With summer winding down we should start seeing cooler temperatures which will be a relief to our power bills as well as being outside. With summer coming to an end it also means that there will be an election for four BOD members. Ballots will be going out near the middle to end of September; so look for yours and make sure to return it. There are only four people running for four positions but we need to have a quorum vote to make it official. If not the BOD would appoint people to fill the vacancies. They are all qualified candidates with the intention of making CRCA better. Please return your ballots.
The BOD approved the budget for next year and has not had to raise dues again. We have some of the lowest dues of any HOA here in Tucson with more amenities than other HOA’s. The BOD has been very diligent in how and where monies are spent and has been successful in not having to raise dues and still maintain our amenities to a high standard. While some homeowners have not agreed with some of the cost saving items the BOD has undertaken, it has allowed us to not have to raise dues. With Reserve contributions increasing $10,000 to $15,000 a year, utility costs increasing 6% to 10% a year and vendors requesting increases, there will come a point when dues will have to be raised to cover these increases. The BOD is investigating a few options to possibly increase our revenue stream without increasing dues. We will keep you posted.
Have a safe fall season and we hope to see you at the annual meeting.