At the last meeting of the HOA board, the directors discussed raising dues. The discussion was the preliminary discussions to the 2016 budget. The talks were brief and really concentrated on how much the HOA could raise the dues at one time. The Board can raise the dues as much as $52 from the current $520 a year dues to $572.
My question is why do we need to raise our dues? In the past the HOA has presented the community that with the current dues of $520, the HOA has $5,000 surplus that the HOA can move to the Reserves and still has a $9,000 surplus remaining for "capital improvements". http://home.earthlink.net/~vocc2/2013_HOA_Assessment.htm
The HOA dues are based on our operating budget. Our Major expenses for every year is approximately $32,000 in Landscaping, $30,000 in pool services, $7,600 in contract and $3,600 in "administrative fees" for the management company.
Our community has not changed other than the new path, so why is the board needing more funds to maintain the community? The Green space has not changed, the Pool has not changed, and the manager has not changed. Why do we need over $12,000 more in revenue? (242 Homes * $50 = $12,100)
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