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Administration >> Archived 2002-2004 Association Budgets
Board, Officers and Management |
Association Budget Main Page
| ALDEN
GLEN
COMMUNITY ASSOCIATION, INC. |
| ADOPTED OPERATING BUDGET |
| APRIL 1, 2004 - MARCH 31, 2005 |
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Adopted |
Audit |
Adopted |
Projected |
Proposed |
|
02/03 |
02/03 |
03/04 |
03/04 |
04/05 |
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| INCOME |
$193.00 |
QTR FEE
= |
$197.00 |
QTR FEE
= |
$197.00 |
| Assessment Fees |
$133,558 |
$133,556 |
$136,324 |
$136,324 |
$136,326 |
| Interest Income |
1,293 |
1,183 |
1,771 |
2,051
|
3,613
|
| Late Fee &
Misc. Inc. |
100 |
0 |
100 |
100 |
100 |
| Transfer From
Reserves |
35,000 |
0 |
32,400 |
24,250 |
1,986 |
| Miscellaneous
Income |
0 |
0 |
0 |
100,000 |
0 |
| TOTAL
INCOME |
$169,951 |
$134,739 |
$170,595 |
$262,725 |
$142,025 |
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| EXPENSES |
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| UTILITIES |
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| Electricity |
$2,300
|
$2,056 |
$2,400
|
$1,925 |
$2,055
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| Sub-total |
$2,300 |
$2,056 |
$2,400 |
$1,925 |
$2,055 |
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| MAINTENANCE -
REPAIRS |
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| Electrical
Repairs |
$2,000
|
$1,893
|
$2,000
|
$460 |
$1,000
|
| General
Maintenance & Supplies |
1,500 |
715 |
1,500 |
5,337 |
3,000 |
| Sub-total |
$3,500 |
$2,608 |
$3,500 |
$5,797 |
$4,000 |
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| CONTRACTED
SERVICES |
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| Grounds
Maintenance |
$29,520
|
$34,527
|
$30,720
|
30,720 |
$30,936
|
| Grounds
Improvements |
3,000 |
1,721 |
2,000 |
0 |
2,000 |
| Trash Removal |
19,930 |
18,686 |
20,951 |
20,490 |
20,490 |
| Snow Removal |
5,000 |
14,830 |
5,000 |
16,150 |
10,000 |
| Street Cleaning |
800 |
0 |
800 |
600 |
700 |
| Tree Maintenance |
3,000 |
6,075 |
6,000 |
6,375 |
6,000 |
| Sub-total |
$61,250 |
$75,839 |
$65,471 |
$74,335 |
$70,126 |
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| PROFESSIONAL
SERVICES |
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| Management
Contract |
$11,967
|
$11,938 |
$11,967
|
$12,176 |
$12,668 |
| Legal Services |
4,000 |
16,191 |
3,680 |
15,967 |
9,000 |
| Legal Services
Reimburse. |
(1,000) |
(4,845) |
(1,000) |
(7,697) |
(1,000) |
| Architect &
Engineers Services |
2,000 |
0 |
2,000 |
2,120 |
0 |
| Audit Services |
1,750 |
1,700 |
1,500 |
1,775 |
1,775 |
| Sub-total |
$18,717 |
$24,983 |
$18,147 |
$24,342 |
$22,443 |
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| ADMINISTRATIVE
EXPENSES |
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| Checks &
Coupons |
$50
|
$222 |
$374
|
$148 |
$200
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| Postage |
2,200 |
1,214 |
1,750 |
1,588 |
1,480 |
| Printing & Copying |
2,400 |
1,918 |
1,750 |
2,771 |
2,000 |
| Bad Debt |
2,000 |
(2,224) |
1,000 |
0 |
0 |
| Miscellaneous
Administrative |
2,003 |
1,897 |
2,400 |
2,994 |
1,300 |
| Sub-total |
$8,653 |
$3,028 |
$7,274 |
$7,501 |
$4,980 |
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| INSURANCE &
TAXES |
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| Property
Insurance |
$1,318
|
$1,279
|
$1,318
|
$1,344 |
$1,385 |
| Income Taxes |
300 |
8,220 |
200 |
180 |
20,000 |
| SCC Fee |
25 |
25 |
25 |
25 |
25 |
| CICMIF Fee |
25 |
25 |
25 |
25 |
25 |
| Permits &
Licenses |
0 |
0 |
0 |
0 |
0 |
| Sub-total |
$1,668 |
$9,549 |
$1,568 |
$1,574 |
$21,435 |
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| TOTAL OPERATING
EXP'S |
$96,088 |
$118,063 |
$98,360 |
$115,474 |
$125,039 |
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| CAPITAL
EXPENDITURES |
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| Tennis/Basketball
Court Repairs |
$0
|
$0
|
$19,500 |
$22,125 |
$1,500 |
| Asphalt Trail
Repairs |
$0 |
$0 |
$12,900 |
$1,440 |
$486 |
| Major Repairs -
Street Light |
$35,000
|
$0 |
$0
|
$685 |
$0 |
| Sub-total |
$35,000 |
$0 |
$32,400 |
$24,250 |
$1,986 |
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| REPLACEMENT
RESERVES |
$38,863
|
$40,009 |
$39,835
|
$39,835 |
$35,000
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| PRIOR YEARS
SURPLUS |
$0
|
$0
|
$0
|
$0
|
($20,000) |
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| TOTAL EXPENSES |
$169,951 |
$158,072 |
$170,595 |
$179,559 |
$142,025 |
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| SURPLUS /
(DEFICIT) |
$0 |
($23,333) |
$0 |
$83,166 |
$0 |
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