The good news is that through April (three/quarters through our fiscal year) we project that we will end the year with a slight surplus. Thus our budget for next year (8/1/16 – 7/31/17) will remain the same, and there will be no need for any increases to our HOA fee.
We haven’t yet heard what the premium will be for earthquake insurance, but we do not anticipate any increases and are keeping our fingers crossed that it may even be reduced. We believe our Reserve Fund is adequate; we will have an on-site inspection in relation to our annual Reserve Study in the fall when all of the officers will have returned. Please let me know if you have any questions.
— Rosanne Kumins
(Please see the printed newsletter mailed to homeowners for board members’ phone numbers and email addresses.)