Hi Kathy,
Thanks for supplying the new financial data for February, March and April and the YTD data till
sometime in April?
But the $ data published for March & April (where late fees are also given) appear faulty.
Let me explain:
There is a relation between the Current Assessment $ collected (in Account #40050) and the late
fees $ collected (in Account #41210) for the same month’s data, though approximate.
The $ of Account #40050 divided by $500 provides an estimate of the number of lots/units paying
assessments, and each of this number is penalized by a fee (depending on the month) to obtain
the total $ that can be compared to $ shown in Account #41210.
For March data, this is calculated from $17,225 / $500 = 34.5 lots/units roughly ; and the late fee
penalty is $20 per lot/unit for March. The product of these amounts is $689. But the published
amount in Account #41210 is $880.
For April data, $4072 / $500 = 8.1 and 8.1 * $40 (penalty for April payments) gives about $325.
The published amount is $770.
I understand the calculational method cited above is not exact, but a comparison of estimated
late fee $ and the published amounts is not even close.
We can discuss this further if you like. Let me know!
