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