Estes Park Mountain Fairways HOA

Oct 1st Assessment Package Formula

EPMFHOA’s  inclusive assessment package has 3 tiers. Those with larger units pay more than those with smaller units. This breakdown will show Small, Medium, and Large units, figured on the living space square footage. The amount the Medium units pay monthly is the total of the of the annual expenses divided by 30 units, then divided by 12 months; the Small units pay $5.00 less per month and the Large units pay $5.00 more than the Medium. The $5.00/month/size unit was an arbitrary dollar amount that was decided upon in 2010.

This dollar amount could be taken on any lone line item or the total expenses/month. It has, in the past, been taken only on the insurance line item. The original idea was to make it fairer for insurance, due to the different sizes of units. Or you can look at it as being overall fairer on the total of expenses due to the different size of units. Either way, it will come out the same.

(8) Small Units (1150-1500 s.f.): 1410, 1422, 1436, 1440, 1446, 1447, 1451, 1452

(12) Medium Units (1500-1700 s.f.): 1438, 1442, 1444, 1445, 1448, 1449, 1450, 1453, 1454, 1455, 1457, 1458

(10) Large Units (2200- 2800 s.f.): 1411, 1421, 1431, 1433, 1434, 1435, 1437, 1441, 1443, 1456

Mar 19th Financials

Thank you for visiting the Financials category. The sub-categories of “Profit & Loss Budget Performance” and ” Year End Balance Sheets” are intended for owners of units in the Estes Park Mountain Fairways Homeowners Association; so you’ll notice that these posts are password protected. If you are an owner, you only need to put the password in once and it will remember you on your computer and you won’t continually need to enter the password.

If you are not an owner and would like to see the financials, you may contact the treasurer to get the most recent financial statement emailed to you.

We are pleased to let the public know that we are in a strong financial position. We have the building insurance covered, reserves for projects, painting, and roofs set aside, as well as adequate operating income.