| 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 |
