Annual Expenses
Hoover Crossing HOA Annual Expenses
May 2019 – April 2020
With a total of 377 homes/ lots within the community during 2019, the results of our collection efforts have been very favorable. After several repeated attempts to collect delinquent dues, to date, there remain a total of 13 delinquent accounts; which equates to a 96.6% collection rate. Appropriate liens have been filed against these delinquent HOA members.
Total expenses incurred for this past year were $25,901.09.
The following is a breakdown of actual expenses incurred:
- Landscaping/Lawn Care/Irrigation- $19,322.70
- Electric - AEP - $529.64
- Legal/ Court Expenses - $268.00
- Administrative/ Postage- $811.36
- Annual insurance for the common areas and the association - $1468.00
- Seasonal Decorating - $2050.10
- Water Expense - $768.29
- Website Expenses - $683.00
Total: $25,901.09
Budgeted expenses for May 2020 through April 2021 will mirror actual expenses incurred this past year.