RVRA podcast

May 5, 2026 - Roger, President of the Retirement Village Residents Association (RVRA), speaks with Treasurer, John Rosewarne, about one of the most important issues for retirement village residents: the annual village budget.

The annual village budget sets out the expected operating costs of the village for the coming financial year and forms the basis for the recurrent charges residents are asked to pay. Residents, usually through their residents’ committee or finance subcommittee, have an important role in reviewing the proposed budget, asking questions, seeking clarification about expenses, and, where required, voting on proposed increases.

John explains how retirement village budgets are prepared, why residents are asked to contribute to the operating costs of the village, and what role residents’ committees and finance subcommittees can play in reviewing and questioning proposed expenditure. The discussion also covers CPI, recurrent charges, when residents are required to vote on a budget increase, and what happens if a budget is not approved.  

This episode is particularly relevant for residents, residents’ committees, finance subcommittees and anyone wanting to better understand their rights and responsibilities during the annual budget process.