What do assessments pay for?
Do you know how your money is spent in a planned community?
Your Homeowner Association is a Non-Profit Corporation.
However, an Association is many time subject to the same expenses as any other business entity.
Here is a brief list of how your annual payment contributes to the community:
Your Homeowner Association is a Non-Profit Corporation.
However, an Association is many time subject to the same expenses as any other business entity.
Here is a brief list of how your annual payment contributes to the community:
- Grounds keeping maintenance (lawn service) of common area owned by the Association
- Snow removal - mailbox clearing (optional)
- City streets are maintained by the City of CDA
- Electricity for common area lighting, and irrigation timers
- Irrigation costs to water your community lawn areas
- Maintenance & repair of common area irrigation
- Maintenance & pruning of the common trees
- Repair & maintenance of the community monuments, perimeter common area fencing
- Property taxes common land
- Bookkeeping, administrative costs & tax preparation
- State taxes for Non-Profit Communities
- Rules enforcement
- Community Meetings & Venue reservation
- Liability & Director's Insurance
- Collection costs of delinquent dues
- Contributions to the community's savings account for unexpected/capital expenses