A special Board Meeting is scheduled for tomorrow at 11am (August 9th), in the Masters Lounge, to discuss the Tree management. This will be an opportunity for all homeowners to discuss this topic and any other topics of concern. If you are on the property please attend in person and if you are not present attend by Zoom.
Reasons to attend:
Please attend !!! For those who have not received notification of this meeting the following link can be used to attend this meeting Join Zoom Meeting https://us02web.zoom.us/j/81443326618?pwd=S0JIZVkwVStISENDZTRzalVGR3JvUT09 Meeting ID: 814 4332 6618 Passcode: 837570 Dial by your location 1 669 900 6833 US 1 408 638 0968 US 1 669 444 9171 US 1 253 215 8782 US 1 346 248 7799 US 1 386 347 5053 US 1 564 217 2000 US 1 646 876 9923 US 1 646 931 3860 US 1 301 715 8592 US 1 312 626 6799 US 1 647 558 0588 Canada 1 778 907 2071 Canada 1 780 666 0144 Canada 1 204 272 7920 Canada 1 438 809 7799 Canada 1 587 328 1099 Canada 1 647 374 4685 Canada
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AT ITS JULY 29, 2022 MEETING, THE DESERT PRINCESS HOA BOARD OF DIRECTORS
APPROVED (BY A 5-2 VOTE) THE FINAL BUDGET FOR FISCAL YEAR 2022-2023 WHICH BEGINS ON OCTOBER 1, 2022. THE APPROVED BUDGET CALLS FOR AN INCREASE IN THE MONTHLY ASSESSMENT OF $38 FOR EACH DP UNIT, RESULTING IN A TOTAL MONTHLY ASSESSMENT OF $748. THE TOTAL INCREASE AMOUNTS TO $456 ANNUALLY FOR EACH UNIT OR A TOTAL OF $549,936 FOR THE 1206 UNITS IN DP. MEANWHILE THE BOARD TREASURER IS PROJECTING A SURPLUS OF $800,000 TO $900,000 IN OPERATING FUNDS AT THE END OF THIS FISCAL YEAR (SEPTEMBER 30, 2022). -WHY IS THE BOARD HOLDING BACK HUNDREDS OF THOUSANDS OF DOLLARS AS “PLAY MONEY” INSTEAD OF USING THE SURPLUS TO OFFSET SOME OR ALL OF THE $38 PER MONTH INCREASE? -WHY WAS THE $15 MILLION BUDGET APPROVED ON THE BASIS OF THE TREASURER’S ORAL RECOMMENDATION WITH NO FINAL PROPOSED DOCUMENT AVAILABLE FOR REVIEW BY BOARD MEMBERS PRIOR TO THE VOTE? -IS THE REAL PURPOSE OF WITHHOLDING THE $800,000-$900,000 SURPLUS TO FINANCE THE BOARD’S SPECIAL “VANITY” PROJECTS OUTSIDE OF THE BUDGET? THE HOA IS OBLIGATED TO PROVIDE A SUMMARY OF THE BUDGET IN THE ANNUAL MAILING IN AUGUST. EACH HOMEOWNER SHOULD REQUEST A COMPLETE COPY OF THE BUDGET FROM THE HOA TO DETERMINE WHERE YOUR MONEY IS ACTUALLY GOING. AS A MEMBER OF THE ASSOCIATION, YOU HAVE A RIGHT TO KNOW. THE BLOG WOULD YOUR THOUGHTS |
CharterThis 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. PLEDGE
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January 2024
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