New homeowner. 144 single family residences in a central Florida gated community. No pool or anything really other than the front and back gates and a simple park with one swingset.
The annual meeting is coming up. I plan to attend. Based on past evidence there won't be many others attending aside from board members. Dues are increasing by 25%. Some of my neighbors think the board members might somehow be profiting off the proposed budget and while I have no idea whether that is true I do see some areas of concern.
Questions as follows:
Is it common practice for the HOA to budget a fee to the management company AND a separate expense for postage when presumably the management company handles the mailings?
It appears the GL premium is increasing nearly 300% to almost $10,000 annual. Is that to be expected for some reason?
I've read how reserves are often based on a percentage of depreciation of common areas, which we have very few of as described above. Does it make sense that reserves should be increased from $45k to over $66k in a single year?
Is it proper to request evidence of bills for things like electricity and landscaping?
Should the budget contain seperate line items for grounds maintenance, mulch, and landscaping enhancement? That seems overlapping.
Edit: thank you! In a short amount of time I've been set straight. Very much appreciative of all the responses!