✔️FINANCIAL SNAPSHOT Net Operating Surplus: Approximately $120,000 (Favorable variance to budget; final figures subject to December close-out) Expense Variances: Savings primarily in landscaping, repairs & maintenance, on-site personnel, communications, and homeowner activities Delinquencies: Approximately $467,000 outstanding Represents a 15% delinquency rate, up from 11% earlier in the year The Board and Management emphasized the need …
