22 Nov 2023
FRANKLIN FARMS HOMEOWNERS ASSOCIATION, INC.
APPROVED ANNUAL OPERATING BUDGET
January 1, 2024-December 31, 2024
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2023 Approved Budget |
2023 Projected |
2024 Approved Budget |
| Management |
$ 15,600.00 |
$ 15,600.00 |
$ 16,380.00 |
| Accounting CPA |
$ 250.00 |
$ 350.00 |
$ 450.00 |
| Legal Fees |
$ 500.00 |
$ 250.00 |
$ 750.00 |
| Insurance |
$ 2,000.00 |
$ 1,503.48 |
$ 2,200.00 |
| Licenses/Permits/Fees |
$ 62.00 |
$ 122.50 |
$ 62.00 |
| Office Supplies/Postage/Copies |
$ 500.00 |
$ 225.00 |
$ 400.00 |
| Landscaping/Groundskeeping |
$ 12,000.00 |
$ 11,300.00 |
$ 11,900.00 |
| Repairs/Maintenance/Supplies |
$ 3,728.00 |
$ 1,160.00 |
$ 2,618.00 |
| Storage Unit |
$ 1,950.00 |
$ 2,121.00 |
$ 2,300.00 |
| Holiday Lighting |
$ 2,000.00 |
$ 2,000.00 |
$ 2,000.00 |
| Community Engagement |
$ 750.00 |
$ 244.83 |
$ 1,000.00 |
| Off Duty Patrol |
$ - |
$ - |
$ 1,000.00 |
| Electricity |
$ 450.00 |
$ 458.00 |
$ 460.00 |
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$ 39,790.00 |
$ 35,334.81 |
$ 41,520.00 |
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| HOA Income |
2023 Approved |
2023 Projected |
2024 Proposed |
| HOA Dues |
$ 39,790.00 |
$ 39,790.00 |
$ 41,520.00 |
| Total Income |
$ 39,790.00 |
$ 39,790.00 |
$ 41,520.00 |
| ANNUAL MAINTENANCE FEE - $240/HOME |
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