2012 Annual Maintenance Fee Breakdown

Our most popular question from homeowners concerning the break-down of Maintenance Fee funds:

How much of my Maintenance Fee goes to pay property taxes?

The short answer is $27.85.  The more detailed answer is explained here:

To determine the individual expense item amounts per customer, we use the following method:

The first column (below) indicates the actual expense amount budgeted for the year 2012 (see the year 2012 Budget).

The second column is an adjusted amount that reflects sources other than Annual Maintenance Fee for income (condo rentals, social memberships, timeshare sales, etc.).  The dollar amount on the budget of funds from non-maintenance fee income is about $23,300.  This is calculated as a percentile of the items in the first column (.9314%) and shown in the second column, "Adjusted Expense".  The total of the second column of $317,588 is the amount to be generated from year 2012 Annual Maintenance Fees only.  When this total is divided by the number of active homeowner weeks owned (471), the result is our per owner assessed fee of $674.  

Likewise, in the third column, each expense item is divided by the number of homeowner weeks owned to show the per owner dollar break-down of the $674 total.