Sienna Hills Master Assessments

Monthly Assessments

HOA Monthly Assessments per Unit
Year	2006	2007	2008	2009	2010	April 2011	2012 (forecasted)
Cost per Unit	$4.00	$4.00	$4.00	$4.00	$5.25	$10.00	$10.00

Where does your assessment go? Here is where last years' money went:

2010 Actual Expenses
Accounting/Tax Returns	$270
Insurance	$2,511
Legal Fees	$357
License Renewals	$10
Office Supplies	$31
Utilties	$3,260
Entrance Repairs	$517
Landscape Maintenance	$16,717
Weed Removal	$6,498
Total Expenses	$30,171

2011 Forecasted Revenue
Neighborhood	Units	Monthly Assessment	Annual Assessment
Parcel 1-Copperleaf	74	$740	$8,880
Parcel 11-Sienna Heights	64	$640	$7,680
Parcel 15b-Garden Homes	24	$240	$2,880
Parcel 12b-the Villas	72	$720	$8,640
Total			$28,080
Less expected non-payment from Dry Canyon Homes			-$6,480
Less anticipated non-payment from delinquent home-owners			-$360
Total Expenses			$21,240

Dry Canyon Homes (the developer of the Villas) has not paid their required assessment since April 2009. Although liens have been filed on their vacant lots, it is expected that their non-payment will continue. We are also expecting that approximately 3 Sienna Hills homeowners throughout the year will not pay their dues. Based on these assumptions, the Association should gross approximately $21,240 during the calendar year 2011. Expenses for 2011 are expected to be over $30,000. SITLA anticipates paying the 2011expected shortage.