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.

 

The Year End Disclosure Statements include the Notice of Assessments and Foreclosure, Assessment Collection Policy, Insurance Disclosures, and Imposition of Sanctions. The annual package also includes summary information about the Architectural Specifications and Procedures. The full version is available for download from this website or by request to our management company. Finally, the form for direct deposit of homeowner's dues is provided.