Financial Information about Parkhollow

Annual Assessment

Each home in the subdivision is assessed an Annual Assessment fee each year. Your assessment is due on January 1st each year and is late on January 31st of each year. The Association strictly adheres to the collection policy to assure that all owners pay their assessment in compliance with the Association Documents.Randall Management (RMI) offers free payment plans prior to the account being referred to the Association Attorney for legal action.

Financial Statement and Audit

Monthly Financial Statements are prepared by Randall Management and are available to all owners. Each year the Association is audited by a Certified Public Accountant. Copies of the most recent audits are available to the owners. Please remember that audits are conducted at the close of each year. The prior year audit is available by July of the following year.