The facts:
Montoya Association Operating balance breakdown (GSB Checking Acct #7088)
2023 Ending Balance $ 47,364.47
2024 Deposits $430,086.20 HOA fees, Interest, Rebates, Credits
$ 50,000.00 From Reserve Acct. (~15% of our total reserves)
2024 Ending Balance $ 75,155.50
Board Spent in 2024 $502,589.71
This Board spent $100,000 over their budget of $405,200 in 2024
They have budgeted only $35,000 for 2025 General Repairs. Are they over budget already?
Where will any additional monies needed in 2025 come from??
Please attend the boards unit owner briefing and question/answer session on March 24th
and ask questions!!
In lieu of attending you can have us ask questions for you.
Email questions to: