Campbell offers four options for paying the quarterly Condo Association Dues

1. Pay the old fashioned way by mailing a paper check with a coupon.
2. ACH – The quarterly amount due will automatically be deducted from your checking account. There is no monthly ACH option, you can only pay the entire amount due every three months.
3. Pay online via your bank. With this option, you can pay monthly or the total amount due.
4. Pay by Credit Card, but there’s a hefty 2.7 per cent fee on the total amount due.

Quarterly Condo Association Fee Increases For 2019

The HPA quarterly fee increase was $47 for all four phases. 
Phases I and III:    No Increase in the quarterly phase amount 
Phase III:  Absorbed $17 of the HPA increase so their total increase is only $30
Phase II:   Quarterly Increase for the phase: $41 
Phase IV:  Quarterly Increase for the phase: $43

Phase Quarterly/Monthly Condo Assoc. Fees for 2019

Budget and HP Financial Responsibilities

• Operating Expenses – A broad range of routine maintenance costs to maintain the safety of the community, to prevent deterioration and to repair and replace on an ongoing basis.  Most of our budgets consist of a listing of operating expenses.
• Reserve Expenses  – major non-routine repair/replacement projects for which money is put aside each year so that the funds are available when they are needed.

• Reserve Study – The art and science of anticipating and preparing for an association’s major repair and replacement expenses.  At HP we hire a state certified Reserve Specialist to predict the lifespan of each phase and master asset, project how much money will be needed to replace the asset, and determine how much money we need to put into our reserve accounts each year to be able to pay for the replacements when their useful life is over.

• Fully Funded Reserves – The Florida Condominium Act is very clear: every association must fully fund reserves unless a vote to waive reserves is obtained.  Fully funded reserves means that the association elects to follow the Reserve Study and put away the exact amount of money that the Reserve Specialist recommended for that year.  The Florida Condominium Act requires the Board to mail out the budget showing reserves as fully funded.

• Partially Funded Reserves – Partially funded reserves means that the association agrees to only put in a portion of the recommended Reserve contribution for that year. The default is a budget with fully funded reserves, but the Florida Condominium Act goes on to say that the unit owners can vote in favor of partially funded reserves if the board gives them that option.

• Master Responsibilities – The HPA master association’s budget has to cover all expenses for common grounds.  This includes the clubhouse, pools, tennis courts and other sports offerings, landscaping, roads, insurance, security guards, etc.

• Phase Responsibilities – Phase budgets have to cover all expenses for the residential structures. For example, In the villas, the roofs are a major expense; in the apartments the elevators and roofs are a major expense.  All phases have painting expenses. The apartments also pay extra for the big garbage bins in each building.  Each phase has its own reserve study, its own budget, and its own maintenance amount.

Budgets at HP – There are five (5) budgets at HP.  The master association has one and each phase has its own.  Every year, the master association’s budget determines how much money each unit owner must contribute to ensure there are enough funds in the master Operating and Reserve accounts.  In 2018 that amount was $775 per quarter per unit, which came to $3,100 per year. In 2019, this amount will go up $47, so the new quarterly payment will be $822.  On an annual basis, the new total is $3,288 per year. That means each unit owner will pay $188 more (per year) to the master association than they did in 2018. 

There are 1,096 units in the community, so the total amount collected by the HPA in 2019 will be $3,603,648.

The master association does not collect money from residents, that is the responsibility of each phase.  The four phases have their own, unique budget.  Every year, the phase determines how much money each unit owner must contribute to ensure there are adequate funds in the phase Operating and Reserve accounts.  The phase dollar amount is added to the master association’s maintenance fee described above.  After the phase collects the aforementioned funds, they distribute a portion of that money, which will be $822 per quarter, to the master association (the HPA).