The budget is set upon specific guidelines for utilities, landscaping, administration, etc. Reserve funds are monies set aside for future expenses due to the life expectancy of certain items: lighting, sidewalks, fencing, water feature etc. These amounts are then divided by the number of units in the Association, 720 Lots. The budget is developed by the Board of Directors and then submitted to the management company to follow. The assessments are adjusted periodically if necessary, to meet anticipated expenses.
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