Hidden Valley Association – Meriden, CT

The Board has finalized a proposed budget for the 2014 fiscal year beginning April 1st.  This budget is based on the estimated operating costs of the Association and a detailed reserve study.  The new assessment based on these costs is $176 per quarter per house, or a 10% increase.  The Board strove to control costs to limit this increase while still preparing for improvements needed in the future.  Please review the posted presentation explaining the budget and reserve study creation on the financial page.  This budget will be presented at the February 12 Board meeting at Platt High School at 7pm.  It will then be subject to an Association vote at the March 12 Board meeting requiring a majority to reject it.