Proposed Ballot Measures

Along with the Election of Directors there will be seven ballot measures included with this year's ballot. Below are the measures. 

Ballot Measure: IRS Tax Measure
The proposed IRS Ballot Measure is considered an annual industry standard to allow for clear tax filing authorization. The IRS Revenue Tax Ruling 70-604 allows associations to avoid a tax consequence on any inadvertent excess member income that is applied to the following fiscal year assessment when filing a tax return Federal Form 1120. Though the Canyon Lake POA recognizes three options for application of excess income, ((1) refund to the membership, (2) apply to following year’s assessments/operational budget or (3) apply to the reserves) this ballot measure only pertains to the option of applying excess income to the following year’s assessment, should the Board so choose. Failure to allow the IRS measure on the ballot, and failure of the membership to approve the measure, may result in the Canyon Lake POA being subject to additional federal income taxes. 
Ballot Measure: Board of Director Terms
Efficient operations are significantly hindered by annual changes in the board. This measure was placed on the ballot to improve efficiency and governance by avoiding the annual turn-over of the Board Directors, and to add stability in the Canyon Lake POA’s governance. If approved, the years for Board Director terms would double, allowing the Canyon Lake POA to hold bi-yearly elections, rather than annual. This change which would cut election costs in half and could significantly increase governance consistency and improve long term continuity by reducing the chance of dramatic fluctuation in planning focus, expenditures, and budgeting. With this change, the Canyon Lake POA will be guided by more experienced leadership that will carry a greater responsibility for the long-term impact of their fiscal decisions. It may also encourage more members to serve for four years without having to endure two election cycles.
Ballot Measure: General Manager Designation
This measure proposes the documentation and formalization of the current highly successful style of Canyon Lake POA operations, and clarify the relationship between the President and the General Manager. 
Ballot Measure: Capital Improvement Spending
This ballot measure proposes the Capital Improvements spending authority would increase to 2 million dollars over a two-year period that is consistent with the inflationary increase that has occurred since the current value was first declared in the 1990’s. It is a spending authority that permits the Board to make appropriate decisions to support the interests and activities of specific communities within the Canyon Lake POA. The increase amount is more closely aligned with the cost of projects now being implemented and planned and will likely increase spending on new projects within a one-year period.
Ballot Measure: Purchase Limitation
If approved, the spending authority for the purchase, sale or rent of real property would increase to $400,000, which is consistent with the inflationary rise since the value was first introduced in the 1990‘s. It may result in increased spending on individual projects within a one-year period.
Ballot Measure: Capital Improvement Funding
If approved, the Canyon Lake POA will be able to finance Capital Improvements now in planning but beyond the current CIP reserve and shift the payment for those improvement to the current members that will benefit from them. The current limitations require annual member assessments to increase the CIP reserve to fund projects that benefit only the members when they are completed. It will also remove outdated and inapplicable language from the original Bylaws, permitting the Canyon Lake POA to lease its amenities from the developer – no such leases exist.   
Ballot Measure: Sierra Park North
If approved, Sierra Park North can be completed under a single contract within one year. Four Boards have supported this project as a significant addition to our amenities that will directly support the growing number of families in the community that seek recreational opportunities for their children. It would be an appropriate use of an unimproved section of the community located such that it has the least impact on the neighbors.