Membership Assessment Increase Necessary for 2019
Your RomeRock Association Board of Directors takes seriously the responsibility of prudent management of our beautiful lake and community. The financial challenge of maintaining our assets, keeping our roadways safe and in good repair as well as providing safe and clean amenities that all homeowners can enjoy is not an easy task. Each year expenses increase and we try very hard to find a way to manage that increase without passing it on to the members. There has not been a permanent increase in our annual assessments since 2012. During that time period the cost of living has increased 11.5%.
While preparing our 2019 budget, it was determined that it is necessary to raise our assessments by 10%. For the average homeowner, this means an increase of approximately $70 a year or $5.33 per month. This was formally approved at the December 2018 Board Meeting and your 2019 statement will reflect the new amount.
We will continue to exercise strong fiscal management and this year’s focus will be on ensuring all members pay their fair share. Any delinquent accounts will be addressed as soon as they become past due.
We thank you for your shared commitment to our lake community. We are confident you understand the need for this action. Please feel free to join us at our monthly board meetings and stay current with all the Association activities.