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Anonymous has left a new comment on your post "WaMu":

for you're information, dues collection has actuall improved this past qtr., delinquent rate has dropped

anon-- that is great and let's hope it continues into the winter and spring BUT since this information is not available to the members no one really knows, except you evidently -- there should be a running account on this aspect of the finances on the la web site-- it should be updated quarterly -- the collection rate of any community is a sign of the communities financial status and health -- then again the bod would probably likes to keep this type of information quiet and secret -- no need to let the membership know about minor issues like this or maybe they're concerned that if the defaults increase they may have to do something-- that would require them to make decisions and god only knows that is difficult for this bod--- i believe that la is experiencing 16% defaults -- that over $ 500,000.00 ( a half mullion dollars) per year that la could be applying to upgrades on the electrics or the lateral project ( opps --SORRY both of these may be ghost projects that aren't being done anyway so why worry about them or the half million?????) so my point is they make no effort to collect the fee defaults now and leave a half million on the table -- i don't really have a lot of faith in them that they will make any effort to change their ways if the members defaults get worse --

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