From The Blog

Update on 2025 Assessment Collections

As of Tuesday, May 6, annual assessment billings are 98.6% collected. At that time, 99 properties were delinquent, representing approximately $223,000. Assessments were billed in January and due Feb. 8, 2025.

KICA implements the assessment collections process in alignment with the Financial Controls Manual (Chapter 6). At 90 days past due, member rights for those with delinquent accounts are suspended. This includes the deactivation of their member RFID decal for gate and Sandcastle access. The association’s attorney will be mailing a courtesy notice informing the members that the next step will be a property lien if the assessment remains unpaid as of June 8. The KICA Board of Directors will review the lien list at their next executive session meeting on June 2.

KICA accounting staff will continue to reach out to as many members as possible to assist with the goal of minimizing member impact and lien action.