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| 2012 Budget (approved at annual association meeting 9-10-12) |
| Village Condominium North Condominium Association |
2012 BUDGET
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Comments
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| Average Number of Lot Owners | 38 | |
| New Units | 4 | |
| Revenue | ||
| Unit Owners Dues/Month | $240 | |
| Working Capital Contributions | $1920 | |
| Total Owner Dues | $109,440 | |
| Developer Subsidy (see note) | $5,000 | |
| Capital Reserve Assessment | $1,920 | |
| Total Association Revenue | $125,480 | |
| EXPENSES | ||
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Property Management (added by Board as part of transition) |
$10,000 | |
| Association Meetings | $120 | |
| Insurance | $11,250 | |
| Administration, office supplies and postage | $200 | |
| Legal & Accounting | $120 | |
| Landscape & Snow removal contract and Spring clean-up. See contract for detail | $51,437 | |
| Fertilizer & Grubb Control | $4,200 | |
| Electricity - Street Lights, Entry & Irrigation | $2,388 | |
| Water - Landscape Irrigation | $7,000 | |
| Water- Fire Hydrant Fee | $1,610 | |
| Repairs/Maintenance of Units and Common Area | $16,000 | |
| Club House | ||
| Maintenance, Janitorial, Repairs & Supplies | $1,200 | |
| Cable/Internet | $1,364 | |
| Electric | $2,050 | |
| Water/Sewer- Pool & Club | $1,200 | |
| Gas-Clubhouse & Pool Heat | $2,800 | |
| Rubbish Removal | $324 | |
| Pool Maintenance | $3,600 | |
| Reserves | ||
| Reserves for Road Maintenance | ||
| Reserves for Building Maintenance | ||
| Reserves for Club House | ||
| Contingency Reserves | ||
| Capital Reserves | $9,120 | |
| TOTAL EXPENSES | $125,983 | |
| REVENUE-EXPENSES | $503 | |
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