News Articles
WHERE DOES THE MONEY GO?
Posted on Nov 23rd, 2010
2011
- No dues increase in budget, but topic will be evaluated
- Actual water usage anticipated to be the same as last year
- Waterfall imporvements, reforestation, Country Walk island electrical, beautification, astronomical timers and security will largest budget considerations
- Remaining discretionary income, if any, will be applied to improvements
- No cash balance carryover from 2010 is anticipated
- Aging trees, irrigation system and electrical issues will remain a challenge.
- Operating cash reserve will be maintained at $40,000.
Comment By: Dennis Bengtson
Posted on Nov 23, 2010
This financial summary report is a good addition to the web site content. Thanks for "holding the line" on dues for 2011, Steve. The severity and duration of our current economic condition mandates no immediate dues increases even if services must be curtailed. Should the Master Board choose to exercise their perogative of a unilateral increase up to 10%, I suggest you have a very strong justification case ready to deliver to any or all HOA members.