A Monthly Fee per Unit (Home) is payable by all Owners in Tanglewood to provide funds to support the operations of the Condominium, and provide for contribution to the Condominium Reserve Fund.

The monthly condominium fee is $100.00, unchanged since the inception of Tanglewood.

Fee Breakdown
The allocation of an Owner's $100.00 Monthly fee can be broken down into the following categories:

• Administration Costs
• Repairs and Maintenance
• Reserve Fund  Contributions
• Operating Costs (Snow Removal, street cleaning, Garbage, etc.)
• Insurance 
• Contingencies

Net Income
All revenues not spent on a monthly basis yield a Net Income for the Corporation.  Generally, accumulations of Net Income which have been preserved to address contingencies. For example, despite the current healthy finances of the Corporation, the recent recessionary shift in interest rates has slowed the planned Reserve Fund growth so Net Income has been used to top the fund up according to the published Reserve Fund schedule and will continue to be used to bring the Reserve Fund up to its target when deemed necessary by the board of directors.

Changes to the Monthly Fees
As per the By-Laws of the Owners, Monthly Fees can be changed if deemed necessary by the Condominium Corporation board of directors. Any change would need to be ratified at an Annual General Meeting as part of the normal budget and financial statement approval process, thereby providing all residents the opportunity to provide feedback.

The board has no plans to change condominium fees in the 2009-2010 business year