Sugarland Run Homeowners Association

2014 Budget

SUGARLAND RUN HOMEOWNERS ASSOCIATION
2014 BUDGET

REVENUE:
RESIDENTIAL ASSESSMENTS 1,360,673
LEGAL FEE REIMBURSEMENT 40,000
LEGAL TURNOVER FEES 3,000
RESALE CERTIFICATES 0
CLUBHOUSE RENTAL 2,000
POOL RENTAL (SNOWBIRDS) 2,900
POOL GUEST PASSES 800
NEWSLETTER ADVERTISEMENTS 3,000
INTEREST – OPERATIONS 0
INTEREST – RESERVES 800
VENDING INCOME 0
MISCELLANEOUS INCOME 500
TOTAL REVENUE 1,413,673
GENERAL/ADMINISTRATIVE EXPENSES:
BOARD FUND 500
COMMUNITY PROGRAMS – CAC 5,000
UNEXPECTED EXPENSES/ COMM. EVENTS 10,000
OFFICE SUPPLIES 5,000
COMPUTER & SUPPORT 8,000
TELEPHONE 8,000
UTILITIES 55,000
PEST CONTROL 2,000
GENERAL REPAIRS 15,000
CUSTODIAL SUPPLIES/SERVICES 12,000
NEWSLETTER 35,000
POSTAGE 17,000
EQUIPMENT PURCHASES & LEASES 9,000
MANAGEMENT FEES 333,483
ACCOUNTING/AUDIT SERVICES 6,200
LEGAL SERVICES – GENERAL 10,000
LEGAL SERVICES – ARC 0
LEGAL SERVICES – COLLECTIONS 80,000
TAXES & LICENSES 2,000
INSURANCE 26,000
BOD MINUTES 2,000
BANK CHARGES 225
BAD DEBTS 15,000
VENDING EXPENSES 0
RESERVE STUDY 0
TOTAL ADMINISTRATIVE EXPENSES 656,408
COMMON ELEMENTS EXPENSE:
GROUND MAINTENANCE CONTRACT 95,000
EQUIPMENT/TRUCK MAINTENANCE 8,200
LAKE MAINTENANCE CONTRACT 4,000
TREE REMOVAL 55,000
COMMON GROUND CARE 10,000
SNOW REMOVAL 10,000
TOT LOT MAINTENANCE 5,000
STREET LIGHT MAINTENANCE 40,000
OPERATING RESERVES 10,000
TOTAL COMMON ELEMENTS EXPENSE 237,200
POOL EXPENSES:
POOL CONTRACT 75,000
SWIM TEAM 4,000
POOL FURNITURE 4,000
POOL MAINTENANCE 35,000
POOL SUPPLIES 5,000
POOL WATER 5,000
TOTAL CONTRACTED SERVICES 128,000
RESERVES:
TOTAL RESERVES 392,065
TOTAL EXPENSES 1,413,673
SURPLUS/(DEFICIT) FUNDS 0