How is the amount of dues or assessment determined?
The Valle Escondido budget is established each year by the Board of Directors. This budget is set based on projected costs for operational expenses each year. The operating committees establish proposed budgets in the fall of each year based on their projected needs for the upcoming year. The Executive committee and the Board review these budgets based on historic records, stated need and the overall affordability of the compiled budget. In this assessment, the Board sets aside 10% of annual dues, any assessments, as well as all joining and transfer fees, and dedicates these funds for capital projects and not operational costs. The annual dues are determined based on this budgeting process and the revised budget is approved by the Board of Directors each year. The budget and budget status is reviewed at each Board meeting and all homeowner meetings. A five year plan is maintained for both operational and capital projects to provide longer term visibility into the Valle Escondido budget
