2020 Budget

REVENUE$74.71
RESIDENTIAL ASSESSMENTS1,736,514$37.34
LEGAL FEE REIMBURSEMENT40,000
LEGAL TURNOVER FEES3,000
CLUBHOUSE RENTAL9,000
SECURITY DEPOSIT (CLUBHOUSE RENTAL)0
POOL PASS REPLACEMENT1,200
POOL GUEST PASSES500
INTEREST – OPERATIONS0
INTEREST – RESERVES500
RETURN CHECK FEES700
VENDING INCOME0
MISCELLANEOUS INCOME500
TOTAL REVENUE1,791,914
GENERAL/ADMINISTRATIVE EXPENSES
RESIDENT SURVEY0
BOARD FUND500
OFFICE SUPPLIES7,000
COMPUTER & SUPPORT3,500
TELEPHONE12,500
WEBSITE2,000
ARC REPAIRS10,000
POSTAGE30,000
EQUIPMENT PURCHASES & LEASES15,000
MANAGEMENT FEES367,128
ACCOUNTING/AUDIT SERVICES6,600
LEGAL SERVICES – GENERAL10,000
LEGAL SERVICES – ARC10,000
LEGAL SERVICES – COLLECTIONS100,000
TAXES & LICENSES1,000
INSURANCE33,000
BOD MINUTES3,750
BAD DEBTS30,000
RESERVE STUDY5,000
VENDING EXPENSES0
TOTAL ADMINISTRATIVE EXPENSES631,978
COMMON ELEMENTS EXPENSE
GROUND MAINTENANCE CONTRACT92,000
EQUIPMENT/TRUCK MAINTENANCE2,500
LAKE MAINTENANCE CONTRACT10,000
TREE REMOVAL120,000
COMMON GROUND CARE5,000
SNOW REMOVAL20,000
TOT LOT MAINTENANCE15,000
STREET LIGHT MAINTENANCE35,000
OPERATING RESERVES40,000
TOTAL COMMON ELEMENTS EXPENSE339,500
COMMUNITY CENTER & PROGRAM EXPENSE
NEWSLETTER20,000
CUSTODIAL SUPPLIES & SERVICE15,000
COMMUNITY PROGRAMS (CAC)7,500
UNEXPECTED EXPENSE-EVENTS10,000
UTILITES75,000
GENERAL REPAIRS22,500
SECURITY7,000
PEST CONTROL2,000
TOTAL COMMUNITY CENTER & PROGRAM EXPENSE159,000
POOL EXPENSES
POOL CONTRACT91,200
SWIM TEAM0
POOL FURNITURE4,000
POOL MAINTENANCE40,000
POOL SUPPLIES5,000
POOL WATER4,000
TOTAL CONTRACTED SERVICES144,200
RESERVES
TOTAL RESERVES517,236
TOTAL EXPENSES1,791,914
SURPLUS/(DEFICIT) FUNDS0