Year: 2023

Over the year 2022-2023 we released financial comments on the results and forecast for the complete year at that point in time. The current report indicates not only the results as of the end of October, but it also indicates the potential results for the total fiscal year that ended on October 31, 2023, prior to the auditor review. For the year that runs from November 1, 2022 to October 31, 2023, it indicates that we should achieve a small surplus of
$227.00.

Owners, we forecast, after 9 months of operation, a loss of $12,413.00 and we are working to make sure that we minimize that forecast without negatively impacting the maintenance of our site and its reputation.

This report contains information about the insurance and the special assessment that was caused by the substantial insurance policies cost increase for the current year. Please review your own financial situation and unless there is substantial modification to existing laws in
Florida, insurance costs will simply continue to go up. For our owners that are on fixed retirement income or close to it, it will be a financial nightmare to manage.

This report does contain information about the insurance impact on our results. It integrates the special assessment revenue and a substantial portion of the insurance and related costs paid up to that date, insurance is payable on binding of coverage.