First, a note on the installation of the gates. Prior to the gates, when we had greeters we were spending approximately $34,000 per month for security, mostly labor. With pending increases in the minimum wage this was destined to increase dramatically over the next few years. Now, 1 1/2 years after the gates were installed , the spend rate is running about $17,000 per month!
As promised, our HOA Treasurer has provided some interesting data on how your HOA fees are spent. The following are the biggest YTD expenditures (through October) per household , including the money spent for golf course related items.
Topic Amount Expended ( Rough Amount per household This year to date)
Stonegate (Security) $314,620 586 homes Roughly $541
Associa (Management) $162,641 Roughly $278
Procida (Landscape) $212,186 Roughly $365
Legal (total Non-Golf)* $47,005 Roughly $96
Legal (Golf related) * $8,959 Roughly $15
Total golf course related (2019) ** $55,942 Roughly $95
Delinquencies*** $214,867 Roughly $368
* The legal expenditures are the expenditures we have incurred since January 1.
**The total golf course related includes the legal expenses of $8,959 and the cost of retained experts on the subject.
** * This year to cover for the deadbeats that are delinquent
Hopefully, you will find the above of interest.
