The attached letter was written Nick Nolte, Stormwater Utility Manager for the Town of Wake Forest, regarding the Town’s decision to return to individual property owner billing for stormwater utility fees. - Shelley Welch, Villas Board Chair
The purpose of this message is to show to the residents the current financial condition of Villas. The Board reviews the finances monthly and does its best to ensure adherence to the budget. The Villas of Wake Forest finances are healthy. Cash and Liquidity: The operating cash account balance as of 9/30/26 is $—,—-. The balance …
