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Home>>Master>>Monthly Assessments	Monthly Assessments HOA Monthly Assessments per Unit Year 2006 2007 2008 2009 2010 April 2011 2012 2013 (forecasted) Cost per Unit $4.00 $4.00 $4.00 $4.00 $5.25 $10.00 $10.00 $10.00 Where does your assessment go? Here is how the money was spent for the last 2 years, with a 2012 forecast: Actual Expenses Expense Account 2010 2011 2012 (forecast) Accounting/Tax $270 $685 $699 Insurance $2,511 $2,555 $2,606 Legal Fees $357 $284 $290 License Renewals $10 $10 $10 Office Supplies $31 - - Utilties $3,260 $3,707 $3,781 Entrance Repairs $517 - - Landscape Maintenance $16,717 $14,147 $14,430 Weed Removal $6,498 $0 $1,400 Reserve Study - $600 $500 Collection Exp. - $331 $337 Total Expenses $30,171 $22,319 $24,053 Scroll down below to see 2011 actual revenue and 2012 forecasted revenue.
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2303 N. Coral Canyon Blvd Suite 100-A, Washington, UT 84780	Last Updated: Mar 2012

*Potential Revenue shows what the HOA would collect if 100% the assessments were received. 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 also continue to deal with late accounts and homeowners going into bankruptcy. Therefore, we expect to generate only $18,858 for the calendar year 2012 although expenses should be approximately $24,000. Fortunately, we have enough in the account to cover this expected loss.