2015 Budget Approved: Quarterly assessment payments to be re-aligned

Dear Neighbors,

I’d like to thank all those that voted on the 2015 Budget.  It passed on a vote of 13 in favor and 6 opposed.  It passed both by a majority of votes in favor and a lack of a majority of the total Association members opposing it.  This budget shall provide for the 2015 operating costs and continue to fund our reserves for future required capital improvements.  The new quarterly assessment amount will be $194.
The Board also voted to re-align the quarterly assessment payment schedules of all homes to occur on 4/1, 7/1, 10/1, and 1/1.  Currently, approximately 1/3 of homes pay in each month of a quarter.  By re-aligning all homes to pay on the same date, we will reduce the level of effort required to operate the Association and make budgeting and payment tracking more accurate. In the coming weeks, you will receive more detailed information.  However, please feel free to contact the board with any comments or concerns.
Thank you,
Steve Tommell
President
Hidden Valley Association, Inc.

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