News Announcements

Ratification of the proposed Board-approved budget will also be on the agenda for the meeting. It is important to note that your Board has worked to keep your monthly HOA dues at a 0% average residential fee increase. Most of the budget is very similar to the prior fiscal year’s budget other than an increase in the maintenance reserve contribution and increases in some contracted services, which are offset by increases in interest revenue and a decrease in the propane, telephone, internet, and sewer expense lines. The increased reserve contribution will allow your Board of Directors and association management team to plan for necessary upcoming maintenance projects. We have also recently updated the reserve study which will assist with more accurate budget planning for larger expenditures on building components that are nearing the end of their useful life. Other adjustments in the budget include using a 5-year average approach in order to rely more heavily on actuals and trends in spending rather than just prior year amounts. Your Board of Directors is asking you to vote YES to ratify this budget.