Association Fees Rise 3% in 2012

01/09/12 – For each of the past two years The Vaux Finance Committee and Board of Directors have been able to hold the cost of running our establishment to just about $600,000. But in 2011 several surprise expenses — unscheduled repairs, plus sharply increased water and natural gas costs — put us $20,000 in the hole, using up all of our contingency fund. Without a fee increase, we would have no money available to deal with unexpected costs in the coming year. Accordingly, the approved budget for 2012 includes a 3% increase, to $618,000 dollars, with a well-funded contingency ready to deal with whatever ill-wind fortune blows our way.