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RAMS HILL COMMUNITY ASSOCIATION 2004 BUDGET December Year End |
Acct # |
INCOME | Total Units | Unit Dues | Inc. per Unit | Monthly | Annual | 4100 | Association Dues |
400 |
$125.00 | $125.00 | $50,000.00 | $600,000.00 | 4140 | Legal Reimbursement | - | - | - | 4200 | Entrance Maintenance | - | - | - | 4300 | Late Fees | - | - | - | 4500 | Interest | $3.13 | $1,250.00 | $15,000.00 | 4550 | NSF Charges | - | - | - | 4600 | Miscellaneous | - | - | - | TOTAL INCOME: | $128.13 | $51,250.00 | $615,000.00 | EXPENSES: | Cost per Unit | Monthly | Annual | ADMINISTRATIVE EXPENSES: | 5105 | Office Expenses | $1.00 | $400.00 | $4,800.00 | 5110 | Audit/Tax returns | $0.15 | $60.00 | $720.00 | 5112 | Reserve Study | $0.15 | $60.00 | $720.00 | 5120 | Insurance Premium | $2.13 | $850.00 | $10,200.00 | 5130 | Federal Taxes | $0.84 | $335.00 | $4,020.00 | 5135 | State Taxes | $0.19 | $75.00 | $900.00 | 5140 | Legal | $0.75 | $300.00 | $3,600.00 | 5145 | Consulting | - | - | - | 5150 | Management/Accounting Fee | $13.63 | $5,450.00 | $65,400.00 | 5175 | Vehicle Expenses | - | - | - | 5180 | Bad Debt | - | - | - | 5190 | Licenses/Permits | - | - | - | MAINTENANCE EXPENSES: | 5320 | Pest Control | $0.13 | $50.00 | $600.00 | 5350 | Landscape Maintenance | $35.60 | $14,239.00 | $170,868.00 | 5360 | Landscape Supplies | $0.69 | $275.00 | $3,300.00 | 5370 | Janitorial Service | $0.63 | $250.00 | $3,000.00 | 5400 | Gate Repairs | $0.25 | $100.00 | $1,200.00 | 5410 | Waterfall Maintenance | $0.36 | $145.00 | $1,740.00 | 5430 | Tree Trimming | $2.50 | $1,000.00 | $12,000.00 | 5480 | Plumbing Repairs | - | - | - | 5510 | Maintenance & Repairs | $0.69 | $275.00 | $3,300.00 | 5520 | Common Area Supplies | $0.10 | $40.00 | $480.00 | 5550 | Electrical Repairs | $0.20 | $80.00 | $960.00 | OPERATIONAL: | 5030 | Payroll | $14.25 | $5,700.00 | $68,400.00 | 5050 | Payroll Taxes | $3.75 | $1,500.00 | $18,000.00 | 5070 | Office Lease | - | - | - | UTILITIES: | 5910 | Electrical | $2.13 | $850.00 | $10,200.00 | 5915 | Telephone | $0.70 | $280.00 | $3,360.00 | 5920 | Water | $17.50 | $7,000.00 | $84,000.00 | 5930 | Refuse Removal | $0.63 | $250.00 | $3,000.00 | TOTAL EXPENSES: | $98.91 | $39,564.00 | $474,768.00 | 6000 | Allocation to Reserves | $29.22 | $11,686.00 | $140,232.00 | TOTAL | $128.13 | $51,250.00 | $615,000.00 |