|
|
|
Budget 2005 |
Estimated Year-End 2005 |
Approved
Fully-Funded 2006 |
Monthly
Per Unit |
|
Income |
|
|
|
$ 251.00 |
| |
Late Fees |
$ - |
$ 26.33 |
$ - |
per 2 bdrm |
| |
Monthly Assessments |
$ 239,952.00 |
$ 239,952.00 |
$ 265,146.94 |
$ 283.00 |
| |
Interest |
$ - |
$ 4.18 |
$ - |
per 3 bdrm |
|
Total Income |
$ 239,952.00 |
$ 239,982.51 |
$ 265,146.94 |
|
|
|
|
|
|
|
|
|
Expenses: |
|
|
|
|
| |
Administrative Expenses |
|
|
|
|
| |
Accounting (Audit/Tax Returns) |
$ - |
$ - |
$ 1,560.00 |
$ 1.55 |
| |
Bank Service Charges |
$ - |
$ 1,181.00 |
$ 588.00 |
$ 0.58 |
| |
Bookkeeper |
$ 2,400.00 |
$ 1,700.00 |
$ - |
$ - |
| |
DBPR ($4 per condo door) |
$ 336.00 |
$ 336.00 |
$ 336.00 |
$ 0.33 |
| |
Legal Fees |
$ 540.00 |
$ 500.00 |
$ 570.00 |
$ 0.57 |
| |
Management Fees |
$ 12,720.00 |
$ 6,048.00 |
$ 13,104.00 |
$ 13.00 |
| |
Copies/Postage |
$ 1,600.00 |
$ 1,000.00 |
$ 1,200.00 |
$ 1.19 |
| |
Licenses and Permits |
$ 360.00 |
$ 275.00 |
$ 285.00 |
$ 0.28 |
| |
Total Administrative Expenses |
$ 17,956.00 |
$ 11,040.00 |
$ 17,643.00 |
$ 17.50 |
|
|
|
|
|
|
|
| |
Payroll |
|
|
|
|
| |
Maintenance Wages |
$ 21,672.00 |
$ 28,260.00 |
$ 22,884.00 |
$ 22.70 |
| |
Payroll Taxes |
$ 4,928.00 |
$ 4,270.67 |
$ 3,444.00 |
$ 3.42 |
| |
Total Payroll |
$ 26,600.00 |
$ 32,530.67 |
$ 26,328.00 |
$ 26.12 |
|
|
|
|
|
|
|
| |
Insurance |
|
|
|
|
| |
D&O (Directors & Officers) Insurance |
$ - |
$ - |
$ 804.00 |
$ 0.80 |
| |
Fidelity Bond |
$ - |
$ - |
$ 600.00 |
$ 0.60 |
| |
Flood Insurance |
$ 22,000.00 |
$ 20,806.72 |
$ 21,000.00 |
$ 20.83 |
| |
Condo Policy |
$ 37,000.00 |
$ 38,843.11 |
$ 45,000.00 |
$ 44.64 |
| |
Worker's Comp |
$ 2,400.00 |
$ 2,826.00 |
$ 2,519.94 |
$ 2.50 |
| |
Total Insurance |
$ 61,400.00 |
$ 62,475.83 |
$ 69,923.94 |
$ 69.37 |
|
|
|
|
|
|
|
| |
Maintenance Expenses |
|
|
|
|
| |
Grounds - Lawn mowing |
$ 15,000.00 |
$ 15,000.00 |
$ 16,800.00 |
$ 16.67 |
| |
Grounds - Tree Trimming/ Mulch/ Irrig/ New plantings |
$ 6,060.00 |
$ 9,000.00 |
$ 6,000.00 |
$ 5.95 |
| |
Pest Control / Fertilization |
$ 2,400.00 |
$ 2,400.00 |
$ 2,400.00 |
$ 2.38 |
| |
Pest Control Inside (Terminex) |
$ 3,000.00 |
$ 2,916.00 |
$ 3,000.00 |
$ 2.98 |
| |
Pool Expenses |
$ 3,700.00 |
$ 3,706.67 |
$ 4,800.00 |
$ 4.76 |
| |
Post Box Replacement/Stucco (5) |
$ - |
$ - |
$ 3,000.00 |
$ 2.98 |
| |
Supplies & Subcontractors |
$ 8,028.00 |
$ 10,441.71 |
$ 10,020.00 |
$ 9.94 |
| |
Termite Bond ($3500/5 yr $1K) |
$ 900.00 |
$ 3,500.00 |
$ 960.00 |
$ 0.95 |
| |
Total Maintenance Expenses |
$ 39,088.00 |
$ 46,964.38 |
$ 46,980.00 |
$ 46.61 |
|
|
|
|
|
|
|
| |
Utilities |
|
|
|
|
| |
Cable (TWC) |
$ 16,650.00 |
$ 16,608.00 |
$ 17,460.00 |
$ 17.32 |
| |
Electric |
$ 7,530.00 |
$ 6,726.12 |
$ 7,200.00 |
$ 7.14 |
| |
Phone (Offc) |
$ 150.00 |
$ 1,030.23 |
$ 1,392.00 |
$ 1.38 |
| |
Sewer (City of Cocoa) |
$ 35,700.00 |
$ 23,856.21 |
$ 24,000.00 |
$ 23.81 |
| |
Trash (Waste Mgmnt & City of C.B.) |
$ - |
$ 1,821.33 |
$ 1,920.00 |
$ 1.90 |
| |
Water/Fire Hydrant (Cocoa) |
$ 13,700.00 |
$ 19,670.80 |
$ 19,200.00 |
$ 19.05 |
| |
Total Utilities |
$ 73,730.00 |
$ 69,712.69 |
$ 71,172.00 |
$ 70.61 |
|
|
|
|
|
|
|
| |
Reserve Savings |
|
|
|
|
| |
Deferred Maintenance (Tennis Ct/ Concrete /Lndscp
/Doors/Mailboxes, Plumbing, etc.) |
$ 900.00 |
$ 900.00 |
$ 8,340.00 |
$ 8.27 |
| |
Painting |
$ 2,327.00 |
$ 2,327.00 |
$ 10,845.00 |
$ 10.76 |
| |
Paving |
$ |