2019 APPROVED BUDGET
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SUMMIT VIEW SUBDIVISION HOME OWNER'S ASSOCIATION
2019 APPROVED BUDGET
RESERVE ACCOUNT 5,220.00
PROJECTED INCOME
BALANCE CARRIED FORWARD 1,083.65
DUES 223 LOTS @ $150.00 33,450.00
PROJECTED DUES NOT PAID (5,596.00)
PAST DUE ACCOUNTS COLLECTED $10,242.0065% 6,657.30
ATTY FEES COLLECTED 350.00
TRANSFER FEES COLLECTED 950.00
INTEREST COLLECTED 1,750.00
OIL/GAS ROYALTIES 4,000.00
TOTAL PROJECTED INCOME 42,644.95
PROJECTED EXPENSES
ACCOUNTING PROFFESIONAL FEES 400.00
BANK CHARGES AND FEES 1,450.00
BUSINESS MISC. 2,500.00
INSURANCE 623.00
LANDSCAPE MAINTENANCE/ SNOW REMOVAL 9,500.00
COMMON AREA REPAIRS 4,500.00
LEGAL AND COLLECTIONS 1,650.00
LICENSING AND FEES 1,250.00
OFFICE 2,400.00
POSTAGE 800.00
UTILITIES
ELECTRIC 800.00
WATER 12,500.00
TOTAL PROJECTED EXPENSES 38,373.00
PROJECTED BALANCE 4,271.95
PROJECTED RESERVES 9,491.95
SUMMIT VIEW SUBDIVISION HOME OWNER'S ASSOCIATION
2020 ANNUAL BUDGET
RESERVE ACCOUNT 1,367.00
PROJECTED INCOME
BALANCE CARRIED FORWARD$ 2,506.76
DUES 223 LOTS @ $150.00 33,450.00
PROJECTED DUES NOT PAID (6,500.00)
PAST DUE ACCOUNTS COLLECTED 13,301.17 X 65% 8,645.76
SPECIAL ASSESSMENTS 7,860.75
ATTY FEES COLLECTED 350.00
TRANSFER FEES COLLECTED 1,200.00
INTEREST COLLECTED 750.00
OIL/GAS ROYALTIES 4,000.00
TOTAL PROJECTED INCOME 52,263.27
PROJECTED EXPENSES
ACCOUNTING PROFFESIONAL FEES 400.00
BANK CHARGES AND FEES 600.00
CREDIT CARD FEES 850.00
BUSINESS MISC. 2,500.00
INSURANCE 623.00
LANDSCAPE MAINTENANCE/ SNOW REMOVAL 9,500.00
COMMON AREA REPAIRS 4,500.00
LEGAL AND COLLECTIONS 1,650.00
LICENSING AND FEES 1,250.00
OFFICE 2,400.00
POSTAGE 800.00
TRAVEL 643.12
UTILITIES
ELECTRIC 1,120.00
WATER 12,500.00
PHONE/ INTERNET 1,425.00
TOTAL PROJECTED EXPENSES 40,761.12
PROJECTED BALANCE 11,502.15
PROJECTED RESERVES 12,869.15
SUMMIT VIEW SUBDIVISION HOME OWNER'S ASSOCIATION
2021ANNUAL BUDGET
PROJECTED INCOME
BALANCE CARRIED FORWARD 9,302.27
DUES 223 LOTS @ $150.00 33,450.00
PROJECTED DUES NOT PAID (6,500.00)
PAST DUE ACCOUNTS COLLECTED 12,470.53 X 65% 8,105.84
SPECIAL ASSESSMENTS
ATTY FEES COLLECTED 350.00
TRANSFER FEES COLLECTED 1,900.00
INTEREST COLLECTED 300.00
OIL/GAS ROYALTIES 2,500.00
TOTAL PROJECTED INCOME 49,408.11
PROJECTED EXPENSES
ACCOUNTING PROFFESIONAL FEES 1,200.00
BANK CHARGES AND FEES 500.00
CREDIT CARD FEES 850.00
BUSINESS MISC. 1,600.00
INSURANCE 543.00
LANDSCAPE MAINTENANCE/ SNOW REMOVAL 13,500.00
COMMON AREA REPAIRS 4,000.00
LEGAL AND COLLECTIONS 2,500.00
LICENSING AND FEES 1,250.00
OFFICE 4,800.00
POSTAGE 1,200.00
TRAVEL 600.00
UTILITIES
ELECTRIC 1,120.00
WATER 7,500.00
PHONE/ INTERNET 750.00
TOTAL PROJECTED EXPENSES 41,913.00
PROJECTED BALANCE 7,495.11