South Cove Homeowners Association
FY 2006 (11/1/05 - 10/31/2006) Budget
*Dues = $225/Home x 289 Homes
	FY 2006
	Projected Budget
Income
Dues Income	$               65,025.00	99.92%
Dues Income (Advance)	$                          -	0.00%
Other income	$                     54.00	0.08%
Total Income	$               65,079.00	100.00%
	FY 2006
	Projected Expenses
Expenses
Grounds	$               45,800.00	70.87%
Insurance	$                 6,000.00	9.28%
Events	$                 5,950.00	9.21%
Tax and Legal	$                 2,500.00	3.87%
Tennis Courts	$                 2,100.00	3.25%
Communications	$                 1,450.00	2.24%
SLSA (South Lk Sam. Assoc)	$                    289.00	0.45%
Treasurer	$                    535.00	0.83%
	$               64,624.00	100.00%
Projected FY06 Reserve	$                    455.00