The HOA, Finance Committee and Board are focusing on ways to reduce expenses in order to support the coming years budget. Generating additional revenue is the other half of the solution to keep us in budget and avoid additional assessments and dues increases. As owners in DPCC we offer a wealth of knowledge and experience.
What ideas do you have to generate additional revenues for DPCC?
We’ve come through a lot in 2020 here at the Desert Princess. The Board and The Management Trust has responded to the unexpected consequences brought about by the COVID-19 pandemic. To their credit they have significantly reduced overhead and applied effective and stringent cash management actions.
But now, the new fiscal year is upon us. No longer can we rely upon an annual cash infusion from returning snowbirds to resolve operating deficits. How do we move forward? The Board has warned us that the dues increase and the golf cart registration fees may not be enough.
The business of the Desert Princess continues…and with it the pain of under funding. How do we get from pain to gain? How do we replace this lost revenue? Is subsidizing by the homeowners the only answer? We, the homeowners, need to know what the future of Desert Princess will be as we leave this pandemic era. Will there be a new future or is this our new normal? We all can have a hand in shaping our new future.
We welcome your comments and thoughts.
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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