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
-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
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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