Annual Dues!

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FCHOA Webmaster

Sep 27, 2022, 7:01:32 PM9/27/22
Homeowners should have gotten a couple letters in the mail recently.
The first letter was the "Budget" letter that explained that dues were raised to $720 annually and that we were continuing with the $40 administrative fee if you chose to pay your dues in quarterly installments. 

The most recent letter should be the account statement stating the accounts current balance and information about the upcoming payment that is due Oct 1st. This statement is missing some information about paying the annual dues in one lump sum to avoid the $40 administration fee that will be applied.  

Because of some limitations in RealManages billing software, the board has struggled to make this option clear on the statements that are mailed out every year.  This year, RealManage left all the text relating to the administrative fee off the statement.

So, to reiterate, If you pay the full amount of the annual dues ($720) before the end of the grace period, then the $40 administrative fee will NOT be applied (In the RealManage account, it will appear as a $40 credit that IS applied, reversing the administrative fee).

The due date / deadline for the annual lump sum is the same as the first quarterly payment.
The due date is Oct 1st, the grace period ends Oct 31st.  There are no exceptions to this. If the payment is not received by the 31st, the board will not consider waiving the administrative fee.

If the account has a balance due from the prior year on Oct. 1, 2022, any payment will be applied to unpaid dues on the account first. Any remaining funds from the payment are then applied to the FY2023 dues.  If this results in a payment of less than the full $720 annual dues for FY2023, then the owner will automatically be placed on the quarterly payment plan with the $40 administrative fee applied. 
The subsequent quarterly payments must be paid on time, or there will be additional fines and fees each time a monthly late notice is sent out.  Make sure you understand you account status when making your payment.

Payments can be made directly on the Resident Portal with your bank account for no fee.
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