Key financial indicators for our HOA have been released by the Bridge Pointe Board of Directors without commentary. Questions are welcomed and more details will follow. It does appear that a reserve target of at least $20,000 is achievable by year-end 2016.
JUN JUL AUG
Total Dues Revenue collected CYTD: $64,316.00 – $64,316.00 – $64,638.00
Other Revenue CYTD: $1,925.18 – $1,932.16 – $1,958.52
Total Operating Expense CYTD: $27,362.30 – $28,133.60 – $33,255.93
Memo: Pool Expense CYTD: $16,787.80 – $16,787.80 – $19,424.07
CYTD Percent Budget Spent: 54% 55% 64%
Cash on hand at month end: $27,523.29 – $26,755.65 – $21,978.28
Cash Reserve Fund (not included in Cash on Hand): $20,040.52 – $20,043.84 – $20,047.24
Number of homeowners with unpaid 2016 Dues: 3 2 2
Outstanding amount of unpaid dues: $1,023.96 – $689.08 – $695.52