Reserve Study
Reserve Health
Our reserves are at 57% of the recommended level ($887k on hand vs $1.55M needed). This means we're in a fair position, but not fully funded.
What this means: Think of reserves like a savings account for big repairs. We have about half of what experts recommend, so we may need special assessments for major projects.
Your Monthly Dues
per month goes to reserves
In 2024, about $53.53 per month from each home went into long-term reserves to protect the community from large special assessments.
The 2025 budget shows $0 allocated to reserves while we need $77k annually. This could worsen our funding deficit.
Next 5 Years
Top priorities include street repairs, community painting, and fencing/wall replacements.
What this means: These are major expenses coming up that your reserves help pay for. Without adequate reserves, these could become special assessments.
Risk Areas
Multiple components are critically underfunded: Mailboxes (0%), Tot Lot (5%), and Fencing (8%). These may require special assessments.
What this means: Red and yellow items don't have enough money saved for future repairs. When they need fixing, you might get a special bill.
Monthly Dues Breakdown
Your $346/month dues primarily fund landscaping (21%), water/sewer (11%), and insurance (9%). Note: 2025 shows $0 for reserves.
What this means: This shows where your monthly HOA dues go. Most pays for day-to-day operations like maintaining the landscape and paying insurance.