Approved

Approved

Budget 2009

Budget 2008

INCOME

Assessments Income - Villa

386,856

358,200

Late Fee Income

600

1,450

Legal Fee Recovery

1,000

Coupon Books

250

LANDPLAN

200

240

Interest Income

12,500

11,200

FRCA License

2,970

Total Income

404,376

371,090

EXPENSES

Administrative:

Returned Check Fees

50

50

Office Expense

800

1,050

Postage

1,000

2,500

Printing

3,500

1,600

Bad Debt Expense

4,776

Misc Administrative Expense

800

Communications/Newletter

600

600

Total Administrative

10,726

6,600

Professional Services:

Audit/Accounting/Tax Preparation

3,000

1,500

Legal/Attorney Fees - General

9,000

8,950

Legal - Collection Matters

1,000

750

Management Fee (Contract)

26,000

25,200

Total Professional Services

39,000

36,400

Taxes and Related:

Federal Income Taxes

1,875

1,680

State Income Taxes

625

561

State Fees/Licenses

250

Total Taxes and Related:

2,750

2,241

Contracted Services:

Grounds Maintenance Contract

44,420

45,000

Gutter Cleaning

10,000

12,000

Snow Plowing Contract

25,000

25,000

Backflow Inspections

6,500

6,500

Irrigation

6,000

10,130

Insurance

39,000

36,600

Grounds Maintenance-Other

5,000

Power Washing

Total Contracted Services

135,920

135,230

Operating:

General Repair/Maintenance

17,482

20,000

Building Maintenance

5,000

5,000

LANDPLAN

5,000

1,000

Tree and Shrub Care

5,000

5,226

Total Operating

32,482

31,226

Utilities:

Water and Sewer

27,500

10,000

Total Utilities

27,500

10,000

Reserves:

Replacement Reserves

147,873

142,234

Interest on reserves

8,125

7,159

Total Reserves

155,998

149,393

Total Expenses and Reserves

404,376

371,090

Net Excess (deficit)

0

0