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Financial Information > 2021 Approved budget


1 Jan 2021

                    2021  
            Jan - Aug 20   Jan - Aug 19   Covid Regular
  Ordinary Income/Expense            
      Income              
        2017 Regular Assessment 10.00   200.00      
        2018 Annual Assessment 10.00   210.00      
        2019 Annual Assessment 0.00   29,870.00      
        2020 Annual Assessment 34,274.03   0.00      
        Returned Check Charges 0.00   12.00      
      Total Income 34,294.03   30,292.00   25950 34600
    Gross Profit   34,294.03   30,292.00      
      Expense            
        Administrative 815.00   743.69   1000 1000
        Bank Service Charges 0.00   24.00      
        Fees, License and Taxes 61.25   61.25   100 100
        Ground Maintenance 9,397.00   7,992.00   15000 15000
        Holiday decorations 0.00   168.94      
        Insurance 2,237.00   2,212.00   2500 2500
        Legal Fees            
          Property expenses -300.41   584.00      
          Retainer and consulting 421.30   365.34   425 425
        Total Legal Fees 120.89   949.34      
        Merchant deposit fees 511.20   309.82   500 500
        Postage and Meter Rental 285.96   285.96   320 320
        Repairs & Maintenance 0.00   445.00      
        Resident get together 0.00   336.02      
        Sprinkler Maintenance & Repair 507.70   1,406.78   600 600
        Storage Unit 727.27   1,111.71   1000 1000
        Utilities 134.39   213.47   200 200
        Violation Management 2,496.90   2,305.00   4000 4000
      Total Expense 17,294.56   18,564.98   25645 25645
  Net Ordinary Income 16,999.47   11,727.02      
  Other Income/Expense            
    Other Income            
      Estoppel 600.00   150.00      
      Interest Income 19.73   10.49      
      Other Miscellaneous Income 241.00   0.00      
    Total Other Income 860.73   160.49      
    Other Expense            
      Wall & swale reserve expense            
        Iguana COntrol 0.00   1,000.00      
        Landscaping 0.00   2,600.00      
        Wall & swale reserve expense - Other 500.00   0.00      
      Total Wall & swale reserve expense 500.00   3,600.00      
    Total Other Expense 500.00   3,600.00      
  Net Other Income 360.73   -3,439.51      
Net Income       17,360.20   8,287.51   305 8955
                       
                       
          reserve at 8/31         12800  
          checking at 8/31         18600  
          Sept - Dec expenses         -7013  
          potential reserve at 12/31         24387  

Revised 9/17/2019 DG