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Mid-Year Recap: IHCA Fiscal Year ’22-’23 Report

By January 3, 2024Connections, IHCA, Parks

Issaquah Highlands Community Association (IHCA) ended the 2022–2023 fiscal year in July 2023 with a cash surplus of $239,000. The financial reports were independently audited by Newman & Company CPA, which presented a clean audit.

The IHCA Board of Directors voted to allot 2022–2023 year-end surplus funds from the master account to the areas seen in the graph below.

Parks Update

This year, we finished the new play structure at Daphne Park. We have ordered new equipment for Wisteria Park. The shipping and delivery dates are yet to be determined. However, we are aiming for the new playground equipment to be installed by spring 2024.

IHCA welcomes the new Playground Improvement Committee members.

  • Ben Armlin—Huckleberry Circle Resident and Highlands Council Board Member
  • Jessie Limjoco—Asland Park Resident
  • Kate Brickell—Ashland Park Resident
  • Lynda Tammone—Ashford Resident and IHCA Board Member, District 1
  • Bertan Aygun—IHCA Board Member, District 3

We are looking for a few more Playground Improvement Committee members to join us in planning for the upcoming Ashland Park and Kirk Park renovations. If interested, please email Sarah Hoey.

We’re planning improvements for Firehouse Park and Vista Park in upcoming years.

Construction Update

Custom Construction—The IHCA team welcomes back Erica Buckley, the administrator for the Custom ARC. She will work alongside the third-party architect and landscape architect members: Jim Romero, Ann Adams, Scott Holsapple and Dar Web.

  • 4 parks finished in Westridge.
  • 10 homes sold at The Reserve at Forest Ridge.
  • 350 Homes constructed and sold in the Westridge neighborhoods

On Grand Ridge Drive, 31 out of the 40 lots are completed. Three lots are under construction, five lots are currently obtaining King County permits, and one lot is in the planning stage.

All 90 lots on Harrison Drive have been sold to private owners. The last lot is currently under construction.

Neighborhoods in Issaquah Highlands

Beside the master association, there are several other classifications of neighborhoods within our community. Supplemental neighborhoods act like condominiums, but they are not registered with the state of Washington. IHCA is responsible for maintaining the exterior of units, landscaping and trash (for those that have dumpster services). Maintenance includes exterior painting and roof replacement, among other items. This summer, over 80% of the supplemental buildings were repainted.

Neighborhoods such as Manchester Court, Dahlia Park and Vista Park require additional funding to support the extra services not normally included with the master association, such as front yard landscaping and hanging flower baskets.

All homes and businesses in Issaquah Highlands are mandatorily in the IHCA master association. Additionally, there are extra fees for commercial buildings, multi-family apartments, Providence/Swedish and the High Street Center. This encompasses Grand Ridge Plaza, Westridge and the future Shelter Holdings development.

All in all, there or over 75 different divisions and neighborhoods located within this community we call home. Issaquah Highlands is comprised of over 2,200 acres, with 1,500 acres permanently zoned for open space, and 25 unique IHCA-owned parks.

Upcoming IHCA Administration

February:

  • Master budget drafts to the IHCA Finance Committee and IHCA Board of Directors.

March:

  • IHCA Board of Directors election process for Districts 2, 4 & 6.
  • Additional information will be provided via official Issaquah Highlands communications.

April:

  • Supplemental and neighborhood budget drafts to the IHCA Finance Committee and IHCA Board of Directors.
  • Master budget ratification meeting, open to the public.

June:

  • Insurance renewals for all policies.
  • Election voting occurs for open board districts.
  • The IHCA fiscal year ends.
  • Annual IHCA Board of Directors meeting on June 24.