MVF Board approves establishing Tax & Service Equity Committee, resurfacing of Peggy Mark Bathhouse

The Montgomery Village Foundation (MVF) Board of Directors approved the following at the September 24, 2026 meeting...

 The Montgomery Village Foundation (MVF) Board of Directors approved the following at the September 24, 2026 meeting:

• Approved the authorization the order the 2027 assessment coupons, return envelopes, and postage with Bank-A-Count Corp for a total cost of $24,230.11, plus an additional 10% for any changes in direct debit enrollments or any other unforeseen costs. The motion was seconded and passed unanimously.
• Approved the 2027 MVF Board of Directors Election materials, including the Guidelines for Applicants, Application for Candidacy, Call for Candidates, Letter to Applicants, Guidelines for Student Representative Applicants and Application for MVF Student Representative. The motion was seconded and passed unanimously.
• Approved the 2027 MVF Board of Directors Election materials, including the Election and Voting Procedures, Guidelines for Ballot Counting, Voting Information for Private Dwelling Unit and Multi-Family Unit Owners using Individual Ballots, 2026- 2027 Election Calendar and Candidate Video Interview Guidelines. The motion was seconded and passed unanimously.
• Approved the authorization of proceeding with establishing the ad hoc Montgomery Village Tax & Service Equity Committee with the Director of Recreation and Parks as Staff Liaison. The motion was seconded and passed unanimously.
• Approved awarding the resurfacing of Peggy Mark bathhouse epoxy floor to Durex Coverings, Inc. for $22,600 and authorizing an additional 10% for any unforeseen conditions. The motion was seconded and passed unanimously.

President’s Remarks
Board President Susan Prince expressed excitement for the upcoming fall events being organized and hosted by MVF, but noted that she will be missing them.

Interim EVP Report
In addition to her written report, MVF Interim EVP Karen Kodjanian talked about the public safety meeting that had originally been scheduled for Sept. 28 that has been postponed due to scheduling issues. She added that end of October will perhaps work better. She also discussed The Great Pumpkin Race and Fall Festival, stating that everyone from the Board of Directors had received an invitation.

Agenda Items
A. Consider Bid for Assessment Coupons

B. Consider Nominating Committee Recommendations for the 2027 MVF BOD Election

C. Consider Election Committee Recommendations for the 2027 MVF BOD Election

D. Consider Establishing the Montgomery Village Tax and Service Equity Committee

E. Consider Sole Source Bid to Resurface the Epoxy Floor at Peggy Mark Pool Bathhouse

Treasurer’s Report
MVF Treasurer Dr. Jayaraman Vijayakumar presented the Treasurer’s Report for the year-to-date (YTD) and month ending August 31, 2026.

• Overall results through the end of May continue ahead of budgeted projections, with MVF funds were ahead of budget projections by approximately $2 million, due to Revenues from Investments ($809K), Camps and Classes ($61K), and Pool Membership/Rentals ($42K), as well as lower Operating Costs by about $140K.
• Total revenues through August are $9,132,042, which is +23.7% higher than budget and +10.9% higher than 2025 actual revenues.
• Total operating expenses through August are $7,207,913, which is -3.2% lower than budget and +4.6% higher than the same period last year.
• Capital contribution fees received through July are $254,388 vs. $162,067 budgeted for 2026.
• Balance Sheet continues to reflect MVF’s strong financial position, with approximately $13.6M of its $37.2M assets (36.6%) presently invested or held in bank accounts. The Operating Fund has approximately $2.7 million in undesignated reserves.
• At the end of August 2026, the delinquency rate is 13.6% (1,153 units). This represents a 1.3 percentage-point increase from August 2025’s rate of 12.3 % (1,047 units) and is approximately 3 percentage points above the 10-year August average of 10.6%. Performance remains consistent with historical trends for this time of year.

Next Meeting
The next MVF Board of Directors meeting is scheduled for 7:30 p.m. on Thursday, October 22 in person at North Creek Community Center, 20125 Arrowhead Rd. Residents are invited to attend.

Full meeting details, the meeting packet and participation instructions will be posted online at www.montgomeryvillage.com the week before the meeting.