The Leadership of the HOA Board took $70,000 OUT of the Reserve accounts last year. Almost $17,000 from the Chastain Reserves. $16,100 of Chastain reserves was used for Meyers Landscaping. We are low on several budget lines for fiscal 2025 and will fall thousands short. Many of the purchases are NOT approved by the board, beacuse they are never brought before the board. We are likely going to need a “Special Assessment” to make up the shortfall. That would only get us to a “balanced budget” for this year. Nothing would be added to the reserves. We will need to do another significant increase in HOA dues for fiscal 2026.
- In the spirit of Transparency, we will be providing homeowners documents here for you to view.
