Income

2007-2011
Budget
(Approved)

2006
Jan-Dec
(Estimated)

2006
Percent
To Date

2006
Budget
(Approved)

2006
Jan-Sep
(TSG)

2005
Jan-Dec
(TSG)

2004
Jan-Dec
(TSG)

Assessments

23,540.00

21,340.00

75.00%

21,340.00

16,005.00

21,340.00

22,000.00

Late Fees

260.00

360.00

100.00%

360.00

360.00

320.00

0.00

Legal Fees Reimbursement

200.00

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

500.00

0.00%

0.00

500.00

994.00

0.00

Special Assessment

0.00

0.00

0.00%

0.00

0.00

0.00

0.00

Interest

0.00

0.00

0.00%

300.00

0.00

0.00

0.00

Subtotal Income:

24,000.00

22,200.00

76.66%

22,000.00

16,865.00

22,654.00

22,000.00

Expense

 

Common Grounds

 

 

Maintenance

7,700.00

7,665.00

90.78%

7,665.00

6,958.00

8,574.20

7,266.40

Snow Removal

1,000.00

900.00

0.00%

900.00

0.00

0.00

0.00

Nash Sidewalk Shoveling

1,500.00

1,500.00

0.00%

1,500.00

0.00

0.00

1,486.50

Sprinkler Maintenance

0.00

0.00

0.00%

200.00

0.00

0.00

165.00

Landscape Improvements

600.00

0.00

0.00%

585.00

0.00

0.00

510.00

Paint / Curbs / House #s

0.00

0.00

0.00%

0.00

0.00

0.00

0.00

Water & Electricity

700.00

650.00

86.57%

560.00

484.81

612.88

604.04

 

 

 

 

 

Administrative

 

 

 

 

 

Management Fee

5,400.00

3,840.00

75.00%

3,840.00

2,880.00

3,840.00

3,840.00

Printing & Office Expenses

350.00

300.00

45.12%

350.00

157.92

332.93

274.29

Postage & Mail

300.00

200.00

63.17%

250.00

157.92

331.00

274.28

Bank Service charges

0.00

0.00

0.00%

0.00

0.00

0.00

0.00

Legal / Attorney Fees

200.00

200.80

100.40%

200.00

200.80

276.26

894.24

 

Govt. Mandated

 

Annual Audit / Tax Returns

1,000.00

975.00

102.63%

950.00

975.00

1,725.00

1,375.00

Insurance

1,500.00

1,500.00

32.82%

1,500.00

492.25

1,329.25

2,048.25

Federal Taxes

0.00

0.00

0.00%

120.00

0.00

0.00

0.00

State Taxes & Other Taxes

0.00

0.00

0.00%

100.00

0.00

0.00

0.00

License Fee

0.00

0.00

0.00%

50.00

0.00

0.00

0.00

 

 

 

 

 

Miscellaneous

1,214.00

2,050.00

250.98%

815.00

2,045.51

609.89

440.76

 

Reserves

 

 

 

 

Town Home Reserves

1,978.00

1,884.00

75.50%

1,884.00

1,422.36

1,794.00

1,794.00

General Reserves

558.00

531.00

73.38%

531.00

389.64

506.00

506.00

Subtotal Expenses:

24,000.00

22,195.80

73.47%

22,000.00

16,164.21

19,931.41

21,478.76

 

Net Income / (Loss):

0.00

4.20

 

0.00

700.79

2,722.59

521.24

. . . . . . . . . . Approved Budget 2007 . . . . . . . . . .

Variance  

2006

 Expense
Categories

Town Homes
(33 Units)

Single Family
(11 Units)

Total $
(44 Units)

(+ / -) 
From 2006

Operating
Budget

COMMON GROUNDS

 

a) Maintenance

5,775.00

1,925.00

7,700.00

35.00

7,665.00

b) Snow Removal

1,000.00

0.00

1,000.00

100.00

900.00

Nash sidewalk shoveling

1,125.00

375.00

1,500.00

0.00

1,500.00

c) Sprinkler Maintenance

0.00

0.00

0.00

-200.00

200.00

d) Landscape Improvements

450.00

150.00

600.00

15.00

585.00

e) Paint / Curbs / House #s

0.00

0.00

0.00

0.00

0.00

f) Water

75.00

25.00

100.00

-275.00

375.00

g) Electric

450.00

150.00

600.00

415.00

185.00

 

 

 

 

 

ADMINISTRATIVE

 

 

 

 

 

 

 

 

 

 

a) Management Fee

4,050.00

1,350.00

5,400.00

1,560.00

3,840.00

b) Postage & Mail

262.50

87.50

350.00

0.00

350.00

c) Printing & Office Expenses

225.00

75.00

300.00

50.00

250.00

d) Bank Service charges

0.00

0.00

0.00

0.00

0.00

e) Legal / Attorney Fees

150.00

50.00

200.00

0.00

200.00

 

 

 

 

 

GOVT. MANDATED

 

 

 

 

 

 

 

 

 

 

a) Annual Audit / Tax Prep

750.00

250.00

1,000.00

50.00

950.00

b) Insurance

1,125.00

375.00

1,500.00

0.00

1,500.00

c) Federal Taxes

0.00

0.00

0.00

-120.00

120.00

d) State and Local Taxes

0.00

0.00

0.00

-100.00

100.00

e) License Fee

0.00

0.00

0.00

-50.00

50.00

 

 

 

 

 

MISCELLANEOUS

910.50

303.50

1,214.00

399.00

815.00

RESERVES

 

 

 

 

 

 

 

 

 

a) Town Home Reserves

1,978.00

0.00

1,978.00

94.00

1,884.00

b) General Reserves

418.50

139.50

558.00

27.00

531.00

 

 

 

TOTAL EXPENSES

$18,744.50

$5,255.50

$24,000.00

$2,000.00

$22,000.00

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
Assessments

2001

$109.00

$90.00

$18,348.00

2002-2003

$111.00

$92.00

$18,700.00

2004-2006

$126.00

$107.00

$21,340.00

2007-2011

$139.00

$118.00

$23,540.00