What Do My Monthly Dues Pay For?
Here is a breakdown of where your $162 monthly dues go.
Here is a key;
Category (Dollars) – Description
Administrative Expense ($1.41) – Bank charges, coupon Costs, dues and subscriptions, office supplies, records storage, other administrative services.
Communications ($2.82) – Community events, printing and copying, postage, newsletter services, website.
Custodial Expense ($7.95) – Common area clean up, dumpster area clean up, other misc. clean up.
Insurance ($19.89) – Clubhouse, common area, errors and omissions for Board members, liability.
Utilities ($8.80) – Clubhouse utilities, street lights, trash and recycling service.
Landscaping ($18.13) – Chemical/fertilization of lawns, mowing and edging, mulch, seeding, tree maintenance.
Contracted Services ($14.00) – Fire prevention and protection, safety and security, snow removal services.
Repair and Maintenance ($43.08) – Building repair and maintenance, Clubhouse repair and maintenance, common area maintenance, pest control, roof repair and maintenance, sidewalk/concrete repair and maintenance.
Professional Services ($29.79) – Audit and tax service, legal services/collections, property management fees.
Property Taxes ($1.65) – Property taxes on clubhouse, Wildwood owned property.
Reserve Funding ($14.48) – Funds set aside by the homeowner association to pay for the replacement or repair of community property. Reserves are intended to prevent the need for special assessments.
The numbers above are based on the Wildwood Budget for 2016. A budget is an estimate of income and expenditure for a set period of time based on past results and future anticipated income and expenses. Once a year, usually during September/October, the Board puts together the budget for the following year. The budget numbers/data/information is deemed reliable but not guaranteed. Due to circumstances beyond the Boards control, the numbers might need to be adjusted.
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