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Finance Committee |
Ternbridge
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Finance Committee |
Ternbridge
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TERNBRIDGE HOMEOWNERS ASSOCIATION INC. |
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| APPROVED 2008 OPERATING BUDGET | ||||||
| ESTIMATED | ||||||
| 2007 BUDGET | 2007 ACTUAL | 2008 BUDGET | ||||
| INCOME: | ||||||
| MAINTENANCE ASSESSMENTS | 433,400.00 | 433,400.00 | 433,400.00 | |||
| CARRY OVER OF 2007 SURPLUS | 5,523.24 | |||||
| INTEREST/MISC. INCOME | 2,000.00 | 16,000.00 | 7,000.00 | |||
| TOTAL INCOME | 435,400.00 | 449,400.00 | 445,923.24 | |||
| EXPENSES: | ||||||
| OPERATING | ||||||
| ELECTRICITY & WATER | 18,500.00 | 14,800.00 | 16,000.00 | |||
| TELEPHONE | 3,500.00 | 3,400.00 | 3,700.00 | |||
| LAWN MAINTENANCE | 57,000.00 | 51,285.00 | 54,600.00 | |||
| LANDSCAPE REPLACEMENT | 20,000.00 | 15,000.00 | 10,000.00 | |||
| TREE MAINTENANCE | 10,000.00 | 13,000.00 | 15,000.00 | |||
| IRRIGATION | 10,000.00 | 10,700.00 | 10,700.00 | |||
| SECURITY | 160,000.00 | 205,000.00 | 210,000.00 | |||
| SECURITY MODIFICATIONS | 22,500.00 | 6,000.00 | 10,000.00 | |||
| TENNIS AREA MAINT. | 8,000.00 | 6,000.00 | 1,000.00 | |||
| ENTRY GATES/GATEHOUSE | 8,000.00 | 20,000.00 | 10,938.24 | |||
| GEN. MAINT. & HURRICANE | 29,000.00 | 15,000.00 | 15,000.00 | |||
| TRAFFIC/SPEED CONTROL | 2,500.00 | 0.00 | 2,000.00 | |||
| TOTAL OPERATING EXPENSES | 349,000.00 | 360,185.00 | 358,938.24 | |||
| ADMINISTRATIVE EXPENSES | ||||||
| LEGAL FEES | 2,635.00 | 3,000.00 | 3,500.00 | |||
| CPA SERVICES | 2,200.00 | 1,800.00 | 2,000.00 | |||
| MANAGEMENT/ACCOUNTING | 23,500.00 | 23,500.00 | 24,205.00 | |||
| SUPPLIES/COPIES/POSTAGE | 4,000.00 | 3,600.00 | 4,000.00 | |||
| TERRAMAR ASSOC. DUES | 20,486.72 | 16,728.48 | 17,230.00 | |||
| LICENSES/FEES/PERMITS | 200.00 | 200.00 | 200.00 | |||
| MISCELLANEOUS EXPENSE | 250.00 | 250.00 | 250.00 | |||
| BAD DEBT EXPENSE | 1,785.00 | 2,000.00 | ||||
| INSURANCE | 3,600.00 | 3,300.00 | 3,600.00 | |||
| TOTAL ADMINISTRATION EXPENSE | 56,871.72 | 54,163.48 | 56,985.00 | |||
| RESERVE EXP. | ||||||
| PAVING | 10,000.00 | 10,000.00 | 10,000.00 | |||
| CAPITAL IMPROVEMENTS | 19,528.28 | 19,528.28 | 20,000.00 | |||
| TOTAL RESERVE EXPENSE | 29,528.28 | 29,528.28 | 30,000.00 | |||
| TOTAL EXP. | 435,400.00 | 443,876.76 | 445,923.24 | |||
| TOTAL SURPLUS (DEFICIT) | 0.00 | 5,523.24 | 0.00 | |||
| 2008 Quarterly Assessment: | $550.00 | per lot | ||||
