Should this expense really be a Special Assessment instead of regular dues?
From article,”Sometimes, circumstances demand that the HOA increase dues quite significantly (more than the amount required for general cost increases) or levy high assessments. This might happen, for example, if the HOA does not have sufficient funds in reserve to pay for a common area repair.”
And, “Sometimes, circumstances demand that the HOA increase dues quite significantly (more than the amount required for general cost increases) or levy high assessments. This might happen, for example, if the HOA does not have sufficient funds in reserve to pay for a common area repair.”
Was this part of operating, annual budget, or a one time expense?