The Association maintains transparent financial records to ensure homeowners understand how assessment funds are collected, budgeted, and used for neighborhood administration.
The Board of Directors prepares and approves an annual operating budget for each calendar year (Texas Property Code §209.0051).
Typical Expenses:
D&O & General Liability Insurance
PO Box
Admin/Misc
Tax/Document Filing
Typical Income Sources:
Annual Assessments (dues)
The Treasurer keeps financial reports summarizing income and expenses.
These are reviewed at board meetings, annual members meetings, and maintained in the Association’s records.
Under Texas Property Code §209.005, all financial records are open to members for inspection and copying.
Owners may request copies by emailing: board@uhpoa.org