Year-End Payment Information for Shareholders

Shareholders should note the following financial information regarding their 2025 bills: Some residents will need to manually change fee amounts. Shareholders who are not signed up for ACH/direct debit will receive 2025 assessment statements.

As of Jan. 1, GRF and Mutual monthly assessment amounts have changed.

For those who have signed up for ACH/direct debit with their Mutual through the GRF Accounting office, the assessments are automatically updated to the new correct amounts. Shareholders on ACH/direct debit will only receive the year-end letter.

Shareholders who pay their monthly assessments through their bank’s billpay service, and/or manually by check or cash every month must manually change the amount they are remitting for their monthly assessments.

There are no late fees in January. In mid-January, a year-end letter will be sent out with information on the amount of 2024 property tax incurred and the amount of the 2025 assessments.

Those who made their January payments before receiving 2025 statements may need to make an additional payment to cover the increase.

This may take a little extra time but can prevent shareholders from having an outstanding balance.

—Finance Department