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?
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