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Chimney Hill reports assessments at 84% and lists accounts receivable of $238,241
Summary
The board reviewed the financial report showing 84% of assessments collected through June 20, 2025, total accounts receivable of $238,241.03 and reserve and operating bank balances listed in the June 20, 2025 report.
Kate Trinklein presented the financial report as of June 20, 2025, telling the board that "assessments are at 84% due to payments" and that collections had increased from 79% the previous year. The report showed total accounts receivable of $238,241.03 and prior delinquent and interest totaling $81,629.18.
The June 20, 2025 financial tables showed operating bank balances totaling $972,905.19 and reserve balances listed at $651,393.06 across several accounts and CDs. Board members discussed that some owners still owe full assessments and will be charged late fees; James Walker said several owners have begun paying and the tax audit process has just begun.
