"Over the past few years, we have been assessed a total of $3,700 per ‘home’, not including the latest (2023) assessment. Assuming we have 365 homes in the community, these assessments have totaled $1,350,500. In looking at the Crofton/Kenrick monthly financial reports over the time span of 2019 thru 2022, it appears that roughly another $729,000 has been taken from operating budgets and put into the maintenance reserve bucket. In total, a bit over $2,000,000.
While the monthly income/expense reporting provides good information on day-to-day operational expenses (eg. salaries, utilities, admin fees, insurance), we have never seen any detailed reporting on how the $2,000,000 in reserves were spent.
Is there a chance that we will ever see some sort of accounting on how that money was used? And, given we are now being required to pay another $1,700 per home this year, how will you insure we have a reasonable understanding of how these funds are being spent?”
Dave
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