MVF Board approves 2026 board election materials

At its September 25 Montgomery Village Foundation (MVF) Board of Directors meeting, the Board approved 11 documents from the MVF Nominating and Election committees, which combined, support the efforts of these committees in carrying out the 2026 MVF Board of Directors election process. The election process will kick off on Friday, Nov. 7 when the Call for Candidates information will be shared with residents via Montgomery Village News.

Other Agenda Items

The Board appointed Tim Goodfellow as Chair of the re-established Transportation, Development, and Public Facilities (TD&PF) Committee with the general scope of keeping a pulse on area projects that impact Montgomery Village and providing insight and proposed positions to the Board.

To continue repair and upkeep of amenities, the Board awarded a culvert replacement and path repair project in Lake Marion Stream Valley to Busy Service at a cost of $13,775, and replacement of the wooden guardrail along the walking path and parking lot at Milton M. Kaufmann Park to Long Fence at a cost of $17,395. Both projects are funded by Reserves and are necessary at this time.

Finally, the Board approved ordering the 2026 assessment coupons, return envelopes, and postage from Bank-A-Count Corp for a total cost of $22,867.38, plus an additional 10% for any changes in direct debit enrollments or other unforeseen costs. This will support the annual assessment mailing at the end of the year.

President’s Remarks

President Ayres thanked the group of volunteers who recently cleaned up debris at Lake Whetstone for the betterment of the community.

EVP Report

EVP Mike Conroy said he was looking forward to The Great Pumpkin Race and Fall Festival, scheduled for Saturday, Oct. 4 at North Creek Community Center. He was excited for the resident pumpkin submissions and thanked staff for putting the community-wide event together.

He noted five of the six solar panel locations were fully operational and expected that the final installation at Whetstone Community Center would be given the green light from Pepco very soon. He thanked the Recreation and Parks team and the contractor for their work completing the project, and Senator King for helping secure the bond bill that funded the upgrades. Conroy added that as soon as the last location is online, MVF will arrange for a ribbon cutting to celebrate the addition to the facilities.

Conroy briefed the Board on a proposal by MCDOT for the Tall Oaks Road and Montgomery Village Avenue intersection, which is being used as a cut-through, creating traffic safety issues and spillover on Montgomery Village Avenue. He noted MCDOT proposed an installation of flex-post barriers to create specific left-turn-only areas in the median. He said he would send a larger report to the Board with an opportunity for feedback that would be sent to MCDOT. Conroy noted a short timeline for feedback, because MCDOT hoped to implement the solution in October. He added that the TD&PF Committee was reviewing the proposal and is establishing an opinion, which would also be sent to the Board for consideration.

Treasurer’s Report

Newly appointed MVF Treasurer Dr. Jayaraman Vijayakumar presented the Treasurer’s Report for the year-to-date (YTD) and month ending September 30, 2025, reporting that overall, all MVF funds were favorable to the budget. Net Income was reported favorable by about $1.1 million predominantly due to Revenues from Investments ($703,000), Camps and Classes ($69,000), Grant Revenues ($240,000) and Pool Memberships/Rentals ($50,000) as well as lower Operating Costs by about $85,000.

Vijayakumar noted Total Revenues were $8,234,883, which is 14.3% higher than the budget and 5.15% higher than actual Revenues for 2024. Total Operating Expenses were $6,889,027, which is 1.2% under

budget and 7.77% higher than in the same period last year. He said Capital Contribution Fees received through August were $202,120 versus $251,667 budgeted for 2025.

He said the Balance Sheet continues to reflect MVF’s strong financial position with $14.0 million of its $31.4 million assets held in Cash and Investments. MVF continues to hold close to $2.94 million in Undesignated Reserves. Assessment Receivables has seen a decrease of 5.7% compared to the previous year, and the Delinquency Rate for August was reported at 12.3% (1,047 units). MVF’s current Delinquency Rate is 1.6% higher than the 10-year average for the month of August (10.7%). Last year’s Delinquency Rate was lower at 10.9% (924 units).

Next Meeting

The next MVF Board of Directors meeting is scheduled for 7:30 p.m. on Thursday, Oct. 23, in person in the North Creek Board Room, 20125 Arrowhead Road. Residents are invited to attend; full meeting details, the meeting packet and/or participation instructions will be posted online at www.montgomeryvillage.com the week before the meeting.