Westview Homeowners Association |
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Proposed
Budget for the Year Ending December 31, 2003 |
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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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