✉ by John Marus, SMVE HOA Treasurer
Phone:
The 3rd quarter financial review indicates we are on target with the 2015 budget versus actuals. Expenses for the North recreational area are at 87% with 3 months left. However the expenses in the South recreational area are currently at 56% and will offset overage of the North area by end of year. Common areas are currently at 69% and expenses for the club house are at 69%. General expenses have reached only 55%. When reviewing the Total Expenses for the first 9 months of 2015, we are currently at 79%. I do not foresee any “surprise” expenses and envision coming in at or under budget. With continued prudent financial management by the board, we look forward to achieving a balanced budget in 2015.
As a reminder, notice of dues will arrive shortly and are owed by 1/1/2016. The majority of homeowners continue to pay early or on time. This is greatly appreciated as tracking down unpaid dues unnecessarily consumes Board time. Late fees will be assessed for dues delivered after 1/15/2016.