Finances
Sunday, February 05, 2012 
 

The finances of VillageWalk are managed by the Property Manager, Southwest Property Management, and the Board of Directors of the Home Owners' Association. 

As is typical in the homebuilding industry, the 2010 VillageWalk of Bonita Springs budget has been prepared as if the complex were completely finished.  Homeowners are charged their share of the budget;  this calculation is based on the total number of units built and to be built.  Divosta Homes pays the balance of the costs incurred.  In some cases, Divosta Homes is paying major expenses (such as approximately 45% of the Town Center's costs); in other cases, because the complex is not finished, the costs incurred are below the budget amount (such as landscaping); Divosta's share is reduced.

While the buget is approved by Divosta Homes through the Board of Directors, there is a Finance Committee (comprised of homeowners with financial credentials) to provide advice and commentary to the Property Manager and the Board of Directors.

 

 

The 2008 financial statements are availabe as a PDF document.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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