2001 Budget
Home Up

 

Proposed 2001 Budget

 

This budget was given to the Board in March and summarily rejected without giving the homeowners any chance to review it or comment on it.  We are currently under the 2000 Budget, while the Board, without my input, is supposedly working on the 2002 budget.

 

  2001 Budget 2000 Budget
    Revenues:    
Maintenance Assessments                      $174,250                  $259,588
Recovered legal expenses                               -0-                     35,000
    Subtotal                       174,250                   294,588
     
    Expenses:    
Maintenance & Repairs                                               
  Utilities - electric                             13,000                     13,000
  Landscaping                          33,000                     61,000
  Streetlight Maintenance & Supply                          23,250                     15,550
  Irrigation                           3,500                       3,500
  Hedge Hog                           3,300                       3,600
    Subtotal                         76,050                     96,600
     
Waterway/Lake Maintenance                          7,000                     50,000
Legal Services                         12,500                     60,000
Management Fees                         36,000                     57,000
Office Expenses                          1,000                     20,000
Insurance                          7,500                      2,000
Printing                          2,500                      6,000
Accounting Fees                          6,000                      2,700
Miscellaneous                         25,000                      6,000
Taxes, Licenses & Fees                             200                         348
Meeting Expense                             500                         500
                        174,250                   301,700
Excess (Deficiency) of Revenues over Expenses                         $       -0-                    $(7,112)
Assessments Budgets per above                   $174,250                             $259,588
Less:    
  Fund Surplus - per April 30, 2001 Balance Sheet                        123,045                   123,045
Total Adjusted Assessments to be Levied for 2001                        $      51,205                   $136,543
Per Year/Per Quarter                          $60 / $15                  $154 / $39
 
Last modified: June 13, 2001

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