What do assessments pay for?

Do you know how your money is spent in a planned community?
Your Homeowner Association is a Non-Profit Corporation.
However, an Association is many time subject to the same expenses as any other business entity.
Here is a brief list of how your annual payment contributes to the community:
  • Grounds keeping maintenance (lawn service) of common area owned by the Association
  • Snow removal - mailbox clearing (optional) 
  • City streets are maintained by the City of CDA
  • Electricity for common area lighting, and irrigation timers
  • Irrigation costs to water your community lawn areas
  • Maintenance & repair of common area irrigation
  • Maintenance & pruning of the common trees
  • Repair & maintenance of the community monuments, perimeter common area fencing
  • Property taxes common land
  • Bookkeeping, administrative costs & tax preparation
  • State taxes for Non-Profit Communities
  • Rules enforcement
  • Community Meetings & Venue reservation
  • Liability & Director's Insurance
  • Collection costs of delinquent dues
  • Contributions to the community's savings account for unexpected/capital expenses
Homeowner dues are an essential part in maintaining your property value. When assessments are not paid, this creates a decline in services and a financial hardship on the Association's ability to maintain the community assets.