Treasurer’s Report

One of the roles of the treasurer in concert with the Villages Board of Directors and our property manager is to maintain the health of the association's finances. A significant portion of the finances is the reserve fund needed to maintain our streets, sidewalks, retaining walls, lighting and other common area features. Another portion is the yearly operating budget, which covers routine maintenance, such as landscaping and snow removal. Both of these are funded by your monthly homeowner association fee. 

The association's cash is conservatively invested in federally insured certificates of deposit with staggered maturity dates. This practice allows us to earn higher rates of return as interest rates fluctuate.

All owners should know that the association is not responsible for items specific to an individual owner’s property. Examples include, but are not limited to driveways, exteriors (masonry, paint, roofs, windows and screens, step railings and wooden fences behind and between between homes). Please reference the Design Review Committee Guidelines for homeowner responsibilities.

Our management company, Comsource Management Inc., aggressively pursues collection of past due association fees and provides to the board detailed financial reports on a monthly basis. If you would like more information about the Villages finances, contact the property manager.

Please remember that your community is your responsibility. Vote in board elections, and volunteer for a committee. Our community is truly a jewel. Let’s all work together to keep it that way!

Rahul Samson