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It is that time of year again where we introduce our budget for next year. The Board members have been working hard to be fiscally responsible and balance costs during a time of historic inflation. Just like the cost of many goods and services have seen increases, so too have our Cluster expenses. You may recall that in last year’s budget announcement we planned for an increase in cluster dues in 2023 from $375/quarter to $400/quarter. Unfortunately, our costs have increased at a rate even higher than that planned increase. However, the Board is sensitive to the fact that an increase in Cluster dues would only add to the already long list of other things that have gone up in price. With that in mind, the Board has decided to suspend an increase in Cluster dues this year. That cost difference does need to be made up somewhere though. So instead of raising Cluster fees next year, we will use some built up owner’s equity to make of the difference. While we cannot do this every year and an eventual increase is inevitable, we hope that this will give at least a slight break on your budgets. The Board of Directors approved the operating budget for the Association’s 2023 fiscal year, which commences on January 1, 2023. Attached is a copy of the Associations budget summary for your reference. Effective January 1, 2023 the quarterly general assessment fee will remain at $375 per home, per quarter. You will be receiving your new 2023 payment coupon booklet in the mail. If you currently take advantage of the Direct Debit program offered by CMC, you will not receive a new coupon book; however, the new assessment will be deducted from your checking account on the third business day of the month beginning in January. If you would like to take advantage of the Direct Debit program, please contact CMC’s Customer Service Department at 703-631-7200. Funding for the repair and replacement (R&R) reserves is guided by a Reserve Study. The Association is required by law to obtain this study every five years. The Board of Directors, along with a Certified Reserve Specialist and association management (CMC) reviewed and updated the Reserve Study in March 2021. Reserve Contributions for the 2023 included in the assessments are $32,400. A copy of this letter and the budget have been posted on Town Square and mailed to all homeowners. 
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