At the December 10th Annual Meeting we voted and approved the budget that included the repair of the irrigation system and added additional money to reserves and at the June meeting we will discuss the most pressing items that our property is facing. See Minutes from the meeting for an explanation of what those are – Minutes from December 11th 2023
| Regular Dues | Assessment Amount | Total |
| $1635 | $0.00 | $ 1635.00 |
| per quarter |
The break down for these dues are as follows:
| Dues | Description | Total |
| $1500.00 | This amount was for the general maintenance and upkeep of the property which includes the repair of the irrigation system | $1500.00 |
| $35.00 | Additional amount to add items to Bright contract | $1535.00 |
| $100.00 | Increased amount to begin to grow Reserves | $1635.00 |
This should provide Waterford with a Reserve amount of $ 223,700.00 – Goal is to keep a Reserve of $500,000.00 with $350,000 in a low risk investment account such as a CD or Money Market Account