| FY09 Fiscal Budget |
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Based on Assessement
rate of: |
$0.28 |
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| Approved 2/4/08 |
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|
FY09 |
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ACCRUAL |
CASH |
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| ACCT |
DESCRIPTION |
Mar-08 |
Apr-08 |
May-08 |
Jun-08 |
Jul-08 |
Aug-08 |
Sep-08 |
Oct-08 |
Nov-08 |
Dec-08 |
Jan-09 |
Feb-09 |
BUDGET |
BUDGET |
|
|
|
|
Comments |
|
| 4100 |
ASSESSMENTS-SINGLE FAMILY |
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
153,910.74
|
$1,846,928.92
|
$1,846,928.92 |
|
|
|
|
New SDAT numbers |
|
|
| |
POOL MEMBERSHIP ASSESSMENTS |
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
6,848.33
|
$82,180.00 |
82,180.00 |
|
|
|
|
No change in rate ($35 x 2348 units) TOWNHOME
POOLS NEED LINE |
|
| |
SINGLE FAMILY TRASH ASSESSMTS |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
31,731.70 |
$380,780.40
|
380,780.40 |
- |
|
|
|
190.20 x 2002 single
family |
|
| |
TOTAL SF ASSESSMENTS |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
192,490.78 |
2,309,889.32 |
2,309,889.32 |
- |
|
#VALUE! |
|
|
|
| 4102 |
ASSESSMENTS-CONDOMINIUM |
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
2,391.66
|
$28,699.89 |
$28,699.89
|
16,813.26 |
- |
28,699.89 |
|
New SDAT numbers |
|
|
| 4103 |
ASSESSMENTS-VACANT LOTS |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
15,100.00 |
$181,200.00
|
181,200.00 |
97,943.06 |
- |
181,200.00 |
|
No rate change ($300 x 604) |
|
| 4107 |
ALLOWANCE FOR NEW HOMES |
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
2,083.33
|
25,000.00 |
25,000.00 |
- |
- |
25,000.00 |
|
|
|
| 4101 |
TOWNHOUSE ASSESSMENTS |
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
12,931.63
|
$155,179.52
|
155,179.52 |
79,019.35 |
- |
155,179.52 |
|
New SDAT numbers |
|
|
| 4150 |
MAINTENANCE FEE-NRTHSHRE TH |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
2,580.80 |
30,969.60 |
30,969.60 |
18,716.50 |
- |
30,969.60 |
|
Based on Actuals / Work sheets |
|
| 4151 |
MAINTENANCE FEE-SUMMERFLD TH |
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
2,826.12
|
33,913.40 |
33,913.40 |
24,129.79 |
- |
33,913.40 |
|
Based on Actuals / Work sheets |
|
| 4152 |
MAINTENANCE FEE-LAKE ANITA TH |
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
2,131.79
|
25,581.45 |
25,581.45 |
14,860.45 |
- |
25,581.45 |
|
Based on Actuals / Work sheets |
|
| 4154 |
MAINTENANCE FEE-AUD TER N TH |
547.50 |
547.50 |
547.50 |
547.50 |
547.50 |
547.50 |
547.50 |
547.50 |
547.50 |
547.50 |
547.50 |
547.50 |
6,570.00 |
6,570.00 |
|
|
|
|
|
| 4201 |
OUTSIDE POOL MEMBERSHIP |
15,750.00 |
13,125.00 |
5,250.00 |
5,250.00 |
|
-
|
-
|
-
|
- |
-
|
-
|
-
|
39,375.00 |
39,375.00 |
37,188.50 |
- |
39,375.00 |
|
Estimate to sell 75 @ $525 |
|
| 4204 |
POOL RELATED INCOME |
-
|
-
|
3,000.00 |
1,800.00 |
700.00 |
400.00 |
100.00 |
-
|
- |
-
|
-
|
-
|
6,000.00 |
6,000.00 |
7,129.54 |
- |
6,000.00 |
|
Reduced based on FY08 actuals |
|
| 4400 |
LATE FEES |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
5,200.00 |
62,400.00 |
62,400.00 |
33,974.25 |
- |
62,400.00 |
|
Increased based on FY08 actuals & increased dues |
|
| 4450 |
RECAPTURED LEGAL FEES |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
1,000.00 |
12,000.00 |
12,000.00 |
|
|
|
Increased based on FY08 actuals |
|
| 4500 |
INTEREST - checking |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
1,250.00 |
15,000.00 |
15,000.00 |
2,740.78 |
- |
15,000.00 |
|
No change |
|
| 4520 |
CABLE FRANCHISE INCOME |
8,000.00 |
-
|
8,000.00 |
-
|
8,000.00 |
-
|
8,000.00 |
-
|
9,000.00 |
-
|
9,000.00 |
-
|
50,000.00 |
50,000.00 |
18,309.56 |
22,200.00 |
27,800.00 |
|
Increased based on FY08 actuals |
|
| 4810 |
LAKETALK ADVERTISEMENTS |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
3,000.00 |
36,000.00 |
36,000.00 |
9,496.00 |
11,395.20 |
24,604.80 |
|
Increase based on FY08 actuals |
|
| 4820 |
ECC APPLICATION FEES
& POST |
400.00 |
500.00 |
900.00 |
900.00 |
900.00 |
900.00 |
860.00 |
600.00 |
600.00 |
600.00 |
640.00 |
200.00 |
8,000.00 |
8,000.00 |
4,455.00 |
5,346.00 |
2,654.00 |
|
No change |
|
| 4822 |
BOAT RACK RENTAL |
6,400.00 |
2,000.00 |
800.00 |
800.00 |
800.00 |
500.00 |
500.00 |
200.00 |
|
-
|
-
|
-
|
12,000.00 |
12,000.00 |
|
|
|
Increased based on FY08 actuals |
|
| 4823 |
BOAT FEES |
6,000.00 |
1,875.00 |
450.00 |
600.00 |
225.00 |
30.00 |
30.00 |
-
|
- |
-
|
-
|
-
|
9,210.00 |
9,210.00 |
8,740.00 |
9,495.00 |
(285.00) |
|
Increased based on FY08 actuals |
|
| 4831 |
PROPERTY TRANSFER FEES |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
6,000.00 |
6,000.00 |
70.00 |
|
6,000.00 |
|
No change |
|
| 4829 |
BUILDING PERMIT INCOME |
500.00 |
500.00 |
500.00 |
1,000.00 |
500.00 |
500.00 |
-
|
-
|
500.00 |
-
|
-
|
-
|
4,000.00 |
4,000.00 |
3,900.00 |
4,680.00 |
(680.00) |
-14.5% |
No change |
|
| 4830 |
RESALE PACKAGES |
250.00 |
250.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
250.00 |
250.00 |
5,000.00 |
5,000.00 |
11,900.00 |
14,280.00 |
(9,280.00) |
|
No change |
|
| 4850 |
WESTWINDS GROUNDS REIMBURSEMENT |
5,623.00 |
-
|
-
|
-
|
- |
-
|
-
|
-
|
- |
-
|
-
|
-
|
5,623.00 |
5,623.00 |
7,300.93 |
13,607.00 |
(7,984.00) |
-58.7% |
per 2000 MOU |
|
| 4900 |
OTHER INCOME |
-
|
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
-
|
200.00 |
200.00 |
11,303.95 |
2,000.00 |
(1,800.00) |
-90.0% |
No change |
|
| |
TOTAL REVENUE |
286,956.60 |
262,303.60 |
263,453.60 |
254,903.60 |
255,678.60 |
246,883.60 |
254,043.60 |
245,353.60 |
254,653.60 |
245,153.60 |
253,943.60 |
244,483.60 |
3,067,811.18 |
3,067,811.18 |
407,990.92 |
81,003.20 |
########### |
3687.3% |
|
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| |
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|
-
|
|
|
|
|
| LESS RESERVE DEPOSITS |
219,632.00 |
224,632.00 |
85,632.00 |
85,632.00 |
55,632.00 |
55,632.00 |
45,632.00 |
35,632.00 |
35,632.00 |
35,632.00 |
25,632.00 |
34,932.12 |
939,884.12 |
939,884.12 |
98,334.00 |
98,334.00 |
841,550.12 |
855.8% |
|
|
| |
NET REVENUE |
67,324.60 |
37,671.60 |
177,821.60 |
169,271.60 |
200,046.60 |
191,251.60 |
208,411.60 |
209,721.60 |
219,021.60 |
209,521.60 |
228,311.60 |
209,551.48 |
2,127,927.06 |
2,127,927.06 |
309,656.92 |
(17,330.80) |
########### |
-12378.3% |
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-
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-
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-
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-
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EXPENSES |
|
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-
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|
| 5100 |
BANK CHARGES |
10.00 |
10.00 |
10.00 |
10.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
200.00 |
200.00 |
182.27 |
218.72 |
(18.72) |
-8.6% |
No change |
|
| 5200 |
AUDIT & TAX PREPARATION |
-
|
-
|
-
|
7,500.00 |
- |
-
|
-
|
-
|
- |
-
|
-
|
-
|
7,500.00 |
7,500.00 |
500.00 |
7,500.00 |
- |
0.0% |
No change |
|
| 5203 |
TAXES |
-
|
1,250.00 |
5,750.00 |
-
|
- |
5,750.00 |
-
|
-
|
5,750.00 |
-
|
-
|
5,750.00 |
24,250.00 |
24,250.00 |
2,474.06 |
9,500.00 |
14,750.00 |
155.3% |
Increase based on actuals |
|
| 5205 |
LEGAL EXPENSE-GENERAL |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
2,500.00 |
30,000.00 |
30,000.00 |
6,392.03 |
7,670.44 |
22,329.56 |
291.1% |
No change |
|
| 5206 |
LEGAL EXPENSE-COLLECTIONS |
1,600.00 |
1,600.00 |
1,600.00 |
1,600.00 |
1,600.00 |
1,600.00 |
1,600.00 |
1,600.00 |
1,600.00 |
1,600.00 |
1,600.00 |
2,400.00 |
20,000.00 |
20,000.00 |
16,419.07 |
19,702.88 |
297.12 |
1.5% |
No change |
|
| 5215 |
LIABILITY
INSURANCE/D&O |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
8,417.00 |
101,004.00 |
101,004.00 |
44,269.90 |
53,123.88 |
47,880.12 |
90.1% |
No change |
|
| 5226 |
WORKERS COMPENSATION EXP |
2,500.00 |
|
2,500.00 |
- |
-
|
2,500.00 |
-
|
- |
2,500.00 |
-
|
-
|
10,000.00 |
10,000.00 |
745.00 |
745.00 |
9,255.00 |
1242.3% |
Increase based on actuals |
|
| 5230 |
PRINTING & REPRODUCTION |
1,500.00 |
1,500.00 |
1,500.00 |
1,000.00 |
1,000.00 |
1,500.00 |
1,500.00 |
1,500.00 |
1,500.00 |
1,500.00 |
2,000.00 |
2,000.00 |
18,000.00 |
18,000.00 |
2,704.79 |
3,245.75 |
14,754.25 |
454.6% |
No change |
|
| 5233 |
PAYROLL SERVICE
EXPENSE |
210.00 |
142.00 |
142.00 |
142.00 |
142.00 |
142.00 |
211.00 |
142.00 |
142.00 |
142.00 |
142.00 |
142.00 |
1,841.00 |
1,841.00 |
Based on prior year |
|
1,841.00 |
#DIV/0! |
Expecting 5% increase |
|
| 5235 |
PAYROLL & BURDEN |
46,740.70 |
46,740.70 |
46,740.70 |
70,111.05 |
46,740.70 |
46,740.70 |
46,740.70 |
46,740.70 |
70,111.05 |
46,740.70 |
46,740.70 |
46,740.70 |
607,629.10 |
607,629.10 |
352,495.55 |
422,994.66 |
184,634.44 |
43.6% |
Increased due to cola and health benefits |
|
| 5255 |
COMMON AREA ELECTRICITY |
340.00 |
340.00 |
340.00 |
340.00 |
340.00 |
340.00 |
340.00 |
340.00 |
340.00 |
340.00 |
340.00 |
340.00 |
4,080.00 |
4,080.00 |
1,710.79 |
2,052.95 |
2,027.05 |
98.7% |
No change |
|
| 5258 |
WEST WINDS ELECTRIC |
289.00 |
289.00 |
289.00 |
289.00 |
289.00 |
289.00 |
289.00 |
289.00 |
289.00 |
289.00 |
289.00 |
289.00 |
3,468.00 |
3,468.00 |
1,907.51 |
2,289.01 |
1,178.99 |
51.5% |
No change |
|
| 5261 |
BOD-STAFF TRAINING |
250.00 |
250.00 |
250.00 |
250.00 |
250.00 |
250.00 |
250.00 |
250.00 |
250.00 |
250.00 |
250.00 |
250.00 |
3,000.00 |
3,000.00 |
|
|
|
|
No change |
|
| 5263 |
COMPUTERS |
2,000.00 |
-
|
-
|
2,000.00 |
- |
|
2,000.00 |
-
|
|
1,000.00 |
|
7,000.00 |
7,000.00 |
507.39 |
608.87 |
6,391.13 |
1049.7% |
Reduced |
|
| 5267 |
ENGINEERING/Consulting |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
3,750.00 |
45,000.00 |
45,000.00 |
|
|
|
|
EAP's- Merle and Linganore, survey work |
|
| 5270 |
GENERAL OFFICE EXPENSE |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
1,550.00 |
18,600.00 |
18,600.00 |
5,795.05 |
6,954.06 |
11,645.94 |
167.5% |
Increase, now includes cleaning of office |
|
| 5272 |
OFFICE FURNITURE & EQUIPMENT |
300.00 |
300.00 |
1,700.00 |
300.00 |
300.00 |
300.00 |
300.00 |
300.00 |
300.00 |
300.00 |
300.00 |
300.00 |
5,000.00 |
5,000.00 |
780.27 |
936.32 |
4,063.68 |
434.0% |
Partitions for upstairs area |
|
| 5273 |
LLA OFFICE EQUIPMENT RENTAL |
800.00 |
800.00 |
800.00 |
800.00 |
800.00 |
800.00 |
800.00 |
800.00 |
800.00 |
800.00 |
800.00 |
800.00 |
9,600.00 |
9,600.00 |
6,586.30 |
7,903.56 |
1,696.44 |
21.5% |
Increased based on FY 08 actuals |
|
| 5274 |
LAKETALK EXPENSE |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
3,620.00 |
43,440.00 |
43,440.00 |
39,296.67 |
47,156.00 |
(3,716.00) |
-7.9% |
No change |
|
| 5275 |
POSTAGE EXPENSE |
1,550.00 |
600.00 |
600.00 |
1,500.00 |
600.00 |
600.00 |
600.00 |
600.00 |
600.00 |
600.00 |
600.00 |
1,550.00 |
10,000.00 |
10,000.00 |
4,376.84 |
5,252.21 |
4,747.79 |
90.4% |
No change |
|
| 5276 |
MEETING ROOM RENTAL |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
50.00 |
600.00 |
600.00 |
|
|
|
|
No change |
|
| 5280 |
INTEREST EXPENSE |
397.58 |
395.41 |
383.73 |
378.10 |
366.46 |
360.59 |
351.75 |
340.19 |
333.93 |
322.41 |
316.01 |
306.98 |
4,253.14 |
4,253.14 |
|
|
|
|
Updated per amortization schedule |
|
| 5281 |
INTEREST-LINE OF CREDIT |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
3,438.00 |
41,256.00 |
41,256.00 |
|
|
|
|
Estimated Interest on Line of Credit |
|
| 5294 |
COMMITTEE FUNDING |
5,000.00 |
-
|
-
|
-
|
- |
-
|
-
|
-
|
- |
-
|
-
|
-
|
5,000.00 |
5,000.00 |
6,146.52 |
7,375.82 |
(2,375.82) |
-32.2% |
No change |
|
| 5293 |
SOCIAL COMMITTEE FUNDING |
1,000.00 |
1,000.00 |
1,000.00 |
1,500.00 |
1,500.00 |
1,000.00 |
1,500.00 |
1,500.00 |
- |
-
|
|
-
|
10,000.00 |
10,000.00 |
|
|
|
|
No change |
|
| 5297 |
OTHER EXPENSE |
250.00 |
250.00 |
250.00 |
250.00 |
|