| South Cove Homeowners Association | |||||||||||||
| Annual Budget 1999-2000 | |||||||||||||
| November 1, 1999 - October 31,2000 | |||||||||||||
| Income | |||||||||||||
| Dues Income | |||||||||||||
| 98-99 Dues Dues | $ 10,500 | Remainder of 1998-99 Dues Not Yet Paid | |||||||||||
| 99-2000 Dues | 39,900 | Expected 1999-2000 Dues paid by 11/1/2000 | |||||||||||
| Total Dues | 50,400 | ||||||||||||
| Interest Income | 360 | From Checking and CD's | |||||||||||
| Other Income | 240 | From Tennis Court Keys | |||||||||||
| Total Income | $ 51,000 | ||||||||||||
| Expenses | Fixed | Variable | Total | ||||||||||
| Grounds | Grounds | ||||||||||||
| Beach | $ 1,500 | New Sand and Clean-up in Spring | Beach | $ 1,500 | |||||||||
| Entrances | 3,100 | New Lancdscaping on Main Entrance | Entrances | $ 3,100 | |||||||||
| Grounds Other | 500 | Grounds Other | 500 | ||||||||||
| Maintenance | 23,000 | Primarily Monthly Park Maintenance | Maintenance | 23,000 | |||||||||
| Paths | 12,250 | New Section of Path completed in November | Paths | 12,250 | |||||||||
| Playground | - | Need to Replace Worn Gym Toy ( 2000-2001) | Playground | ||||||||||
| Repairs | 420 | Miscellaneous Repairs | Repairs | 420 | |||||||||
| Security Patrol | 2,000 | Budgeted King County Patrol for Holidays | Security Patrol | 2,000 | |||||||||
| Signs | 2,500 | New Entrance, Park and Tennis Court Signs | Signs | 2,500 | |||||||||
| Water | 1,900 | Annual Water Bill | Water | 1,900 | |||||||||
| Total Grounds | 47,170 | 26,820 | 20,350 | $47,170 | |||||||||
| 47,170 | |||||||||||||
| Tennis Courts | Tennis Courts | ||||||||||||
| Keys | 40 | Key Charge | Keys | 40 | |||||||||
| Maintenance | 500 | Power Washing etc | Maintenance | 500 | |||||||||
| Repairs | - | Repairs | - | ||||||||||
| Total Tennis Court | 540 | 540 | 540 | ||||||||||
| Events | Events | ||||||||||||
| Easter | 400 | Food and Prizes | Easter | 400 | |||||||||
| 4th of July | 1,200 | Food, Clowns, etc | 4th of July | 1,200 | |||||||||
| Garage Sale | 200 | Signs and Advertising | Garage Sale | 200 | |||||||||
| Total Events | 1,800 | 1,800 | 1,800 | ||||||||||
| Communications | Communications | ||||||||||||
| Box Rental | 60 | P.O. Box | Box Rental | 60 | |||||||||
| Newsletter | 600 | Fee for Quarterly and Annual Newsletters | Newsletter | 600 | |||||||||
| Website | 300 | Fee for Website Hosting Services | Website | 300 | |||||||||
| Total Communications | 960 | 960 | 960 | ||||||||||
| Insurance | Insurance | ||||||||||||
| Directors | 1,265 | Required Insurance | Directors | 1,265 | |||||||||
| Liability | 1,800 | Libility Insurance $1M | Liability | 1,800 | |||||||||
| Umbrella | 1,000 | Liability Insurance Add'l $1M | Umbrella | 1,000 | |||||||||
| Total Insurance | 4,065 | 4,065 | 4,065 | ||||||||||
| Tax and Legal | Tax and Legal | ||||||||||||
| Tax Preparation | 300 | Annual Tax Return | Tax Preparation | 300 | |||||||||
| Legal Expenses | 240 | Legal Expenses | 240 | ||||||||||
| Total Tax and Legal | 540 | 540 | 540 | ||||||||||
| Treasurer | Treasurer | ||||||||||||
| Computer Expenses | 50 | Software Updates | Computer Expenses | 50 | |||||||||
| Corporate Filing | 10 | Annual Filing fee | Corporate Filing | 10 | |||||||||
| Dues Notices | 200 | Postage and Printing | Dues Notices | 200 | |||||||||
| Supplies | 50 | Paper etc | Supplies | 50 | |||||||||
| Total Treasurer | 310 | 310 | 310 | ||||||||||
| Bank Charges | 12 | Montlhy Service Fee | Bank Charges | 12 | 12 | ||||||||
| Total Expenses | $ 55,397 | Total Expenses | $35,047 | $20,350 | # | $55,397 | |||||||
| CASH FLOW | |||||||||||||
| Beginning Bank Balance | $ 44,930 | Lowest Potential Month is August @approx $7000 | |||||||||||
| INCOME | 51,000 | ||||||||||||
| EXPENSES | (55,397) | ||||||||||||
| Ending bank Balance | $ 40,533 | ||||||||||||