Raise in monthly dues -- Farm People's Opinion Access

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Date Posted: 20:32:38 11/09/02 Sat
Author: Maggie
Subject: Raise in monthly dues

Just wondering if anyone can help shed light on certain issues regarding the raise in monthly dues.

First of all the latest available minutes from July show that a report from treasurer reflected that the association was UNDER budget by $18,000. So I am wondering where this $18,000.00 surplus has been hidden in the proposed budget.

Secondly I am curious as to why, with several maintenance people quitting, there is an alotted (approx.) $27,000.00 per month for maintenance employees. How are these employees paid, how many are there, what do they actually do in regards to maintaining of common areas of The Farm.

And my last question is in regards to the actual format of the Proposed Budget and how it is unclear as to what is a debit or credit, etc. For instance the Escrow Income shows documents and transfer as a debit however, an escrow holder will pay to the association document fees and transfer fees on behalf of buyer and seller at the close of escrow. Also I think it would help that the actual number of assessments (how many lots multiplied by X amount of dollars per month multiplied by 12 months per year) that constitute assessments income.

I want to add that I do give a lot of credit to anyone who serves on an association Board, however they are there for the benefit of residents. I am aware that according to California Statutes and Codes there is a basic format allowed by HOA's as to how they publish the Budget, but I think it would clear up many questions or misunderstandings if a simple debit/credit type accounting be used. It is the hard earned money of residents that is being spent and we have every right to demand more accurate information from our board.

Thank you
Maggie

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