Home Homeowner Association Budget Tuscany
Suite
Contact

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.


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