Sugarland Run Homeowners Association

2016 Budget

SUGARLAND RUN HOMEOWNERS ASSOCIATION
2016 BUDGET

REVENUE
RESIDENTIAL ASSESSMENTS  1,499,920
LEGAL FEE REIMBURSEMENT  40,000
LEGAL TURNOVER FEES  2,500
CLUBHOUSE RENTAL  5,000
SECURITY DEPOSIT (CLUBHOUSE RENTAL)  0
POOL RENTAL (SNOWBIRDS)  3,400
POOL PASS REPLACEMENT  550
POOL GUEST PASSES  500
NEWSLETTER ADVERTISEMENTS  4,000
INTEREST – OPERATIONS  0
INTEREST – RESERVES  600
RETURN CHECK FEES  800
VENDING INCOME  200
MISCELLANEOUS INCOME  600
TOTAL REVENUE  1,558,070
GENERAL/ADMINISTRATIVE
EXPENSES
BOARD FUND  2,200
OFFICE SUPPLIES  6,000
COMPUTER & SUPPORT  5,000
TELEPHONE  8,500
WEBSITE  0
POSTAGE  25,000
EQUIPMENT PURCHASES & LEASES  9,000
MANAGEMENT FEES  339,170
ACCOUNTING/AUDIT SERVICES  6,200
LEGAL SERVICES – GENERAL  12,000
LEGAL SERVICES – ARC  10,000
LEGAL SERVICES – COLLECTIONS  85,000
TAXES & LICENSES  2,000
INSURANCE  30,000
BOD MINUTES  3,750
BANK CHARGES  0
BAD DEBTS  15,000
RESERVE STUDY  0
VENDING EXPENSES  200
TOTAL ADMINISTRATIVE EXPENSES  559,020
COMMON ELEMENTS EXPENSE
GROUND MAINTENANCE CONTRACT  95,000
EQUIPMENT/TRUCK MAINTENANCE  4,000
LAKE MAINTENANCE CONTRACT  4,500
TREE REMOVAL  40,000
COMMON GROUND CARE  24,500
SNOW REMOVAL  20,000
TOT LOT MAINTENANCE  6,000
STREET LIGHT MAINTENANCE  40,000
OPERATING RESERVES  20,000
TOTAL COMMON ELEMENTS EXPENSE  254,000
POOL EXPENSES
POOL CONTRACT  76,140
SWIM TEAM  4,000
POOL FURNITURE  4,000
POOL MAINTENANCE  30,000
POOL SUPPLIES  6,000
POOL WATER  7,000
TOTAL CONTRACTED SERVICES  127,140
RESERVES
TOTAL RESERVES  452,910
TOTAL EXPENSES  1,558,070
SURPLUS/(DEFICIT) FUNDS  0