 |
| |
Approved Budgets |
| |
2004 |
2003 |
2002 |
 |
| Operating Income |
|
|
|
| Fines/Violations |
$0.00 |
$0.00 |
$0.00 |
| Annual Fee |
77,500.00 |
0.00 |
0.00 |
| Capital Contributions - Resales* |
0.00 |
0.00 |
0.00 |
| Capital Contributions - New Sales* |
built out |
70,000.00 |
70,000.00 |
| Total Operating Income |
77,500.00 |
70,000.00 |
70,000.00 |
|
| Prior Year Surplus |
0.00 |
24,736.32 |
n/a |
|
| Prior Year Deficit |
32,643.00 |
0.00 |
0.00 |
|
| Operating Expenses |
|
|
|
| Grounds Maintenance |
| Landscaping Improvements |
2,500.00 |
2,500.00 |
0.00 |
| Landscaping Maintenance |
38,000.00 |
31,514.00 |
18,500.00 |
| Fertilization |
6,303.00 |
0.00 |
0.00 |
| Snow and Ice Removal |
1,500.00 |
0.00 |
0.00 |
| Total Grounds Maintenance |
48,303.00 |
34,014.00 |
18,500.00 |
|
| Taxes and Insurance |
| Federal Taxes |
1,000.00 |
1,500.00 |
650.00 |
| Property/Liability Insurance |
4,706.00 |
3,000.00 |
2,626.00 |
| Total Taxes and Insurance |
5,706.00 |
4,500.00 |
3,276.00 |
|
| Administrative & Other Expenses |
| Printing & Postage |
4,000.00 |
2,700.00 |
1,200.00 |
| Community Expenses |
600.00 |
750.00 |
100.00 |
| Total Administrative & Other Expenses |
4,600.00 |
3,450.00 |
1,300.00 |
|
| Professional Services |
| Management Fees |
18,000.00 |
9,000.00 |
8,400.00 |
| Legal General |
5,000.00 |
2,200.00 |
3,000.00 |
| Accounting/Audit |
1,000.00 |
1,000.00 |
1,250.00 |
| Total Professional Services |
24,000.00 |
12,200.00 |
12,650.00 |
| Total Operating Expenses |
115,252.00 |
54,164.00 |
35,726.00 |
|
| Net Operating Expenses** |
(37,752.00) |
40,572.32 |
34,274.00 |
|
| Reserves |
| Reserves Repair and Replacement |
(37,752.00) |
40,572.32 |
34,274.00 |
| Total Reserves |
(37,752.00) |
40,572.32 |
34,274.00 |
|
| NET INCOME/(Loss) |
0.00 |
0.00 |
0.00 |
*Based on $1,000.00 Capital Contributions on all sales of new homes and resale of existing homes.
** All surplus in Operating is booked back to Reserves for funding.
|
|
 |
|
