Account Description 2006 2007 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Actual Projected Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget Budget
Assess. $/house/month $75.00 $80.00 $80.00 $85.00 $90.00 $95.00 $100.00 $105.00 $110.00 $115.00 $120.00 $125.00 $130.00 $135.00 $140.00 $145.00
INCOME
Assessments $48,325.00 $49,800.00 $51,840.00 $55,080.00 $58,320.00 $61,560.00 $64,800.00 $68,040.00 $71,280.00 $74,520.00 $77,760.00 $81,000.00 $84,240.00 $87,480.00 $90,720.00 $93,960.00
Extra Assessments $225.00 $- $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Late Fees $660.00 $360.00 $- $- $- $- $- $- $- $- $- $- $- $- $- $-
Legal Reimbursements $- $- $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00 $250.00
Regular Interest $529.94 $800.00 $1,409.19 $1,681.61 $1,882.35 $2,291.98 $2,780.49 $3,117.64 $3,656.46 $4,361.83 $5,097.85 $5,970.41 $6,642.03 $7,593.80 $8,710.11 $9,929.29
TOTAL INCOME: $49,739.94 $50,960.00 $53,499.19 $57,011.61 $60,452.35 $64,101.98 $67,830.49 $71,407.64 $75,186.46 $79,131.83 $83,107.85 $87,220.41 $91,132.03 $95,323.80 $99,680.11 $104,139.29
EXPENSES
Accounting/ Bank Fees $17.35 $15.00 $375.00 $3,500.00 $375.00 $375.00 $375.00 $4,000.00 $375.00 $375.00 $375.00 $4,500.00 $450.00 $450.00 $450.00 $450.00
Area Lighting $2,850.35 $2,920.00 $3,000.00 $3,000.00 $3,000.00 $3,200.00 $3,200.00 $3,200.00 $3,300.00 $3,300.00 $3,300.00 $3,300.00 $3,300.00 $3,400.00 $3,400.00 $3,400.00
Building Maintenance $7,875.00 $750.00 $8,000.00 $10,000.00 $8,000.00 $8,000.00 $10,000.00 $8,000.00 $8,000.00 $10,000.00 $8,000.00 $8,000.00 $11,000.00 $8,500.00 $8,500.00 $8,500.00
Electrical Maintenance $150.00 $- $200.00 $200.00 $200.00 $200.00 $200.00 $200.00 $200.00 $200.00 $200.00 $200.00 $200.00 $200.00 $200.00 $200.00
Grounds Contract $14,594.66 $14,862.00 $14,700.00 $14,994.00 $15,293.88 $15,599.76 $15,911.75 $16,229.99 $16,554.59 $16,885.68 $17,223.39 $17,567.86 $17,919.22 $18,277.60 $18,643.15 $19,016.02
Grounds Extras $1,058.99 $1,775.00 $2,500.00 $2,500.00 $2,500.00 $2,500.00 $2,750.00 $2,750.00 $2,750.00 $3,000.00 $3,000.00 $3,000.00 $3,250.00 $3,250.00 $3,250.00 $3,250.00
Gutter Cleaning $- $1,080.00 $1,000.00 $1,200.00 $1,200.00 $1,200.00 $1,200.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00 $1,500.00
Insurance $570.00 $600.00 $625.00 $625.00 $625.00 $650.00 $650.00 $650.00 $650.00 $700.00 $700.00 $700.00 $700.00 $750.00 $750.00 $750.00
Legal/ Collections/Taxes $241.00 $- $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00 $500.00
Management $7,128.00 $7,128.00 $7,128.00 $7,128.00 $7,776.00 $7,776.00 $8,424.00 $8,424.00 $9,072.00 $9,072.00 $9,720.00 $9,720.00 $10,368.00 $10,368.00 $10,368.00 $10,368.00
Pavement Maintenance $5,675.00 $- $- $- $- $- $6,000.00 $- $- $- $- $6,500.00 $- $- $- $-
Printing & Postage $73.00 $- $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00 $50.00
Roof Repair/ Replacement $300.00 $200.00 $500.00 $500.00 $500.00 $750.00 $750.00 $750.00 $1,000.00 $1,000.00 $1,000.00 $1,250.00 $1,250.00 $1,250.00 $1,500.00 $1,500.00
Snow Removal $- $- $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00 $1,000.00
Termite Warranty Contract $1,092.00 $1,092.00 $1,115.00 $1,115.00 $1,137.00 $1,137.00 $1,160.00 $1,160.00 $1,185.00 $1,185.00 $1,210.00 $1,210.00 $1,235.00 $1,235.00 $1,235.00 $1,235.00
Trash Removal $2,731.30 $2,900.00 $2,900.00 $3,400.00 $3,400.00 $3,400.00 $3,400.00 $3,400.00 $3,400.00 $3,600.00 $3,600.00 $3,800.00 $3,800.00 $4,000.00 $4,000.00 $4,000.00
TOTAL EXPENSES: $44,356.65 $33,322.00 $43,593.00 $49,712.00 $45,556.88 $46,337.76 $55,570.75 $51,813.99 $49,536.59 $52,367.68 $51,378.39 $62,797.86 $56,522.22 $54,730.60 $55,346.15 $55,719.02
NET INCOME: $5,383.29 $17,638.00 $9,906.19 $7,299.61 $14,895.47 $17,764.22 $12,259.74 $19,593.65 $25,649.87 $26,764.15 $31,729.45 $24,422.55 $34,609.81 $40,593.19 $44,333.95 $48,420.27
Reserve from Prev. Year: $55,860.03 $61,243.32 $61,243.32 $71,149.51 $78,449.12 $93,344.59 $111,108.81 $123,368.55 $142,962.20 $168,612.07 $195,376.23 $227,105.68 $251,528.22 $286,138.03 $326,731.23 $371,065.18
Total Reserves at Year End: $61,243.32 $78,881.32 $71,149.51 $78,449.12 $93,344.59 $111,108.81 $123,368.55 $142,962.20 $168,612.07 $195,376.23 $227,105.68 $251,528.22 $286,138.03 $326,731.23 $371,065.18 $419,485.45
Total Req. Reserves: $57,268.00 $57,268.00 $78,351.00 $100,278.00 $123,083.00 $146,473.00 $170,788.00 $195,382.00 $220,962.00 $247,557.00 $274,057.00 $301,057.00 $328,557.00 $356,557.00 $384,557.00 $420,000.00
Reserve Deficit/ Surplus: $3,975.32 $21,613.32 $(7,201.49) $(21,828.88) $(29,738.41) $(35,364.19) $(47,419.45) $(52,419.80) $(52,349.93) $(52,180.77) $(46,951.32) $(49,528.78) $(42,418.97) $(29,825.77) $(13,491.82) $(514.55)