Each year, the Budget Committee reviews the annual fiscal needs of Bluff City Inc. and prepares a draft budget for consideration by the Board of Directors. The Board reviews the proposal from the Budget Committee and adopts the proposal as presented or following modifications made by the Board. The adopted budget is provided to homeowners with the annual disclosure statements required by law. This is done not less than 30, nor more than 90 days before the start of the new fiscal year (Davis-Stirling Act Section 1365).  The fiscal year for Bluff City, Inc. is January 1 through December 31.

 

In addition to these two documents, the Year End Disclosure Statements include the Notice of Assessments and Foreclosure, Assessment Collection Policy, Insurance Disclosures, and Imposition of Sanctions. Finally, the annual package also includes the current version of the Architectural Procedures and Specifications, and the form for direct deposit of homeowner's dues.

 

Also provided are full insurance coverage documents for the HOA insurance provided through the Russo Insurance Agency.