The Association dues assessments are used to fund operating expenses and the Association reserves. Some of the significant operating expenses are landscape maintenance, snow removal, property management, and insurance policies. Reserves are the funds which are set aside for capital improvements and replacement of long lived assets on common areas such as the brick fence, the retaining wall, the entrance monuments, the sprinkler system, and so on.
The amount of our Association’s dues assessments are established by our Covenants.
The Association’s annual budget is approved by the Board of Directors.
The Association maintains insurance policies covering its properties and operations including property, general liability, and director and officer insurance policies.
Financial information is available upon request. Please submit requests to the HOA email address Info@belaireestates.net