6 hours ago
"WHAT DOES THE FISCAL YEAR MATTER AS TO WHEN ROAD FEES ARE PAID?"
Try to stay calm, HiloJulie. PW is just a chat forum. It isn't life or death.
The fiscal year "matters" as in, it really doesn't to HPPOA. As Leilanidude said, 1,000 owners could wait until March 31st to pay, 4,000 or more could wait. And the thing is, it should not have any affect on HPPOA, because their fiscal year does not begin until July 1st.
However, it does make a difference to HPP Owners, who get their bills in January, see the road fees need to be paid, and might not realize that it's really okay for them to wait until the end of March to pay them. Especially as paying the road fees (currently $435) is tough for some, after the holidays.
Still... Now that I think about it.
From April to July, there is probably a bit of interest that HPPOA will make. Especially using a $3,600,000, figure, which is probably, in reality, less than what HPPOA actually receives in road fees every year.
So... If a lot of HPPOA owners wait until the end of March to pay, HPPOA will lose out in additional interest for those 2 months- money makes money. And perhaps that does matter to HPPOA.
Try to stay calm, HiloJulie. PW is just a chat forum. It isn't life or death.
The fiscal year "matters" as in, it really doesn't to HPPOA. As Leilanidude said, 1,000 owners could wait until March 31st to pay, 4,000 or more could wait. And the thing is, it should not have any affect on HPPOA, because their fiscal year does not begin until July 1st.
However, it does make a difference to HPP Owners, who get their bills in January, see the road fees need to be paid, and might not realize that it's really okay for them to wait until the end of March to pay them. Especially as paying the road fees (currently $435) is tough for some, after the holidays.
Still... Now that I think about it.
From April to July, there is probably a bit of interest that HPPOA will make. Especially using a $3,600,000, figure, which is probably, in reality, less than what HPPOA actually receives in road fees every year.
So... If a lot of HPPOA owners wait until the end of March to pay, HPPOA will lose out in additional interest for those 2 months- money makes money. And perhaps that does matter to HPPOA.