Financial & Budget Reports

Financial and Budget Reports, Reserve Studies

Rainbow in a lavender sky. Photo by Barbara Brooner.
Rainbow in a lavender sky. Photo by Barbara Brooner.

Five major categories of association financial information can be found here: Yearly Budget, Monthly Financial Reports, Reserve Studies, Financial Reviews and Audits, and Fire Trust Fund Summary Records.

Older reports are retained in the official files of the Sunland Div 17 HOA; owners can contact the board secretary to arrange a time to access them.

Yearly operating budgets

The association’s budget year is the same as the calendar year (January through December). The board adopts a recommended budget as part of a regular Board meeting, and submits the budget for membership ratification as part of the annual membership meeting.

Monthly Financial Status Reports

Each month, the Board Treasurer reconciles actual income and expenditures against what was budgeted, providing the association with a year-to-date assessment of financial health. These are kept for the current year and the six preceding years.

2026

2025

2024

2023

2022

2021

2020

2019

2018

Reserve Studies

Washington state law requires homeowner associations to conduct annual “Reserve Studies,” which calculate projected major expenses for the upcoming 30-year period and assess how well the association appears to be saving (setting aside “Reserves”) towards those major expenses. Reserve Funds are not technically required; however, the study serves as both a long-range planning tool for the association and an indicator of the potential need for Special Assessments in the future, when major expenditures are likely to occur.  The study must be conducted by an outside specialist every third year, and updates are performed “in-house” for the two intervening years.

Financial Reviews & Audits

By law, the association membership, at each annual meeting, votes whether they would like to have a full Audit conducted on the outgoing year, or if a less extensive Financial Review is sufficient.  The reviews are conducted during the following summer, with a report available to the membership by the next annual meeting; the reports are also posted here.

Front yard Deer

Front yard deer

♜ Historical ♜

Fire Trust Fund Summary Reports

Note: this fund was closed in August 2020.

As the insured party, the Association received and disbursed the insurance settlement for restoring the fire-damaged units at 191 and 201 Cascadia Loop; these reports summarize the status of those funds.

2020

2019

2018

2017

This is the financial information provided to owners during the period of Declarant control, i.e., before the HOA was turned over to the owners at the end of 2012.

Financial reports, developer control

Past Budgets

Estimated Operating Budget 2013
Estimated Operating Budget 2012
Estimated Operating Budget 2011
Estimated Operating Budget 2010
Estimated Operating Budget 2009

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