HOA & Financials
Homeowners Association (HOA)
The Highlands is the place to live whether you are still working or enjoying full time retirement. In addition to championship golf we offer, pickleball, tennis, pop tennis, a heated pool and spa, fitness center, classroom instruction and personal fitness training. Our craft room supplies excellent space to gather and work on the hobby of your choice.
The Highlands is a self-governed and managed community with strong capital reserve plans and funding to assure the success and beauty of our community for many years to come. An elected Board of Directors, whose members serve 3-year staggered terms, governs the community. They are trustees representing the entire community. The powers and duties of the Board of Directors are specifically described in the Covenants, Conditions and Restrictions (CCRs) and the Bylaws. Standing committees serve in a policy advisory role to the Board of Directors.
The day-to-day operations are managed by an employee team under the direction of our professional Community Manager, Mark Oswald. The staff receives support from resident volunteers, who help in operational roles throughout the organization. There are many opportunities to serve the community as a volunteer.
The Highlands at Dove Mountain is a self-managed, active adult gated community of 1297 homes found in Marana, Arizona. While our community was built and managed by US Home / Lennar, it now is fully controlled by the homeowners.
Financials
Our HOA prides itself on strong, stable, and consistent financial performance while staying competitive as one of the premier Active Adult communities. The HOA assumed control from the builder in 2007.
Some of the financial highlights for The Highlands include:
The HOA runs a current budget of approximately $6.5 million per year with a staff of 51 full time equivalent positions.
Total operating expenses over seven years have increased only 1% per year.
Total cash on hand is $6.7 million. Of the cash on hand, $5.8 million is in the 30-year Reserve Fund for maintenance and replacement of community assets.
The Association also keeps an Association Improvement Fund for development of new amenities such as our Golf Short Game Practice Area and four Pickleball courts.
Golf Revenues have increased 27% over the past six years, while golf expenses, including water, have remained relatively constant. In recent years, The Highlands has experienced increases in resident golf memberships during a time when most area golf courses are facing financial difficulties.
Restaurant Food and Beverage revenue has increased 56% vs. six years ago, with total revenues currently at $1.6 million. During this same period, Food and Beverage expenses have increased by an average of 2% per year excluding 2020 due to COVID.
HOA financial strength, annual budget performance, and future stability ensures protection and growth of your primary asset - your house!
