Income
Budget
Actual
Regime Fees
110,000
126,475.00
Special Assessment Income
21,600
21,150.00
Transfer Fees
3,000
8,000
Total Income
134,600
155,625.00



Expenses


Management Fees
13,000
12,999.96
Legal Fees./Prof.Services
350
225.00
Postage/Copy/Admin
700
852.46
Insurance
24,000
25,541.50
Taxes
0
0
Total Gen. and Admin.
38,050
39,618.92



Electricity
200
234.39
Water
3,500
3,008.32
Total Utilities
3,700
3,242.71



Capital Repairs/Improvements
16,000
59,059.50
Grounds Improvements
12,500
10,172.30
Gutter/Glass Cleaning
5,500
4873.76
Repairs
32,500
48,754.79
Irrigation Maintenance
500
1,273.80
Total Maintenance
51,000
124,134.15



Grounds Contract
14,400
14,400.00
Trash Removal
7,500
6,972.00
Pest Control
1,300
1,248.00
Termite Bond
600
600.00
Total Contracts
23,800
23,220.00



Total Expenses
132,550.00
190,215.78



Net Surplus
2,050.00
(34,590.78)



Operating Account


Beginning Balance
30,774.04
30,774.04
Plus Surplus/(Deficit)
2,050.00
(34,590.78)
Transfer (to) Reserve Acct
(25,000)
(35,300.00)
Transfer From Reserve Acct
12,500.00
84,347.32
Ending Balance
20,324.04
45,230.58



Reserve Account

Beginning Balance
78,376.93
78,376.93
General Reverse Cont.
25,000.00
35,300.00
Transfer to Operating
(12,500.00)
(84,392.32)
Other Income

34.25
Ending Balance
90,876.93
29,318.86



Total Funds Balance
111,200.97
74,549.44



2016 Budget

2017 Budget

Date Due            Amount            
01/01/17            $700.00      
      1st Quarter Maintenance
03/01/17            $225.00         
      1st Assessment

04/01/17            $700.00         
      2nd Quarter Maintenance
07/01/17            $700.00         
      3rd Quarter Maintenance

09/01/17            $225.00          
      2nd Assessment

10/01/17            $700.00         
      4th Quarter Maintenance

Total                    $3,250.00



New Owner Buy-in Fee   $1500

Fee Schedule

Budget and Fee Schedule 2017

Income

Maintenance Fees
128,400
Special Assessment Income
21,600
Transfer Fees
3,000
Other Income
0
Total Income
153,000


Expenses

Management Fees
13,260
Legal Fees./Prof.Services
357
Postage/Copy/Admin
714
Insurance
26,316
Taxes
0
Total Gen. and Admin.
40,647


Electricity
204
Water
3,570
Total Utilities
3,774


Other Expenses
1,500
Grounds Improvements
8,670
Gutter/Glass Cleaning
5,610
Repairs
25,655
Irrigation Maintenance
510
Total Maintenance
41,945


Grounds Contract
14,688
Trash Removal
7,650
Pest Control
1,326
Termite Bond
612
Total Contracts
24,276


Subtotal Expenses
110,642


Net Surplus/(Deficit)
42,358


Operating Account

Beginning Balance
45,230.68
Plus: Surplus/(Deficit)
42358.00
Transfer (to) Reserve
(70,000.00)
Transfer From Reserve

Ending Balance
17,588.68


Capital Expenses

Roof replacement
54,000.00
Bridge Rebuild

Pressure Wash/Painting

Other
5,000.00
Total Capital Expenses
59,000.00


Net Surplus/Deficit
(16,642.00)


Reserve Accounts

Beginning Balance
29,318,.86
General Reserve Contribution
70,000.00
Transfer to Operating Acct
(59,000.00)
Other Charges

Ending Balance
40,318.86


Total Cash Funds
57,907.44