What is the financial crisis?

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Right now, the Association does not collect enough income to pay its annual operating expenses, let alone save money for future repairs and replacements.

Think of it like a household budget. If your paycheck is not large enough to cover the regular monthly bills, eventually you cannot pay the electric bill, the water gets shut off, or there isn’t enough money left to buy groceries.

That is essentially where the Association is today. The income coming in is no longer enough to cover the basic costs required to operate and maintain the community.