Income

2005
Budget
(Proposed)

2004
Jan-Dec
(Estimated)

2004
Percent
To Date

2004
Budget
(Approved)

2004
Jan-Aug
(TSG)

2003
Jan-Dec
(Booze)

2002
Jan-Dec
(Booze)

Assessments

21,340.00

21,340.00

75.00%

21,340.00

16,005.00

18,404.00

18,336.00

Late Fees

360.00

293.33

61.11%

360.00

220.00

360.00

220.00

Legal Fees Reimbursement

0.00

0.00

0.00%

0.00

0.00

0.00

0.00

Owner Admin Reimbursement

0.00

0.00

0.00%

0.00

0.00

0.00

0.00

Assessments Paid in Advance

0.00

0.00

0.00%

0.00

0.00

-642.67

1,458.10

Special Assessment

0.00

0.00

0.00%

0.00

0.00

7,084.00

0.00

Interest

80.00

0.00

0.00%

300.00

0.00

427.65

68.77

Subtotal Income:

21,780.00

21,633.33

73.75%

22,000.00

16,225.00

18,548.99

20,082.87

Expense

 

 

Common Grounds

 

 

Maintenance

7,265.00

7,265.00

76.01%

7,265.00

5,522.20

7,056.00

6,848.37

Snow Removal

900.00

900.00

0.00%

900.00

0.00

1,108.20

848.52

Nash Sidewalk Shoveling

1,500.00

1,500.00

99.10%

1,500.00

1,486.50

Sprinkler Maintenance

600.00

600.00

15.00%

600.00

90.00

776.88

603.36

Landscape Improvements

585.00

585.00

0.00%

585.00

0.00

0.00

631.45

Paint / Curbs / House #s

0.00

0.00

0.00%

0.00

0.00

0.00

255.00

Water & Electricity

560.00

560.00

56.20%

560.00

314.70

609.85

1,315.24

 

 

 

 

 

Administrative

 

 

 

 

 

Management Fee

3,820.00

3,820.00

67.02%

3,820.00

2,560.00

3,816.00

3,815.66

Printing & Office Expenses

350.00

275.02

45.83%

350.00

160.42

373.49

351.63

Postage & Mail

250.00

0.00

0.00%

250.00

0.00

241.31

222.27

Bank Service charges

0.00

0.00

0.00%

0.00

0.00

258.15

183.75

Legal / Attorney Fees

200.00

433.72

216.86%

200.00

433.72

168.00

0.00

 

Govt. Mandated

 

 

Annual Audit / Tax Returns

950.00

1,375.00

144.74%

950.00

1,375.00

1,233.33

850.00

Insurance

1,500.00

1,251.25

83.42%

1,500.00

1,251.25

1,508.33

466.25

Federal Taxes

0.00

0.00

0.00%

160.00

0.00

0.00

160.00

State Taxes & Other Taxes

0.00

0.00

0.00%

60.00

0.00

0.00

60.00

License Fee

50.00

50.00

0.00%

50.00

0.00

50.00

50.00

 

 

 

 

 

Miscellaneous

950.00

324.98

19.95%

950.00

189.57

2,806.57

6,089.32

 

 

Reserves

 

 

Town Home Reserves

1,794.00

1,794.00

45.22%

1,794.00

811.20

1,640.00

1,643.00

General Reserves

506.00

506.00

45.22%

506.00

228.80

440.00

436.00

Subotal Expenses:

21,780.00

21,239.97

65.56%

22,000.00

14,423.36

22,086.12

24,829.82

 

Net Income / (Loss):

0.00

393.36

 

0.00

1,801.64

-3,537.13

-4,746.95

. . . . . . . . . . Operating Budget 2004 . . . . . . . . . .

Variance  

2003

 Expense
Categories

Town Homes
(33 Units)

Single Family
(11 Units)

Total $
(44 Units)

(+ / -) 
From 2003

Operating
Budget

COMMON GROUNDS

 

a) Maintenance

5,448.75

1,816.25

7,265.00

209.00

7,056.00

b) Snow Removal

900.00

0.00

900.00

27.00

873.00

Nash sidewalk shoveling

1,125.00

375.00

1,500.00

1,500.00

0.00

c) Sprinkler Maintenance

450.00

150.00

600.00

339.00

261.00

d) Landscape Improvements

150.00

50.00

200.00

0.00

200.00

Bushes (anti-trespassing)

288.75

96.25

385.00

385.00

0.00

e) Paint / Curbs / House #s

0.00

0.00

0.00

0.00

0.00

f) Water

281.25

93.75

375.00

0.00

375.00

g) Electric

138.75

46.25

185.00

5.00

180.00

 

 

 

 

 

ADMINISTRATIVE

 

 

 

 

 

 

 

 

 

 

a) Management Fee

2,865.00

955.00

3,820.00

4.00

3,816.00

b) Postage & Mail

262.50

87.50

350.00

230.00

120.00

c) Printing & Office Expenses

187.50

62.50

250.00

130.00

120.00

d) Bank Service charges

0.00

0.00

0.00

0.00

0.00

e) Legal / Attorney Fees

150.00

50.00

200.00

-200.00

400.00

 

 

 

 

 

GOVT. MANDATED

 

 

 

 

 

 

 

 

 

 

a) Annual Audit / Tax Prep

712.50

237.50

950.00

25.00

925.00

b) Insurance

1,125.00

375.00

1,500.00

-250.00

1,750.00

c) Federal Taxes

120.00

40.00

160.00

0.00

160.00

d) State and Local Taxes

45.00

15.00

60.00

0.00

60.00

e) License Fee

37.50

12.50

50.00

0.00

50.00

 

 

 

 

 

MISCELLANEOUS

637.50

212.50

850.00

250.00

600.00

HW HOA Web site

75.00

25.00

100.00

100.00

0.00

RESERVES

 

 

 

 

 

 

 

 

 

a) Town Home Reserves

1,794.00

0.00

1,794.00

154.00

1,640.00

b) General Reserves

379.50

126.50

506.00

66.00

440.00

 

 

 

TOTAL EXPENSES

$17,173.50

$4,826.50

$22,000.00

$2,974.00

$19,026.00

METHOD OF CALCULATION: Where figures appear in BOTH columns, the TOTAL $ Expense was considered "Common" and split 75% for Town Homes and 25% for Single Family Homes.

QUARTERLY HOA FEES:

Year

Town
Homes

Single
Family

Total
Budget

1998

$101.00

$83.00

$16,984.00

1999-2000

$105.00

$87.00

$17,688.00

2001

$109.00

$90.00

$18,348.00

2002-2003

$111.00

$92.00

$18,700.00

2004

$126.00

$107.00

$21,340.00