31 Dec 2005
Franklin Farms Homeowners Assn., Inc.
2005 Annual Report
The compilation of our 2005 financial report is complete and is summarized below. Copies of detailed reports are available to any homeowner if requested from Secretary/Treasurer Denise Glaser.
Income |
Assessments |
|
18,920.00 |
|
|
Estoppel income |
|
1,200.00 |
|
|
Late fees collected |
|
200.00 |
|
|
Interest on money market |
|
24.73 |
|
|
Interest on assessments |
|
3.75 |
|
Total Income |
|
|
20,348.48 |
|
|
|
|
|
|
|
|
|
|
Expenses |
Administrative & website |
|
1,377.39 |
|
|
Annual audit |
|
524.00 |
|
|
Annual meeting |
|
132.43 |
|
|
Chemicals |
|
63.72 |
|
|
Ground Maintenance |
|
8,699.40 |
|
|
Insurance |
|
2,743.42 |
|
|
Legal & accounting |
|
8,702.64 |
|
|
Newsletters |
|
75.26 |
|
|
Sprinkler repairs |
|
219.00 |
|
|
Utilities |
|
414.88 |
|
Total Operating Expenses |
|
|
22,952.14 |
Total Reserve Expenses |
|
|
3,834.00 |
|
|
|
|
|
Excess of expenses over collections |
|
|
6,437.66 |
|