FINANCIAL RESPONSIBILITY

As homeowners, we have made a significant investment in our community. I believe the Board has a responsibility to be good stewards of our money and to make financial decisions with both our current needs and our long-term future in mind.

 

OUR COMMUNITY HAS MADE A SIGNIFICANT FINANCIAL COMMITMENT

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In November 2025, the Medley at Southshore Bay HOA completed the purchase of the clubhouse for $8.55 million. The purchase and related costs were financed with an $11 million loan. That loan is being repaid through assessments to the homeowners.

 

The purchase represents a significant long-term financial commitment for our community. I believe homeowners deserve clear information about the costs associated with that commitment and how those costs affect our overall financial position.

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UNDERSTANDING WHERE OUR MONEY GOES

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HOA dues and assessments pay for much more than day-to-day operations. They support our amenities, maintenance, contracts, insurance, reserves, staffing, and other obligations of the association.

 

I believe major expenditures should be carefully evaluated and clearly communicated to homeowners. We should understand what we're spending, why we're spending it, what we expect to accomplish, and how it affects our future financial obligations.

 

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RESERVES & LONG-TERM PLANNING

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Good financial management isn't just about having enough money today. It's also about planning for the expenses we know are coming in the future.

 

Adequate reserves are important because major repairs and replacements can be expensive. I believe the Board should regularly review our reserve position and long-term obligations and make sure we're planning ahead rather than waiting until a major expense becomes an emergency.

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GETTING VALUE FOR OUR MONEY

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Being financially responsible doesn't simply mean spending less. Sometimes spending money is necessary to maintain our community, protect our investment, or provide the services and amenities residents expect.

 

At the same time, I believe we should regularly evaluate contracts, projects, and other major expenses to make sure we're receiving good value for the money our homeowners contribute.

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MY APPROACH

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I don't believe a Board member should make financial decisions based simply on whether something is popular or unpopular. We should look at the facts, ask questions, understand the alternatives, and consider both the immediate and long-term consequences.

 

My goal is to help make sure our community remains financially strong while providing the quality of services and amenities our residents expect.