| Westview Homeowners Association |
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| Proposed
Budget for the Year Ending December 31, 2002 |
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| INCOME: |
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| Homeowners' Assessments: |
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| ($75.00 x 139 Homes) |
$10,425 |
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| Use accumulated funds
from prior years assessments |
$4,900 |
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| Interest income
(estimated) |
$500 |
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| Total Income |
$15,825 |
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| EXPENSES: |
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| Administrative: |
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| Postage, Printing &
Supplies (newsletter, fliers, |
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| secretarial service, P.O. Box, stamps,
etc.) |
$1,000 |
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| Professional Fees
(auditing and legal) |
$1,000 |
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| Taxes and Filing Fees |
$700 |
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| Website hosting/URL
fees* |
$150 |
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| Total
Administrative |
$2,850 |
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| Operating: |
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| Grounds, Maintenance
& Landscaping |
$7,700 |
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| Repairs |
$1,000 |
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| Electric, light bulbs
& fixtures |
$800 |
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| Other (safety, block
party, yard sales, misc.) |
$150 |
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| Water bill for
irrigation system |
$750 |
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| Irrigation
shutdown/start-up |
$180 |
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| Outside billing and
bookkeeping services |
$1,000 |
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| Total
Operating |
$11,580 |
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| Insurance: |
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| Directors/Officers
Liability, General |
$1,000 |
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| Liability & Property
Hazard |
$100 |
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| Total
Insurance |
$1,100 |
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| Reserves: |
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| Capital
Improvements/Contingency |
$295 |
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| Total Reserves |
$295 |
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| Total
Expenses: |
$15,825 |
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| NET INCOME |
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$0 |
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