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Text Box: Our dues have not been raised in three years. We are notifying everyone that effective January 1, 2008 dues will be raised 20% across the board. Two bedroom units will now pay $144 and Three bedroom units will now pay $164. Coupon books will not be issued until a new management company is obtained and a new bank account is established. Please send payments by the 15th of each month to: PO Box 544 Rumson, NJ 07760 This address will not change yet. It is a locked box with the bank we are currently using. Delinquency issues aside for the moment, please note the significant difference in charges vs. expenses in the table below for the months of May through August. This is the reason why the board feels there needs to be an increase in our dues.

Expenses Include: Bank Charges, Legal Expenses, Grounds Care, Maintenance, Pool Care and Staffing, Snow removal, Extermination, Taxes, Insurance, and Management Company.

	Charges	Revenue	Expenses	Revenue Differences	Rev/Exp Differences
March	$21,613	$22,655	$17,392	$1,042	$5,263
April	$21,263	$22,105	$11,535	$842	$10,570
May	$21,228	$17,545	$37,806	-3,683	-20,261
June	$21,128	$29,612	$24,924	$8,484	$4,688
July	$21,388	$20,893	$25,635	-495	-4,742
August	$21,663	$19,192	$36,098	-2,471	-16,906
September	$21,938	$17,263	$18,538	-4,675	-1,275
October	$21,413	$13,236	$17,884	-8,177	-4,648
Total	$192,947	$189,491	$204,564	-3,456	-15,073
Average	$21,439	$21,055	$22,729	-384	-1,675