The Association's budget is developed on an annual basis and is based on the income and expenses that are projected to occur in the coming year. Since the Association is a non-profit organization, the Net Income is projected to be zero. The Association receives its primary income from the HOA and garage rental fees collected from the owners. The expenses include a whole host of activities that are necessary to maintain the facility in optimum condition. These include such things as insurance for the complex and its employees; office supplies; accounting and legal fees; repairs and maintenance to the buildings, pools, and grounds; utilities; and wages for two employees. Other expenses include contributions to the Reserve Fund and capital improvement projects. Although the actual income and expense values may vary from the budget, it does provide a guideline for controlling the costs throughout the year. 

View 2024 Approved Budget

RIVERVIEW BLUFFS CONDOMINIUMS APPROVED BUDGET 2025