WHERE DOES MY MONEY GO?
An annual budget is to be made at least 30 days before the calendar year begins. The total sum is split equally between all owners’ lots within the Association. Every owner must pay in order to maintain the integrity of the Association. The budget is an estimation of what will be spent in the calendar year ahead.
2023 BUDGET FOR ASSESSMENTS
Due January 1:
$273
Landscaping: Cost of mowing, weeding, trimming, mulching, spraying, and clearing trash from Common Areas.
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Meetings: Cost to book the annual meeting location, the management staff, etc.
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Irrigation: Cost of running pond irrigation meters.
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Taxes Prep: Accounting fees for preparing and filing annual taxes.
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Property Taxes: Common Area taxes paid to Jefferson County.
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Insurance: General Liability + Directors & Officers Insurance.
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Legal: Attorney fees to remedy delinquencies, advise the Board, and resolve potential conflicts.
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Street Maintenance: General maintenance and repair of private Parc Way, Roundabout, and Crossing.
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Pond & Common Area Maintenance: General maintenance and repairs of front ponds and other Common Areas.
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Electricity: Power bill for entrance and street lights.
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Management: This includes the cost of being managed by professionals who answer homeowner questions, advise the Board, keep track of finances and taxes, prepare closing documents for sales, check compliance, and perform other management tasks as well as track architectural forms, access to NHM web portal, and the cost management charges for mailing and postage.
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