Due dates for the quarterly operating assessment will be as follows:
Total $3,600
In addition to the regular quarterly maintenance and operations assessment, there will be an annual major project assessment of $650 due on May 1 of each year.
New owner one-time capital assessment: $1500
Regime fees will cary into 2023 at the same level as in 2022. Fees will include a quarterly amount of $900 to cover regular maintenance and operations plus an annual $650 assessment for major improvements.
Income | Budget | Actual |
Regime Fees | 172,800 | 146,390 |
Transfer Fees | 3,000 | 6,000 |
Legal Fees Other Income Total Income | -- -- $175,800 | -- 30 $152,420 |
Expenses | ||
Management Fees | 15,375 | 15,450 |
Legal Fees./Prof.Services | 1,000 | 308 |
Postage/Copy/Admin | 1,000 | 893.49 |
Insurance | 31,500 | 31,969 |
Social/Other Taxes | 1,025 -- | 220.07 -- |
Total Gen. and Admin. | $49,900 | $48,840.56 |
Electricity | 275 | 212.03 |
Water | 3,000 | 1,418.42 |
Total Utilities | $3,275 | $1,630.45 |
Grounds Expenses | 5,000 | 8,110.36 |
Gutter/Glass Cleaning | 4,600 | 5790 |
Repairs | 30,000 | 28,342.38 |
Irrigation Maintenance | 1,600 | 1,975.45 |
Total Maintenance | $41,200 | $44,218.19 |
Grounds Contract | 15,700 | 14,700 |
Trash Removal | 7,500 | 7,320 |
Pest Control | 1,950 | 3,648.41 |
Termite Bond | 750 | 600 |
Total Contracts | $25,300 | $26,268.41 |
Subtotal Expenses Gross Operating Surplus/(Deficit) | $119,675 $56,125 | $120,957.61 $31,462.39 |
Capital Improvement Projects Capital Improvement Fees Building Improvements Landscaping Improvements Infrastructure Improvements Total Capital Expenses Net Surplus/(Deficit) | 31,200 $31,200 10,000 49,790 5,000 $64,790 ($33,590) | 31,200 $31,200 2,230 50,038.22 -- $52,269.02 ($21,069.02 |
Actual as of 12/31/2022 | ||
OPERATING ACCOUNT | ||
Beginning Balance | 80,116.22 | |
Plus: Surplus/(Deficit) | 31,462.39 | |
Transfer to Reserve Account | (50,000) | |
Ending Balance | $61,578.61 | |
RESERVE ACCOUNT | ||
Beginning Balance | 23,700.76 | |
Transfer from Operating Capital Income | 50,000 31,200 | |
Capital Project Expense | (52,269.02) | |
Other-Loan Activity | (18,271.91 | |
Ending Balance | $34,359.83 | |
Total Funds Balance | $95,938.44 |
x Budget 2023 | | |
Income | ||
Regime Fees | $172,800 | |
Transfer Fees | 3,000 | |
Other Income | ||
Total Income | $175,800 | |
Expenses | ||
Management Fees | $16,320 | |
Legal Fees/Prof. Services | 500 | |
Postage/Copy/Admin. | 1,000 | |
Insurance | 36,000 | |
Taxes | -- | |
Social/Other Expense | 750 | |
Total Gen. & Admin Expense | $54,570 | |
Electricity | $225 | |
Water | 1,500 | |
Total Utilities | $1,725 | |
Grounds Improvements | 7,500 | |
Gutter/Glass Cleaning | 5,000 | |
Repairs | 30,000 | |
Irrigation Maintenance | 1,750 | |
Total Maintenance | $44,250 | |
Grounds Contract | $15,750 | |
Trash Removal | 7,800 | |
Pest Control | 2,500 | |
Termite Bond | 650 | |
Total Contracts | $26,700 | |
Subtotal Expenses | $127,245 | |
Gross Surplus/(Deficit) | $48,555 | |
OPERATING ACCOUNT | ||
Beginning Balance | $61,588.61 | |
Plus: Surplus/(Deficit) | 48,555 | |
Transfer (to) / from Reserve Account | (80,000) | |
Ending Balance | $30,133.61 | |
Click link below for latest version of 8-yr capital plan and cash flow.
2023-2030 Operating & Major Project Plan
Capital Improvement Budget:
Capital Improvement Fee Income $31,200
Building Improvements | $(60,000) | ||
Landscape Improvements | (9, 500) | ||
Infrastructure Improvements | (15,000) | ||
Net Surplus/(Deficit) | $(84,500) | ||
RESERVE ACCOUNT | |||
Beg. Balance | $34,359.83 | ||
Reserve Contribution | 80,000 | ||
Capital Income | 31,200 | ||
Capital Project Expense | (84,500) | ||
Loan Activity | (18,271.91) | ||
Ending Reserve Bal. | $42,787.92 | ||
Total Funds | $72,921.53 |