B&F

Q. How much can the HOA fee increase?

Our governing legal document Declaration of Covenants, Conditions, and Restrictions allows the HOA fees to increase up to 10% per year without a community vote.

Q. Who manages our investments?

The Investment sub-committee of Budget & Finance makes investment recommendations to the board. These are primarily low risk Certificates of Deposits that are laddered in due dates. The Investment sub-committee recommends purchase of these CD’s from banks with the highest rate of interest and keeps the CD’s below the FDIC limit. Our investment policy is Appendix B in the Terms of Reference.

Q. Do we have a Reserve fund?

Yes, we have a fully funded Reserve fund.