Subsidies Residents Pay To Operate Golf & Food

This analysis shows how much each resident is required to pay as a part of their HOA dues to subsidize the Food & Beverage and Golf operations here at Colonial Heritage, regardless of whether they personally used these amenities.

Number of Households in Our Community (Year-End)

Year	# Households
2020	1,275
2021	1,353
2022	1,446
2023	1,488
2024	1,584

Year	Annual Deficit	Monthly Per Household	Annual Per Household
2019	$(336,519)	$23.02	$276.27
2020	$(414,401)	$27.10	$325.18
2021	$(143,950)	$8.87	$106.39
2022	$(256,104)	$14.76	$177.11
2023	$(232,374)	$13.02	$156.17
TOTAL	$(1,383,348)	$17.15	$205.76

Year	Annual Deficit	Monthly Per Household	Annual Per Household
2019	$(187,141)	$12.80	$153.63
2020	$(635,397)	$41.55	$498.55
2021	$(343,506)	$21.15	$253.76
2022	$(584,205)	$33.69	$404.01
2023	$(558,239)	$31.27	$375.16
TOTAL	$(2,308,488)	$29.09	$349.14

Year	Annual Deficit	Monthly Per Household	Annual Per Household
2019	$(523,660)	$35.82	$429.90
2020	$(1,049,798)	$68.65	$823.73
2021	$(487,456)	$30.02	$360.15
2022	$(840,309)	$48.45	$581.13
2023	$(790,613)	$44.29	$531.33
TOTAL	$(3,691,836)	$45.86	$550.33

Notes:

These calculations use the year-end household counts from financial statements. The actual subsidy may vary slightly as household counts changed throughout each year.
The 5-year total represents what a resident who lived in Colonial Heritage for all 5 years (2020-2024) would have paid to subsidize these operations, regardless of their usage.
For the average homeowner who has been a resident for the full 5-year period, approximately:
- $1,834.38 of their HOA dues went to subsidize F&B operations (from a total F&B deficit of $2,590,128)
- $786.02 of their HOA dues went to subsidize Golf operations (from a total Golf deficit of $1,101,045)
- $2,620.40 total was paid to subsidize both operations combined (from a combined deficit of $3,691,173)
The monthly subsidy has generally decreased over time, particularly for Golf operations (from $21.91 per month in 2020 to $7.70 per month in 2024).
Budget statements for 2025 indicate the monthly subsidies are approximately:
- F&B: $21 per household per month
- Golf: $12 per household per month
- Combined: $33 per household per month