As you may all be aware, the end of the year requires us to have 2 different
Board meetings, which we do back-to-back on a Monday night. This involves
normal Board business, ratifying a new budget, and electing one of the 3 board
positions.
You'll be getting notification of those meetings soon as well as a copy of the
proposed budget, but we wanted to take a moment to take note of what's likely
to happen.
Both the expenses and Reserve contribution to the Reserve are very strongly
influenced by the sky high inflation we're experiencing right now. That means
that this year's increase in the monthly assessment will probably be one of the
highest we've ever had to do.
At the moment, it looks like it will go up to /at least/ *$291/mo* per unit
/but it could be even more than this. /This is not something the Board can
control. It's simple arithmetic and economic reality.
We encourage people to attend the Board meetings later this month for a full
discussion of this, so you can all understand why this is necessary.
