Last Updated on 6 months by tresor
It has been a very busy time for me as your Treasurer with the additional task of Paint Assessments tracking. Thank you for your patience and your payments in April!
These units owed dues for April at the end of the month: 7007, 7015, 7020/8018, 7026, 7032, 8016, 8035. This adds up to $2080, which is almost the amount of our payroll for the end of the month. We are very tight on cash flow, it is important to get your payments in by the 15th at the latest.
These two units are in litigation by our HOA Attorney. 7009, 8034. Our HOA attorney reported that there is no movement in the court on 7009, however, 8034 has a court number assigned to it now. The court has asked for an appraisal to determine the value of the unit, this dollar amount will set the beginning auction figure. This will move the process along once the appraisal has been done. It will still be a slow process as the courts do not have much capacity to move quickly.
Fondos (Savings accounts).
Liquidation/Insurance Fondo – Opening balance:$4138.46, deposit $362.80, interest $12.19 ending balance $4513.45.
Muni Fondo – Opening balance:$74,000.47 interest $204.41, ending balance $74,204.88.
Reserve Fondo – Opening balance:$107,619.14 deposit $1500.00, interest $300.40 ending balance $109,419.54.
AyA Fondo — Opening balance:$46.647.94.interest $128.85, ending balance $46,776.79.
Paint Fondo- Opening balance:$9111.20 Deposit- $18,210.00, Interest $63.15 ending balance $27,384.35
General USD checking account — Opening balance: $61,704.08, ending balance $56,372.93. Prepaid HOA dues: $ 36,504.80, not available to be used until monthly dues are applied, leaving an available balance of $19,868.93. Of this $19,868.93, $14,568.00 is paint assessment dollars to be transferred to the Paint Fond.
The APS account available amount is: $2951.25 this account transfers money when the balance is around $5000.
Colonies checking account — Opening balance: 91,126.72 colones; ending balance 11,126.72 (Approximate value $21.86) Unit 7007 is owned by the bank which is the only deposit into this account. We have not received the deposit for April.
See the budget recap attached below for the income and expense breakdowns. Please review so you have knowledge of our expenses on a monthly basis.
Thank you for making your payments in a timely manner! We do need you to keep making payments on time for our cash flow. You receive an invoice statement from the accountant, Ivanhoea@hotmail.com, on/around the 1st of the month and I send your account statement showing the balance on/after the 15th.
Dues are due on the 1st and considered past due on after the 15th, unless you have set up auto pay.
