Fee Schedule

2019 Budget with actual beginning balances

2018 Budget

Budget and Fee Schedule 2018

Date Due            Amount            
01/01/19            $700.00      
      1st Quarter Maintenance
03/01/19            $225.00         
      Capital Fund 

04/01/19            $700.00         
      2nd Quarter Maintenance
07/01/19            $700.00         
      3rd Quarter Maintenance

09/01/19           $225.00          
      Capital Fund

10/01/19            $700.00         
      4th Quarter Maintenance

Total                    $3,250.00



New Owner Buy-in Fee   $1500

Income

Maintenance Fees
128,800
Capital Fund 
20,700
Transfer Fees
6,000
Other Income
0
Total Income
155,500


Expenses

Management Fees
14,000
Legal Fees./Prof.Services
1250
Postage/Copy/Admin
700
Insurance
30,500
Taxes
0
Total Gen. and Admin.
46,450


Electricity
300
Water
4,500
Total Utilities
4,800


Other Expenses
4,000
Grounds Improvements
11,000
Gutter/Glass Cleaning
6,500
Repairs
55,000
Irrigation Maintenance
1,500
Total Maintenance
78,000


Grounds Contract
15,500
Trash Removal
6,000
Pest Contro
1,500
Termite Bond
650
Total Contracts
23,950


Subtotal Expenses
153,200


Net Surplus/(Deficit)
2,300


Operating Account

Beginning Balance
33,815.83
Plus: Surplus/(Deficit)
2,300.00
Transfer (to) Reserve
(20,000.00)
Transfer From Reserve

Ending Balance
16,115.83


Capital Expenses

Lights/Other
5,000.00
Total Capital Expenses
5,000.00


Net Surplus/Deficit
(2,700.00)


Reserve Accounts

Beginning Balance
21,755.23
General Reserve Contribution
20,000.00
Transfer to Operating Acct
(5,000.00)
Other Charges

Ending Balance
36,755.23


Total Cash Funds
52,871.06
Income
Budget
Actual
Regime Fees
128,800
120,500.00
Capital Fund Income
20,700
20,700.00

Transfer Fees

3,000

15,000.00

Legal Fees

Late Fees

Total Income

0

0

152,500

0.00

0.00

156,200.00




Expenses


Management Fees
13,525
13,525.20
Legal Fees./Prof.Services
1250278.21
Postage/Copy/Admin
600918.00
Insurance
29,800
 24,726.50
Taxes
0
0
Total Gen. and Admin.
45,17539,447.91



Electricity
300226.07
Water
4,0003871.87
Total Utilities
4,3004097.94



Contingency1,5001973.04
Grounds Improvements
5,000726.25
Gutter/Glass Cleaning
6,500
5679.20
Repairs
25,00030,949.28
Irrigation Maintenance
1,500
1870.75
Total Maintenance
39,50041,198.52



Grounds Contract
15,000
14,833.95
Trash Removal
7,7006,665.00
Pest Control
1,5001140.31
Termite Bond
650600.00
Total Contracts
24,850
23,239.26



Subtotal Expenses

Transfer to Reserves

113,825

(50,000)

107,983.63


Total Expenses163,825
Net Surplus
38,67548,216.37



OPERATING ACCOUNT 


Beginning Balance
36,855.1335,599.46
Ending Balance19,355.1333,815.83



Capital Expenses

Roof Replacement                          

Other

Total Capital Expenses


62,500.00

5,000.00

67,500.00


65,114.73


65,114.73

RESERVE ACCOUNT

Beginning Balance 
36,855.1336,855.13
General Reverse Cont.
50,000.00
50,000.00
Transfer to Operating
(67,500.00)
(65,114.73)
Other Reserve Charges
14.83
Ending Balance
19,355.1321,755.23



Total Funds Balance
43,629.5955,571.06