The HOA Board Quarterly Fall 2013 Issue #7

my role as an officer of the Board of Directors? SAMPLE HOA BUDGET: 2013 Account Revenues Year 13 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Condo Fees 287100 23925 23925 23925 23925 23925 23925 23925 23925 23925 23925 23925 23925 Total Revenue 287100 23925 23925 23925 23925 23925 23925 23925 23925 23925 23925 23925 23925 Expenses Bank Charges 330 28 28 28 28 28 28 28 28 28 28 28 22 1500 125 125 125 125 125 125 125 125 125 125 125 125 Federal Taxes 50 4 4 4 4 4 4 4 4 4 4 4 6 State Taxes 25 2 2 2 2 2 2 2 2 2 2 2 3 Bad Debt Tax/Audit Preparation 925 77 77 77 77 77 77 77 77 77 77 77 78 General Insurance 5129 427 427 427 427 427 427 427 427 427 427 427 432 Workman’s Comp 521 43 43 43 43 43 43 43 43 43 43 43 48 Insurance Deductible 500 42 42 42 42 42 42 42 42 42 42 42 38 Legal Expenses 3920 327 327 327 327 327 327 327 327 327 327 327 323 Collection Expenses 1000 83 83 83 83 83 83 83 83 83 83 83 87 392 33 33 33 33 33 33 33 33 33 33 33 29 15240 1270 1270 1270 1270 1270 1270 1270 1270 1270 1270 1270 1270 3840 320 320 320 320 320 320 320 320 320 320 320 320 225 19 19 19 19 19 19 19 19 19 19 19 16 90 8 8 8 8 8 8 8 8 8 8 8 2 1400 117 117 117 117 117 117 117 117 117 117 117 113 975 81 81 81 81 81 81 81 81 81 81 81 84 Contingency 3980 332 332 332 332 332 332 332 332 332 332 332 328 Lighting/Electrical Contract 1368 114 114 114 114 114 114 114 114 114 114 114 114 Lighting Supplies 1650 138 138 138 138 138 138 138 138 138 138 138 132 License/Permits Monthly Management Fee Per Unit Fee Violation Notices Late Notice Statements Other Administrative Reserve Study/Update 200 17 17 17 17 17 17 17 17 17 17 17 13 7000 583 583 583 583 583 583 583 583 583 583 583 587 Gate Maintenance 500 42 42 42 42 42 42 42 42 42 42 42 38 Gate Repairs 800 67 67 67 67 67 67 67 67 67 67 67 63 Janitorial Monthly 4000 333 333 333 333 333 333 333 333 333 333 333 337 Janitorial Supplies 100 8 8 8 8 8 8 8 8 8 8 8 12 Landscape Monthly 91836 7653 7653 7653 7653 7653 7653 7653 7653 7653 7653 7653 7653 Plants, Chemicals, Debris Removal 10500 875 875 875 875 875 875 875 875 875 875 875 875 Turf Aeration 1925 160 160 160 160 160 160 160 160 160 160 160 165 Weed/Brush Abatement 3000 250 250 250 250 250 250 250 250 250 250 250 250 Landscape Irrigation Repair 8300 692 692 692 692 692 692 692 692 692 692 692 688 Pest Control 1300 108 108 108 108 108 108 108 108 108 108 108 112 Pool/Spa Monthly 3300 275 275 275 275 275 275 275 275 275 275 275 275 Keys/Remotes Common Area Repairs/Maintenance Pool/Spa Repairs and Improvements 3000 250 250 250 250 250 250 250 250 250 250 250 250 Tree Trimming 17000 1417 1417 1417 1417 1417 1417 1417 1417 1417 1417 1417 1413 Electricity and Gas 10233 853 853 853 853 853 853 853 853 853 853 853 850 Telephone 540 45 45 45 45 45 45 45 45 45 45 45 45 Trash 28744 2395 2395 2395 2395 2395 2395 2395 2395 2395 2395 2395 2399 Water 13300 1108 1108 1108 1108 1108 1108 1108 1108 1108 1108 1108 1112 Sewer 4230 352 352 352 352 352 352 352 352 352 352 352 358 Reserve Deposits Total Expense Net Income 34232 2853 2853 2853 2853 2853 2853 2853 2853 2853 2853 2853 2849 287100 23926 23926 23926 23926 23926 23926 23926 23926 23926 23926 23926 23914 0 0 0 0 0 0 0 0 0 0 0 0 0 Fall 2013 | Issue #7 | The HOA Board Quarterly | 5

The HOA Board Quarterly Fall 2013 Issue #7 | Page 5