CURRENT & HISTORICAL DUES
Just splitting out the high-level components of the monthly mandatory membership dues and listing out “headline” total dues historically by year is interesting, showing a bottom-line increase of around 50% since 2015, with annual increases far outpacing inflation.
However, what is encouraging is that the annual growth rate in dues has been trending downwards in recent years: compare the 5 year compound annual growth rate of nearly 6% versus the 3 year rate of 2%, or the fact that total dues actually decreased slightly between 2020 and 2021 (as previous debt service payments “sunset”).
It would be nice to attribute these improvements to the actions of our HOA Board (Quivira Inc.), but alas, the reality is somewhat more complex: it has taken significant community pressure to get Quivira Inc. to take actions such as replacing the General Manager, addressing unacceptable commercial performance, managing expenses to be in line with revenues, and ensuring robust, realistic, pragmatic, and sensible budgeting, that have led to this current situation, and it is unlikely they would have done this “of their own volition”.
In other words, it’s taken a real “fight”.
Let’s hope the need to “fight” this hard is over. My personal hope is that Quivira Inc. no longer assumes that they are “entitled” to dues increases of 3% to 5% annually (without an expectation there will be significant “push-back”), and that any proposed increases are accompanied with solid logic and well thought through and communicated rationale and justification (not something that we can say has been true in the past).
Furthermore, I think we are now at an interesting inflection point: full country club membership, significant operating surpluses (in the hundreds of thousands a year) , and (despite failing to get the membership to agree to a 59% increase in monthly contributions) a healthy capital reserve, raise the question as to whether any increases in dues can be justified for 2022.
Only time will tell – watch this space.
(1) Total dues calculations exclude additional (mandatory and optional) yearly “one-off” charges and levies such as vehicle registration(s), guest sticker(s), watercraft sticker(s), cart fee(s), boat registration(s), community club membership fees (e.g. Yacht Club, Fishing Club, Investment Club, etc.), ACH fee(s), Lake Preservation fee(s) etc.
(2) Numbers for 2013 thru 2021 Monthly Total dues reflect the December dues statements of the previous year: e.g. 2013 Monthly Total dues reflect the December 2012 dues statement
(3) Numbers for the 2013 thru 2021 Yearly Total dues are the Monthly Total dues for that year, multiplied by 12
(4) The 2020 Monthly Total dues number includes the dues increases agreed in both November 2019 and March 2020.
(5) The 2020 Yearly Total dues number reflects a full year of the dues increases agreed in November 2019, and nine months of the dues increases passed in March 2020
(6) For the purposes of this analysis, the $37.50 monthly fee for Community Center operating expenses passed in November 2019 has been split out from the Homeowners Dues classification. This fee is not split out on monthly statements and is rolled into the total of Homeowners Dues that are billed monthly.