SLOA Board Members

You may be interested to know that our annual SLOA dues are very low when compared to other HOAs with similar amenities. The SLOA uses the money to meet its day-to-day financial obligations, including electricity for street lights; common area landscaping and maintenance; boat dock maintenance; management and accounting costs; insurance expenses; non-collections-related legal fees; newsletter printing and postage; annual meeting expenses; rules enforcement expenses; and reserve fund obligations. The existence of these activities and amenities supports the property value of every homeowner.

The amount of money collected does not cover the actual amount of labor needed to run the Association. The SLOA relies heavily on the contribution of countless unpaid hours by Board members and other volunteers. If we had to rely exclusively on paid employees and contractors, the dues would need to be several times higher than they are now.