Financial Report, Fiscal Year Ended June 30, 2024

Las Huacas directors and steering committee are pleased to provide a financial update for the year ended June 30, 2024.

Homeowner participation 10-year trend
2015 to 2024

The table shows the number of homeowners who paid annual fees.

We received 64 Road and 62 Security Fund contributions.

(Includes 2 extra payments for Road fund and 2 payments for Security fund after the monthly statement closure.)

Financial overview for the year ended June 30, 2024

Road highlights and report for fiscal year ended June 30, 2024

64 (including 38 exempt homeowners to Save the Road fund) of 83 owners paid into the Road fund.

Fees received totaled $20,146

We spent $31,197 (including $3.343 overhead)

Construction impact fees - emergency and capital reserve

Just 2 owners with homes under construction have paid into the Emergency/Impact fund. We hope the other 6 owners with homes under construction will be paying soon to help protect our road.

Security highlights for fiscal year ended June 30, 2024

62 of 83 owners supported the Security fund

Over the last fiscal year, we raised $75,282

We spent a total of $80,100 (including $3,341 overhead)

Fees for the new fiscal year, starting July 1, 2024

Road and Security fees will remain the same this coming year. We will continue with the road fees based on a distance-based methodology. We have four road fee categories below. The Security fee for all homeowners is $1,350.

Fee summary for the year ahead:

Bottom hill: (lower E section) Road $300 + Security $1,350 = $1,650
Lower hill: (middle E section) Road $600 + Security $1,350 = $1,950
Middle hill: (F, upper E & up to EE11) Road $900 + Security $1,350 = $2,250
Upper hill: (near and above the T) Road $1,250 + Security $1,350 = $2,600

NEW! We will be providing LHCA paying members with identification for our guards to aid in surveillance. You will receive a reflective sticker for your car(s) and quads. Paying members of LHCA will also receive a sign for their properties—our guards will deliver them and help you install it.

We need payment for Fiscal Year 2025 as soon as possible to continue security and finish

road maintenance. You will all receive an invoice on July 15. When we receive Road funds, they will go towards drainage infrastructure before the heavy rains commence. Your support is crucial in protecting our investment in the newly asphalted road and adding the much-needed lastre to the unpaved section of the main road. Without your support, we just can’t do this.

Transfers are easy! Here is our BCR bank account number.

IBAN CR71015201001048309979

Please indicate your name and lot number in “reason/motivo” field.

Thank you, neighbors - acknowledging those who supported LHCA in fiscal year 2023-2024

Special thank you to the 64 homeowners who supported LHCA fiscal year 2023-2024!