Cullasaja HOA Annual Meeting Presentation

Excellent financial performance by Member Services departments since 2016 has provided $1.7 million to support key HOA initiatives. Member fee increases have been reduced by an average of $860 annually over the last five years because surplus funds have been allocated as follows:  $600,000 → Repayment broadband construction loan  $600,000 → Capital Replacement Fund – Increased replacement costs  $275,000 → Capital Additions Fund – Maint. Bldg. Addtn./New Capital Purchases  $196,000 → Ravenel Lake Association – Lake Dredging Replacement Reserves adequately funded No special assessments Infrastructure improvements funded Strong financial stewardship

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