Widewater Homeowners Association

 Amount Due: $100.00 by February 28, 2023

Homeowners:

Annual dues for 2023 will be due at the end of February. Please remember that all common properties within the subdivision that must be maintained are financed 100% through the collection of annual dues. As outlined in the annual budget provided to all homeowners prior to our annual fall meeting property taxes, liability insurance, lawn care for the entrance and lake, administration expenses for mailings and filings, utilities, general maintenance and lake maintenance are all paid for out of these dues.

All homeowners owning property in the Widewater Subdivision are required to pay the annual assessed dues* per the declared covenants and the Georgia Property Owners’ Association Act. A copy of the covenants is available on our website at http://widewaterhoa.com. Please mail payments to the address on the Contact Us page.

Please feel free to contact any board member with questions or concerns. We look forward to speaking with you and meeting our new homeowners.

Best,

President: John Cook    

Vice-President:  James McCurdy  

Treasurer: Larry Burns  

Secretary: Amy Brown  

 
*When a property account balance falls $500.00 in arrears, a lien will be issued against the property to protect the financial interests of all members–see WWHOA Covenants Article V Section 1.

2023 Estimated Final Account Balances

Emergency Operations Fund as of 9/30/23 – $10,024.31

Emergency Lake Fund as of 9/30/23           – $8,021.15

Checking as of 9/30/23                                – $15,038.80 (Est. EOY Balance) 12,838.80

Total Estimated Assets 12/31/23

$33,084.61

2024 Annual Dues Amount @ $100.00 per property

2024 Projected Annual Dues Revenue    $9,500.00*

2024 Estimated Lien Recovery                $2,000.00

                                                     Total   $11,500.00

2024 Projected Operating Expenses

1) Property Taxes 100.00

2) Association Insurance 1100.00

3) State Corporation Dues 50.00

4) Mailbox Rental 300.00

5) Utilities 400.00

6) Website 150.00

7) Entrance & Lake Landscape Services including pine straw 9,500.00

8) Miscellaneous Operating Expenses** 2200.00

9) Administrative 400.00***

Total Estimated 2024 Operating Expense 14,200.00

* Based on Annual Assessed dues of $100.00 dollars at 65% recoveryof 147 properties. Collections as of 9/30/23 for 2023 are 102 of 147 = 69% paid.

** Lake Path maintenance, tree trimming and removal, pressure washing of highlight fences and street signs, etc.

***Office supplies, costs of annual newsletter/dues notice, filing/releasing of liens, etc.