Some Owners have queried the increase in Community fees payable after receiving their latest bill in the last day or so. Below is an explanation as to how the increase has been calculated.
Community Fee Payments are due on 1st January and 1st July each year
The full year budget is set at the AGM (usually in March)
The payment made in January is always based on the previous years budget (current year not yet approved at the AGM)
The payment made in July is based on the new budget as agreed at the AGM
The July payment includes the full half year (July to December) and the increase for the first half of the year (January to June)
The discounts are included, where appropriate, in all payments.
Thanks
Playa Bastian Board