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Common Expense Budget 2008
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Prepared by: Lois Brown, CPM
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Account #
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Account Name
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Budgeted
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INCOME
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9001
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Base Assesment($130.00 x 186homes)
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$24,180.00
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9002
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Neighborhood Assessments
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9003
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Special Assessments
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9004
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Transfer from Capital
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Total Income
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$24,180.00
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EXPENSES
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1000
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Utilities
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1001
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Water
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Budgeted
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$1,000.00
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Spent
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1002
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Electricity
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Budgeted
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$550.00
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Spent
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Total Utilities
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Budgeted
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$1,550.00
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2000
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Maintenance
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2001
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Monthly Lawn
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Budgeted
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$10,000.00
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Maintenance
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Spent
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Flower/Shrub Beds
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Installation & Maintenance
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2002
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Lawn Chemical
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Budgeted
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$1,600.00
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Spent
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2003
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Tree Service
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Budgeted
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$1,000.00
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Spent
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2003a
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Tree Planting/Removal
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Budgeted
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$1,000.00
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Spent
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2004
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General Maintenance
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Budgeted
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$1,000.00
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(formerly Landscape Committee)
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Spent
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2005
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Signs/Flags
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Budgeted
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$400.00
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Spent
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2006
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Lake maintenance
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Budgeted
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$500.00
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Spent
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2007
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Irrigation
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Budgeted
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$1,000.00
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Spent
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Total Maintenance
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$16,500.00
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3000
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Management
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3001
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Management Services
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Budgeted
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$3,500.00
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Spent
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3002
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Insurance
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Budgeted
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$1,800.00
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Spent
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3003
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Collection Services
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Budgeted
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Spent
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Total Management
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$5,300.00
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4000
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Administrative
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4001
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Accounting Service
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Budgeted
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$500.00
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Spent
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4002
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Postage
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Budgeted
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$500.00
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Spent
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4003
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Copies
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Budgeted
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$300.00
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Spent
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4004
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Supplies
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Budgeted
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$200.00
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Spent
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4005
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Attorney Fees/Legal
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Budgeted
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$350.00
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Spent
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4006
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Web Site
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Budgeted
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$450.00
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Spent
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4007
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Miscellaneous
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Budgeted
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$300.00
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Spent
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Total Administrative
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$2,600.00
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5000
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Social
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5001
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Social Activity
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Budgeted
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$200.00
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Spent
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5001
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Social Advertisements
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Budgeted
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$200.00
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Spent
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5002
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Welcoming Committee
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Budgeted
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$400.00
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Spent
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Total Social
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$800.00
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6000
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Taxes
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6001
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Property Taxes
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Budgeted
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$50.00
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Spent
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6002
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Income Taxes
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Budgeted
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$150.00
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Spent
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Total Taxes
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$200.00
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7000
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Transfer of Funds
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Budgeted
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to Capital Budget
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Total Expenses
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Budgeted
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$26,950.00
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Total income
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$24,180.00
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Short Fall
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-$2,770.00
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Short fall is satisfied by the money left from 2007 budget
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