2023 Budget      

Budget and Fee Schedule 2022

       2022 Year End Actual     

Homeowner Fee Schedule


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.

Due dates for the quarterly operating assessment will be as follows: 

  • January 1
  • April 1
  • July 1
  • October 1  

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

​​​Click link below for latest version of 8-yr capital plan and cash flow.  


2023-2030 Operating & Major Project Plan

2023 8-yr plan web).pdf



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



x         Budget 2023
 
Income

   Regime Fees          $172,800
   Transfer Fees3,000
   Other Income                                      
Total Income$175,800



Expenses

   Management Fees$16,320
   Legal Fees/Prof. Services
500
   Postage/Copy/Admin.1,000
   Insurance36,000
   Taxes                   --   
   Social/Other Expense                      750
Total Gen. & Admin Expense$54,570



   Electricity$225
   Water                        1,500
Total Utilities$1,725



   Grounds Improvements7,500
   Gutter/Glass Cleaning5,000
   Repairs30,000
   Irrigation Maintenance            1,750
Total Maintenance$44,250



   Grounds Contract
$15,750
   Trash Removal7,800
   Pest Control2,500
   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




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
15,37515,450
  Legal Fees./Prof.Services
1,000308
  Postage/Copy/Admin
1,000893.49
  Insurance
31,500
31,969

  Social/Other

  Taxes

1,025

        --

220.07

         --

Total Gen. and Admin.
$49,900$48,840.56



  Electricity
275212.03
  Water
3,0001,418.42
Total Utilities
$3,275$1,630.45



  
 Grounds Expenses5,000

8,110.36

  Gutter/Glass Cleaning
4,600
5790
  Repairs
30,00028,342.38
  Irrigation Maintenance
   1,600     1,975.45
Total Maintenance
$41,200$44,218.19



  Grounds Contract
15,70014,700
  Trash Removal
7,5007,320
  Pest Control
1,9503,648.41
  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
  Total Capital Income

Capital Improvement Expenses

  Building Improvements

  Landscaping Improvements

  Infrastructure Improvements

Total Capital Expenses

Net Surplus/(Deficit)



31,200

$32,200



10,000

49,790

5,000

$64,790

($33,590)



31,200

$32,200



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