Budget
Adjustment of Annual Assessments. The Board of Directors of the Association may, after consideration of both the current maintenance costs and the future needs of the Association, propose that the annual assessment for any year be decreased or increased.
At least thirty (30) days before the beginning of each fiscal year, the Board of Directors shall prepare a budget covering the estimated common expenses during the coming year.
Annual Assessments shall be levied equally against all Lots, and shall be set at a level which is reasonably expected to produce total income for the Association equal to the total budgeted common expenses.
