Sugarland Run Homeowners Association

2018 Budget

SUGARLAND RUN HOMEOWNERS ASSOCIATION
2018 BUDGET

REVENUE
RESIDENTIAL ASSESSMENTS 1,574,983
LEGAL FEE REIMBURSEMENT 30,000
LEGAL TURNOVER FEES 3,000
CLUBHOUSE RENTAL 8,000
SECURITY DEPOSIT (CLUBHOUSE RENTAL) 0
POOL PASS REPLACEMENT 1,000
POOL GUEST PASSES 500
INTEREST – OPERATIONS 0
INTEREST – RESERVES 70
RETURN CHECK FEES 600
VENDING INCOME 0
MISCELLANEOUS INCOME 250
TOTAL REVENUE 1,618,403
GENERAL/ADMINISTRATIVE EXPENSES
RESIDENT SURVEY 1,500
BOARD FUND 500
OFFICE SUPPLIES 7,000
COMPUTER & SUPPORT 3,000
TELEPHONE 10,000
WEBSITE 1,000
POSTAGE 30,000
EQUIPMENT PURCHASES & LEASES 14,000
MANAGEMENT FEES 352,872
ACCOUNTING/AUDIT SERVICES 6,500
LEGAL SERVICES – GENERAL 10,000
LEGAL SERVICES – ARC 10,000
LEGAL SERVICES – COLLECTIONS 100,000
TAXES & LICENSES 2,000
INSURANCE 33,000
BOD MINUTES 3,750
BAD DEBTS 10,000
RESERVE STUDY 0
VENDING EXPENSES 0
TOTAL ADMINISTRATIVE EXPENSES 595,122
COMMON ELEMENTS EXPENSE
GROUND MAINTENANCE CONTRACT 95,000
EQUIPMENT/TRUCK MAINTENANCE 2,000
LAKE MAINTENANCE CONTRACT 5,000
TREE REMOVAL 50,000
COMMON GROUND CARE 5,000
SNOW REMOVAL 20,000
TOT LOT MAINTENANCE 15,000
STREET LIGHT MAINTENANCE 35,000
OPERATING RESERVES 40,000
TOTAL COMMON ELEMENTS EXPENSE 267,000
COMMUNITY CENTER & PROGRAM EXPENSE
NEWSLETTER 20,000
CUSTODIAL SUPPLIES & SERVICE 15,000
COMMUNITY PROGRAMS (CAC) 6,000
UNEXPECTED EXPENSE-EVENTS 10,000
UTILITES 75,000
GENERAL REPAIRS 20,000
SECURITY 8,000
PEST CONTROL 2,000
TOTAL COMMUNITY CENTER & PROGRAM EXPENSE 156,000
POOL EXPENSES
POOL CONTRACT 80,385
SWIM TEAM 5,000
POOL FURNITURE 4,000
POOL MAINTENANCE 30,000
POOL SUPPLIES 3,000
POOL WATER 4,000
TOTAL CONTRACTED SERVICES 126,385
RESERVES
TOTAL RESERVES 473,896
TOTAL EXPENSES 1,618,418
SURPLUS/(DEFICIT) FUNDS 0