By Bryan Skelly, former PMCPOA Board member (2017-2020), and Finn Myggen, former chair PMCPOA Budget & Finance Committee; four-year member Governing Documents and two-year member of PMCPOA Planning Committee

This year, the Pine Mountain Club Property Owners Association management is building a $1,000,000 pool and has already allocated $509,261 to architect Gwynne Pugh as of November 21, 2020, to draw up technical plans for a multimillion dollar remodel of the PMCPOA clubhouse.

Overcharging Homeowners Adds Up

All this money came from overcharging the members in prior years. We were told by Chairman Bill Lewis II that there would not be a special assessment or increase in the regular assessments, because they “already had the money.” Where did that money come from?

PMCPOA obtained that money from charging members more than it costs to run PMCPOA. This has been happening many years in a row. These overcharges—called “carry-overs” in the budget—have created a surplus that is now being allocated to new projects. It came from what appears to be a purposeful strategy of systematically overcharging the members in prior years.

Members’ Budget Meeting March 13

Next Saturday, March 13, at 10 a.m., PMCPOA will present, via Zoom, the Annual Members’ Budget Meeting, to take questions from members about the draft 2021-2022 budget.

To take this presentation in context, it is useful to review PMCPOA’s history on assessments. The graph at right contrasts PMCPOA actual assessments versus what assessments would have been if…(please see below to view full stories and photographs)

Photo captions:

PMCPOA Assessments vs. Inflation-Adjusted Dollars

Pine Mountain Club POA, Inc. Draft Summary Budget for 2021-2022

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This is part of the March 12, 2021 online edition of The Mountain Enterprise.

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