Treasury
Income
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Annual Assessment - 2023, the annual assessment is $174.51 for a lot with home. Vacant lots are $87.26 . By-Laws allow a 3% increase each year.
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Annual Reserve Fund - In 2017 a $40 annual reserve fund assessment was voted in by the Home Association as per RCW 64.34, an association is encouraged to establish a reserve account to fund major maintenance, repair, and replacement of common elements, including limited common elements that will require major maintenance, repair, or replacement within thirty years.
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2023 Total HOA dues are $214.51.
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Late Fees, Fines and Interest - from homeowners late on paying current assessments as well as fines for CCR violations
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General expenses
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landscaping services for the greenbelts and park
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bookkeeping services
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Utilities
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Park amenities
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Insurance
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Upkeep of park and greenbelts
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Reserve study - per RCW 64.34.382A reserve study as described in RCW 64.34.380 is supplemental to the association's operating and maintenance budget. In preparing a reserve study, the association shall estimate the anticipated major maintenance, repair, and replacement costs, whose infrequent and significant nature make them impractical to be included in an annual budget.
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Other expenses ​
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Reserve Fund
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Major maintenance, repair, and replacement of common elements. ​
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Expenses
Expenses