Some points to note:
1. We have approximately 180 homes in Pleasant Pointe. Usually this gives us an annual budget of $18,000. We have factored in outstanding dues targeted for collection this year. This explains how projected income exceeds annual dues assessment.
2. Items marked with an asterisk are projections based upon preliminary data. As new data becomes available the board will adjust the budget.
Income: 23,500
Budget Lines (expenses):
Landscaping: 6900
Insurance (Directors & Officers plus General Liability): 1500
Office Supplies: 100
Postage: 200
Professional Fees..........
* Legal: 600
Property Management: 2100
Total professional fees 2700
Property Tax: 175
Church Rental (Annual Meeting): 50
Utilities.........
Electric: 3,000
Water: 400
Total Utilities: 3400
Programmed Maintenance and Upkeep: 2500
Contingency Reserve (Unforeseen repair/expense): 5975
Total: 23,500
This budget is posted as a projection of expenses based upon best known data. Actual expenses will vary and the Board of Directors is empowered to adjust the budget as required to pay just debts.
The Board of Directors extends our sincere thanks to Chris at Gold Ivy Realty for his work in providing the data for this year's budget.
Respectfully submitted,
Tim Fitzgerald
Secretary, PPHOA
