TUSCANY AT INNISBROOK CONDOMINIUM ASSOCIATION, INC |
396 UNITS |
JANUARY 1, 2012 - DECEMBER 31, 2012 APPROVED BUDGET |
|
|
|
|
ACCT |
REVENUE |
2011 ANNUAL |
2012 ANNUAL |
MONTHLY AMOUNT |
|
4010 |
Unit Maintenance Fees (see attached fee |
$1,319,781 |
$1,319,781 |
$109,982 |
4020 |
Unit Late Fees |
$5,000 |
$5,000 |
$417 |
4030 |
Garage Income (35 @ $15.00 mth) |
$6,300 |
$6,300 |
$525 |
4200 |
Clubhouse Rental Suite |
$0 |
$7,000 |
$583 |
4400 |
Interest Income |
$250 |
$100 |
$8 |
4500 |
Application Income |
$3,000 |
$3,000 |
$250 |
4800 |
Other Income |
$2,000 |
$2,000 |
$167 |
4900 |
Water/Sewer Income (FewTec) |
$128,400 |
$128,400 |
$10,700 |
| |
TOTAL REVENUE |
$1,464,731 |
$1,471,581 |
$122,632 |
| |
|
|
|
|
| |
OPERATING EXPENSES |
|
|
|
5010 |
Bank/Coupons/Administrative/Office |
$10,260 |
$9,000 |
$750 |
5020 |
Office Supplies |
$600 |
$500 |
$42 |
5200 |
Exterminate Pest / Termite Subs |
$22,000 |
$18,000 |
$1,500 |
5300 |
Insurance - General Policy May |
$260,000 |
$275,000 |
$22,917 |
5310 |
Insurance - Flood Policy Oct/Nov |
$1,900 |
$1,900 |
$158 |
5400 |
Ground Maintenance Contract / Fert |
$98,400 |
$98,400 |
$8,200 |
5410 |
Trees/Plants/Sod Replacement |
$12,000 |
$12,000 |
$1,000 |
5420 |
Irrigation Repairs |
$1,000 |
$1,200 |
$100 |
5430 |
Mulch / Plants |
$15,000 |
$15,000 |
$1,250 |
5600 |
License / Permits Fees |
$1,800 |
$1,800 |
$150 |
5610 |
Division Fees |
$1,584 |
$1,584 |
$132 |
5700 |
Association Web site |
$300 |
$300 |
$25 |
5800 |
Management Fee |
$23,760 |
$23,760 |
$1,980 |
5900 |
Professional - Legal |
$72,000 |
$51,666 |
$4,306 |
5910 |
Professional - Accounting |
$6,000 |
$6,000 |
$500 |
6100 |
Repair/Maintenance - General |
$50,100 |
$30,000 |
$2,500 |
6105 |
Repair/Maintenance - Roofs/Drywall |
$0 |
$75,000 |
$6,250 |
6110 |
Repair/Maintenance - Supplies |
$9,600 |
$10,000 |
$833 |
6120 |
Repair/Maintenance - Lift Station |
$6,000 |
$4,920 |
$410 |
6130 |
Repair/Maintenance - Fire Protection |
$5,040 |
$4,800 |
$400 |
6140 |
Repair/Maintenance - Water Rust Treat |
$15,000 |
$5,000 |
$417 |
6150 |
Repair/Maintenance - Water Softener |
$13,980 |
$15,000 |
$1,250 |
6155 |
Repair/Maintenance - Gates |
$19,500 |
$900 |
$75 |
6160 |
Aquatic Lake Maintenance |
$5,000 |
$6,960 |
$580 |
6200 |
Pool - Maintenance & Repairs |
$15,000 |
$17,400 |
$1,450 |
6400 |
Salaries Expense Office |
$30,000 |
$30,000 |
$2,500 |
6410 |
Salaries Expense Maintenance |
$53,000 |
$65,000 |
$5,417 |
6420 |
Salaries Expense Security |
$42,000 |
$20,000 |
$1,667 |
6430 |
Salaries - Housekeeping |
$18,000 |
$19,000 |
$1,583 |
7000 |
Electric (38 Invoices) |
$75,000 |
$75,000 |
$6,250 |
7002 |
Utilities - Gas |
$45,000 |
$45,000 |
$3,750 |
7003 |
Utilities - Water/Sewer (Pinellas Co) |
$180,000 |
$180,000 |
$15,000 |
7004 |
Utilities - Trash (Compactor Rental) |
$14,400 |
$14,400 |
$1,200 |
7005 |
Utilities - Trash Pick-up (Waste Services) |
$17,520 |
$17,520 |
$1,460 |
7006 |
Utilities - Cable TV (New rate June) |
$101,777 |
$106,000 |
$8,833 |
7007 |
Telephone |
$6,000 |
$6,000 |
$500 |
7008 |
Utilities - - (Curbside Trash pickup) |
$25,680 |
$25,680 |
$2,140 |
7009 |
Bad Debt |
$30,000 |
$10,000 |
$833 |
7010 |
Unit Purchases |
$9,000 |
$5,000 |
$417 |
7015 |
Loss Revenue / Commercial Units |
$13,062 |
$12,922 |
$1,077 |
8000 |
Operating Contingency |
$15,240 |
$9,589 |
$799 |
|
TOTAL OPERATING EXPENSES |
$1,341,503 |
$1,327,201 |
$110,600 |
|
|
|
|
|
|
|
|
|
|
|
|
RESERVES |
|
9010 |
Reserves Painting & Waterproofing |
$38,098 |
$42,049 |
$3,504 |
9020 |
Reserves Paving |
$9,875 |
$7,500 |
$625 |
9030 |
Reserves Roofing |
$30,000 |
$50,000 |
$4,167 |
9040 |
Reserves Furn. Finishes & Equipment |
$1,818 |
$1,818 |
$152 |
9050 |
Reserves Plumbing |
$25,000 |
$25,000 |
$2,083 |
9075 |
Reserves Electrical |
$2,213 |
$1,800 |
$150 |
9080 |
Reserves Pools |
$7,710 |
$7,698 |
$642 |
9085 |
Reserves Drainage |
$1,950 |
$1,950 |
$163 |
9090 |
Reserves Heating & Cooling |
$1,564 |
$1,565 |
$130 |
9800 |
Reserves Deferred Maintenance |
$5,000 |
$5,000 |
$417 |
|
TOTAL RESERVES |
$123,228 |
$144,380 |
$12,032 |
|
|
|
TOTAL EXPENSES |
$1,464,731 |
$1,471,581 |
$122,632 |
|
$0 |
|
|
|
Note: |
|
enclosed is a completed draft of Fully Funding the Reserves which would make your
monthly dues increase considerably.
The Board recommends you WAIVE fully funding the reserve requirement as stipulated
on the General Proxy.
The maintenance fee calculations recommended by the Board have been based on Partially Funding
the reserves which will keep your fees in 2012 the same.
Enclosed is the UNIT FEE calculations for each unit. |
