By now you have received the association assessment letter for 2011. As you are aware there was an increase in the monthly fee. A few reasons why there was an increase, even though your Board and management always get competitive pricing on all services. Cypress Ridge being a newer community and still growing has little past history of expenses. A budget is an estimate of what the expenses will be and the estimated income to pay for those expenses. Secondly, one of your major amenities (the pool) in 2010 was only open 6 days per week. We are happy to report that in 2011 the pool will be opening 7 days per week and will open two weeks earlier and remain open two weeks later than in 2010. Obviously, a factor of the fees are based on the needs of the community.
Now that there is some history with your budget I am confident that the fees will stabilize in future years.
