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.
2022 BUDGET FOR ASSESSMENTS
Due January 1:
$260
Landscaping: Cost of mowing, weeding, trimming, mulching, spraying, and clearing trash from Common Areas.
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Flock Safety: New amenity! Cost of annual subscription to Flock Safety still-image license plate reading camera at front entrance.
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Irrigation: Cost of running pond irrigation meters.
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Tax 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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Electricity: Power bill for street lights, entrance, and Clock Tower.
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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, perform compliance checks, prepare closing documents for sales, and perform other management tasks. This also includes the cost of mailing invoices, compliance letters, annual or special meeting announcements, etc. and maintaining the web portal through CMA.