >>> (The IHCA Budget Ratification Meeting date has changed since the magazine was printed.)
