10/29/2024
Hello Fellow R Ranchers!
The Finance Committee along with the Board of Directors have worked hard to come up with the best budget possible for 2025. We listened to what the Owner’s wanted last year and did no increases. However, we had to do a special assessment to get infrastructure projects completed. This year we can’t afford to do that again. We are focusing this year on maintaining the staff, administrative costs, and dealing with increasing prices. The cost of living has gone up and, unfortunately, the ranch is not immune to it. We need to increase wages for our staff to earn a decent living, our electricity costs have gone up along with insurance premiums and more. So, with all of the increases across the board, we will need to increase assessments for this next year. We have a brief summary below and the full budget will soon be available on the Owners section of the website(log in to access).
The solution going forward to keeping costs down is that we need more Owners to cover the costs to operate the R-Ranch and to plan for future projects, upgrades, and inflation. We are asking each Owner to bring in one NEW Owner this year (total ownerships not to exceed 1,200) and this will offset part of the increase in 2025 for YOU! Start now over the holidays, talking to your friends and family members about the memories you have made, and ask if they would like to join the R-Ranch family! You will receive $150 credit on your account for the first new Owner you bring in. If you refer additional new owners over and above this first one, you will get an additional incentive of $200 towards your annual assessment (for each new ownership sold). You could potentially pay no assessments this year! This incentive program starts NOW! To qualify for these credits to your account, the NEW Owner must be under regular Ownership (does not include Option program, Child rights). Simply put, bring in a new regular ownership and you will be credited back the $150 on your account plus you may earn more credits back towards assessments back. Win-win for all!
In addition, per the suggestion of an Owner at our recent bi-annual meeting, the board has considered and then voted to include transfers in the incentive program as well. New owners can now transfer in for $350! Refer a new owner that transfers in, and YOU receive a $50 bonus on your account! If you refer additional owners that transfer in, you receive $100 credit for each one (over and above the first one).
For new sales AND transfer referrals, please direct that potential owner to our Sales Manager for touring, paperwork, etc. so we can ensure they receive the best onboarding process possible and up to date information. This incentive program starts now and expires December 31st, 2025. All incentives must be earned during that time period. Thank you for helping us bring in new Owners and assisting others to exit their ownership more easily as seasons and circumstances change. This is a mutually beneficial program for all parties whichever way they buy in!
Overview of 2025 Changes to Fees/Costs:
These changes were carefully collaborated by the Board of Directors, Finance Committee and Marketing. We have faith in the owners and our new Sales/Marketing Director to help promote the R-Ranch to grow our ownership. We know that this has been a hard year for many and there have been different reasons for people wanting to leave the R-Ranch. We are hoping, by changing some things by being more positive, transparent and attentive to Owners, that some who want to leave will change their minds. This is a beautiful place with great families and a safe place for our children and grandchildren to grow up!
Our first positive step this year is Sales/Marketing committee is working VERY hard towards bringing in new owners, as well as a new Annual Campaign to raise money for Improvements, Events, Concerts, via fundraiser kicking off in April and other exciting events that help pull the ranch community together.
Our second positive step will be that the R-Ranch will provide more transparency with the finances. The Profit and Loss statements will only have operating income and costs in them. The projects and capital improvements will be in designated funds and will be reported separately monthly so that the numbers are clear to everyone. The finance committee will be actively involved in presenting the Profit and Loss statements at the board meetings plus be accessible to answer questions at the meeting or via email. The finance committee will meet year-round to review costs and adjust where we can. Scott Basso(Project Manager) and Paul Abrams(New Executive Director) are actively analyzing costs and working with staff to get an overview of future projects and costs. We are saving to maintain the longevity of the R-Ranch. Projects will be handled separately and reported on by the department handling it with details at each board meeting.
There are many areas we can work together to improve the R-Ranch. The Owners, Board of Directors, Staff, and Committees will continue to work in conjunction to make the ranch successful plus keep the enjoyment and relaxation of our resort alive! Everyone has great ideas, opinions, and resources! Let’s keep the positivity going and continue moving in a forward direction! It is a great privilege to be an Owner of this beautiful property, and we are glad YOU are part of our R-Ranch Family!
Sincerely,
Finance Committee and R-Ranch Board of Directors