One question I am often ask is, “What is the financial condition of Ocean Hills Country Club.” Buyers do not want to make the mistake of buying in a community where their hoa fees may go up drastically or their home values go down quickly. I am always glad to report the financial condition of Ocean Hills. See the financial strength of Ocean Hills for the end of September 2012 under photo.
Photo by Gary Harmon
At the end of September 2012, Ocean Hills had reserves of $2,972,920. Significant year to date below budged variances as of September, 2012 include Recreation payroll down $34,421 and Water down $38,099. Ocean Hills Country Club total assets were $4,130,274 which includes $3,286,525 worth of FDIC insured CD’s.
If you are a potential Ocean Hills buyer or if your are thinking of renting in Ocean Hills, contact Gary Harmon today.
All original content by Gary Harmon.
