Upcoming Board of Directors Election
To members of the Villages at Aviano Community
The Villages at Aviano Board of Directors currently has three members. The term of one member expires in April, a short two months from now! Replacement requires an election.
Keep in mind (View April 8, 2021 Board Meeting minutes here) the Board actually consists of five members, but two seats remain unfilled. These seats should also be filled at election time!
POVAR recognizes that the Board has legitimately been increased from three to five members. Each position on the Board of Directors, President, Vice-President, Treasurer and Secretary, should be held by a different person. The “at-large” member could take on several other important roles, including as a liaison with committees (remember those?). We strongly support the need for a Finance committee, an Architectural Review Committee and a Landscape Committee. With the wonderful social events taking place we could add a Social Committee. This would involve community members in decision making and increase collaboration and create a collegial atmosphere.
Please give thoughtful consideration to nominations for these positions. Usually, people are recruited to run for Boards based on their skill set, reputation for high ethical standards and interpersonal skills. We have so many fine folks to choose from in this community!!
- In 2019 The Villages of Aviano paid to have an independent auditor perform a reserve study
- The results of the reserve study reflected reserves were 50.7% funded
- 50.7% funded is a status of FAIR, with a medium special assessment risk (p. 4 of Reserve Study)
- The Board of Directors at the time of the study implemented the recommendation of the study and increased the RESERVE portion of the HOA fees
We Believe
- The reserves being 50.7% funded is not ideal but NOT cause for drastic changes (IE: transferring responsibilities of garage doors to individual owners).
- The increases to reserve contributions indicated by the Reserve Study are sufficient and will consistently increase our % funded, obtaining 72.4% by 2029 and moving us into a LOW risk for special assessment (see chart to left).
- The increase in dues as suggested by the Reserve Study is an increase to the reserve portion only. See graphic to the right for increase impact to total HOA dues. See excel file for full 30 years analysis.
- The increase in dues as suggested by the Reserve Study is an increase to the reserve portion only. See graphic below for increase impact to total HOA dues. See excel file for full 30 years analysis.
Facts about your HOA fee
Your monthly HOA fee consists of several components, i.e., water, garbage, sewer AND reserve contribution. In 2020, the reserve contribution was $19,281, or $49.19 per unit. With the $15 increase per unit, the reserve contribution portion of your monthly fee increased by $9.49 per unit to $58.68, thereby building the reserve gradually to the 70% level recommended in the Reserve Study. Below you can see how the balance increases with an increase to the reserve portion of dues. The only reason a large dues increase would become necessary is if spending is unchecked, budgets aren’t adhered to and community needs are not prioritized.
Please see the spreadsheet that shows how dues would increase with implementation of the increase in reserve contribution here.
Please see the spreadsheet that shows how dues would increase with implementation of the increase in reserve contribution here.
POVAR believes that the current board is not accurately interpreting the Reserve Study and the recommendations therein, nor what the former Board of Directors has already done to address the goal of improving our reserves. The plan that was recommended has been implemented.
The recommended increase to reserve contribution is from $19,281 in 2020 to $23,000 in 2021, an increase of $3719 total, or $9.49 per unit (2020 Reserve Study, Page 1).
Mission
Our mission is to analyze data and information about our community and present our analysis to you in a straight forward, easy to understand way.
Vision
We envision a community with leaders that represent all of our residents and are dedicated to protecting the resources for our neighborhood.
why we care
- We care
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