Comanche Trace Ranch
 
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Financial Information
 
 
 

FINANCIAL OVERVIEW
 
Comanche Trace Ranch Community Association, Inc. is a financially strong homeowners association with assets of $425,000.  An annual budget is produced, along with year-end CPA prepared financial statements.
 
A Capital Reserve and Replacement fund has been established with a current balance of $119,800.  In October 2008, an outside firm was engaged to determine the adequacy of the fund and the annual contribution to the fund.  The fund was found to be adequate and the Board is contributing annually to the fund in accordance with the firms recommendation.
 
The Association also has a Capital Project fund of $98,000 for improvements to the community, requested and approved by the residents in the future.
 
The Association has balanced its budget annually.  Dues are currently $635 annually.