Finance & Dues
PRIOR YEAR REPORTS
- 2020 Budget
- 2019 P&L Report
- 2019 Balance Sheet
- 2019 Annual Budget
- 2018 Annual Finance Report
- 2018 Annual Budget (Summary)
- 2017 Annual Finance Report
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2020 Internal Financial Review Summary:
The 2020 Sierra Internal Finance Review was held on Saturday, November 14. Thanks to our volunteer members who participated in the review: Amy Carrigan, Holly Lee, Wayne Lucia, and John Schick. The Sierra membership voted at the 2020 annual meeting to waive the external audit. However, to ensure the transparency of our financial records, practices, and controls, the board conducts these annual internal financial reviews with volunteer members of the Sierra community. The outcome of this year’s audit was such that our participants believed we have the necessary practices and controls in place. Read the full report submitted Wayne Lucia below.
- 2021 Reserve Study Summary
- 2021 Buildings & Grounds Reserve Study
- 2021 Piping and Infrastructure Study
- 2021 Water Systems Study
Annual dues may be increased by up to 10% of the previous year's assessment in order to ensure appropriate funding for the association's operations and reserves. Please refer to the Dues Q&A posted below for further details.
Annual dues are billed by early February and are due no later than April 1. Any account which becomes delinquent shall be subject to late fees and interest, as well as collections by any means possible by the Board of Directors, including, but not limited to liens placed against the property and/or litigation:
- As of April 2, a late notice bill will be mailed via first-class mail. 10% interest on the unpaid balance will be added to the amount owed. For example, for unpaid dues of $305, $30.50 (10% of $305) will be added, making the total amount due $335.50.
- As of May 1, a warning letter assessing an additional $50.00 late fine will be mailed via first-class or certified mail. For example, if the previous amount owed was $335.50, $50 will be added, making the total amount due $385.50.
- A lien will be filed with Island County soon after June 1 with fees and charges added to delinquent property owner’s account.
Further reading:
Important Notes:
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It is the property owner's responsibility to ensure King Water has your correct mailing address.
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Dues are assessed per lot, regardless if lots are legally combined. For example, an owners of
two (2) lots will be assessed the annual dues for each of the two lots. -
Payment must be received no later than April 1 to avoid the 10% late fee, and any legal/collections activity and costs.
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Checks must be made payable to Sierra Country Club. Checks made out otherwise will be returned to be corrected.
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Payments should be mailed to PO Box 915, Coupeville, WA 98239; or made in person at
King Water Company, 107 South Main Street, Suite A203, Coupeville. -
If you use online banking bill-pay services, be sure the check will be delivered to King Water by
April 1. Postmarks dated April 1 is not sufficient to be considered on time. Banks handle online
bill-pay payments differently. In some cases, the date the bank issues the check and deducts it
from your account is NOT the same as when King Water actually receives the payment.
Timely payment of annual due helps ensure we have the necessary funds to properly manage the association's operations, and promotes a fair distribution of financial responsibility among all SCC property owners. Thank you for your cooperation.
DISCLAIMER: This is an unsecured website not intended for transmission of confidential information. Please direct all private communications regarding community issues directly to a member of the Sierra Country Club Board of Directors.