As we are entering the time of the year when the annual budget preparation will shortly begin, here are some interesting stats on Mallory Creek and how it operates. Mallory’s annual operating and reserve budge totals 2 million dollars.
All 581 homeowners share equally the common area expenses which include:
- Abacoa POA Dues
- Accounting & Legal Fees
- Annual Mulch
- Bulk Cable & Internet
- Clubhouse / Gym Maintenance & Repairs
- Common Area Insurance
- Fertilization & Weed Control
- General Maintenance – Common Areas
- Irrigation Maintenance & Repairs
- Janitorial
- Landscape Maintenance & Replacement
- Management
- Pool Maintenance & Repairs
- Pressure Cleaning – Sidewalks, Alleyways, Amenities
- Tree Trimming
- Utilities – Electric, Water & Sewer, Backflow Testing, IQ Water
The operating budget is then separated into single family and townhome sections for:
- Landscape Maintenance & Replacement
- Fertilization & Weed Control
- Annual Mulch
- Irrigation Repairs
There are also two reserve accounts:
- Common Pooled Reserve – for the replacement of an asset, such as a pool heater, a piece of gym equipment, pool furniture, etc.
- Painting Reserve – for the exterior painting of all homes in Mallory Creek every 7-8 years.