Just a comment from me, the current trustees are not following many of the bylaws/indentures.
The management company has been told to review these with the trustees many times and is falling deaf ears.
The numbers do not add up. Suggest that you do some investigating on your own. If you are concerned, I would suggest that you contact Amy Stokes at Sentry Management to vent those concerns. I am providing you with all of the budget information at the bottom of this post,
Letter from a concerned Meadow Ridge Resident Re the new Budget shown below
Questions about Rec. Budget
Under income you added line 4021, 4036 and 4023, which totals $43,539.96 for the reserve. In the
expenses you do not show $43,539.96 going into the reserve. You show $181,326.96 total income minus
$171,699.00 in expenses leaving $9,627.96.
So if the Rec is not operating at a negative because of line 6300, 6340, 6363 and 6431 totaling
$38,500.00 then why are you using $43,539.96 - $9,627.96 = $33,912.00 of the reserve money to cover
those expenses. line 4036 is wrong, 103 x $71.00 = $7,313.00 not $9888.00.
The reserve fee has gone down from $120.00 to $71.00, how come our assessment fee has not come
down from $400.00 to $359.75 a year? Does anyone know where this extra $40.25 per year times 394
homes $15,858.50 is going? Your assessment should be Rec. $231.00 plus reserve $71.00 equals
$302.00. Homes $55.00 and 5% increase per indentures times $55.00 equals $2.75 for an assessment of
$359.75.
Questions about Home Budget
The budget has issues. $3,000 postage to run an election through the mail instead of calling for a
meeting using the Clubhouse and signs. This violated the indentures and took away homeowners rights
to a meeting to question the candidates while adding an extra expense.
You have a variance of $10,575.28, you cannot carry over next year you have to give that back to the
home owners per the indentures. What happened to the $13,000.00 that was carried over from last
year it is not on the budget or showing it lowering it below $359.75 for this year's assessment?
Now we get an amended budget fixing line 4020 from $98.00 to $57.75, which is right.
Then we get an increase on line 4092 from $302.00, which was right, to $342.25, which is wrong to
cover the overcharge of $40.25 - $400.00 = $359.75. Which is Rec. $231 plus reserve $71 plus homes
$57.75. Then they change the expenses 8040, 8100, 8160 to match income change in line 4020 so there
is not a $10,575.28 variance and that you cannot have per indentures and 0 out line 9685.
We as residents want to know where that criteria is in the indentures or where the 70% of the
signatures are at showing it was filed in St. Charles County for those changes to be made or added! How
can you have (3) consecutive unexcused absences with (2) annual meeting with no quorums? Non
compliance matters check board members, you have one with a sign in the yard and that violates the
indentures.
Good questions for your next Home Board meeting and Rec. meeting on May 17, 2018 at 7pm.
MEADOW RIDGE HOMEOWNERS ASSOCIATION
SENTRY ASSESSMENT NOTICE
Due Date: May 1, 2018
Account Number: XXXXXXXXXXXXXXXXXX
RE: YOUR ADDRESS
COMMUNITY ASSOCIATION MANAGEMENT
ANNUAL HOAASSESSMENT $??????????????????
ANNUAL RECREATION CORPORATION ASSESSMENT $??????????????
7421 MEXICO RD Ste 101
SAINT PETERS MO 63376-1370
(636) 970-1887
10% APR INTEREST IF RECEIVED AFTER 30 DAYS
Information regarding your Association's assessment(s) is set forth above. Please pay your assessment(s) on time to avoid future notices.
This notice is not intended to reflect the current balance on your account.
Sentry Management offers several payment options for association members. You can pay by mail using the payment coupon below.
AUTO PAY, eCheck and credit card payments are available. You can also make payment by toll-free phone call 24/7 to (800) 932-6636.
To learn more about your personal account and payment options, please visit us at www.sentrymgt.com.
Stay UPDATED & INFORMED
Do you know that you can see your personal account and access important information
about your association online? Go to www.sentrymgt.com and click MY ACCOUNT .
MEADOW RIDGE HOMEOWNERS ASSOCIATION
7421 MEXICO RD STE 101
SAINT PETERS MO 63376-1370
All correspondence regarding your unit should be mailed separately to the
attention of the Association at the local office address listed above.
Due Date - May 1, 2018
Please make check payable to:
MEADOW RIDGE HOMEOWNERS ASSOCIATION
PO BOX 105302
ATLANTA GA 30348-5302