Financial Notice

Dues Changes

In October of 2024,  the Association Board voted to raise monthly dues to $330 per month, effective November 1, 2024, and thereafter.

August 23, 2025, the Association Board voted to reduce the monthly dues of Association members to $300 per month, effective October 1, 2025.

As of 2026, all 18 homes pay their dues monthly by automatic account withdrawal, to the Association account at US Bank.  No paper checks are required.

One-Time Assessment

From time to time the Association may charge a special assessment by a majority vote of the members.  October 8, 2024, the Association membership voted to charge a nonrecurring assessment of $875 on each of its 18 homes to restore reserves after replacing the north fence along Glass Rd.

Insurance

Each Owner must carry homeowner’s insurance and furnish a “Certificate of Insurance” coverage naming the Belden Court Owners Association, Inc. as an “additional insured” in their policy.

Financial Conditions

The annual meeting of the Association occurs after the end of each fiscal year (September 30).  Minutes of this meeting for 2024 are available.  Related financial documents are the following:

• FY24 BCOA Financial Report
• FY25 BCOA Approved Budget
• FY 25 BCOA Actual Spending
• FY 26 BCOA Approved Budget

The Association files an annual federal tax return based on calendar years.  The Association is not generally required to pay any taxes.