Town Hall Meeting & Summary
Did you go to the Town Hall Meeting in Birch Park last Saturday? Did you read carefully the summary emailed out from Board? Did you understand it? Did you feel the wool being pulled down over your eyes? For the first time (ever?) the Board is disclosing how badly the Association has been managed (by the Boards and the management companies) over many years. The billed Assessments in 2026 totaled $1,388,800 (2480 x $560). The Board estimates only $1,100,381 will be collected! That's 79.2%. Income minus Expenses equals -$47,819 . Except the real shortage is much greater. The Association was paying CAMS close to $500,000 to manage the HOA. How can management expenses be only $150,000? How much will go into Reserves? Anything? The Contribution to Reserves is REQUIRED! Outstanding Delinquent Accounts total $633,658.85. The Boards have been absolutely irresponsible toward Members in letting them reach that level. 843 homes currently have delinquent accounts! That's 34%. It is way past...