On July 30th, the HOA Board will be meeting to reviews the upcoming new budget proposal submitted by the Finance Committee.
Listed below are some of the highlights of the budget increases as recommended by
the Finance Committee:
- Dues increase of from $665 to $710 per month, with approximately $24 going to pay for
the new Spectrum Contract ( a 7.5% increase)
- Golf Membership from 312.50 to $318.75 per month, the first increase in 2 years
(an increase of 2% )
- Transponder fee from $25 to $50
(an 100% increase)
- Annual Rental fee for short and long term rentals increase from $100 to $500 per year
(a 400% increase)
- No mention of the $313,000 from the the Paycheck Protection Program (PPP) funds that
was transferred from Management Trust to the HOA.
For the last 18 months the HOA President has assured us that that belt tightening during
the pandemic has left our community in great financial shape.
If that is true, then why has the finance committee proposed excessive increases instead
of continuing with the belt tightening measures that were successful in past 18 months?
Do you believe that we are receiving less and less services for our HOA dues? Some homeowners are being told by the HOA that there are no longer funds available for removal/replacement of dead plants and some plants are being starved due to reductions in watering to save money. The HOA has already recommended that homeowners should update their aging sprinkler systems. We are being told by the board that in spite of the pandemic we are not facing any financial issues.
We would like to hear from homeowners to see if this is an isolated issue or becoming a general pattern.
This blog is designed as a means to provide transparency and informative access to the policies and protocols of the Desert Princess Palm Springs Homeowners Association, the governance of the HOA Board of Directors and the management of the community’s assets by The Management Trust. The expressed intent is to establish a neighborhood hub for trusted connections and the exchange of helpful information, goods, and services; it is hoped that homeowners will use it to build a stronger and safer Desert Princess Palm Springs.
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