 |
| |
Budget Years |
| |
2005* |
2005** |
2004 |
 |
| Operating Income |
|
|
|
| Per Unit |
$125.00 |
$77.00 |
$125.00 |
| Association Fees |
77,500.00 |
47,500.00 |
77,500.00 |
| Interest Income - From Reserves |
3,000.00 |
3,000.00 |
0.00 |
| Capital Contributions - Resales** |
0.00 |
30,000.00 |
0.00 |
| Total Operating Income |
80,500.00 |
80,500.00 |
77,500.00 |
|
| Operating Expenses |
|
|
|
| Grounds Maintenance |
| Landscaping Improvements |
2,500.00 |
2,500.00 |
2,500.00 |
| Landscaping Maintenance |
40,500.00 |
40,500.00 |
38,000.00 |
| Fertilization |
0.00 |
0.00 |
6,303.00 |
| Snow Removal |
2,500.00 |
2,500.00 |
1,500.00 |
| Trash Removal |
150.00 |
150.00 |
0.00 |
| Total Grounds Maintenance |
45,650.00 |
45,650.00 |
48,303.00 |
|
| Taxes and Insurance |
| Federal Taxes |
1,100.00 |
1,100.00 |
1,000.00 |
| Property/Liability Insurance |
4,300.00 |
4,300.00 |
4,706.00 |
| Total Taxes and Insurance |
5,400.00 |
5,400.00 |
5,706.00 |
|
| Administrative & Other Expenses |
| Office Expense |
3,800.00 |
3,800.00 |
4,000.00 |
| Community Expenses |
500.00 |
500.00 |
600.00 |
| Total Administrative & Other Expenses |
4,300.00 |
4,300.00 |
4,600.00 |
|
| Professional Services |
| Management Fees |
18,000.00 |
18,000.00 |
18,000.00 |
| Legal General |
5,650.00 |
5,650.00 |
5,000.00 |
| Accounting/Audit |
1,500.00 |
1,500.00 |
1,000.00 |
| Total Professional Services |
25,150.00 |
25,150.00 |
24,000.00 |
| Total Operating Expenses |
80,500.00 |
80,500.00 |
82,609.00 |
|
| Net Operating Expenses |
0.00 |
0.00 |
(5,109.00) |
|
| Reserves |
| Reserves Expense |
0.00 |
0.00 |
0.00 |
| Total Reserves |
0.00 |
0.00 |
0.00 |
|
| NET INCOME/(Loss) |
0.00 |
0.00 |
(5,109.00) |
*Budget if Memebership Fee Resolution is not passed
**Budget if Memebership Fee Resolution is passed
|
|
 |
|
