"Try to stay calm, HiloJulie. PW is just a chat forum. It isn't life or death."
Julie is as calm as a cucumber. It does get frustrating when asking a person who begs to be asked a question and then when asked a question, refuses, obfuscates, confuses, dances, denies, skirts and in every fashion simply does not answer the question.
"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."
I am assuming, but doesn't the statement or invoice for the road fees clearly indicate when it is due? Or is this a top-secret nefarious act of an illegal BOD and only you know the real due date?
"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"
Outside of this being a good business decision, the amount of interest that would be earned is negligible to the overall operations of HPPOA. What a really good question to know the answer to, is what is the overall "Day Sales Outstanding" number. In other words, how many days from the date of the invoice sent to each resident for road fees until the date the cash is received, expressed in total number of days is. Also, of the total amount invoiced, how much is paid BEFORE or on the due date and then how much is paid AFTER the due date and then how long after the due date.
"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."
While your point of the interest earning potential from April 1 to June 30 has some, albeit miniscule merit, the amount of interest that could be earned from the date the invoices for road fees went out until March 31 is even more minuscule, as I can't image a significant amount of HPP residents paying their road fees much sooner than March 15th at the earliest. Of those who do, well, then, they should be OK with any possible interest HPPOA could earn anyway.
And in the end, I trust the HPP residents to do what's right - with their pocketbook and their relationship with HPPOA.
Julie is as calm as a cucumber. It does get frustrating when asking a person who begs to be asked a question and then when asked a question, refuses, obfuscates, confuses, dances, denies, skirts and in every fashion simply does not answer the question.
"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."
I am assuming, but doesn't the statement or invoice for the road fees clearly indicate when it is due? Or is this a top-secret nefarious act of an illegal BOD and only you know the real due date?
"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"
Outside of this being a good business decision, the amount of interest that would be earned is negligible to the overall operations of HPPOA. What a really good question to know the answer to, is what is the overall "Day Sales Outstanding" number. In other words, how many days from the date of the invoice sent to each resident for road fees until the date the cash is received, expressed in total number of days is. Also, of the total amount invoiced, how much is paid BEFORE or on the due date and then how much is paid AFTER the due date and then how long after the due date.
"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."
While your point of the interest earning potential from April 1 to June 30 has some, albeit miniscule merit, the amount of interest that could be earned from the date the invoices for road fees went out until March 31 is even more minuscule, as I can't image a significant amount of HPP residents paying their road fees much sooner than March 15th at the earliest. Of those who do, well, then, they should be OK with any possible interest HPPOA could earn anyway.
And in the end, I trust the HPP residents to do what's right - with their pocketbook and their relationship with HPPOA.
"Make Orwell Fiction Again"