| South Cove Homeowners Association | |||||
| Board of Directors Fiscal 2007 Budget Planning | |||||
| For Period of November 1, 2006 - October 31, 2007 | |||||
| (prepared Nov 2006) | |||||
| FY 2006 Budget | FY 2007 Budget | % Change | |||
| Adopted | Draft | ||||
| Income | |||||
| Dues Income | $ 65,025.00 | $ 65,025.00 | 0.00% | ||
| Dues Income (Advance) | $ - | $ - | 0.00% | ||
| Other income | $ 54.00 | $ 54.00 | 0.00% | D | |
| Total Income | $ 65,079.00 | $ 65,079.00 | 0.00% | ||
| FY 2006 | FY 2007 | ||||
| Planned Expenses | Projected Expenses | % Change | |||
| Expenses | |||||
| Communications | $ 1,450.00 | $ 1,200.00 | -17.24% | 5 | |
| Events | $ 5,950.00 | $ 4,500.00 | -24.37% | 1, 4 | |
| SLSA (South Lk Sam. Assoc) | $ 289.00 | $ 289.00 | 0.00% | ||
| Grounds | $ 45,800.00 | $ 45,900.00 | 0.22% | ||
| Insurance | $ 6,000.00 | $ 5,800.00 | -3.33% | ||
| Tax and Legal | $ 2,500.00 | $ 5,700.00 | 128.00% | 2 | |
| Tennis Courts | $ 2,100.00 | $ 1,100.00 | -47.62% | 3 | |
| Treasurer | $ 535.00 | $ 535.00 | 0.00% | ||
| $ 64,624.00 | $ 65,024.00 | 0.62% | |||
| Projected FY06 Reserve | $ 455.00 | $ 55.00 | -87.91% | ||