This is the first in a series of articles planned for the summer to help owners understand how our HOA finances work and the budget challenges we are facing. This edition explains the Operating Fund while the next one will explain the Reserve Fund. Future topics will explain the Board’s options for setting us on a long-term path of financial stability.
We encourage you to read this information carefully and send your questions or comments. We’ll respond to your feedback in later editions of this series. A survey of owners will take place in early fall to get feedback about options to ensure a strong and stable financial future.
Sincerely,
Your Board of Directors
Read the full the article here.