Financials

Reserve Study Meeting and Document Posted

Financials / By

03/09/2022
The Bella Vista 2022 Reserve Study document has been posted on the Website (bellavistabolingbrook.org) under Documents. If you have problems accessing it, let me know. 
There will be a general  “Reserve Study” meeting on Wednesday March 23 2022 at 7:00 at the clubhouse to provide an overview and answer some questions. 
Please keep in mind that a Reserve Study is strictly an educated projection of future revenues, potential costs and the timing of those costs. One of the purposes of a Reserve Study is to try to avoid special assessments for known expenses over the next 30 years. 
Please compile your questions after reading the Reserve Study. While we will try to answer all questions, please keep in mind that we cannot always predict the future, even though we do try. 

Buyer Capital Contribution Policy

Financials / By

02/22/2022

The HOA has approved a Buyer Capital Contribution Policy to help defer the costs of both the HOA and CSM to register a new resident of Bella Vista. This is to offset the addition time and expense with dealing with the legal documents from the Closing. It also covers the setup of CSM and additional Bella Vista paperwork/key fobs and insurance issues. The document is posted in the documents section of this website.

July Financial Files

Financials / By

Please look under Documents for July Financials Part 1 and Part 2. Next month we hope to combine these two files into one file.

If there are questions, please contact Don Wittmer to make an appointment to discuss the information during a scheduled Finance Committee meeting.