Budget

Talaverde Homeowners Association Budget

(News Update 11/15/07): The 2008 BUDGET for our Homeowner's Association was sent to our membership on Nov 14th.  There will be an increase of $6.50 in the monthly HOA dues (bringing them to a total of $51.50).  This increase was due to a number of items such as increased cost of utilities (water and electric), an audit that is due this year, and an increase in the amount of reserves that we are required by law to fund (result of the new RESERVE STUDY).  This increase in dues is the first ever since the inception of our community association over four years ago.  This budget will become officially adopted after ratification during the November 29th meeting (see the Calendar section for details) unless the required number of homeowner's revoke it (at the meeting).

(News Update 11/11/07): The Board of Directors decided on a proposed budget for 2008 on November 7, 2007.  This budget will be sent to the homeowners shortly.  A budget ratification meeting will also be scheduled later in November. 

(News Update 10/8/06): July - August 2006 Financial Report:

The Board of Directors voted to add $3,000 to the Talaverde Reserve Account.  They also voted to move $12,000 from the Operating Account surplus into a Capital Project Account.

The 2007 proposed budget was mailed to homeowners and a budget ratification meeting will be held on November 15, 2006 at 7:00 PM at the Willows Community Center.

Talaverde 2007 Proposed Budget & Reserve Study Info

(News Update 6/3/06): January - April 2006 Financial Report:

Talaverde income from all sources was $51 over expenses incurred for the same period.  $51 is not a great deal of money, but it does represent tangible evidence that we are living within our income.

Through April, expenses were under budget by $359.  The budget adopted for 2006 was very tight.  Every effort will be made by your Board of Directors to remain within budgetary projections.

Reserves are in line with recommended requirements.  After deducting liabilities and reserves, Talaverde has equity of over $31,000!

(News Update 4/17/06): Your Board of Directors is pleased to report that for each of the first two months of 2006, we have income exceeding expenses, even after funding our Reserve requirements.  Talaverde's net income for January was $489 and for February was $1,402.  Talaverde's equity remains very positive at $28,666.

The Board of Directors approved a budget for the 2006 fiscal year that will be submitted for approval to the homeowners during the January 17, 2006 meeting.  Details of this budget can be seen in the link below.

Talaverde 2006 Proposed Budget

This Page Was Last Modified: 11/14/07