|
|
|
|
2007/2008 |
2008/2009 |
2009/2010 |
|
|
|
|
$131.25/Lot |
$141.25/Lot |
$148.25/Lot |
|
Expected Income (2117 lots) |
|
$261,184.88 |
$281,084.68 |
$295,014.54 |
|
Construction Fees |
|
|
$33,000.00 |
$25,000.00 |
$18,000.00 |
|
Total Exp. Income |
|
|
$294,184.88 |
$306,084.68
|
$313,014.54 |
|
Collection Rate |
|
|
94% |
94% |
94% |
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
Accounting |
|
|
$2,350.00 |
$2,350.00 |
$2,400.00 |
|
Association Meetings |
|
|
$500.00 |
$500.00 |
$500.00 |
|
Auto Expenses |
|
|
$4,000.00 |
$5,000.00 |
$3,500.00 |
|
Contracted Services |
|
|
$50,000.00 |
$50,500.00 |
$55,000.00 |
|
Dues & Subscriptions |
|
|
$500.00 |
$300.00 |
$700.00 |
|
Cleaning/Janitorial |
|
|
$500.00 |
$600.00 |
$600.00 |
|
Equipment Rental |
|
|
$1,800.00 |
$1,800.00 |
$1,700.00 |
|
Insurance |
|
|
$28,000.00 |
$29,000.00 |
$22,000.00 |
|
Legal |
|
|
$7,000.00 |
$7,000.00 |
$6,000.00 |
|
License & Permits |
|
|
$600.00 |
$600.00 |
$500.00 |
|
Maintenance & Repairs |
|
|
$34,000.00 |
$25,000.00 |
$25,000.00 |
|
Office Expense |
|
|
$4,000.00 |
$5,000.00 |
$2,500.00 |
|
Payroll Tax Expense |
|
|
$5,000.00 |
$16,000.00 |
$17,000.00 |
|
Pool Monitors |
|
|
$25,000.00 |
$25,000.00 |
$27,000.00 |
|
Pool Supplies |
|
|
$13,000.00 |
$13,000.00 |
$13,000.00 |
|
Postage |
|
|
$3,500.00 |
$4,000.00 |
$4,000.00 |
|
Printing/News Letter |
|
|
$3,000.00 |
$3,200.00 |
$3,600.00 |
|
Property Taxes |
|
|
$2,000.00 |
$2,000.00 |
$2,000.00 |
|
Security |
|
|
$50,000.00 |
$55,000.00 |
$60,000.00 |
|
Telephone |
|
|
$5,500.00 |
$6,000.00 |
$5,000.00 |
|
Utilities |
|
|
$20,000.00 |
$20,000.00 |
$20,000.00 |
|
Wages & Salaries |
|
|
$55,000.00 |
$55,000.00 |
$56,000.00 |
|
Income Taxes |
|
|
$28,311.00 |
$15,000.00 |
$13,000.00 |
|
Contingency Fund |
|
|
$10,000.00 |
$10,000.00 |
$10,000.00 |
|
|
|
|
|
|
|
|
Total Estimated Budget (Actual for 2007 - 2009) |
$353,561.00 |
$351,850.00 |
$351,000.00 |
|
|
|
|
|
|
|
|
Total Needed (Actual for 2007 - 2009) * |
$323,236.00 |
$351,850.00 |
$351,000.00 |
|
|
|
|
|
|
|
|
Difference Between Budget & Needs |
$30,325.00 |
$0.00 |
$10,000.00 |
|
|
|
|
|
|
|
|
Expected Collections (Actual for 2007 - 2009)** |
$355,358.00 |
$351,850.00 |
$341,000.00 |
|
|
|
|
|
|
|
|
Collections Minus Expenses |
|
$32,122.00 |
$0.00 |
($10,000.00) |
|
|
|
|
|
|
|
|
Needed Increase per Lot |
|
$0.00 |
$0.00 |
$7.00 |
|
|
|
|
|
|
|
|
* Does not include capital expenditures |
|
|
|
|
Expected Income rounded |
|
|
|
$ 313,000.00 |
|
** Includes all other fees & delinquent collections |
Expected |
Transfer fees |
$ 12,000.00 |
| |
|
|
Expected |
Delinquent Col |
$ 17,000.00 |
|
|
|
|
|
|
$ 342,000.00 |
|
Overage/(Shortage) per lot |
|
$15.17
|
$0.00 |
($4.72) |
| |
|
