06-12-2014, 05:37 AM
The administration percentage seems high because the road fee is relatively low and the percentage of people who pay is running around 65% or so (don't quote me on that, but I think that's in the ballpark...)
The budget is online so you can see where the money goes - a big chunk goes for accounting and legal expenses, printing and postage, a part-time contractor to do all the record keeping and minutes, etc. A lot of these expenses are legally required of a non-profit entity, and not something that can be done by volunteers (evben if they had a surplus of volunteers, which they don't...)
The Association pays for insurance that covers Board members doing their Board duties as well as insurance that covers Association members (those who are current in their road maintenance fees) for any actions taken against them as co-owners of the separate TMK that encompasses all Orchidland Roads.
To paraphrase Jay-Z, "I got 99 problems with the Board, but the budget ain't one..."
The budget is online so you can see where the money goes - a big chunk goes for accounting and legal expenses, printing and postage, a part-time contractor to do all the record keeping and minutes, etc. A lot of these expenses are legally required of a non-profit entity, and not something that can be done by volunteers (evben if they had a surplus of volunteers, which they don't...)
The Association pays for insurance that covers Board members doing their Board duties as well as insurance that covers Association members (those who are current in their road maintenance fees) for any actions taken against them as co-owners of the separate TMK that encompasses all Orchidland Roads.
To paraphrase Jay-Z, "I got 99 problems with the Board, but the budget ain't one..."