There has not been an answer to Andrea's question regarding $900,000 assessment for last year and the virtually the same maintenance fees for this. Was there another $900,000 assessed this year? NO!! Bob Dein has followed up and others must have the same question, so I will try to explain. According to President's letters of August 2006 and September 7, 2007 there was not a $900M assessment. It was $305,000 for the wall. The balance needed came from Katrina hurricane insurance ($320,000), and an operating surplus for 2005/06.

A quick look at the budget for 2007/08 shows increased operating expenses over the previous year of $304,071, an increase in reserves, capital expenditures and other items budgeted at an additional $290,000 and these are all offset by a budgeted gain in revenue of $13,600. This is an increase of 580,000 accounting for an increase in maintenance fees of $33 for golfing members and $42 less for non-golfers. This is kind of sketchy, but may help Andrea, Bob and others.

Ward Shaw