| 2000 | 2001 | 2002 | 2002 | 2002 yr end | 2003 | ||
| Budget | Budget | Approved | 8/31/02 | Projected | Approved | ||
| REVENUE | |||||||
| Common Assessment Income | $ 134,995.92 | $ 86,000.00 | $ 92,882.00 | $ 59,193.00 | $ 88,790.00 | $ 96,722.00 | *1 |
| Limited Assessment Income | $ - | $ 48,996.00 | $ 53,897.00 | $ 34,623.00 | $ 51,935.00 | $ 53,897.00 | *2 |
| Special Assessment Income | $ - | $ - | $ - | ||||
| Legal Fee Income | $ 500.00 | $ 500.00 | $ 250.00 | $ 250.00 | $ 500.00 | ||
| Late Fee Income | $ - | $ 500.00 | $ 200.00 | $ - | $ - | $ 100.00 | |
| Interest Income | $ - | $ 50.00 | $ - | $ 11.00 | $ 17.00 | $ 20.00 | |
| Misc. Income | $ - | $ 100.00 | $ - | $ (3.00) | $ (3.00) | $ - | |
| Bad Debt Write Off & NSF | $ - | $ (2,000.00) | $ (2,000.00) | ||||
| Total | $ 134,995.92 | $ 136,146.00 | $ 147,479.00 | $ 94,074.00 | $ 138,989.00 | $ 149,239.00 | |
| EXPENSES | |||||||
| Common Expenses | |||||||
| Legal | $ 2,000.00 | $ 1,000.00 | $ 500.00 | $ 1,486.00 | $ 2,229.00 | $ 1,500.00 | |
| Accounting and Taxes | $ - | $ 350.00 | $ 250.00 | $ 314.00 | $ 314.00 | $ 350.00 | |
| Bank Service Charges | $ 10.00 | $ - | $ - | $ - | $ - | $ - | |
| Management Fees | $ 7,800.00 | $ 9,364.00 | $ 9,660.00 | $ 6,440.00 | $ 9,660.00 | $ 10,336.00 | |
| Water | $ 20,000.00 | $ 19,000.00 | $ 25,000.00 | $ 11,048.00 | $ 16,572.00 | $ 17,600.00 | |
| Sewer | $ - | $ 4,950.00 | $ 7,550.00 | $ 3,792.00 | $ 5,688.00 | $ 6,029.00 | |
| Insurnace | $ 6,500.00 | $ 5,150.00 | $ 7,635.00 | $ 4,766.00 | $ 7,149.00 | $ 10,873.00 | |
| License & Fees | $ 10.00 | $ 10.00 | $ - | $ - | $ - | ||
| Repairs & Maint-common | $ 5,600.00 | $ 6,000.00 | $ 5,000.00 | $ 6,246.00 | $ 6,746.00 | $ 7,000.00 | |
| Asphalt & Concrete | $ 2,000.00 | $ 1,250.00 | $ 1,250.00 | $ 1,500.00 | |||
| Roof Repairs | $ 1,300.00 | $ - | $ - | $ 1,000.00 | |||
| Gutter Repairs & Cleaning | $ 1,000.00 | $ 1,490.00 | $ 1,490.00 | $ 5,000.00 | |||
| Landscape Contract | $ 7,600.00 | $ 12,152.00 | $ 7,614.00 | $ 4,759.00 | $ 7,614.00 | $ 10,000.00 | |
| Landscape Improvements | $ - | $ 1,000.00 | $ 1,500.00 | $ 926.00 | $ 926.00 | $ 1,000.00 | |
| Office Supplies & Expenses | $ 250.00 | $ 500.00 | $ 200.00 | $ 28.00 | $ 42.00 | $ 100.00 | |
| Exterminator | $ 400.00 | $ 500.00 | $ 150.00 | $ - | $ - | $ 200.00 | |
| Postage & Printing | $ 1,830.00 | $ 1,500.00 | $ 500.00 | $ 413.00 | $ 620.00 | $ 750.00 | |
| Snow Removal | $ 7,000.00 | $ 8,500.00 | $ 8,550.00 | $ 5,130.00 | $ 8,550.00 | $ 8,550.00 | |
| Misc. Common Expenses | $ 1,995.92 | $ 1,000.00 | $ 173.00 | $ 178.00 | $ 178.00 | $ 200.00 | |
| Sub Total Common Expense | $ 60,995.92 | $ 70,976.00 | $ 78,582.00 | $ 48,266.00 | $ 69,028.00 | $ 81,988.00 | |
| Common Reserve Contribution | $ 25,000.00 | $ 16,262.00 | $ 15,000.00 | $ 3,750.00 | $ 3,750.00 | $ 14,044.00 | |
| Total Common Expense | $ 85,995.92 | $ 87,238.00 | $ 93,582.00 | $ 52,016.00 | $ 72,778.00 | $ 96,032.00 | |
| Limited Expenses | |||||||
| Electric | $ 3,500.00 | $ 3,500.00 | $ 3,500.00 | $ 2,374.00 | $ 3,561.00 | $ 3,600.00 | |
| Gas - Natural | $ 23,000.00 | $ 28,000.00 | $ 30,000.00 | $ 8,919.00 | $ 13,379.00 | $ 20,000.00 | |
| Repairs & Maint - limited | $ 3,520.00 | $ 2,000.00 | $ 1,000.00 | $ 1,652.00 | $ 2,152.00 | $ 2,000.00 | |
| Intercom Repairs | $ 500.00 | $ 877.00 | $ 1,315.00 | $ 1,500.00 | |||
| Water Heater/Boiler Repairs | $ 3,500.00 | $ 1,373.00 | $ 2,060.00 | $ 3,000.00 | |||
| Repairs - Electrical | $ 100.00 | $ - | $ - | $ 100.00 | |||
| Trash Disposal | $ 7,500.00 | $ 7,200.00 | $ 7,400.00 | $ 5,066.00 | $ 7,599.00 | $ 7,500.00 | |
| Cleaning Service | $ 1,080.00 | $ 2,208.00 | $ 2,040.00 | $ 1,190.00 | $ 2,040.00 | $ 2,040.00 | |
| Misc. Limited Expense | $ - | $ 1,000.00 | $ 200.00 | $ - | $ - | $ 200.00 | |
| Sub Total Limited Expense | $ 38,600.00 | $ 43,908.00 | $ 48,240.00 | $ 21,451.00 | $ 32,106.00 | $ 39,940.00 | |
| Limited Reserve Contribution | $ 10,000.00 | $ 5,000.00 | $ 5,657.00 | $ 1,414.00 | $ 1,414.00 | $ 13,267.00 | |
| Total Limited Expense | $ 48,600.00 | $ 48,908.00 | $ 53,897.00 | $ 22,865.00 | $ 33,520.00 | $ 53,207.00 | |
| Total Expenses | $ 134,995.92 | $ 136,146.00 | $ 147,479.00 | $ 126,897.00 | $ 106,298.00 | $ 149,239.00 | |
| *1 - $5 increase in common expenses | |||||||
| *2 - no increase in limited expenses | |||||||