PBE POA Fees

PBE POA members are liable for these fees:

  • Annual dues.  $200.00; paid by all property owners; dues are assessed per lot . . . that is, if you own two lots, your dues are 2 X $200 = $400.  Due April 1 each year.  Notices are mailed in January.
  • Annual water fee.  $400.00; paid only by those who are connected to the water system — that is, homeowners.  Empty lots on which nothing is built are not connected to the water system and do not pay this fee.  Due April 1 each year.  Notices are mailed in January.
  • Occasional assessments.  In past years, we have had two assessments:  (1) in 2006 an assessment of $600 per lot to pay for upgrades to the community water system, and, (2) in 2016 and assessment of $400 per lot to pay for the bulkhead protection/beach restoration project.  Assessments must be approved by a majority vote of the membership.
  • Water system connection fee.  The Association charges $5,000 for new connections to the water system.  If you are building a home in the neighborhood, contact the Association at our email address — potomacbaypoa@hotmail.com — or, ask your realtor to contact the Association Architectural Committee to arrange for payment of the water connection fee.

In 2014-2015, the Association Board of Directors conducted a review of the Association’s capital assets, the life expectancy of each asset, and the projected replacement cost.  Capital assets that may need to be replaced  — or that we know eventually will need to be replaced — include:

  • The pumps in our two wells
  • The generator that powers the pumps in case of power failure
  • The bulkhead
  • Various parts of the water system:  wells (2); pumps (2); control devices; air compressor; chlorinator pump; pipes and valves.

Based on this analysis, the Board determined how much cash we need to pay for replacement of these various capital assets.  A portion of dues and water fees goes to building up a cash reserve.

We maintain two separate current operations accounts:  General Operations, and, Water System.  These accounts pay for current bills — grass cutting, electricity for the pumps, and the like.

Similarly, we maintain two separate capital reserve accounts:  General Operations, and, Water System.  These two accounts function as savings accounts.  They are NOT used to pay current expenses.  Instead, these accounts are used to accumulate a cash reserve for emergencies.