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