125 units @ $87.50/per month

 

 

 

INCOME

 

   Prepaid Account

 

   Association Fees

     131,250

   Surplus

 

   Late Fees

1,000

   Miscellaneous

 

   Interest

 

   Pool Rental

200

   Refunds

 

TOTAL INCOME

     132,450

 

 

EXPENSES

 

   Repairs & Maintenance

 

     Ins. Claim Repairs

        1,000

     Plumbing

        4,000

     Tree/Bush Trimming

        1,000

     Grounds Maintenance

        5,000

     Landscaping

        2,000

     Repairs & Maintenance

        2,200

     Trash Removal

           200

     Snow Removal

        3,000

     Fertilization & Seeding

           500

     Curb/Sidewalk Repair

             -  

   Total Repairs & Maintenance

       18,900

 

 

   Utilities

 

     Water/Sewer

13,000

     Street Lights

5,500

   Total Utilities

18,500

 

 

   Administration

 

     Non-Payments

2,000

     Office Expense

600

     Miscellaneous

100

     Insurance

17,555

     Legal

750

    Taxes

1,000

     Management (6 Mtgs.)

17,400

     Dues & Subscriptions

100

     Newsletter/Minutes

50

     Social Expense

200

     Administrative Expense

400

     Donations

300

     Community Park

2,000

   Total Administration

42,455

 

 

   Pool Expense

 

     Pool Management Fee

15,460

     Pool Repair 

        5,000

     Pool Supplies

1,500

     Pool Telephone

300

     Pool Electric

2,500

     Pool Furniture

250

   Total Pool Expense

25,010

 

 

   Reserves

 

     Plumbing Reserves

3,600

     Monthly Transfer

7,500

     Road Reserve

15,000

     Snow Reserve

1,000

TOTAL RESERVE

27,100

 

 

TOTAL EXPENSE

131,965

 

 

      Surplus/Deficit

           485

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