Must dues be increased?

The reality for the HOA is that dues must be increased. Why did the Board "blink" again for this year (2025)?

Dues have not gone up for at least seven years. The Annual Assessment has been $510.00 since at least 2018.

When expenses go up, but dues do not increase, how do those increasing expenses get paid?

Every dollar of Income is budgeted. But money is being re-allocated. Important line-items are being short-changed. Why is that happening? To keep from increasing dues.

I moved into The Summit in 2018. That year the amount budgeted for Reserves was

2018 $118,907 ($51.03/home)

2019 $133,987

2020 $163,965

2021 $146,155

2022 $91,610

2023 $39,677

2024 $0

2025 $3,000 ($1.21/home)

Putting only $3,000 in the budget for Reserves means that much more of the Assessments is being spent on Expenses. Is it fiscally responsible to fail to fund Reserves.

Funding Reserves is required. (CC&Rs, Art. X, §2, ¶1 Computatoin of Base Assessment and §6 Reserve Budget and Capital Contribution.

The (non-existent) Budget sub-committee and the Finance Committee are supposed to make reasonable estimates, according to the PRM (Art. III, §C, ¶4(e) "The Annual Budget is to reflect historical and projected income and expenses" and (Art. III, §C, ¶4(g) "All budgets should be conservative and should anticipate growth and rate changes."

The budget process is supposed to include a "wide cross-section of community members". PRM (Art. III, §C, ¶4(c). Does it? Did it? It doesn't say "Finance Committee members only" or "Members only" or "homeowners only". It doesn't say "no non-homeowner Residents."

Homeowners should demand that the HOA be fiscally responsible.

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