Finances

Property owners in BSOA are assessed once per year during the first week of October as directed by our governing documents. The assessment is uniform, which means everyone in BSOA pays the same amount. Whether a condo owner, a commercial lease, a homeowner, or an owner of an undeveloped lot, every property owner in BSOA pays $370 each year to keep our neighborhoods running smoothly. Click here to see a pie chart distribution of expenses.

BSOA Services – Includes snow removal and sanding on over 23 miles of roads in the BSOA jurisdiction in both Gallatin and Madison Counties; noxious weed spraying on all road right of ways, pest management in BSOA Open Spaces, Nordic trail grooming, street lights, towing, and sign repair and replacement.

Staff – BSOA offices are staffed Monday through Friday from 9AM to 5PM and coordinate all issues affecting the membership, board, and committees. Services include architectural review, covenant compliance, governing documents, county planning and zoning, assessments and receivables, finances, membership database and mailings, committee and contract management.

Member Administration – Includes taxes and insurance, postage, all associated office costs, annual meeting expenses, and the annual outside financial audit and tax preparation.

Reserves, Other – Includes funds for operating, condo and pond reserves, bad debt, and depreciation.

Community Contribution – Includes BSOA support to: Big Sky Community Corporation for maintenance of area parks and trails; Historic Crail Ranch for continued preservation of the original homestead cabin in the Meadow; and Big Sky Transportation District to offset local shuttle bus costs.

Our books are audited annually by an outside accounting team. Each year, a financial report is prepared for the BSOA Finance Committee and is approved by the full BSOA Board of Directors. Auditors also complete our annual tax return. Both documents can be viewed in full by clicking on the appropriate link below. Please contact the office at 406-995-4166 if you would like a printed copy mailed to you.

Click here to download the current BSOA Operating Budget
Click here to download the most current Financial Report
Click here to download the most current BSOA Tax Return
Click here to view a 5-year summary of BSOA Finances, prepared by Anderson ZurMuehlen