The Board of Directors has finalized a proposed budget for the 2017 fiscal year. A copy of the budget will be mailed to all unit owners within the coming week, and a Budget Ratification Meeting is scheduled at the CVCA Clubhouse for Tuesday evening, November 29, 2016 at 7:00 p.m. All unit owners are invited to attend.
Note that unless 33 or more units are represented at the meeting, the budget will be automatically ratified, as our by-laws mandate that at least 50% of the units be represented at the meeting in order for a ratification vote to take place. If fewer units are represented, the budget is automatically ratified.
The proposed budget includes a fee increase of $10 per month for the coming year, raising the monthly assessment to $170 effective January 1, 2017. The rising cost of goods and services forces this increase. The following table and pie chart summarize the proposed budget: