 |
| |
Budget Years |
| |
2006 |
2005 |
2004 |
 |
| Operating Income |
|
|
|
| Per Unit |
$77.00 |
$77.00 |
$125.00 |
| Association Fees |
47,500.00 |
47,500.00 |
77,500.00 |
| Membership Fee Income |
30,000.00 |
30,000.00 |
0.00 |
| Investment Income |
3,000.00 |
3,000.00 |
0.00 |
| Total Operating Revenue |
80,500.00 |
80,500.00 |
77,500.00 |
|
| Expenses |
|
|
|
| Maintenance & Grounds |
| Landscaping Improvements |
4,500.00 |
2,500.00 |
2,500.00 |
| Landscaping Maintenance |
39,000.00 |
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 |
200.00 |
150.00 |
0.00 |
| General Maintenance |
500.00 |
0.00 |
0.00 |
| Total Maintenance & Grounds |
46,700.00 |
45,650.00 |
48,303.00 |
|
| Administrative & Other Expenses |
| Insurance - Property & Liability |
4,000.00 |
4,300.00 |
4,706.00 |
| Office Expense |
3,800.00 |
3,800.00 |
4,000.00 |
| Management Fees |
18,000.00 |
18,000.00 |
18,000.00 |
| Community Expenses |
500.00 |
500.00 |
600.00 |
| Audit Fees |
1,500.00 |
1,500.00 |
1,000.00 |
| Legal - General |
5,600.00 |
5,650.00 |
5,000.00 |
| Total Administrative & Other Expenses |
33,400.00 |
33,750.00 |
33,306.00 |
|
| Reserves & Taxes |
| Federal Taxes |
400.00 |
1,100.00 |
1,000.00 |
| Total Reserves & Taxes |
400.00 |
1,100.00 |
1,000.00 |
|
| Total Expenses |
80,500.00 |
80,500.00 |
82,609.00 |
|
| Net Operating Expenses |
0.00 |
0.00 |
(5,109.00) |
|
| NET OPERATING INCOME/(Loss) |
0.00 |
0.00 |
(5,109.00) |
|
|
 |
|
