| |
|
|
2009/2010 |
2010/2011 |
2011/2012 |
| |
|
|
$148.25/Lot |
148.25/lot |
148.25/lot |
|
Expected Income (2124 lots) |
|
|
$295,014.54 |
$304,241.00 |
$298,138.00 |
|
Construction Fees |
|
|
$18,000.00 |
$12,000.00 |
$6,000.00 |
|
** Includes all other fees & delinquent collections |
$ 12,000.00 |
$ 11,000.00 |
$ 7,500.00 |
| |
|
|
$ 17,000.00 |
$ 10,000.00 |
$ 8,000.00 |
| |
|
|
|
$ 500.00 |
$ 500.00 |
| |
|
|
$ - |
$ 500.00 |
$ 500.00 |
|
Total Exp. Income |
|
|
$342,014.54 |
$338,241.00 |
$320,638.00 |
|
Collection Rate |
|
|
94% |
95% |
96% |
| |
|
|
|
|
|
|
Expenses: |
|
|
|
|
|
|
Accounting |
|
|
$2,400.00 |
$2,500.00 |
$2,525.00 |
|
Association Meetings |
|
|
$500.00 |
$400.00 |
$550.00 |
|
Auto Expenses |
|
|
$3,500.00 |
$3,150.00 |
$2,800.00 |
|
Contracted Services |
|
|
$55,000.00 |
$37,000.00 |
$20,000.00 |
|
Dues & Subscriptions |
|
|
$700.00 |
$630.00 |
$500.00 |
|
Cleaning/Janitorial |
|
|
$600.00 |
$540.00 |
$540.00 |
|
Equipment Rental |
|
|
$1,700.00 |
$2,200.00 |
$3,000.00 |
|
Insurance |
|
|
$22,000.00 |
$25,000.00 |
$25,000.00 |
|
Legal |
|
|
$6,000.00 |
$5,500.00 |
$5,500.00 |
|
License & Permits |
|
|
$500.00 |
$450.00 |
$200.00 |
|
Maintenance & Repairs |
|
|
$25,000.00 |
$22,500.00 |
$38,300.00 |
|
Office Expense |
|
|
$2,500.00 |
$3,500.00 |
$3,500.00 |
|
Payroll Tax Expense |
|
|
$17,000.00 |
$17,000.00 |
$14,000.00 |
|
Pool Monitors |
|
|
$27,000.00 |
$24,500.00 |
$25,000.00 |
|
Pool Supplies |
|
|
$13,000.00 |
$11,800.00 |
$8,000.00 |
|
Postage |
|
|
$4,000.00 |
$3,600.00 |
$3,600.00 |
|
Printing/News Letter |
|
|
$3,600.00 |
$650.00 |
$0.00 |
|
Property Taxes |
|
|
$2,000.00 |
$1,600.00 |
$1,600.00 |
|
Security |
|
|
$60,000.00 |
$46,800.00 |
$72,800.00 |
|
Telephone |
|
|
$5,000.00 |
$4,800.00 |
$4,800.00 |
|
Utilities (inc. trash) |
|
|
$20,000.00 |
$19,000.00 |
$24,000.00 |
|
Wages & Salaries |
|
|
$56,000.00 |
$45,000.00 |
$46,400.00 |
|
Income Taxes |
|
|
$13,000.00 |
$7,000.00 |
$8,000.00 |
|
Contingency Fund |
|
|
$10,000.00 |
$10,000.00 |
$10,000.00 |
| |
|
|
|
|
|
|
Total Estimated Budget (Actual for 2011 - 2012) |
$351,000.00 |
$295,120.00 |
$320,615.00 |
| |
|
|
|
|
|
|
Total Needed (Actual for 2011 - 2012) * |
$351,000.00 |
$295,120.00 |
$320,615.00 |
|
* Does not include capital expenditures |
|
|
|
|
Difference Between Budget & Needs |
|
$10,000.00 |
$21,000.00 |
$23.00 |
| |
|
|
|
|
|
|
Expected Collections (Actual for 2010 - 2011)** |
$341,000.00 |
$316,241.00 |
$320,638.00 |
| |
|
|
|
|
|
|
Collections Minus Expenses |
|
|
($10,000.00) |
$21,000.00 |
$23.00 |
| |
|
|
|
|
|
|
Needed Increase per Lot |
|
|
$7.00 |
$0.00 |
$0.00 |
| |
|
|
|
|
|
|
Overage/(Shortage) per lot |
|
|
($4.72) |
$9.92
|
$0.01
|