870 Inman



2013 Proposed Operating Budget

Posted by Hunter Ford on November 13, 2012

Expenses Annually Monthly
General & Administrative
Management Fees $9,600 $800.00
On-Site Payroll & Benefits $48,972 $4,081.00
Miscellaneous Admin $0 $0.00
Tax Preparation $450 $37.50
Professional Services $1,800 $150.00
IP Master Association Dues $34,940 $2,911.67
Master Association Dues $39,096 $3,258.00
Insurance $994 $82.83
Office Expenses $4,200 $350.00
Bank Charges $40 $3.33
Communications
Social & Activity Events $1,000 $83.33
Utilities Utilities Utilities
Common Area Electricity $43,200 $3,600.00
Natural Gas $14,400 $1,200.00
Water & Sewer $6,840 $570.00
Trash Removal $51,600 $4,300.00
Cable/Internet $2,604 $217.00
Landscaping
Landscaping Contract $10,830 $902.50
Landscape Expenses $0 $0.00
Maintenance
Pool/Clubroom Supplies $6,150 $512.50
Gate Access Systems $1,620 $135.00
Electrical Maintenance $480 $40.00
Plumbing Maintenance $240 $20.00
Parking Facility Maintenance $840 $70.00
Elevator Service Repairs $6,279 $523.25
Fire Life Safety Inspections $4,115 $342.92
HVAC Service $2,400 $200.00
Common Area Supplies $7,000 $583.33
Common Area Maintenance & Repair $0 $0.00
Contract Services
Trash Removal Services $9,800 $816.67
Pest Control $1,700 $141.67
Contract Services/ Maintenance $23,040 $1,920.00
Janitorial Cleaning Service $21,300 $1,775.00
Reserves Reserves Reserves
Reserve Contribution $50,000 $4,166.67
Epic (Leaks) $0 $0.00
Total Expenses $405,530 $33,794.17
Revenues Annually Monthly
Income
Membership Assessments $340,538 $28,378.17
Initiation Fee $0 $0.00
Interest Earned (Operating) $0 $0.00
Interest Earned (Reserves) $0 $0.00
NSF Fees Collected $0 $0.00
Other Income $64,992 $5,416.00
Reserves
Transfer from Reserves $0 $0.00
Total Revenues $405,530 $33,794.17
Budget Deficit/Surplus Annually Monthly
Revenues Revenues Revenues
Total Revenues $405,530 $33,794.17
Expenses Expenses Expenses
Total Expenses $405,530 $33,794.17
Total Budget Deficit/Surplus $0.00 $0.00