Senior Estates Golf and Country Club, a private, non-profit, HOA 501(c)(7) corporation Social and Recreation Club. Nine elected Board of Directors govern Senior Estates Golf and Country Club, each serving three-year terms with three directors elected each year.
Directors also chair Senior Estates Golf and Country Club committees including House, Activities, Budget, Rules, Membership, Golf, Publications & Communications, Architectural & Safety, and RV Storage.
Senior Estates Golf and Country Club fiscal management and reporting are divided between our reserve, and operating, funds.
The reserve fund gains revenue when a Senior Estates Golf and Country Clubhouse is purchased via the one-time fee collected at closing. This fund can only be spent on asset replacement, repair, and other future capital improvement projects. The fund is not allowed to be spent on operating expenses and is kept above a minimum acceptable level by our governing documents.
The operating fund gains revenue through yearly member dues. This money is used to pay for the day-to-day functions of the HOA such as insurance premiums, landscaping, salaries & wages, accounting, and legal fees, etc.