Budget Ratification Meeting Results

Thank you to all who attended the 2024 Budget Ratification Meeting and took the time to send in your vote.

The vote results are posted below. You can also read the Minutes and the Q&A Summary.

As stated in our Budget Newsletter and at the budget meeting, our Governing Documents (Bylaws article X section 10.2(a)) and state statute RCW 64.90.525 (section 1(a)) provide the following rule for budget ratification:

“Unless at that (budget) meeting the unit owners of units to which a majority of the votes in the association are allocated or any larger percentage specified in the declaration reject the budget, the budget and the assessments against the units included in the budget are ratified, whether or not a quorum is present.”

The MCCA has 3638 units that are weighted according to assessment level, as indicated in the table below. After the ballots are weighted according to assessment levels, the MCCA has a total voting power of 2638.75. This means a majority vote to reject the budget needs to be more than 50% of the total voting power or 1320 votes.

Unit TypeAssessment / Vote WeightTotal UnitsTotal Weighted UnitsWeighted YesWeighted No
Total 36382683.75862.7593.5

The 2024 Proposed Budget received 862.75 Yes votes and 93.5 No votes.

The No votes did not achieve the required threshold of 1320 votes so the budget was ratified by the members according to our Governing Documents and state statutes.