Westview Homeowners Association
Proposed Budget for the Year Ending December 31, 2003
INCOME:
Homeowners' Assessments:
($75.00 x 139 Homes) $10,425
Use accumulated funds from prior years assessments $4,900
Interest income (estimated) $500
Total Income $15,825
EXPENSES:
Administrative:
Postage, Printing & Supplies (newsletter, fliers,
     secretarial service, P.O. Box, stamps, etc.) $1,000
Professional Fees (auditing and legal) $1,000
Taxes and Filing Fees $700
Website hosting/URL fees* $150
Total Administrative $2,850
Operating:
Grounds, Maintenance & Landscaping $7,700
Repairs $1,000
Electric, light bulbs & fixtures $800
Other (safety, block party, yard sales, misc.) $150
Water bill for irrigation system $750
Irrigation shutdown/start-up $180
Outside billing and bookkeeping services $1,000
Total Operating $11,580
Insurance:
Directors/Officers Liability, General $1,000
Liability & Property Hazard $100
Total Insurance $1,100
Reserves:
Capital Improvements/Contingency $295
Total Reserves $295
Total Expenses: $15,825
NET INCOME $0