Budget & Reserves

Assessments

Assessments are levied pursuant to the annual association budget and are required to be sufficient to cover all known or anticipated expenses for the coming year. They are due on a quarterly basis. Annually, prior to the end of the fiscal year, the board of directors drafts and adopts a budget.


The remedy for failure to pay the assessments is foreclosure, and the association has the power to take title to the unit if the owner does not pay what is due and owed.


In addition to the budgetary assessments, boards have the power to levy special assessments to cover unanticipated or nonrecurring expenses.

Year End Reports

2011  Year End

 

2012 Year End

2013 Year End

2014 Year End

2015 Year End

2016 Year End

2017 Year End

2018 Year End

2019 Year End