esrosedotblog

But not boring.

Today was the monthly condo board meeting.

I am the treasurer so get to make a financial report in the beginning. Stage center.

We have a pretty serene HOA. There is little or no conflict between neighboring owners and the quality of life is good.

Part of this is based on the fact that we have kept our association fees down below the average in the Valley.

And we are able to do that because the original developer put together a well designed construction that has endured.

There are some problems. The pools are gradually deteriorating. Inevitable after a certain number of years.

We are probably going to face some very costly paving and other infrastructural needs. We continue to rebuild roofs.

And we have depleted our reserves. This mostly because previous boards were reluctant to raise the annual HOA rates to do necessary work and took the cash out of the reserve fund.

We will be replenishing these funds starting this year with an extra assessment of a few hundred dollars per year and continue until we have built up the "grain in the silo".

Farm talk.

I still enjoy this activity into my second term. I used to want to be Chairman but have happily leaned back and do the money work. We have professional managers who do all the heavy lifting so this is mostly a matter of my keeping tabs and signing the checks. I see all the cash that goes out.

Nice job. Other people's money.

Labels: HOA