Hello Sky Crossing Residents! I hear that there is a lot of chatter on social media about the upcoming assessment increase that was noticed with your December assessment statements and also emailed on December 1st. Below is the assessment increase letter that was sent, along with the buttons to view the approved annualized 2023 budget and a presentation put together by your finance committee to help explain reserves studies/funds.

Note: Astarea Residents will also receive a separate reminder email regarding the Astarea Budget and assessment increase pecifically.

If you have auto payments set up through your bank or other automatic bill pay, I recommend that you verify that the payment amount set up is adjusted to the new assessment amount of $120 for your January payment or that it is being updated to that amount. Otherwise you may end up short paying the assessment.

Dear Owner:

The approved 2023 Operating Budget is available for your review/download below and on the community website www.skycrossingca.com . Please also refer to the website for additional information, such as your governing documents, policies, recent email blasts, event details, etc. 

The Board of Directors have followed the limitations set forth governing the budgets and assessment increases according to Article 6 Section 6.2 of the Covenants, Conditions and Restrictions (CC&Rs). They also had the Finance committee (comprised of about 150 years of CPA or CFO experience) review and provide input. Due to multiple factors (including the current and future impact of inflationary costs) and after reviewing the data and forecasting provided from the Finance Committee, the Board concluded that a modest increase in monthly dues was necessary. The Board would like to thank those that attended the 11/14 meeting. Their input regarding the budget and increase was invaluable. The Board deliberated and approved the below assessment increase for 2023.

Please be advised the 2023 Annual Assessment is increased to $1440. The Annual Assessment will be billed monthly at $120. This increase is effective January 1, 2023. The increase will allow the Association to continue to properly fund the reserve and to pay for monthly operating expenses.

Below are some of the factors in the Board’s decision to increase dues. 

• The Contract Services. Sky Crossing vendors largely consist of labor and service industry companies. The raising fuel, labor, and material costs have been reflected in several contracts for 2023. Some of Sky Crossing’s vendors are currently in multi-year contracts and have yet to account for the more recent increased expenses. We anticipate seeing future increases when these contracts come up for renewal.  

• The Repairs and Maintenance section of the budget accounts for expenses that are unforeseen, such as building, pool, and common area repairs and maintenance (i.e. changing light bulbs, graffiti, storm damage irrigation/sprinkler repairs, etc.). This also includes many reoccurring expenses such as tree trimming, pool chemicals, annual rye overseeding, etc. The community assets continue to age and wear which requires more funds to maintain them along with the increasing costs of those materials and services.

• Funding the reserves (Click below or visit the website for a detailed explanation of reserves) properly is necessary to ensure the financial and physical health of the community for the future. The CC&R’s require an updated Reserve Study at least once every three years. The next Reserve Study would occur in 2024. The Board voted unanimously to commission an update to the Reserve Study in 2023, to account for the last 12-18 months of inflation increases and to provide better data for future decision making. The study currently only accounts for 2.45% inflation increases, well below current inflation rates. An update will provide reserve funding recommendations based on updated inflation increases.

If you have questions regarding the 2023 Operating Budget, please contact your community manager, Kim Vigna at 480-909-4540 or by email at kvigna@associatedasset.com.

Best Regards,

Your Board of Directors

SKY CROSSING COMMUNITY ASSOCIAITON, INC.

AAM is always striving to improve on the resident experience. The AAM All Access App offers residents a mobile option to access their account information, make payments, view status, submit maintenance requests, etc. You can even set notifications if a violation is posted to your account.

Single Sign on is very close to going Live, as you have likely read in other updates. We will be utilizing a single sign-on option for everything community and HOA related. The login you set up with the AAM All Access App will also work on other community related systems. This includes access to the website, the App and the Community Center registration system. To avoid confusion and delays in your access you should:

*Make sure to download the AAM All Access App.

(available in your app store for free) 

*Register now!  

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Please watch for future email notifications regarding upcoming system improvements!