Looking at the income expense report from June 2020 the HOA has money in the bank of over $123,000.00. I ran the numbers above for a 12 month period and found we take in more from the dues than the expenses add up to. I only ran the numbers because I heard that someone suggested raising the dues again.
I really don’t see the need for raising the dues again so soon.
I know that the HOA is having the pool repaired at a cost of I think $28,000.00, but that is good for another 10 years at least.
I support repairing the pool, it and the clubhouse is a center piece for luring new home owners to Stardust.
I believe there is a person that has more than 100 lots in the development and does not have to pay any dues whether the lot has a home on it or not.
If that’s true then it’s a place where the new board could work out a new deal without raising the dues on those in the development that is on a limited income.
I don’t know if this person requires the renter to pay the dues. I did talk to one that does not pay dues
Sunday Aug 30, 2020
On other news since the weather was nice I went out to the north side of my garage and cleaned the green off before I get a letter from the HOA.
Income/Expense Report 2020
Category Expense Income
Total Deposits Paying DUES
DUES Payers 350 220 For the year $ 77,000.00
Total Income $ 77,000.00
Town of Cloverdale 1288 15456
Duke Energy 300 3600
Endeavor 156 1872
Lake Treatments 3000 250 3000
Ava Buis Pay 223 2676
Ava Buis Pay 260 3120
Ava Buis Pay 230 2760
***** Work-Mowing Times 6 199 1194
***** Work-Mowing Times 6 270 1620
***** Work-Mowing Times 6 204.9 1229.4
***** Work-Mowing Times 6 231 1386
***** Work-Mowing Times 6 247 1482
***** Work-Mowing Times 6 150 900
***** Work-Mowing Times 6 323 1938
Game Time misc. 687
VISA Charge Card 562 6744
Trash 76 912
Supplies and Carpet Cleaning 100 1200
Misc 250 3000
Expense Total 5319.9 $51776.4 For the year
Income Less Expenses $ 25,223.60
****** Since we don't mow or weed cut in the winter
So at the end of the year we should have $25,000.00 left