Income
  Budget  
  Actual  
  Regime Fees
120,000
129,690
  Capital Fund Income
21,600
28,675

  Transfer Fees

6,000

12,000

  Legal Fees

  Late Fees

Total Income

--

           --

147,600

--

          --

170,395




Expenses


  Management Fees
14,420
14,645
  Legal Fees./Prof.Services
515274
  Postage/Copy/Admin
1,082674
  Insurance
28,325
26,635

  Social/Other

  Taxes

1,030

        --

250

         --

Total Gen. and Admin.
45,37242,478



  Electricity
325193
  Water
4,0003,047
Total Utilities
4,3253,240



  Tree Removal4,5005,773
  Grounds Improvements
8,5002,267
  Gutter/Glass Cleaning
5,150
2,185
  Repairs
50,00037,522
  Irrigation Maintenance
   1,545
     349
Total Maintenance
69,69548,096



  Grounds Contract
16,00014,850
  Trash Removal
6,2507,570
  Pest Control
1,9001,942
  Termite Bond
     700     600
Total Contracts
24,85024,962
Subtotal Expenses
144,242
118,776


GrossOperating Surplus/(Deficit)



$3,359



$51,619


Actual as of 12/31/2020

OPERATING ACCOUNT 


  Beginning Balance
48,597
  Plus: Surplus/(Deficit)
51,619
  Transfer to Reserve Account
(35,000)
  Ending Balance65,216



RESERVE ACCOUNT

  Beginning Balance 
67,316
  Transfer from Operating
35,000
  Paid Capex
(10,207)
  Other-Service Charge
           --
  Ending Balance

92,110



Total Funds Balance

$157,325

       2020 Actual      

        2021 Budget      


x         Budget 2021
 
Income

   Regime Fees          $172,800
   Special Assessment Income120,000
   Transfer Fees6,000
   Other Income                                      
Total Income$298,800



Expenses

   Management Fees$15,000
   Legal Fees/Prof. Services
750
   Postage/Copy/Admin.1,000
   Insurance29,000
   Taxes                   --   
   Social/Other Expense                      1,000
Total Gen. & Admin Expense$46,750



   Electricity$275
   Water                        3,000
Total Utilities$3,275



  Tree Removal/Other Exp.

$6,000
   Grounds Improvements5,000
   Gutter/Glass Cleaning4,600
   Repairs35,000
   Irrigation Maintenance            1,575
Total Maintenance$52,175



   Grounds Contract
$16,500
   Trash Removal6,375
   Pest Control1,950
   Termite Bond                 750
Total Contracts$25,575



Subtotal Expenses$127,775



Gross Surplus/(Deficit)$171,025



Operating Account




   Beginning Balance$45,402
   Plus: Surplus/(Deficit)171,025
   Transfer (to) / from  Reserve Account                 (140,000)
 Ending Balance$76,427



Budget and Fee Schedule 2021

Fee Schedule


Effective in 2021 HOA fess will include a combined quarterly amount of $900 to cover both maintenance and long-term capital improvements.

Click link below for latest version of 8-yr capital plan and cash flow.  This file supersedes 8-yr plan included in 2020 annual meeting presentation as it reflects final loan terms.


 8-Yr Cap Ex 2021-2028.pdf​

Due dates for the quarterly payments will be as follows: 

     January 1

     April 1

     July 1

     October 1  

Total   $3,600


New Owner One-Time Buy-in Fee:   $1500

Capital Expenses:


  Bridge Replacement380,000
  Other5,000
  Total Capex385,000
Net Surplus/(Deficit)(213,975)


RESERVE ACCOUNT


  Beg. Balance92,316
  Reserve Contribution140,000
  To Operating Acct(385,000)
  Res. Charges /Loan Pmts.125,603
Ending Reserve Bal.(27,081)


Total Funds$49,345