| Proposed
2007 Budget
Income:
|
|
|
|
|
|
|
|
Association Fees |
$ 250.00 |
Per house |
|
$ 81,750.00 |
|
Pool Rental |
|
|
|
|
$ 1,000.00 |
| Late
Fees |
|
|
|
|
$ 5,000.00 |
| Total Income: |
|
|
|
|
|
$ 87,750.00 |
|
|
|
|
|
|
|
| Fixed
Operating Expenses: |
|
|
|
Cost |
|
Management Fees: |
|
|
|
|
|
MRA charges $3.75 per
month per house- for 2007 |
|
$ 14,715.00 |
|
|
|
|
|
|
|
Total Management Fees |
|
|
$
12,753.00 |
|
Insurance Expense: |
|
|
|
|
|
Covers General Liability
& Director's & Officers |
|
$ 4,300.00 |
|
Accounting Services: |
|
|
|
|
|
Covers the preparation to
tax returns |
|
|
$ 250.00 |
|
Annual Meeting: |
|
|
|
|
|
Hall Rental for annual
community meeting (2) |
|
$ 500.00 |
|
Pool |
|
|
|
|
|
|
Pool Management Company |
|
|
$ 22,516.00 |
|
Grounds & Maintenance |
|
|
|
|
|
Grass Cutting, Mulching,
Trees, Shrubs, Entrances & Pool |
$ 12,500.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
Fixed Operating Expenses |
|
|
|
$
54,781.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Varaible
Operating Expenses: |
|
|
|
|
|
Legal Fees: |
|
|
|
|
|
|
Collections & Liens |
|
|
|
$ 5,000.00 |
|
Covanent violations |
|
|
|
|
|
Legal Fees owed for 2006 |
|
|
|
|
Total Legal
Fees |
|
|
$ 5,000.00 |
|
|
|
|
|
|
|
Office Supllies: |
|
|
|
|
|
|
Covers costs
of community |
Mailings |
|
|
$ 3,000.00 |
|
Pool Operating
Expenses: |
|
|
|
|
Taxes - Water
& Sewer benefit |
|
|
$ 1,575.00 |
|
Water Bills |
|
|
$ 450.00 |
|
Pool Chemicals |
|
|
|
$ 1,500.00 |
|
Pool Improvements |
|
|
|
$ 5,768.00 |
|
Supplies |
|
|
|
|
$ 1,000.00 |
|
BGE |
|
|
|
|
$ 4,000.00 |
|
Repairs & Maintenance |
|
|
|
$ 2,500.00 |
|
Phone |
|
|
|
|
$ 500.00 |
|
Total Variable Pool
Operating Expense |
|
$ 17,293.00 |
|
|
|
|
|
|
|
|
HOA Sponsored Events: |
|
|
|
$ 2,000.00 |
|
Emergency Tree Removal |
|
|
|
$ 650.00 |
|
Reserve |
|
|
|
|
$ 2,622.00 |
|
Delinquent Accounts |
|
|
|
$ 2,212.00 |
|
Misc. - Contingen |
cy |
|
|
|
$ 192.00 |
| Total
Variable Operating Expense |
|
|
|
$
32,969.00 |
|
|
|
|
|
|
|
| Total
Expenses (Fixed & Variable) |
|
|
|
$
87,750.00 |
|
|
|
|
|
|
|
| Total
Income/Deficit: |
|
|
|
|
$
0.00 |
BEACHWOOD ESTATES HOMEOWNERS ASSOCIATION, INC.
|
|
|
|
|
