HOA Bad Debt

On January 1, 2026 the Annual Assessment of the Association increased $50 to $560.00, payable in two installments of $280.00.

Two thousand four hundred eighty (2,480) property owners were billed for a total of $694,400. 

How many of them have paid?

How many have NOT paid?

What portion of the $694,400 has not been received by the Association? Amounts unpaid on February 1st were past-due and began incurring penalties and interest.

Does the Board even know? Will the Treasurer report on July 7?

How is the new Collection Policy of the Association working out? In fact, WHAT is the new Collection Policy (announced 5/5/2026)?

Members deserve to be informed. It's not a secret. Assessments are a financial obligation of homeowners (Members). Assessments should be paid on-time and in full.

The July 1st Assessment (second half) has been billed. What amount does the Association reasonably expect to collect?

It appears that the Board never approved the 2026 Proposed Budget, which is posted on the HOA's website as "Proposed Budget". If it did, on what date did it do so? Why is there no record in Minutes of a Regular Board Meeting?

Of each semi-annual Assessment, $45,540 ($91081/2) is budgeted as a Contribution to Reserves (Line 8000). How and when is it transferred to Reserves? Or will it be?

How does Bad Debt Expense (Line 5020) affect Operations? Only $35,000 is budgeted for Bad Debt Expense. Is that enough? 

According to the 12/31/2025 Financial Operating Results, only $15.82 was received as Bad Debt Recovery (Line 4011). Is this correct???

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