Financial Reports Approved
At the January Board meeting, the Board approved the final 2021 financial reports. They will be posted on TownSq shortly and are available for download here: Las Mañanitas HOA 2021 Financials.
The main cost overrun was on utilities. Utilities as a group are our largest expense category. Last year we spent over $270k USD on common area utilities, $105k of which was propane used to heat the pools. Last winter was unseasonably cold and propane was more expensive than normal, and the cost overrun was $40k on propane. (Utilities as a group were $36k over budget.)
The Board is requesting that Associa reformat the reports for 2022 to subtotal the detailed expense accounts into categories that align with the 2022 Plan, namely:
- Insurance & Professional Fees
- Community Management