It was a small audience for the July OPA board meeting, which was held outside at the Yacht Club.

By Cindy Hoffman, Staff Writer

(July 20, 2023) General Manager John Viola’s financial report to the Ocean Pines Association Board of Directors on Saturday showed that May was another good month for the community.

The unaudited numbers show that OPA is up $150,000 for May, with the golf and yacht club continuing to drive revenue. He did note that the bad weather hit food and beverage over the past couple of months.

Viola said he is seeing the racquet club turning around thanks to the new club manager, Tim Johnson.

“We are doing what we did with golf,” Viola said.

He noted that the police department is still short-staffed, but overtime for officers is offsetting that. The department is working as a team with state troopers and county sheriff’s office to ensure appropriate coverage.

Ocean Pines currently has $9.6 million in reserves. Viola said this high number is because of the annual assessments collected at the beginning of the fiscal year. These reserves will have to carry OPA through the year, he said.

Viola’s flash preliminary estimates for June has the association favorable by $11,000.

In the treasurer’s report from Monica Rakowski, the association had approximately had $18.1 million in cash at the end of June. The cash decreased by about $500,000 from the same time period last year. Cash decreased about $400,000 from May 2023. OPA has $13 million invested in CDARs; $41, 000 in interest income recognized for the month and the remaining $4.9 million in insured cash sweep, treasury bills, money market and other operating accounts, diversified between two local banks.