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| 2010 Budget |
| Projected Condominium
North Association Budget - May 2010 Subject to Modification by Board of Directors |
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Projected
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2010 Budget
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Comments
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| Average Number of Lot Owners | 28 | |
| Revenue | ||
| Unit Owners Dues/Month | $209 | |
| Working Capital Contributions | $792 | |
| Total Owner Dues | $70,224 | |
| Developer Subsidy | $5,800 | |
| Interest Income | $22 | |
| Total Association Revenue | $76,838 | |
| EXPENSES | ||
| Property Management | $0 | |
| Association Meetings | $180 | |
| Insurance | $10,047 | |
| Management & Administratioon | $100 | |
| Legal & Accounting | $85 | |
| Snowplowing & Shoveling (per storm/snow depth) | $13,480 | |
| Landscape Maintenance including Spring / Fall Clean-up | $21,020 | |
| Fertilizer & Grubb Control | $3,965 | |
| Electricity - Street Lights, Entry & Irrigation | $2,050 | |
| Water - Landscape Irrigation | $3,550 | |
| Water- Fire Hydrant Fee | $1,562 | |
| Repairs & Maintenance of Building/Common Area & Irrigation System | $2,200 | |
| Club House | ||
| Maintenance, Janitorial, Repairs & Supplies | $2,000 | |
| Cable/Internet | $1,320 | |
| Electric | $2,000 | |
| Water/Sewer- Pool & Club | $1,400 | |
| Gas-Clubhouse & Pool Heat | $3,200 | |
| Rubbish Removal | $324 | |
| Pool Maintenance | $1,200 | |
| Reserves | ||
| Reserves for Road Maintenance | $1,000 | |
| Reserves for Building Maintenance | $1,300 | |
| Reserves for Club House | $280 | |
| Contingency Reserves | $4,500 | |
| TOTAL EXPENSES | $76,763 | |
| REVENUE-EXPENSES | $75 | |
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