Northwood of Pasco Homeowners, Inc. Approved Budget

We hope this information is useful and invite you to direct any questions about the budgeting process to the Treasurer or the Board of Directors. You may request copies of the HOA Annual Budget by contacting CAMS at (813) 874-2200.

Typically the budget is developed over a 2-3 month time period, where the board meets and puts together ideas and plans for the upcoming budget year. This process concludes with a public hearing, where resident input is taken into consideration prior to the budget being adopted. The Budget is then adopted by a majority vote and payment coupons for the HOA assessment are mailed directly to each homeowner who in turn have until January 15th to make payment without being assessed any late fees. Likewise, the CDD Budget is also adopted by a majority vote of the board, and assessments are sent to the tax collector based on the figures from the adopted budget.

The financials in the district are audited once a year. Currently the audit company is Grau and Associates.

CDD budget, one of the most common complaints the board hears is that homeowners CDD Tax keeps rising each year out of control. Below is the history of CDD fees for the past three years. As can be seen, last years CDD fees in fact decreased from the previous year.