OPERATING REVENUES
Food
F&B
Housekeeping Guest
Repairs
RESERVE, FEES, & TAXES
General Capital Reserve
Management Fee
Restaurant Management Fee
Real Estate Taxes
Subtotal - Reserve, Fees, & Taxes OTHER CHARGES
Community Association Assessments
Hokuala Club Membership Assessments
Working Capital Contribution
Interest on Investments
Income Tax Expense
Prior Year Shortfall
Subtotal - Other Charges (Credit)
Telecommunication
Restaurant
Recreation
Subtotal - Expenses
Real estate exclusively listed by Hokuala Real Estate, RB-22060, 3770 Ala‘Oli Way, Lihu‘e, Hawai‘i, 96766
Each Unit’s maintenance fee assessment cannot be computed simply by multiplying its percentage common interest by the totals shown. Rather, pursuant to the Declaration, the common expenses of the Project (and, thus, each Unit’s assessments) are allocated among the Unit owners in a fair and equitable manner based on a formula or method implemented by the Managing Agent. The Association’s Board of Directors has delegated to, Timbers Hawai i Real Estate, LLC, as the Project’s current Managing Agent, the power to allocate the project’s common expenses for the purposes of determining each Unit’s annual assessment.
Expenses are allocated by the Association, and implemented by the Managing Agent, based on different allocation methodologies and factors, including (a) the relative size of a Unit, (b) the type of occupancy allowed in the Unit, and (c) the number of Units in each type of occupancy. The various methodologies and factors are then applied based on the type of expenses at issue. Allocation methodologies and factors will be evaluated periodically and, thus, are subject to change from time to time, which means that the resulting common expense allocations and annual assessments are subject to change as well.