We love to see the change.... the bank account not so much. Below is the end of the year financial report for 2023. Please remember that a lot of the Southwood Maintenance was due to repairing the wall from the car crashes. (Insurance covered 3/4). This will also give you a good idea of why dues increased. Last year we spent $8,240.00 on yard/snow maintenance and this year, due to complaints, we spent $20,733.75.
We just sent out 2024 dues and this is how we are looking as of February 1st. We have 479 home in our little neighborhood!
The "Other" section includes people who have made payments already but didn't include the raise in dues. Members who had late charges but chose not to pay them. Those do not go away :) Members who have had credits from previous years but now have a balance.