Reserve accounts are funded by a portion of the assessments from both budgets for expenses such as major repairs and replacement of fences, signs, entrances, statuary, ponds, playground equipment, tennis courts, fountains, landscaping, and irrigation systems. Proper funding and maintenance of reserve accounts is vital to avoid unexpected and costly assessments to homeowners when repair or replacement is necessary to maintain Springhurst as a premier community and protect homeowners’ property values. A Reserve Study was conducted in 2016 and updated in 2020 and 2023 to evaluate all community assets and assist in planning the funding levels required to meet anticipated needs through the year 2046.

Annual Assessment invoices are mailed the first of January each year and may be paid in two installments.The first installment is due by February 1 and the second by April 1. All residents must be current on the assessments in order to be considered in good standing and to be allowed to vote at the annual meeting, use the pool and clubhouse and receive approval for exterior modification requests.