Treasurer reports roughly $18.6M in cash; association favorable year-to-date
September 26, 2026 | Ocean Pines, Worcester County, Maryland
This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »
Treasurer Monica Rakowski told the board that as of Aug. 31 the Ocean Pines Association had approximately $18,600,000 in cash and that cash increased about $800,000 from the same time last year and from July 2026. She said a portion of funds—described as invested in CDARS and other insured vehicles—produced $55,000 in interest income over the period.
General Manager presented monthly and year-to-date operating results, reporting the month was favorable roughly $106,000 and year-to-date favorable about $192,000, driven by aquatics and marina revenue. He emphasized that reserves are sufficient for planned generational replacement projects but noted large capital needs ahead.
General Manager presented monthly and year-to-date operating results, reporting the month was favorable roughly $106,000 and year-to-date favorable about $192,000, driven by aquatics and marina revenue. He emphasized that reserves are sufficient for planned generational replacement projects but noted large capital needs ahead.
View the Full Meeting & All Its Details
This article offers just a summary. Unlock complete video, transcripts, and insights as a Founder Member.
✓
Watch full, unedited meeting videos
✓
Search every word spoken in unlimited transcripts
✓
AI summaries & real-time alerts (all government levels)
✓
Permanent access to expanding government content
30-day money-back guarantee
