January 2019
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What Does Your Annual Statement of Assessments Mean?
By now you should have received your annual statement of assessments in both digital and paper form. The total of
all assessments for 2019 is $744.47. If you are wondering how everything is calculated, here is your answer. The five
main assessments per membership certificate have specific purposes to fund different parts of CCR. They are as
follows:
• Membership Dues ($455.14): This is the main assessment that funds the Operating Fund. In 2018, it was
billed out for $426.06. This year the amount will be $455.14. On the 2017 proxy, the membership approved
to increase this assessment by $20.00 for 2019. This portion of the assessment may be increased by the
Board of Directors each year either on Consumer Price Index, better known as CPI, or 5%; whichever is
less. This year ’s CPI increase was 2.13%.
$426.06 x 2.13% = $9.08;
$426.06 + $9.08 = $435.14;
$435.14 + $20.00 = $455.14.
• Capital Assessment ($70.00): This amount is the portion of dues that goes directly to help fund the Capital
Fund. This was set at $5.00 on the 1992 Proxy, increased to $35.00 on the 1994 Proxy and increased again to
$70.00 per certificate on the 2011 Proxy. This $70.00 amount remains unchanged from 2018 to 2019.
• Surrender Cert. Assessment ($167.00): This is the amount based on the number of certificates that have been
surrendered via consolidation to the association or by foreclosures. This assessment was established by
the approval of a 1999 proxy ballot. In Article III, Section 3 of the CCR By-Laws, it specifically states “…The
Dues shall be increased pro rata by an amount equal to the dues revenue lost as a result of the surrender of Member
Certificates for which such adjustment has not previously been made…” On the 2018 proxy, the membership
approved to add the following language to this Section: “…For the avoidance of doubt, the purpose of the pro
rata annual increase to the General Assessment is to cover (on a cumulative basis) the cumulative loss of revenue
that would otherwise result from certificates that are surrendered.” In 2018, the Surrendered Certificate
Assessment was billed out using this calculation:
$455.14 Membership Dues + $70.00 Capital Assessment = $525.14;
$525.14 x 484 Total Surrendered Certificates = $254,167.76;
$254,167.76 ÷ 1522 current membership certificates = $167.00.
• Ranch Insurance Assessment ($45.43): This is the portion of the dues that repays the association the amount
of insurance (not including grooming insurance and health insurance for employees) that was expensed
in the current operating year. (2018 Insurance Expenses are billed in the 2019 Annual Dues).
$69,144.46 ÷ 1522 membership certificates = $45.43
• Ranch Tax Assessment ($6.90): This portion of the dues repays the association the amount of real property
taxes for property owned by CCR that was expensed in the current operating year. (2018 Tax Expenses are
billed in the 2019 Annual Dues).
$10,501.80 ÷ 1522 membership certificates = $6.90
If you have any questions regarding your dues statement or don’t receive it by the middle of January, please contact
the office.