Income
Budget
Actual
Regime Fees
134,400
141,725.00
Special Assessment Income
21,600
20,950.00

Transfer Fees

3,000

17,500.00

Legal Fees

Late Fees

Total Income

0

0

159,000

930.00

1225.00

182,330.00




Expenses


Management Fees
13,260
13,260.00
Legal Fees./Prof.Services
357
1155.00
Postage/Copy/Admin
714
418.04
Insurance
26,316
 29,020.50
Taxes
0
0
Total Gen. and Admin.
40,64743,853.54



Electricity
204
246.36
Water
3,570
3,885.33
Total Utilities
3,774
4,131.69



Contingency1,5001306.04
Grounds Improvements
8,6708625.66
Gutter/Glass Cleaning
5,610
5,853.70
Repairs
25,65529,178.79
Irrigation Maintenance
510
4,895.31
Total Maintenance
41,94549,585.75



Grounds Contract
14,688
14,625.00
Trash Removal
7,650
6,972.00
Pest Control
1,326
1919.38
Termite Bond
612
600.00
Total Contracts
24,276
24,390.13



Subtotal Expenses

Transfer to Reserves

110,642

40,000

121,961.11

70,000.00

Total Expenses150,642191961.11
Net Surplus
8358-9631.11



OPERATING ACCOUNT 


Beginning Balance
10549.1045,230.57
Ending Balance12907.1035,599.46



Capital Expenses

Roof Replacement                          

Other

Total Capital Expenses


54,000.00

5,000.00

59,000.00


62,492.48


62,492.48

RESERVE ACCOUNT

Beginning Balance 
49,891.8729,318.86
General Reverse Cont.
70,000.00
70,000.00
Transfer to Operating
(59,000.00)
(62,492.48)
Interest
28.75
Ending Balance
30,891.8736,855.14



Total Funds Balance
43,798.9772,454.60

2018 Budget with actual beginning balances

Income

Maintenance Fees
128,800
Special Assessment Income
20,700
Transfer Fees
3,000
Other Income
0
Total Income
152,500


Expenses

Management Fees
13,525
Legal Fees./Prof.Services
1250
Postage/Copy/Admin
600
Insurance
29,800
Taxes
0
Total Gen. and Admin.
45,175


Electricity
300
Water
4,000
Total Utilities
4,300


Other Expenses
1,500
Grounds Improvements
5,000
Gutter/Glass Cleaning
6,500
Repairs
25,000
Irrigation Maintenance
1,500
Total Maintenance
39,500


Grounds Contract
15,000
Trash Removal
7,700
Pest Contro
1,500
Termite Bond
650
Total Contracts
24,850


Subtotal Expenses
113,825


Net Surplus/(Deficit)
38,675


Operating Account

Beginning Balance
35,599.46
Plus: Surplus/(Deficit)
38,675.00
Transfer (to) Reserve
(50,000.00)
Transfer From Reserve

Ending Balance
24,274.46


Capital Expenses

Roof replacement
62,500.00
Bridge Rebuild

Pressure Wash/Painting

Other
5,000.00
Total Capital Expenses
67,500.00


Net Surplus/Deficit
(28,825.00)


Reserve Accounts

Beginning Balance
36,855.13
General Reserve Contribution
50,000.00
Transfer to Operating Acct
(67,500.00)
Other Charges

Ending Balance
19,355.13


Total Cash Funds
43,629.59

Date Due            Amount            
01/01/18            $700.00      
      1st Quarter Maintenance
03/01/18            $225.00         
      1st Assessment

04/01/18            $700.00         
      2nd Quarter Maintenance
07/01/18            $700.00         
      3rd Quarter Maintenance

09/01/18            $225.00          
      2nd Assessment

10/01/18            $700.00         
      4th Quarter Maintenance

Total                    $3,250.00



New Owner Buy-in Fee   $1500

2017 Budget

Fee Schedule

Budget and Fee Schedule 2018